Best Online Master’s in Management Programs of 2021

portrait of Stefanie Grodman
by Stefanie Grodman
Published on November 4, 2021
Edited by Rebecca Long

BestColleges.com is an advertising-supported site. Featured or trusted partner programs and all school search, finder, or match results are for schools that compensate us. This compensation does not influence our school rankings, resource guides, or other editorially-independent information published on this site.

Ready to start your journey?

Management is a broad discipline, but most master's in management programs equip learners to oversee business operations in various capacities. In these programs, students learn how to strategize business practices, lead employees, serve clients, and network with business personnel, such as vendors or consultants.

Like any graduate degree, a master's in management can be a significant financial investment. According to the National Center for Education Statistics (NCES), the average yearly cost of a graduate degree from a public university was about $12,170 during the 2018-2019 academic year. The mean cost at a private university was roughly $25,930. However, students who enroll in an online program may be able to save on costs.

Earning a master's in management can also be a substantial time commitment, although exact program length depends on the institution and program. Some accelerated programs might take just one year to complete.

Most full-time management students complete their degrees in about two years. Part-time students generally take longer to finish this degree. Online master's programs provide a greater degree of flexibility and may be a more realistic option for working students.

Students generally enter these management and business degree programs because they are interested in pursuing careers in related fields. Graduates can find employment in a diverse array of positions, niches, and industries. Many management careers are also lucrative. For example, according to the Bureau of Labor Statistics (BLS), human resources managers earned a median annual salary of $121,220 in May 2020.Sales managersearned a median salary of $132,290.

Many jobs in this field are also in high demand. For example, the BLS projects 17% job growth for financial managers between 2020 and 2030 — a much higher projected rate of growth than the 8% average across all occupations.

What Can I Expect From an Online Master's in Management Program?

Students interested in pursuing a master's in management should have strong leadership, collaboration, problem-solving, and interpersonal skills. Generally speaking, management roles require professionals to maximize efficiency and manage various projects and operations. However, management professionals must also develop a practical understanding of business theory, finance, and marketing, and collaborate with specialists in these fields.

Master's in management programs typically consist of 30- 38 course credits. Although accelerated one-year programs are available, this degree typically takes two years of full-time study or 3-4 years of part-time study to earn. Some programs may require students to complete a set number of internship hours, although many students choose to supplement their coursework with an internship voluntarily to gain hands-on enrichment and experience.

Because management is a relatively broad area, many students pursue specific concentrations to align their coursework with their career interests. Some common concentrations include:

Still Looking for the Right Fit? Discover Similar Programs.

What Courses Will I Take in an Online Master's in Management Program?

Theory and Practice of Management

This course explores various theories of optimizing business management practices. Students learn about past and present applications of management strategies and learn about how various methods might materialize in the future, particularly with the emergence of new technologies.

Financial Management

Management personnel often utilize a practical understanding of finance to guide business decisions. In this course, students learn essential financial management skills like capital budgeting, risk analysis, financial statement assessment, and strategic investment practices.

Management Communication

In this course, students learn how to use written and verbal communication to persuade and engage audiences in business settings. This course details how management professionals can use writing and speaking to encourage collaboration and engage audiences both inside and outside of the organization.

Management Leadership

This course details essential strategies for leading a collaborative and efficient team. In management leadership courses, learners study the efficacy and appropriateness of different leadership styles, and explore various communication and negotiation techniques.

Business Strategy

In this course, learners analyze theories and applications of various business strategies, with an emphasis on planning, informed decision-making, and financial forecasting. Students analyze real-world applications by reading case studies and other relevant literature.

Find the Tools You Need to Get Started on Your Degree

What Are the Admission Requirements for an Online Master's in Management Program?

To enter a master's in management program, applicants must hold a bachelor's degree, though there is usually no specific area of study required. Most programs accept applicants from nearly every undergraduate major. However, an academic background in business, economics, finance, or marketing can demonstrate prior knowledge and improve an applicant's chances of being accepted into a program.

In addition to standard admission requirements, such as test scores, resumes, and transcripts, some institutions require applicants to submit personal statements in which they summarize their background, accomplishments, and goals in a brief essay. Some smaller or more competitive programs also conduct interviews, either virtually or in person, to find out more about applicants' backgrounds, abilities, and interests.

