Wednesday, March 11, 2009

Master of Business Administration (MBA): Nonprofit Management Degree Overview

In nonprofit organizations, employers need individuals with strong communication and fundraising skills who can mobilize public support for their causes. A Master of Business Administration: Nonprofit Management degree will give you these skills and others to help you rise to the top. An MBA in Nonprofit Management is great for individuals who want to work in the fast-growing and rewarding world of civic or charitable work.

MBA in Nonprofit Management Degree Summary

The field of nonprofit and civic work is growing fast. Although job opportunities should be excellent in most employment settings because of high job turnover, it can be tough to get a management position in this field. That's where higher education comes in: a Master of Business Administration (MBA) in Nonprofit Management prepares individuals to head non-profit corporations, foundations, educational institutions and associations.

Skills Acquired

In the course of an MBA program in Nonprofit Management, you'll learn the principals of business management, public administration, accounting, human resource management, taxation and business law as it applies to nonprofit organizations. Such programs also teach students to deal with unique challenges such as generating operating finance, attracting high-caliber professionals, maintaining goodwill services and finding meaningful tools to measure success with.

Required Courses

Courses in an MBA Nonprofit Management Program are designed to develop the skills specific to management work in charitable and civic organizations. Classes may include:

  • Statistical Analysis
  • Public Management Economics
  • Law and Public Affairs
  • Environmental Affairs
  • Public Management
  • Management in the Nonprofit Sector
  • Financial Management
  • Public Policy Process
  • Negotiations
  • Public Program Evaluation
  • Urban Management
  • Executive Leadership
  • Human Resource Management

Career Related Information

Job Outlook

Now is a great time to get into the nonprofit sector. Jobs are increasingly plentiful, the field is growing fast, and Americans are giving more than ever to charitable causes: nearly $250 billion in 2004, according to the Giving USA Foundation, www.aafrc.org. Most projections show the sector continuing to grow for the foreseeable future, too, meaning your involvement in the field will pay off now and over the long term.

Salary Information

It's called nonprofit for a reason: salaries in the nonprofit sphere tend to be low. However, directors and upper-level managers can make decent money while still doing very rewarding work. According to the Nonprofit Times Annual Salary Survey, www.nptimes.com, directors of various organizations can make upper-level management wages of up to six figures for some positions. Additionally, managers of nonprofit organizations often receive fringe benefits that vary by region, sector, and organizational budget.

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