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What’s the Average Salary with a Masters in Management?

Earning a masters in management can lead to a much higher salary in your field of choice. With this type of degree, you can work not only in a traditional business setting, but also in a specialized niche, such as sports, healthcare, education, or finance. Is going back to school worth the time and money? Let’s look at the salary you can expect with this type of degree:

Management Salaries by Position

More than any other factor, the position you hold (your job title) affects how much money you’ll make when you graduate. Here’s a look at some of the main positions you could hold if you earn a master’s degree in management, along with the average salary you can expect with these positions (figures are reported from BLS.gov 2013):

  • Human Resources Manager: $99,180
  • Medical/Healthcare Manager: $84,270
  • Financial Manager: $103,910
  • Construction Project Manager: $83,860
  • Computer and Information Systems Manager: $115,780

As you can see, regardless of your industry or the specific position, with a masters in management, you can drastically improve your salary potential. With experience in your field, you can earn much higher salaries than the figures listed above, especially if you take on an executive position, such as working as the CEO of a hospital or becoming a Fortune 500 vice president.

Factors Affecting Salary

Your job title isn’t the only thing that affect that salary you’ll receive after graduating with a masters in management. Location also plays a big role, with urban jobs typically paying more than jobs in more rural areas. In addition, your employer will determine your salary possibilities. Larger companies will typically pay more, though it takes longer to climb the ladder to one of the top positions in the company. If your employer is more successful in your given industry, this will also translate to a higher salary for you.

Other Benefits

The jobs you’ll be qualified to do with a masters in management also typically come attached to some of the best benefits packages available. Perks could include things like paid healthcare and dental coverage, paid vacation days, end-of-the-year bonuses, stock options, retirement plans, paid travel expenses, free day care, company discounts, tuition reimbursement, continuing education, and more. Take the benefits package into consideration when comparing available positions.

Management Masters & MBA Degrees

Walden University
MS: Management
MS: HR Management
MS: Sustainable Mgmt
MS: Project Management
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Walden University: Walden University's MS in Management program offers many specializations which personalize the degree according to students' interests and professional needs. The MPA program in Public Management & Leadership focuses on information employees in the public sector most need to know to move up, whereas the MS in Accounting & Management and MS in Project Management programs combine specialized knowledge with sound leadership practices.
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Liberty University
MA: Mgmt & Leadership
MS: Management
MS: Sports Management
MBA: Intl. Management
MA: Human Services Mgmt
Liberty University: Liberty University's Master of Arts in Management and Leadership program, and the MS in Management, Sports Management, International Management, and Human Services Business Management programs all emphasize ethical management practices, and help improve students project development abilities, preparing them for career advancement. Graduates are able to go on to careers as business owners, finance managers, human resource managers, among other high level management positions.
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Kaplan University
MS: Management
MS/Mgmt: HR Management
MS/Mgmt: Leadership
MS/Mgmt: Org. Dev.
MS: Supply Chain Mgmt
Kaplan University: Kaplan University's MS in Management offers students the chance to specialize in subjects that specifically relate to their professional goals, like Supply Chain Management & Logistics, Organizational Design & Development, Leadership, and Human Resources. The program focuses on the most effective management strategies as well as the practical knowledge students need have every day on the job.
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Ashford University
MBA: Project Management
MBA: Environmental Mgmt
MBA: HR Management
MBA: Supply Chain Mgmt
MBA: Global Leadership
Ashford University: Ashford University's MBA programs are offered with a selection of more than a dozen specializations, including Project Management, Environmental Management, HR Management, Supply Chain Management, and Global Leadership. All MBA students learn to integrate sustainable business strategies and sound economic principles with knowledge of their specific industries. Ashford U is accredited by WASC Senior College and University Commission, 985 Atlantic Ave, Ste 100, Alameda, California 94501, (510) 748-9001, wascsenior.org.
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