Application

To apply for graduate programs, prospective students usually submit basic information byfilling out an application. Although undergraduate programs often utilize platforms like the Common Application, which allow students to fill out their essential information and apply to multiple colleges online simultaneously, graduate schools typically have institution-specific applications available through their admissions departments.

Test Scores

Although many programs are test-optional, some schools require applicants to submit either GRE or GMAT scores. Some more competitive programs may prefer a minimumGRE score of about 318 or a minimum GMAT score of about 650.

Letters of Recommendation

In most cases, admissions departments try to assess applicants holistically. Metrics like undergraduate GPA and standardized test scores are important, but supplementary materials, like letters of recommendation, can better represent applicants' experiences, competencies, and character. Many schools require 2-3 letters of recommendation. These may be written by employers, professors, advisors, and/or supervisors.

Resume and Work Experience

Because of the practical nature of management curricula, previous leadership or industry experience can reflect well on an applicant's background and professional capabilities. Although cataloging work experienceson a resume can help applicants stand out, many individuals enter master's programs immediately after earning undergraduate degrees. Few institutions actually require applicants to have previous work experience.

Essays

Like letters of recommendation,application essays allow institutions to assess applicants' goals, experiences, values, capabilities, and personalities. Prompts may ask applicants how earning a master's degree will help them achieve their professional goals or what types of roles they hope to pursue after graduating. Many admissions professionals use essays to assess applicants' writing and communication skills.

Official Transcripts

Graduate programs require applicants to submit their undergraduate transcripts. Admissions professionals not only look at applicants' GPAs, but also assess their academic backgrounds and demonstrated areas of interest. Although some programs allow students to transfer credits, more specialized course requirements and institutional differences may prevent some prior classes from counting.

What Can I Do With an Online Master's in Management Degree?

Career Outlook

Depending on their career interests and previous experiences, graduates can use a master's in management to work in a wide variety of fields or industries, including marketing, entertainment, hospitality, finance, insurance, and consulting.

Although the job market is competitive, graduates with a master's in management can leverage their academic credentials and additional work experiences to find in-demand careers. The BLS projects that 31,800 new positions will be created for advertising, promotions, and marketing managersand 27,900 new positions will be created for sales managersbetween 2020 and 2030. Additionally, during this period, the number of jobs available for financial managers is projected to grow 17% — more than double the national average growth rate of 8%.

After graduation, many management professionals enter lucrative occupations. For example, according to the BLS, financial managers earned a median annual salary of $134,180, sales managers earned $132,290, and advertising and marketing managers earned $141,490 as of May 2020.

See where an online master's in management degree can take you. Learn more about management careers.

There will most likely be an interlink here.

Career Paths

Career name

Human Resource Manager

These managers oversee a company's human resources (HR) department, which typically specializes in hiring employees, maintaining human-centered regulations in the workplace, and managing employees' compensation and benefits. In larger companies, human resource managers might lead a larger HR team. Alternatively, in smaller companies, these professionals assume a broader range of duties. Students interested in this career might pursue concentrations or internship opportunities in HR.

Median Annual Salary (May 2020): $121,220

Administrative Services and Facilities Manager

These professionals oversee a variety of administrative duties within an organization or department and lead clerical employees. They may organize documents, oversee recordkeeping procedures, plan or enforce deadlines, and ensure that departments meet productivity or financial quotas.

Median Annual Salary (May 2020): $98,890

Management Consultant

These business management experts analyze the operations and leadership infrastructures of various organizations. They advise upper-management professionals on how they can maximize profit or efficiency. Usually, clients hire consultants from outside an organization to strategize companies' policies, budgets, and leadership actions.

Average Annual Salary (October 2021): $88,820

Advertising and Marketing Manager

These individuals collaborate with marketing teams to plan promotional initiatives like ad campaigns and product launches. Often, these professionals conduct market research and use empirical data to inform strategies. They may also negotiate marketing or sponsorship contracts with representatives from media platforms like television stations or websites.

