Master of Science in Management
Encyclopedia
Master of Science in Management, abbreviated MSc or MSM, is a Master of Science
academic degree
that is common throughout the United States and Europe. It is similar to the MBA degree, and often requires a dissertation (thesis
) before a graduate is admitted to it. The MSc is a research-oriented program. In Asia, this MSc may also be titled MPhil.
See List of master of science in management degrees.
Graduates holding an MSc in Management have commonly studied the following subjects:
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 focus on research in a specialized area , while the MBA degree would place more emphasis on strategy.
The MSc in Management is an academic degree with no requirements for previous job experience, while the MBA is a professional degree for persons with minimum 2–3 years job experience. The MSc degree is more theory-oriented, while the MBA degree is more practice-oriented. While this in some sense means that the MSc degree prepares students for entry into the academia and the MBA prepares them for managerial positions in 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 is based on established academic theory, and could be the basis for a career in the academia.
The MSc in Management degree is best suited for new graduates holders of a Bachelor's degree
with no work experience, while the MBA degree is best suited for graduates with some work experience, preferably in supervision or management. In contrast to the MBA, however, about one third of the Master in Management programs requires an undergraduate degree in business or economics.
Persons admitted to the degree of MSc in Management are entitled to add the designation MSc after their names (e.g. Domeng Gomez MSc), while those holding an MBA can add the designation MBA (e.g. Domeng Gomez 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, e.g. 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.
While the MBA degree was started in the US, the MSc in Management degree is of Europe
an origin. There seems to be a tendency that the demand for MBA is saturated whereas the demand for Masters in Management is increasing.
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).
's Master in Strategy and International Management (SIM) Program was ranked 1st in Europe in 2011.
ESCP Europe's Master in Management Program was ranked 1st in Europe in 2010, 3rd in 2009 and 2nd in 2008.
University of Mannheim
's Master in Management Program was ranked 1st in Germany and 8th in Europe in 2010.
Cass Business School's Master in Management Program was ranked 2nd in UK and 15th in the World in 2009 and 2010.
HEC Paris's Master in Management Program was ranked 1st in Europe in 2005, 2006, 2007 and 2008.
HEC Montréal
's Master in Management Program was ranked among the World best 35 programs in 2009 and 2010.
London School of Economics
's existing Master in Management and Strategy programme (previously MSc Management) was ranked 4th in Europe in 2008.
Stockholm School of Economics
's Master in Management was ranked number one in Northern Europe and 12th in Europe in 2008.
EM Lyon's Master in Management Program was ranked 7th in Europe in 2008.
Grenoble école de management
's Master in Management Program was ranked Ranked 5th in France according to Financial Times 2010.
Nyenrode Business University's Master in Management Program was ranked 1st in the Netherlands in 2010 and 2011.
EDHEC Business School
's Master in Management Program was ranked 9th in Europe in 2008.
ESSEC Business School
's Master in Management was ranked 6th in Europe in 2008.
Master of Science
A Master of Science is a postgraduate academic master's degree awarded by universities in many countries. The degree is typically studied for in the sciences including the social sciences.-Brazil, Argentina and Uruguay:...
academic degree
Academic degree
An academic degree is a position and title within a college or university that is usually awarded in recognition of the recipient having either satisfactorily completed a prescribed course of study or having conducted a scholarly endeavour deemed worthy of his or her admission to the degree...
that is common throughout the United States and Europe. It is similar to the MBA degree, and often requires a dissertation (thesis
Thesis
A dissertation or thesis is a document submitted in support of candidature for an academic degree or professional qualification presenting the author's research and findings...
) before a graduate is admitted to it. The MSc is a research-oriented program. In Asia, this MSc may also be titled MPhil.
See List of master of science in management degrees.
Graduates holding an MSc in Management have commonly studied the following subjects:
- Business EthicsBusiness ethicsBusiness ethics is a form of applied ethics or professional ethics that examines ethical principles and moral or ethical problems that arise in a business environment. It applies to all aspects of business conduct and is relevant to the conduct of individuals and entire organizations.Business...
