Is a Master’s in Management Worth It?

Written by Grad School Center Team We are a passionate team of experienced educators and advisors at, dedicated to guiding students through their graduate education journey. Our experts, with advanced degrees across various disciplines, offer personalized advice, up-to-date program information, and practical insights into application processes.

Reviewed by David Krug David Krug is a seasoned expert with 20 years in educational technology (EdTech). His career spans the pivotal years of technology integration in education, where he has played a key role in advancing student-centric learning solutions. David's expertise lies in marrying technological innovation with pedagogical effectiveness, making him a valuable asset in transforming educational experiences. As an advisor for enrollment startups, David provides strategic guidance, helping these companies navigate the complexities of the education sector. His insights are crucial in developing impactful and sustainable enrollment strategies.

Updated: March 20, 2024, Reading time: 8 minutes

Find your perfect college degree

Grad School Center is an advertising-supported site. Featured or trusted partner programs and all school search, finder, or match results are for schools that compensate us. This compensation does not influence our school rankings, resource guides, or other editorially-independent information published on this site.

If you want to gear up for a managerial career and build some solid connections, there’s a good chance you’ll be faced with a myriad of options after your undergraduate program. You may wonder, is a master’s in management worth it, or should you go with a traditional MBA? 

We’ve explored a master’s in management (MiM) in detail based on financial, growth, and learning aspects. We’ll uncover each of the aspects to help you decide whether a MiM is worth your time and investment. 

Is a Master’s in Management Worth It?

Considering the huge number of business degrees, it’s valid to wonder if a master’s in management will reap better results than the rest. According to GMAC’s Applications Trends Survey, there has been a 3.2% increase in specialized master’s programs and a noticeable fall in traditional MBA degrees. This means a shift towards MiM programs is inevitable. 

Women in graduation gowns joyfully jumping in the air after receiving their diplomas

That being said, a master’s in management is generally a worthy investment that prepares you for leadership roles, HR gigs, and other managerial positions. Unlike an MBA, this degree requires fewer credit hours, so you don’t have to wait years before pursuing your dream career. 

From a curriculum viewpoint, MiM focuses more on hands-on project management skills, capital management, and strategic leadership. Simply put, the degree is less about business functions and more about drawing insights from global leaders. However, whether it’s worth your bucks and time ultimately boils down to your career goals and expectations from the degree. 

Benefits of Studying a Master’s in Management

The good news is that numerous benefits come your way with a master’s in management degree under the belt. Especially if you’re already knee-deep in your career and looking to level up, a master’s in management is just what you need to climb the organizational ladders. Some core benefits of the degree include: 

Helps You Stay Competitive 

For most employers, a master’s degree in a relevant field is the benchmark for managerial roles. Holding a master’s in management levels your competitiveness and makes you fit top roles within an organization. 

The best part? Modern employers are no longer fixated on traditional MBAs. Instead, they’re more appreciative of individuals who stand out from the crowd with MiM degrees. Plus, the targeted and practical nature of this degree sets you up for critical roles within different industries. 

Offers a Versatile Educational Experience 

At its core, the master’s in management degree is tailored to enrich students with deep theoretical knowledge. It offers many elective courses, which you can pick depending on your interests. These programs may include subjects like business psychology, consumer behavior, e-commerce, and business ethics. 

To keep up with the ever-evolving job market, many business schools are now adding more practical and hands-on experiences to the curriculum. These practical courses include internships, guest lectures, and working alongside business professionals. Even better, some universities connect you to big names like Google for more versatile career opportunities. 

Yields Financial Rewards 

Along with preparing you for the job market, a master’s in management can also lead to a higher salary and more financial potential. This difference becomes more evident when comparing the average earnings of individuals with bachelor’s degrees vs. those with master’s. 

So, if you have an undergraduate degree and wish to scale up to the top level, a master’s in management degree will help you. 

