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Technology Management MBA

January 7, 2014 6:32 pm0 commentsViews: 364

The study of Technology Management is a variable area of study that combines new technology applications with the fundamentals of business management. Students who complete this particular course of study are usually in demand for entry to mid-level positions in a variety of businesses, governmental agencies, and other organizations. Students may choose to concentrate on a specific area of study within the parameters of Technology Management in order to make their degree more valuable to a certain section or industry in the business environment.

A Technology Management degree is most often sought after by individuals looking to enhance their management skills and increase their knowledge about the many different types of new technology available on the market today.

What Is a Technology Management MBA?

The field of Technology management is a course of specialized study that is often included within the Executive MBA programs. This means that students who usually enroll in these types of courses are most likely already working professionally in their field of interest.

The purpose of this type of study is to build leaders in the world of business that are already highly skilled managers in their careers but are also capable of adapting to the many changes that can come along as a result of implementing new technology. This course of study can not only teach specialized knowledge in the student’s preferred field of study, but can also cross industries where they may overlap.

Specific Requirements

Acceptance in this type of program will put great emphasis on previous work experience. The fact that the foundation of study will rely on the student’s understanding of the core fundamentals of the business world will most likely require that they have been professionally employed in their particular industry for a period of ten years or more in addition to having obtained a Bachelor level degree in their personal field of study.

Types of Courses to Expect

All students will be expected to take the core MBA courses. These will include:

  • Marketing
  • Accounting
  • Finance
  • Management

After the completion of the core courses students will be expected to master a battery of specialized courses that include technology management courses and electives that focus on their field of employment. These can come in the form of extremely specialized electives.

A Management Technology phase of study will give students in depth knowledge in managerial economics like supply and demand, production technology, costs and operation of markets along with how to use the technology related tools and systems to cover those areas of concentration.

An Emerging Technology course will be offered in the form of a seminar. There, students will learn about the modern workplace as well as chemical and mathematical principles, commercial applications, technology competition and quantum computing. A completion of this phase of study will help students to appreciate how businesses will function in the future and how the new technology will help them.

The Biotechnology elective was specifically designed for those who are already involved in the field of biotech. Students will have extended study in areas such as fund raising, grant writing and regulatory approval. Since this highly specialized area is often closely related to preventing disease, students may have a strong emphasis on research and development and have a medical background to support it.

Some offer additional elective courses of study that include biopharmaceuticals, nanotechnology, operations management, and entrepreneurship. These additional classes give the student the opportunity to tailor their degree to a profession where they intend to launch their career.

Areas of Specialization

Because technology can touch on every industrial possibility in the modern world there is no limit to the area of specialization a student may choose. Many popular choices include the professions in security, healthcare, logistics, marketing and sales, and education; however, the options are not limited to these. Once you’ve received a degree in this field you will have a clear advantage over those in the field with similar experience.

Popular Careers

One of the advantages of obtaining your MBA in Technology Management is that there are many excellent career options available with high salaries. Here is a sampling of some of the best job options in terms of job demand and salary:

Computer and Information Systems Manager

A computer and information systems manager may often be referred to as an information technology manager or an IT project manager. They are responsible for planning, coordinating and directing all computer-related tasks in a company. They also are responsible for determining what the ongoing IT roles are in the organization. Common duties include:

  • Analyze what the different technology needs are for a company and recommend any potential upgrades that could make meeting company goals easier
  • Supervise the planning and direction of installing and maintaining computer software and hardware
  • Perform assessments of costs/benefits of any new IT projects, and provide justification for funding on these projects
  • Collect research about new information technology; look for innovative ways to improve company computer systems
  • Supervise and direct the work of other information technology professionals

It is important for most computer and information systems managers to have an advanced business management degree, such as an MBA. Such positions require a strong leader with highly developed skills in leading others. Few of such managers do all of the duties that are described above. Such managers may also work in higher level technology positions such as chief information officer or chief technology officer.

Software Developer

Software developers are very important technology workers who are essentially the creative minds that design computer apps and programs. Some software developers write the applications that allow consumers to do certain tasks on a computer or handheld device. Others work on the operating systems that run the computers, devices or control computer networks.

Software developers have the following duties in many cases:

  • Analyze the needs of the user. Then, you need to design, test and develop the software that will fulfill the requirements
  • Provide recommendations for software upgrades to existing systems and programs; these can be for either consumers or business workers
  • Design every part of the system or application and carefully plan how each piece will work with the other
  • Make sure that the program functions as intended throughout testing and maintenance
  • Document all aspects of systems or applications to serve as a reference for maintenance and upgrades in the future

Software developers typically work as either applications software developers, or systems software developers. In either case, upper level management roles are often held by professionals with a graduate degree in computer technology or business.

Career Path and Salary

According to the US Bureau of Labor Statistics, the demand for senior-level positions in your chosen field will be quite high. While still competitive, the median salary expected for these jobs will range somewhere between $66,590 for Financial Analysts to $158,560 for Chief Executives, with a wide range of other salaried positions fitting somewhere in between. Because of the wide potential for many to branch off into many different areas, it is difficult to measure potential salaries with any degree of accuracy. This is also true of those who are looking for figures that represent potential growth in the market in the coming years.

Online Degree Programs

Technology professionals who want to take the next step in their business career may want to earn their MBA in technology management. Below is a quality program worthy of consideration.

Southern New Hampshire University

Experienced business professionals in information technology who want to accelerate their career growth will benefit from this Master of Business Administration in Information Technology Management from Southern New Hampshire University. This program can be completed in some cases in one year, providing you with a solid foundation in business management, as well as expert level skills in information technology.

This IT management MBA degree is very affordable, and you can finish it entirely online full time, so that you can continue to work. Graduates with this degree have a strong competitive advantage as they learn these skills:

  • Use cutting edge network and e-commerce technologies to meet the business goals of an organization
  • Manage the constantly changing IT needs of all types of companies
  • Design and manage all aspects of various IT projects
  • Use data communications and telecommunications in global marketplace

Details

  • University Type: Non-profit
  • Campus Location: Manchester, New Hampshire
  • Accreditation: New England Association of Schools and Colleges
  • Tuition: Inquire
  • Degrees Offered: MBA in Information Technology
  • GMAT/GRE Required: No
  • Financial Aid Offered: Grants, loans, work study, internal and external scholarships
  • Other Information: This MBA can be completed in only a year and 100% online for some students

Colorado Technical University

The rapidly evolving business and technology landscape has caused there to be very fast invention, adoption and refinement of IT systems in all kinds of companies around the globe. Businesses are busy leveraging these technology tools to boost the quality and profitability of their operations in both the domestic and global marketplace.

Colorado Technical University has an MBA in Technology Management that is made to prepare you to lead companies in planning, developing and managing IT systems. This program will educate you on how to manage the technical parts of IT systems, as well as manage the entire business operations side of the company.

Some of the required courses in this 48 credit hour, two year program are:

  • IT Management
  • Relational Database Management Systems
  • Networking and Telecommunications
  • Management Capstone

Details

  • University Type: Non-profit
  • Campus Location: Colorado Springs, Aurora, Colorado
  • Accreditation: Western Association of Colleges and Schools
  • Tuition: Inquire
  • Degrees Offered: MBA in Technology Management
  • GMAT/GRE Required: No
  • Financial Aid Offered: Grants, loans, work study, military discounts, fellowships, internal and external scholarships
  • Other Information: Three MBA prep courses are required for those entering the program without a bachelor’s in business.