What is a Masters’ in Management?

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Updated August 4, 2020

The number of students who enroll for Master's in Management (MiM) degrees has increased over the past few years. This has been brought about by the changing perspective among students who feel that graduate degrees do not give them perfect platforms for career advancement. Many schools are currently offering master's degrees in management to help students open doors to more jobs.

Resource: Top 30 Ranked Affordable Online Master's in Management

What is a Master's Degree in Management?

A Master's in Management degree is far much different from an MBA. Unlike an MBA, Master's in Management does not require applicants to have additional years of work experience. It offers advanced managerial experience to those who graduate with bachelor's degrees. This management program was created as a more affordable alternative to MBA degrees.

Course Programs for MiM

People who enroll for Master's in Management will cover a wide variety of topics over the course of 12 to 15 months. The course length is divided into four terms. Term one has about five subjects common to all students. Term two has six specialization courses in management. The third term involves a three-month internship program in a relevant field. The fourth term is dedicated to research and writing dissertations.

Subjects Covered

The first term usually consists of eight topics, from which students can choose any five. They include marketing management, applied business research methods, social responsibility, organizations and their cultures, advanced business structures, corporate responsibility, accounting and management of resources.

The second term involves six of the following modules;

  • Globalized communication systems
  • Leadership
  • Entrepreneurship
  • Human resource management
  • International project management
  • Strategic management
  • International strategic marketing

Application Requirements

Applicants are required to submit a variety of documents to enable universities assess their qualification levels. The documents may include the current resume, GRE results and undergraduate transcripts. One may also need a personal essay and a letter of recommendation. Some universities may charge an application fee.

The resume should list all the educational and professional achievements, including computing skills. The essay should summarize all the career objectives.

Jobs for MiM Graduates

People with Master's in Management can do almost any job. They can work in leadership positions at the highest levels in a wide range of industries. Such positions may include presidents, CEOs and directors. Graduates can also work in supervisory roles.

A Master's in Management typically gives individuals the knowledge and skills to make decisions, solve conflicts and improve team effectiveness. These set of knowledge and skills allow them to work in any company they would wish to go to.

Benefits of MiM

One of the major advantages of a Master's in Management degree is that it enables people to advance their business knowledge immediately after graduating with a bachelor's degree. Other masters programs such MBAs often require some work experience. MiM topics are internationally inclined. This enables students to get a comprehensive international study experience. It also allows them to form worldwide partnerships. Such partnerships can enable them get insights from business leaders worldwide.

Pursuing MiM will give you an opportunity to invest in yourself and open more doors for success. The good thing about this program is that it is cheaper, more convenient and takes a shorter period to complete. You can pursue a Master's in Management degree in major state universities across the US.

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