Degree Overview: Master of Business Administration (MBA) Degree in Industrial Management
Majors Overview May 19, 2015Get information about Master of Business Administration (M.B.A.) degree programs in Industrial Management and their educational requirements, coursework, career choices, wage outlook, and continuing education choices.
Master of Business Administration (M.B.A.) Programs in Industrial Management
Schools commonly offer industrial management studies with Master of Science (M.S.) programs rather than as a concentration area with the Master of Business Administration (M.B.A.) program. Students enrolled in industrial management programs involve themselves in examining the management of finances, estimation of material costs, planning projects and ensuring safety standards in manufacturing industries. Students will learn about evaluating supply chains, and projects and/or business plans may be completed by them.
Educational Requirements
Admission criteria typically require incoming students to hold a bachelor’s degree from an accredited school in a related field, such as industrial education or engineering technology. Graduate test scores, such as GMAT or GRE, a statement of the applicant’s personal goals, letters of recommendation, a career goal statement and a resume are requirements for admission to most programs.
Coursework
Coursework covers the philosophies and principles of cost accounting, management systems, and economics. Students explore engineering, manufacturing systems, and safety. Core coursework may cover topic areas such as:
•Industry issues
•Quality systems
•Production control systems
•Organizational dynamics
•Legal aspects of the industry
•Human factors
Career Choices
Program graduates can seek supervisory, leadership, and managerial positions with project management, quality assurance, or safety departments in industrial organizations. They may choose from popular job options such as:
•Industrial production managers
•General Managers
•Engineering managers
•Plant superintendents
Wage Outlook
In May 2012, general managers brought in an average annual wage of $95,440, while industrial production managers earned $89,190 (U.S. Bureau of Labor Statistics).
Continuing Education Choices
Graduates from the Master of Science (M.S.) program in Industrial Management can pursue a Ph.D. in Technology Management. These programs provide students with an understanding of managerial and business perspectives and offer studies in industry influencing technologies. Research and/or academic positions within universities and colleges are available to Ph.D. graduates.
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