A master’s in management degree (MiM) can increase your career opportunities and pave the way for a great salary and stable employment. Your MiM-based management, business, finance, and marketing knowledge may make you an attractive and valuable asset to potential employers.
In order to achieve your desired career path, you can shape and develop your special and transferable skill set acquired from your MiM by pursuing a career in management. Careers in management are available in the private, public, and nonprofit sectors, and there are opportunities to diversify outside of the more traditional financial and banking sectors into fields such as media, entertainment, and technology.
The IE Business School is dedicated to incorporating technology into its regular instruction and provides its students with a cutting-edge business school learning environment, preparing them to face the challenges of a quick digital transformation.
Graduates from the IE Business School have largely chosen to work in marketing and sales (41%), finance and accounting (20%), consulting (16%), and general management (9%). An additional 7% have chosen to work in operations and logistics, 3% in information and technology, and 2% in human resources.
If you want to work in management, you should be able to comprehend how technology operates and how it affects organizations, businesses, and companies. This is because technology is quickly growing to be both a valuable and important aspect of management.
Read on to learn about some of the incredible careers you can pursue with a master’s in management using data from PayScale.
Management consultant
Average salary: $84,963 in the US
One of the more obvious career options you can pursue with a master’s in management is a career in management consulting.
As a management consultant, you will provide strategic and knowledgeable advice to assist a business, organization, or company in enhancing their overall performance and productivity.
To accomplish this, you must conduct enough research and data collection to comprehend the objectives of the company, identify any issues, risks, and problems, present solutions, and put any necessary improvements into action.
Working in project teams is a key component of this role, which is very client-focused. As a result, you should feel at ease working with little supervision and be able to handle a lot of authority and responsibility.
Project director
Average salary: $58,570 in the US
A career as a project manager may be right for you if you enjoy organizing yourself and others, have excellent communication and negotiation skills, and have the initiative and ability to make decisions under pressure.
Project managers are in charge of overseeing a project, ensuring that the client’s desired goal is attained while adhering to a rigid timetable and budget, whether they work in the construction, marketing, or healthcare industries.
You’ll monitor progress, analyze finances, teams, and resources using IT and other technological systems, implement changes as needed, and make sure standards are met.
At the conclusion of every project, you’ll either present a report to the client or a senior manager to assess the project’s success and establish goals for subsequent projects based on the results of the current project.
Social media manager
Average salary: $49,015 in the US
In today’s world of digital marketing and technology, as social media use increases, so does the demand for jobs in the sector.
As a social media manager, you’ll be well-versed in web development strategy, the elements of good web design, and the ways in which multimedia content can be used to enhance a company’s reputation and visibility.
Along with other creative aspects like managing projects and campaigns, planning, creating, and outsourcing multimedia content and delivery, you should be aware of how social media can be used successfully in social media marketing.
The social media manager is in charge of reporting and analyzing data related to social media performance using tools like Google Analytics. You’ll develop and put into practise social media marketing strategies as a social media manager to raise brand awareness and foster productive client and customer engagement.
Business development manager
Average salary: $70,995 in the US
When trying to maximize your master’s in management degree, a career as a business development manager may not seem as obvious as other career options. A career as a business consultant, however, might be ideal for you if you have a sincere interest in assisting businesses and the ability to leverage your own experience across a variety of specialties, including management, business, finance, and marketing.
A business development manager is responsible for developing an organization’s business side and assisting in its growth and potential, which serves as the catalyst for sales and contacts.
As you’ll need to conduct careful and strategic planning to improve the business’ profitability or position within the market, having a solid understanding of technology will also give you a competitive advantage.
In order to establish and maintain effective working relationships with all contacts, including clients and suppliers, you must be able to combine your management knowledge with analytical and communication skills.
You can focus on almost any industry as a business development manager, including information technology, manufacturing, or telecommunications.
Entrepreneur
You can use your master’s in management degree skills, knowledge, and understanding in this situation. If you have an entrepreneurial mindset, you can combine your personal interests with your managerial skills and knowledge to create your very own venture. Although there is no one way to start a business, having a master’s in management will undoubtedly help you.
As part of the business school’s Global Immersion Week, MiM students at IE Business School have the chance to travel to Tel-Aviv, Israel. The opportunity to expand their knowledge of the international business environment and their managerial abilities is provided to MiM students by this trip abroad.
Conclusion
If you’re wondering whether earning a master’s degree in management is worthwhile, the answer is yes. As a more affordable alternative, management degrees were first created, and they are sometimes regarded as the precursors to MBA (Master of Business Administration) degrees. Students who pursue management degrees are introduced to the ideas of leadership and entrepreneurship.
A Master’s degree in management gives you access to a variety of opportunities. For instance, you are not required to have a specific amount of prior employment experience in order to be accepted. Students pursuing a Masters in Management degree develop a wide range of management and leadership skills and participate in internships and other hands-on learning opportunities.
