Top business schools are responding to this challenge by developing more tailored master’s programs, helping their students to navigate our increasingly tech-driven and globalized world.
Enter: the specialized masters. These business masters qualifications include a technical slant, equipping students with the expertise they need to succeed in their chosen field.
Many top business schools offer one or more of these courses, including HKUST Business School in Hong Kong (HKUST). The school offers a range of business master’s programs, to help recent graduates kick-start a career in their chosen field.
Considering graduate study? Here are five benefits of doing a specialized business master’s degree:
1. They’re attractive to employers
In a highly competitive job market, specialized industry knowledge can really help graduates to stand out in a crowd.
The collection of business MScs at HKUST aim to do just that. The programs covers niche skills such as programming and big data analytics, alongside the managerial insights you would expect from a traditional business degree.
It seems to be working: a GMAC survey found that over half of employers planned to hire graduates from these specialized programs in 2018.
The thriving career service at HKUST Business School also improves job prospects for students, whatever their area of study. On average, 95% of business school MSc students at HKUST secure a job offer within six months of graduating.
Hong Kong’s expanding job market also plays a role in graduate hiring rates. With a GDP of $341.4 billion, and significant investment in tech, new jobs are constantly being created.
2. There are plenty to choose from
Through a specialized master’s in business, students can zero in on the topics that matter to them, whether it’s a passion for fintech, a fascination with supply chains, or an enthusiasm for marketing.
This variety is exemplified by HKUST, where five business MSc programs take precedence. These are the MSc in Finance, MSc in Global Operations, MSc in Information Systems Management, MSc in International Management, and the MSc in Finance Technology.
Although program diversity helps students to find their niche, it does mean that choosing the right program can be challenging. Knowing the role or industry that interests you can be a good place to start. Try taking a look at the educational backgrounds of employees in roles and organizations that appeal to you.
3. You can apply without work experience
Because admission to these programs isn’t contingent on years of work experience, they can act as a spring-board for recent bachelor’s graduates, and early career professionals.
Not only do business master’s students gain industry-specific knowledge, they can also carve out a niche within their selected field, and begin to plan a career trajectory.
4. They help you build a network
Today, you can barely read 10 words of career advice without finding a reference to networking—and for good reason. Developing a strong network of like-minded professionals is important in any field and a master’s in business can provide an early-career boost.
This is certainly true for master’s students at HKUST. With a diverse, international cohort, students can make connections from around the globe.
5. They help you access a specialized profession
Most business master’s programs are open to anyone with drive and a good bachelor’s degree. This makes them a useful way to break into a role or industry where technical knowledge is a must-have.
Whatever the career ambition, choosing the right specialized master’s program can help you transition from a more generalized background to a specialized subject area, and make valuable professional connections. At HKUST, to take one example, students are connected with over 380 recruiters in a range of industries.
When selecting your program, it’s a good idea to speak to students or alumni of the institutions you are considering. They’ll be able to give you some valuable insight into the learning experience that you just won’t get from a prospectus.