People who want to be the boss of a company or own their own establishments didn’t take on the roles they did overnight. It took hard work and dedication. In many cases, it also takes an educational background in management to ensure a person can take on all the responsibilities that come with a management position. If a person already has a bachelor’s, he or she may wonder if a master’s is worth it and what types of masters in management jobs are available, which can help a person determine the answer to “is masters in management worth it.”
What Can You Do With a Master’s in Management?
First and foremost, a person may want to know what masters in management jobs are available. One example of masters in management jobs is a management consultant. This is a person who a company consults with in terms of their management to improve the strategy and structure of management. As a management consultant, a person researches and uses data to determine the company’s marketing and goals and use this information to determine the areas that need improvement.
A production manager is another one of the masters in management jobs available. This is one of the master of science in management jobs where a person plays the role of boss. This is the person who plans and coordinates projects and basically oversees every aspect of the project. A person who takes on this role is also responsible for ensuring product standards and health and safety, depending on the location where a person takes on a job.
Other examples of master of science in management jobs include the following:
- Project manager
- Social media manager
- Risk manager
- Human resources manager
How Much Can You Make With a Master of Management Degree?
Although understanding the job opportunities is important, it’s not enough for a person to determine the answer to “is masters in management worth it.” Part of the process also entails comparing a masters vs MBA salary, an MIM vs MBA salary, and an MBA vs MSM salary. With these answers, a person can figure out the answer to questions like MS vs MBA which is better.
The Bureau of Labor Statistics (BLS) reports that the average salary for a marketing manager is $135,900 per year, which may help someone to answer is a masters in management worth it. A human resources manager is another job to consider with a master’s in management. The average salary for someone in this position is $116,720 per year. A sales management position can earn a person around $126,640 annually.
If a person looks at statistics for masters vs MBA salary, MBA vs MSM salary, MIM vs MBA salary, and also MS vs MBA which is better, a person will discover the salaries are rather similar to one another.
Are Jobs With a Master’s in Management Supposed to Grow?
Job security is another aspect a person wants to factor in when looking at the jobs with a master’s in management. A person wants a degree that he or she can benefit from, rather than a degree that may require a person to take on jobs outside of his or her expertise. Understanding job growth changes can also help a person to understand if he or she will be able to find a job once again if something happens at the first one.
Human resources manager positions, for example, are expected to grow by seven percent from 2018 until 2028. This job growth is faster than average. Therefore, a person will more than likely tbe able to find a job out of college, even if it means taking on an entry-level position and working his or her way up.
A production manager is another one of the jobs a person can obtain with a master’s in management. It, however, isn’t expected to grow from 2018 until 2028. The BLS projects only a one-percent change in the number of jobs in this field. This growth is slower than average and indicates there will be little to no change in the number of jobs for individuals who want to take on this job opportunity.
Risk management is another option for a job with a master’s in management. This usually categorizes the same as a financial manager. In terms of job growth, the number of positions for this job is expected to grow by 16 percent from 2018 until 2028, as noted by the BLS. This growth is much faster than average.