Last Updated on January 19, 2023
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master programs in business
What Are the Different Types of Business Master’s Degrees?
If you’re an early-career professional and want to enhance your business knowledge, build your network, and stand out to employers, pre-experience business master’s programs are the perfect option.
But with multiple business master’s programs available, including generalist and specialized masters degrees, it can be difficult to identify which program is most suitable for you.
So, what are the different types of pre-experience business master’s degrees?
Types of business master’s programs
Master in Management
A Master in Management (MiM) provides a thorough grounding in business and managerial topics through a mixture of theoretical and experiential learning.
“Corporations seek professionals with a deep understanding of business fundamentals, and a Master’s in Management is a great next step for many,” says Susan Berishaj, founder of Sia Admissions Consulting.
As a result, the in-demand MiM degree is perfect for those who want to graduate with various career options across industries like consulting, finance, and technology.
Master of Marketing
A Master of Marketing degree is for those looking to build their skills and knowledge of marketing principles like strategy and branding. With this subject-specific knowledge, you can expect to land roles in sales, advertising, or brand management.
Many of the top Master of Marketing programs are found in Europe at business schools like HEC Paris, but Ivy League giant Columbia Business School also offers a marketing master’s degree.
Master of Finance
During a Master of Finance, students gain an in-depth knowledge of financial fundamentals and are prepared for high-flying finance careers.
“This is a degree that will continue to remain in demand because of its cross-industry relevance,” says Susan from Sia Admissions.
Many of the top business schools for Master of Finance degrees are located in Europe or the US. To gain a Master of Finance degree at a top institution like London Business School, however, you may need to have work experience in finance to apply.
Master of Accounting
The Master of Accounting (MAcc) is geared towards those wanting to gain more accounting experience and knowledge that would allow them to become a Certified Public Accountant (CPA), chartered accountant, auditor, or corporate controller.
Master of Accounting programs offer courses in forensic accounting, auditing, and advanced managerial accounting.
Master of Business Analytics
The Master of Business Analytics (MBAn), or the Master of Data Analytics, is geared towards those wanting to learn how to leverage data-driven decision making to solve business challenges across industries like insurance, health care, banking, and consumer products.
“In a world of reports and numbers, employers are looking for candidates that can analyze and make decisions based on data,” notes Jenifer Turtschanow, CEO of ARINGO MBA Admissions.
Master of Supply Chain Management
If you’re interested in solving the challenges facing company supply chains, then the specialist Master of Supply Chain Management (MSCM) degree is for you.
MSCM programs provide a deep dive into supply chain operation, considering technology, strategy, and analysis methods. Like many pre-experience master’s degrees, you won’t typically need experience in the field, but you may need to complete prerequisite courses.
Master of Information Technology
Want to gain specialist knowledge of information technology? The Master of Information Technology, or Master of Business Information Technology, could be your best choice.
During a Master of Information Technology, you’ll learn about database theory and application and cybersecurity, preparing you for jobs like project manager and IT consultant.
Generalist vs specialized master’s?
Generalist master’s programs, such as the Master in Management, offer a broad overview of business fundamentals and help prepare you to enter a range of managerial careers.
These degrees help “students acquire transferable skills and hands-on learning experience that helps them understand the complexities of business,” says Susan from Sia Admissions.
The MiM is different from an MBA, which is also a generalist master’s degree, as it’s designed for students who have less than two years of work experience, while an MBA typically caters for those with four or more years work experience.