MSc in business management is a one-year postgraduate degree (3 yrs 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 |
This Blog Includes:
Why Study MSc in Business Management?
Below are the reasons a student should opt for 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 disciple. Here is the list of top universities where you can pursue Masters in Business Management abroad:
University Name | QS Ranking 2023 | Fees |
Cardiff University | 166 | £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 |
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 |
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 is 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 require to submit these documents.
- Submit academic Transcripts and updated resume
- A copy of the passport, 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 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 |
Hiring Companies
Master in business management post graduates is 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 |
Future Scope
Students who have completed MSc management can go for further education in Ph.D., PGDM, or fellowship programs. They can also work as finance managers, marketing managers, production managers, management consultants, associate research managers, project managers, assistant professor management, and business development management.
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 in business management is a course that can be pursued by students who want to have a successful business management career. The postgraduate course helps the students get entry to a variety of business industry sectors. A student can pursue Msc in business management irrespective of their previous educational background.
MSc in business management prepares a student for the business world by imparting in-depth knowledge of the business. The course helps a student to focus on the specifics within the chosen industry. Students are also prepared to manage large and small companies.
Both MBA and MSc are good postgraduate degree courses. However, MBA is considered a more professional degree than Msc in business management.
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 Msc in business management, The course has incredible scope in business organizations, government departments, international marketing, banking sectors, among others. To discover more articles like this, visit the study abroad experts at Leverage Edu.