Master of Science in Management (MSM)


 

In a world of marketplace volatility and consistent change, companies need adaptable business leaders who know how to develop organizational strategies that responds to the demands, risks, and opportunities that drive results. The Master of Science in Management is a 36-credit program designed for full-time and part-time students who have completed undergraduate degrees and now seek to grow their expertise in management.

The unique curriculum teaches current and emerging leadership theories and skills to enable organizational innovation in complex work environments.  Learn how economics, applied psychology and quantitative methods can be used to solve today’s leadership and managerial challenges like the growing need for experienced talent and new modes of internal communication.

Work with faculty members who were industry leaders at Fortune 500 companies and government agencies and daily practitioners of the skills they teach. This program offers a unique blend of small class sizes, intense collaboration and global professional networking opportunities.  Graduates leave Stevens with better communications, interpersonal and team skills to plan, implement, and manage leading-edge practices in management.

 

About the Curriculum

The Master of Science in Management is a 36-credit degree program that focuses on the practice of management and is grounded in a variety of analytic and administrative approaches drawn from the fields of management, economics, applied psychology, and quantitative methods. The philosophy of the program is that knowledge of these areas is only one of the components of an educated manager. In addition to knowledge, it is the steady development of conceptual reasoning that signals the growth of integrative critical thinking and judgment – the hallmarks of professional management practitioners. To accomplish this educational goal, all students take a set of common core courses and select additional courses based upon their chosen concentration. The Master of Science in Management core includes coursework in technology and innovation management and exploiting entrepreneurial opportunities which reflect the focus of both the Howe School and Stevens Institute of Technology.

Students must complete a total of 12 courses (36 credits) with a minimum GPA of 3.0 for the degree of Master of Science. Note: Students also have the option of continuing to a Master of Business Administration (MBA) in Technology Management by taking a minimum of eight additional courses (24 credits) for a total of 60 credits with a minimum GPA of 3.0.

The MSM program curriculum has 3 components:

  1. Common Business Core (3 courses)
  2. Degree Requirements (6 courses)
  3. Concentrations and Career Options (3 courses)

MSM COMMON BUSINESS CORE

  • MGT 609 Introduction to Project Management
  • MGT 615 Financial Decision Making
  • MGT 689 Organizational Behavior and Design

MSM DEGREE REQUIREMENTS

  • MGT 607 Economics for Managers
  • MGT 620 Statistical Models
  • MGT 641 Marketing Management
  • MGT 663 Discovering & Exploiting Entrepreneurial Opportunities
  • MGT 671 Technology and Innovation Management
  • MGT 699 Strategic Management

Students augment their core and degree requirements with an additional 3 courses chosen from a variety of 3-course concentrations and career options to complete the credit requirements for the degree.

 

MSM CONCENTRATIONS

To complete the MSM degree requirements, students have the option of choosing from seven 3-course concentrations.  See below:

Finance

The finance concentration provides the basic theory and practice of corporate financial management and examines the structure of financial markets and major financial instruments. Topics include: discounting, net present value, risk, the capital asset pricing model, diversification, the term structure of interest rates, financial markets, the efficient markets hypothesis, technical and fundamental analysis, options pricing, and portfolio management. Finance students find positions in management consulting, banking and corporate finance departments.

  • MGT 623 Financial Management
  • MGT 638 Corporate Finance
  • MGT 625 Capital Markets
Global Business

In an increasingly connected and global world, managers must conduct world-wide business operations, understand international trade operations and be sensitive to different national cultures and business environments. The Global Business concentration prepares students to effectively manage global supply chains and nurture innovation in an increasingly complex and virtual world. Students in MGT 650 are encouraged to participate in an overseas trip in which they learn the cultural, social, and economic aspects of a foreign country through lectures, company visits and cultural experiences.

  • MGT 630 Global Business and Markets
  • MGT 650 International Business Management
  • MGT 673 Global Innovation Management
Innovation and Entrepreneurship

This concentration provides students with the knowledge and skills needed to assess technology-driven market opportunities and to start entrepreneurial ventures. In addition to joining or starting entrepreneurial ventures, students in this concentration can find employment opportunities in consulting and high-growth companies in a broad range of industries.

  • MGT 672 Realizing Value from Intellectual Property
  • MGT 675 New Product & Service Development
  • MGT 677 Emerging Technologies
Management

Building on the basic business functions covered by the core courses, the Management concentration provides students with the management skills necessary to effect organizational change, to manage business operations and to utilize information technology to advance the strategic aims of the organization. This concentration is suitable for students wishing to further their careers as managers and consultants in a variety of industries.

  • MGT 654 Organizational Change and Development
  • MGT 657 Operations Management
  • MGT 679 Management Information Systems
Pharmaceutical Management

The pharmaceutical industry operates in a complex and changing environment. The industry needs managers and leaders who understand not just the science and technology, but also how to manage the discovery, development, and commercialization of science and technology, whether it comes from in-house laboratories or is licensed or acquired externally. This concentration is targeted at professionals across the whole of the pharmaceutical industry whose jobs require that they understand business and management in addition to science and technology. This includes most of the functional areas in today’s pharmaceutical companies, such as discovery research, clinical research and operations, regulatory affairs, market research, marketing and sales, and quality assurance. The program also is useful to professionals in contract research organizations (CROs), contract laboratories, consulting firms, and other businesses that supply services to the pharmaceutical industry, such as law firms and accounting firms.

  • MGT 681 Managing Pharmaceutical Research and Development
  • MGT 682 Pharmaceutical Industry Marketing and Sales
  • MGT 686 Pharmaceutical Industry Trends and Issues
Project Management

The Project Management concentration presents the theory and practice of project management in modern organizations. Generally accepted and innovative practices in project management are presented in a manner that links project planning and execution with the achievement of strategic business goals. The Project Management concentration teaches new concepts in strategic project management and leadership that were developed by Howe faculty and have achieved international acclaim.

Students also earn a Howe School Graduate Certificate in Project Management and receive instruction relevant to the Project Management Professional (PMP) independently administered by the Project Management Institute (PMI).

  • MGT 610 Strategic Perspectives on Project Management
  • MGT 612 The Human Side of Project Leadership
  • MGT 614 Advanced Project Management
Technology Leadership

Finding people with a mix of technical, business, management, and leadership skills who can be effective in an increasingly fast-moving and technology-driven world is a major challenge to industry. The Technology Leadership concentration helps students develop their personal leadership capabilities and provides the skills needed to progress into management roles with broad executive responsibilities.

  • Mgt 612 The Human Side of Project Leadership
  • Mgt 654 Organizational Change and Development
  • Mgt 677 Emerging Technologies

View Study Plans for MSM degree


MSM Career Options

Within the Howe School of Technology Management

With permission of a faculty adviser, qualified students may choose any three courses from another Howe School degree program or from the set of specially designed Howe School “career options” in the following subject areas:

  • Advanced Technologies
  • Healthcare Management
  • Business Intelligence and analytics
  • Social Networks

From Other Schools at Stevens Institute of Technology

With permission of a faculty adviser, qualified students may also choose to take up to 3 courses in another school at Stevens. Career option examples include:

School of Systems and Enterprises

  • Engineering Management
  • Systems Engineering
  • Software Engineering

School of Science and Engineering

  • Computer Science
  • Manufacturing
  • Biotechnology