Master degree programs in acquisition tend to provide students with coursework related to the function of organization, acquisition processes, statutory requirements and regulatory requirements. Students gain a foundation in managerial disciplines, focusing on the development, contracting and procurement of materials and services. Often, students will connect management or regulatory concepts to business aspects in the field.
To enroll students must have a bachelor's degree and a minimum undergraduate GPA. Students that hold non-business bachelor degrees must complete prerequisite coursework.
Master Degree in Acquisition
Through a master's program in acquisition, students may increase knowledge of procurement practices, proposal evaluations, commercial exploitation, cost reimbursement and purchasing systems. Programs typically provide students with information on legal aspects, policy issues, contracting issues and contract disputes. Specific coursework ranges from contract law to organizational behavior. Students may also take courses that address:
- Contract negotiation
- Operations management
- Financial analysis
- Managerial accounting
- Purchasing strategy
- Regulatory processes
Popular Career Options
A student who graduates from a master's degree program in acquisition can be prepared for careers in administrative and leadership positions within foreign organizations as well as in public, private and military sectors of the field. Individuals can pursue positions as:
- Purchasing officers
- Contracting officers
- Operations managers
- Contract administrators
- Project managers
Employment Outlook and Salary Info
Master's degree holders who choose to become purchasing managers are projected to see a one percent increase in employment from 2014-2024, stated the U.S. Bureau of Labor Statistics. The mean annual wages for purchasing managers were $114,130 in May 2015.
A master's degree program in acquisition teaches students about procurement practices, purchasing systems, and cost reimbursement. Graduates of this program have a range of career options including leadership roles, purchasing officers, and project managers.