What is Management Science?
Management Science is the science of bringing human and material resources together and motivating people to achieve common goals. Management is a system of setting goals, planning and controlling any action from start to finish.
Management Science helps organisations to solve issues, create value, maximise growth and improve business performance. They use their business skills to provide objective advice and expertise, and help an organisation to develop any specialist skills that it may be lacking.
Management consultants are concerned primarily with the strategy, structure, management and operations of a company.
What 3rd level courses are available?
Universities and colleges in Ireland are offering Management Science courses in the following subject areas:
- Master of Science in Applied Leadership and Management – The study of leadership and management strategies.
- Master of Science (MSc.) in Human Resource Management – The study of human resource trends, inclusive leadership and ethical values.
- Master of Science (MSc) Management Practice – Gain the skills and knowledge needed to interpret and synthesise information and confidently resolve complex issues which face today’s organisations.
- Diploma in Strategic Business Management – The study of staff management concepts, theories, plans and practice of strategic leadership and future planning.
- Diploma in Business Management – Develop sound knowledge to work effectively within business or as part of a management team.
- Diploma in Applied Business Management – Gain an understanding of the principles of business and how to apply this knowledge in practice.
Studying Management Science in college
There are many Management Science courses that take place over 1 year to 4 years depending on the course and modules selected. There are also part-time courses and night courses available so you can be sure to fit in your studies no matter what your schedule is like.
Courses will cover theory work through lectures, assignments, tutorials and taught modules. Assessments will take place on a continuous basis with written examinations and practical assignments combined in order to achieve a qualification. You could also consider work experience or through extracurricular activities, such as club membership or taking a role in a society that will develop your team-building, business or finance skills.
You could also try to get a part-time job in an area related to your chosen career. Something that provides commercial skills or gives you knowledge in business functions and how organisations operate will be helpful. Try to decide on the area you want to work in and aim to get relevant work experience.
Work Experience will not only give you the opportunity to obtain a deeper knowledge and understanding of the industry, it will also give you a chance to do some essential networking with other industry professionals and gain valuable contacts for the future.
Career options
After completing a course in Management Science you will be able to get started in a career that uses specific knowledge of management skills and practices.
Working hours will depend on whether you are employed by a company with set business hours or if you are contracted to various facilities or companies. The hours are usually full time, Monday to Friday. In management consultancy positions you should expect extra work having to be carried out for large projects and to meet deadlines.
Consultants can spend considerable time travelling between client sites. Work can be carried out on an international level, with many client organisations having offices overseas. This can provide opportunities for travel and work abroad.
Typical employers in the management field are management consultancies, strategy consultants, human resource consultants, information technology consultants, financial consultants and outsourcing consultants. Management consultants operate across a whole range of industries and sectors, including charities and educational institutions, financial services, healthcare, hospitality and leisure, manufacturing, media and telecommunications, the public sector and government, retail and utilities.
Related jobs include:
- Business adviser
- Business analyst
- Business development manager
- Chartered management accountant
- Corporate investment banker
- Data analyst
- Data scientist
- Management consultant
- Project manager
- Risk manager
- Supply chain manager
- Construction manager
- Human resources officer
- Logistics and distribution manager
- Marketing executive
- Systems analyst
Further study
After completing a course in Management Science you may choose to pursue further study in a specialist field to increase your knowledge base and skillset. Postgraduate study can also be used as a means to change career focus or to gain professional qualifications required to practise in certain career areas such as business, economics, engineering, finance, mathematics and even science.
Many management consultants enter the profession with a background of commercial experience and in some cases a professional qualification relevant to a certain industry. It is also possible to take on project management roles, perhaps specialising in a certain industry to become an expert in that area.
FAQ
Why is Management Science important?
Management science is a powerful tool in problem-solving and decision making. It is important for a company’s profitability, efficiency, and high-quality decision-making process.
What are the 5 principles of Management Science?
Management Science has five general functions: planning, organising, staffing, leading and controlling. These five functions are part of a body of practices and theories in successful management.
Where can I study Management Science?
Explore your options here
Did You Know?
- Adults who regularly get 7.5 to 9 hours of sleep per night are up to 20% more productive.
- Workers spend more than 25% of their day reading and answering emails. If they check emails at set points in the day, it will increase their productivity.
- If you work 40 hours a week from age 20-65 you will work just over 90,000 hours in your lifetime.
- In the mid-2000s, the Netherlands became the first industrialized country to drop its workweek hours to below 30 hours.
- The average office chair with wheels travels about 12.5km per year.
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