Master's programs in industrial management examine the managing of finances, estimating of material costs, ensuring of safety standards and planning of projects in manufacturing industries. Students learn to evaluate supply chains, and they might complete business and/or project plans.
The industrial management program fields include a Master of Science (MS) and Master of Business Administration (MBA). Graduate Record Examination (GRE) or Graduate Management Admission Test (GMAT) scores are required for entry into this program. Students may be required to submit business and/or project plans in order to graduate.
Master's Degree Programs in Industrial Management
Applicants to these graduate programs must submit proof of a bachelor's degree in a related field, such as engineering technology or industrial education. Industrial management coursework covers principles and philosophies of management systems, economics and cost accounting. Students explore areas such as manufacturing systems, safety and engineering. Common courses include:
- Organizational dynamics
- Production control systems
- Quality systems
- Industry issues
- Human factors
- Legal aspects of the industry
Popular Career Options and Salary Possibilities
Graduates should be prepared for leadership, managerial and supervisory positions with quality assurance, safety or project management departments in industrial organizations. Individuals might find positions as:
- Engineering managers
- Industrial production managers
- Plant superintendents
- General managers
According to the U.S. Bureau of Labor Statistics (BLS), general and operations managers earned a mean salary of $123,880 in May 2018 (www.bls.gov). The BLS also reported in May 2018 that industrial production managers earned a mean salary of $113,370.
Graduates from a Master of Science program in industrial management might pursue a Ph.D. in Technology Management. These programs offer studies in technologies that influence industries and provide students with an understanding of business and managerial perspectives. Ph.D. graduates might be qualified for academic and/or research positions within colleges and universities.
Students who earn an MBA in Industrial Management will learn about business management practices and how they shape and impact the businesses' environment and settings such as legal aspects of a business and organizational dynamics. Upon graduation students can find positions in careers such as engineering managers, general managers and plant superintendents.