Acquisition and Contract Management Career
Find Positions in Purchasing, Project Management and Analysis
An acquisition and contract management career involves procuring, managing and distributing the materials and resources necessary for a company to do business. Duties include negotiating the acquisition of resources, as well as the terms and policies of the contract associated with the purchase of the resources.
An acquisition and contract management career may involve other job duties such as:
- Understanding compliance with local, state and federal laws and regulations
- Analyzing prices
- Negotiating prices or other elements of a contract
- Monitoring contracts for fulfillment and compliance
- Making contract or purchase modifications
- Conducting contract performance evaluations
- Interfacing with colleagues involved in the contract scope
- Analyzing customer requests for proposals
- Evaluating suppliers
Because an acquisition and contract management career can be in a variety of industries, graduates must determine which business segment most interests them to determine their career path and opportunities. This could include healthcare, technology, manufacturing, government, construction, and more.
The United States Department of Labor, Bureau of Labor Statistics (BLS), predicts growth in employment of general management, purchasing managers and purchasing agents of four percent through 2022. These workers will be needed to buy goods and services for business operations or for resale to customers. Growth will vary based on the type of purchasing agent, management position, industry and location.
The Occupational Outlook Handbook provides information on an acquisition and contract management career as well as hundreds of other occupations, including entry-level education, overall working environment and employment prospects.
Acquisition and Contract Management Careers
- Proposal Writer
- Program Manager
- Acquisitions Manager
- Contract Manager
- Contract Specialist
- Purchasing Manager
- Contracts Negotiator
- Federal Contracts Manager
- Project Manager
- Supply Chain Manager
Salaries for an acquisition and contract management career depend on a number of factors that also include company size, location and level of education. In addition to the wages individuals earn, master's degree graduates often earn other compensation such as stock options, performance bonuses, expense allowances, and company-paid benefits.
Salary.com collected information from thousands of HR departments and found the median income for a position called contracts administration manager to be $103,000. Visit the website to find information on positions in different industries, by experience levels, or to search for state salary information.