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The differences between senior contract specialists and funding specialists can be seen in a few details. Each job has different responsibilities and duties. Additionally, a senior contract specialist has an average salary of $64,744, which is higher than the $43,459 average annual salary of a funding specialist.
The top three skills for a senior contract specialist include contract management, contract terms and federal government. The most important skills for a funding specialist are data entry, excellent organizational, and ACH.
| Senior Contract Specialist | Funding Specialist | |
| Yearly salary | $64,744 | $43,459 |
| Hourly rate | $31.13 | $20.89 |
| Growth rate | - | -3% |
| Number of jobs | 29,641 | 47,806 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 61% |
| Average age | 44 | 44 |
| Years of experience | - | - |
A senior contract specialist is responsible for reviewing business contracts and proposals, evaluating terms and conditions, and ensuring that the agreement adheres to business requirements and legislation procedures. Senior contract specialists may modify business documents to improve specifications and obligations, as well as determining the accuracy of financial provisions and feasibility. They must have an excellent understanding of the services that the company offers to identify the correct processes and formulate necessary adjustments for the contract before the final submission.
A Funding Specialist is in charge of facilitating the funding procedures of a company. They mainly function by identifying the funding needs of projects and programs, conducting extensive research and analyses, and developing plans and strategies to secure funding, all while adhering to the company's policies and regulations. Moreover, aside from planning, a funding specialist is also responsible for liaising with internal and external parties, establishing budget guidelines, preparing and processing documents, and resolving issues promptly and efficiently should any arise.
Senior contract specialists and funding specialists have different pay scales, as shown below.
| Senior Contract Specialist | Funding Specialist | |
| Average salary | $64,744 | $43,459 |
| Salary range | Between $42,000 And $98,000 | Between $30,000 And $62,000 |
| Highest paying City | Washington, DC | Urban Honolulu, HI |
| Highest paying state | California | Hawaii |
| Best paying company | Brookhaven National Laboratory | Northern Trust |
| Best paying industry | Government | Finance |
There are a few differences between a senior contract specialist and a funding specialist in terms of educational background:
| Senior Contract Specialist | Funding Specialist | |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 61% |
| Most common major | Business | Business |
| Most common college | Western Carolina University | Western Carolina University |
Here are the differences between senior contract specialists' and funding specialists' demographics:
| Senior Contract Specialist | Funding Specialist | |
| Average age | 44 | 44 |
| Gender ratio | Male, 43.6% Female, 56.4% | Male, 36.9% Female, 63.1% |
| Race ratio | Black or African American, 6.4% Unknown, 4.6% Hispanic or Latino, 9.4% Asian, 8.8% White, 70.4% American Indian and Alaska Native, 0.4% | Black or African American, 6.4% Unknown, 4.6% Hispanic or Latino, 9.4% Asian, 8.8% White, 70.4% American Indian and Alaska Native, 0.4% |
| LGBT Percentage | 11% | 11% |