Master of Science in Management
From Wikinerds
Master of Science in Management, abbreviated MSc, is a Master of Science academic degree commonly found in the United Kingdom. It is an alternative to the MBA.
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[edit] In the United Kingdom
The following universities admit graduates to the MSc in Management degree:
[edit] Typical content
Graduates holding an MSc in Management have commonly studied the following subjects:
- Marketing or Marketing Management
- Operations Management and supply chain management
- Finance Management and managerial accounting
- Human Resources Management and organisational behaviour
- Management Theory
- Business Ethics
- Entrepreneurship
- Personal student dissertation (thesis)
[edit] 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. Thus, the MSc degree may focus more on operational aspects of management, while the MBA degree would place more emphasis on strategy.
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. 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, 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.
The MSc in Management degree is best suited for new graduates holders of a Bachelor's degree in any discipline with no work experience, 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.
While an MBA degree can be specialised (eg MBA in Finance), an MSc in Management degree carries no specialisations.
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). People reading curriculum vitae documents readily recognise the MBA designation, 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.
While the MBA degree was started in the US, the MSc in Management degree is of European origin.
[edit] 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.
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).
[edit] See also
[edit] External links
http://www.ft.com/cms/s/2/3c10b112-8f52-11da-b430-0000779e2340.html
[edit] LICENCE
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