A few schools offer online bachelor's degree programs in acquisition and contract management, either separately or as a concentration in a management or business administration degree program. Many programs are completely online, but some are hybrids that require both online and on-campus courses. Students can usually access online lessons and course materials at their own convenience. Most online programs don't require an internship. Majors with acquisition and contract management courses include Bachelor of Science in Management and Logistics, and Bachelor of Business Administration.
It usually takes four years to complete a bachelor's degree with full-time study, but some schools make accelerated online programs available to students who have completed prerequisite courses. In an acquisition and contract management degree program, courses cover the basics of creating contracts, including contract law, negotiation, pricing and completion. Students learn about government contracting at the local, state and federal levels. Other courses cover general business principles and management skills.
Bachelor's Degree in Acquisition and Contract Management
Acquisition and contract management are themes most often taught within programs such as the Bachelor of Science in Management and Logistics or Bachelor of Business Administration. However, some courses of study result explicitly in degrees such as the Bachelor of Science in Acquisition and Contract Management. Students in any of these programs learn contract negotiation, contract laws, negotiating pricing and termination stipulations. They also study the logistical side of business management and how to make financial and contractual decisions. Information is based on the standards set by the Federal Acquisition Regulations.
Information and Requirements
Online bachelor's degree programs that discuss contracts and acquisitions are generally offered on a full-time basis and last four years. Accelerated programs are available to those who have completed necessary prerequisites, such as general education coursework. Concentration courses can range from 25 to 75 credit-hours in length. Full-time online degree programs usually total about 120 credit-hours and include general education classes. There are also hybrid degree programs available.
Students must have a computer that can access the Internet. Software and hardware that is recent and helps to run new media and download necessary materials is often suggested; specific programs and requirements vary by school.
Business classes and general education units balance contract management courses within a bachelor's degree program. Below, classes directly related to acquisitions are discussed.
Students learn about contract laws and standards set by the Federal Acquisition Regulations. They gain insight into subjects like government liability, resolution methods in court, contract term disputes and conduct standards.
Federal Acquisitions Principles
This course covers government contracting principles such as contracting procedures and policies. In addition, lessons address acquisition planning, basic procurement request procedures and contract preparations.
This course provides information on quality control, cost control, dispute management and finances. All information is based on current standards set by the Federal Acquisition Regulations.
Career Information for Graduates
Those with a bachelor's degree in acquisition and contract management can find careers in government, healthcare and business fields. Graduates can hold entry-level positions as buyers and purchasing agents. According to the U.S. Bureau of Labor Statistics purchasing agents held 503,900 jobs nationwide in 2018, and that number is expected to decline between the years 2018 and 2028. The same source states that the median annual salary of a purchasing agent was $67,600 as of May 2018.
Continuing Education Information
Graduates wishing to pursue further education can find online and hybrid format master's degrees in business administration with concentrations in acquisition and contract management. It is rare to find related doctoral degrees online, but students can pursue general online business doctorates if desired.
Online degree programs in acquisition and contract management provide students with knowledge of topics such as contract law, contract management, and government contracting principles. Graduates of these programs can work in fields including government, healthcare and business as purchasing agents.