Median Annual Salary (May 2020): $141,490

Financial Manager

These professionals manage a company's finances using sales data. They consider overhead costs and past reports to inform financial decision-making and maximize organizations' growth. These managers must also be adept at financial forecasting and risk management. Students interested in this career path might pursue a concentration in financial management.

Median Annual Salary (May 2020): $134,180

Management Not For You? Check Out These Related Careers.

Continuing Education

Most upper-level management roles do not require a doctoral degree. Many graduates with a master's in management choose to advance their careers primarily by gaining additional professional experience. However, those looking to teach business or management at the postsecondary level can earn adoctorate in business administration.

Professionals looking to advance in specific occupations or niches might also pursue professional certifications or licenses. For example, the Project Management Institute offers a PMP certificationfor project management professionals. And the Association of International Product Marketing and Management provides a certificate in brand management for marketing and PR professionals.

How Do I Choose an Online Master's in Management Program?

Cost

The true cost of a program is often one of the most critical factors that students consider when selecting a graduate school. The total tuition cost for a master's degree varies widely depending on many factors, but typically costs $23,000-$46,000. Often, students pay additional fees for technology, books, or student services.

According to NCES, the mean cost of a graduate degree was about $19,310 per year in 2018-2019. A degree from a public university was about $11,500 a year, while students attending private institutions paid more than $23,000 a year. Often, online students pay on a per-credit basisas they may not adhere to a traditional academic calendar.

Program Format

Although pursuing a master's in management can be a daunting time commitment, students can often choose a program format that is compatible with their educational goals and work obligations. This master's degree typically takes full-time students two years to complete, but motivated learners may be able to find accelerated programs. Alternatively, other learners may find that a part-time schedule is more realistic if they have to balance their studies with work or personal obligations.

Students interested in earning an online master's in management can also consider whether to pursue a synchronous or asynchronous learning format. In synchronous programs, students must attend live lectures or meetings and follow a more rigid course schedule. Asynchronous programs allow students to complete coursework largely on their own time, using resources like forums, email correspondence, audio recordings, databases, videos, and slide shows to cover key concepts.

Location

Students planning to attend in-person courses should consider the location of potential schools, and whether they will be able to reasonably commute or relocate. Students earning an online master's in management should also research whether they can complete their courses entirely online, or if there are any on-campus requirements or mandatory hybrid courses.

Accreditation

To receive institutional accreditation, schools are assessed by either regional or national accrediting bodies, which set standards of academic excellence. Specific degree programs are sometimes assessed by field-specific accrediting bodies, such as theAssociation to Advance Collegiate Schools of Business. It is important for prospective students to research schools' accreditation as employers typically look for candidates with degrees from reputable, accredited schools.

Student Support

The availability of student support programs likementorship programs, career services, tutoring resources, and alumni connections can be important. Tutoring and writing centers can solidify learners' academic understanding, and alumni networking resources and career services can help students navigate the early stages of their postgraduate careers. These programs can becrucial for online students, as remote learners do not always have the same opportunities to network with peers, administrators, and faculty members.

2021 Best Accredited Online Master's in Management Programs

Rankings compiled by the the BestColleges Ranking Team

Is your school on this list? Get the BestColleges ranking seal.

How We Rank Schools

At BestColleges, we believe a college education is one of the most important investments you can make. We want to help you navigate the college selection process by offering transparent, inclusive, and relevant school rankings.

Our rankings are grounded in a few guiding principles and use the latest statistical data available from trusted sources. Read our ranking methodology. We hope our approach helps you find the school that is best for you.

University of Florida true View School Profile Gainesville, FL

UF has operated from its Gainesville campus since 1906 and is currently a world leader in online education. Undergraduates can earn a master of science in management from anywhere without needing to visit campus. This degree is open to nonbusiness majors, and coursework can be complete in only one year.

Earning this master of science in management helps students develop and strengthen managerial skills, opening the door to career advancement and higher earning potential. Core courses include financial and managerial account, international business law, and global strategic management.

UF is regionally accredited by the Southern Association of Colleges and Schools Commission on Colleges.

