Master of Science in Management

All you want to know about Master of Science in Management

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Master of Science in Management, abbreviated MSc, is a Master of Science academic degree commonly found in the United Kingdom[citation needed]. It is the academic alternative to the professional MBA[citation needed], and like all MSc degrees it requires a lengthy dissertation (thesis) before a graduate is admitted to it.

Contents

Market analysis

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The market for MSc in Management degrees is dominated by reputable British and French business schools[1].

In the United Kingdom

The following universities admit graduates to the MSc in Management degree[citation needed]:

Reputation

London School of Economics's MSc in Management programme was ranked 2nd in Europe in 2007[5].

ESCP-EAP European School of Management's Master in Management Program was ranked 4 th in Europe in 2008

Typical content

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

Comparison to MBA

The MSc in Management degree studies the academic discipline of management, while the MBA degree studies the academic discipline of Business Administration[citation needed]. Thus, the MSc degree may focus more on operational aspects of management, while the MBA degree would place more emphasis on strategy[citation needed].

The MSc in Management is an academic degree, while the MBA is a professional degree. Thus, the MSc degree is more theory-oriented, while the MBA degree is more practice-oriented[citation needed]. In other words, the MSc in Management degree is about management, while the MBA is about managing. While this in some sense means that the MSc degree prepares students for entry into the academia and the MBA prepares them for entry into the industry[citation needed], 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 does not inhibit graduates to enter the academia[citation needed].

The MSc in Management degree is best suited for new graduates holders of a Bachelor's degree in any discipline with no work experience[citation needed], while the MBA degree is best suited for business graduates (eg BBA, Bachelor in Business Administration) with some work experience, preferably in supervision or management[citation needed].

While an MBA degree can be specialised (eg MBA in Finance), an MSc in Management degree carries no specialisations[citation needed]. However, most universities also offer MSc degrees in other business disciplines, such as finance, marketing management or marketing[citation needed].

Holders of MSc in Management degrees can add the designation MSc after their name (eg John Smith MSc), while those holding an MBA can add the designation MBA (eg John Smith MBA)[citation needed]. People reading curriculum vitae documents readily recognise the MBA designation[citation needed], but the MSc designation may be assumed to be in a non-business area, eg 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.

Having an MSc in Management instead of an MBA may be advantageous in environments that are hostile to business graduates or in environments that prefer scientists or engineers for promotion to managerial roles[citation needed].

While the MBA degree was started in the US, the MSc in Management degree is of European origin[citation needed].

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[citation needed].

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)[citation needed].

References

  1. ^ FT.com / Debates & polls / Ask the expert - Ask the experts: European MSc
  2. ^ http://www3.imperial.ac.uk/tanaka/programmes/msc-management
  3. ^ MSc in Management
  4. ^ WBS :: The MSc in Management
  5. ^ FT.com / Business Education / Masters in management

See also

External links

Retrieved from "http://en.wikipedia.org/wiki/Master_of_Science_in_Management"

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