Master of Science in Management

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: Business Ethics Corporate and Business Strategy Engineering management Entrepreneurship Finance Finance Management and managerial accounting Human Resources Management and organisational behaviour Management Information Systems Management Theory Marketing or Marketing Management Operations Management and supply chain management Protected Area Management Personal student dissertation (thesis) Air Transportation/Aviation 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, 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 European origin. There seems to be a tendency that the demand for MBA is saturated whereas the demand for Masters in Management is increasing.

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