Guide on Business Degree Programmes : Difference between MBA and MSC in Management
MBA or MSC in Managment . Which degree is better? Which of the two degrees promise a good career? Which is more advantageous and beneficial? Although both are postgraduate courses, there are many differences between them in terms of eligibility, focus and personal development.
It is generally seen that most European countries offer courses like MSc and PGDM, while the US offers more MBA courses, along with a few MA in management subjects.
The MSc degree is offered only in a particular discipline, which means that it will only deal with one main subject or specialisation of business. So then, MSc is the perfect choice if one wishes to pursue a career in a specialized field, such as finance.
An MBA, on the other hand, is an all-encompassing degree. During the last semester, you can choose to deal with one specific aspect of business, but throughout the rest of the course you will still learn about various business fundamentals. While MSc is extremely specific, an MBA is wide-reaching and goes into details about how businesses function in general.
MSC in Management
These programs are postgraduate studies for people who are fresh out of undergraduate courses and want to enhance their knowledge on a scientific level. To pursue an MSc in a particular field, the student needs to have an undergraduate degree in that same field as MSc is a continuation on a more advanced level in that specific field. The subjects are less vocational than in case of MBA and students are not required to have any previous work experience. The course structure will look at the ‘theory of management’, and will focus on developing analytical and technical skills. Typically, MSc courses in management are taught over one year. The employment opportunities an MSc opens include becoming a scientist, teacher, researcher, or consultant.
The MBA is a business course designed for students with some work experience. MBA degrees help develop leadership skills. Most of the times there are a few prerequisites for enrolling in an MBA programme. Candidates must have work experience (usually around three years), and pass relevant MBA entrance examination such as GRE or GMAT. An MBA can be studied in a number of different formats like full-time, part-time, and online. This degree provides crucial networking opportunities and connections within new industries. MBA programmes taught at foreign universities keep evolving in order to keep up with the demands of modern business scenarios, and most courses focus on international business and global management challenges.
Which degree you choose should also be based on what field you will choose to enter after finishing the course. If you want to enter into any type of business, then MBA is the preferred option. There may come a time in future when you want to branch out on your own and start your enterprise. An MSc, unfortunately, isn’t going to help you with this. If you plan to stick to one field throughout your career, then MSc is the better choice as you will be the expert in the field.