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Do you have an insatiable curiosity about how things work? Are you passionate about dissecting and analyzing existing processes and formulating new ones? If you say yes, you are an innovator and a leader in the making. As such, a master’s in innovation management degree will suit you best.
As a graduate of an online MSc or MA in innovation management program, you should prosper especially if you are able to add academic excellence to your accomplishments. The Bureau of Labor Statistics confirms that employment for management jobs will grow by 9% from 2020 to 2030. It will also create 906,800 new jobs for the same period.
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Overview:
Masters students of Innovation Management programs are taught to identify process loopholes, design methods to eliminate gaps and overcome process challenges, develop solutions or improve existing practices to meet production and market demands. Aspiring innovators will be immersed in advanced courses that prepare them for a challenging yet promising career in enterprise building.
Methodology
Our process of selecting the best schools for online master’s degrees in Innovation Management programs is based on certain factors that influence the quality of their students’ learning experience and outcomes for graduates. These are qualities that we look for in quality master’s degree programs:
- Fully or partially online classes that enable graduate students to pursue the Innovation Management degree comfortably in their own schedules and terms, and in a manner that does not compromise their careers and other personal obligations,
- Rigorous online or hybrid master’s degree-level coursework that exemplifies academic excellence by encompassing several specializations and covering the areas of marketing, technology, entrepreneurship, and modern management and enterprise-building techniques, while developing effective communication, creative thinking, and presentation skills.
- Expert professors who have had experience in Innovation Management, and the ability to shape master’s students into proficient individuals who qualify for top-level careers,
- Federal financial aid and discount tuition for qualifying online students,
- Accreditation from organizations that require member schools to comply with specific quality standards and guidelines,
- Good reputation in the Innovation Management field and among media and educational entities, which all play a critical role in their students’ employability.
For more information, see our Methodology page.
The 10 Best Online Master of Management of Innovation Graduate Schools
Purdue University – Online Polytechnic Institute
West Lafayette, IN
MS in Technology Leadership and Innovation
The online MSc in Technology Leadership and Innovation at the Online Polytechnic Institute of Purdue University is designed to sharpen your leadership skills and equip you with a sound understanding of technology strategy on a national and global scale. The program will provide you with an understanding of the effects of laws and policies on technology and their influence on organizational matters and human capital management.
The university delivers its innovation online MSc program via an asynchronous format. It allows students to study at their own pace but they are required to complete their assignments and exams at their respective due dates. You can complete this program in 22 months to five years.
Purdue Global earned its accreditation from The Higher Learning Commission (HLC).
Salve Regina University
Newport, RI
Online MS in Innovation & Strategic Management
The Online Master of Science in Innovation & Strategic Management at Salve Regina University was created to provide students with the ability to identify, evaluate and determine the strengths, weaknesses, and direction of an enterprise.
This online MSc in the management of innovation program is designed for working professionals and developing marketing managers who are driven by a desire to pursue an affordable advanced education.
Salve Regina University is accredited by the New England Association of Schools and Colleges.
Temple University – Fox School of Business
Philadelphia, PE
Master of Science in Innovation Management & Entrepreneurship
The MS in Innovation Management & Entrepreneurship at Temple University was created to empower you to cultivate innovative ideas and use them to give you personal and professional success. It teaches you to:
- Use creativity and analytical abilities to conceive and promote new ideas to produce products that will overcome the challenges of the present market,
- Formulate better approaches to meet procedural requirements,
- Develop an ability to recognize new ventures and tackle complex business cases,
- Identify new and underserved markets,
- Evaluate internal processes and push modifications or improvements to generate higher profits and give your organization a competitive advantage.
This master’s degree at Temple University is fit for working professionals, recent graduates, and entrepreneurs who aspire professional advancement or business success.
The Fox School is accredited by the Association to Advance Collegiate Schools of Business (AACSB) since 1934.
University of Denver
Denver, CO
Master of Science in Social Enterprise, Innovation, and Entrepreneurship
The Master of Science in Social Enterprise, Innovation, and Entrepreneurship at the University of Denver is aimed to help students master their competencies in nonprofit leadership and addressing community issues.
These are some of the most important things you will learn from the program:
- Identify the factors that help or challenge the development of a successful social enterprise,
- Develop design thinking, creative thinking, and other methods of examining marketing possibilities and the social value of an idea,
- Test the financial structure of social ventures using social innovation tools,
- Develop knowledge and skills that can help to give you professional and career growth in the nonprofit sector.
The University of Denver is accredited by the Higher Learning Commission (HLC).
St. John’s University
New York City, NY
Master of Science in Entrepreneurship & Innovation
The Master of Science in Entrepreneurship & Innovation program at St. John’s University is intended for enterprising individuals who aspire to establish their own enterprise or pursue successful innovation-related careers in established organizations.
This graduate degree is established through the collaborative efforts of the Tobin College of Business and the Collins College of Professional Studies.
St. John’s University is accredited by the Middle States Commission on Higher Education and its online graduate degree programs are accredited by the Association to Advance Collegiate Schools of Business.
