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Leadership and Management – Which Degree Should You Study in 2021?

Leadership and Management are not the same terms, but they are usually used as synonyms, despite the fact that they are not. Leaders and managers are similar, work together, and even have some goals in common, but how they function and their general impact is different.

Leadership vs Management: What is the difference?

Leadership and Management are two sides of the same coin. You cannot separate Leadership and Management, they are not the same, and they balance each other. To attain sustainable and enduring success, organizations of all sizes need both leaders and managers.

Leadership is about motivating people, sharing an objective, an ambitious mission and making others follow in your footsteps. Leaders are individuals we admire, individuals who make gladdens our hearts when they speak and who make us feel like we are part of something bigger, and that what we do matters.

Management has to do with coordinating, planning, and the everyday administration of tasks. Managers help to manage a leader’s vision and ensure that employees — through their activities and work — get the organization closer and closer to that vision.

Leadership vs Management classes

Each school is free to come up with the structure and syllabus of study programs. To provide you with a general idea, the following are some of the typical classes you might take during a Leadership or Management program:

Leadership classes

  • Leadership Fundamentals
  • Leading Teams
  • Ethical Leadership
  • Global Leadership
  • Leadership Communication
  • Conflict and Adversity
  • Emotional Intelligence
  • Cross-Cultural Leadership
  • Strategic Analysis and Decision Making
  • Leadership Styles

Management classes

  • Business Environment
  • Applied Finance
  • Business Models
  • Financial Analysis and Reporting
  • Operations Analysis and Control
  • Corporate Sustainability and Responsibility
  • Strategic Management
  • Presentation Skills
  • Global Marketing
  • Organisational Behaviour

Top schools to study Leadership or Management

To study the best Leadership and Management programs, select one of the schools listed below. In line with the ranking produced by TopUniversities, these schools are the best academic institutions for future leaders and managers:

  • Harvard University, US
  • INSEAD, France
  • London Business School, UK
  • Massachusetts Institute of Technology (MIT), US
  • Stanford University, US
  • University of Pennsylvania, US
  • Bocconi University, Italy
  • University of Cambridge, UK
  • HEC Paris, France
  • University of Oxford, UK

Various rankings use various criteria to assess business schools across the world. Other top rankings worth checking out are:

Skills you will acquire with a Leadership or Management degree

The following skills are crucial for a successful leader or manager:

  • Communication, both verbal and written
  • Presentation (especially for leaders)
  • Problem-solving
  • Delegation
  • Offering and receiving feedback
  • Time and people management (particularly for managers)
  • Strategic thinking and planning
  • Mentoring
  • Interpersonal skills

Leadership and Management jobs

Leaderships and Management jobs come with high salaries, but not automatically stability. Leaders and managers have many responsibilities, and when they fail to get positive results, they are the first ones to get the stick.

Now, let us take a look at some of the most common Leadership and Management jobs in the United States:

Leadership jobs

  • Human Resource (HR) Manager
  • Organisational Trainer
  • Executive Director at Non-Profit Establishments
  • Social Service Administrator
  • Sales Director

Management jobs

  • Project Manager
  • Engineering Manager
  • Healthcare Administrator
  • Operations Manager
  • Office Manager

Conclusions

Although Leadership and Management intersect in many areas, they are not the same. You are implored to take some time and make the decision on what you wish to do. If you are excited by motivating people, and you wish to be a positive force of change in the world, then go for a Leadership degree.

If you wish to oversee the activities of other people, help them grow and remain productive, then become a manager. Your dependents will appreciate you a lot for that.

Overall, things are not so definitive. A good manager can become a leader with enough experience and will to transform, and a leader can take on a managerial role if they are willing to adapt.

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