Online Master’s Degree in Management

Students enrolled in an online masters degree in management will acquire the knowledge and skills necessary to help businesses and organizations reach their objectives effectively and efficiently. This area of study includes topics such as leadership, business strategy, human resources, finance, and information technology, to name a few. Graduates with a masters degree in management are qualified to work in a number of different industries. Private companies, consulting firms, and even government and nonprofit organizations have a need for qualified management professionals.

This type of degree will usually take one to two years of full-time study to complete, depending on the school’s specific degree requirements. Students also have the option to enroll part time with most online masters degree programs. This, of course, will extend the length of the program. In addition, some schools may allow working adults to apply their past professional experience towards the degree requirements. It is important to check with the individual school about their policies and procedures regarding alternative credits, since not all institutions offer this.

Classes for an Online Masters Degree in Management

Many online masters programs in management start with foundational course work in areas such as economics, finance, organizational behavior, and decision-making. Following these general courses, students will likely take classes focused in their area of interest. These could include project, financial, or risk management. The curriculum at the master’s level will typically combine survey, seminar, and research courses. Common course topics are:

  • Financial Concepts
  • International Business, Economics, and Cultures
  • Project Management Leadership
  • Quantitative and Qualitative Decision-Making
  • Operations Management

Students enrolled in an accredited online masters degree program should also anticipate a capstone research project requirement. This is designed to demonstrate the student’s ability to apply the knowledge they have gained throughout the program to practical business situations. The capstone or research project will be completed primarily as independent study with guidance from an approved faculty member.

A Career as a Graduate with an Online Masters Degree in Management

Management graduates who earn their masters degree online have a number of career opportunities across industries. Potential employers range from private corporations and consulting companies to government agencies and nonprofit organizations. According to figures from the U.S. Bureau of Labor Statistics, general and operations managers earned a mean annual wage of $114,490 in 2011. Those who worked in the securities and commodity exchanges industry earned the highest salaries at an average of $196,290. The majority of managers were employed by private companies and enterprises, followed by local government. The mean annual wage for general and operations managers employed by local government was $92,390. Management graduates may also work as financial managers, business consultants, development managers, or human resource professionals, to name a handful of options.

While some management positions may be awarded based on extensive work experience, a master’s degree is often a deciding factor in promotion. For this reason, an online masters degree in management may be a wise choice for those looking to advance their careers to upper-level positions. Those interested in changing industries may benefit from this type of degree as well.

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