Organizational management may be defined as the process of controlling resources, planning, leading, and coordinating business activities. For an organization to run successfully, well-trained management is required. As business environments are becoming more specialized and complex, managers are redefining the organizational structure and are innovating new strategies to improve productivity. The role of management has become more important than ever. This has stressed the demand for experienced, skilled, and educated organizational managers who are able to create, plan, and coordinate a firm's resources and help achieve goals. Organizational management covers a wide range of occupations and careers. Individuals who wish to acquire expertise in this field may pursue organizational management degrees at associate, bachelor, and master's degree levels. Many institutes across the nation are offering organizational management degree programs.
Masters in Organizational Management Degree
A master's degree in organizational management is a graduate-level program. It is designed to help students learn about the basic and advanced principles of management in organizations. Students will master the art of getting objectives accomplished through effective management strategies. An organizational management master's degree will help students to understand the role of management in today's complex industries, compare and contrast leadership roles, analyze social issues that exist in workplaces, and formulate effective strategies to achieve organizational goals.
The curriculum of master's degree in organizational management will entail theory-based subjects along with practical courses. Students are required to study each component and earn credits to successfully be awarded the degree. It is important to remember that the curriculum is likely to vary a little from school to school. However, common subjects in the program have been listed below:
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Group and organizational dynamics
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Business technology
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Principles of management
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Managerial marketing
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Human resource management
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Research design and methodology
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Managerial accounting
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Business communications
Each course will highlight important areas that are linked to the overall management of organizations. Some curriculums may also include course projects and research papers. These help students develop strong research skills, interpersonal skills, and basically acquire practical experience.
Master's degree programs usually take two years to compete at most colleges. However, the duration may vary and could depend on factors like enrollment status and academic progress. Students who cannot pursue college education due to their full-time job may still fulfill their academic goal with the help of online programs. Online education is usually more accessible, affordable, and flexible. Many higher education institutes are now offering online degrees in organizational management.
Career Prospects
The career opportunities that come with a degree in organizational management are vast. Individuals could work at managerial job-levels in all kinds of industries such as healthcare, manufacturing, retail, nonprofit organizations, federal agencies, technology firms, and even financial institutions. The income level will vary from place to place, and will depend upon many other factors. The US Bureau of Labor Statistics has provided salary data for a number of management occupations. These jobs have been listed below along with median annual wage for the year 2012:
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Human resource manager $99,720
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Financial manager $109,740
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Industrial production manager $89,190
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Social and community service manager $59,970
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Marketing manager $115,750