Program Snapshot

Program Name: Master of Science in Management
School Status: Public
Tuition: $531 per credit (in state); $1,255 per credit (out of state)
Credit Requirements: 32 credits
Program Length: 1 year
Format: Online

Admission Requirements

GPA: 3.0 minimum required on upper-division credits
Standardized Tests: Not required

Contact the School

Request more information about this program.

University of Illinois at Urbana-Champaign true View School Profile Champaign, IL

Founded in 1867, U of I is a public research university. Among its many academic offerings is an online master of science in a management degree program. This program is well-suited for students with some relevant work experience who are interested in expanding their business management skills.

Participants complete a 24-credit business core, covering topics like managerial accounting, leadership and teams, and process management. Students round out their program by taking 12 credits of electives, which they can use to specialize in business value and project management, global business challenges, or business data management and communication.

Many factors are considered during the admissions process, including an applicant's resume, work experience, personal statement, and other credentials. Although a bachelor's degree is required, it can be in any discipline.

U of I is regionally accredited by the Higher Learning Commission.

Program Snapshot

Program Name: Master of Science in Management
School Status: Public
Tuition: $302 per credit
Credit Requirements: 36 credits
Program Length: 12-24 months
Format: Online

Admission Requirements

GPA: 3.0 minimum recommended
Standardized Tests: GRE or GMAT optional

Contact the School

Request more information about this program.

Babson College true View School Profile Wellesley, MA

Babson College — based in Wellesley, Massachusetts — is an independent, nonprofit institution specializing in business. It offers students the chance to earn a master of science in management in entrepreneurial leadership online.

Participants take courses like entrepreneurial economics, resource planning and control, and marketing management. They also engage in various types of experiential learning, such as consulting projects. The average accepted student has about a year of related professional experience, although the program welcomes individuals fresh out of college. For the 2021 school year, Babson does not require applicants to submit GRE or GMAT test scores.

Babson is regionally accredited by the New England Commission of Higher Education.

Program Snapshot

Program Name: Master of Science in Management in Entrepreneurial Leadership
School Status: Public
Tuition: $1,820 per credit
Credit Requirements: 30 credits
Program Length: 9 months
Format: Online

Admission Requirements

GPA: 2.8 minimum required
Standardized Tests: GMAT/GRE waived through 2021

Contact the School

Request more information about this program.

The University of Alabama true View School Profile Tuscaloosa, AL

Established in 1831, UA is one of the oldest colleges in the state's public school system. The university oversees many popular online programs, including a master of arts in management with a concentration in global business.

Students take core management classes like leadership and ethics, global business, and strategic human resources management. They also complete three concentration classes, two electives, and a capstone project.

UA is regionally accredited by the Southern Association of Colleges and Schools Commission on Colleges. Additionally, the Culverhouse College of Business holds specialized accreditation from the Association to Advance Collegiate Schools of Business.

Program Snapshot

Program Name: Master of Art in Management, Concentration in Global Business
School Status: Public
Tuition: $420 per credit
Credit Requirements: 30 credits
Program Length: 1-2 years
Format: Online

Admission Requirements

GPA: 3.0 minimum required
Standardized Tests: GRE or GMAT required

Contact the School

Request more information about this program.

Purdue University-Main Campus true View School Profile West Lafayette, IN

Founded in 1869, Purdue is a public land-grant school in West Lafayette, Indiana. It offers over 175 online degree programs, including a master of science in management and leadership. Participants complete classes covering topics like business communications, management theories and practices, and leadership theory and practice. Students can also choose from one of six concentrations, such as project management or information technology.

To enroll, students must have a bachelor's degree in the business field from an accredited university. Graduates can pursue diverse career paths within fields like healthcare management, human resources, or project management.

Purdue is regionally accredited by the Higher Learning Commission, and its management and leadership program holds specialized accreditation from the Accreditation Council for Business Schools and Programs.

Program Snapshot

Program Name: Master of Science in Management and Leadership
School Status: Public
Tuition: $485 per credit
Credit Requirements: 56 quarter credits
Program Length: 2 years
Format: Online

Admission Requirements

GPA: 2.5 minimum required
Standardized Tests: Not required

Contact the School

Request more information about this program.

