Information on Master’s Degree Programs in Industrial ManagementMajors Overview June 8, 2015
This article talks about master’s degree programs in industrial management and their education requirements, coursework, career choices, and continuing education choices.
Master’s Programs in Industrial Management
Students enrolled in master’s degree programs in industrial management are taught engineering and business courses, focused on the organization and operation of industrial processes. They may pursue job opportunities with government agencies, manufacturing firms, and shipping companies. Coursework incorporates classes in systems analysis, industrial facilities management, and international trade. Students are taught about managing the research and development process, implementing government regulations and developing industrial processes. They are also usually required to complete a research-based thesis supervised by a faculty advisor, though comprehensive examinations are available in some master’s programs as an alternative capstone experience.
Admission criteria typically require incoming students to hold a bachelor’s degree in a related field such as industrial education or engineering. An interview with an admissions counselor may be part of the admission process at some schools.
Coursework includes issues such as accounting and transportation related to the production of goods, apart from research courses for the thesis. Core coursework typically covers topic areas such as:
•Human factors in engineering
•Management information systems
•International technology management
Program graduates may seek careers in finance, manufacturing, and transportation occupations such as:
Job and Wage Outlook
Over the 2012 – 2022 decade, a negative job growth rate of two percent has been predicted for industrial production managers (U.S. Bureau of Labor Statistics). In May 2012, these professionals brought in an average annual wage of $89,190; the highest 10% earned over $150,020. Program graduates may also seek careers as general and operations managers; in May 2014, general and operations managers brought in an average annual wage of $117,200 (BLS).
Continuing Education Choices
Program graduates may seek continued education by earning an additional professional or graduate degree. For instance, armed with a Juris Doctor (J.D.) Law degree, they may pursue consultant positions with manufacturing or engineering companies.