If you are considering a business postgrad course, should you do the MSc Management or the ever-popular Master of Business Administration?
In some ways the courses are similar, but there are significant differences. Firstly, you don’t need experience in business or management to do the MSc Management. This is because the course is somewhat more theoretical than the MBA. However, the practical aspects of the MBA is one reason why employers prize it so highly. The MSc Management is also a lot less expensive.
According to Forbes magazine, this is one area of study that is not slowing down anytime soon. More young people are choosing to do a MSc Management instead of waiting to do the MBA. The major differences are the reasons why: because inexperienced graduates can do the MSc Management and the cost difference. After all, a good manager should always consider the return on investment!
What will you learn?
During the MSc Management, you’ll cover the theoretical foundations of business and management. In addition, the course will focus on contemporary issues. The objectives are as follows:
- To teach you how to critically analyse challenges and issues facing global businesses in the modern world
- To ensures that you are armed with broad bases of knowledge in chosen areas such as:
- entrepreneurship
- economics
- human resources
- marketing
Some of the subjects covered include;
- Introduction to Accounting
- Foundations of Management
- Marketing and Marketing Management
- Business Performance and Strategy
- Sustainability and Social Responsibility
- Innovation Management and Entrepreneurship
- Comparative Employment Relations and International HRM
- Organizational Psychology
- Research Skills for Business and Management
- Trends in Global Business and Management
General course admission requirements
Different institutions have different qualifications. Generally speaking, these include:
- A first class or upper second class honours undergraduate degree or its equivalent.
- For non-English speakers, a proficiency exam is required.
Why do it?
Management professionals are needed around the globe in diverse industries. Whether you want to work in healthcare, banking, retail, education, media, hospitality, or the arts, there will be work for management professionals.
Graduates take on roles such as:
- Operations analysts
- Financial managers
- Marketing officers
- Operational managers
- Entrepreneurs
- Consultants or business analysts
- Business managers
Graduates can also go on to become executives, entrepreneurs, CEOs, directors and managers of small and large, local and international companies.
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