Webster University View School Profile Saint Louis, MO

Webster was established outside of St. Louis, Missouri, in 1915. Today, the university offers a master of arts in management and leadership that students can complete online. Participants choose one of six concentration options, including cybersecurity, entrepreneurship, or health administration.

To earn their degree, students must complete 39 credits of coursework. With a focus on theory, best practices, and execution, the curriculum provides the tools needed to succeed as a well-rounded manager.

Webster is regionally accredited by the Higher Learning Commission, and its business school holds accreditation from the Accreditation Council for Business Schools and Programs.

Program Snapshot

Program Name:

Master of Arts in Management and Leadership

School Status: Private
Tuition: $780 per credit
Credit Requirements: 39 credits
Program Length: 1-2 years
Format: Online

Admission Requirements

GPA: 2.5 minimum required
Standardized Tests: Not specified

Contact the School

Request more information about this program.

Minot State University View School Profile Minot, ND

Founded in 1913, North Dakota's MSU offers several liberal arts and professional programs that provide students with a well-rounded education. Among these offerings is an online master of science in management degree.

Students delve into topics like financial management, management information systems, and strategic marketing. They also conduct an individual or group research project as a capstone experience. All online learners pay in-state tuition rates. Graduates can pursue jobs like clinic manager, management consultant, and social media manager.

MSU is regionally accredited by the Higher Learning Commission. The College of Business at Minot State also holds accreditation through the International Accreditation Council for Business Education.

Program Snapshot

Program Name: Master of Science in Management
School Status: Public
Tuition: $364 per credit
Credit Requirements: 30 credits
Program Length: 9-18 months
Format: Online

Admission Requirements

GPA: 3.0 minimum required
Standardized Tests: GRE or GMAT required

Contact the School

Request more information about this program.

Stevens Institute of Technology View School Profile Hoboken, NJ

Stevens, founded in 1870 in Hoboken, New Jersey, is a research university that offers 20 master's degrees online, including a 30-credit master of science in management. Students can enroll on a full-time or part-time basis, and online classes feature a live, interactive environment.

Core courses cover topics like financial decision-making, organizational behavior and design, and technology innovation and management. Participants tailor their education by choosing two elective classes. They also have the opportunity to engage in a consulting experience, working with one of the institute's business partners.

Stevens is regionally accredited by the Middle States Commission on Higher Education.

Program Snapshot

Program Name: Master of Science in Management
School Status: Private
Tuition: $1,686 per credit
Credit Requirements: 30 credits
Program Length: 12 months
Format: Online

Admission Requirements

GPA: 3.0 minimum required
Standardized Tests: GRE or GMAT required for full-time students

Contact the School

Request more information about this program.

The University of Texas at Dallas View School Profile Richardson, TX

The University of Texas at Dallas — based in Richardson — offers online programs for students seeking flexibility. Among these options is an online master of science in management science. Learners prepare to serve as leaders in various dynamic business environments.

Coursework covers topics like operations management and international management. Students can also take advantage of internship opportunities. Graduates can pursue positions like budget analysts, healthcare services managers, and operations managers.

UT Dallas is regionally accredited by the Southern Association of Colleges and Schools Commission on Colleges. Its business programs hold accreditation from the Association to Advance Collegiate Schools of Business International.

Program Snapshot

Program Name:

Master of Science in Management Science

School Status: Public
Tuition: $1,866 per credit (in state); $2,765 per credit (out of state)
Credit Requirements: 36 credits
Program Length: 18-24 months
Format: Online

Admission Requirements

GPA: 2.0 minimum required
Standardized Tests: GRE or GMAT required

Contact the School

Request more information about this program.

University of La Verne View School Profile La Verne, CA

La Verne's main campus in Southern California is 35 miles outside of Los Angeles. This private university consists of four colleges, including the College of Business and Public Management, which offers an online master of science in leadership management. The program provides ample flexibility and can accommodate students with busy schedules.

Participants complete 33 or 36 credits, depending on their academic background. The curriculum touches on essential leadership skills, teaching learners the strategies needed to manage diverse teams. Learners choose one of four concentrations: aging studies, organizational development, nonprofit management, or human resource management.

