Management Sciences & Methods

Types of Degrees Management Sciences & Methods Majors Are Getting

The following table lists how many management sciences and quantitative methods graduations there were in 2020-2021 for each degree level.

Education Level	Number of Grads
Master’s Degree	29,299
Bachelor’s Degree	10,408
Graduate Certificate	2,275
Basic Certificate	1,044
Doctor’s Degree	127
Associate Degree	125
Undergraduate Certificate	104

What Management Sciences & Methods Majors Need to Know

People with careers related to management science were asked what knowledge areas, skills, and abilities were important for their jobs. They weighted these areas on a scale of 1 to 5 with 5 being the highest.

Knowledge Areas for Management Science Majors

Management Science majors often go into careers in which the following 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

The following list of skills has been highlighted as some of the most essential for careers related to management science:

• 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

As a management science major, you will find yourself needing the following abilities:

• 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 Management Sciences & Methods Major?

Below is a list of occupations associated with management science:

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 Management Sciences & Methods?

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	1,519
Black or African American	484
Hispanic or Latino	957
White	5,358
International Students	1,520
Other Races/Ethnicities	570

Geographic Diversity

Students from other countries are interested in Management Science, too. About 14.6% 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 Management Sciences & Methods Majors Make?

Bachelor’s Degree Starting Salary

The median starting salary of students who graduated in 2017-2019 with a bachelor’s degree in management science was $53,059 per year. These stats come from the U.S. Department of Education. During this timeframe, most salaries fell between $46,962 (25th percentile) and $59,017 (75th percentile).

We don’t know for sure if all of these people took jobs related to management science so take that into consideration.

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 you may expect those with a more advanced degree to make more while those with less advanced degrees will typically make less.

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 Management Sciences & Methods

Some careers associated with management science require an advanced degree while some may not even require a bachelor’s. In general, the more advanced your degree the more career options will open up to you. However, there is significant time and money that needs to be invested into your education so weigh the pros and cons.

Find out what the typical degree level is for management science careers below.

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 Management Sciences & Methods Programs

In the 2020-2021 academic year, 513 schools offered some type of management sciences and quantitative methods program. 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)	13	0
Certificate (2-4 Years)	1	1
Associate’s Degree	10	2
Bachelor’s Degree	141	41
Post-Baccalaureate	0	0
Master’s Degree	415	68
Post-Master’s	24	0
Doctor’s Degree (Research)	32	2
Doctor’s Degree (Professional Practice)	0	0
Doctor’s Degree (Other)	0	0

Is a Degree in Management Sciences & Methods 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 Management Sciences & Methods

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

Major	Number of Grads
Business Administration & Management	416,590
Accounting	99,265
Finance & Financial Management	57,778
General Business/Commerce	56,042
Marketing	52,916
Human Resource Management	28,787
Business Support & Assistant Services	19,119
Hospitality Management	17,689
Management Information Systems	13,680
Entrepreneurial Studies	11,319
International Business	9,101
Real Estate	6,547
General Sales & Marketing	5,923
Business/Managerial Economics	5,667
Specialized Sales, Merchandising & Marketing	5,191
Other Business, Management & Marketing	4,822
Construction Management	3,846
Insurance	1,809
Taxation	1,547
Business/Corporate Communications	1,029
Telecommunications Management	55

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.