Master of Science in Management
|This article relies largely or entirely upon a single source. (October 2008)|
Master of Science in Management, abbreviated MSc, MIM or MSM, is a Master of Science academic degree that is common throughout Europe and increasingly also in North America and Asia. In terms of content, it is similar to the MBA degree as it contains general management courses. With some exceptions, however, the MSM targets recent graduates whereas the MBA generally targets professionals with at least two years of work experience.
Graduates holding an MSc in Management have commonly studied the following subjects:
- Business Ethics
- Corporate and Business Strategy
- Engineering management
- Finance Management and managerial accounting
- Human Resources Management and organisational behaviour
- Management Information Systems
- Management Theory
- Marketing or Marketing Management
- Operations Management and supply chain management
- Protected Area Management
- Personal student dissertation (thesis)
- Air Transportation/Aviation
Comparison to MBA
As is the case with the more common MBA degree, as the number of school granting MSc in Management degrees has grown, so has the diversity of characteristics defining these programs. In most cases, the MSc in Management is an academic degree with no or some requirements for previous job experience, while the MBA is also a professional degree for persons with minimum 2–3 years job experience. However, there are also schools where the MSM degree is granted only to managers with extensive (typically 10 years or more) of work and managerial experience. Whereas MBA programs are open to people from all academic disciplines, about one third of the MSc in Management programs worldwide require a first degree in business or economics.
Some claim the MSc degree is more theory-oriented, and some programs do focus on specific skill set development for managers, while the MBA degree can be more practice-oriented and financially focused. In some schools, the MSc in Management degree studies the academic discipline of Management, while the MBA degree studies the academic discipline of Business Administration. Thus, some MSc degree programs focus on research in a specialized area, while the MBA degree would place more emphasis on strategy. According to one school, "While the MBA program focuses on the practical application of management theory, the M.Sc. in Management will provide for an advanced-level conceptual foundation in a student’s chosen field, and allow for the pursuit of highly focused research through a master’s level thesis."
This means that the MSc degree prepares students for entry into the academia and an MBA prepare them for managerial positions in the industry, in reality both degrees contain strong professional focus and are both very well suited for professionals wishing to improve positions in their respective industries. The MBA degree is based on established academic theory, and as such could be a stepping-stone for a career in the academia, i.e. a PH.D. Most MSc in Management programs contain very directed content geared towards development of a particular set of leadership skills for the mid-career professional looking to improve their credentials.
Persons admitted to the degree of MSc in Management are entitled to add the designation MSc or MSM after their names (e.g. Domeng Gomez MSc), while those holding an MBA can add the designation MBA (e.g. Domeng Gomez MBA). People reading curriculum vitae documents readily recognize the MBA designation, but the MSc designation may be assumed to be in a non-business area, e.g. in science or engineering, so holders of MSc in Management should make it clear that they have a business degree in the Education section of their CV.
While the MBA degree was started in the United States, the MSc in Management degree is of European origin. There seems to be a tendency that the demand for MBA is saturated whereas the demand for Masters in Management is increasing.
With the increase technology and educational sectors the MBA degree program is a basic thing for everyone to survive in this tough and competitive world of business. Everyone needs to consider higher education to improve their career prospects and grow up in the future. The business management degree is not so easy to accomplish, but it is also true that with having an MBA in your academic profile and also make your struggling for searching jobs and position in the same workplace, but if you have successfully completed your MBA degree program this will help you in many ways just like give you the opportunity to get a good job and make you feel good in front of your family and friend.
Careers and further study
|This section does not cite any references or sources. (July 2009)|
Holders of MSc in Management degrees are well-suited for managerial roles in any industry, but they face competition from MBA holders.
Holders of MSc in Management degrees can be accepted in PhD programmes, while those having an MBA would usually be better suited for a DBA (Doctorate in Business Administration).
Reputation in Europe
CEMS Master in International Management. CEMS is an elite program, delivering the CEMS MIM in cooperation with 29 of the top business schools in the world like the University of St. Gallen, RSM, Bocconi, HEC, ESADE, LSE, WU, UCD, SSE, Ivey... The CEMS MIM has consistently ranked in the top 10 of the FT International Rankings since 2005, when the ranking began. http://www.cems.org/
ESADE Business School Masters in Management courses are the most renowned courses in Europe. They are ranked continually in the Top 10. It was ranked 7th in 2012 and 10th in 2013.
FHNWMaster of Science in International Management, Swiss state funded, a unique program that works closely with international companies in Northwestern Switzerland, Brazil and South-Africa http://www.fhnw.ch/business/msc-im
Kingston Business School's  Master of Science in International Business Management the offers the opportunity to undertake a consultancy project by consulting within an organization in lieu of a typical dissertation.
The Richard Ivey School of Business at Western University, consistently rated as the top business school in Canada, offers the MSc in Management.The program is designed to build on previous undergraduate experience and prepare candidates for international career interests in an ever-evolving, multicultural business world.
- List of master of science in management degrees
- CEMS (Community of European Management Schools and International Companies)
- Master of Business Administration (MBA)
- Master of Management (MM)
- Master of Science in Finance
- Master of Commerce
- Doctor of Management
- Thomas Graf. "Global MIM Survey 2012". Master in Management Compass. Retrieved 2012-07-01.
- "Master of Science in Management | Brock University". Bus.brocku.ca. 2009-10-08. Retrieved 2012-09-16.
- McCormack, Steve (2010-11-25). "Special attention: The rising demand for Masters in management courses - Higher - Education". The Independent. Retrieved 2012-09-16.
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- Canada. "Richard Ivey School of Business - Wikipedia, the free encyclopedia". En.wikipedia.org. Retrieved 2012-09-16.