Master of Science in Management

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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. The MSM, however, targets recent graduates whereas the MBA generally targets professionals with at least two years of work experience.

See List of master of science in management degrees.

Graduates holding an MSc in Management have commonly studied the following subjects[citation needed]:

Contents

Comparison to MBA [edit]

"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."[1]

The MSc in Management degree studies the academic discipline of Management, while the MBA degree studies the academic discipline of Business Administration. Thus, the MSc degree focuses on research in a specialized area, while the MBA degree would place more emphasis on strategy.

The MSc in Management is typically 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. The MSc degree is more theory-oriented and some programs focus on specific skill set development for managers, while the MBA degree is more practice-oriented and financially focused. While this in some sense means that the MSc degree prepares students for entry into the academia and an MBA may prepare them for managerial positions in the industry, in reality both degrees contain strong professional focus and are both very well suited for students wishing to gain positions in the industry. Likewise, the MBA degree is based on established academic theory, and could be the basis for a career in the academia. Some MSc in Management programs contain very directed content geared towards development a leadership skill set for mid-career professionals looking to improve their credentials as well.

Persons admitted to the degree of MSc in Management are entitled to add the designation MSc 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 recognise 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.[2]

Careers and further study [edit]

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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 [edit]

HEC Paris's Master in Management Program was ranked 1st in Europe in 2005, 2006, 2007 and 2008.[3]

CEMS Master of Science in International Management. CEMS is a prestigious and exclusive program (in cooperation with only the best business schools worldwide) constantly at the top of the International Rankings. For example, the Financial Times ranked it 1st in 2009, 2nd in 2010 as well as in 2011. http://www.cems.org/

University of St. Gallen's Master in Strategy and International Management (SIM) Program was ranked 1st in Europe in 2011.[3]

ESCP Europe's Master in Management Program was ranked 3rd in Europe in 2011, 1st in 2010, 3rd in 2009 and 2nd in 2008.[3]

EM Lyon's Master in Management Program was ranked 5th in Europe in 2011.[3]

WHU-Otto Beisheim School of Management's Master in Management Program was ranked 1st in Germany and 6th in the world in 2011.[3]

University of Mannheim's Master in Management Program was ranked 2nd in Germany and 13th in the world in 2010.[3]

Cass Business School's Master in Management Program was ranked 2nd in UK and 15th in the World in 2009 and 2010.[3]

Imperial College London's Master in Management Program was ranked 1st in the UK and 13th in the world in 2011.[3]

London School of Economics's existing Master in Management and Strategy programme (previously MSc Management) was ranked 4th in Europe in 2008.[3]

University college Dublin's existing Master in Management programme was ranked 51 in Europe in 2012.[3]

Stockholm School of Economics's Master in Management was ranked number one in Northern Europe and 12th in Europe in 2008.[3]

Nyenrode Business University's Master in Management Program was ranked 1st in the Netherlands in 2010 and 2011.[3]

EDHEC Business School's Master in Management Program was ranked 9th in Europe in 2008.[3]

ESSEC Business School's Master in Management was ranked 6th in Europe in 2008.[3]

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

Lund University's Master of Science in Technology Management is a unique MiM program that combines Technology and Management. Lancaster University's [2] is an International Masters program in Management (MSc in Executive Management) that combines practice, experience and theory.

Canada [edit]

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.[4]

See also [edit]

References [edit]

  1. ^ "Master of Science in Management | Brock University". Bus.brocku.ca. 2009-10-08. Retrieved 2012-09-16. 
  2. ^ McCormack, Steve (2010-11-25). "Special attention: The rising demand for Masters in management courses - Higher - Education". The Independent. Retrieved 2012-09-16. 
  3. ^ a b c d e f g h i j k l m n [1][dead link]
  4. ^ Canada. "Richard Ivey School of Business - Wikipedia, the free encyclopedia". En.wikipedia.org. Retrieved 2012-09-16. 
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