A Master’s Degree in Business Management differs from an MBA (Masters in Business Administration). More colloquially known as a MIM or MBM, a Business Management Graduate degree focuses on specialization as opposed to the generalist approach of an MBA program. While both degrees have the same central subjects like economics, finance, and some accounting, MBM graduate school primarily deals with the basics in the core subjects and then have the graduate student specialize. An MBA degree essentially centers on the core subjects.
Due to this specializing characteristic, career paths for Master’s in Business Management holders have narrower but stronger employment options compared to those for MBA graduates. In the workplace, administrators (MBA) usually make sure that the day to day operations of a company is running smoothly. On the other hand, managers (MBM) deals with the development of long-term planning and strategizing for the company or organization.
Manager or Department Head of Human Resources is perhaps the most common career path for MBM holders. HR managers have a crucial job in a company; hiring, training and retaining skilled workers need focused effort and expert planning. Master’s Degree in Business Management graduates are expected to perform the responsibilities efficiently; Business Management schools hone students’ skills in managing people through case studies and practical workplace experience. Juggling both the corporate and human aspect of employment can be a tough act, and an MBM equips you for it—your company’s shareholders and colleagues expect this from you.
A lot of Finance Controllers also have a MBM degree on top of their CPA license. Unlike a generalist MBA, MBM graduates are trained CPAs who focus on the minute details and are adept at people management. Whether it be reconciling records of credit and debit transactions, managing personnel that document the numbers, or controlling the flow of capital, finance controllers who are MBM graduates are trained to handle it all. Because a lot of finance controllers are also given participatory shares in a company due to their essential services, finance controllers get substantial profit shares and bonuses.
Many Master’s Degree in Business Management graduates freelance as management analysts. With a bird’s eye view of the organization and laser-focused skills and specializations, optimizing businesses comes naturally to an MBM holder. Management analysts, for one, can pinpoint limitations to and inconsistencies in company revenues and determine factors for reducing employee burnout or attrition.
Lately, Vice Presidents, particularly in Marketing departments, find an MBM degree useful. Most of the time, those now occupying the C-Suite (CEO, CFO, CMO and other important “Chiefs”) office formerly held VP positions. C-Suite and VP responsibilities concern market analysis, predictions as well as long-term planning and high strategy and for this reason, company decision-makers prefer MBM degree holders.
MIM is a cost-effective alternative to the MBA. A MBM degree can open new doors. As they say, with this degree you transform the corporate ladder to a high-speed elevator.