MBA in Technology Management: Salary and Career Facts
A Master of Business Administration (MBA) in Technology Management program can lead to many types of careers. Find out what the MBA program requires, explore job options and get an idea of what salary you will earn.
What Are Career Options for MBA in Technology Management Graduates?
With an MBA in technology management you may pursue a career as an information systems manager, management analysts or with experience a chief information officer. Information systems managers assess a company's computing needs, acquires the necessary software and hardware to to meet those needs and then oversees the installment and maintenance of those components. Management analysts solve problems in a company by analyzing the company's procedures, finances, personnel and systems. They then write reports that recommend changes to executives. Chief information officers develop information technology strategies, manage information technology personnel, assess IT performance and offer technical advice.
What is Technology Management?
Technology management prepares students for work with companies, services and products while learning how to manage employees and a business. As a technology manager, you will be able to keep up with innovation and the fast-changing pace of technology. All the while, you will be able to keep the competitive edge and understand marketing your products and services. The MBA in Technology Management provides the skills for a leadership role whether you're already working in IT or looking to start a management career after completing a bachelor's degree.
What Will I Learn in an MBA Degree Program?
Through online or on-campus study you can work towards your Master of Business Administration in Technology Management. Many colleges also offer part-time or evening courses for students who are working adults. In this degree program you apply business and technology advancement skills during courses on project management, emerging technologies, innovation and entrepreneurship, biotechnology, sustainability, information technology and clinical technology. Business seminars cover marketing, managerial economics, strategic planning, accounting, human resources management, problem-solving, financial reporting and supply chain management.
What Careers Can I Consider?
As a technology manager, you can specialize in working with the technology of many fields. Many colleges offer concentrations in information systems, but managers are needed with any technology-based company. Some job titles you may work toward are project manager, chief technology officer (CTO), information systems director or management analyst.
How Much Can I Make?
According to the U.S. Bureau of Labor Statistics in May 2018, the national median salary for a computer and information systems manager was $142,530, while management analysts brought in a median $83,610 per year (www.bls.gov). Those who rise to the rank of chief information officer in a company earned a median of $158,178 according to PayScale.com in November 2019.
What Are Some Related Alternative Careers?
Some careers related to technology management include computer and information research scientists, computer network architects and computer hardware engineers. Computer and information research scientists study and develop new computing technologies while looking for new uses for old technologies. They then use what they come up with to solve computer problems and create more effective systems. Computer network architects design, create and install local area networks and wide area networks for companies. Hardware engineers design and test new hardware for computer systems, many of which are used when designing computer and information systems.