- Corporate and Business Strategy
- Engineering managementEngineering managementEngineering Management or Management Engineering is a specialized form of management and engineering that is concerned with the application of engineering principles to business practice...
- EntrepreneurshipEntrepreneurshipEntrepreneurship is the act of being an entrepreneur, which can be defined as "one who undertakes innovations, finance and business acumen in an effort to transform innovations into economic goods". This may result in new organizations or may be part of revitalizing mature organizations in response...
- FinanceFinance"Finance" is often defined simply as the management of money or “funds” management Modern finance, however, is a family of business activity that includes the origination, marketing, and management of cash and money surrogates through a variety of capital accounts, instruments, and markets created...
- Finance Management and managerial accounting
- Human Resources Management and organisational behaviour
- Management Information Systems
- Management Theory
- MarketingMarketingMarketing is the process used to determine what products or services may be of interest to customers, and the strategy to use in sales, communications and business development. It generates the strategy that underlies sales techniques, business communication, and business developments...
or Marketing ManagementMarketing managementMarketing management is a business discipline which is focused on the practical application of marketing techniques and the management of a firm's marketing resources and activities... - Operations ManagementOperations managementOperations management is an area of management concerned with overseeing, designing, and redesigning business operations in the production of goods and/or services. It involves the responsibility of ensuring that business operations are efficient in terms of using as little resources as needed, and...
and supply chain managementSupply chain managementSupply chain management is the management of a network of interconnected businesses involved in the ultimate provision of product and service packages required by end customers... - Protected Area Management
- Personal student dissertation (thesisThesisA dissertation or thesis is a document submitted in support of candidature for an academic degree or professional qualification presenting the author's research and findings...
) - Air Transportation/AviationAviationAviation is the design, development, production, operation, and use of aircraft, especially heavier-than-air aircraft. Aviation is derived from avis, the Latin word for bird.-History:...
Comparison to MBA
"While the MBA program focuses on the practical application of management theory, the M.Sc. in Management will provide for an advanced-level conceptual foundation in a student’s chosen field, and allow for the pursuit of highly focused research through a master’s level thesis."The MSc in Management degree studies the academic discipline of Management
Management
Management in all business and organizational activities is the act of getting people together to accomplish desired goals and objectives using available resources efficiently and effectively...
, while the MBA degree studies the academic discipline of Business Administration. Thus, the MSc degree focus on research in a specialized area , while the MBA degree would place more emphasis on strategy.
The MSc in Management is an academic degree with no requirements for previous job experience, while the MBA is a professional degree for persons with minimum 2–3 years job experience. The MSc degree is more theory-oriented, while the MBA degree is more practice-oriented. While this in some sense means that the MSc degree prepares students for entry into the academia and the MBA prepares them for managerial positions in 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 is based on established academic theory, and could be the basis for a career in the academia.
The MSc in Management degree is best suited for new graduates holders of a Bachelor's degree
Bachelor's degree
A bachelor's degree is usually an academic degree awarded for an undergraduate course or major that generally lasts for three or four years, but can range anywhere from two to six years depending on the region of the world...
with no work experience, while the MBA degree is best suited for graduates with some work experience, preferably in supervision or management. In contrast to the MBA, however, about one third of the Master in Management programs requires an undergraduate degree in business or economics.
Persons admitted to the degree of MSc in Management are entitled to add the designation MSc after their names (e.g. Domeng Gomez MSc), while those holding an MBA can add the designation MBA (e.g. Domeng Gomez 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, e.g. 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.
While the MBA degree was started in the US, the MSc in Management degree is of Europe
Europe
Europe is, by convention, one of the world's seven continents. Comprising the westernmost peninsula of Eurasia, Europe is generally 'divided' from Asia to its east by the watershed divides of the Ural and Caucasus Mountains, the Ural River, the Caspian and Black Seas, and the waterways connecting...
an origin. There seems to be a tendency that the demand for MBA is saturated whereas the demand for Masters in Management is increasing.
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).
