Earning a graduate degree can be a stepping stone to new opportunities within your organization or industry. Many people that have pursued Master’s degrees have found that they propelled them to get ahead in their work and contributed to their long-term career success. But, if you are in a business-related career, you may be overwhelmed by the plethora of options available for graduate degrees. If you fall under this category, here are some master’s in business degrees worth exploring. Here are top 5 Master’s Degrees to Boost Your Career in business.
Master’s Degrees to Boost Your Career
- Master’s in Human Resources
To succeed, businesses have to be run effectively. For this to happen, organizations must have talented employees there are skilled in their various roles. Students who pursue this degree can choose to take elective courses resulting in specialization in areas such as staffing, training and development, recruitment, and project management.
Essentially, a Master’s degree in human resources will equip you with the skills you need to become a human resource manager. It will improve your candidacy prospectus in this field. Alternatively, you can choose to explore opportunities in training and development management. Unlike basic human resource management, training and development management focus on training a company’s workforce.
- Masters of Business Administration (MBA)
If you want to explore a more traditional pathway for your business career and advance in two high-paying roles, you need to consider taking this course. This graduate degree encompasses a broad range of business subjects, including strategy, operations, marketing, finance, accounting, information systems, and management. With an MBA, there is a multitude of business roles that you can hold.
For example, chief executives, and top managers, including the managing director, executive director, and president, are expected to have an MBA. Overalls that require an MBA include management analysts who act as consultants, providing valuable feedback and advice to help businesses improve profitability, productivity, and efficiency.
- MBA in Data Analytics
Pursuing this course will equip you with skills in Data mining, data management, teamwork and leadership skills, business intelligence and visualization skills, entrepreneurship, and technology applications. In essence, it allows you to have knowledge for crucial decision-making in the business world. You can quickly solve business problems using the developed critical- thinking skills. Also, it equips you with skills allowing you to utilize both structured and unstructured data in devising and communicating solutions to everyday business problems.
These skills are highly desirable in the current business world. Moreover, you can work in several fields, including quality assurance, product development, project management, and software development. For as low as $12,322, you can start your MBA Data Analytics online and get your career as a data analyst started.
- Master’s in Economics
During the Master’s degree in Economics program, you will study various subjects, including labor economics, international economics, management economics, principles and theories in macroeconomics and microeconomics, economic development and growth, etc. In essence, during this course, you will study how resources are used and transferred. To pursue this course, you do not necessarily have to have a graduate degree in Economics.
However, you will need to have a solid foundation in mathematics. This graduate program will prepare you for an economics career where you get to advise businesses on the distribution and production of resources using data-based findings. You can explore other career directions using this degree, including financial analyst and market research analyst roles.
- Master’s in Industrial Organizational Psychology
Although many people associate psychology with clinical treatment and counseling, industrial organization psychology is more relatable to business. This program specializes in studying how people behave in the workplace or other places of business. Therefore, you can pursue this course even if you did not take psychology as your undergraduate major. With this graduate degree, you can pursue an industrial organizational psychologist career.
In this role, your primary duty will be to help businesses find ways to improve productivity and performance by implementing psychology principles and practices to diagnose workplace culture, management practices, and drivers of employee satisfaction. In this business career, you can expect to earn $132,000 upwards annually.
Wrapping Up
If you are in a business-related career, advancing your education in either of these Master’s degrees can significantly contribute to your career advancement and success. However, these are just a few of the Master’s programs with a reputation for being marketable and leading to highly-rewarding careers. Therefore, if your in
