What Is Online Masters Degree Programs in Acquisition Management?

What Is Online Masters Degree Programs in Acquisition Management?

Many Online Master’s Degree Programs in Acquisition Management allow students to learn about contract negotiations, procurement processes and financial planning. Learn more about the coursework and get important job information.

Individuals with a bachelor’s degree can complete a 3 year acquisition management internship with the Federal Department of the Interior. This program, based in Washington, D.C., focuses on federal budgeting issues, contract administration and cost analysis. Often the management internship program includes extensive hands-on training, rotational assignments and mentoring. Interns receive a variety of business and technical training in project management, customer service and presentation skills. Students must have a certain number of college level credits in law, accounting, finance and economics. The program requires students to have at least a 2.95 GPA to be eligible for admission. An acceptable level of professional experience in a federal government agency may be accepted in lieu of standard requirements.

There are MBA programs that allow students to tailor their curriculum to include financial management, contracts and other topics in acquisition management. Individuals with an MBA degree may pursue careers in acquisition management with construction firms, defense contractors and the federal government. Students attracted to MBA programs usually have an interest or background in leadership, business law or management. A Master of Business Administration degree can be completed in less than three years. There are various online programs available for students. Applicants must have a bachelor’s degree and GRE scores. Many graduate programs require students to maintain a 3.0 minimum GPA. In some business administration degrees programs, candidates must submit a thesis before graduation. International students most demonstrate sufficient proficiency with the English language before admission.
Acquisition Management Internship Program

Read: What Is CPA (Certified Public Accountant)?

Courses cover proper procedural processes for issuing federal contracts and techniques for successful contract negotiation. The acquisition management program also includes extensive training in federal budget issues. The program requires students to spend at least one year apprenticing in a government agency, like the Department of Homeland Security, the Food and Drug Administration or the Department of Defense. The internship requires participants to relocate to the Washington, D.C., area.

Interns engage in advanced study that is useful in negotiations between the federal government and different business entities. This study includes:

Contract negotiations
Cost and price analysis
Contract administration
The federal budget

Master in Business Administration

A master’s degree in business administration prepares students to take on managerial roles in business and government. The Association for the Advancement of Collegiate Schools of Business is responsible for accrediting master’s degrees in business administration.

A master’s degree in business administration involves advanced study of finance, human resources and industrial management. Other coursework includes:

Acquisition and contract management
Corporate accounting
Business ethics
Systems management

Popular Career Options

The Master of Business Administration degree leads to careers in executive management in government and business. Graduates seeking a career in acquisitions management have career opportunities with defense contractors, local governments and utilities companies.

Acquisitions manager
Business executive
Financial analyst

Employment Outlook and Salary Info

Individuals pursuing careers in government may face challenges finding open positions. The U.S. Bureau of Labor Statistics (BLS), www.bls.gov, expects that the number of jobs open in the federal government will decrease slightly between 2014 and 2024.

Students wishing to study acquisition management can pursue a master’s degree program, or participate in an internship program with the Federal Department of the Interior. Graduates of these programs can work management positions in the government or business industry.

Leave a Comment