If you want to become a management guru, a Masters degree in management is necessary to develop strong business communication skills. It is worth the study for a successful career in international businesses and management. Graduate courses in management provide you with the breadth and depth of knowledge and equip you with international expertise in the main areas of business such as strategy, marketing, finance and human resource management. By combining your first degree with a postgraduate program, your career options immensely increase with emerging new opportunities.
With the wide array of universities worldwide offering degree courses in management, there are various elements to consider before actually enrolling yourself into a graduate program your academic and work background, quality and reputation of the university, cost, level of support provided by the university and employability rates. Also, some courses may offer credits to other higher programs such as an MBA.
Undertaking a graduate program in management is not watertight. It's a field of study where you should ideally share and feed off others in the learning process.
While an MA or MSC in Management benefits graduates from any discipline, this program is ideally meant for candidates who have their undergraduate degrees in engineering, social sciences, arts and humanities and other non-business degrees. An MSc in Management is essentially designed for recent graduates. However, irrespective of whether you are a fresh graduate or have years of experience in business or management, a postgraduate course is always helpful in further progressing your career. Most top universities require a good first degree or equivalent qualification. In some cases, if you do not have a first degree in your undergraduate degree, relevant work experience suffices.
Depending on the specialization you choose, the entry requirements vary. For instance, graduate courses in international management and finance require work experience and prospective students are expected to have worked in accounting and finance. However, some universities, like Queen Mary in London, offer courses designed for students who have less technical experience. Applicants for Credit Management and International Business Management, and Human Resource Management can overlook prior experience, but you must have a good first degree in the social sciences. Candidates for International Marketing Management and Advertising and Marketing require a recognized first degree in a subject besides marketing specialization. Prospective students for MSc Management need a first degree or equivalent in any subject other than business and management.
Students from non-English speaking countries wanting to move to an English-speaking country also need to clear the Test of English as a Foreign Language (TOEFL) or the International English Language Testing Service (IELTS).
Skill sets you will acquire
Masters degrees in management both MSc and MA- are recognized postgraduate qualifications valued by employers both in private and public sectors. In addition, the courses provide a basis for postgraduate research. Graduate courses enhance your professional skills, develop personal and interpersonal skills related to management and provide support for career planning. A graduate degree in management is also a great stepping stone to postgraduate research.
In the contemporary business landscape, a Masters program in International Management with Finance tremendously helps. This fast evolving discipline equips graduates to handle global business challenges reflecting on a wide range of contemporary practices. A Masters in International Management and Finance provides professional training to those who want to specialize as financial economists and econometricians in governmental organizations, financial institutions and multinational companies. The course emphasizes the study of international management with a particular focus on finance in a global context. Graduates of this course learn the application of theoretical concepts and evaluate alternative theories and practices.
While an MSc in Management includes compulsory modules like quantitative methods, understanding organizations, accounting for managers, marketing management, international business management, research methods, knowledge management, operations and innovation management; the MA program deals with strategy, organization behaviour, research methods in business and management, business economics and accounting, and operations and supply chain management. Both masters degrees require a final submission of a dissertation.
Post qualification careers
A graduate course in management is an excellent preparation for a long-term career in management, consultancy, the financial sector or any other related industry. Employers are always interested in flexibility, adaptability and creativity and agraduate will always overshadow their non-graduate counterparts in the eyes of a potential employer.
As a management graduate, you could just about secure a job in any kind of industry, as management is the building brick of any reputed organization. If you graduate from a top management school, opt for international companies like DaimlerChrysler or Renault Nissan in the automobile sector; HSBC or JP Morgan in banking, finance and insurance; cosmetics and luxury companies like Estee Lauder or LVMH; e-commerce and IT companies like T-Mobile; media and publishing as well as NGOs.
A management degree will always put you in good stead for a dynamic career with lucrative opportunities in fields of business and management. Not only will your career get a jump-start if you are a management graduate, but be sure to earn as much as bonuses of 7,000 - 10, 000 pounds per annum depending on the company and work profile you have. Now, that indeed is all about money, honey!
There's no mention of salaries in this piece which is probably ok because management salaries vary so greatly, but I wonder if there is any opportunity to have a sentence or two on bonuses?