If you have graduated recently, you would wonder what professional course to pursue next. With a myriad of options available, it can be a tricky decision to make. However, this decision can help shape your career and future, so you must be careful and consider various factors. Master in Business Administration (MBA) and Master in Science (MSc) are two popular choices for students but you might be confused about which course will add more value to your resume. In this blog, we guide you on the differences between MBA vs MSc courses in all aspects. This will help you make an informed decision for your future.
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What Is An MBA?
MBA means Masters of Business Administration which is a two-year postgraduate course focused on leadership and entrepreneurship skills. It teaches students how to manage a business, operational management, or finances.
Eligibility criteria: A Bachelor's degree in a related discipline and qualifying marks in entrance exams
Subjects covered: The core subjects in the 1st and 2nd semesters are as follows -
- Managerial Economics
- Statistics for Management
- Accounting for Managers
- Marketing Management
- Legal Aspects of Business
- Financial Management
- Human Resource Management
- Conflict Resolution and Management
Career prospects: MBA offers various specializations that can help decide your career trajectory. Some career options after an MBA are -
- Marketing Data Analyst
- Creative Director
- Human Resource Manager
- Finance Manager
- Data Scientist
- Social Media Coordinator
Specializations offered: There are numerous specializations offered by different institutions. Some of them are -
- Finance
- Marketing
- Human Resources
- Information Technology
- Health Administration
- Operations Management
- Business Analytics
- Supply Chain Management
- Entrepreneurship
- Event Management
What Is An MSc?
MSc means Masters of Science, a two-year postgraduate course in scientific subjects such as physics, chemistry, biology, or engineering. There are no core subjects like in an MBA course. Every course has a specific set of subjects depending on the specialization.
Eligibility criteria: Bachelor's degree in a related discipline
Subjects covered: The subjects depend on the specialization chosen.
Careers: There are different career options depending on the specialization chosen -
- Research Assistant
- Lecturer
- Curriculum Developer
- Physicist
- Nutritionist
Specializations offered: The various MSc specializations are as follows -
- Computer Science
- Microbiology
- Physics
- Chemistry
- Agriculture
- Mathematics
- Information Technology
- Environmental Science
- Data Science
- Zoology
Things To Consider While Deciding Between MBA Vs MSc
If you are wondering which is best - MSc or MBA, you need to consider the following factors:
- Professional goals: Think about your professional goals when deciding between an MBA vs MSc. Consider the area you want to specialize in. Do you want to develop leadership and managerial skills? The answers to these questions will help clear your confusion.
- Educational background: Check for the eligibility criteria of each course and whether you fit in to find the most suitable course for you. Some institutions require certain years of professional experience to be eligible for entry into MBA courses.
- Course duration: Consider the duration of the program along with any internships as well, to decide which course is suitable for you.
- Financial aspects: MBA courses are generally more expensive compared to MSc programs. Keep your financial budget in mind when deciding between an MBA vs MSc. If you opt for an Online MBA from a renowned university, you will have the comfort of getting your certification as well as continuing your job, which would make it easier to pay for the course.
- Careers: Different courses lead to different career paths. So, think about what you envision for yourself in your future. This can guide you in the right direction.
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Conclusion
Choosing between a Master's in Management and an MBA depends on your career aspirations and skills. If you aspire to lead organizations and manage teams, you should choose an MBA degree. If you aspire to focus on technical expertise in any field, you should choose an MSc. Both degrees provide valuable opportunities, so think of your skills and interests.
Amity University Online is your perfect education partner by providing you the opportunity to get certifications and build a successful career path for yourself. The first online university in India, it obtains UGC approval for its online MBA courses and other programs, all of which are AICTE-approved.
