Nonprofit organizations differ from for-profit companies in several ways, which is why many leaders in the nonprofit world have specialized degrees, such as a Master of Science in Nonprofit Administration.
Nonprofit administration requires a thorough understanding of the culture of nonprofit work, including unique tax laws, fundraising, team leadership and more. A graduate degree that focuses on these key areas can prepare you for a meaningful and successful career in nonprofit work.
Learn real-world skills
Most business administration programs emphasize for-profit business practices while public administration programs emphasize government administration. However, a masters in nonprofit management focuses on applicable skills specific to this dynamic field. Financial management is one such area. A nonprofit organization has different concerns than a typical business. Students in a specialized master's program can learn techniques and skills to build sound financial strategies, develop financial reports and discover sources of funding.
Someone working in nonprofit administration must also be knowledgeable in organizational design and management as these topics relate to nonprofits. Learning how to shift organizational behavior and how to properly structure a nonprofit from the inside are valuable to those in administrative positions. A reputable program will be taught by successful managers who have experience in nonprofits and who can share their real-world experiences with their students.
Increase your value to current and potential employers
It goes without saying that the nonprofit world typically runs on less money than the corporate world. However, for those with an altruistic outlook and who enjoy challenges, nonprofit administration offers the perfect environment to thrive. There is room for growth and having a master's in nonprofit administration shows employers that you possess critical-thinking skills and know about the specific challenges nonprofits face.
When it comes to nonprofit management, developing and delivering presentations and speeches can often be part of the job and you will develop these skills while earning your graduate degree. Potential employers will also know that you have an academic understanding of managing staff, volunteers and even board members. A master's degree can oftentimes be the thing that sets you apart from other potential hires.
There are many opportunities for career growth in the world of nonprofit administration. But one of the best ways to ensure your spot among the higher-level workers is by earning a graduate degree with a focus on nonprofit management.
Learning about the challenges nonprofits face, the roles of nonprofit governance, and how to run a successful organization based in philanthropy are a few issues that leaders will face. Thorough understanding of the complex nonprofit landscape will propel your career in nonprofit.
Learn more about the LSUS online MS in Nonprofit Administration program.
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