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Information on Master’s Degree Programs in Small Business Management

Majors Overview June 13, 2015

This article talks about master’s degree programs in small business management and their coursework, career choices, job and wage outlook, and continuing education choices.

Master’s Programs in Small Business Management

Students enrolled in Master of Business Administration (M.B.A.) programs can gain management skills. The primary focus of a specialization in small business management is on managing small- to medium-sized businesses; these include entrepreneurial endeavors and family businesses. Practical experience is available through many programs; in some, students are allowed to customize the program in accordance with their individual needs, such as technology or start-ups. The only criterion for admission to these programs is a bachelor’s degree from an accredited school. Most students complete an MBA program in about two years.

Coursework

An MBA degree program entails numerous regular business courses, such as management, financial and managerial accounting, data analysis, and business law. Core coursework may cover courses specific to the small business management emphasis such as:

•Using the Internet for new small businesses
•Technology and innovation in entrepreneurship
•Strategies for family businesses
•Starting new ventures
•Entrepreneurship and small business management survey
•Structuring, financing, and planning a small business
•Entrepreneurialism processes
•Change and design in the organization

Career Choices

Small business managers can enjoy many opportunities, both working for themselves or others – they can buy franchises, use the Internet marketing or run the family farm. They may choose from possible career areas such as:

•Entertainment
•Computer repair
•Hospitality
•Retail business

Job and Wage Outlook

Over the 2012 – 2022 decade, a 12% job growth rate has been predicted for administrative services managers, also called business office managers (U.S. Bureau of Labor Statistics). Job prospects for these professionals often vary with the relative strength of the economy. In May 2013, administrative services managers brought in an average annual wage of $81,080, with most of these professionals earning from $44,850 to $145,100.

Continuing Education Choices

Program graduates may seek continued education by obtaining professional certifications offered through two agencies. The National Association of Business Management Professionals (NABMP) offers the Certified Business Management Professional (CBMP). The Association of Professionals in Business Management (APBM) offers a Certified Business Manager (CBM) credential. Individuals must complete 20 Continuing Professional Education (CPE) credit hours every year in order to renew certification. The renewal policy has come into place only after 2010. Passage of the exam is a requirement for certification from either group.

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1 Program(s) Found
  • Full Sail’s curriculum combines elements of creativity, art, business and life skills, technical prowess, and academic achievement.
  • Full Sail offers accelerated programs, so a degree that would normally take four years takes 24 months on average.
  • Students work with industry-standard tools and technologies, allowing them to gain practical knowledge and real-world experience.
  • Join us on Facebook, Twitter, YouTube and Instagram to interact with our community, read about grad success, and see campus images.
  • Online Courses
2 Program(s) Found
  • Designated as a 2015 Military Friendly® School by Victory Media, publishers of G.I. Jobs®.
  • Each program is designed to instill the knowledge, ethical values, and interpersonal skills of professional practice and to foster values of social responsibility.
  • Offers several flexible learning options, including a blended format that combines campus and online learning.
  • Several scholarship opportunities are available for students who qualify.
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Financial Aid
  • Transferable Credits
3 Program(s) Found
  • Available business concentrations include Accounting, Economics, General Management, Marketing, and Human Resource Management.
  • Ranked among the Best Online MBA and Online Graduate Business Programs in 2016 by U.S. News & World Report.
  • Programmatic accreditation provided by the Accreditation Council for Business Schools and Programs (ACBSP).
  • Regionally accredited by the Southern Association of Colleges and Schools Commission on Colleges (SACSCOC).
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  • Makes it possible for students to earn a bachelor’s degree in 2.5 years or an associate’s in 1.5 years by providing a year-round schedule.
  • Offers externships and clinical experience that help students prepare for life after they graduate.
  • Has 10 campuses across the mid-Atlantic, plus online degree programs.
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
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