Which is accurate for you: Masters or MBA?
Any advanced degree to upgrade qualification is like an investment. These degrees can help to increase your level of confidence as well as built up your corporate ladder. Having a degree like masters or MBA will energise the professional worth of a student. In addition, two of the degrees are costly with respect to time, cost as well as labour.
The difference between Masters and MBA
Understanding the difference between the two is important.
Coverage of Course
MBA or Master of Business Administration is huge and multi- faceted and provides a business degree that enclose fields of studies like finance, human resources, management, sales, strategy and many more. The MBA is a normal graduate level degree to learn skills to take care of a business. The entire syllabus is based on the development of management as well as leadership skills.
On the other hand, a degree in Master’s is an option which sets a goal to impart mastery over a particular subject of your choice. In addition, this degree is for pursuing specialisation in a particular subject like finance, engineering, education and many more. This way of study will help the student to gain skill in a specific subject.
Experience of Work
This is formed where it meets the need of a professional who is working. A good business school will need 3 to 5 years minimum experience of work for admission to a MBA program. This degree of Master’s is open to graduates so it can be applied without any experiences.
Duration of Course and Cost
The Master’s degree can be acquired in 1 to 2 years whereas MBA requires minimum of 2 years to complete the course. On the other hand, there are few MBA courses of 1 year. One can choose programs like full-time, part-time as well as Executive MBA.
The cost for pursuing a MBA degree is more compared to that of Master’s.
Geographies
For Master’s there are different options to study abroad like in UK, Singapore, Europe, Canada and US.
UK has been a home for many MBA aspirants as there are top B-schools. One can go abroad to study MBA but it is not inexpensive.
Structure of Course
The Master’s degree is mainly based on theory, regular classes take place and thesis as well as research options are also present. Moreover, some universities imparts Ph.D.
MBA is a terminal program which is based on experimental learning. That is why the structure of the course add case-based learning, seminars, group projects and challenges funded by institute.
Choosing between MBA and Masters
The choice is totally depend on the student whether he or she will pursue MBA or Master’s for his or her next academic milestone. Both the degrees are excellent. One should ensure that they have to fulfil their requirements of eligibility and work experience.
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