Arbitrators, Mediators and Conciliators: Salary, Job Description, How To Become One, and Quiz

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Job description

Arbitrators, Mediators and Conciliators facilitate negotiation and conflict resolution through dialogue. Resolve conflicts outside of the court system by mutual consent of parties involved.

  • Use mediation techniques to facilitate communication between disputants, to further parties’ understanding of different perspectives, and to guide parties toward mutual agreement.
  • Confer with disputants to clarify issues, identify underlying concerns, and develop an understanding of their respective needs and interests.
  • Authorize payment of valid claims.
  • Conduct hearings to obtain information or evidence relative to disposition of claims.
Read more about what does an Arbitrator, Mediator and Conciliator really do at work and what is it like being and working as one.



Become

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Salary

Average salary
$72760 per year

Average hourly wage
$35 per hour


Arbitrators and Conciliators with little to no experience tend to make between $36590 and $45380 while the more experienced ones can earn over $91430 per year.

Top 5 paying statesHourlyAnnual
NJ$48$98,930
DC$48$98,850
CA$47$97,430
MN$45$93,310
IL$43$90,020

One of the easiest ways to increase your salary as an Arbitrator, Mediator and Conciliator is to move to a higher paying state like NJ. Right now, the highest paying states for Arbitrators and Conciliators are NJ, DC, CA, MN and IL.

However, a higher pay at NJ doesn’t guarantee that you will make more because the living expenses at NJ might be twice as high than where you are currently at now.

Three other factors that can increase your salary as an Arbitrator, Mediator and Conciliator is the degree you hold, the industry you work in, and lastly the company you work for.


Requirements

Recommended degree level
Bachelor’s Degree

We asked other Arbitrators and Conciliators what degree they had when they got the job and most of them said they had a Bachelor’s Degree followed by a Post-Baccalaureate Certificate.

Other than that, we also asked them what did they major in and here are the most popular majors that came up.

Law
Dispute Resolution
Read more about how to become an Arbitrator, Mediator and Conciliator and the degree, training and education you need.

Pros and Cons

Here are some of the pros and cons of being an Arbitrator, Mediator and Conciliator.

PROS
Suitable for people who likes to help and teach others
Suitable for people who values relationships between co-workers and customers and wants to work in a friendly non-competitive environment
This career is perfect for people who love to work indoors.
Very good salary
Short working hours (Less than 40 hours per week)
CONS
Not suitable for people who likes practical and hands-on work
It is very hard to get into this career. Extensive skill, knowledge, and experience is required for this career.

What is the job like

Job satisfaction
90%

Is this job meaningful
69%


90% of Arbitrators and Conciliators said they were satisfied with their job and 69% said they feel like their job is making other people’s lives better.


Is this right for me

Best personality for this career
The Helpers and The Entrepreneurs

You can read more about these career personality types here.

People who are suitable for this job tends to like working with, communicating with, and teaching people. They like helping or providing service to others..

They also like starting up and carrying out projects. They like leading people and making many decisions. Sometimes they require risk taking and often deal with business.




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Related career information

Arbitrators and Conciliators job description, Arbitrators and Conciliators salary, Arbitrators and Conciliators information, what is the job of an Arbitrator, Mediator and Conciliator like, pros and cons about Arbitrators, Mediators and Conciliators, colleges and universities for Arbitrators, Mediators and Conciliators, is Arbitrators, Mediators and Conciliators the right career for me, careers in Law and Legal

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