MBA in Technology Management

For anyone with a passion for technology, this degree is a serious pathway to success. An MBA (Technology Management) is an online MBA degree that one can do from the convenience of home. So what does this course entail? It is meant for technology professionals who want to take up leadership positions while maintaining their specialization in technology. Technology has become central to the functioning of all organizations and technology management is a prerequisite for data management, security, and task execution.

An MBA (Technology Management) equips graduates with relevant skills that are required to be part of this high-paced industry that is constantly changing and evolving. New skills learnt during this degree program prepare candidates for a long and successful career in technology because they are taught to work around management of technology products, companies and services.

While the primary aim of a technology management degree is to bridge the gap between management and technology, this online MBA course also helps develop the required strength in other facets of management such as marketing, finance, and human resources. Therefore, this course allows one to make science and technology a productive business practice.

Students of MBA in technology management not only receive sound academic knowledge, they are also given practical learning by simulating technology’s interactions in a business environment. While assisting students to develop their analytical thinking, this course also focuses on communication, skill development and management of business principles. So a technology management degree holder can handle all spheres of management such as technology forecasting, selection, transfer, and creation of new technology.

As organizations are increasingly relying on technology to integrate various components and processes of their business as a means to enhancing productivity within organizations, the prospects for such a degree are only improving. Where the IT industry is a well-paying one already, with an MBA degree the chances of rapid success and increments increases greatly.

An MBA in Technology Management makes one eligible for jobs in major IT and software firms for positions of software manager, computer section supervisor, trainee manager, and technical executive. Because most persons who take up this degree come with sufficient work experience, they are usually taken up to work in senior management positions across all technology-based verticals. The option of working as a consultant or establishing one’s own business always remains open.

Technology Management Is Essential in Today’s Business Environment

Say the words “technology management”, and some people have a look of puzzlement on their faces – they have no idea what the term means. Basically, technology expertise follows the same course as other strategies applied in the workplace in order to further the success and sustainability of a company or organization: Planning, organizing, staffing, implementing and monitoring/evaluation. The one difference is that in technology management, you add the “technology” factor to the mix.

Nearly every individual today knows that technology is meant to make life simpler and more streamlined. Today, information technology management allows companies to make their business more competitive by utilizing available information technology resources. Corporations and companies of all sizes benefit through information technology management, as managers and business owners discover effective ways to utilize technology so that the operation and standing of the company is improved in a competitive business environment. Technology management is necessary in all divisions, including marketing and communications, development of products, process innovations and reporting efficiency. Through these strategies, companies are able to create value and remain competitive with a cutting-edge advantage.

Information technology management can be useful in all levels of business, from online websites and internal business functions to management of daily activities in the workplace. In the corporate environment, information technology expertise assists owners and managers in determining the markets they choose to operate in. Most businesses today have an online presence in the form of a website; those in technology management can set up such a presence, making ordering materials and other goods easier and efficient. In any business setting, forecasting production and projecting sales is essential; information technology also becomes useful in this sense, since many companies use software to create this data.

In any type of technology management, it is essential that an individual or team take responsibility for implementing and developing strategies that are functional, efficient and designed to make the everyday tasks of business easier and more efficient. At this point, efficient technology management requires that employees and management understand how these processes work, and how to use them in the most productive manner. In today’s business environment most tasks, communications and projects are made simpler due to the ease of transfer of information between departments and individuals. This means that good technology expertise often does away with time-wasting, needless activities that essentially cost the company money.

In the workplace, it’s easy for productivity and efficiency to suffer; time necessary to complete tasks and projects can be drastically reduced, resulting in an impact to the bottom line. Good technology expertise often results in an improvement in all aspects of business, including finance, accounting, research and development and human resources. Various software applications, programs and computers increase the productivity of individual employees, making many processes automatic, accurate and more efficient. In order to remain competitive in the business environment and stand apart from direct competitors, efficient technology management is an essential investment.

Technology Management MBA – Curriculum & Tips to Choose the Right MBA Program

Whether you plan to enter a master’s program right after college or you plan to return to school after years in the industry, choosing a technology management MBA program is the first step in securing your financial future. In addition to competitive salaries, this career field promises to offer stability, growth, and versatility.

Technology managers hold roughly 293,000 positions in the technology industry. During the next eight years, the workforce is expected to grow by 17%. This means technology management MBA graduates will have an opportunity to compete for more than 50,000 positions in the coming years.

According to JIST Works, earnings growth potential is expected to be “medium” and salaries will vary by industry. For example, technology managers in scientific & technical consulting services average $124,100 per year, while research & development professionals average $120,070 per year.

To start a career in technology management, you should enroll in an accredited technology management MBA program. You can earn your MBA in a traditional or online environment. Most MBA students work in the field, full-time. The flexibility and convenience of an online program allows students to keep their full-time jobs while earning a degree at night, on weekends, or just about anytime.

A large number of traditional colleges offer all or part of the MBA degree program online. All you have to do is check the school’s online division or check with the distance learning department. There are also a number of non-traditional colleges and universities that operate (for the most part) in an online environment. For the aspiring technology manager, online business schools, as well as traditional schools offer MBA programs with concentrations in operations management, human resources, labor relations, finance, and more. Information about where to find online business schools can be found at the end of this article.

Whichever format you choose, there are a number of things to look for in a quality technology management MBA program. First, the program must be accredited. The accrediting agency must be recognized by the U.S. Department of Education (Ed.gov). The top accrediting agencies for business schools include:

-Association to Advance Collegiate Schools of Business (AACSB)
-Association of Collegiate Business Schools and Programs (ACBSP)
-Council for Higher Education Accreditation (CHEA)
-Distance Education and Training Council (DETC)

You may also look for accreditation by a regional accrediting agencies. The following are recognized by the U.S. Department of Education as well:

-Western Association of Schools and Colleges
-Southern Association of Colleges and Schools
-Northwest Commission on Colleges and Universities
-North Central Association of Colleges and Schools
-New England Association of Schools and Colleges
-Middle States Association of Colleges and Schools

In addition to accreditation, you should examine the technology management curriculum carefully. In addition to technology and information systems, the curriculum should include advanced courses in economics, finance, accounting, business strategy, marketing management, human resources, statistics, manufacturing and production, and operations management. Major courses should include:

-Analyzing the Corporate Financial Environment of Technology-Driven-Companies
-Data and Information Quality for the Information Executive
-Decision Making Tools for the Technology Manager
-Enterprise Information Modeling
-Global Aspects of Technology Management
-Information Systems Policy
-Leadership and Organizational Behavior
-Managing Organizational Change
-Managing Technology Projects and Operations
-Marketing Foundations for Technology Managers
-Strategic Technology Management
-Systems and Information Concepts in Organizations

When it comes to admissions, getting past the front door at top colleges is tough.

Admissions requirements for top universities include transcripts from all institutions attended, a B average or better, high scores on the graduate record examination (GRE), and recommendation letters. The school should also require a statement of purpose or essay and other supporting materials that demonstrate leadership ability and the desire to succeed. It is important to note that competition for MBA programs is intense. Average GRE scores for top MBA programs range from 529-626 (verbal) and 700-773 (quantitative),

When you are ready to begin your search for a online MBA program or campus-based program, visit Princeton Review online to browse rankings and ratings. You may also use Bing, Ask or Google if you have time to review dozens (if not hundreds) of results. Good luck!