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 tough calls. It's no wonder, then, that so many schools now offer a master of science in management. Going above and beyond the business basics covered at the bachelor's or associate level, these master's 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 illustrate your dedication to your chosen field‚ something that can only help your career.
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 often find they have more scheduling freedom, as some of the required classes are offered virtually. This is ideal for many graduate students, as they 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. There’s no need to stick to an overly general plan that doesn’t address your specific interests.
What’s Next for Management Master’s Degree Holders?
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. Starting salaries are competitive, with median pay across industries tending to range between $50,000 and $110,000.
Those who complete a master’s 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; if that’s still not enough, some schools even offer a post-doctorate certificate. Whatever your educational goals or ambitions, you are sure to find an online program that best fits your needs.