The Basics of Becoming a Mediator or Arbitrator
Are you investigating how to become an Arbitrator or Mediator? The main job of an Arbitrator is to act as a neutral third party between disputing individuals or groups of individuals. Using an Arbitrator is a step disputants may go through before going to court. The Arbitrator is part of the process to help both parties reach a mutual agreement. As part of this process, they prepare settlement agreements for disputants, evaluate relevant information, and clarify issues for the involved parties.
While there are degrees available in Conflict Resolution and Negotiation, not all Arbitrators or Mediators earn this type of degree. Some positions may require a background in law or expertise in a specialized area such as insurance. Some positions require a bachelor’s degree while some may require a master’s or doctoral degree.[ii]
An Arbitrator’s Salary Potential
[ABOVE] National Mean Salary for an Arbitrator or Mediator[iii]
Top States with the Highest Salary Averages[iv]
|States||Lowest 10th% Salary||Highest 75th% Salary|
|District of Columbia||$54,650||$136,120|
How Do Your Skills Stack Up?
As reported by O*NET, these traits are ranked as either extremely or very important to the day to day life of a Mediator [i]
FAQs About How to Become an Arbitrator or Mediator
What Skills does an Arbitrator Possess?
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