An MBA in management is one of the most broad-focused – and least limiting – graduate business degrees. Unlike a finance MBA, which will tend to land you either in banking or in a corporate finance department, or an MBA in healthcare, which will stream you into a job at a healthcare institution in most cases, the management MBA is a degree that can be applied in just about any type of company on earth. It’s a particularly good degree to look at if you have some experience managing a particular function or business unit, and would like to move up to a more senior position where you oversee many different business activities. It’s quite possible to wind up having a group of people with MBAs in specific areas like marketing or human resources reporting to you as a cross-disciplinary executive with a management MBA.
Management MBA graduates can be found doing everything from running a small local business to acting as CEO of large multinational corporations. The degree can offer a high degree of freedom to move into a business in manufacturing, marketing, real estate, technology or other category. Your master’s program in management will generally be designed to give you high quality skills in managing people, improving operations, and organizing the work of various departments to ensure that the profit goals of the company are being met. You can also potentially use this knowledge to start your own business if you prefer. Should you decide to go the entrepreneurial route, you may have a better chance of getting bank loans or investment commitments with an MBA management than you would without an advanced business degree.
Creative Business Skills
This degree can broaden your skills in communication and critical thinking. Top managers are called upon to look at information about their own companies and competitors, and use a great deal of creativity to come up with new solutions to business problems as they arise. They also need to be good at presenting their ideas to other top managers in order to get approval and, often, funding for the new products they want to create. Crisis management is another key knowledge area, since all businesses encounter new problems each year. Above all, they need to be good at managing people, to make sure their employees – from the junior level right up to the top – are as productive as possible.
Courses For The Managment MBA
Many good MBA programs in this area present you with a series of hypothetical problems and opportunities for a business, and require you to come up with a best course of action you can defend effectively. Key course you’ll take in most management MBA programs include:
- Financial Accounting
- Management of Marketing
- Strategic Human Resources Management
- Managing Change
- Leadership Techniques
- Global Business
- Analysis of Organizations
- Management Ethics & Legal Issues
- Competitive Analysis
- Business Technology / Decision Support Systems
- Managing in Cross-Cultural Environments
A Wide Range of Salaries
Salaries vary tremendously for MBA management graduates. While some small company managers will earn under $110,000 per year, it’s quite possible to leverage this degree towards a position in the most senior ranks of a large company, where salaries can run in excess of $200,000. per year (Source: Payscale.com).
A master’s in business management generally takes two years of full-time study, like most other MBA programs. There’s a huge variety of schools that offer this kind of degree online. Many offer accelerated programs that can get you finished in less than two years if you work as quickly as possible. A few schools also offer this and other MBA’s as as one-year “completion” programs if you already have a bachelor’s degree in business.