What can you do with an MSc Management?
Management MSc’s are excellent for laying a foundation of key transferable skills to put to use in the workplace. But what jobs can they lead to? Find out here.
An MSc in Management is an excellent away to lay a foundation of key transferable skills you can later put to use in the workplace. Management Masters degrees aim to provide students with a host of desirable skills, including business analysis, quantitative research techniques, entrepreneurship, sensitivity to organisational needs, and more.
These skills, coupled with knowledge of concepts such as e-commerce, enterprise, globalisation, and sustainability, make management Masters graduates valuable assets to firms in a wide range of industries. These are just some of the careers you can build on the back of an MSc Management degree.
MSc Management graduate jobs
Scores of opportunities exist in management roles with employers in the private, public, and voluntary sectors. Industries as diverse as utilities, fashion, health, chemicals, and construction all require managers with a clear understanding of systems, efficiency, and operational issues.
Many larger firms offer commercial roles, providing experience across several departments. Other firms encourage specialisation from the outset. We have collated some career paths that are directly related to a management Masters degree below.
Business development manager
As a business development manager, you will identify new business opportunities to generate revenue, improve profitability, and grow the business.
Responsibilities
Research and identify new business opportunities
Develop and maintain business relationships with colleagues and clients
Prepare client contracts
Train team members
Liaise with the marketing team to discuss promotional strategies
Seek ways to improve the business
Project manager
Project managers are responsible for the successful completion of a project. They monitor work to be completed, set deadlines, and delegate tasks the members of their project team.
Responsibilities
Initiate projects by checking feasibility, calculating budgets, teams, and resources
Lead and motivate the project team
Identify and manage risks
Implement changes where necessary
Report to both management teams and shareholders
Supply chain manager
Supply chain managers oversee and manage every stage of the production flow in a business. They ensure the correct amount of product is manufactured and organise the movement of goods between distribution centres to stores and customers. These tasks are underpinned by proficiency in trend forecasting and inventory management.
Responsibilities
Cooperate with procurement managers to source products
Negotiate contracts with suppliers
Plan and implement a logistical strategy
Develop forecasts and inventories while maintaining accurate records for performance analysis
Assess supply chain’s environmental footprint to meet sustainability targets
Incorporate new technologies and keep abreast of the latest trends and developments in the sector
Business analyst
Business analysts plan and manage an organisation’s processes in line with its goals. This could be for one project, or as a permanent fixture within the company.
Responsibilities
Communicate with colleagues to understand departmental needs
Work with stakeholders to investigate feedback into the service or product provided
Use data modelling to analyse your findings and create suggestions for future operational improvements
conduct opportunity and risk assessments based on your findings and suggestions
Insurance underwriter
Insurance underwriters decide if insurance applications should be accepted, and also write the terms and conditions of an agreement.
Responsibilities
Assess insurance applications
Study background information to effectively assess risks, and then decide on the premium
Negotiate terms with policyholders or their brokers and draw up contracts
Specify agreement conditions
Work experience for a management Masters degree
To stand out from the crowd when applying to a job after completing an MSc in Management, it is advisable that you focus on an area you would like to work in and gain relevant work experience.
You can do this at university through extracurricular activities, such as joining or club or taking on a role with responsibility (e.g. society treasurer). Alternatively, you could look for part-time work in your chosen area. Essentially, you should seek a position that provides you with commercial skills and knowledge of the business functions in your chosen sector.
Further study
While Masters degrees typically mark the end of formal education, further study is certainly an option. Subjects such as finance, human resources, computing, and international business management are popular choices – and rewarding careers.
Those combining study with a job often work towards a professional qualification, usually supported by their employer. Professional qualifications popular with business management graduates are provided by organisations such as the Association of Chartered Certified Accountants (ACCA) and the Chartered Institute of Management Accountants (CIMA). Also, if you are interested in a pursuing career in law, you can take a Law Conversion Course.
