Information on Master of Science (MS) Degree Program in Business Management
Majors Overview May 30, 2015Get information about Master of Science (M.S.) degree programs in Business Management and their education requirements, coursework, career choices, job and wage outlook, and continuing education choices.
Master of Science (M.S.) Programs in Business Management
Students enrolled in a Master of Science (M.S.) degree program in Business Management are offered training in corporate planning, leadership techniques, business communication, and decision making. Numerous specializations may be available, varying by school. Students may complete the programs in two years along with capstone projects and/or internships before they graduate.
Education Requirements
Admission criteria typically require incoming students to hold a bachelor’s degree in accounting or business. In some schools, students may also be required to submit scores from the Graduate Record Examination (GRE) or the Graduate Management Admission Test (GMAT). Submission of transcripts and meeting of a minimum grade point average are also among typical requirements.
Coursework
Coursework is devised to train students to assume high-level management positions and includes the exploration of topics such as managerial accounting, human resource management, and marketing. They learn to plan, organize, communicate effectively and assume leadership roles.
Students enrolled in business management master’s degree programs usually complete the curriculum in two years and log 30 semester hours of coursework. Participation in internships is a requirement in most programs and aims at imparting real-world experience and establishing potential networking opportunities for future employment. Schools may also expect a student to opt for a specialization within the program, such as international business, banking or project management. Core coursework may cover topic areas such as:
•Business communication
•Strategic planning
•Decision making
•Finance
•Corporate social responsibility
•Organizational accounting
•Marketing
•International business
•Accounting
•Effective leadership
Career Choices
Program graduates are trained to seek upper-level management positions across several industries. Varying by internship experience and specialization, they can seek opportunities in the marketing, finance, or planning departments of various industries. They may aspire for possible job titles such as:
•Branch manager
•Corporate executive
•Business consultant
•Division director
•Marketing analyst
Job and Wage Outlook
Those with a master’s degree in business management working in the health care industry brought in an average annual wage of $78,551. Those in aerospace and defense, information technology services, education, financial services, and manufacturing earned respective average annual wages of $92,347, $117,026, $51,282, $84,000, and $83,844.
Continuing Education Choices
Program graduates can earn Ph.D. degrees in Business to pursue careers in academia or research. Individuals can explore theories and business models in marketing, economics, finance and management. Their findings may be in professional journals, and they could seek consultant or university-level teaching jobs.
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