La Verne is regionally accredited by Western Association of Schools and Colleges Senior College and University Commission.

Program Snapshot

Program Name: Master of Science in Leadership and Management
School Status: Private
Tuition: $910 per credit
Credit Requirements: 33-36 credits
Program Length: 1-3 years
Format: Online

Admission Requirements

GPA: 2.75 minimum required over an applicant's last 60 credits of undergraduate work
Standardized Tests: Not required

Contact the School

Request more information about this program.

Maryville University of Saint Louis View School Profile Saint Louis, MO

Maryville is located in the suburb of Town and Country, approximately 20 miles from downtown St. Louis, Missouri. Thanks to its well-rounded curriculum and distance learning options, students can pursue the school's online master of arts in management and leadership to accelerate their careers, reach new goals, and further challenge themselves.

Students develop a strong foundation in business leadership and management. Additionally, this master's program features eight concentration options, including advanced cybersecurity, health administration, and human resource management.

Maryville is regionally accredited by the Higher Learning Commission, and its business programs hold accreditation from the Accreditation Council for Business Schools and Programs.

Program Snapshot

Program Name: Master of Arts in Management and Leadership
School Status: Private
Tuition: $714 per credit
Credit Requirements: 36-39 credits
Program Length: 1-2 years
Format: Online

Admission Requirements

GPA: 3.0 minimum required
Standardized Tests: Not required

Contact the School

Request more information about this program.

Florida Institute of Technology View School Profile Melbourne, FL

FIT oversees many programs that emphasize science, technology, research, and business leadership. The school also supports a thriving community of students pursuing their graduate studies online. One such degree option is the school's master's in management.

The program provides a comprehensive learning experience, readying graduates for careers in a variety of industries. Participants cover essential leadership strategies needed to lead teams by taking classes like human resources management, organizational planning and development, and management theory and thought. Students also take two elective courses to tailor their education.

FIT is regionally accredited by the Southern Association of Colleges and Schools Commission on Colleges.

Program Snapshot

Program Name: Master of Science in Management
School Status: Private
Tuition: $896 per credit
Credit Requirements: 33 credits
Program Length: 1-2 years
Format: Online

Admission Requirements

GPA: 3.0 minimum required
Standardized Tests: Not required

Contact the School

Request more information about this program.

Abilene Christian University View School Profile Abilene, TX

Founded in 1906, ACU educates students on its main campus near the Dallas-Fort Worth area and online. Distance learners at the school can pursue an online master of science in management.

This 20-month program focuses on business management, theory, practice, and execution. Specific courses include business law and ethics, strategic marketing, and data management. Faculty deliver coursework from a Christ-centered perspective. Graduates can pursue positions like project manager, international consultant, and data analytics manager.

ACU is regionally accredited by the Southern Association of Colleges and Schools Commission on Colleges, and its business programs hold specialized accreditation from the Association to Advance Collegiate Schools of Business.

Program Snapshot

Program Name: Master of Science in Management
School Status: Private
Tuition: $732 per credit
Credit Requirements: 30 credits
Program Length: 20 months
Format: Online

Admission Requirements

GPA: 3.0 minimum required
Standardized Tests: Not required

Contact the School

Request more information about this program.

Southeast Missouri State University View School Profile Cape Girardeau, MO

SEMO was founded along the Mississippi River in Missouri in 1873. The university offers a variety of liberal arts programs for undergraduates as well as more than 70 graduate programs, including several that can be completed entirely online. These options include an online master of science in management.

Participants take classes like quantitative and qualitative research methods. The program's flexible schedule may appeal to students who need to work around career and family responsibilities. Students do not need an undergraduate business degree to apply, although they should have at least three years of professional experience.

SEMO is regionally accredited by the Southern Association of Colleges and Schools Commission on Colleges.

Program Snapshot

Program Name: Master of Science in Management
School Status: Public
Tuition: $298 per credit (in-state); $558 per credit (out-of-state)
Credit Requirements: 30 credits
Program Length: 1-2 years
Format: Online

Admission Requirements

GPA: 2.75 minimum required over an applicant's last 60 credits of undergraduate work
Standardized Tests: GRE, GMAT, LSAT, or MCAT required

Contact the School

Request more information about this program.

