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Information on Master’s Degree Programs in Contract Management

Majors Overview June 3, 2015

Get information about a master’s degree program in contract management and its education requirements, coursework, career choices, job and wage outlook, and continuing education choices.

Master’s Programs in Contract Management

Students enrolled in master’s degree programs in contract management learn about advanced concepts of procurement, contract acquisition, and negotiation. They also receive education about federal and state regulations relevant to contracting processes. While schools often target these programs at students mainly interested in federal government contracting, the programs may also cover other types of contract management. In some instances, students enrolled in this type of program may already be in current occupations with companies that contract with government agencies. Research in the field is emphasized by studies, and the focus of coursework is on theories through a combination of hands-on training exercises and classroom lectures. Program graduates become eligible to seek professional certifications in the field.

Education Requirements

Admission criteria typically require incoming students to hold a bachelor’s degree. Though prior work experience is not mandatory for admission, preference is given to applicants with such work experience. Students would also benefit from having completed prior coursework in finance, statistics, and mathematics.

Coursework

Coursework combines hands-on practice and theory-based lectures; hands-on exercise may include team-based exercises, case study analyses, and research. Core coursework may cover topic areas such as:

•Contract negotiation
•Finance management
•Government contracting law
•Principles of acquisition
•Contract pricing

Career Choices

Program graduates may seek entry-level careers or leadership positions in possible roles such as:

•Contract administrator
•Procurement manager
•Government contract specialist
•Purchasing manager

Job and Wage Outlook

Over the 2012 – 2022 decade, a job growth rate of four percent has been predicted for purchasing managers (U.S. Bureau of Labor Statistics). In 2012, these professionals brought in an average annual wage of $60,550.

Continuing Education Choices

Program graduates may seek voluntary professional certification offered by certifying organizations like the National Contract Management Association (NCMA). The NCMA offers three certifications, the Certified Commercial Contracts Managers (CCCM), Certified Federal Contracts Manager (CFCM), and Certified Professional Contracts Manager (CPCM). To be eligible to apply, interested individuals must have at least a bachelor’s degree, augmented by advanced education, such as a master’s degree, and professional work experience.

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Showing schools in your area

5 Program(s) Found
  • Liberty University provides a worldclass education from a christ-centered worldview
  • 100% online programs at associate, bachelor’s, master’s, and doctoral levels
  • No standardized testing if student meets admission requirements
  • Accredited by the Southern Association of Colleges and Schools Commission on Colleges
  • 87% of Liberty University students receive some form of financial aid
  • Online Courses
  • Financial Aid
  • Transferable Credits
4 Program(s) Found
  • Why Earn Your Degree from GCU?
  • Options: Choose from a variety of undergraduate and graduate degree programs in Business, Nursing, Psychology, Education & more!
  • Convenience: Complete courses online, on campus, or a combination of both!
  • Earlier Graduation: Our 4-credit courses allow you to complete your degree program in less time.
  • Transfer Friendly: We will request your transcripts, evaluate your graduate coursework, and determine your anticipated graduation date within 24 hours.
  • Quality: Grand Canyon University was founded in 1949 and is regionally accredited. Learn more today!
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Financial Aid
  • Transferable Credits
5 Program(s) Found
  • Averett University is a top-ranked, fully-accredited institution that offers students over 30 undergraduate majors, minors and special programs, and 5 master's programs.
  • Accelerated programs designed for convenience: choose from weekly evening courses at one of Averett's Virginia locations or study online and on your own time.
  • Averett University was named one of Virginia’s top colleges for return on investment, and their average scholarship package lowers the cost of attendance further by almost 40%.
  • Averett offers students learning experiences that mirror real-life situations. This means you can put today's lesson to the test during tomorrow’s workday.
  • Averett University's 12:1 student-professor ratio makes your education a collaborative endeavor based on close relationships between students and faculty.
  • Online Courses
1 Program(s) Found
  • Hallmark University has a modern approach to business education. Our students are "hired" on day one to a mock company and live out their education as if on the job.
  • Students also gain valuable work experience having gone through real case studies from Fortune 100 companies.
  • By utilizing compressed, objective-driven courses, you can complete your education in nearly half the time of a similar program at a traditional college or university.
  • Each of our courses are designed to include scenario-based activities. You get to practice what you learn so you're ready for the challenges you will face when you graduate.
  • Our graduates enter the workforce with experience employers desire in addition to a credible degree.
  • Don't settle for learning in large lecture halls. Get the attention needed to succeed.
  • Online Courses

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