Master of Science in Management
Master of Science in Management degrees offer a solid background in business fundamentals for those pursuing management roles.
A Master of Science in Management (MSM) is ideal for those with non-business backgrounds in the liberal arts, engineering, mathematics or the sciences who are just launching their careers. Although both the MSM and the MBA introduce topics in business such as accounting, economics, finance, marketing, and statistics to give students a well-rounded understanding of management skills, methods, and tools, the MSM focuses more on the theoretical side of management. Since MSM graduates typically tend to have little or no professional experience, hiring companies view these graduates for entry or mid-level jobs, whereas they consider MBA candidates for more advanced-level positions.
There are three common designations for this degree: Master of Science in Management (MSc, MIM, MSM), Master's of Arts in Management, and Master's of Management Studies (MMS), which is commonly offered by business schools in Europe.
- Programs typically can be completed in 10 to 12 months.
- For applicants who have less than two years of work experience, the academic curriculum lays the groundwork for launching a business career.
- A Master's in Management degree can help students with liberal arts, sciences, or engineering backgrounds to transition to a management career.
- Some programs focus on theoretical aspects of management, such as leadership styles.
- An MSM is not a substitute for an MBA. A recent survey showed that there is an approximate 30 percent overlap in their curriculum; MSM graduates may wish to earn an MBA later in their careers.
- There are no opportunities for specialization.1
MBA Versus Master's in Management
1 Global Master in Management Survey 2012: Trends in Management Education