Best Master’s in Management Degree Programs of 2023
All businesses need an excellent management team to motivate employees to reach organizational goals and push them to be their best. Become a leader who's qualified to work at the highest level with a master's in management degree.
Why This Matters
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THE MEDIAN ANNUAL WAGE FOR MANAGERS IN 2019 WAS $105,660
According to the U.S. Bureau of Labor Statistics, management occupations had the highest wage of all major occupations in May 2019.
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COMPUTER AND IT MANAGER JOBS ARE EXPECTED TO INCREASE BY 10%
From 2019 to 2020, computer and IT manager jobs are expected to grow much faster than the average occupation.
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FINANCIAL MANAGER JOBS ARE EXPECTED TO GROW BY 15%
Approximately 59,600 financial manager job openings are expected for each year from 2019 to 2029. Many of these jobs are in commercial and savings banks.
Our Research
Master’s degrees in management (MiM) give you a firm foundation in a variety of disciplines. Some degrees cover finance, while others focus on marketing or leadership. All industries require management leadership to get things done. Our list includes both online and on-campus workshops and classes.
Most university master’s degrees in business are backed by the Association to Advance Collegiate Schools of Business (AACSB). Another accrediting body is the International Accreditation Council for Business Education (IACBE). The Master in Management accreditation is a stamp of quality. Choosing a school with this accreditation increases the value of your degree on the job market.
We evaluated each program on the basis of flexibility, faculty, course strength, cost, and reputation. Then we calculated the Intelligent Score for each program on a scale from 0 to 100. For a more extensive explanation, check out Our Ranking Methodology.
- 71 hours to write this article
- 159 universities and colleges we assessed
- 308 education programs we compared
The Top 50 Master’s in Management Degree Programs
What You Should Know About This Degree
Other similar degrees to the master’s in management is the master of business administration (MBA) and the master of science (MS). While these degrees are ideal if you choose a professional leadership position, there are several differences from the master’s in management.
The MBA provides a general knowledge of business across many industries, including marketing, finance, organizational behavior, and accounting. You may take several classes across multiple disciplines so you can see the general goal and importance of leadership. The MS degree program is specialized. As a student, you focus on a single industry, for example, business analytics, economics, marketing, or sports management. These degrees are ideal for individuals with several years of work experience, while the MiM is a better choice for those just completing their bachelor’s with little to no career background.
When choosing a quality MiM degree, look for one with a business school accreditation. The three most recognized include the Association of MBAs (AMBA), the Association to Advance Collegiate Schools of Business (AACSB), and the European Quality Improvement System (EQUIS).
Certifications aren’t necessary for a successful career in management; however, a professional certification might help advance your career. Some of the most recognized include the Project Management Professional (PMP), the Certified ScrumMaster (CSM), the Certified Business Process Associate (CSPA), and the Association of International Product Marketing and Management (AIPMM).
What’s Next?
Here are a couple of things to consider when researching master’s in management degree programs:
- How long does it take to complete an online MiM program? The average time to complete an online MiM degree is two to three years. Cohort classes might take longer because a group of students enters the program at the same time, and there’s a set schedule for classes. Universities that don’t use the cohort model allow students to follow a more relaxed learning schedule, which lets you complete the program earlier.
- What tests are required for an online degree? Most graduate schools require you to take one of two entrance exams before you can start the MiM program: the Graduate Records Examination (GRE) or the Graduate Management Admissions Test (GMAT). Every school has a minimum requirement on scoring for placement.
Once you’ve decided to apply to MiM programs, pay close attention to each school’s timeline for the application process. Check with the admissions office, or research the application process online.
To finance your MiM, search for both merit and need-based scholarships, and fill out the Free Application for Federal Student Aid (FAFSA) early. Many private lenders and scholarship providers rely on the FAFSA to determine your eligibility for assistance.