How Much Do Arbitration Specialists Make?

Having a clear understanding of earnings potential is important, especially if you are researching career paths or considering changing jobs. If you're one of those people, and you're curious what kind of salary arbitration specialists make, you've come to the right place.

Using data from Lightcast,™ the Best Adult Colleges and Careers Guide has compiled rich information about salary for arbitration specialists and related jobs, including details about average compensation, salary trends and job growth. We've also gathered advertised salaries from actual job postings to provide insight into what employers of arbitration specialists are offering as compensation.

Keep reading to learn more about how much arbitration specialists can expect to make in the United States.

At a Glance: Salary & Jobs for Arbitration Specialists

According to data from 2022, there were about 65,058 positions for arbitration specialists in the United States. In terms of salary, the national median salary for arbitration specialists was reported to be $82,014. Additionally, when examining job demand, employers across the country posted 3,374 job postings related to positions for arbitration specialists.

How Much Money Do Arbitration Specialists Make?

Median salary is just one data point. To build a better understanding of how much money arbitration specialists and related positions can expect to make in the United States, it can be helpful to look at the full range of compensation for those jobs.

Let's look more deeply at data that was reported to the U.S. Bureau of Labor Statistics (BLS) for detail into the lowest and highest salary earnings for arbitration specialists.

Annual Salary for Arbitration Specialists

According to the BLS, the lowest earners for arbitration specialists and related professions earned about $38,896 per year in 2022. Meanwhile, at the other end of the spectrum, the highest earners made about $131,664 annually.

As mentioned previously, the median salary for arbitration specialists in the United States in 2022 was $82,014.

Hourly Salary for Arbitration Specialists

The BLS also breaks down compensation for arbitration specialists by hourly salary, and the median average hourly pay for arbitration specialists in 2022 was $39. Lowest hourly earners took home $19 while the highest reported hourly salaries for arbitration specialists was $63.

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Degree Options for Arbitration Specialists

Advertised Compensation for Arbitration Specialists

Data from the BLS is one way to dig into compensation for arbitration specialists, but another way to build a more real-time understanding of salary is to look at actual job postings and see what compensation organizations are currently providing to fill open positions for arbitration specialists.

Keep in mind that salary data is not included in every job posting, so the information compiled here is reflective of the data available through Lightcast.™

Annual Salary from Job Postings for Arbitration Specialists

During a review of 2,800 job postings related to arbitration specialists, advertised salary was included in 897 of them, which was 32%. Based on those postings, the median advertised salary for arbitration specialists was $62,336 per year.

Hourly Salary from Job Postings for Arbitration Specialists

A similar analysis of job postings provides insight into advertised hourly salary for arbitration specialists. Based on 27% of postings with advertised compensation, the median hourly salary for open positions for arbitration specialists in the United States is about $30.

Salary Trend for Arbitration Specialists

If you're thinking about pursuing a career in the field, you may want to understand how compensation has changed over time for arbitration specialists. The chart below provides a snapshot of advertised salaries over the past three years.

Based on compensation data that was included in job postings for arbitration specialists dating back to September 2019, advertised salaries for arbitration specialists have increased 57%.

What's the Job Growth for Arbitration Specialists?

Another data point that someone thinking about a career path should consider is whether or not jobs are expected to see growth in the future. The chart below looks at projected employment for arbitration specialists over the next 10 years.

According to the data obtained through Lightcast,™ there were 65,066 jobs for arbitration specialists in the United States in 2022. By 2032, it is expected that about 2,310 jobs will be added. That's a 3.6% increase over the next 10-year period.

Additional Links

Ready to dig deeper into career information about arbitration specialists? Visit our other pages focused on salary and education for arbitration specialists.

What do arbitration specialists do?
Arbitration Specialists: How do you become one?

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