Overview On MBA in Technology Management
Graduates having an MBA degree specializing towards technology management have one of the biggest monetary value in terms of salary as compared to other jobs. With an annual median wage of $127, 640 per year, the growth for job opportunities for Computer and Information system managers is faster than average working out to approximately 15% to 21% making it one of the fastest growing markets for MBA opportunities amongst all sectors.
Some common tasks include:
1) Review of project plans, planning and organization of the activity.
2) Managing backup, security and user help systems.
3) Derive organizational goals, procedures and policies.
4) Development of computer information resources whilst also providing for secured and controlled data, strategic computing, and recovery from a disaster.
5) Consulting with users, management, vendors, and technicians to assess computing needs and system requirements.
6) Staying up-to-date with the advancements in technology.
7) Taking care to resolve problems and working in a cooperative environment with department heads, managers, supervisors, vendors, and others.
8) Providing technical support for users
9) Responsibility for recruiting, hiring, training and supervising of staff members.
10) Evaluate data processing proposals to assess project feasibility and requirements.
11) Keeping a tab on operational budget and other expenses.
12) Review and approve all systems charts and programs prior to their implementation.
13) Direction of daily operations of different departments, analysing workflow, establishing priorities, developing standards and setting deadlines.
14) Assignment of tasks of systems analysts, programmers, and other computer-related workers and then reviewing them afterward.
15) Evaluation of technology used and needs; Recommend improvements or request for upgrades in hardware or software.
16) Prepare and review progress of all operations.
17) Purchasing of necessary equipment.
There are usually three broad categories of career options for those who are qualified with an MBA in technology management. They may pursue a variety of high level careers such as the following:
1) Information Systems Manager: These managers work at multi levels within a company who overlooks the IT department (including resources and personnel of the department) for the company. Estimated annual salary ranges from $76,420-$156,560.2) Systems Analyst: These analysts oversee design and work for an optimization of computer systems and technology infrastructure, then manage the installation and phasing in of new systems. Estimated annual wages ranges from $50,290 to $125,460.
3) Chief Technology Officer: This post is the highest-ranking possible for technology managers within a company. These officers ensure that the company’s information technology resources enhance the company’s business goals. Estimated annual wages range from $83,243-$240,909.
Wage payment, of course, depends upon a lot of factors including the company, work experience, work input and output rate, etc.
The core courses of an MBA course remain the same. However, if one wishes to change careers and dive headfirst into the technological world, one must possess technical knowledge apart from the other desired working skills set such as innovative thinking, etc. By selecting the IT electives provided by the institute in the second year of MBA, one may ensure a better understanding of the technical field. Also, a B.Tech degree in Computer Science and Engineering or equivalent and having had atleast 2 years of working experience accentuates the value of the degree.
These schools provide IT courses for students to elect in order to specialise themselves in this field.
1) Sloan School of Management, MIT.
2) Tepper School of Business, Carnegie Mellon University, Pittsburgh
3) McCombs School of Business, University of Texas, Austin, Texas
4) Carlson School of Management, University of Minnesota – Minneapolis, Minn
5) Robert H. Smith School of Business, University of Maryland, College Park, Md.
6) The Wharton School, University of Pennsylvania, Philadelphia, Penn.
7) Leonard N. Stern School of Business, New York University, New York, N.Y.
8) Stanford Graduate School of Business, Stanford University, Stanford, Calif.
9) J. Mack Robinson College of Business, Georgia State University, Atlanta, Ga.
10) Eller College of Management, University of Arizona, Tucson, Ariz.
Eligibility and admission into these programs follow the same convention as the regular MBA degrees. Only difference comes into play when selecting the right electives for specialization of the course. This also enables a better understanding of technological resources and procedures requiring implementation in the professional world.
MBA in technology management hence proves to be a highly desirable and highly demanded profession in today’s rapidly growing market.