Your complete guide to studying Management Studies

Everything you need to know about studying Management Studies

part of Business & Management

What are Management Studies?

Management, at its essence, is the art and science of planning, organising, directing, and controlling resources - be they human, financial, material, or informational - to achieve specific goals within an organisation. A degree in this discipline equips students with the tools to handle complex organisational challenges and lead teams effectively.

Management Specialisations

There's a diverse range of branches in Management to dive into:

  • Human Resource Management: Overseeing and improving company personnel strategies.
  • Project Management: Organising teams, resources, and tasks to complete specific projects.
  • Strategic Management: Plotting long-term directions and objectives for businesses.
  • Operations Management: Ensuring optimal day-to-day functions in a firm.
  • Financial Management: Directing an entity's monetary strategies and decisions.

The most common specialisation in Management is Business Administration, and a good example for this is the globally renowned MBA degree.

What will you learn during a Management programme?

When you embark on a Management degree journey:

  • You'll learn to think strategically, making decisions that steer a company towards its long-term objectives.
  • Understand organisational behaviour and what motivates employees to perform at their best.
  • Delve into financial analytics, understanding how every penny is spent and earned.
  • Analyse case studies, simulating real-world management challenges and strategies.

Key courses you might encounter include:

  • Organisational Behaviour: The study of human behaviour in organisational settings.
  • Business Ethics: Navigating moral dilemmas in the business world.
  • Marketing Management: Strategies behind promoting products and services.
  • Operations Research: Applying mathematical methods to decision-making.
  • Leadership Studies: Techniques and theories behind effective leadership.

For those unsure if Management is a good degree to follow, the wide-ranging skills applicable across various industries, from tech startups to global conglomerates, should be proof to its value.

Skills required for a degree in Management

Effective communication, leadership, critical thinking, and decision-making abilities are essential. Add to this a knack for problem-solving, adaptability, and an analytical mind, and you meet the Management degree requirements.

What can you do with a Management degree?

This field boasts a large number of rewarding career paths:

  • Business Consultant: Advising firms on how to optimise operations and increase profits.
  • Manager (at various levels): Overseeing departmental or organisational operations.
  • Entrepreneur: Founding and running your own business venture.
  • Risk Manager: Identifying and mitigating potential disruptions.
  • Supply Chain Manager: Ensuring smooth flow of products from producers to consumers.

From startups to multinational corporations, the demand for management professionals is constant. A Management degree is worth it, given the degree's universal applicability and the leadership roles it can lead to.

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