We live in unprecedented times. As we continue to go through some of the most significant changes in recent history, established businesses will evolve, and new ones will emerge at a rapid pace. In order to keep up, aspiring managers and strategists need the right skills, knowledge and experience. The right education can provide this.
Lancaster University Management School (LUMS) offers a suite of postgraduate programmes that fit this bill. LUMS is renowned for providing high-quality teaching, and for producing top-level graduates. The school is quadruple accredited by the Association to Advance Collegiate Schools of Business, the EFMD Quality Improvement System, the Association of MBAs and the Small Business Charter, and highly-regarded by the Financial Times, Forbes, The Economist and more for its line-up of outstanding programmes.
Leading the globally-recognised MSc Management programme is Dr. Radka Newton. She foresees several trends impacting businesses in a post-COVID world: an increase in support for local communities and businesses; more flexible working arrangements; new business models; and a greater emphasis on people and the planet’s health.
The MSc Management programme is aimed at students who want to fast track a successful career in management. Every year, students, alumni and business representatives collaborate to review the curriculum, ensuring relevance and continuous improvement. This reputation catches the attention of many businesses, which often recruit directly from the programme.
Students benefit from professional development sessions, which offer them a head-start on these trends. Students meet practitioners, business people, entrepreneurs and alumni in relevant roles, and Newton says: “Each session has a focus related to the subject students are currently studying. The purpose is to provide a link between academic knowledge and the practitioner’s views, as well as employment opportunities related to that area (accounting, marketing etc.)”
Company projects are just as beneficial. For example, last year’s summer consultancy project enabled students to assist in supporting the regional economy and local businesses by tackling COVID-related issues and providing fresh solutions. Students were also tasked to develop new international business opportunities for Voom, a UK-based sports nutrition company, with a focus on the Chinese market “The quality of the companies, the engagement and the contribution to the local economy make this an extremely positive aspect of the programme,” says Newton.
Live, immersive and engaging learning
Founding director of LUMS MSc Strategy, Dr. Robert Demir, does not address his students as postgraduates or students, but as strategists. “Taking a strategy degree at LUMS not only equips them with the latest tools and a framework of strategic management, but also expects them to become strategic,” he says.
The MSc Strategy programme teaches the art and practice of strategy. Students graduate with the know-how to develop strategic business models, understand the implications of digital strategy, and utilise mergers and acquisitions as a potential strategy to address challenges and opportunities. Endorsed by Ernst & Young (EY) and Gränges, this is a programme that benefits from depth of expertise, knowledge and cutting-edge research.
Demir sees three trends that will emerge in a post-pandemic world: fundamental changes to innovation processes, heightened multi-level secrecy and digital transformation. These are neither new nor unique but are set to increase in pace and scope. MSc Strategy students are challenged to be professionals tackling these trends from day one. Heavily reliant on real-life cases, students immerse themselves in common practices in industry, reflect on changes in practice, and even develop ideas for changing practices.
They also take part in live cases, such as consultancy projects, hackathons, internships, and strategy projects, and interact directly with executives, managers, specialists, consultants and entrepreneurs. This allows them not only to learn from them, but also to better hone their understanding of concepts in practice. “In doing so, our students are better equipped to communicate convincingly and discuss real-life business challenges and opportunities with professionals,” Demir explains.
Paired with dedicated career support, these are just two of the wide range of postgraduate programmes that set LUMS students up for success. All LUMS master’s students have access to direct guidance and support from the careers team, who offer students access to virtual assessment centres, mock video interviews and other facilities to give them the best chance to achieve their career ambitions.
LUMS graduates can be found excelling in multinationals such as Apple, Coca-Cola, GSK, Hewlett Packard, Microsoft and Unilever, as well as top global professional service firms such as Accenture, Bank of America Merrill Lynch, Deloitte, EY, IBM, KPMG and PWC.
If you are ready to take the business world by storm and fast-track a career with Lancaster University Management School, click here to learn more today.