People sitting at tables in a room, engaged in conversations

Builds Managerial Skills 

The field of management is massive, so it requires acquiring a set of managerial skills to meet the needs of the field. A master’s in management degree is designed to equip you with the right skill set for the job. The key skills the degree helps you acquire include: 

A master’s in management degree prepares you for real-world business scenarios long before you actually face them. By the end of the program, you’re set to navigate the challenges of global affairs. 

Offers an Internationally-Oriented Program 

The master’s in management degree is gaining popularity in Europe and other regions like Canada, Asia, and Australia. This upward trajectory is mainly due to the international orientation of most MiM programs. Mostly, the degree is taught in English so that a diverse audience can benefit from it. 

The most popular countries that teach a MiM degree in English include Germany, France, the US, Poland, and the UK. 

Is a Master’s in Management Better Than an MBA Program?

While a master’s in management degree is more favorable for freshmen in the field, the MBA is typically pursued by professionals who have already tapped into the business setting. The latter are more focused on career development and pay raises. 

On the flip side, MiM graduates want easier access to the job market. Yet, they may not immediately secure managerial roles right after degree completion. However, it’s on you to decide which degree is worth your time and investment. Let’s break down the differences between the two programs to make it easier. 

Program Duration

When it comes to timelines, a master’s in management typically requires around 12-18 months to complete. However, the actual time frame depends on whether you choose to pursue it as a part-time or full-time student. 

Meanwhile, MBA programs tend to stretch out over a full two years. However, you can also opt for an executive MBA, or an accelerated MBA which can be completed in less than two years. 

Three students sitting on grass while studying together

Cost of Education

Typically, the cost of attending a master’s in management program is easier on the wallet than an MBA. In fact, the lower prices of MiM make it a far more attractive option for students wanting to explore opportunities in the business setting. This lower barrier to entry broadens the pool of prospective students from different backgrounds. 

Work Experience 

Usually, master’s in management programs seek internship experiences rather than full-time work experience. This allows students to gain practical exposure and build valuable skills in a professional setting without having it done beforehand. 

On the other hand, MBA programs require a minimum of three years of full-time work experience alongside professional honors. While this favors that MBA students are highly competitive when they get in, it may pose a major barrier for those who fail to acquire full-time jobs after their bachelor’s. 


As for the syllabus, a master’s in management offers general or surface-level knowledge about management. On the other hand, MBA focuses on scratching the surface to dig out real-case business studies. 

While both degrees are postgraduate management programs, their curriculum may vary a lot. One cool thing about MiMs is that the content remains consistent no matter where you study. So, whether you’re a master’s in management student in Illinois or California, you’ll cover similar ground.

MiM has more courses than an MBA, while the MBA has more elective courses. Here are some of the main courses from both degrees. Also, the former is more focused on practical learning, while the latter is more about developing skills. 

Master’s in Management Courses 

Some key courses of a master’s in management include;

Master’s in Business Administration Courses

These are the MBA course options: 

A woman in a library, holding a book

What Are the Best Universities to Study for a Master’s in Management?

While the choice of college may vary from person to person, some of the best universities for master’s in management include MIT Sloan, Stanford University, New York University, Yale University, Stanton University, and the University of Southern California. However, it’s necessary to research thoroughly before making a decision. 

Is It Possible to Study MiM Without Taking the GMAT Exam?

Yes, numerous universities in the US accept admissions without requiring the GMAT score. Some colleges offer provisional GMAT waivers based on certain criteria, while others simply don’t require GMAT scores for admission. Again, it’s best to check with universities to see whether they offer waivers for MiM. 

What Career Prospects Can a Master’s Degree in Management Offer?

After completing your master’s in management degree, you’re open to various career paths. You can pursue one that aligns the best with your needs. The degree’s most common yet fruitful career prospects include sales, training, project, and operations managers. 


If now feels like the right time to advance your career in management without wasting years on an MBA, it’s time to get your hands on a master’s in management. Given that the degree enjoys popularity, a master’s in management can be a worthy option if it aligns with your interests.

We’re certain of one thing—your search for more information on picking the best graduate degree or school landed you here. Let our experts help guide your through the decision making process with thoughtful content written by experts.