For anyone considering masters MBA vs MSc degree, both degrees offer similar courses of study and instruction.
Understanding the differences between an MBA and MSc degrees is vital. Some important distinctions can make all the difference when applying for jobs or graduate school programs – such as duration and cost involved with each degree program – but what about content differences? We present our guide of top five differences between an MBA and an MSc.
What Is an MBA (Master of Business Administration)?
An MBA is a postgraduate business degree designed to equip students with skills such as management, marketing, finance, human resources operations strategy law accounting etc.
An MBA program typically lasts around two years; however, schedules can differ considerably in length. The most common path into an MBA degree is via undergraduate studies at a university and application to one of many accredited schools offering it; students then need to complete an intensive course of study prior to sitting for their final exams.
MBA graduates are adept at finding employment at top-level positions within corporations, government agencies and non-profit organizations.
What Is An MSc?
A Master of Science (MSc) degree is awarded upon completing a three year full-time program of study lasting no less than three years, usually as part of another degree such as BA, BSc, MA or MBE.
Most universities provide various MSc programs, which cover topics in engineering, science, health sciences, social sciences, humanities and arts. While MSc may seem less specific than MBA in that it specializes in one subject area – for instance an MSc in Accounting will cover financial accounting whereas an MSc in Marketing would focus on marketing alone.
An MSc provides students with the chance to specialize in their chosen field of study, which can lead to greater job opportunities if you know exactly where you want your career path to be heading. By contrast, an MBA provides you with all-round business knowledge so that you can work across various industries successfully.
5 Key Differences Between an MBA and an MSc
Here we explore five differences between an MBA and MSc degree, providing more clarity for prospective applicants.
1. Depth of Study
One of the key differences between an MBA and MSc lies in their required depth of study. An MBA generally covers an array of topics while MSc courses typically delve deeper into one specific area. This makes sense, since an MBA prepares candidates for multiple roles whereas MSc can give a foundation in one specific area.
2. Career Prospects
Another significant difference between an MBA and MSci lies in its career prospects. Both degrees offer valuable training for employment in any industry – perfect if your aim is becoming CEO! In contrast, MSci degrees specifically prepare individuals for specific sectors; an MSc Marketing degree would be useful for someone hoping to enter this sector as director or HOD of Marketing department.
3. Skillset
Although an MBA may be ideal for individuals without prior business experience, an MSc can benefit those with some prior expertise in their chosen field. While an MBA teaches general business and management skills, an MSc provides students with technical instruction tailored to specific industries through practical classes.
4. Eligible Candidates
An MBA can help any professional advance their career by developing new knowledge and skills. An MSc, on the other hand, only accepts applicants with some prior experience in their desired area of specialization; hence it may not be suitable for everyone.
5. Entry Requirements
MBA entry requirements vary by university. Some require a minimum GPA, while others demand work experience or both – some also accept either/both requirements; the key difference being that most universities mandate having at least an undergraduate degree regardless of any work experience that might have been gained through an MSc degree program.
Conclusion
We hope the above information has been beneficial when selecting between an MBA or MSc as your degree of choice. Both degrees provide essential education; ultimately it’s up to you to decide which degree fits with your desired career goals best.
