As one of the most popular bachelor’s degree majors, management is a competitive area of study. Explore career options, average salaries, coursework, and available online programs to earn an online bachelor’s in management.
Companies of all sizes require management positions. Whether you’re working closely with a small team or creating policies for thousands of employees across multiple departments, you’ll engage in essential services as a manager in a company. Discover how a bachelor’s degree in this field can help you improve your application or enhance your ability to perform your current position in your company.
What Is an Online Bachelor’s in Management?
A program in management provides you with the necessary skills and preparation to compete as a business owner or management of an established business. You can tailor your program to focus on managing a brand-new business or climbing the corporate ladder. Whether you already are a manager or are dreaming of moving up in your company, find the right online bachelor’s degree course for your goals.
Typical courses cover management, business operations, marketing, finance, and leadership topics. Expect to learn about business software, principles of economics, marketing strategies, and effective leadership skills.
Courses in management programs can be highly variable. Some programs focus on a specific area of management, like business management or human resources. Others are more broad in nature and prepare you for an unknown career. If you wish to enjoy a flexible career, then consider a bachelor’s in management. Other management-related bachelor’s degrees may offer you more specific training, but may not offer the same broad range of opportunities in the future.
Depending on your previous experience and chosen coursework, you may be qualified as a manager in the following industries:
- Administrative services and facilities
- Compensation and benefits
- Human resources
- Executive roles
Many of these departments and roles require previous experience in the industry before you can apply to become a manager. Thankfully, studying online gives you the freedom to pursue your career and study at the same time. Depending on your schedule and course load, you may find the time you need to continue to work part time or full time in your career as you take courses to expand your knowledge and improve your career possibilities.
A competitive career in management requires leadership and business skills, but you may also need previous experience in your chosen industry. Consider an online program that offers concentrations if you know the specific industry you wish to join. Otherwise, take a more general approach to prepare for any available position upon completing your course.
Study online to enjoy more free time and a more affordable degree, on average. A typical online bachelor’s program costs less than an on-campus program. Many also offer flexible scheduling for part-time studies or an accelerated program.
How Much Does a Bachelor’s in Management Cost?
An online bachelor’s degree, on average, costs between $38,500 and $60,600, according to U.S. News. Some programs cost $100,000 or more, while others cost less than $21,000.
Most online degrees cost less than on-campus ones. An in-person bachelor’s degree includes campus fees, living expenses, and other costs.
Both in-person and online programs come with other costs. Are you planning on relocating to a new home or apartment, or can you complete your course from your current accommodations? How are you planning on covering food costs and other living expenses? These costs vary considerably depending on your specific situation and location, but need to be factored into the total cost of a degree program.
Scholarships, tuition reimbursements, and other factors can help you enjoy a more affordable program experience. Look for any financial aid you may qualify for as you compare online programs.
Average Salary for a Bachelor’s in Management
Because of the wide range of careers related to an online bachelor’s in management, the average salary can vary. According to the U.S. Bureau of Labor Statistics, administrative services and facilities managers earned a median pay in 2020 of approximately $98,900.
Compensation and benefits managers earned a median pay of $125,100 in 2020. In human resources departments, managers earned about $121,200 annually. Consider a career as a management analyst, where professionals earned approximately $87,700 in 2020.
Management positions typically require at least five years of experience and a related bachelor’s degree. As a successful manager, you may be able to apply for an executive position or start your own business. Top executives earned a 2020 median pay of about $107,700.
The average salary of these positions depends not only on your title and chosen industry but also on your work experience and local area. Some states offer higher median salaries than others, and the highest earners typically have more than five years of work experience in a related occupation.
What Is the Job Outlook for Bachelor’s in Management Degree Holders?
Most management careers enjoy an expected job growth of 6% between 2019 and 2029. This is higher than the average expected national job growth percentage for the same period. Top executive growth is estimated at 4%, which is as fast as the national average.
Courses in Bachelor’s in Management
Train for a career in management with courses in business, finance, and leadership. Many programs offer courses in marketing, international business, ethics, and other areas that help you in your career.
Some management programs provide concentrations that offer more specialized courses in particular areas. If you’re passionate about managing a human resources office, finance department, or tech start-up, look for related courses to dive into your area of interest.
Most online bachelor’s in management degrees also offer a number of general education and elective courses. These courses cover the arts, sciences, and humanities, as well as offering fascinating areas of specialty within your major.
The number of courses you take depends on your program. Most bachelor’s degree programs are 120 credits, though some management degrees may require more. Here are some common courses you can expect to take in your management bachelor’s degree:
- Leadership discovery: Do you know what it takes to be a successful leader? From motivational theories to practical examples, find out how you can motivate a team and effectively manage any size of group or department.
- Human resource management: Dive into the responsibilities of a human resource manager to see if this role may suit your talents and passions. Learn about benefits administration, labor relations, job analysis, and more.
- Negotiation: Conflict resolution is an essential ingredient in any manager. Find out how to bring together a diverse team and negotiate differences in a culturally sensitive way.
- Business research: Analyze trends in your business and across your industry with the right analytic and research skills. This class will prepare you to gather and analyze data from a broad range of inputs.
- Marketing: Find out what it takes to successfully market your company and your brand. Promote positive customer relations and an upward growth trajectory with clear, effective, and branded marketing.
- Finance: You may have a finance department to handle the books, but finance courses can help you make responsible decisions as a manager or entrepreneur. Identify the best ways to utilize your working capital and make wise financial decisions from quarter to quarter and year to year.
- Global business: Connect with an increasingly globalized industry with these crucial courses. Identify areas where you reach out and redefine global relations to promote positive business relationships.
- Strategic management capstone: Most online bachelor’s in management courses have a capstone project to put your knowledge into action. Identify a research project or other capstone project and work closely with an advisor to complete it.
FAQs on Bachelor’s in Management
- Degree programs can be completed fully online
- Programs typically take between 36 and 48 months to complete
- Standard, part-time, and accelerated programs available
- Popular concentrations include supply chain management, organizational leadership, and administrative services
- Can be completed in 36 months, or less if you already have college credits
- Offers opportunities in high-growth management positions
- Provides essential training for management and executive careers
- Flexible study offers accelerated and part-time study opportunities
- Programs can cost as little as $21,000
- A number of scholarships and tuition reimbursement programs are associated with this degree
- Costs typically vary from school to school
- Online programs offer lower average costs than on-campus programs