Learning in a upper level is the desire of almost every people. But which level do you want to choose, MBA or Master? And one more not less important thing is what field do you want to join, Economics or Finance? All the confusing will be solved with the followed explanation.

 

The big question – should you enroll in a Masters, or a Masters of Business Administration (MBA)? What exactly is the difference?

 

The main difference between the two is the style of teaching;

 

MBA – The core features are teamwork, networking, an interactive classroom and lecture style, a focus on debate and communicative skills. Everyone is encouraged to participate in a hands – on way.

 

Masters (other) – More lecture- based, similar to that of an undergraduate course. There will be less debate and discussion and a more guided approach as opposed to the practical hands-on approach of the MBA.

 

The MBA’s edge is that the student will gain a very strong understanding of a variety of core skills in all areas of management, as well as stronger leadership and communication skills. An MA course will be more content-driven, with less emphasis on the areas of leadership and management.

 

Which one is right for you?

 

The MBA seems to be best described as a post-experience qualification – that is, it is best for someone who has at least 3 years professional experience in the work place*. The Masters would be more appropriate for someone with less than 3 years experience and someone who is more interested in gaining content knowledge rather than advancing their practical skills (for example an improved knowledge of financial systems rather than management skills).

 

* To contradict this general rule, there does now exist an ‘Early Career MBA’ which is aimed at those with less than 3 years professional experience, and even those fresh out undergraduate school. The program is a little different to the regular MBA.

 

Always keep the long term goal in mind when considering what kind of program to apply for. What are you hoping to get out of the program? What are your priorities, which skills do you wish to cultivate? Ask yourself these questions and you may have the answer you need.

 

Best of luck!