After completing their BA, the first thing that comes to the mind of students is MS or MBA, which is better. MS vs MBA are the two most desirable degrees among students. It’s a topic of conversation as you prepare to enter working life and make career plans. The audience for whom and for whom the program is intended is different at the Masters and MBA levels. Despite focusing on different fields, both the MS and MBA degrees are master’s degrees. While an MBA focuses exclusively on business and management skills, an MS has a wider range of specializations and opportunities for lifelong learning through research.
We need to carefully study both the degree programs and compare them to each other to resolve the MBA vs. Masters controversy.
What is a master’s degree?
The Master’s is a two-year master’s degree that focuses on mastering a specific field or subject. A master’s degree allows students to develop subject skills and focus mainly on the natural sciences, but an MBA course aims to prepare candidates to become professionals with broad knowledge in multiple business areas. Various MS degrees are available in business majors:
Finance
Accounting
Business Analysis
Psychology
Sociology
Management
Economics
What is an MBA?
The MBA or Master of Business Administration is a 1-2 year graduate program with a broad and versatile focus. It has several aspects as it covers many business sectors. The main goal of the program is to help students apply what they learn in the classroom to real-world situations through case studies, projects and internships. You can apply for one-year MBA programs offered by renowned institutions like London Business School, INSEAD, etc. The curriculum usually requires 3-5 years of professional work experience. It focuses more on developing leadership skills such as initiative, teamwork, problem solving, decision making and communication. B-schools today offer a wide range of majors including ..
Data Analytics
Healthcare
Supply Chain Management
Consulting
Information Systems
Best Universities MS vs MBA
for those considering MBA vs MBA Universities. abroad After planning, some of the best MBA or MS programs are located in USA, UK, Australia, Canada, Germany etc. If you get into one of the most famous colleges abroad, you have many options.
MS Eligibility Requirements
Completed bachelor’s degree with an average grade of 60-75, GRE scores, English test scores, and any other materials such as SOP, LOR or CV.Work experience is not mandatory.
MBA Eligibility Criteria
GMAT/GRE Score, English Proficiency Certificate, Bachelor Degree with minimum 75% completion, SOP, LORs, CV, Interview etc.Work experience of 2-3 years is mandatory.
Cost of Study MS vs MBA
The cost to earn an MS vs MBA degree includes both tuition and living expenses in the country where you choose to continue your education.
MBA tuition fees at top universities range from USD 40,000 to USD 1,00,000 while MS tuition fees at top universities range from USD 10,000 to USD 50,000.
The cost of living depends entirely on the lifestyle you choose and the country you attend school in. Food costs (including food, lodging, books and supplies, transportation, bills, etc.) often range from $5,000 to $10,000 per month.
Scholarship MS vs MBA
When a student is deciding between MBA and MS abroad, students look for various scholarships to help ease their financial burden. There are many merit-based and need-based scholarships available to you as an international student, so be sure to apply as soon as possible to reap the greatest rewards. Check out some of the best scholarships available for international students who wish to study MBA or MS abroad:
BIG Scholarship
Chevening Scholarship
Felix Scholarship
Inlaks Scholarship
Career Opportunities After MS vs MBA
You will find job same as MBA and good salary. MS vs MBA salary package depends on several factors like job title, location, years of experience, specialization etc.
An MS graduate can earn around $48,471 to $72,706 per year. 4,444 MBA graduates can earn between $36,353 and $90,883 per year.
Which course to choose MS vs MBA
Science students who can do both MBA and MS after engineering often wonder which course to enroll in. You are the best person to decide between MBA and MS. Based on our recommendation, you can consider two options and choose the one that suits you best. Here is a summary of the factors you need to consider to understand the difference between a master’s degree and an MBA:
An MS degree is the right choice for you if you want to become an expert in a specific field. TheMBA degree is definitely what you need if you want to learn management techniques, expand your professional network, increase your salary or eventually run your own business.The returns on both MBA and MS degrees are very strong and you will make your money back within the first two to four years. MBA graduates usually start with a higher salary than MS graduates.Your path to senior positions and high salaries is paved with an MBA, but an MS can do just as well thanks to lifelong learning opportunities and significant salary growth from work experience.Given the current need for talented workers who can wear multiple hats in the job market, combining an engineering degree with an MBA is an option worth exploring.
