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What can I do with a Masters in Business Management?

Discover the career paths you can pursue with a Business Management Masters as well as what salary you can expect to earn.

A business management career can be a rewarding path, with a broad variety of job opportunities that serve an important function in a healthy economy.

Furthermore, careers with a business management degree call for advanced skills which can lead to you earning a higher salary. Undergraduate business degrees are useful, and a postgraduate qualification like a Masters or an MBA even more so.

In this article we examine the types of jobs that require a degree in business management and what sort of salary you can expect with a Masters.

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Business management careers

If you’re interested in business, a Masters degree gives you a full range of advanced knowledge and skills to succeed in almost any organisation and any function.

Any business management career will likely expect you to have a firm understanding of:

  • Accounting
  • Customer service
  • Digital business skills
  • Management
  • Marketing
  • Metrics and analytics
  • Operations and logistics
  • Sales
  • Strategy

A Masters course will build on any skills from your previous work experience or Bachelors degree (whether in a related or unrelated subject) and develop your leadership abilities. If you’re interested in advancing your business career, or even starting your own company, a business management masters will prepare you to seize new job opportunities with confidence.

Where can business management take you? 

To reach a higher position in your business career or move up a salary bracket, completing a Masters in business management is a big CV-boosting strategy. It demonstrates to employers that you’re committed to your business career and that you have the understanding and experience necessary to take on greater responsibility.

You might already work in business or be planning a career transition. Not all business management jobs require a Masters but completing the qualification will likely unlock further opportunities in the field.

What jobs can you do with a Masters in business management?

  • C-Suite positions (CEO, CFO, CTO or COO)
  • Business analyst
  • Chartered accountant
  • Project manager
  • Management consultant
  • Data analyst
  • Business development manager
  • Human resources manager
  • Operations manager
  • Sales executive
  • Marketing director
  • Retail manager
  • Logistics manager
  • Compliance officer
  • Risk manager

This is a non-exhaustive list of potential roles, and if you start your own business you may take on some or most of these responsibilities all by yourself in the early days.

Luckily, two or more years of studying a Business and Management Masters will give you the resilience and broad-based skillset you need to thrive in any of these positions.

It’s also worth noting that aside from the hard, technical knowledge that a postgrad degree will give you, all of these roles demand some level of soft skills. A Masters course that helps you develop in areas such as communication, negotiation and people management will complement any similar experience you pick up in the workplace.

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What salary could I earn with a Masters in Business and Management? 

Money isn’t everything – but if you’re invested in a career in business management, it’s likely (and ought to be) a motivating factor.

According to the Bright Network, the average salary in the UK for a business management role is £37,000. This broad figure covers all kinds of positions at all levels.

However, Payscale.com breaks down average earnings for specific Masters in business management jobs as follows:

Job Title

Range (estimated)

Average
Account Executive £19k - £28k £23,083
Project Coordinator £20k - £32k £25,286
Project Analyst £24k - £36k £29,787
Marketing Manager £22k - £60k  £32,573
Account Manager £25k - £55k £33,886
Process Improvement Manager £24k - £52k £35,328

Customer Success Manager

£23k - £57k

£35,862

Business Consultant £23k - £59k £36,147
Operations Manager £25k - £59k £38,211
Business Analyst £31k - £54k £40,267
Business Manager £19k - £93k £42,562
Business Development Manager £33k - £66k £46,623
Finance Manager £34k - £66k £46,829
Senior Business Analyst £38k - £70k £50,366

 

You can see from these examples that a business management Masters degree can raise your expected salary significantly higher than the industry average in many cases.

Discover our online Business and Management MSc

There are many benefits of studying a business degree besides the advanced earning potential. If you’re still wondering what you can do with a Masters in business management, read our blog on the five reasons you should choose our Business and Management MSc course at Northumbria.

Learning online part-time allows you to continue to work and develop your career while earning a respected and useful qualification at the same time.

So, whether you have a strong idea of what career path you want to follow or you’re inspired to find out more about the career opportunities a Business Management Masters can offer, visit our Business and Management MSc course page and discover more about our distance learning programme.


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