Whether you want to advance your career or explore different opportunities within the business world, there are many reasons to consider a Master of Science in Management program. Not only does earning a master’s degree in management increase your skills, but it also shows potential employers your dedication to learning more within your field. Additionally, having a graduate degree may be a qualification for higher-level positions.
Faulkner University, based in Alabama, offers a range of online programs for adult learners, including a Master of Science in Management program. Here, we discuss several rewarding career paths for individuals with a master’s degree in management.
What Will You Learn in a Master of Science in Management Program?
Earning a master’s degree in management isn’t just about status. It shows the professional has increased their knowledge of the field and has the skills necessary to take on more advanced roles. Some competencies developed in these graduate programs include:
- Analytical thinking
- Organizational behavior
- Business agility
- Business strategy
- Interpersonal skills
- Finance
- Information systems
- Legal concerns
- Marketing
- Employee development
- Knowledge of technology trends
- Understanding of traditional and innovative management theory
- Application of knowledge in real-world situations
You also may develop additional skills for pursuing specific types of careers in more focused graduate programs. For example, Faulkner University offers the Master of Science in Management program with an emphasis on Business Analytics or Information Technology for students interested in these fields.
Master of Science in Management Jobs to Consider
From finance to healthcare to retail, every industry has some form of management. Therefore, opportunities for those with master’s degrees in management are abundant. According to the U.S. Bureau of Labor Statistics, employment in management positions is expected to grow faster than the average for all jobs through 2032, with approximately 1.1 million openings each year. Some career paths to follow include:
Project Manager
Project managers handle the various tasks of organizing projects. This may include creating teams, distributing resources to those teams, and performing risk assessments. The most effective project managers display great leadership, communication, and problem-solving skills — abilities strengthened in a master’s in management program.
Median annual salary for project management specialists: $95,370.
Financial Manager
Financial managers may work at financial institutions or in the accounting departments of other businesses. They manage budgets and solve cash flow issues. Financial managers also guide companies in making investment decisions.
A similar role is the investment manager. These professionals may serve businesses or individuals, helping them yield the highest possible returns on investments and providing market advice.
Median annual salary for financial managers: $139,790.
Human Resources Manager
Becoming a human resources manager can be one of the most rewarding decisions. These professionals manage employee-related tasks, such as payroll, recruitment processes, and learning and development. Earning a Master of Science in Management can provide you with key skills of human resources managers, such as budgeting and decision-making.
Median annual salary for human resources managers: $130,000.
Operation Research Analyst
Operation research analysts leverage data and mathematical and logistical skills to identify problems within a business and develop the best solutions. They may help business executives allocate resources to departments, help set prices, or oversee supply chain efforts.
Median annual salary for operation research analysts: $85,720.
Information Technology (IT) Manager
IT managers — also called computer and information systems managers — manage technology-related activities at an organization. They set goals for technology use at a business and implement systems toward achieving those objectives. They determine which hardware and software to use, as well as security measures necessary to protect data and systems.
Median annual salary for computer and information systems: $164,070.
Earning a Master of Science in Management is a great first step toward these positions and more. Individuals may require additional certifications, licenses, and qualifications to apply for specific roles.
Enroll in the Master of Science in Management at Faulkner University
Enhance your career opportunities by earning a master’s degree in management. Faulkner University, based in Alabama, makes it easy for busy adult learners to pursue a graduate degree with our online Master of Science in Management program. Request information to learn more about this and other online master’s degrees, or apply today.