Top Online Management Schools
In an article by Monster.com, Katie Bardaro, economist and lead analyst at PayScale.com, described a higher degree as “not always a win.” As a result of high tuition costs, some graduates may not see the expected return on investment, she said. However, according to MBA Statistics published by PayScale.com, the median salary for various type of employees, such as senior financial analysts and marketing managers, was more than $50,000 per year nationally.
While the word “business” is in the title of the degree, not all holders of an MBA work in a business setting. MBA students may be given a broad understanding to management including skills related to human resources and finances. Many MBA programs can be completed within two to four years depending on the program and the student.
The following schools were ranked by U.S. News & World Report as 2012’s best online schools for an MBA, based on faculty credentials and training:
1. Arkansas State University
2. Clarkson University
3. St. Joseph’s University
4. Jones International University
5. Northcentral University
6. Marist College
7. George Washington University
8. Ball State University
8. Madonna University
10. Herzing College
Below are some of the management focuses available from online schools and colleges through SchoolsGalore.com
For more information on other management careers with a business focus, such as accounting management, information security management and human resource management, please visit our online business schools page.
Marketing research management
Marking research managers go beyond working with sales staff and advertising firm. They can monitor trend data and look for indications that a new product or service may be successful. They might oversee the development of new products or the redesign of old products. They also might help identify which markets a product could be successful in.
Because some managers may have to sign off on market research studies or advertisement contracts, the BLS notes that some marketing research managers may be required to have taken classes in accounting or statistics, or have earned a bachelor’s degree in mathematics or journalism. As with many management professions, experience in the field is valued and the BLS suggests students take business management classes and complete an internship while in college (BLS.gov, 2012).
Those interested in certification can look to the Marketing Research Association. Certification from MRA can be sought by individuals who have at least three years of work-related experience in survey-and-opinion processes. The exam consists of 100 multiple choice questions based on skill and practical knowledge. Certification shows an individual can conduct marketing research, and acts as a visible badge of distinction for the certified As with most certifications, continued education is a requirement for recertification.
The BLS (BLS.gov, 2012) reported an annual national wage of $116,000 median for marketing managers in 2011. The top 10 percent earned up to $155,050 nationally and the lowest 10 percent earned up to $60,230 nationally. The BLS predicts nationwide employment growth in the field of up to 14 percent from 2010 to 2020 as advertising, promotions and related services should continue to be important to organizations (BLS.gov, 2012).
Health information management
Health information managers supervise a health care provider’s information technology department and the physical records of patient data. They design and implement the network architecture of a clinic or hospital, establish information security protocols to protect private records and manage the client information database. Almost all of the course material required for a degree in health information management can be completed online. However, specific training in document scanning and network architecture may require hands-on training. Check with your school for information about on-site requirements.
No salary or education information was provided by the BLS or O*Net Online specifically for health information managers. However, the BLS lists health information managers with other health administrators, whom received an annual national wage of $86,500 median in 2011. The top 10 percent earned up to $147,890 nationally and the lowest 10 percent earned up to $52,730 nationally (BLS.gov, 2012). The BLS predicts nationwide employment growth in the field of up to 22 percent 2010 to 2020 as the baby-boom population continues to grow and creates more need for health care (BLS.gov, 2012).
Corporate finance management
A part of the corporate accounting team, financial managers prepare financial reports for senior management and are responsible for the financial health of their organization. Finance managers may be employed as controllers, finance officers, cash managers and risk managers. Finance managers may also be found as one of a company’s top executives, often as a Chief Financial Officer (CFO).
The BLS (BLS.gov, 2012) indicates that controllers direct the preparation of finance reports and prepare financial forecasts based on income, earnings and expenses. They are also responsible for providing government agencies, such as the SEC, the required documentation and financial reports. Controllers may work with finance officers to produce reports on the company’s financial standing. Additionally, financial officers, sometimes called treasurers, oversee a company or an organization’s budgets. Because much of the job of a finance manager involves dealing with a company or organization’s management and supervising accountants who perform financial analysis, the BLS notes that a graduate degree is often required.
The BLS reported an annual national wage of $107,160 median for financial managers in 2011. The top 10 percent earned up to $146,150 nationally and the lowest 10 percent earned up to $58,120 nationally (BLS.gov, 2012). The BLS predicts nationwide employment growth in the field of up to 9 percent due to a continued demand for coordinating and directing investments (BLS.gov, 2012).
Information technology management
An information technology manager can work with a network architect to design a company, organization or college’s internal networks, or work closely with a company’s chief technology officer to create a network plan to achieve the company’s goals. Duties can also include supervising a penetration test, or breaking into their own database to expose possible weaknesses, and upgrading the network hardware and infrastructure.
According to the BLS (BLS.gov, 2012), information technology managers commonly have an MBA and, due to the nature of the profession, must understand programming languages or have a bachelor’s degree in computer science or a related field to keep up with emerging technologies. The BLS also reports that some institutions require a master’s in business administration if their managers will be managing network administrators or working with a CTO.
While the BLS and O*Net Online do not provide specific data for information technology managers, they do provide data on information security managers, information system managers and network managers. The BLS reported an annual national wage of $118,010 median for computer and information systems managers in 2011 (BLS.gov, 2012). The top 10 percent earned up to $185,150 nationally and the lowest 10 percent nationally earned up to $73,080. The BLS predicts nationwide employment growth in the field of up to 18 percent 2010 to 2020 due to a need for companies to upgrade their IT systems (BLS.gov, 2012).
Medical office management
Medical office administrators and managers are responsible for scheduling patients, filing medical records, and collecting medical bills. They may also be responsible for carrying out department goals and updating procedures for their department. Sometimes, clinical managers may be responsible for managing clinic staff, including assistant medical office administrators who direct the medical office’s daily activities.
According to the BLS (BLS.gov, 2012), medical office administrators may be employed in nursing facilities or in physician offices, but the majority work in hospitals or clinics. The BLS (BLS.gov, 2012) reported an annual national wage of $86,400 median for medical and health services managers in 2011. The top 10 percent earned up to $147,890 nationally and the lowest 10 percent earned up to $52,730 nationally. The BLS predicts nationwide employment growth in the field up to 22 percent 2010 to 2020 as more demands are placed on the health care industry due to a growing aging population (BLS.gov, 2012)
Learn more about accredited management programs from online schools and colleges through SchoolsGalore.com
When researching online colleges and universities, be sure to verify that your school is accredited by the Distance Education and Training Council or another accrediting agency approved by The U.S. Department of Education or The Council for Higher Education Accreditation, or both. DETC and CHEA both provide a searchable list of approved schools.
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