Reputation in Europe
University of St. GallenUniversity of St. Gallen
The University of St. Gallen is a public research university located in St. Gallen, Switzerland. It is specialized in the fields of business administration, economics, law, and international affairs. The University of St. Gallen is also known as HSG, which is an abbreviation of its former German...
's Master in Strategy and International Management (SIM) Program was ranked 1st in Europe in 2011.
ESCP Europe's Master in Management Program was ranked 1st in Europe in 2010, 3rd in 2009 and 2nd in 2008.
University of Mannheim
University of Mannheim
The University of Mannheim is one of the younger German universities. It offers Bachelor, Master, and PhD degrees.The University is mainly located in Mannheim’s palace the largest baroque palace in Germany. The whole city center of Mannheim is aligned symmetrically to the palace.About 800 scholars...
's Master in Management Program was ranked 1st in Germany and 8th in Europe in 2010.
Cass Business School's Master in Management Program was ranked 2nd in UK and 15th in the World in 2009 and 2010.
HEC Paris's Master in Management Program was ranked 1st in Europe in 2005, 2006, 2007 and 2008.
HEC Montréal
HEC Montréal
HEC Montréal , is the independent affiliated business school of the Université de Montréal, and the oldest management School in Canada. It holds accreditations from AACSB, EQUIS and AMBA, one of three schools in North America to hold triple accreditation in management education...
's Master in Management Program was ranked among the World best 35 programs in 2009 and 2010.
London School of Economics
London School of Economics
The London School of Economics and Political Science is a public research university specialised in the social sciences located in London, United Kingdom, and a constituent college of the federal University of London...
's existing Master in Management and Strategy programme (previously MSc Management) was ranked 4th in Europe in 2008.
Stockholm School of Economics
Stockholm School of Economics
The Stockholm School of Economics or Handelshögskolan i Stockholm is one of Northern Europe's leading business schools. Its Masters in Management program is ranked no. 2 in Northern Europe and no. 13 in Europe by the Financial Times...
's Master in Management was ranked number one in Northern Europe and 12th in Europe in 2008.
EM Lyon's Master in Management Program was ranked 7th in Europe in 2008.
Grenoble école de management
Grenoble école de management
Grenoble Ecole de Management also known as Grenoble EM or Grenoble School of Management, was founded in 1984 by the local chamber of commerce...
's Master in Management Program was ranked Ranked 5th in France according to Financial Times 2010.
Nyenrode Business University's Master in Management Program was ranked 1st in the Netherlands in 2010 and 2011.
EDHEC Business School
EDHEC Business School
EDHEC for Ecole De Hautes Etudes Commerciales du Nord is one of the main business schools and grandes écoles of France and Europe. It is a highly selective and top-ranking business school, among only 50 institutions worldwide EDHEC for Ecole De Hautes Etudes Commerciales du Nord is one of the...
's Master in Management Program was ranked 9th in Europe in 2008.
ESSEC Business School
ESSEC
ESSEC is one of the foremost business schools and Grandes Écoles in France and one of Europe’s top business schools. It was created by Jesuits in 1907 and was originally located in the heart of Paris, next to the University of Paris II: Panthéon-Assas, rue d'Assas...
's Master in Management was ranked 6th in Europe in 2008.
See also
- List of master of science in management degrees
- MPhil
- CEMS (Community of European Management Schools and International Companies)
- Master of Business AdministrationMaster of Business AdministrationThe Master of Business Administration is a :master's degree in business administration, which attracts people from a wide range of academic disciplines. The MBA designation originated in the United States, emerging from the late 19th century as the country industrialized and companies sought out...
(MBA) - Master of ManagementMaster of ManagementThe Master of Management is a post-graduate master’s degree awarded to students who normally complete a one to two year program of graduate level coursework in business management at an accredited academic institution. As the program is designed for students interested in entering leadership...
(MM) - Master of Science in Marketing Management
- Master of Science in Finance
- Master of CommerceMaster of CommerceMaster of Commerce is a postgraduate Masters Degree focusing on commerce-, management- and economics-related subjects. Like the undergraduate Bachelor of Commerce, the degree is offered in Commonwealth nations.-Structure:The Master of Commerce typically requires one year of full-time study...