Technology management involves evaluating technology-based business solutions as well as handling challenges businesses face when dealing with intellectual property, marketing new products and ensuring safety in the workplace. Master's degree programs in technology management teach students various methods of improving business performance where technology-based business solutions are appropriate. Prerequisites include a bachelor's degree, previous engineering or industrial technology education, as well as Graduate Record Examinations (GRE) scores. Programs generally last 1-2 years.
Master's Degree in Technology Management
Some master's degree programs in technology management may consider applicants with degrees from majors outside the fields of engineering and industrial technology if candidates have relevant work experience.
The curriculum for these programs focuses on big-picture technology-based business solutions, and they typically combine business coursework with studies in product development and technology. Some programs offer students opportunities to participate in practicum projects for real-world experience. Projects could include testing marketing tools, implementing new products or analyzing manufacturing systems. A student may also be required to write and defend a thesis. Some program specializations that are available a telecommunications, industrial development, manufacturing, and facility supervision. Courses within the program could include:
- Wireless communications
- System analysis
- Industrial control systems
- Quality concepts
- Workplace safety
Employment Outlook and Salary Info
Graduates are usually qualified for managerial positions with production companies, technical enterprise businesses, manufacturing industries and telecommunication companies. They can also seek employment with government organizations, such as city departments of transportation or health and safety commissions. According to the U.S. Bureau of Labor Statistics, computer and information systems managers were projected to see a 15% increase in employment from 2014-2024, which is faster than average. The median wages for these workers were $131,600 in May 2015.
Graduates can keep up with changes in the field throughout their careers by completing graduate certificate programs in strategic or information technology management. An individual interested in research or academia can pursue a doctoral degree in technology management.
Given the increasing significance of technology in our day-to-day lives, as master's degree in technology management can open the door to a variety of different, rewarding careers. Students in these programs will learn how to apply technology and computer science to business issues.