MBA or MSc: Spot the 4 Big Difference

Do you intend to apply for a postgraduate degree in another country? And are you contemplating whether to pursue MBA or MSc?. You can expand your knowledge beyond your undergraduate degree by continuing your education with an MBA or MSc. Having an MBA or MSc can help you advance your career and find work all over the world.

Both degrees offer a valuable addition to your career and can help you gain valuable skills. However, each has its distinct areas of focus. But what’s the difference between an MBA and an MSc, and how do you know which is right for you?. Here, in this blog post, we would highlight the major distinctions between MBA and MSc and which would benefit your career in the long run.

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What is an MBA?

An MBA (Master of Business Administration) is a postgraduate business degree that draws students from a wide range of business backgrounds. It is a globally recognized accreditation that is in high demand, particularly among those who have already worked in the business sector for a number of years.

An MBA is typically pursued later in a person’s career and entails extensive business study. In addition, students will gain hands-on experience in leadership and management.

Among the subjects studied in an MBA program are:

Accounting
Economics
Finance
Marketing
International business
Business law

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What is an MSc?

A master of Science is a postgraduate degree that confers qualifications in the following areas:

Medicine Science Technology Engineering
Mathematics and social sciences
Students have the opportunity to study a specific area of interest in greater depth than they would in an undergraduate degree.

An MSc is typically pursued within a year or two of completing an undergraduate degree. As a result, the majority of students have limited experience in their chosen field.

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The Big Differences Between an MBA and an MSc

• Classroom sizes
• Commitment
• Cost
• Employment prospects

1.    Classroom Sizes

The size of the classes and lectures is an important factor to consider when choosing a degree. Smaller class sizes allow students to get to know their classmates and professors better, which is beneficial for building relationships. MBA intakes are typically small, giving students the opportunity to connect with their peer network.

Furthermore, class sizes and lecture halls are much smaller, with some universities opting for class sizes as low as 15 students. This enables students to actively participate in lessons and ask questions. However, because MSc classes are in higher demand, their enrollment is typically much higher than that of an MBA. While MSc students will be part of a much larger alumni network, their educational experience may not be as personalized.

2.    Commitment

The length of the course is one of the most significant distinctions between an MBA and an MSc. Each master’s program necessitates a different level of dedication, but an MBA typically necessitates more.

A full-time MBA program can take up to two years to complete. While there aren’t many class hours in an MBA program, there is a significant amount of work expected each week. You can expect to devote at least 40 hours per week to your MBA, including preparation, assignments, classes, and study.

Even though the time commitment for an MSc is less, there is a high expectation placed on MSc students to engage in self-directed learning outside of class hours. A full-time MSc typically takes 12 to 18 months to complete. Hours vary by course, but spending at least 20 hours per week outside of class is not uncommon.

3.    Cost

Continuing your education does come at a high cost, especially if you enroll in an accredited MBA program. A two-year MBA typically costs more than USD$60,000. However, if you want to attend one of the top business schools, you can expect to pay well over $100,000. An MSc will cost you between $15,000 and $20,000.

It is important that you do not let the cost of pursuing your career goals discourage you. Scholarships are available at many universities, and some countries provide financial assistance to postgraduate students.

4.    Employment Prospects

Those with an MBA can usually expect to start at a higher salary than those with an MSc. However, opportunities for advancement in your career are not limited to the degree or accreditation you have obtained.

It is important to remember that those with an MBA have prior experience in their field before enrolling in a postgraduate course.

While an MBA is often regarded as a more professional degree than an MSc, apart from the electives taken, an MBA is typically quite broad.

There is no definitive answer as to which postgraduate path is superior. Some people will benefit more from an MBA, while others will benefit more from an MSc.

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