Want to secure a high paying job by upskilling yourself through a masters’ degree? Well, you have made the right decision, but the question is which management degree to pursue in 2020. In this article, we will guide you about the must management degree to pursue securing a good-paying job.
But before beginning, let us have a glance at what are the benefits of pursuing a management degree?
Benefits of Pursuing a Top Management Degree
1. Every organization needs a manager to expertly handle a particular area. This means job opportunities are huge if you pursue a management degree and acquire the necessary skills.
2. A management degree gives you opportunities to develop your key management skills, such as communication, critical and strategic thinking, problem-solving, presenting, organizing, leadership, reporting, project management, etc.
3. A golden opportunity to become your boss. A management degree not only prepares you to become king/queen of the job industry but also it gives you requisite skills and confidence to start your own business.
4. Whether you opt for a general MBA or any specific management program such as Masters in Finance or Masters in Management, you will get a basic understanding of multiple disciplines, such as entrepreneurship, service operations, finance, etc.
The Top 5 Management Degree to do in 2020
1. Masters in Management (MiM)
Masters in Management – postgraduate program imparts advanced general management knowledge. It is a cheaper alternative to an MBA program as it requires less time and investment.
Benefits of pursuing MiM
a. MiM is an internationally oriented program. It allows you to pursue management degrees from abroad with comparatively lesser investment. You will get a new experience of meeting with people of different backgrounds that will help you to develop your p[ersonality by improving your communication and public speaking skills.
b. It is very little or no work experience required to join the MiM program. So, the best part is you can begin your masters immediately after completing your bachelor’s degree. However, in some colleges, a maximum of 1-year employment is required to join their MiM programs.
c. You will get a versatile study experience by learning from elective courses on e-commerce, business ethics, the psychology of money, etc.
2. Masters in Engineering Management (MeM)
MeM exclusively bridges the gap between technology, engineering, and management. This master’s degree is specially designed for engineers and is perfect for the engineering students who wish to hone their management skills.
Benefits of pursuing MeM
a. As an engineering student, if you are looking for a non-technical master’s degree, then this is the perfect path for you.
b. There are many reputed colleges, such as Dartmouth College, Cornell University, and Stanford, who offer MeM degrees without any prior work experience.
c. The cost and duration of the MeM degree are comparatively lower than other master’s degrees.
d. You will learn many multi-discipline that focus solely on improving your technical and managerial skills.
3. Master in Finance (MFin)
If you are looking for the most sought career opportunities in international finance and business sectors, then a Masters in Finance is the right degree to pursue. Whether you are a recent graduate or finance professional who is looking to widen its finance knowledge circle, then MFin becomes your first choice as it provides the requisite knowledge and practical exposure.
Benefits of pursuing MFin
a. The Finance and Business sector is widening, and it gives the best job opportunities for the MFin students.
b. You can get the top managerial position with a high-paying salary. Also, you will learn about blockchain technology and make it your future as a crypto fund seller or crypto analyst.
c. An MFin degree will make you a master of finance. Its curriculum consists of finance, marketing, accounting, and supply chain management, which will boost job opportunities for you in different sectors.
4. Masters of Science in Business Analytics (MSBA)
MSBA will teach you how to transform business intelligence into business insights. As companies collect a ton of data daily, the requirement of business analysts becomes a must to accurately handle that data. Therefore, if you love to turn the raw data into valuable assets and hone these skills into you, then MSBA is the right degree for you.
Benefits of pursuing MSBA
a. After an MSBA degree, you will be able to transform data into the right context, and as earlier mentioned, the data is increasing in businesses, so to handle that with effectiveness, the business will require experts and who is better than an MSBA student who acquired the requisite skills.
b. While pursuing an MSBA degree, you will learn an in-depth coding language, data quality management, data mining techniques, and analytical modeling. With the increasing importance of digital mediums, this degree will benefit you in grabbing the top high paying job in the business analyst world.
5. Masters in Business Administration (MBA)
It is the most popular degree among graduate students. However, if you are planning to do an MBA from abroad, the minimum 3 three years of work experience is preferable. It is not a specific degree and imparts you a brief understanding of all concepts of Human Resource Management, Marketing, Finance, etc.
Benefits of pursuing an MBA
a. As mentioned above, it will impart knowledge on multi-disciplines, which will prepare you to grab top job opportunities as human resources manager, finance manager, accounting manager, etc.
b. An MBA degree improves your professional skills and provides a high degree of job opportunity.
c. An MBA degree widens your professional network and boosts your personality by giving you various opportunities to grow.
This article threw light on top management degrees you can do in 2020. However, there are other top degrees as well you can think of pursuing depending on your existing interest and professional level. If you are looking to hone your managerial skills with the master program, then 2020 is the right year to begin as due to COVID-19, many people lost their jobs. By upskilling themselves, they can secure a good-paying job in this staggering economy.
Abhyank Srinet is a passionate digital entrepreneur who holds a Masters in Management degree from ESCP Europe. He started his first company while he was still studying at ESCP, and managed to scale it up by 400% in just 2 years.
Being a B-School Alumni, he recognized the need for a one-stop solution for B-School to get in touch with schools and get their application queries resolved. This prompted him to create MiM-Essay, a one-of-a-kind portal with cutting edge profile evaluation and school selection algorithms, along with several avenues to stay informed about the latest B-School Updates