Certificate programs in acquisition and contract management provide instruction in fields such as subcontract management, project management and international transactions. They are typically designed for individuals already working in organizations, with commercial businesses or as entrepreneurs who are looking to advance their careers with knowledge in acquisition and contract management. However, many programs will accept applicants who are looking to enter the field as well. Certificate programs explore principles and elements of acquisition, procurement, and business.
Certificate Programs in Acquisition and Contract Management
Coursework in a certificate program in acquisition and contract management typically focuses on the processes involved in contract administration, such as work specifications, documentations and cost controls. Programs provide individuals with knowledge in the life cycle of contracts and subcontracting, while informing students on legal, risk, and ethical issues. Students may study aspects of contract formation, financial analysis, negotiation, and risk management, as well as global outsourcing and international contracting. Students may study topics such as:
- Contract law
- Cost analysis
- Proposal preparation
- Contracting ethics
- Accounting standards
Popular Career Options
Individuals who complete a certificate program in this field are professionally trained and prepared for entry-level careers in the procurement and contracting fields. Individuals can pursue positions as contract administrators, procurement analysts, contract negotiators, contract price analysts, and contract termination specialists.
Employment Outlook and Salary Information
The U.S. Bureau of Labor Statistics stated that employment opportunities for purchasing managers, also known as contract specialists, are expected to show little or no change (1%) from 2014-2024. The mean annual wages of these workers were $114,130 in May 2015.
Continuing Education and Certification Information
Beyond the certificate level, individuals specializing in acquisition and contract management could go on to pursue a relevant bachelor's degree, such as a degree in management or business administration, which could contain relevant coursework. Master's degree programs in acquisition and contract management are also available. Professionals in this field could obtain certification through the National Contract Management Association.
Overall, certificate programs in acquisition and contract management offer a general introduction to business operations. Graduates can enter the field, advance to upper-level positions in the company they already work for or enroll in another business-related bachelor's degree.