Another Major Business School Adds a Master’s in Management
Credit: Jeff Greenberg / Universal Images Group /Getty Images- Johns Hopkins will launch a new master’s in management (MiM) degree through its Carey Business School.
- This flexible degree will focus on young professionals without a business background.
- A growing number of business schools have debuted MiM degrees in recent years, including the University of Chicago Booth School of Business.
- Those degrees offer students a good return on investment with a short completion time.
A new degree has been on the rise in recent years: the master’s in management (MiM), tailored to young professionals who might not have a background in business.
The Johns Hopkins Carey Business School is the latest notable business school to launch an MiM, revealing the new program in a July press release that also announced plans to expand in Washington, D.C., with new full-time master of business administration (MBA) and executive MBA programs.
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Carey will offer the MiM both online and in person. The in-person option is an accelerated, nine-month program based in Baltimore. The part-time online degree offering also gives students a fast-tracked path to a master’s degree.
The online MiM for working professionals from Carey will take just 15 months.
“Whether your undergraduate degree is in the humanities, sciences, or another discipline, you will gain the tools and expertise to thrive in today’s fast-moving landscape,” the degree page reads.
Business Education for Non-Business Majors
Carey’s new MiM is an expansion into a new audience of young professionals looking to retool their resumes to succeed in the modern business landscape.
MiM degrees generally focus on building a foundation in business for students who didn’t major in the field.
They also share a few general traits with Carey’s new MiM: They’re fast, built for young professionals, and often come in a flexible format.
Carey’s new degree program has four specialized tracks that build on the school’s longstanding science, technology, engineering, and math (STEM) focus: artificial intelligence (AI) for management, analytics for management, leadership, and entrepreneurship.
These specialization offerings are a showcase of the modern business education landscape in which schools are responding to employer demand for well-rounded students who have both key human skills and tech prowess.
Employers said in a recent survey by the Graduate Management Admission Council (GMAC) that while AI skills are becoming more important, human skills like problem-solving, adaptability, and communication will continue to be key.
“Even more important to employers than AI are the many skills that business schools have developed in their students long before OpenAI’s launch of ChatGPT in 2022,” the GMAC report reads.
AI instruction has been on the rise across degree types — from general instruction in business bachelor’s degrees to entire degrees dedicated to AI and machine learning. For Carey’s MiM, that means a dual focus on tech skills and fundamental human skills like leadership in its core curriculum.
The Rise of the MiM
The MiM — and its focus on young professionals — has been a rising degree type across business education in recent years.
The University of Chicago Booth School of Business debuted an MiM degree in 2023, its first new offering in nearly a century. Other major schools, including Northwestern University’s Kellogg School of Business, also offer MiM degrees.
The University of North Carolina Kenan-Flagler School of Business launched an MiM earlier this year.
Courtney Knoll, associate dean of the new master’s in management program and Kenan-Flagler’s master of accounting program, told BestColleges in a previous interview that the degree features a powerful return on investment (ROI).
“When I think about this degree, I think about the ROI, and I think that’s probably what students are looking at, too,” Knoll said.
“It’s a year of time and tuition, and that’s not to diminish the cost of it, but in exchange for that, on the heels of a four-year degree where you’ve been studying something other than business, you can add a one-year foundational business education that will open up doors and opportunities that just wouldn’t be there for the student otherwise.”