Masters in Management Jobs & Careers
Masters in Management Jobs
The Masters in Management or Master of Science in Management (MsM) is usually made available today with a variety of areas of concentration, or "majors" attached to the program. Depending on the university, students may obtain a Masters in Management in a range of professional fields that includes, as examples, healthcare, accounting & finance, human resources, organizational development, marketing, supply chain management, criminal justice, and many other fields. Accordingly the job options are scattered through various business sectors but much like a MBA, the Masters in Management can open doors in many industries where the applicant has not had specialized training. The best managers, it is said, don't need to know the details, they need to know how to manage. What we have assembled here is a list of jobs that have relatively high growth projection rates and that are found in more than one industrial sector.
1. Administrative Services Manager is generally a mid-level management position that can be a prominent opportunity for moving to a more senior level. An administrative services manager may provide staffing and organizational oversight for support staff in information technology, accounting, executive assistance of all sorts, and may be responsible for meeting personnel needs in various departments.
2. Financial Manager with a Masters in Management may not be a CPA or have the training for complex accounting software programs but should be able to dissect any sort of financial report, make a knowledgeable analysis of the data presented, and provide a report to executive staff. A financial manager might be involved in capital allocations but that involvement is based in knowledge of cash flow and reserves. A financial manager may depend on an accounting professional for risk assessment.
3. Human Resources Manager or Director is a senior position in most organization with an increasing number of responsibilities that go beyond hiring and firing. Interview processes today at the executive level are often multi-tiered; the job of in-house training and organizational development may fall under human resources, and in some cases HR professionals will be involved in setting wage and benefit packages.
4. Marketing Manager is usually a role that falls to someone with knowledge of today's marketing tools that are increasingly found in digital environments. A Master of Science in Management degree won't provide detailed knowledge of working with the social media or internet tools, but it will teach the skills to manage marketing budgets, to analyze reports on the effectiveness of marketing campaigns, and to provide a cost-benefit analysis to management. For many executives, having a business oriented supervisor who can take the mystery out of marketing is a valuable asset.
5. Organizational Development Manager is a position that is getting a lot of buzz among executive staffing firms. Working in organizational development usually means one of two things. The position may be for a professional that can scale up a startup firm needing to grow personnel and work output quickly. Or, it can be for a company that is going through transition to a scaled back workforce and a new corporate structure that relies on offshore production or even professional services.
6. Program Manager is a job description that you'll see often in IT firms that are developing a new product, a new marketing channel, or making an internal change in data management. The job can vary greatly but the concept is usually similar across the board: a program manager takes the disparate elements within an existing corporate structure to pull together a cohesive effort centered on a new business initiative.
7. Security Manager is one of the specializations that you will find with a Master of Management in Criminal Justice, which is offered at the University of Maryland University College among other schools. The importance of management skills in this field comes with providing oversight to data management personnel, software engineers working in the firm, MIS professionals who may have a stake in protecting a widely accessed CRM database: in short, managing all of the stakeholders involved in securing business data and intellectual property and developing a security plan that meets everyone's needs.
8. Divisional Management within a corporate structure is often the golden opportunity visited upon Master of Management graduates fortunate enough to land in a business big enough to have separate operational divisions or a collection of subsidiaries. Many businesses today are in the process of realigning divisions to meet the needs of the new global economy; working in management during a transitional period is a great way to get noticed.
9. Health Care Administration is a field where there are other degrees such as the MPH and the MHA that provide training focused specifically on the industry. However healthcare is growing so rapidly and changing its methods so rapidly that management personnel are needed in any number of settings, from health delivery locations to third party payors to public sector agencies. It's a good choice for specialization with the Masters of Management.
10. Public Administration means working for the government, the nation's largest employer for now and evermore. As with most industries the need for professional specialization has increased dramatically over the last two decades as had the need for academically trained managers. The MPA degree is a popular option in graduate schools today but once again, general management skills sometimes bring a broader perspective to the public sector that can be valuable in managing the inevitable conflicts between public needs and government capacity to provide.