Master of Management
Overview
The Master of Management (MM) is a postgraduate degree that focuses on the principles and strategies of management. It is designed to equip students with the skills necessary to lead and manage in a variety of business environments. The MM degree is often sought by individuals who aspire to hold leadership positions in organizations, or who are already in such roles and seek to enhance their management skills and knowledge.
History
The Master of Management degree originated in the United States in the late 20th century as a response to the growing need for managers with a broad understanding of business principles and practices. The degree was designed to provide a comprehensive education in management, with a focus on the development of leadership skills and strategic thinking.
Curriculum
The curriculum of a Master of Management program typically includes courses in areas such as organizational behavior, strategic management, human resource management, marketing, finance, and operations management. Some programs also offer specializations in areas such as entrepreneurship, project management, or international business. The curriculum is designed to provide students with a comprehensive understanding of the various aspects of management, and to develop their ability to think strategically and make effective decisions.
Admission Requirements
Admission to a Master of Management program typically requires a bachelor's degree from an accredited institution. Some programs may also require applicants to have a certain amount of work experience, while others may admit students directly from undergraduate programs. In addition, applicants may be required to submit scores from standardized tests such as the GMAT or the GRE, as well as letters of recommendation and a statement of purpose.
Career Opportunities
Graduates of Master of Management programs can pursue a variety of career paths in business and management. Potential roles include general manager, project manager, human resources manager, marketing manager, and financial manager. In addition, some graduates may choose to start their own businesses or work as consultants.
Comparison with Other Degrees
The Master of Management degree is often compared to the MBA, as both are postgraduate degrees that focus on business and management. However, there are some key differences between the two. The MM degree typically has a stronger focus on management theory and principles, while the MBA is more focused on practical application and often includes a broader range of business topics. In addition, the MM degree is often shorter in duration than the MBA, typically taking one to two years to complete compared to two to three years for the MBA.