Sir, what should I do after graduation MBA or MSc . which is simple or difficult.whose scope is more.In which career is more.
HELLO SHUBHAM MISHRA
The
central difference is the experience of candidates. MBA is targeted at those
who have dipped their toes into the professional world, while a specialized
master’s degree – be it an MSc or a MIM (Masters in Management) – is for
pre-experience candidates who may have only recently completed an undergraduate
degree.
1. What are MBA and MSc?
MBA is for
professionals who have few years of managerial work experience because
practical aspects and situations are the core of an MBA. MBA is the gold
standard in professional business education. The MBA course curriculum exposes
the student to a wide range of management disciplines and provides a way of
rational thought over management and a career in that specific area. A student
can pursue an MBA in any specialized field such as Finance, Human Resource,
Marketing, International Business, etc. The first stage of the MBA curriculum
is same for all the student which includes mandatory modules and the successive
stages are elective where the student can choose any specialization followed by
an internship/project in the end.
Masters of Science
(MSc.), on the other hand, is a specialized training in a specific discipline.
For example, if a student wishes to pursue a career in the financial sector,
the MSc. curriculum provides more course work in that area. To pursue an MSc.
in a specific field generally the student needs to have a Bachelor’s degree in
that same specific field because MSc. is more advanced and is a specialized
course in that specific field. MSc. is ideal for a student who does not
have any work experience as it’s a combination of theory and practice and is
more academic in nature. Therefore, in all the stages of the MSc. curriculum,
the focus would be on a specific discipline thereby making you an expert in one
specific field.
2. Textbook vs. peer learning
MBA is more general
and focused on peer learning with a greater focus on developing your leadership
skills and teamwork. It is common to see group projects and classes being
extremely interactive and being held late into the night. While specializations
are on offer in the form of electives, there is a clear focus on providing a
rounded education which covers everything from human resources, to logistics,
to supply chain management, to corporate social responsibility, and especially
to soft skills which pertain specifically to the significant challenges of
managing human resources, and strategy – taking into account the bigger picture.
MSc, on the other
hand, would be solely focused on helping a student to gain the skill sets
required to succeed in a specific functional role. In order to develop these,
the focus would be slightly more academic and theoretical, with a textbook and
professor-led approach. Thus, it would be more textbook oriented.
3. After college or work-ex?
Your future plans
cannot necessarily be used as a differentiator in the decision between an MBA
or an MSc, as the fields these two sets of graduates enter are largely the
same. If you are focused towards being a specialist in one functional area, you
might consider an MSc but eventually, the typical rules of career progression
would see one emerge in a general management role. Adding to that, many firms
which operate in the target industries for MSc graduates offer on-the-job
training.
Those who have
gained management skills and seek to sharpen them, or have got a taste for
business and want to move into a non-technical role, MBA would seem a better
bet. Those who want to simply make a career switch from a technical path early
in their career might also prefer MSc., though this would mean they would enter
the business and management sector at lower level, and might miss out on the
advantages of peer learning later in their careers.
4. Can an MBA be pursued in
the future?
Let us assume a situation
wherein you pursued a degree in MSc after college. This implies that you
targeted a particular sphere of action and worked towards it. Now, you have
effectively become a specialist and a professional. But you feel that growth is
lesser. It is an established fact that only MBAs are seen to be eligible for
the top positions. In such a scenario, do you feel that your MSc degree has
practically gone to waste because you will have to enroll yourself to a
B-school and get that MBA degree? It must be vehemently advised that MBA
provides you an option to climb up the corporate ladder. Every aspirant must
keep in mind that an MSc degree can lead you to the top position in your
respective field due to improved performance and a specialized skill set but to
be the overall leader you will most probably need an MBA. An MBA can definitely
be pursued in the future and might entail higher results for those that have 2
degrees as it allows you to be a specialist and a generalist simultaneously.
Thus, you should make a wise choice by keeping in mind the dividends that can
be received in the future and be clear about your future goals.
HOPE IT HELPS
ALL THE BEST
If You will go for MSc. you will have to study further may be you will have to do B.ed to enter in teaching sector but if you will go for MBA you will have to prepare for exams like CAT/XAT/SNAP/MAT and based in your percentile you will be allotted college.After doing MBA from good colleges you will get packages above 10 lakhs in an average.
Both these are two different fields and you should go for the one that you like.
I hope this helps.