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Online Masters Degree in Business Management

Since 2005, hundreds of NFL players have completed short, intensive business management and entrepreneurial programs organized by the league on how to manage money, create a business plan and recognize bad investments. All of us, including football stars, can benefit from these financial survival strategies.

Classes in business management might not land you in a classroom with your favorite NFL player, but they can teach you these skills and other valuable financial principles. Master's degrees in business management offer targeted studies ranging from sports management to high tech.

Types of master's degrees in business management

General management degrees prepare you for a range of careers and industries with fundamental skills in accounting, economics, finance, leadership, marketing and strategy. Programs also feature targeted studies for diverse professions, with specializations such as these:

  1. Computer information systems
  2. Financial/accounting
  3. Health care management
  4. Hospitality
  5. Human resource management

The concentration in human resources might cover best practices in national and global organizational management as well as technological tools to analyze and enhance organizational productivity.

Graduate programs award master of arts, master of science or master of business administration degrees in management. While any of these can prepare you for a business management career, they vary in focus; the M.B.A. usually zeroes in on professional business experience. When you choose a program, it is important to find one with the area of specialization you want to pursue.

Business management career outlook

The Bureau of Labor Statistics reports average growth for most management careers between 2010 and 2020, although faster growth is anticipated in some segments, such as health care. Consider these 2010-2020 growth predictions and 2011 median salaries, as cited by the BLS, for the following careers:

  1. Administrative services managers: 15 percent; $79,540
  2. Computer and information systems managers: 18 percent; $118,010
  3. Financial managers: 9 percent; $107,160
  4. Human resources managers: 13 percent; $99,130
  5. Management analysts: 22 percent; $78,490
  6. Medical and health services managers: 22 percent; $86,400

Management roles often call for on-the-job experience in addition to the necessary training; for example, IT managers typically need at least five years in the field.

Online master's degrees in business management are widely available, making it easier to return to school. Flexible schedules allow you to maintain your current obligations and gain valuable work experience as you advance your qualifications.

Featured Online Business Management Degree Programs

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