Welcome to the Management Community!
Today’s managers are tasked with a multitude of strategic and tactical responsibilities, and the master’s in management online was designed to prepare you to be an agile and adaptive leader. According to the U.S. Bureau of Labor Statistics, management occupations are expected to grow 8% through 2031.
You be wondering, “What’s the difference between business administration and business management?”
Business management roles pertain to daily activities of employees. They oversee the internal operations of employees, conduct evaluations to monitor productivity, assess the efficiency and organization within the business and develop strategies to improve performance. In contrast, business administrators oversee the daily operations of an organization. They supervise management, hire new team members, lead meetings, and liaise with upper management to implement new policies and operational processes.
What Can I Do With My Degree? Management
With a degree in management, you could work in construction, corporations, public relations, government, health care, and nonprofit organizations. All industries require managers who are able to help organizations meet their strategic goals. A management degree is great to have if you are seeking to advance your career. SNHU offers 2 concentrations in management, learn more about those professional tracks below.
The need to improve portions of the national infrastructure will also spur employment growth as roads, bridges and systems are upgraded or replaced. Construction Managers make sure these projects finish on time and on budget, construction managers need to make sure everyone and everything – from start to finish – is working like a well-oiled machine. What’s more, additional oversight is now required for today’s innovative construction processes and building technology.
According to the U.S. Bureau of Labor Statistics, career opportunities for construction managers are expected to grow 8% through 2031.
- General Contracting
- Specialty Trade Construction
- Commercial Construction
- Residential Construction
- Heavy Construction
- Civil Engineering Construction
The U.S. Bureau of Labor Statistics (BLS) projects 3% growth for emergency management directors through 2032.2 The BLS believes the creation of new jobs is expected to result from the need to replace workers who transfer to different occupations or exit the labor force, such as to retire.
Duties:
- Assess hazards and prepare plans to respond to emergencies
- Meet with officials and the public regarding emergency response plans
- Organize response training for staff, volunteers and other responders
- Coordinate the sharing of resources across communities
- Analyze and prepare damage assessments
- Review emergency plans of individual organizations
- Apply for federal funding for emergency management planning, responses and recovery
- Review local emergency operations plans and make revisions if necessary
- Maintain facilities used during emergency operations
With these tasks, it may be your responsibility to lead the response in coordination with elected officials, government agencies, nonprofit organizations and public safety officials.
Top employers of emergency management directors in 20222 were:
- Local government (excluding education and hospitals): 56%
- State government (excluding education and hospitals): 15%
- Hospitals (state, local and private): 5%
- Colleges, universities and professional schools (state, local and private): 3%
- Professional, scientific and technical services: 3%
The master’s in healthcare management degree program provides a dynamic fusion of vital business principles with a solid concentration in healthcare. Among the business principles you’ll explore are:
- Effective business communication
- Leadership
- Organizational culture and brand
- Project management
- Strategic planning
- Talent support and development
Core management courses enable graduates to embrace broad opportunities in a variety of organizations, while concentration courses allow for more focused managerial positions within healthcare.
Career outlook:
Healthcare is the largest industry in the U.S., and it’s still growing. The U.S. Bureau of Labor Statistics (BLS) projects an average of 1.8 million healthcare job openings annually between 2022 and 2032 — more than any of the other occupational group. According to the BLS, employment of medical and health services managers is projected to grow 28% through 2032, much faster than the average for all occupations.1
SNHU’s program continues to evolve to meet marketplace demand, helping position you for success in procuring management roles in the healthcare segment and other diverse industries.
According to the American College of Healthcare Executives (ACHE), healthcare executives are needed in many settings2, including:
- Consulting firms
- Healthcare associations
- Hospitals
- Long-term care facilities
- Mental health organizations
- Public health departments
- Universities and research institutions
And with recent world events, the need for qualified medical and health service managers is even higher.
“The demand for medical and health service managers was exceptionally high prior to COVID-19 and will likely surpass anticipated projections in light of the global pandemic,” Caron said. “Healthcare is one of the largest employers and healthcare executives are called upon to successfully lead broad service networks.”
Here are ten prominent professional associations for management professionals across various industries. These associations offer various benefits including networking opportunities, professional development resources, certifications, and access to industry-specific knowledge and best practices. Depending on your specialization and industry, you may find some associations more relevant than others.
- Project Management Institute (PMI): Focused on project management professionals, offering certifications like PMP (Project Management Professional).
- American Management Association (AMA): Offers training, resources, and networking opportunities for managers across different industries.
- Association for Talent Development (ATD): Focused on talent development and learning professionals, offering resources and certifications.
- Society for Human Resource Management (SHRM): Primarily for HR professionals, offering resources, certifications, and networking opportunities.
- Institute of Management Consultants (IMC): For management consultants, offering certifications, resources, and networking opportunities.
