MSc Business Management: Universities, Career, Salary 

MSc Business Management is a one-year postgraduate degree (3 years part-time) that enables a student to become an effective manager and be capable of providing solutions to a variety of business problems. The course will equip students with practical business skills such as market research skills,  and strategic analysis skills to help them to have a successful business career in a variety of different industry sectors. 

The degree is meant for students who have not had a business degree or have completed graduation in a course with limited business knowledge. Keep reading to know more about MSc in business management subjects, eligibility criteria, jobs, and salary.

Course Name	MSc Business Management
Course Duration	1 year
Course Eligibility	Graduation in any discipline
Top Universities	UWE Bristol, Cardiff University, etc
Job Profiles	Top Universities

Also Read: Master in Business Management

What is MSc in Business Management?

A Master of Science in Business Management (MSc in Business Management) is a postgraduate degree that provides students with a comprehensive understanding of business theory and practice. The program typically covers topics such as accounting, finance, marketing, human resources, and operations management. Students also have the opportunity to specialize in a particular area of business, such as entrepreneurship, international business, or supply chain management.

MSc in Business Management programs are designed for students who want to develop the skills and knowledge necessary to advance their careers in business. The program can also be a good preparation for students who want to start their own businesses.

Why Study MSc in Business Management?

Below are the reasons a student should opt for a Master’s in Business Management.

• Research and learn about practices in business management across several areas such as marketing, economics, strategy, and human resources.
• Develop key managerial skills that will give you a competitive edge to develop a successful management career.  
• Develop skills that are sought by potential employers and also have the flexibility to later choose between different areas. For example, human resource management, entrepreneurship, finance, and service operations. 

Also Read: Bachelor of Business Management

Best Universities for MSc Business Management 

MSc Business Management is a course that allows you to switch careers from a totally unrelated discipline. Here is the list of top universities where you can pursue a Master in Business Management abroad:

University Name	QS Ranking 2024	Fees
Cardiff University	154	£11,950/INR 12.3 lakh
UWE Bristol	801	£15500/INR 15.60 lakh
University of East Anglia	307	£21,200/INR 21.34 lakh
University of Strathclyde	325	£25,100/INR 25.27 lakh
University of Portsmouth	701-750	£20,600/INR 20.74 lakh
Northumbria University Northcastle	651-700	£19,000/INR 19.13 lakh

MSc Business Management Syllabus 

Below is the syllabus for MSc Business Management. Students pursuing this degree will get to learn about these subjects. The syllabus is divided into core modules and optional modules. The optional modules are available only to full-time students in a university.

Core Modules	Optional Modules
Managing People and Organization	Entrepreneurship and Small Business Management
Strategic Marketing Management	Digital Business Management
Business Leadership and Change Management	Retail Marketing and Management
Integrated Business Decisions	Innovation Management
Accounting and Financial Management	Managing Across the Globe
	Developing Future Leaders

Also Read: MBA Marketing Subjects, Syllabus, Eligibility, and Scope

Best Universities for MSC Business Management

MSc Business Management is a course that allows you to switch careers from a totally unrelated discipline. Here is the list of top universities where you can pursue a Master in Business Management abroad:

University Name	QS World University Ranking 2024	Fees
Cardiff University	154	£11,950/INR 12.3 lakh
UWE Bristol	741-750	£15500/INR 15.60 lakh
University of East Anglia	295	£21,200/INR 21.34 lakh
University of Strathclyde	276	£25,100/INR 25.27 lakh
Northumbria University Northcastle	548	£19,000/INR 19.13 lakh
University of Portsmouth	502	£20,600/INR 20.74 lakh

Eligibility Criteria 

The eligibility criteria for MSc Business Management are as follows:

• Bachelor’s degree with 2.2 or equivalent in any discipline. However, degrees in dance, music, sport, art, and design will be considered on the basis of the academic content on a case-to-case basis.
• International students need to have an IELTS score of at least 6.0 -7.0 band/PTE score of 64.
• Two years of part-time work experience is required along with a management role within in house-management education/development.
• Other documentation requirements such as a statement of purpose, letter of recommendation, and gathered filled application form are required.

Application Process 

The application process for applying to Masters in Business Management involves an online application to the respective university for admission and submission of the required documents and verification of the same. An interview will be conducted in some instances for admission. Below is the application process that a student can follow for admission into the Masters in Business Management course.

• First, select the MSc Business Management course through the  AI Course Finder. 
• Next, the experts at Leverage Edu will help the student to start the application process with the respective university
• Documents such as SOPs, Essays, LORs, and IELTS, TOEFL needs to be submitted 
• The application process for accommodation,  student visas, and scholarships/student loans will be started by Leverage Edu experts.
• Finally, you can wait for the offer letter which takes around 4-6 weeks.

Also Read: Top Management Courses, Specializations & Scope

Documents Required 

The main documents required for MSc in Business Management admission are as follows. Students applying for the development studies admission are required to submit these documents.

• Submit academic Transcripts and updated resume
• A copy of the passport, and Visa needs to be submitted
• English Language Proficiency Test Scores, Letter of Recommendations, and Statement of Purpose
• Proof of financial security, an  updated resume, and a TB Test Certificate for UK Universities

Jobs and Salary

Students who have completed a Master’s in Business Management can apply for a variety of job profiles. Here is a list of the jobs and salaries of MSc business management students.

Designation	Average Salary Per Annum
Production Manager	$75,838/62.45 lakh
Finance Manager	$97,672/80.43 lakh
Marketing Manager	$69,753/INR 57.43 lakh
Management Consultant	$92,085/INR 75.82 lakh
Project Manager	$77,392/INR 63.73 lakh

Top Recruiter

Master in business management postgraduates are hired by several companies. Here is a list of the popular hiring companies for this course.

S.No	Top Hiring companies
1	Boston Consulting Firm
2	Bain & Company
3	NERA Economic Consulting Group
4	Frontier Economics Ltd.
5	Deloitte
6	Bloomberg
7	Capgemini
8	Colleges & Universities

Career Scope 

Students who have completed MSc management can go for further education in PhD, PGDM, or fellowship programs. They can also work as finance managers, marketing managers, production managers, management consultants, associate research managers, project managers, assistant professor managers, and business development managers.

MSc management post graduates are hired in several sectors. Several business organizations, the global tourism sector, international consultancy firms, government organizations, the banking sector, financial services, international marketing, and brand management firms are hiring fresh graduates from this course.

Also Read: MBA: A Detailed Guide

FAQs

MSc Business Management is a year-long postgraduate course. The course helps a student to prepare for a variety of industry sectors and gain useful business skills. A student from any discipline can opt for an MSc in business management, The course has incredible scope in business organizations, government departments, international marketing, and banking sectors, among others.

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