To negotiate and supervise supply contracts for organization, it is the role of contract manager to use his or her knowledge of business and finance. There are significant educational requirements needed to become a contract manager. To rise to higher level, a bachelor’s degree and a lot of job experience are required. In addition to bachelor’s degree, contract managers also hold an advanced degree. Products or services produce by every business and governmental entity need to have a reliable supply chain. If they do not have reliable chain, they will not be able to meet the needs of their patrons or customers.
Dealing with the supply of goods and services to corporation are the major roles of contract managers. Job opportunities are good but vary. Depending on experience and educational background, contract managers generally make between 70,000 and $115,000. There are various schools that offer this course. The accredited schools offering online contract management degrees are Bellevue University, Strayer University Online and Villanova University Online. Strayer University Online offers associate degree and bachelor’s degree. Bellevue University offers master’s degree. In the field of business administration, contract management is a career specialization.
The various degree levels for contract management are associate degree, bachelor’s degree and master’s degree. Associate degree takes 2 years to complete, bachelor’s degree requires 4 years to finish and master’s degree takes 1-2 year to complete. Depending on the size and type of business, educational requirements for contract managers vary. Better job opportunities are visible to individuals who have higher degree level. Associate degrees are offered by community and junior colleges. The basic educational backgrounds in business are provided by these degrees. Entry level positions are hard to find for associate degree holders. The entry level jobs are acquired by bachelor’s degree holders. General education requirements, business training and contracts management specifics are given by bachelor’s degree.
To advance into a more managerial role, a master’s degree in business administration is required. Various professional societies offer courses and many contract managers participate in the courses. When applying for entry level positions, they help to get the job. Variety of group offer many specific certifications. Certificate from Institute for Supply Management and the American Purchasing Society are valuable and many people apply for it. National Institute of Governmental purchasing Society offers certificate courses for those who seek governmental jobs. The certifications provide a faster way to climb corporate leader.
Contract managers get their salary based on experience though they have degrees. Associate degree holders get low salary compared to high level degree holders. In agriculture industry, they get a low starting wages. They get as low as $30,000 per year. Salaries continue to rise as experience increase. Some managers may be more than $140,000 per year. Job outlook for contract managers is average as different industries grow at different rates. Great deals of job opportunities are not provided by agricultural sector. Online contract management degrees provide you the base and you can learn the course in your home at your own comfort