Why a Master’s in Management Can Boost Your Career
A Master of Management (MiM) degree can open doors to a plethora of job choices while also enhancing your pay prospects. Enrolling in a MiM program at a business school could serve as a springboard for the next stage in your path.
But, applying for a MiM is a big step: you’ll likely have to study for another year or two and spend a large amount of money.
It’s critical, then, that you’re confident that a Master of Management is a wise investment in your career. What is it like to attend business school? And what opportunities will you have that will set you apart from the competition?
1. You’ll develop core business knowledge
A Master in Management, as a generalist degree that teaches the principles of business, will give you with a comprehensive business understanding.
Modules cover a wide range of subjects. The basic MiM curriculum of INSEAD, one of the world’s best business schools, encompasses topics spanning from financial accounting, macroeconomics, and data science to marketing, operations management, and business strategy.
Because of the comprehensive curriculum, you’ll graduate with a solid knowledge basis and highly transferable skills that you may use to a range of sectors.
A variety of practical business skills are also taught in business schools. Workshops, business simulators, and in-class projects will help you acquire skills that will help you succeed in the job. This involves things like leadership, communication, and teamwork.
MiMs, whether one or two years in length, often allow you to personalize your experience through elective and specialised modules. This ensure that you can delve deeply into issues of your choice and move you farther along your chosen career path.
2. You’ll grow and develop your network
The ability to network is essential for any business degree. This is especially true for a MiM because the generalist curriculum means you’ll be surrounded by people with a wide range of job ambitions and hobbies.
Cohorts are also frequently diverse: the MiM program at the UK’s Imperial College Management School, for example, has 93% international students.
When you interact with your fellow classmates, your MiM cohort will serve as the core of your professional contact base. To further strengthen these relationships, the standard MiM curriculum includes a combination of group assignments and team building activities, as well as abundant opportunities to socialize through clubs and associations.
Aside from your cohort, business school provides opportunities to broaden your network through guest speaker sessions, networking events, and career fairs. All of this means that by the time you leave, you will have a network of contacts who can help you further your career.
3. You’ll gain international opportunities
During your MiM degree, you will have several intriguing chances outside of the classroom. You can participate in associations, internships, and company visits. Many schools also allow you to go overseas during your study, providing you the opportunity to observe different business cultures in action.
This international experience can not only increase your cultural knowledge, but it can also inspire you to pursue a worldwide profession after graduation. Consider, for example, the prestigious MiM degree at HEC Paris in France: just 30% of students stay in France after graduation, while 35% transfer to other European countries and 11% go as far as Asia.