Many schools and universities now offer highly qualified courses that allow students to expand their CVs and significantly expand their career horizons. These include, for the most part, MBAs and specialized masters. When the question of post-graduation arises, MBA (Master of Business Administration) often seems to be the top choice. However, for a very long time, students have been in a dilemma to choose between an MBA and a Masters Degree program for their further studies. While they both might sound to be the same and many might consider it as an additional degree for career development, they have different objectives.
There is a vast difference between Masters and MBA (Master of Business Administration). Before you choose which course to opt for, it is important that you understand these parameters and opt for the degree that matches your requirements.
Master of Business Administration (MBA) and Masters Degree – Key Differences
Any graduate can enroll for an MBA degree program. Whether you are an engineer, a commerce student or from any other trade, you can sign up for the Masters in Business Administration (MBA) program. There are common entrance tests for the course that must be cleared to enroll in State or National Colleges. Few autonomous universities have their private entrance tests for students who wish to enroll with them.
For a Masters degree, you need to hold a graduate degree in the same subject or trade. For instance, an engineer cannot opt for a Masters in Finance and a Commerce graduate cannot opt for a Masters in Technology degree.
This divergence is explained by the various objectives pursued by these two formations; if, on the one hand, the specialized master’s degree aims, as its name indicates, to bring a real specialization to the student (which can be economic or simply technical), the MBA proposes to accelerate the careers by having acquired managerial skills essential for the management and supervision of numerous teams. These master degree courses, however, both prepare for positions of high responsibility and direction.
The masters and the specialized masters allow acquiring extremely sharp knowledge in very varied fields but do not have the same objective as the MBA, to train the managers of tomorrow.
The master’s degree and the specialized master’s degree are aimed at students, unlike the MBA, which is aimed at young executives. Though even students opt for an MBA with premier colleges and top B schools for better career prospects.
The Master degree is an additional qualification for ambitious young talents who feel that their Bachelor’s degree is insufficient to start their young career. MBA students have normally already started their careers and want to acquire new knowledge, analytical tools and seize opportunities at work or evolve in their functions, or to be ready for a promotion. In the end: The Master degree serves for young graduates to start a career while the MBA (Master of Business Administration) acts as a trampoline for young professionals and professionals to a career that has already started.