Online Bachelor's in Acquisition & Contract Management Degree Programs

Now you can learn the contract management process, get a degree, and start your new career without physically attending college. An online bachelor’s in acquisition and contract management teaches you various industry-specific skills at home or wherever you are in the world. Instead of studying in a classroom, you learn subjects like business acquisition, contract negotiations, and contract law over the internet on your computer or smart device. Upon graduation, you could work for the government or a commercial organization managing contracts and overseeing critical acquisitions. 

Read on to learn more about online bachelor’s degrees in acquisition and contract management. 

What Is an Online Acquisition and Contract Management Degree?

An online acquisition and contract management degree teaches the skills required for a new job in contract and acquisition management. Unlike a regular degree, you learn these skills over the internet at your own pace, communicating with tutors via digital technologies like:

  • Webinars
  • Video tutorials
  • Digital workshops
  • Community forums
  • Email

An online bachelor’s in acquisition and contract management takes around four years to complete full time. During that time, you’ll learn skills like:

  • Contract law
  • Negotiation planning
  • Financial risk management
  • Developing acquisition sustainability strategies
  • Project management
  • Acquisition and contract management ethics
  • Using a contract management system

Some online programs let you study for an additional certification alongside your bachelor’s, such as a qualification awarded by the National Contract Management Association (NCMA). 

You might take all your contract and acquisition management classes online or combine virtual lessons with hands-on experience at a private company or government organization. 

When you receive your online bachelor’s in acquisition and contract management, you can get a job as a:

  • Contract manager
  • Contract administration manager
  • Commercial manager
  • Procurement manager
  • Administrative services manager

After several years in a management role, you could become a contract director.

A typical job in contract and acquisition management involves:

  • Negotiating legal agreements between two or more organizations
  • Establishing contracts
  • Approving contract terms
  • Approving budgets
  • Ensuring quality compliance
  • Coordinating deadlines
  • Adhering to procurement legislation
  • Supporting a contract director

You will typically be responsible for acquisition and contract management for a public or private organization. Responsibilities include drafting, reviewing, and regulating all contracts and legal documents and identifying potential contract breaches that could put an organization at financial or legal risk. You will work closely with the rest of the acquisition and contract management team on various projects and communicate contract terms to the rest of the organization. 

How Much Does an Acquisition and Contract Management Degree Cost? 

The average cost of a bachelor’s degree in acquisition and contract management is between $9,687 and $35,087 in tuition fees, according to U.S. News & World Report (average costs for the 2020-2021 academic year). These costs don’t include any program supplies, registration fees, examination fees, commuting costs, or room and board rates. 

An online bachelor’s in acquisition and contract management could work out cheaper than a regular degree because you might not have to pay for travel or accommodation costs.

Average Salary for an Acquisition and Contract Management Degree

The median annual salary for someone with a bachelor’s degree in government contract management — one of the most popular acquisition and contract management degree programs — is around $95,000, according to PayScale. (Data correct as of March 2021.) Those with several years of experience in an acquisition and contract management position might earn a higher salary than this amount. 

The median annual salary for a contract manager — one of the most popular jobs for acquisition and contract management majors — is around $82,700, according to PayScale. (Data correct as of July 2020.) Contracts managers could also earn around $1,000-$16,000 in bonuses and up to around $7,000 in commissions.

Acquisition and contract management majors with specific skills such as knowledge of international contract law could earn more than the amounts above. 

What Is the Job Outlook for Acquisition and Contract Management Degree Holders? 

The outlook is positive for acquisition and contract management majors. For example, there will be a 7.3% increase in job opportunities for administrative services managers from 2018 to 2028, according to Projections Central/Department of Labor. That’s higher than the average increase for all job fields (around 5%). 

Courses in Acquisition and Contract Management

You might take the following courses during an acquisition and contract management degree program:

  • Contract law
  • The art of negotiation
  • The ethics of acquisition and contract management
  • Preparing legal contracts
  • Financial risk management
  • Understanding legal compliance
  • Record management
  • Communicating contract terms with stakeholders, partners, and team members
  • Using a contract management system
  • Contract management data analytics
  • Soft skills like communication, strategic planning, and calendar management

Some schools might teach you the skills required to pass an industry-specific qualification like an NCMA certification. You could also get real-world acquisition and contract management experience at a local company or government organization. 

FAQs About an Acquisition and Contract Management Degree

Summary Information

  • You can get an acquisition and contract management degree online or at a college campus. 
  • Both options take the same time to complete.  
  • You can achieve an online bachelor’s in this discipline in around four years full-time. 
  • The field of criminal justice is gr

Benefits of studying for an acquisition and contract management degree include:

  • Increased earning potential.
  • The opportunity to balance your studies with any family or work commitments. 
  • The chance to study for a degree at home or from anywhere in the world. 
  • The cost of a criminal justice bachelor’s degree program varies based on the institution and the number of credits it requires
  • Accelerated programs that prepare students for certain jobs in criminal justice, like working in corrections, can be very affordable (in fact, some cost
  • A degree in acquisition and contract management costs between $9,687 and $35,087 in tuition fees, according to U.S. News and World Report. 
  • An online bachelor’s degree could work out cheaper than a regular college degree because you might not have to commute to a college or live on campus.  
  • You can apply for a scholarship or other financial aid to reduce the cost of your education.  

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