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Master in Management - Business
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Credits:
33(4 terms)
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Degree:
Master of Management
Program Description
The Master in Management - Business program provides leadership and management skills and an introduction to the best of current industry practices in private, public and nonprofit organizations.
The curriculum combines core management foundation coursework with an overview of business functions such as accounting, marketing and finance and prepares students to manage the business aspects of an organization. Students become familiar with the essential concepts, processes and best practices in each of these areas. They develop analytical and decision making skills and learn to think strategically in terms of markets, technology and resources. The application of theory to management practice is emphasized. A required management seminar series focuses on the development of “people management” skills and the integration of knowledge acquired throughout the program.
Learning Outcomes
Graduates of the Master in Management - Business program will:
- Develop strong communication, analytical, research and decision-making skills
- Learn to manage themselves and their own professional development, and to manage and lead others
- Have the ability to use and understand the role of technology in organizations
- Learn to manage human, financial and informational resources
- Understand how to foster change and innovation and value and promote diversity in organizations
- Understand the global, social and environmental context of management and the importance of ethical and socially responsible decision-making
- Become well-rounded managers familiar with all aspects of an organization
- Gain the ability to manage human, financial and informational resources in their organization
- Be prepared for positions within the functional areas of a business
Careers
Graduates are trained for advancement into supervisory and management positions in business, nonprofit and government organizations.
Opportunities include jobs in:
- human resources
- retailing
- marketing
- financial services
- nonprofit management
- consulting groups
- government agencies/leaders
For more information, please contact Admissions at 1-800-829-4723.
Curriculum
Puerto Rico classroom instruction and coursework are in Spanish.
Seminar & Capstone
6
Credits
After the three courses below and with no more than 10 credits remaining to finish the program, students must take MMG600 Graduate Management Practicum (2 credits)
Graduate Management Orientation Seminar
MMG 500
Provides incoming students with an orientation to the graduate management programs, including an overview of their philosophy and curriculum, and the benefits and rationale of the academic model. Introduces students to the resources of the College such as the learning management system, the online library and academic support services. Students meet with their academic advisor and develop their academic plans.
Leadership Seminar I: Self-Diagnosis and Goal Setting
MMG 691 • 2 credit(s)
The Leadership Seminar serves as a learning laboratory for students to develop, integrate and demonstrate competencies in personal, professional and academic development. It provides an opportunity for students to test and apply learning in a practical and experiential context and to integrate experience and theory. In the first semester students self-diagnose their academic and managerial skills and develop academic and professional goals and plans. They also develop skills at being effective members of a learning community.
Leadership Seminar II: The Manager as Team Developer and Leader
MMG 692 • 2 credit(s)
This seminar focuses on the manager as a leader and developer of people and teams. Students develop important cognitive and affective skills: developing people, peer relationships, working with others, and resolving conflict. The seminar also helps the student learn how to leverage the diversity in teams and how utilize team resources effectively.
MM Core Courses
12
Credits
Foundations of Management
MMG 511 • 3 credit(s)
This course provides an overview of the field of management and establishes a foundation and common vocabulary for future course work. It emphasizes the functions of planning, organizing, directing and controlling. The course assumes students have limited academic knowledge of management theory, and some experience in real world management situations to bring into the classroom. In each session the class explores some aspects of management in theoretical terms and then focuses on application of the theory to the practical problems facing managers.
Organizational Environment
MMG 512 • 3 credit(s)
This course provides an overview of the external and internal environment of organizations. It helps students understand the resource, market, technological, economic, and socio-political context of the organization, and the impact of multiple stakeholders on its goals and decision-making processes. It examines organizational architecture and dynamics from the structural, human resource, political and symbolic perspectives. The course draws on theories and research on organizations, including topics such as motivation, leadership, and organizational change and development. The intent of the course is to provide students with the theoretical base to better understand organizational behavior, and to equip them with tools to analyze and improve upon their own managerial practice.
Accounting for Managers
MMG 514 • 3 credit(s)
This course provides a broad view of accounting, from the point of view of those who prepare and use financial information. It combines elements of financial and management accounting in order to provide a background for managers to understand how financial analysis can impact their decision making. Students will become familiar with the four major financial statements: the balance sheet, income statement, statement of retained earnings and the statement of cash flows. They will also be given an overview of the firm's operating, financing, and investing activities; and an introduction to product costing, operating budgets, and capital investment decisions.
Statistical Decision Techniques for Managers
MMG 525 • 3 credit(s)
Prerequisite: MMG506 Quantitative Analysis for Managers or equivalent. This course provides students with the knowledge and appropriate use of descriptive and inferential statistical techniques used in management decision making and develops their ability to characterize management problems that can be solved by such techniques. Topics include descriptive statistics, probability distributions, sampling, estimation, hypothesis testing, simple and multiple regression and correlation, chi square testing, analysis of variance, and decision theory. spreadsheet and statistical computer programs are used in the class.
Required Business Courses
6
Credits
After taking the following two courses, students choose between two subspecializations: Business (Private Institutions), or Nonprofit and Public Management. Students must complete all three courses listed within their chosen subspecialization to meet the Business concentration requirements.
Marketing Management
MMG 733 • 3 credit(s)
Prerequisite: MMG 511 recommended. This course provides a basic overview of the marketing management process, oriented primarily to the non-marketing specialist. It examines the role of marketing in a variety of organizations - product/service, public/private. It introduces students to the analysis of an organization’s market environment, and the development of marketing programs designed to achieve organizational goals. Topics covered include the analysis of markets, buyers and competition; the identification and selection of target markets; the design of product, pricing, distribution and communication programs appropriate to selected markets; and the planning, implementation and control of the marketing effort. The course emphasizes the practical utility of marketing tools and concepts through the use of case studies and application to the students’ own work environment. The course also attempts to create a heightened awareness of the global interrelationships affecting marketing, and the societal implications of marketing decisions.
