Top Online MBA Programs in Management
| OnlineMBA.com Staff
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Top online MBA in management programs can provide the advanced skills necessary to land high-paying managerial roles. If you're wondering what you can do with a master's in management, your options include working in various fields such as marketing, human resources, health services, and sales. Bureau of Labor Statistics (BLS) data indicates a $109,760 median annual salary for management professionals in 2020.
The following top online MBA degree guide features common benefits and career paths associated with this degree. Use this page as you research the best online MBA in management for your career goals and schedule. You can also learn more information about program curricula, format options, and relevant resources such as scholarships and professional organizations.
What Is an MBA in Management?
Designed for aspiring managers, the MBA in management cultivates the advanced planning, supervision, and decision-making skills needed to oversee organizational planning, staffing, and operations.
Graduates work in various industries, including healthcare, retail, and information technology. Common job titles for MBA graduates include project manager, general manager, and administrative services manager. With requisite experience and talent, top MBAs may qualify for executive positions such as chief executive officer, president, or vice president.
The BLS projects a 9% growth in management occupations between 2020 and 2030. Your online management MBA can help secure a position in a stable field with promising growth.
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Why Should You Get an Online MBA in Management?
Top online MBA degrees in management benefit graduates by enabling skills-building, networking, promotion, and salary advancement. MBA coursework exposes students to advanced, applied business skills such as marketing analysis, strategic planning, and financial decision-making.
The best management MBA programs incorporate real-life examples and engage students in onsite capstone research projects or internships, allowing learners to apply their skills. Since MBA programs attract many working professionals seeking career advancement, enrolling in these programs can facilitate valuable professional networking and mentorship.
Many working professionals pursue an MBA seeking salary advancement. Business-related bachelor's degrees usually meet entry-level education requirements for many management positions, but many high-paying executive positions go to candidates with advanced degrees such as an MBA. Salaries vary based on industry, company, and position. Median annual salaries for managers typically range from $49,160 to $151,150 in 2020, according to the BLS.
What Can You Do With an MBA in Management?
As directors of entire organizations, CEOs make major decisions, generate strategic plans, and oversee operations. CEOs need strong collaboration skills, as they oversee management staff and consult with various departments. These professionals also require advanced leadership skills, confidence, and communication skills such as public speaking. CEOs make an average salary of $156,522 as of December 2021, according to PayScale.
VPs of operations work closely with company presidents to increase profits by finding ways to cut costs, increase efficiency, adjust pricing, or create new revenue streams. These professionals supervise other managerial staff, address operations issues, monitor competition, and ensure compliance. Strong communication, leadership, and management skills are essential for success in this role. According to PayScale, vice presidents make an average annual salary of $131,493 as of December 2021.
These professionals monitor and work to improve employee safety, efficiency, and achievement. Divisional VPs and general managers set division goals, supervise subordinate managers and staff, represent the company, and report to boards of directors regarding division performance. Marketing program development, infrastructure evaluation, and strategy development also fall under their purview. Divisional vice presidents and general managers make an average annual salary of $137,695 as of December 2021, according to PayScale.
Sometimes titled business office managers, facility managers, or records and information managers, administrative services managers supervise services such as facility maintenance, office maintenance, and recordkeeping. Skills in organization, planning, and observation help these managers set departmental goals, monitor facility operations and regulatory compliance, supervise personnel, and oversee systems and equipment maintenance. In 2020, these professionals made a median annual salary of $98,890, according to the BLS.
Tasked with overseeing project budgeting, planning, and execution, these managers require excellent financial and personnel management skills. Specific tasks and duties depend on the project at hand, but project managers usually meet with clients, oversee resource distribution, and address issues as they arise. According to PayScale, project managers make an average annual salary of $73,495 as of December 2021.
Online MBA in Management Curriculum
Online MBA curricula vary by school and program. However, all programs include foundational management coursework, including strategic planning, business development, financial reporting, and leadership. See below for a sampling of common courses in online MBA management programs.
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How to Choose the Right Online MBA in Management Program
Top online MBA programs in management differ in purpose, structure, quality, and cost. Prospective students should compare programs carefully to choose the program most conducive to their career goals.
Learners interested in graduate-level studies should research various management master's programs. Many new college graduates opt for a Master of Science in management or master's in management which focus on people management, do not require relevant work experience, and usually take about half the time and money of a traditional MBA.
Experienced business professionals usually choose master's degrees in project management, which focus on complex project management and problem-solving in industry, or traditional or executive MBA programs designed for aspiring executives. Busy working professionals often enroll in part-time programs. Students with more time may choose an accelerated program that offers intensive courses and multiple terms throughout the year.
Many management master's programs offer curriculum concentrations in specific management areas. Prospective students should identify programs offering coursework relevant to their career goals. Top MBA programs often entail extracurricular requirements such as internships or capstone projects. Learners should ensure they can meet onsite requirements before applying.
The best online MBA programs exist at regionally accredited institutions and boast programmatic accreditation from the Accreditation Council for Business Schools and Programs, the Association to Advance Collegiate Schools of Business, or the International Accreditation Council for Business Education.
Scholarships for Management MBA Programs
The following scholarships represent just a few of the scholarships available to eligible MBA in management students. Schools, governments, professional organizations, and private and public foundations usually grant scholarships to college and graduate students based on student merit, financial need, or identity. Scholarships often require U.S. citizenship, enrollment in relevant programs at accredited schools, and demonstration of academic merit through submission of official transcripts and recommendation letters.
Who Can Apply: Designed to encourage diversity in government, this scholarship awards $10,000 to minority students enrolled in government management-related graduate programs. Applicants must plan to pursue a career in local or state government.
Who Can Apply: This scholarship goes to one Golden Key member applying to or enrolled in a graduate program at an accredited school. Application materials include a personal statement, recommendation letter, resume, and transcripts.
Who Can Apply: HIMSS members enrolled in accredited graduate programs related to health information and technology may apply.
Who Can Apply: Minority first- or second-year graduate students enrolled in programs related to healthcare administration may apply. Eligible applicants demonstrate community-service commitment, financial need, and academic excellence. Applicants require a minimum 3.0 GPA and U.S. citizenship.
Professional Organizations for Management
Many MBA students and graduates turn to professional organizations for career advancement resources such as job boards, networking opportunities, and continuing education. Through publications, conferences, and news updates, professional organizations also help management professionals stay current in their fields.
A global nonprofit boasting 300 chapters around the world, PMI develops professional standards, runs conferences and networking events, and provides training and other educational opportunities. PMI also offers project management publications, research, and accreditation.
Designed to support businesswomen in various professions, ABWA provides conferences, scholarships, and a career center. ABWA also offers various educational programs and publishes the magazine Women in Business.
Dedicated to the promotion of management careers and education, AMA offers members conferences, training, online learning, and academic research related to management.
Devoted to supply chain management education, this nonprofit provides training, networking, and certification programs for supply chain management professionals.
This nonprofit offers talent development professionals online learning resources, publications, and research project findings. ATD also offers certifications, workshops, and conferences.
2022's Best Online MBA Programs in Management
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