Bryan College-Dayton View School Profile Dayton, TN

Bryan College is a liberal arts institution that offers over 50 different programs, including a fully online master of arts in management and leadership. Located in Dayton, Tennessee, this Christian college blends faith into its academic offerings.

The MA in management and leadership at Bryan College features a 24-credit core that includes classes like biblical worldview principles of management, managing organizational change, and ethical issues in business. Students also choose two guided elective courses. Graduates can pursue work in a variety of roles, including sales manager and nonprofit manager.

Bryan College is regionally accredited by the Southern Association of Colleges and Schools Commission on Colleges.

Program Snapshot

Program Name: Master of Arts in Management and Leadership
School Status: Private
Tuition: $475 per credit
Credit Requirements: 30 credits
Program Length: 1-2 years
Format: Online

Admission Requirements

GPA: 3.0 minimum required
Standardized Tests: Not specified

Contact the School

Request more information about this program.

Frequently Asked Questions About Management Programs

Is a master's in management worth it? true

A master's in management can be a major asset for professionals seeking higher-level job prospects or advancement opportunities. Not all upper-level management positions require a master's degree. However, pairing a master's in management with relevant work experience can help professionals gain credibility and stand out among other job candidates.

Many institutions also provide students with essential networking or mentorship opportunities. Connecting with students, faculty, and alumni can be important for graduates looking to secure jobs or internships, or simply learn more about their field. Some schools even provide career advancement infrastructures, such as alumni-specific job boards.

What can I do with a master's in management? true

A master's in management can be an extremely versatile degree, though some students prefer to refine their studies with concentrations that align with their intended careers. Many graduates aim to lead departments, teams, or organizations in some capacity.

Graduates can oversee organizations' output and productivity as administrative services and facilities managers, project managers, or industrial production managers. They can also manage organizations' external communication strategies as public relations and fundraising managers or advertising, promotions, and marketing managers.

Professionals might pair their management backgrounds with expertise in other areas. Financial managers, for example, integrate a comprehensive understanding of financial decision-making. Some professionals prefer to evaluate the management procedures of other organizations as third-party analysts or consultants.

Are management majors in demand? true

Individuals with a master's in management can find in-demand career options after graduation. Many management occupations exceed the national average projected growth rate of 8% from 2020-2030. For example, the BLS projects that the number of training and development manager positions will increase by 11% over that time span, while jobs for public relations and fundraising managerswill increase by 13% and positions forfinancial managerswill increase by 17%.

How much money can I make with a master's in management?

According to PayScale, graduates with an MS in business management earn an average salary of about $78,000 per year. However, earning potential depends heavily on a worker's occupation, level of experience, industry, and specific company.

For example, BLS data indicates that in May 2020, administrative services and facilities managers earned a median annual salary of $98,890,industrial production managersearned a median yearly wage of $108,790, and human resources managers earned a median salary of $121,220 per year.

What are the highest-paying jobs I can get with a master's in management?

Certain management niches and occupations are extremely lucrative. Although the BLS reports that sales managersearned a median annual salary of $132,290 in May 2020, those working in professional, scientific, and technical services earned a median salary of $155,490 and those working in finance and insurance earned $163,630.

In addition, financial managers working inprofessional, scientific, and technical services earned a median annual salary of $154,790 in May 2020. While workers specializing in the management of companies and enterprises earned a median wage of $149,300 per year. Furthermore,advertising, promotions, and marketing managers working in finance and insurance earned $150,280 per year.

Check out the top books for MBA students. Supplement your education, learn critical business concepts, and find a competitive edge in the field. Whether you're new to business or a seasoned professional, earning a business certificate online can help you advance your career and take home more money. Should you choose a full-time or part-time MBA program? Learn more about the pros and cons of each.

BestColleges.com is an advertising-supported site. Featured or trusted partner programs and all school search, finder, or match results are for schools that compensate us. This compensation does not influence our school rankings, resource guides, or other editorially-independent information published on this site.

Compare your school options.

View the most relevant school for your interests and compare them by tuition, programs, acceptance rate, and other factors important to find your college home.