We recently announced our partnership with St. Catherine University and are thrilled to be working with a university that has such a strong tradition of preparing women to lead and influence. For our part, CareerPrep will be developing and teaching the career readiness curriculum for St. Kate’s new Masters of Science in Management (MSM) degree that is launching in the Fall of 2018. While common throughout Europe, Masters in Management degrees are relatively new to the United States. So, we thought we would take this opportunity to help you understand what exactly is an MSM degree, how does it compare to an MBA, and why it may be right for you (or your student).
What is a Masters in Management degree?
Depending on the university offering the program and the specific curriculum provided Masters in Management may be found under different names, including Masters in Management (MIM), Masters of Science in Management (MSM), or M.Sc in Management (MScM).
The MSM is a post-graduate degree targeting individuals who have just graduated or young professionals. The MSM layers a foundation of essential leadership, managerial, and comprehensive knowledge about varied management function such as Finance, Marketing, Consulting, Entrepreneurship, among many others. Graduates gain a clear understanding of how a business operates with a significant focus put on leadership skills and personal development.
How does it compare to an MBA?
The MBA is an ideal degree for people who want to take the next step in their careers, this can be in the form of switching career fields, promotional opportunities, securing a higher paying job, or becoming more qualified for a leadership or management position.
An MSM/MIM, on the other hand, is aimed towards people just entering the job market or who have been working for a short period of time. It is ideal for people who want to gain some advanced business skills or want to change from a non-business field to a business one. It allows students to gain relevant skills that the job market desires and put their career on a fast track.
MSM or MIM
Is an MSM right for you?
One of the most compelling aspects of the MS in Management is the opportunity it affords students to pursue their passions through their chosen baccalaureate degrees, and then layer essential management education and experience onto their undergraduate foundation. By doing so, the MSM recognizes and affirms the value of the liberal arts while also preparing students for the realities of the workplace – today and in the future.
A recent CareerBuilder survey showed 46% of employers are looking to increase their educational requirements for entry-level positions. The growing demand for graduate degrees, coupled with the projected long-term career benefits, point to the importance of a graduate degree to provide preparation and access to meaningful and rewarding careers. The Graduate Management Admissions Council (GMAC) survey found that 59% of companies across the globe plan to hire recent MSM graduates in 2017.
So, if you (or your college student) are looking to put your career on the fast track through gaining relevant skills that employers are looking for then consider the MSM program. It will provide a way for you to increase your employment options and distinguish yourself in the marketplace.
St. Catherine’s Masters of Science in Management is a 12-month program designed to provide a transformational skill set across key management disciplines. The program places an emphasis on experiential learning in the form of an internship, integrated case studies, applied industry research projects and community focused capstone. The MSM also includes a career readiness curriculum to accelerate employability and professional development of graduates. You can learn more at www.stkatemsm.com
We all want the best for our children! As they enter adulthood this typically includes a job that pays well, is fulfilling, and rewarding. What should your child do in college to ensure they achieve this ideal? A successful career exploration process provides insight, experience, and connections that ensure your child identifies and secures a meaningful and successful career. Here’s how you can help…
Far too many students pick a career with little understanding of what it will truly entail. A recent survey of high school seniors showed that 23% chose their career based off a TV show or movie. Young adults need a real and thorough understanding of what an occupation will mean for them. Are jobs in this field prevalent in certain parts of the country/world? Does the profession exist in a variety of industries? What skills are needed and what personality types do well? What are the educational requirements, are their certifications/accreditations required, and how much time and money will that cost? What are the typical advancement opportunities? What industry or economic factors influence this profession/industry? How has the professional changed and how will it change in the coming years?
So encourage your student to do their research! There is great information online and we recommend checking out O*net (onetonline.org). Students also need to get involved with the profession through reading trade magazines, listening to podcasts, attending meet-ups, join associations, and do informational interviews. As students learn about the profession they may learn that it isn’t what they thought it would be. However, if this insight solidifies their decision than they will have great industry knowledge when it comes time to get a job.
Students must get at least one internship! We recommend students intern at least the summer between their junior and senior year. There is nothing like actual hands-on experience in the profession to help them decide if this is the right career for them. 72% of students made minor or significant changes to their major or career choice as a result of their internship experience. Plus they will also build skills that future employers are looking for and connections that will help them in their job search.
Encourage your child to take advantage of fall & winter on-campus internship job fairs as well as seek out opportunities through their career center. Companies are increasingly posting internships on traditional job boards like Indeed.com or Internqueen.com as well.
The world of work is built on who you know. If your child’s career exploration process has included the above recommendations they will have built a strong network of industry contacts. Attending meet-ups, association meetings, conducting informational interviews and internship experiences will provide a robust network of contacts. Help your student learn to build and maintain these relationships by teaching them general networking etiquette including:
As your student develops insight, experience and connections they will develop a firm understanding of the occupation they choose as well as build the knowledge, skills and connections they need to secure a great first job out of college. Want more information on how you can support your student throughout the college years? Join us for our “Help Your College Student Find a Meaningful Career” free workshop on November 6, 2017. Get more information and register at http://careerprepsite.com/events
In the coming days and weeks millions of high school graduates will pack up and move to a college. If you, or your child, are one of these students, congratulations! Achieving this milestone required studying day and night and the pursuit of activities to help load college applications with “all the right” experiences. The race to graduation has been all consuming but don’t rest yet, you have one lap left.
Beginning Day 1, tackle your college experience with the following goals in mind: to graduate with a strong sense of self; pursue a profession reflective of your interests, skills, personality and values; and land that first full-time job – or graduate school – with confidence.
Here are 5 steps to achieve your college goals:
So, get to campus and make a strong finish! You will grow, transform, and lay the foundation for a rewarding career.