Average Contracts Specialist Salary in Bihar, India for 2024

In this article, we will look at the average Contracts Specialist salary for 2024 in Bihar and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Indian rupee. To keep things simple, we are using the INR currency code instead of the currency symbol ₹.

How Much Does a Contracts Specialist Make in Bihar?

A Contracts Specialist working in Bihar will typically earn around 283,700 INR per year, and this can range from the lowest average salary of about 130,400 INR to the highest average salary of 455,400 INR.

These are average salaries for a Contracts Specialist in Bihar and include benefits such as housing and transport. It's also possible for a Contracts Specialist to earn more or less than the average salaries shown above.

Contracts Specialist salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Contracts Specialist Salaries in Bihar

So we've looked at the average salaries a Contracts Specialist will earn in Bihar. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Contracts Specialist can earn between 130,400 INR and 455,400 INR on average in Bihar. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Contracts Specialist in Bihar is 309,800 INR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 309,800 INR, and 50% of the population earn more than 309,800 INR.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Contracts Specialist salary in Bihar, 25% of the population are earning less than 197,600 INR while 75% of the population earn more than 197,600 INR.

75% of the population earn less than 412,000 INR, and 25% of the population earn more than 412,000 INR.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

Contracts Specialist Salary by Experience Level in Bihar

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average contracts specialist salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

• 0 - 2 Years Experience. A Contracts Specialist in Bihar that has less than two years of experience can expect to earn somewhere in the region of 150,000 INR.
• 2 - 5 Years Experience. With two to five years of experience the average Contracts Specialist salary would increase to 197,600 INR.
• 5 - 10 Years Experience. From five to ten years of experience as a Contracts Specialist, the average salary would be 294,300 INR.
• 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 359,900 INR.
• 15 - 20 Years Experience. A Contracts Specialist with 15 to 20 years of experience can earn an average of 390,000 INR.
• 20+ Years Experience. For a Contracts Specialist with more than 20 years, the expected average salary increases to 424,300 INR.

Average Salary by Experience Chart

Contracts Specialist Salary by Education Level in Bihar

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Contracts Specialist in Bihar based on the education level of the employees in order to find out whether a better education level would increase your salary.

• High School. A Contracts Specialist in Bihar with a high school education can earn an average salary of 183,700 INR.

• Certificate or Diploma. A Contracts Specialist in Bihar with a certificate or diploma education can earn an average salary of 214,000 INR.

• Bachelor's Degree. A Contracts Specialist in Bihar with a bachelor's degree education can earn an average salary of 311,700 INR.

• Master's Degree. A Contracts Specialist in Bihar with a master's degree education can earn an average salary of 409,000 INR.

Average Salary by Education Chart

Contracts Specialist Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Bihar, a male contracts specialist will earn an average of 240,500 INR, while a female contracts specialist will earn around 222,300 INR.

This means that a male contracts specialist earns approximately 8% more than a female contracts specialist for performing the same job.

Average Salary by Gender Chart in Bihar

Contracts Specialist Average Pay Raise in Bihar

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Contracts Specialist in Bihar is around 11% every 17 months.

The national average pay raise across all professions and industries in India is around 9% every 16 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 11 ÷ 17 ) × 12  = 8%

What this means is that a Contracts Specialist in Bihar can expect to receive an average pay raise of around 8% every 12 months.

Annual Pay Raise by Industry in Bihar for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in India.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Contracts Specialist Bonus and Incentive Rates in Bihar

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Contracts Specialist is a moderate bonus based job, with 51% of employees reporting at least one bonus in the last 12 months.

49% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 4% to 5%.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in India earn approximately 6% more than private sector employees in the same role.

Salaries for Jobs Similar to a Contracts Specialist

In the table below, we have salary information for jobs that are similar to a Contracts Specialist in Bihar.

Salary Comparison by City

If you want to compare salaries with different cities in India, you can use the links below to explore the data for each specific city we have researched.

Salary Comparison by State

The table below includes links to the average salary for each state in India.

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