Human Resource Management
MMG 740 • 3 credit(s)
Changes in the social and legal environment, and the workforce, make it increasingly difficult for organizations to manage relations with employees. The Human Resources Manager needs to be able to formulate organization-wide human resource policies which result in competitive strategy, efficiency and effectiveness, and which are consistent with the organization’s culture and environment. The interests of many stakeholders have to be reflected in such policies — employees, unions, communities and government. The course helps students identify and understand Human Resources Management issues, develop skills in diagnosing situations, discuss effective approaches to problems and assess the comparative effects of immediate action and long-term policies.
Business (Pivate Institutions)
9
Credits
Economics for Managers
MMG 515 • 3 credit(s)
The main objective of this course is to provide students with the basic concepts and analytical tools of economics and to apply them so as to understand the workings of a market economy and to increase their effectiveness as managers. After an introduction to the basic economic tools of supply and demand, and the treatment of profit maximization, we will cover the basic concepts of microeconomics for use in business decision making. Throughout the course, we will use economic theory and real world examples to analyze and understand the main issues of microeconomics and macroeconomics as they apply to the business world.
Business Law
MMG 561 • 3 credit(s)
The course provides an overview of the legal aspects and responsibilities/liabilities of managing an organization. Areas covered include the legal system, basic contract law and agency, and how these apply in an international context. It also examines legal issues relating to various organizational structures and the choice of a business organization (corporation, the agency relationship, partnership, sole proprietor ship, not for profit and LLC).
Project Management Concepts and Practices
MMG 710 • 3 credit(s)
In this course, students will learn how to use the concepts, tools and techniques of project management in order to successfully manage system development projects. System development project failures are generally failures of management, not failures of technology. Good management, along with an understanding of the appropriate use of technology, is therefore essential. Students will learn, in particular, how to apply the concepts, tools and techniques of project management in today's dynamic, digital business environment, where projects must be brought to completion under increasingly compressed timeframes and where decisions must be made under conditions of uncertainty.
Nonprofit and Public Management
9
Credits
Grant Writing and ResourceDevelopment
MMG 770 • 3 credit(s)
This course covers the preparation of proposals to state, federal and local agencies, corporations and private foundations. Students will learn how to prepare successful, competitive grant proposals and realistic, effective project-based budgets. The course will take students step-by-step through each stage of the proposal presentation process from research techniques to polishing the finished product. Best practices in funding research, planning and presentation will be covered. By the end of the course, students will have a prorotype suitable for submission to a funder.
Budgeting and Finance for Nonprofit and Public Organizations
MMG 727 • 3 credit(s)
Pre-requisite: MMG 514 or equivalent. This course provides an introduction to the basic financial accounting systems used in nonprofit and public organizations. It also focuses on how to use the financial and program data to effectively analyze the costs associated with programs and services provided by the organization. The final area to be covered will be budget preparation and monitoring. The politics of the budgeting process will be examined. By the conclusion of the course the student will be able to effectively participate in the financial decision-making within his or her organization.
Strategic Planning for NonProfit Organizations
MMG 760 • 3 credit(s)
This course is structured as a live case study. Students will learn through lectures the skills necessary to collect, analyze, and develop recommendations to support a nonprofit organization’s strategic plan. Working in cross-functional teams, students will work with a real-life client and be responsible to prepare their strategic plan over the semester. Topics include: aligning mission, vision and values, performing an environmental scan, analyzing financial statements, building an organizational capacity plan, and improving leadership throughout the organization.
Senior Instructor
Adjunct Instructor
Admissions
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Admission Test:
No standardized graduate school tests required.
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Admissions Office:
1-800-829-4723
- Application Form:
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Application Fee:
$50 ($100 for international students)
School Requirements
See Admissions Requirements for the School of Management
International Students
International students need to provide supplemental documentation:
- Official demonstration of English language proficiency
- Supplemental documentation for issuance of I-20
- International transcripts, evaluated by an accepted evaluation service
Transfer Credit
Graduate program applicants, please complete the transfer credit request form if you wish to have prior course work evaluated for transfer. Learn more.
Tuition
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Credits:
33
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Cost per credit hour:
$282
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Application Fee:
$50 ($100 for international students)
Note: Rates are as of July 2022, and are subject to change without notice. Rates apply to all students, unless otherwise noted.
Financial Aid
Cambridge College offers financial aid to students in our degree programs who are enrolled at least half time. Undergraduate students must be enrolled in at least 6 credits each term. Graduate and doctoral students must be enrolled in at least 4 credits each term. Learn more
Grants, Scholarships and Loans
Cambridge College welcomes the opportunity to support your efforts to pay for college. Federal, state and local resources in the form of grants, scholarships, loans and work-study, including Cambridge College Scholarships, are available to help defray the cost of tuition. Learn more
Getting Your Company to Help
Many companies have tuition assistance programs, designed to help their employees with their professional development. Learn more
Take the Next Step Toward Your Master's Degree
Take the Next Step Toward Your Master's Degree
Ready to Apply?
We can help you with any aspect of the application process. Call us at 1-800-829-4723. Start your journey now!
Have Questions?
An admissions counselor will be happy to help you with any questions you may have.
- Email Admissions
- Request Information
- Call 1-800-829-4723
