Types of Degrees Majors Are Getting

The following table lists how many management sciences & quantitative methods graduations there were for each degree level during the last year for which data was available.

Education Level	Number of Grads
Master’s Degree	33,777
Bachelor’s Degree	10,869
Graduate Certificate	2,056
Basic Certificate	987
Doctor’s Degree	206
Undergraduate Certificate	110
Associate Degree	32

What Majors Need to Know

In an O*NET survey, management science majors were asked to rate what knowledge areas, skills, and abilities were important in their occupations. These answers were weighted on a scale of 1 to 5 with 5 being the most important.

Knowledge Areas for Management Science Majors

This major prepares you for careers in which these knowledge areas are important:

• Mathematics - Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
• English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
• Administration and Management - Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.
• Customer and Personal Service - Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
• Computers and Electronics - Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.

Skills for Management Science Majors

A major in management science prepares you for careers in which the following skill-sets are crucial:

• Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
• Speaking - Talking to others to convey information effectively.
• Reading Comprehension - Understanding written sentences and paragraphs in work related documents.
• Active Listening - Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
• Complex Problem Solving - Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.

Abilities for Management Science Majors

A major in management science will prepare for your careers in which the following abilities are important:

• Oral Expression - The ability to communicate information and ideas in speaking so others will understand.
• Written Comprehension - The ability to read and understand information and ideas presented in writing.
• Oral Comprehension - The ability to listen to and understand information and ideas presented through spoken words and sentences.
• Written Expression - The ability to communicate information and ideas in writing so others will understand.
• Deductive Reasoning - The ability to apply general rules to specific problems to produce answers that make sense.

What Can You Do With a Major?

People with a management science degree often go into the following careers:

Job Title	Job Growth Rate	Median Salary
General and Operations Managers	9.1%	$100,930
Statisticians	33.9%	$87,780

Who Is Getting a Bachelor’s Degree in ?

This is one of the most frequently chosen business majors. It is the 9th most popular in the country with 10,408 students graduating with a bachelor’s in management science in 2021. This major tends to be male dominated. About 59% of recent graduates are men.

Racial-Ethnic Diversity

At the countrywide level, the racial-ethnic distribution of management science majors is as follows:

Race/Ethnicity	Number of Grads
Asian	1,711
Black or African American	471
Hispanic or Latino	1,007
White	5,587
International Students	1,479
Other Races/Ethnicities	614

Geographic Diversity

Americans aren’t the only ones with an interest in Management Science. About 13.6% of those with this major are international students. The most popular countries for students from outside the country are:

• China
• India
• Malaysia
• Taiwan
• South Korea

How Much Do Majors Make?

Bachelor’s Degree Starting Salary

Salaries According to BLS

Management Science majors often go into careers where salaries can range from $87,140 to $116,250 (25th to 75th percentile). This range includes all degree levels, so the salary for a person with just a bachelor’s degree may be a little less and the one for a person with an advanced degree may be a little more.

To put that into context, according to BLS data from the first quarter of 2020, the typical high school graduate makes between $30,000 and $57,900 a year (25th through 75th percentile). The average person with a bachelor’s degree (any field) makes between $45,600 and $99,000. Advanced degree holders make the most with salaries between $55,600 and $125,400.

Amount of Education Required for Careers Related to

Some careers associated with management science require an advanced degree while some may not even require a bachelor’s. Whatever the case may be, pursuing more education usually means that more career options will be available to you.

How much schooling do you really need to compete in today’s job market? People currently working in careers related to management science have obtained the following education levels.

Education Level	Percentage of Workers
High School Diploma - or the equivalent (for example, GED)	3.7%
Post-Secondary Certificate - awarded for training completed after high school (for example, in agriculture or natural resources, computer services, personal or culinary services, engineering technologies, healthcare, construction trades, mechanic and repair technologies, or precision production)	1.6%
Some College Courses	4.6%
Associate’s Degree (or other 2-year degree)	3.2%
Bachelor’s Degree	32.1%
Post-Baccalaureate Certificate - awarded for completion of an organized program of study; designed for people who have completed a Baccalaureate degree but do not meet the requirements of academic degrees carrying the title of Master.	8.7%
Master’s Degree	24.9%
Post-Master’s Certificate - awarded for completion of an organized program of study; designed for people who have completed a Master’s degree but do not meet the requirements of academic degrees at the doctoral level.	2.6%
First Professional Degree - awarded for completion of a program that: requires at least 2 years of college work before entrance into the program, includes a total of at least 6 academic years of work to complete, and provides all remaining academic requirements to begin practice in a profession.	1.7%
Doctoral Degree	15.9%
Post-Doctoral Training	1.8%

Online Programs

The following table lists the number of programs by degree level, along with how many schools offered online courses in the field.

Degree Level	Colleges Offering Programs	Colleges Offering Online Classes
Certificate (Less Than 1 Year)	0	0
Certificate (1-2 years)	16	0
Certificate (2-4 Years)	1	1
Associate’s Degree	14	3
Bachelor’s Degree	164	54
Post-Baccalaureate	0	0
Master’s Degree	462	82
Post-Master’s	23	0
Doctor’s Degree (Research)	41	3
Doctor’s Degree (Professional Practice)	2	1
Doctor’s Degree (Other)	1	0

Is a Degree in Worth It?

The median salary for a management science grad is $92,600 per year. This is based on the weighted average of the most common careers associated with the major.

This is 132% more than the average salary for an individual holding a high school degree. This adds up to a gain of about $1,054,000 after 20 years!

Majors Related to

You may also be interested in one of the following majors related to management science.

Major	Number of Grads
Business Administration & Management	403,753
Accounting	93,982
General Business/Commerce	56,779
Finance & Financial Management	54,690
Marketing	52,078
Human Resource Management	27,074
Business Support & Assistant Services	19,686
Hospitality Management	16,015
Management Information Systems	12,429
Entrepreneurial Studies	12,241
International Business	8,014
Real Estate	7,448
General Sales & Marketing	5,450
Business/Managerial Economics	5,151
Specialized Sales, Merchandising & Marketing	4,668
Other Business, Management & Marketing	4,606
Construction Management	4,158
Insurance	1,737
Taxation	1,447
Business/Corporate Communications	897
Telecommunications Management	68

References

*The racial-ethnic minorities count is calculated by taking the total number of students and subtracting white students, international students, and students whose race/ethnicity was unknown. This number is then divided by the total number of students at the school to obtain the racial-ethnic minorities percentage.

• College Factual
• College Scorecard
• National Center for Education Statistics
• O*NET Online
• U.S. Bureau of Labor Statistics
• Usual Weekly Earnings of Wage and Salary Workers First Quarter 2020
• Image Credit: By в±® under License

More about our data sources and methodologies.