Online master's degree programs in contract management
Do you love a good deal? Are you a whiz at analysis? Can you drive a hard bargain but communicate effectively at the same time? Then it may be worth considering a career in the field of contract management. Contract managers, purchasing agents and people in similar positions work to procure the highest quality goods and services for their companies at the best cost.
You can prepare yourself for a career in contract management and procurement with a range of degree programs, from online master's degree in business administration programs to programs in Master of Science in business management and acquisition.
Coursework for online master's degree programs in contract management
Online master's degree programs in contract management give you a foundation in both the strategy and operations that go into successful procurement. An online master's degree in business administration program may also offer the chance for you to take specific courses in contract management and procurement. Whatever kind of degree program you pursue, you'll likely take interesting courses:
- Organizational theory
- Contract pricing and negotiation
- Project management
- Information systems
This foundation can open up a range of career options. According to the Bureau of Labor Statistics (BLS), the number of jobs for purchasing managers, buyers and purchasing agents is expected to increase 7 percent through 2018, about the same expected growth rate of all occupations. A master's degree, whether it's an online master's degree in business administration or a Master of Science in business management and acquisition, can give you a competitive advantage.
Careers for Master of Science in business management and acquisition graduates
Here's a closer look at some of the potential careers you could pursue with your degree, along with salary figures as reported by the BLS.
- Wholesale and retail buyers analyze trends, prices and quality of goods, then purchase merchandise for resale. May 2009, mean annual salary for wholesale and retail buyers: $55,480.
- Purchasing managers coordinate the work of other buyers and purchasing officers to procure materials, goods and services. May 2009, mean annual salary for purchasing managers: $96,910.
- Purchasing agents (non-farm) procure equipment, supplies and machinery necessary for operations of a business or manufacturer. May 2009, mean annual salary for purchasing agents (non-farm): $58,550.
- Purchasing agents (farm) purchase goods for further processing or resale, such as grain, tobacco or Christmas trees. May 2009, mean annual salary for purchasing agents (farm): $62,450.
Overall, the BLS reports that purchasing managers, buyers and agents earned a median wage of $89,160 for 2008, with a top-end salary of $142,550.
If you're interested in exploring more about degree programs in business, WorldWideLearn.com's Guide to Majors in Business is a great starting spot. Browse and compare specialized programs in business administration and project management.
Once you discover some information that piques your interest, simply fill out the online form. An admissions representative will reach out to provide you with further information. Whether you choose an online master's degree in business administration or a master's program focused specifically on contract management, a degree can help open doors to a new career for you in purchasing, procurement and contract management.
Pursue your Contract Management major today…
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