It's More Than Ordering Pipettes & Running Samples

An innovative master's degree marries science and business.

Written byElizabeth S. Friedman andAlaina G. Levine
| 6 min read
Register for free to listen to this article
Listen with Speechify
0:00
6:00

An Innovative Master's Degree Marries Science and BusineWhat do you do as a lab manager? You ensure that standard operating procedures are followed, safety guidelines are obeyed, production deadlines are met, financial records are kept, inventory is stocked, lab procedures are documented, new employees are trained, and product quality is maintained. These are among hundreds of tasks to which you probably never gave a second thought. In recalling your rise to lab management, can you identify what prepared you for such a demanding job? Were there skills, tactics, and strategies that you wish you had known beforehand but had to master along the way?

The public may think running an efficient and organized lab is knowing when to order pipettes and Petri dishes for specimens and experiments. Rather, a lab is in every sense an entrepreneurial venture that requires intense business scrutiny as well as a firm knowledge of the scientific endeavors it supports and produces. Lab managers must have skills in finance, human resources, public relations, production and operations, marketing, strategic planning, and teambuilding. But where do you get these skills, other than on-the-job training?

In the past, there was no formal way of pursuing a rigorous education in the sciences that strategically incorporated a business curriculum—however, an educational opportunity to prepare students for professional careers that combine science and business already exists and has been growing for the last ten years. The Professional Science Master’s (PSM) degree is an advanced academic degree that enhances rigorous graduate study in science or mathematics with professional business skills demanded by today’s competitive workforce. Students emerge from the program with a strong scientific background, excellent business skills, and a specific sense of how science and business team up in many different working environments.

What is a professional science master’s degree?

To continue reading this article, sign up for FREE to
Lab Manager Logo
Membership is FREE and provides you with instant access to eNewsletters, digital publications, article archives, and more.

CURRENT ISSUE - October 2025

Turning Safety Principles Into Daily Practice

Move Beyond Policies to Build a Lab Culture Where Safety is Second Nature

Lab Manager October 2025 Cover Image