Is a Master’s in Management Worth It?

what can you do with a masters in management

Many working professionals and new college graduates could benefit from a Master’s in Management – they just don’t know it yet. Unlike the MBA (which is designed for students who have an undergraduate degree in business and several years of work experience), the Master’s in Management is perfect for just about anyone – even those who don’t think of themselves as businesspeople. You can get an MS in Management as:

  • A new graduate with no work experience
  • A working adult in a non-business field
  • A non-business professional moving into management
  • Professionals transitioning to independent entrepreneurship

An MBA may not work for any of these people, but Master’s in Management jobs are plentiful. In fact, a Master’s in Management can help prepare you for managerial positions in just about any field (and with an online MIM program, you can keep working while getting your degree). So is Master’s in Management worth it? If you want to manage people and projects, it sure is.

Master of Science in Management Jobs

The best part of an MSM program is that it provides all of the knowledge and understanding of management that an MBA would, without the emphasis on finance and economics. It’s strictly leadership. That means everything you learn in a Master’s in Management – business analytics, marketing, consulting, communication – will be directly applicable in pretty much any leadership setting, from education to healthcare to construction. On average, the length of the master’s in Management program is eighteen months. However, it can be as short as one year or as long as two or three years, depending on whether you take an accelerated, full-time, or part-time program.

So what are some master’s in management jobs? Virtually anything in management – operations manager, production supervisor, project management coordinator, human resources manager, director of public relations, advertising/marketing director, or training and development manager. With a master’s in management, you can take what you already know (education and experience in your field) and add the skills necessary to move into management and administration. Master of science in management jobs are the next step in your career path – not a complete shift.

Master’s vs MBA Salary

It’s become conventional wisdom to think an MBA is where the money’s at, but it’s not the degree that matters – it’s the job you get with the degree. With that in mind, it’s obvious that MIM vs MBA salary are virtually the same. Any job you could get with an MBA, you can get with a Master’s in Management. Professionals with a master’s degree increase their salary potential significantly, not because they have a degree, but because their degree qualifies them for high-paying master’s in management jobs.

The biggest advantage the master’s in management has over the MBA, in fact, is that the MBA traps you in corporate or financial sector, while the MIM brings you to the managerial level in any sector. According to the BLS, managerial salaries are high across the board:

  • Architectural and Engineering Managers: $137,720
  • Construction Managers: $91,370
  • Human Resources Managers: $110,120
  • Medical and Health Services Managers: $98,350
  • Sales Managers: $121,060
  • Training and Development Managers: $108,250

Of course, master’s in management salary varies for each applicant, and is determined by how much experience the graduate has acquired between going to school and on the job experience.

So is Master’s in Management worth it? Yes, and its huge flexibility is exactly what makes it worth it. No matter which field a graduate student ventures into, the Master’s in Management degree will provide the means to become a great leader and demonstrate strong communication skills in the workplace.

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