Master's Degree in Contract Management
Can you see yourself settling complex disputes between two organizations? Are you good with both words and numbers? Read on to find out how to pursue a career in contract management. Schools offering Acquisition & Contract Management degrees can also be found in these popular choices.
What Can I Expect From a Master's Degree in Contract Management?
This degree is sometimes called a Master of Science in Acquisition and Contract Management or Master of Science in Administration with a specialty in acquisition and contract management. This is an advanced degree that will train you to manage contracts, usually government contracts, in organizations. This means you assess contracts and decide which make the most financial and logistic sense; alternatively, you may revise or create new contracts. You learn about ethical, statutory and regulatory limits that apply to government contracts.
The program teaches you about rules and laws surrounding various types of contracts, and when dealing with government contracts, you learn about the influences of Legislative, Executive and Judicial branches. Essential skills might also include fielding conflicts of interest, determining differences in government and private standards, understanding the limits of authority and a general knowledge of federal government practices. This degree takes 2-3 years to complete and typically culminates in a comprehensive exam or thesis.
What Are The Educational Prerequisites?
You must have at least a bachelor's degree to be considered for admission. You also have to submit standardized test scores, such as the GRE or GMAT scores. Some programs prefer applicants with professional business experience; if this is the case, expect to submit your resume and professional letters of recommendation as well.
What Classes Will I Take?
Coursework in this degree is largely didactic, taking place mostly in the classroom. The following are classes likely to appear in the curriculum:
- Communication strategy for leadership
- Principles of acquisition
- Economics for managers
- Organizational analysis
- Contract law
- Contract pricing
- Strategic management
- Contingency contracting
What Kinds of Jobs Can I Get?
Graduates of this degree program typically take management positions in businesses or corporations. These organizations may be in a number of industries. Examples include buying offices, contracting policy offices, contract administration offices and field contracting offices.
To continue researching, browse degree options below for course curriculum, prerequisites and financial aid information. Or, learn more about the subject by reading the related articles below: