Master's Degrees in Applied Management

Master's degree programs in applied management are extremely rare, however a master's degree in management, project management or technology management will provide related coursework. Read on to learn about various degree levels, expected coursework, online availability, and possible careers in this field. Schools offering Business degrees can also be found in these popular choices.

What Types of Applied Management Master's Degree Programs Are There?

Associate's and bachelor's degree programs in applied management are much more common than master's degree programs. However, you can earn a Master of Business Administration (MBA), or Master of Science (M.S.) in general management, project management or technology management, as well as a Master of Arts (M.A.) in management. All of these specializations may prepare you for a management position in the corporate, government or nonprofit sectors. Project management teaches you how to motivate and manage a large number of employees, while technology management involves applying technological advancements to daily managing systems.

Most master's degree programs in management are leadership-oriented. You'll learn how to work effectively with a diverse group of people; you'll also learn how to make key decisions for your organization. Master's degree programs typically take two years to complete.

Degree Levels Associate's, Bachelor's, MBA, M.S., and M.A.
Common Courses Business accounting, online management, team-building strategies
Online Availability Hybrid availability, partially available
Possible Careers Management consultant, financial manager, medical and health services manager

What Courses Can I Expect To Take?

Master's degree management classes often address real-world management decisions you might face during your career. Some courses examine the traits of both effective and unsuccessful management practices. You'll gain leadership experience by overseeing projects and collaborating with other students as mock partners or employees. You'll usually need to write a thesis or complete a research-based project to graduate. Typical management courses include:

  • Globalization's effect on management
  • Business accounting
  • Introduction to project management
  • Online management
  • Ethical leadership
  • The managerial decision-making process
  • Team-building strategies

Can I Enroll in an Online Program?

You can earn a master's degree in management online. A computer with a Windows-based operating system may be required - check your school's technical requirements for more details. Projects are a large component of many online curricula; you might study the management practices of real companies or develop mock business plans to share with faculty and peers online.

Some schools have residency requirements; you may be expected to spend up to a week on campus. The residency period usually includes an orientation session, faculty introductions and numerous opportunities to interact with classmates.

What Can I Do With a Master's Degree?

With your management master's degree, you may qualify for a number of mid- or advanced-level managerial positions in the fields of business, education, healthcare, government and finance. You might find work as a management consultant. According to the U.S. Bureau of Labor Statistics (BLS), management consultants had a median annual salary $80,880 in 2014.

If you want to enter the business or finance fields, you could find work as a financial manager. According to the BLS, job prospects were best for applicants who held a master's degree (www.bls.gov). The BLS reports that financial managers earned an average annual wage of $115,320 in 2014. Administrative services management may be another potential employment option. The BLS states that administrative services managers earned a median salary of $83,790 in 2014.

You could also become a medical and health services manager. According to the BLS, employment growth in this sector is projected to reach 17% from 2014-2024. These figures were higher than the average for other sectors, in part because healthcare costs were expected to rise in coming years. Medical and health services managers had a median annual wage of $92,810 in 2014, as reported by the BLS.

To continue researching, browse degree options below for course curriculum, prerequisites and financial aid information. Or, learn more about the subject by reading the related articles below:

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