Do you have what it takes to become a Master in Hospitality Management?
Think about the last trip or vacation you took. How did you get there? Where did you sleep? Was it a good experience? Where did you eat? How did you get around? How did you figure out where to go . . . and what to avoid?
Answers to these questions drive the hospitality industry, and business is booming! In the United States, travel and tourism are among the nation's largest employers.
In fact, according to the American Hotel & Lodging Association, hospitality ranks among the top ten largest industries in 48 states in addition to the District of Columbia. And if you want in on the action, you'll need to consider a master's in hospitality management!
What kind of master's in hospitality management degree should you get?
Graduate programs in hospitality management can be terminal master's programs or doctoral programs. It is not uncommon for the schools on our list to feature both.
Some programs offer highly specialized programs, such as Drexel's program in food service or Florida International's program in Hospitality Data Analytics. Other programs, such as Florida Atlantic's MBA program, are intentionally broad.
Some programs also feature online options for their degrees. For more information on online education, see our Best Online Master's in Hospitality Management ranking.
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How much money do people make with master's in hospitality management degree?
Compensation will vary according to what exactly you intend to do with your degree. According to the Bureau of Labor Statistics, the average annual salary for a lodging manager is $51,840, and food service manager salaries are similar at $50,000.
If you are interested in making big money, however, the key will be in entrepreneurship and ownership. Big risks equal big rewards!
What can you do with a master's degree in hospitality management?
The hospitality industry includes a number of interrelated businesses, such as hotels, airlines, restaurants, cruise lines, car rental firms, travel agents, and tour operators.
And that's just the specialists—keep in mind that all these industries need general business and logistics support as well! By 2024, the U.S. Bureau of Labor Statistics projects that wage and salary jobs in the hospitality industry will grow by 8 percent.
What are the requirements for a master's in hospitality management degree?
Ordinarily, students will need to come to a graduate program in hospitality management with an undergraduate major in hospitality management or a related field. In some cases, students lacking an appropriate background in the field will be required to complete prerequisite courses prior to admission.
These could be, for instance, in entrepreneurship, finance, food service management, human resource management, marketing, and leadership. Be sure to confirm this with individual schools.
What are the best master's in hospitality management degrees?
We've compiled a list of the 25 best master's in hospitality management degrees with you and your needs in mind. How did we do it? First, we located the best programs in the country by taking an objective look at the best schools in the country as measured by reputation and return on investment. Then we looked at what we all want to know: how much does it cost? We combined these factors to reach our College Choice Score, which determined where each school fits into the big scheme of things.
Our data for this ranking was drawn from a variety of public sources, such as U.S. News & World Report, the National Center for Education Statistics, PayScale.com, and the U.S. Census. The end result is a list of schools that not only represent the best education you can get and a good return on investment but also one that will fit your budget.
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Master's in Hospitality Management Programs Guide 2022
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