Essential Information
Master's degree programs in business management are designed to help students develop their managerial and leadership skills so that they can pursue management and executive positions in corporations and other businesses. Topics of study include organizational behavior, management theories and resources and personnel management. Students must fulfill an internship requirement prior to graduation. In order to apply, students must hold a bachelor's degree in business or a related field.
Master's Degree in Business Management
These programs are typically comprised of a mix of traditional core coursework and studies in emerging areas in the field, such as global entrepreneurship, new media, sustainability, and social responsibility. In addition to theoretical studies, some programs require students to participate in a computer-simulated management project, which is designed to test their financial, strategic and quantitative knowledge. Possible course titles include:
- Information and knowledge systems
- Business decisions economics
- Risk management
- Contemporary issues in global business
- International and corporate finance
- Diversity and global economy
Employment Outlook and Salary Info
Graduates are prepared for positions of executive leadership in a wide variety of industries and organizations. The U.S. Bureau of Labor Statistics (BLS) expects job growth of 6% for top executives from 2018-2028 (www.bls.gov). The BLS found that general and operations managers made a median annual wage of $100,930 in 2018. Chief executives earned a median annual salary of $189,600 in the same year.
Continuing Education Information
According to the BLS, participating in professional development opportunities, such as training programs offered by the company or external seminars and conferences, can facilitate career advancement. For instance, upper-level managers may advance to positions as executive vice-presidents, chief executive officers or chief operating officers. Executives may also enroll in programs designed to increase their expertise in a particular area of interest, such as accounting or engineering.
Overall, a master's degree in business management provides interdisciplinary business and leadership training that graduates can apply to management or executive positions in any industry.