- Association of Change Management Professionals (ACMP): Focused on change management professionals, offering certifications and resources.
- Association for Operations Management (APICS): For operations management professionals, offering certifications and resources in supply chain management and operations.
- National Management Association (NMA): Provides professional development, leadership training, and networking opportunities for managers.
- International Association of Administrative Professionals (IAAP): For administrative professionals and office managers, offering certifications and resources.
- Association for Financial Professionals (AFP): Focused on finance and treasury professionals, offering certifications and resources in financial management.
Certifications and micro-credentials can greatly enhance the skillset and marketability of management professionals. Here are ten recommended ones across different areas of management. These certifications and micro-credentials demonstrate specialized knowledge and skills relevant to specific areas of management, enhancing career prospects and credibility within the respective industries.
- Project Management Professional (PMP): Offered by the Project Management Institute (PMI), it’s one of the most respected certifications for project managers globally.
- Certified ScrumMaster (CSM): Provided by Scrum Alliance, it validates expertise in Scrum, an agile framework widely used in project management.
- Certified Manager (CM): Offered by the Institute of Certified Professional Managers (ICPM), it validates management skills and knowledge across various industries.
- Certified Change Management Professional (CCMP): Offered by the Association of Change Management Professionals (ACMP), it validates proficiency in managing organizational change effectively.
- Certified Professional in Learning and Performance (CPLP): Offered by the Association for Talent Development (ATD), it validates expertise in talent development, training, and learning.
- Six Sigma Certification: Offered by various organizations like the American Society for Quality (ASQ) or the International Association for Six Sigma Certification (IASSC), it validates skills in process improvement and quality management.
- Certified Management Consultant (CMC): Offered by the Institute of Management Consultants (IMC), it’s a globally recognized certification for management consultants.
- Certified Supply Chain Professional (CSCP): Offered by APICS, it validates expertise in supply chain management, a critical aspect of operations management.
- Certified Financial Manager (CFM): Offered by the Institute of Management Accountants (IMA), it validates proficiency in financial management, strategic planning, and analysis.
- Certified Professional in Healthcare Quality (CPHQ): Offered by the National Association for Healthcare Quality (NAHQ), it validates expertise in healthcare quality management.
Management professionals benefit from a diverse skill set that includes both soft skills and proficiency in various software tools. Following are ten recommended software and skills for management professionals. These software tools and skills empower management professionals to effectively organize, analyze, and communicate information, ultimately driving organizational success.
- Microsoft Excel: Proficiency in Excel is essential for data analysis, financial modeling, and creating reports.
- Project Management Software (e.g., Microsoft Project, Asana, Trello): Competence in project management tools aids in planning, scheduling, and tracking project progress.
- Microsoft PowerPoint or Prezi: Ability to create compelling presentations for communicating ideas and strategies effectively.
- Customer Relationship Management (CRM) Software (e.g., Salesforce, HubSpot): Familiarity with CRM tools facilitates customer interactions, sales tracking, and marketing campaigns.
- Enterprise Resource Planning (ERP) Systems (e.g., SAP, Oracle): Understanding ERP software enables efficient management of resources, processes, and data across an organization.
- Data Analytics and Visualization Tools (e.g., Tableau, Power BI): Skills in data analysis and visualization help in making informed decisions and identifying trends.
- Communication Skills: Effective communication, both written and verbal, is crucial for conveying ideas, providing feedback, and resolving conflicts.
- Leadership and Team Management: Ability to inspire and lead teams, delegate tasks, and foster a positive work environment.
- Strategic Planning and Decision-Making: Competence in strategic thinking, setting goals, and making data-driven decisions to achieve organizational objectives.
- Change Management Skills: Proficiency in managing organizational change, including assessing impacts, communicating changes, and facilitating adoption.
MBA VS. MS Degrees: Understanding the Difference
A Master of Business Administration (MBA) is a great choice for anyone who wants an advanced business degree with a broad focus that can apply across industries. If you are looking to move into a managerial role or advance to upper management in your organization, a Master of Science in Management (MS MGT) is the ideal degree. For those seeking to lead organizational change efforts, build consensus, and inspire creativity, a Master of Science in Organizational Leadership Degree (MSOL) is the degree of choice. Here are some additional skills that differentiate each degree track:
MBA | MS MANAGEMENT | MS ORGANIZATIONAL LEADERSHIP |
Organizational Strategy | Direct Daily Operations | Leading Change |
Data Analysis & Interpretation | Project Management | Motivation |
Global & Cultural Awareness | Resource Planning | Performance Management |
Promote Sustainability | Decision Making | Team-Building |
Continuous Improvement | Conflict Management | Trust |
Ethical & Legal Standard Compliance | Difficult Conversations & Negotiation Skills | Human Resources |