What Can Be Learned AND Gained From A Management Course Essays Examples

Type of paper: Essay

Topic: Management, Business, Students, Degree, Study, Skills, Workplace, Salary

Pages: 2

Words: 550

Published: 2021/03/25

Management

Why Take Management Course
If you believe you have the knack for business and have leadership skills or at least, aspire to be a leader someday, then a Management Course may be the right track for you. Although some schools may specialize in a particular industry or discipline, a Management course, as the name implies focuses on educating students how to become an effective manager (Foster, 2011).

What can Be Learned from a Management Course

Management studies combine theory and practice of management. The core subjects include: Economics, Accounting or Finance, Marketing, Human Resource, Operations and IT. Minor subjects cover Ethics and Local or Global Management concepts. These courses provide the fundamental knowledge on management and business (Foster, 2011).
On the practical side, teaching methods in management incorporates business case studies to better understand theories and concepts in various types of business or industry. Industry experts are occasionally invited in class or in seminars to give insights into a particular sector or company, for instance, travel and hospitality, technology, or retail (Foster, 2011).
At the end of the program, students are expected to have gained management skills namely, leadership, teamwork, and analyzing business issues, as well as, providing solutions for them. Good managers or leaders are good communicators. Hence, a significant benefit from this course is the potential improvement of one’s communication skills. This include being able to make an effective presentation-- both orally and in writing. Other competencies critical in managing people or a business will also be developed such as, the ability to negotiate, make business decisions and lead projects (Foster, 2011).

Advantages in Taking College Management Level Course

Almost all kinds of businesses in every types of industry need good, if not great managers. A degree in management therefore, opens up a wide range of profession and opportunities for work in various functions—even at the entry level. Unlike other specialized courses, Management jobs and careers can be found in both public and private sector, and in various companies such as retail, finance or even healthcare (Foster, 2011).
Connections gained from management or business school are also helpful in whether in initially, securing a job after finishing the degree in advancing one’s career. Aside from the wide range of job opportunities and the network built, an article in Forbes reported that Management majors belong to the top paid graduates in the Class of 2013. Their average salary is about $60,300 per year. The other higher salary jobs mostly belong to engineers, which are more specialized professions. (Adams, 2013).

Top-Paid Majors for Class of 2013 Bachelor’s Degree Graduates

Source: Adams, 2013
Not only are management graduates paid well, their rates (i.e., Business category) have been increased by 7.9% from 2012 to 2013 as shown in the next table.

Average Salaries By Discipline

Source: Adams, 2013
For those who are interested to become entrepreneurs and be their own boss, the degree provides a solid foundation in terms of skills and knowledge to run and manage a business. As a business or management graduate, one is exposed to studies that stimulate business analysis, problem solving and decision-making. Sales and marketing skills would also be helpful in any type of business, as well as being able to recruit and lead people who can drive the business into success (Hamel, 2015).

Reference

Adams, S. (20 Sep 2013). The College Degrees with the Highest Starting Salaries. Retrieved
Foster, A. (5 Feb 2011). What to do with a degree in management studies. Retrieved from
http://www.theguardian.com/money/2011/feb/05/management-studies-degree
Hamel, G. (2015). Advantages of Studying Business Management. Retrieved from
http://smallbusiness.chron.com/advantages-studying-business-management-40530.html

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