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Information on Master’s Degree Programs in Procurement and Contract Management

Majors Overview June 4, 2015

This article talks about master’s degree programs in procurement and contract management and their education requirements, coursework, job and wage outlook, and continuing education choices.

Master’s Programs in Procurement and Contract Management

Professionals already working in the contract administration field can gain a grasp of the operations and strategies related to federal procurement practices by enrolling in master’s degree programs in procurement and contract management. They gain a comprehensive grasp of the contract life cycle and the stages thereof.

International, commercial, and government contracts are typically subjects in these graduate programs. Students typically take two years to complete master’s degree programs in procurement and contract management; program graduates can seek advanced positions in contract administration.

Education Requirements

Admission criteria typically require incoming students to hold a bachelor’s degree in a business-related area. Varying with undergraduate courses taken and work experience garnered, prerequisite business coursework such as finance and statistics may be required. Applicants with analytical thinking skills, communication skills and orientation to detail may be preferable.

Coursework

The primary focus is on decision-making and real-world problem-solving through hands-on applications, team exercises, and lectures. Students will increase their knowledge of financial analysis, legal and ethical issues, risk management, and contract negotiation. Courses cover the areas of contract management, such as legal issues, federal procurement, and international contracting and outsourcing. Students gain expertise on regulatory requirements and the procurement process through core courses such as:

•Purchasing and logistics
•Contract law
•Economic analysis
•Financial decision-making
•Organizational theory
•Government contracting
•Supply chain management
•Contract negotiating
•Corporate finance
•Business ethics

Job and Wage Outlook

Over the 2012 – 2022 decade, a job growth of twelve percent has been predicted for administrative services managers of all types, including contract administrators (U.S. Bureau of Labor Statistics). In May 2012, administrative services managers, including contract administrators, brought in an average annual wage of $81,080 (BLS). Those occupied as members of management teams for enterprises and businesses earned $100,480 per annum, on average.

Continuing Education Choices

Program graduates may seek professional certification as offered by organizations like the National Contract Management Association. Three kinds of certification, including professional, commercial and federal contracts, are available to those who hold an undergraduate degree and have completed some continuing professional education hours. After students satisfy the required norms, they can take the applicable exams.

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2 Program(s) Found
  • Available business concentrations include Accounting, Economics, General Management, Marketing, and Human Resource Management.
  • Ranked among the Best Online MBA and Online Graduate Business Programs in 2016 by U.S. News & World Report.
  • Programmatic accreditation provided by the Accreditation Council for Business Schools and Programs (ACBSP).
  • Regionally accredited by the Southern Association of Colleges and Schools Commission on Colleges (SACSCOC).
  • Online Courses
1 Program(s) Found
  • Online bachelor's and master's level Business programs are available.
  • Courses are designed to teach practical business solutions, with a career-focused curriculum.
  • Students can study in areas such as business, applied management, and business administration.
  • Experienced professionals equip students with a working knowledge of marketing, financing, accounting, and sales.
  • Students who have graduated high school in or before 2015 are eligible to apply.
  • Online Courses
1 Program(s) Found
  • Named a Best for Vets school by the Military Times in 2014.
  • Has specialized in student-centered technology, business, criminal justice, health science, and culinary education for over 45 years.
  • Makes it possible for students to earn a bachelor’s degree in 2.5 years or an associate’s in 1.5 years by providing a year-round schedule.
  • Offers externships and clinical experience that help students prepare for life after they graduate.
  • Has 10 campuses across the mid-Atlantic, plus online degree programs.
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
  • Education Connection is a 100% Free College Matching Service used by 50,000 People Daily.
  • Get Matched to the Right Business Administration and Management, Accounting, Healthcare Administration, Marketing and Entrepreneurship Degree Program for YOU.
  • Affordable and Flexible Business Degree Programs from Top Colleges Across the Nation. Both Online And Campus!
  • Just Fill Out a Few Questions and You Can Find Your Perfect Business Degree Program Within Minutes.
  • Start Using our Fast, Free, and Easy Matching Service Right HERE and Right NOW!
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