- Master of Science in Management
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Master of Science in Management, abbreviated MSc or MSM, is a Master of Science academic degree that is common throughout the United States and Europe. It is similar to the MBA degree, and often requires a dissertation (thesis) before a graduate is admitted to it. The MSc is a research-oriented program. In Asia, this MSc may also be titled MPhil.
See List of master of science in management degrees.
Graduates holding an MSc in Management have commonly studied the following subjects[citation needed]:
- Business Ethics
- Corporate and Business Strategy
- Engineering management
- Entrepreneurship
- Finance
- 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
Contents
Comparison to MBA
"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 focus on research in a specialized area , while the MBA degree would place more emphasis on strategy.
The MSc in Management is an academic degree with no requirements for previous job experience, while the MBA is a professional degree for persons with minimum 2–3 years job experience. The MSc degree is more theory-oriented, while the MBA degree is more practice-oriented. While this in some sense means that the MSc degree prepares students for entry into the academia and the MBA prepares 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.
The MSc in Management degree is best suited for new graduates holders of a Bachelor's degree with no work experience, while the MBA degree is best suited for graduates with some work experience, preferably in supervision or management. In contrast to the MBA, however, about one third of the Master in Management programs requires an undergraduate degree in business or economics.[2]
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 US, 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.[3]
Careers and further study
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
University of St. Gallen's Master in Strategy and International Management (SIM) Program was ranked 1st in Europe in 2011.[4]
ESCP Europe's Master in Management Program was ranked 1st in Europe in 2010, 3rd in 2009 and 2nd in 2008.[4]
University of Mannheim's Master in Management Program was ranked 1st in Germany and 8th in Europe in 2010.[4]
Cass Business School's Master in Management Program was ranked 2nd in UK and 15th in the World in 2009 and 2010.[4]
HEC Paris's Master in Management Program was ranked 1st in Europe in 2005, 2006, 2007 and 2008.[4]
HEC Montréal's Master in Management Program was ranked among the World best 35 programs in 2009 and 2010.[4]
London School of Economics's existing Master in Management and Strategy programme (previously MSc Management) was ranked 4th in Europe in 2008.[4]
Stockholm School of Economics's Master in Management was ranked number one in Northern Europe and 12th in Europe in 2008.[4]
EM Lyon's Master in Management Program was ranked 7th in Europe in 2008.[4]
Grenoble école de management's Master in Management Program was ranked Ranked 5th in France according to Financial Times 2010.[4]
Nyenrode Business University's Master in Management Program was ranked 1st in the Netherlands in 2010 and 2011.[4]
EDHEC Business School's Master in Management Program was ranked 9th in Europe in 2008.[4]
ESSEC Business School's Master in Management was ranked 6th in Europe in 2008.[4]
See also
- List of master of science in management degrees
- MPhil
- CEMS (Community of European Management Schools and International Companies)
- Master of Business Administration (MBA)
- Master of Management (MM)
- Master of Science in Marketing Management
- Master of Science in Finance
- Master of Commerce
References
- ^ http://www.bus.brocku.ca/msc/
- ^ http://www.mim-compass.com/News/2-out-of-3-Master-in-Management-programs-do-NOT-require-a-degree-in-business-or-economics
- ^ http://www.independent.co.uk/news/education/higher/special-attention-the-rising-demand-for-masters-in-management-courses-2142804.html
- ^ a b c d e f g h i j k l m [1]
External links
Categories:- Master's degrees
- Business qualifications
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