Penn State World Campus – Smeal College of Business
State College, PA
Master’s in Corporate Innovation and Entrepreneurship
Penn State World Campus, the online campus of Pennsylvania State University, is offering a Master’s in Corporate Innovation and Entrepreneurship program designed for developing marketing managers and individuals with a game-changer mentality. The program intends to transform you into a qualified business innovator.
You are allowed to customize the program to give you the practical skills you need to establish an enterprise, improve existing processes, and achieve your entrepreneurial and professional goals.
The Pennsylvania State University is accredited by the Middle States Commission on Higher Education. The Smeal College is also accredited by the AACSB.
Walden University
Minneapolis, MN
Master of Science in Nonprofit and Leadership – Social Entrepreneurship and Innovation
The Master of Science in Nonprofit and Leadership – Social Entrepreneurship and Innovation at Walden University equips you with practical and leadership skills that you’ll need to promote game-changing ideas in nonprofit innovation and management. Students complete this program with a capstone project with all prior coursework as a prerequisite.
Walden University is accredited by The Higher Learning Commission, an accreditor of educational institutions recognized by the Council for Higher Education Accreditation and the Department of Education.
Drexel University Charles D. Close School of Entrepreneurship
Philadelphia, PA
Master of Science in Entrepreneurship & Innovation
The Master of Science in Entrepreneurship & Innovation at Drexel University is designed for individuals who desire to hone their entrepreneurial minds and leadership skills. It aims to provide students with the knowledge and competencies to create new enterprises or exercise their innovative talents to generate higher profits.
Pursuing an online MSc degree in entrepreneurism and innovation at Drexel University can help you learn many things including operations management and its effective and innovative uses to society. These include creativity, innovation management, and effective communication. These are frameworks that drive innovation to improve business processes.
Arizona State University – The Design School
Tempe, AZ
Master of Science in Innovation & Venture Development (MSIVD)
The Master of Science (MS) in Innovation & Venture Development degree program of Arizona State University is a transdisciplinary degree formed by ASU’s leading schools, Ira A. Fulton Schools of Engineering, W. P. Carey School of Business, and Herberger Institute for Design and the Arts. Its curriculum is a combination of three academic disciplines management, engineering, and design, which are considered the key to innovation.
ASU delivers its MSIVD program in two different methods, the traditional on-campus mode and the live, online mode where students attend their classes through a virtual classroom at scheduled or synchronous course meetings.
Grand Valley State University
Allendale, MI
Master of Arts in Social Innovation
The Professional Master of Arts – Social Innovation (PMASII) at Grand Valley University is created to prepare you to be a leader in creating an impact on your enterprise, organization, or community. It aims to equip you with the knowledge and skills to evaluate and address complex social drawbacks.
The PMAThe PMASI offers 36-credit-hour social innovation curriculum that focuses on humanistic and interdisciplinary solutions to social issues. The Grand Valley State University is accredited by the Higher Learning Commission (HLC).
Also worth mentioning on this list is the University of Maine master’s program in its School of Business. The Center for Entrepreneurship focuses on supporting master’s degree students and faculty in the areas of product development, entrepreneurship and innovation management.
Frequently Asked Questions
What are some of the objectives of Marketing and Innovation Management?
In a nutshell, the main objective of innovation management is to improve existing processes and methods or create new ones to facilitate efficiency. It focuses on the effective and innovative uses of creativity, critical thinking, and a game-changer mindset to help you achieve desired results. Some of the more popular goals of innovation management include:
- Foster innovative processes within an organization
- Gather ideas to facilitate improvement and possible change
- Work with top management to evaluate existing cultures, practices, and processes to eliminate gaps and loopholes that cause unnecessary costs and delays.
What are popular courses in a Master in Innovation Management curriculum?
Advanced innovation management deals with the creation of strategic processes, or the revision of existing ones to promote organizational improvements. It educates you about a broad range of topics. Some of its main subjects include:
- Creativity Skills Development
- Strategic Marketing
- Creative Thinking
- Design Thinking
- Digital Transformation
- Entrepreneurship
- Startup Management
- Organizational Design
You need a bachelor’s degree to qualify for admission to this advanced curriculum.
How is Innovation Management different from Entrepreneurship?
While innovation management and entrepreneurship overlap in many ways, they have a lot of differences. Innovation management involves formulating or promoting a new idea or solution to improve a process. On the other hand, entrepreneurship deals with starting an enterprise or turning ideas into new business opportunities.
What does an Innovation Manager do?
Innovation managers work to foster organizational revolution. They formulate strategic processes that allow an organization to innovate. They create strategies for people in the lower level of the organization to perform to achieve desired results. These managers are adept in leadership, strategic thinking and project management, research, and product design.
Key Takeaways
- Enrolling in a master’s degree in innovation management prepares you for a variety of positions in different industries.
- Graduates will display a wide array of knowledge upon completion, including core coursework and management skills.
- They manifest adaptability, creative thinking, and analytical skills to succeed as innovators in the modern world.
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