Are arbitrators lawyers?

Career: Arbitrator

Not all arbitrators are lawyers. Completing law school is not a career requirement, especially for those working in business arbitration. Thorough knowledge of the legal process helps arbitrators make decisions and develop effective resolutions. At the very least, you need formal training in the arbitration process and specific experience with the subject of the dispute. However, many employers do prefer candidates with a law degree. Arbitrators that are also lawyers typically have the best job prospects and make a higher annual salary.