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Time is a priceless source. Time is passing by and never comes back. However, we have so many things we dream to do and so many things that we have to do. Because of the competitive conditions in business life nowadays forcing people and businesses to do so many things simultaneously, the importance of right decision making for the right jobs with the right methods become more and more important. For those who can't perform the necessities of time management effectively in their private and business lives, through not being able to keep themselves updated, it will result in failure and unhappiness. Time, when once consumed, can never be taken back. Therefore, it should be considered consciously, with good planning, and should be used wisely in order for success to be obtained and productivity to be increased. The purpose of this study is, for those students who give importance to education and therefore having master's degree education; in order to cope with the constant changes and developments of the business life, to know that the most significant challenge ahead will be, the misuse of their time management. With this thought in mind, for those students who are working in different jobs at different times and ages, and studying in the same time frame; finding out the relationship between time management skills and academic performance/success, through the application of time management survey is critically important.