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The differences between grants administrators and contracts administrators can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a grants administrator and a contracts administrator. Additionally, a contracts administrator has an average salary of $52,876, which is higher than the $49,206 average annual salary of a grants administrator.
The top three skills for a grants administrator include grants management, financial reports and pre-award. The most important skills for a contracts administrator are contract administration, customer service, and contract management.
| Grants Administrator | Contracts Administrator | |
| Yearly salary | $49,206 | $52,876 |
| Hourly rate | $23.66 | $25.42 |
| Growth rate | 6% | -6% |
| Number of jobs | 60,227 | 58,038 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 61% |
| Average age | 48 | 48 |
| Years of experience | 6 | 6 |
A grants administrator is responsible for approving financial and administrative assistance to employees and the organization provided that they submit the required documents and application for project development and processes. Grants administrators determine the eligibility of programs to calculate payments, generate financial reports and transactions, and coordinate with the management team for project implementation. They also follow strict procedures and protocols to ensure that the budget adheres to internal guidelines and requirements. A grants administrator must have excellent communication and analytical skills to review proposals and legal documents.
Contract administrators create and manage legal contracts from which the company participates. They ensure that all entities to the contract will accomplish their obligations, as indicated in the contract. They usually work for larger organizations that might be involved with different or highly complex contracts. These organizations spread across a range of industries, including government, construction, and healthcare. Their responsibilities include addressing any conflicts of questions regarding the contract, analyzing the possible risks posed by contracts, and working alongside the legal and procurement teams.
Grants administrators and contracts administrators have different pay scales, as shown below.
| Grants Administrator | Contracts Administrator | |
| Average salary | $49,206 | $52,876 |
| Salary range | Between $38,000 And $62,000 | Between $35,000 And $78,000 |
| Highest paying City | New Brunswick, NJ | Washington, DC |
| Highest paying state | New Jersey | Maryland |
| Best paying company | Children's Hospital Colorado | Ngam Advisors, L.P. |
| Best paying industry | Health Care | Finance |
There are a few differences between a grants administrator and a contracts administrator in terms of educational background:
| Grants Administrator | Contracts Administrator | |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 61% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between grants administrators' and contracts administrators' demographics:
| Grants Administrator | Contracts Administrator | |
| Average age | 48 | 48 |
| Gender ratio | Male, 28.2% Female, 71.8% | Male, 32.2% Female, 67.8% |
| Race ratio | Black or African American, 9.0% Unknown, 4.4% Hispanic or Latino, 12.3% Asian, 7.7% White, 65.8% American Indian and Alaska Native, 0.8% | Black or African American, 9.2% Unknown, 4.4% Hispanic or Latino, 12.6% Asian, 7.7% White, 65.3% American Indian and Alaska Native, 0.8% |
| LGBT Percentage | 7% | 7% |