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

Hello,





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.