In today’s highly competitive job market, simply having work experience and strong technical skills in a given field isn’t always enough to propel your career forward. To move into lucrative management roles and leadership positions, you need a firm grasp of critical business basics – from strategic decision-making to operations, marketing, finance, and managing teams.
A Master of Business Administration (MBA) with a management focus builds these cross-disciplinary skills to set up managers for success. While MBA degrees require a significant investment of time and money, the salary bump and advancement potential down the road are tough to beat.
Keep reading to learn why an MBA management specialization can be a game-changing degree to earn in 2024 as leadership openings grow. We’ll also highlight what to look for in top-tier management MBA programs.
Why Earn an MBA Management Degree Now?
The need for highly skilled managers is accelerating across industries due to an aging workforce, shifting workplace priorities, and tech disruption. Management roles also come with impressive earning potential.
According to projections from the Bureau of Labor Statistics, managerial positions are expected to grow 7.5% nationwide through 2030, faster than the average 4% growth rate for all occupations. Management analysts and consultants, in particular, may see employment opportunities surge by 14% over the next eight years.
With a thriving job market and retirements opening up leadership vacancies, now is the time to position yourself with an MBA that focuses explicitly on management competencies.
The Advantage of an MBA Management Curriculum
MBA concentrations in specific areas like marketing, finance, IT, or accounting provide extensive insight into those departments. However, managers need to juggle knowledge of all aspects of business operations.
That’s the power of a general management MBA track – you build strategic perspectives and leadership abilities that translate across roles, teams, and industries.
Common courses in MBA management programs teach how to:
- Motivate, support, and get the most out of team members
- Craft company objectives and set strategic direction
- Recognize marketplace opportunities and competitive forces
- Manage budgets, forecast finances, and boost efficiencies
- Market products and services to drive growth
These universal business skills open possibilities across diverse management and executive positions.
Dominican University’s IACBE Accreditation
Dominican University offers an IACBE-accredited Master of Business Administration program grounded in ethical leadership and strategic development. Available in flexible online course formats, their MBA management degree empowers working professionals to advance their careers while balancing busy lives.
The 30-36 credit hour curriculum covers organizational behavior, operations, quality management, and people-centered leadership essentials. The program culminates with a capstone project that allows you to solve a real-world challenge for an existing company, providing hands-on management experience.
Whether you aim to progress within your current workplace or pivot towards new directions, Dominican’s values-focused MBA management concentration can help activate your potential as an empowering, dynamic leader. Connect with a graduate admissions counselor today to learn more about Dominican’s IACBE-accredited hybrid MBA, designed for working adults.
FAQs
What management jobs can you get with an MBA degree?
An MBA management opens doors to careers like operations manager, general manager, management analyst, human resources manager, facilities manager, and many other leadership roles.
Is management or finance better for an MBA?
Finance is more narrow, while a management MBA provides broad training across business areas, setting you up for C-suite jobs overseeing multifunctional strategy.
Is an MBA in management program worth it?
Yes, management MBA graduates enjoy strong demand and command higher salaries due to strategic skills that apply widely to guide organizations.
How much more money does an MBA management degree make?
While salaries are dependent on the role and company, MBA management grads average $30,000 or more in additional compensation compared to peers without advanced business master’s degrees.
What classes are required for a management MBA?
Typical curriculum includes organizational leadership, operations management, strategic planning, managerial economics, marketing management, statistics, financial management, and advanced management strategy.