Some people are born leaders. Regardless of where they go or what they do they always seem to be guiding or overseeing a team. Companies and organizations need people like this, willing to steer the ship and make the tough calls. It’s no wonder, then, that so many of today’s schools offer a master of science in management program. Going above and beyond the business basics covered at just the bachelor’s or associate level, these masters of management programs dig deeper into the subject focus on more subject-specific topics like managerial reasoning and marketing management.
Why a Master’s Degree?
In the field of management, a bachelor’s degree is usually enough to get you in the door, as evidenced by data provided by the U.S. Bureau of Labor Statistics (BLS). However, if higher pay and promotions are important to you, a master’s degree is a smart, sometimes necessary, investment. Taking on the challenge of an MBA management specialization program will not only help set you apart from the crowd, it will also help illustrate your dedication to your chosen field‚ something that can only help your career.
Getting Into a Master’s Degree Program
Admission requirements into a program of this caliber will obviously vary from university to university, but a few common criteria include:
- Bachelor’s degree
- Relevant work experience
- Competitive GMAT or GRE scores
Inside a Management Master’s Degree Program
A management degree program at the graduate level will cover a myriad of topics, likely through a combination of hands-on practices and comprehensive lectures. Through online programs, students may have more freedom with their schedules as some of the required classes are offered virtually. This is ideal for many graduate students, as the likely have jobs and other commitments that keep their agendas full.
Some programs offer students the opportunity to pursue specific tracks like supply chain management, general business administration management, or even health care management. If you happen upon one of these programs and find a concentration that appeals to you, research the program. No one ever said you had to stick with a general degree plan.
What’s Next for Management Master’s Degree Holders?
Obtaining a masters degree in management is a smart choice, as the BLS reports that nearly all of the management occupations are growing at average or above average rates. That’s something anyone can appreciate in this current economy. Also, starting salaries can be considered competitive at best, with the lowest ones falling in the still highly valuable area of around $45,000.
Those who complete a master’s degree in management often pursue more education in the field. Students who have an interest in academia, research, or postsecondary teaching usually look into a doctorate degree, and if that’s still not enough, some schools even offer a post-doctorate certificate in the subject. Whatever your educational goals or ambitions, you are sure to find a plan that works for you.