In today’s fast-paced world, a masters in management can be a significant step towards advancing your career. In this article, we’ll explore the benefits of pursuing a masters in management, the timeline and curriculum of programs, admission requirements, information for international students, post-graduation salaries, and the best programs for masters in management in the US.
Contents
Benefits of Pursuing a Masters in Management
Here are some of the benefits of pursuing a masters in management.
Diverse Managerial Skills
Management is a field that covers a wide range of topics in the business world, so earning a master in management could be very beneficial to teach you the required skills to thrive in your career. A masters in management program will focus on teaching you management principles, tools, and techniques. In addition, it will help you enhance critical skills such as strategic thinking, problem-solving, communication, and leadership. With this set of diverse skills, you wouldn’t be bound to work in a specific industry. Graduates with a masters in management, can work in different industries of their choice since their skills are wanted in most industries. For example, graduates with a masters in management degree can pursue different careers, like human resource manager, operations manager, and entrepreneur.
Gain Real-World Experience
Several programs require students to complete internships, consulting projects, and case studies as part of the program. These hands-on, practical learning techniques allow students to apply theoretical concepts to real-world business challenges, as it gives them a chance to gain valuable experience that would make their resumes standout. This makes a master in management a worthy investment, since it gives students a competitive advantage over other candidates when applying for positions in the field of management.
Timeline and Curriculum
The timeline and curriculum might vary for each program. However, a masters in management can be completed between 10 and 16 months. Some universities offer students the option to complete the program over longer periods of time or even online. That’s a great option for students that have other commitments that would prevent them from committing full time to the program. For example, graduate students at Harvard University have up to 5 years to take the courses required to complete the degree. In addition, the curriculum at most of the masters programs are designed to allow students to learn the main principles and theories behind management and then give them the chance to apply them in real life.
Requisites and Admissions
Different masters programs might have different requirements, but most universities expect certain common requirements. Applicants applying to a masters in management program in the US are expected to have a Bachelor’s degree from an accredited university or a 4-year equivalent that is accepted by the program. Some programs accept diploma programs, but it’s not very common. Although a lot of masters programs don’t require applicants to have several years of experience, applicants are usually expected to submit a resume that reflects the applicant’s skills and experience. Also, many programs ask applicants to submit a statement of purpose along with some essay questions that revolve around your goals and interest towards a master in management. Additionally, besides submitting your application, you should expect the university you are applying to ask you for one or more letters of recommendation and a GRE or GMAT score.
Masters in Management for International Students
International students that come from countries that don’t speak English as their first language are expected to submit TOEFL or IELTS scores to demonstrate their ability to speak the English language.
Master in Management Post-Graduation Salaries
Salaries for graduates with a masters in management degrees may vary, since graduates have the flexibility to work in different industries. This means different industries have different average salaries. Nevertheless, graduates with a masters of science in management earn an average salary of $95,086 per year., and the estimated total pay including additional pay is $141,176.
Best Programs for A Master in Management in the US
New York University (NYU) Masters in Management and Systems
NYU offers a unique masters in management and systems program that is considered to be one of the best programs in the US. This program meets the standards of a STEM program according to the qualifications set by the U.S. Department of Homeland Security. By attending this program, international students holding an F-1 visa that are graduating from a STEM program are allowed to legally work for up to 36 months in the US through their Optional Practical Training (OPT).
University of Southern California (USC) Master of Management Studies
USC Marshall School of Business offers the master of management studies program for students that want to further expand their knowledge in the management field. In addition, it is focused on helping students that already attended a 2-year MBA program pursue a specialization that they are interested in.
Massachusetts Institute of Technology (MIT) Master of Science in Management Studies
MIT’s Master of Science in Management Studies program complements an MBA or equivalent master’s degree from one of MIT’s partner or affiliate schools across the world. In addition, recent graduates from MIT’s partner schools across the world can receive a masters of science degree within only 9 months from MIT. Similar to NYU’s program, this program is considered a STEM program, which allows international students to work for 36 months in the US after graduating.
Conclusion
In conclusion, pursuing a master in management in the US is a great step that will help you advance in your career. A master in management has an advantage over other master degrees because it wouldn’t limit you to work in one industry. In fact, a master in management gives you the opportunity to choose which industry you want to work in, since management positions are demanded in almost all industries. Ultimately, choosing which program to join is up to you, depending on which one matches your needs. We listed for you some of the best masters in management programs to help you decide.
