Acquisition and Contract Management – A Smart Career with an Online Degree
It is not often that a contract or a legal agreement will make you think about a job or a career, but fortunately, there is a vast scope for employment in the acquisition and contract management arena.
We’re not taking about 2-3 page rental contract you may have signed or the terms and conditions you signed to open a bank account; in fact, our subject of interest are contracts that are hundreds or even thousands of pages in length, requiring dedicated researchers and writers to come up with a complete and consolidated document. And that is where some potential job opportunities for you arise.
How a Degree in Acquisition and Contract Management can help
Whether you are involved in the writing of a contract for acquiring a business, or whether it’s a contract for buying supplies from a manufacturer, there will be various terms and conditions that your supervisors will want you to keep under consideration, especially with respect to the organizational ideology.
By getting formal training in contract management with the help of a formal degree, you get a better hang of negotiating contracts, working out policies, evaluating and assessing contracts, reviewing records, etc.
Degree Levels for this Discipline
A degree in acquisition and contract management is widely available across various levels, from the associate’s to the master’s level. However, associate’s degrees in contract management, bachelor’s programs and certification programs are the most common.
Courses and Curriculum taught at Colleges and Online Schools
Comprehensive courses and subjects are taught to students to prepare them in this field. Whether you select a traditional college program, or go for an accredited online degree from a reputed online school, you will be taught some of the best courses in this field taught by accomplished faculty members.
Common examples of courses taught include:
- Economic Problems and Issues
- World Cultures
- Market Research
- Professional Communication
- Business Law
- Contemporary International Problems
- Cost Analysis
- Accounting and Estimating Costs
Career Options for Graduates
As a graduate of a program in acquisition and contract management, your career options are many and they are brilliant.
Take a look at some prospective careers and the average annual pay people earn in those careers:
|Senior Contracts Specialist||$68,000|
|Director of Contract||$126,000|
|Defense Contract Specialist||$61,000|
|Labor Relations Specialist||$67,000|
Getting an Admission
As you can see, the career prospects and earning potential with this degree are brilliant. In order to get into a program, you need to check out the specific educational requirements, such as a high school diploma, SAT scores, essay and letters of recommendation for associate’s and bachelor’s degree. For master’s programs, you will need an accredited bachelor’s degree, preferably in a related field or industry, as well as standardized test scores such as the GRE, letters of recommendation and an essay.
You can get into multiple specialties with this degree, such as a contract specialty in labor relations or human resources, in financial contracts, or in purchasing. Just make sure you get into an accredited program to make the most of the money and time you will be investing in these programs.