Nonprofits differ from for-profit organizations in more ways than revenue classification alone. They differ in the scope and intent of their missions. How they are managed is different, too.
Nonprofits seek to benefit society. Examples include professional organizations like the Institute of Electronics and Electrical Engineers (IEEE), which gives members access to cutting-edge information and networking opportunities. IEEE's mission is "to foster technological innovation and excellence for the benefit of humanity." Habitat for Humanity is a global nonprofit housing organization. Habitat's vision is of "a world where everyone has a decent place to live."
Nonprofits also do not have any kind of ownership, and income funnels back into the nonprofit's activities.
Nonprofit organizations deal with a broad spectrum of sectors such as environmental outreach, social service and human rights outfits, as well as educational institutions, credit unions and chambers of commerce. A Master of Science in Nonprofit Administration can help those who are looking to build on an existing career in a nonprofit or transition to a nonprofit career.
Benefits of an MS in Nonprofit Administration
A nonprofit management degree program provides students with knowledge of leadership and financial management principles and effective fundraising techniques. Much like bootstrapping a startup, working in a nonprofit requires making every resource count.
The job outlook for fundraisers is better than average, according to the Occupational Outlook Handbook from the U.S. Bureau of Labor Statistics. The BLS projects there will be 13,400 job openings for fundraisers between 2016 and 2026.
O*Net Online reports that almost 80 percent of fundraisers have a bachelor's degree. Only 6 percent have a master's degree. A master's degree can be beneficial for people who want to enhance their knowledge of fundraising. It can be a decisive step to making a career change and learning how to maximize the resources at a nonprofit.
The Degree Is Not Just for People Who Work for Nonprofit Organizations
Initially, LSUS student Rhonda Winbush had planned to pursue a nursing career. While doing clinicals, she discovered it was not the career for her. However, she knew she wanted to work in healthcare, but she did not know where she wanted to be.
She ended up working as a community outreach specialist in a for-profit healthcare company. This involved working with many nonprofit organizations. She has applied a lot of what she learned from the Master of Science in Nonprofit Administration in her job.
People who have started a nonprofit organization with devoted volunteers may also be interested in pursuing the MS in Nonprofit Administration. Core courses cover the key aspects of running a nonprofit including financial management, administrative law and governance.
Louisiana State University in Shreveport has an optional Nonprofit Development track for those who want to develop expertise in planned giving, designing capital campaigns and managing annual giving campaigns.
How Can I Learn About Nonprofit Management?
Development of Philanthropy and Nonprofit Organizations is an LSUS online course that explores the origins and role of nonprofit organizations in America. Students study the social, economic, political, ideological and cultural importance of nonprofits on society. This is a foundation course in the online Master of Science in Nonprofit Administration program at LSUS. Taking this course provides you with an overview of the MS program. It enables to you test the waters to help you decide if the program fits your career goals and your personal goals.
Furthermore, LSUS is the only Louisiana college that is a Nonprofit Leadership Alliance (NLA) campus partner. These campuses apply the NLA model in providing classroom and hands-on learning to prepare students for earning the Certified Nonprofit Professional (CNP) credential.
Learn more about the LSU Shreveport online Master of Science in Nonprofit Administration program.
Sources:O*NET Online - Summary Report for Fundraisers
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