Master of Science in Hospitality Management: Revenue Management Specialization
Program Overview
FIU's online Master's in Hospitality Management with a Revenue Management specialization equips students with specific managerial and finance skills to succeed in the multibillion-dollar hospitality industry. The program focuses on revenue-related courses, including demand and strategic revenue management, while also covering topics like marketing, human resources, and law. Graduates are highly sought after for their industry-relevant education and career opportunities in both traditional and non-traditional roles, with an income range of $34,000 to $198,000.
Program Outline
Degree Overview:
FIU's online master's degree in Hospitality Management with a Revenue Management specialization is an applied business degree that gives you the flexibility to learn in your own space, at your own pace. Students will gain specific managerial and finance mastery to prepare them to work on the business side of a multibillion-dollar international industry. Courses are focused on finance, human resources, marketing, law, globalization and competitive methods for multinational companies and leadership. This specialization concentrates on revenue-related courses including demand management, hospitality enterprise technology, segmentation and price optimization and strategic revenue management. Graduates of The Chaplin School of Hospitality & Tourism Management are sought-after for their high-quality and relevant education. With a wide range of careers, the hospitality industry is one of the largest sectors in the service industry and provides a vast number of opportunities for those with an MS in Hospitality Management – Revenue Management Specialization.
Outline:
The program includes the following courses:
- HMG 6596 Marketing and Sales in Hospitality and Tourism: 3
- HMG 6280 Global Issues in Hospitality and Tourism: 3
- HMG 6296 Strategic Management for Hospitality and Tourism: 3
- HMG 6464 Segmentation and Price Optimization: 3
- HMG 6466 Hospitality and Tourism Revenue Management: 3
- HMG 6475 Demand Management: 3
- HMG 6477 Financial Management for the Hospitality Industry: 3
- HMG 6479 Strategic Revenue Management: 3
- HMG 6697 Hospitality Law Seminar: 3
- HMG 6916 Hospitality Industry Research Project: 3
- OR
- HMG 6946 Graduate Internship: 3
- Elective Graduate Course
Teaching:
Faculty value student exploration and encourage innovation. They serve as mentors and models who challenge and inspire students. Chaplin school faculty members combine strong academic credentials with excellent teaching skills and extensive executive-level industry experience to inspire students to become leaders in hospitality and tourism. Professors are steeped in knowledge about the newest new inroads to outside fields such as healthcare, and the geopolitical influence on hospitality in emerging markets. Faculty also prepare students with sound approaches to financing and networking to help encourage opportunities and innovation.
Careers:
Career Path
- Hotel General Manager
- Food Service Manager
- Entertainment Manager
- Food & Beverage Manager
- Convention Sales Manager
- Supply Chain Manager
- Cruise Operations Manager
- Revenue Manager
- Hotel Development
- Entrepreneur Non-traditional Career Paths
- HR Coordinator
- Customer Service Manager
- Sales Representative
- Recruitment Consultant
- Communication Coordinator
- General Manager Income Range
- $34,000 - $198,000 Industry Outlook
- FL: 11% ⬆️
- US: 7% ⬆️ (Sources: Bureau of Labor Statistics and onetonline.org)
Other:
- Florida International University’s Chaplin School of Hospitality & Tourism Management has been distinguished as one of the top hospitality programs in the United States.
- The Chaplin School is also in close proximity to mega theme parks in Orlando and Tampa.
- Top hotel brands, restaurants, airlines, spas, clubs, golf destinations and cruise lines call Miami their home. In fact, Miami is known as the cruise ship capital of the world.
- The Chaplin School, in partnership with Southern Glazer’s Wine & Spirits, supports the annual production of the Food Network & Cooking Channel South Beach Wine & Food Festival presented by Capitol One (SOBEWFF®).
- The school also has partnerships with some well-known names like the Fontainebleau Miami Beach which hosts the world renowned nightclub, LIV® and food and beverage producers such as Bacardi USA, and Badia Spices.
- As a critical thinker and strategist with the goal of maximizing revenue, you will sharpen your data-gathering, analytical and decision-making skills. Using advanced techniques and modern tools, you will be prepared to devise comprehensive, company-wide revenue management strategies.
- This program grants you access to Career Engage and associated scholarships.
The total cost of the online Master of Science in Hospitality Management is $27,000 for Florida residents and non-Florida residents. Students pay for courses at the beginning of each semester. All fees are subject to change.
Entry Requirements:
- Online master's programs application ($30)
- GPA: Minimum 3.0 GPA.
- Official transcripts: All applicants must submit official transcripts from all previously attended colleges/universities. Transcripts must be submitted in sealed envelopes directly from the respective institutions.
- Proof of Degree: Submit official proof of degree: a notarized copy of the original diploma is required if the degree is not posted on the official transcripts.
- Four-year bachelor degree: From an accredited institution.
Language Proficiency Requirements:
- Proof of English Language Proficiency: If you earned a bachelor's degree in a country whose official language is not English, you must demonstrate English language proficiency by earning a passing score on the Test of English as a Foreign Language ( TOEFL) or the International English Language Testing System ( IELTS).
- TOEFL: Required minimum score: 550 (paper-based exam) or 80 (internet-based).
- IELTS: Required minimum score: 6.5.
- Duolingo English Test: Graduate programs can use the Duolingo English Test. FIU Minimum Duolingo English Test Score: 110.
It is one of the largest university campuses I have ever been to as I struggled to find the places that I needed to be multiple times. Food choices are great, library is phenomenal, and water fountains are very pleasing to sit by. SASC Building has very interesting architecture.
I went here for my undergrad back several years ago and came back for my graduates. This university is a blast of culture and learning. Most of the professors are amazing, there's clubs for everything, classes that range from odd to amazing and everything in between. They keep adding to MMC making new buildings, bringing in new vendors, and creating new art.
