Get information about Master of Management (M.M.) degree programs and their education requirements, coursework, career choices, job and wage outlook, and continuing education choices.
Master of Management (M.M.) Programs
Students enrolled in a master’s degree program in management are offered broad coursework that includes subject areas such as human resource management, marketing, employee motivation and workplace safety. Schools typically offer students numerous concentration options in subjects such as marketing management, communication, and international management. Students usually take about three years to complete a Master of Management (M.M.) degree that incorporates an internship.
Admission criteria typically require incoming students to hold a business-related bachelor’s degree, in addition to meeting grade point average requirements and turning in scores from the Graduate Management Admission Test (GMAT).
Coursework in a master’s degree program in management spans 30-36 semester units that students typically take about three years to complete. Individual students are often allowed to customize the coursework according to their needs. Varying with students’ current employment and prior experience, they get networking opportunities and real-world experience through an internship. Coursework covers business-related topic areas such as business law, ethical decision making, workplace security, global business values, employee motivation and corporate crime. Students can expect to become adept at applying strategy to their thought process to ensure company-wide empowerment and effective decision-making. Core coursework may include topic areas such as:
•Human resource management
•Ethical decision making
•Leadership and motivation
Program graduates may seek work with a major corporation, opt for work as government consultants, or become entrepreneurs. Career opportunities can vary by the concentration option chosen by students. They may choose from possible job titles such as:
•International management director
•Marketing strategy consultant
•Overseas operations supervisor
Job and Wage Outlook
Over the 2012 – 2022 decade, a job growth of 12% has been predicted for general and operations managers (U.S. Bureau of Labor Statistics). In May 2014, these professionals brought in an average annual wage of $117,200. During that year, the highest wages paid to these professionals were in the states of Connecticut, Rhode Island and New Jersey.
Continuing Education Choices
Program graduates may seek various business postgraduate certifications to enhance their skills and knowledge in fields such as effective leadership, project planning, quality management and cost management. Alternatively, they may earn a Ph.D. in Management in order to pursue careers in research or academia.