The salary of a Contracts Administrator III in the United States varies depending on several factors, including experience, location, education level, marketing trend and company sizes.
As of November 01, 2024, the average annual pay of Contracts Administrator III in the United States is $99,293. While Salary.com is seeing that Contracts Administrator III salary in the US can go up to $122,395 or down to $78,615, but most earn between $88,470 and $111,386. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Contracts Administrator III in the United States.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $111,386 | $9,282 | $2,142 | $54 |
| Average | $99,293 | $8,274 | $1,909 | $48 |
| 25th Percentile | $88,470 | $7,372 | $1,701 | $43 |
As of November 01, 2024, Salary.com is seeing that an entry-level Contracts Administrator III with under 1 year experience makes about $94,206. With less than 2 years of experience, a mid-level Contracts Administrator III makes around $95,011. After 2-4 years, the Contracts Administrator III pay rises to about $97,106. Those senior Contracts Administrator III with 5-8 years of experience earn roughly $100,300, and those Contracts Administrator III having 8 years or more experience is expected to earn about $104,442 on average.
| Levels | Salary |
|---|---|
| Entry Level Contracts Administrator III | $94,206 |
| Intermediate Level Contracts Administrator III | $95,011 |
| Senior Level Contracts Administrator III | $97,106 |
| Specialist Level Contracts Administrator III | $100,300 |
| Expert Level Contracts Administrator III | $104,442 |
| Entry Level | 5% |
| Mid Level | 4% |
| Senior Level | 2% |
| Top Level | 1% |
| Experienced | 5% |
Salaries in the United States can vary significantly from state to state due to a multitude of factors, including cost of living, local economic conditions, and industry presence.
For example, as of November 01, 2024, the average yearly salary of Contracts Administrator III is $109,521 in California and in Massachusetts, the average annual salary goes to $108,031. While in New Jersey, a Contracts Administrator III earns $108,826 per year.
What Am I Worth?
Salaries in the United States can vary significantly from city to city due to a multitude of factors, including cost of living, local economic conditions, and industry presence.
For example, as of November 01, 2024, the average yearly salary of Contracts Administrator III in San Francisco, CA is $124,117 and in New York, NY, the average annual salary goes to $115,975. While a Contracts Administrator III earns $111,308 per year in Boston, MA.
For those exploring the changing dynamics of Contracts Administrator III salaries, Salary.com offers detailed insights through our Job Trending in CA Labor Market analysis. As of November 01, 2024, our research highlights a notable shift in Contracts Administrator III compensation over the past six years. For instance, the median salary has moved from $91,407 in 2023 to about $90,780 in 2024 (for a comprehensive analysis of Contracts Administrator III salary trends, click here). It's crucial to consider several elements, including geographical location, experience level, industry demand, and economic development, as they play a significant role in influencing salary variations.
Salary.com job board provides millions of Contracts Administrator III information for you to search for. Click on search button below to see Contracts Administrator III job openings or enter a new job title here.
Here are companies hiring for Contracts Administrator III and their salaries, click below for more details.
| Core Compensation | ||||
| Core Compensation | Median | % of Total | ||
| Base Salary | $99,293 | 69.3% | ||
| Bonus | $3,283 | 2.3% | ||
| Value of Benefits | ||||
| Core Compensation | Median | % of Total | ||
| Social Security | $7,847 | 5.5% | ||
| 401K/403B | $4,308 | 3.0% | ||
| Disability | $2,052 | 1.4% | ||
| Healthcare | $8,352 | 5.8% | ||
| Pension | $5,539 | 3.9% | ||
| Time Off | $12,625 | 8.8% | ||
| Total Compensation | $143,299 | 100% | ||
| Degree Level | % of user with this level of education |
|---|---|
| No Diploma | 0.2% |
| High School | 10.7% |
| Associates | 6.4% |
| Bachelors | 43.5% |
| Masters | 26.9% |
| Doctorate | 12.3% |
What Am I Worth?
The average annual salary of Contracts Administrator III is $99,293. In case you are finding an easy salary calculator, the average hourly pay of Contracts Administrator III is $48; the average weekly pay of Contracts Administrator III is $1,909; the average monthly pay of Contracts Administrator III is $8,274.
A Contracts Administrator III's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer. According to the latest salary data by Salary.com, a Contracts Administrator III earns the most in San Jose, CA, where the annual salary of a Contracts Administrator III is $124,613.
The highest pay for Contracts Administrator III is $122,395.
The lowest pay for Contracts Administrator III is $78,615.
Contracts Administrator III develops, prepares, and administers contracts, bids, and proposals that meet specifications and comply with all policies and regulations. Supports or participates in contract negotiations with suppliers, partners, or customers. Being a Contracts Administrator III reviews contract terms to identify any potential risk or compliance issues. Examines supporting materials and agreement documents related to bids or contracts and provides guidance. Additionally, Contracts Administrator III acts as liaison between the organization and subcontractors to implement the contracts. Maintains contract records used to ensure compliance with reporting and regulatory requirements. Typically requires a bachelor's degree or equivalent. Typically reports to a manager or head of a unit/department. The Contracts Administrator III work is generally independent and collaborative in nature. Contributes to moderately complex aspects of a project. To be a Contracts Administrator III typically requires 4-7 years of related experience.
Specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
RFP: A request for proposal (RFP) is a business document that announces a project, describes it, and solicits bids from qualified contractors to complete it.
Contract Negotiation: Creating an agreement to legally binding terms to obtain favorable results.
