Becoming an Arbitrator via Online Education?
At the very least, online education can help you lay a foundation and/or open up alternate career paths.
Kaplan University, one of the highest ranking online
schools,
is a US school (accredited) offering law courses to train individuals
to become top-notch
law professionals,
tax lawyers,
judges,
paralegals,
laywers,
attorneies,
arbitrators,
mediators,
police officers, etc.
Currently, according to the US Bureau of Labor Statistics there are 8,110 people employed as
arbitrators, mediators, and conciliators alone in America, and their average annual salary is
$63,250.
Colleges and universities like Kaplan University that provide online education are successfully launching workers into
this
field.
Typical Work Locations for an Arbitrator
- Soliciting Companies
- Divorce Courts
- Legal Service Businesses
- Attorney and Legal Offices
- Arbitration Companies
- Marriage Counseling Offices
- Mediator Service Companies
- Law Offices
- Mediation and Counseling Companies
- Universities and School Offices
Potential Advantages and Benefits of Working as an Arbitrator
- much less costly than civil litigation
- much faster process than civil litigation
- can express their own opinions and concerns
- mediation allows the opportunity for parties to work together and reach a settlement and continue to work together to complete the construction project
- if other items come into dispute a new mediation can be scheduled without affecting the prior settled items
- mediation is so informal that if a construction contract does not recognize an alternative dispute resolution option mediation may be scheduled by mutual agreement of both parties to the contract
- both parties have the opportunity to check the background and experience of the mediator unless the mediator is specified in the dispute resolution section of their contract
- mediation is a private process and not subject to public knowledge and possible media attention as can be the case with civil litigation
- mediation can protect parties from some of the extra problems associated with civil litigation
- most of the construction cases that are filed with a court of jurisdiction are remanded to mediation by the judge to see if a settlement can be reached
Potential Drawbacks
- Proportionate increase
- Mediocre working conditions
- Risk of error
- Mental fatigue
- Physical strain
- Burden on municipal taxpayers
- Fiscal responsibility
- Arbitration decision making
- Required by a legislation
- Significant pay increase
Related Professions to Consider
- Administrative Judge
- Commissioners
- Insurance Adjusters
- Political Scientists
- Title Examiners
- Abstracters
- Financial Mediator
- Arbitrator
- Immigration and Customs Inspectors
- License Examiners
Possible Interview Questions When Applying to be an Arbitrator
- What do you believe are your weaknesses?
- Why did you leave your last job?
- What experience do you have in being an arbitrator?
- What do co-workers say about you?
- Do you know else arbitrator who is working for us?
- Are you a team player?
- What is your philosophy towards work?
- Why should we hire you?
- What is your greatest strength?
- Have you ever had a serious problem with one of your supervisors?
Common Collaborating Professions
- Arbitrator
- Dispute Resolution Specialist
- Mediator
- Financial Mediator
- Financial Service Company Position
- Consulting Specialists
- Immigration and Customs Inspectors
- Insurance Adjusters
- Administrative Judges
- Commissioners
Arbitrator Training books
Arbitrator (More) Popular books
Potential Companies to Work For
Common College Majors
- Business
- Business Administration
- International Business
- International Relations
- Global Studies
- Political Science
- Anthropology
- Interpersonal Communication
- Psychology
- Arabic
Arbitrator Salary Information
Category: Arbitrators, mediators, and conciliators
| Total # Employed in the US |
8,110 |
| Average Hourly Wage: |
$30.41/hr |
| Hourly Wage Range |
| PERCENTILE |
| 10% | 25% | 50% | 75% | 90% |
| $14.84 |
$18.87 |
$25.37 |
$37.42 |
$52.86 |
|
| Average Yearly Salary |
$63,250 |
| Yearly Salary Range |
| PERCENTILE |
| 10% | 25% | 50% | 75% | 90% |
| $30,870 |
$39,250 |
$52,770 |
$77,840 |
$109,950 |
|
| Employment Demographics |
| % OF WORKERS WITH |
| < High School Diploma |
High School Diploma |
Some College |
Associate Degree |
Bachelor Degree |
Master Degree |
Doctoral Degree |
| 0.1% |
0.5% |
0.8% |
0.3% |
2.5% |
3.0% |
92.8% |
|
Arbitrators, mediators, and conciliators — WAGES BY STATE, SORTED BY SALARY
| STATE | Average Hourly Wage | Average Annual Salary |
| Ohio |
$52.82/hr
|
$109,880
|
| Kansas |
$40.1/hr
|
$83,400
|
| Colorado |
$36.94/hr
|
$76,820
|
| Florida |
$36.85/hr
|
$76,640
|
| Nebraska |
$35.53/hr
|
$73,900
|
| Oklahoma |
$34.81/hr
|
$72,400
|
| North Dakota |
$34.61/hr
|
$71,990
|
| Delaware |
$34.57/hr
|
$71,910
|
| New York |
$33.82/hr
|
$70,340
|
| New Hampshire |
$33.76/hr
|
$70,230
|
| Connecticut |
$31.95/hr
|
$66,460
|
| South Carolina |
$31.21/hr
|
$64,920
|
| Tennessee |
$31.08/hr
|
$64,650
|
| New Mexico |
$31.06/hr
|
$64,600
|
| Utah |
$30.95/hr
|
$64,380
|
| Montana |
$29.93/hr
|
$62,250
|
| South Dakota |
$28.56/hr
|
$59,400
|
| Mississippi |
$28.42/hr
|
$59,120
|
| Louisiana |
$28.15/hr
|
$58,550
|
| Arkansas |
$27.05/hr
|
$56,260
|
| Maine |
$25.57/hr
|
$53,180
|
| Michigan |
$25.32/hr
|
$52,670
|
| Wyoming |
$25.24/hr
|
$52,490
|
| Missouri |
$25.16/hr
|
$52,330
|
| Idaho |
$24.62/hr
|
$51,210
|
| Washington |
$23.84/hr
|
$49,600
|
| Kentucky |
$23.66/hr
|
$49,210
|
| Massachusetts |
$22.72/hr
|
$47,260
|
| Oregon |
$22.47/hr
|
$46,750
|
| Hawaii |
$21.97/hr
|
$45,690
|
| District of Columbia |
$21.6/hr
|
$44,930
|
| Alabama |
$20.12/hr
|
$41,850
|
| Nevada |
$13.38/hr
|
$27,830
|