Every year, lakhs of students either pursue a professional career or opt for higher studies on completion of a bachelor’s degree. While an undergraduate degree helps in building a strong foundation in the field, a master’s program acts as a stepping stone in your professional career. But with the increase in the number of postgraduation courses across various disciplines, choosing the right degree can be challenging. This process further complicates when you have more than one specialization course for the same subject. One such dilemma is whether to choose an MBA or an MS degree. This confusion prevails especially in science graduates who are capable of pursuing both. In this blog, we will discuss and elucidate all the aspects of an MBA vs MS degree.
This Blog Includes:
What is MBA?
Before beginning the battle of degrees, i.e. MBA vs MS, let’s first get to know these two degrees better. MBA is a professional Management degree that equips candidates to work in big business houses at the upper management level. The course can be 1-2 years long in duration depending upon the nature of stream one picks. The curriculum for the same comprises internships, project works, presentations, debates, fieldwork, etc along with theoretical subjects.
While talking about MBA vs MS, it is essential to know that an MBA is a degree that can be done after completing graduation in any field, ranging from science to arts. You might find it strange but students apply for MBA after MBBS, MBA after MS to give their career a required push. Given below is the table of MBA streams that can be pursued by students interested in making a career in the Management domain:
Top Universities for MBA Degree
Pursuing a course from leading universities not only provides excellent employment opportunities but also imparts confidence and knowledge to the candidates. Here is a list of some leading universities that offer MBA programs in a plethora of specializations:
|MBA Colleges Abroad||Location||QS World University Rankings 2021: MBA|
|Stanford Graduate School of Business, Stanford University||USA||1|
|Wharton School of the University of Pennsylvania||USA||2|
|MIT Sloan School of Management||USA||3|
|Harvard Business School, Harvard University||USA||4|
|INSEAD||Singapore and France||6|
|London Business School||UK||7|
|Columbia Business School, Columbia University||USA||8|
|IE Business School||Spain||9|
|Haas School of Business, University of California, Berkeley||USA||10|
Careers After MBA
Given below are some of the leading professions that can be opted by candidates can think of taking up after completion of their degrees:
- Managing Consultants
- Data Analysts
- Healthcare Management Experts
- Human Resource Manager
- Entrepreneurship Experts
- Marketing Professionals
- Financial Analyst
- Information System Expert
What is an MS Degree?
Master of Science is a postgraduate degree readily offered by the educational institute to provide specialized knowledge to candidates in a specific area of study. Usually, MS degrees are 2 years long, however, some universities offer 1 year MS courses as well. One must possess a bachelors degree in a relevant field to further study a masters course in the very field.
While addressing the topic, MBA vs MS, one should know that MS is offered in a wide range of STEM courses. Given below is a list of MS specializations that can be opted by candidates to make a blooming career in the field of Science & Tech:
Universities for MS
While talking about MBA vs MS, one cannot miss out on the fact that there are some excellent universities across the globe that offer Master of Science programs. Here are some of them which not only provide academic facilities to candidates but also help them in innovating and experimenting along with it:
|Top Universities||Location||QS World University Rankings 2022|
|Harvard University||Massachusetts, USA||5|
|Massachusetts Institute of Technology (MIT)||Massachusetts, USA||1|
|Stanford University||California, USA||=3|
|University of Toronto||Toronto, Ontario, Canada||26|
|University of Ottawa||Ottawa, Ontario, Canada||230|
|University of Alberta||Edmonton, Alberta, Canada||126|
|Western University||London, Ontario, Canada||170|
|Technical University of Munich||Germany||=50|
|University of Oxford||UK||2|
|University of Cambridge||UK||=3|
Careers After MS
It is easy for candidates with an MS degree to get jobs in the market. The nature of work might depend upon the area of specialization one has. Given below are some of them:
- Researcher and Accountant
- Quantitative Developer
- Field Officer
- Assistant Professor
- Chemical Analyst
Here is a blog that will resolve all your queries on PGDM vs MBA – An Unbiased Comparison
MBA vs MS
With a diverse and advanced curriculum, a postgraduate degree not only helps in acquiring in-depth knowledge of the field but also increases your chances of getting hired by top companies. Here are some of the key points pertaining to an MBA vs MS degree course:
|Focus||To acquire business and management skills||To gain technical, theoretical, and research skills in the field of Science|
|Duration||1-2 years depending on the program||2 years|
|Scope||Business, Entrepreneurship, Accounting, Banking, Consulting, etc||Teaching, Engineering, Research, Science, etc|
|Eligibility Criteria||Bachelors degree, work experience, GMAT/CAT scores, GDPI, Resume, SOP, LOR, Language proficiency proof (if opting to study abroad)||Bachelors degree in a relevant field, GRE scores, Language proficiency proof (if opting to study abroad, LOR, SOP, Resume|
|Work Experience||Often required (1-5 years)||Not Required|
|Further studies||Lesser options in the same field||Diverse options within the discipline|
|Average Course Fee||INR 30 to 70 lakhs||INR 20 to 45 lakhs|
|Salary||Starting salary is INR 6-18 lakhs per annum in India. With years of work experience and skills acquired, it can go up to INR 55 lakhs per annum. If opting to work abroad, the salary will be more.||Starting salary is INR 4.7-16 lakhs per annum in India. With years of work experience, education qualification and skills, it can go up to INR 45 lakhs per annum. If opting to work abroad, the salary will be more.|
|Top Countries||The top countries to pursue MBA are the USA, Canada, UK, France, Spain||Top countries to pursue MS are the USA, UK, Canada, Germany, Australia, New Zealand|
- While an MBA degree imparts extensive knowledge in the field of Management and Business, a Masters in Science provides students with a platform to acquire knowledge in a particular field of science.
- Another important MBA vs MS difference is that with an MBA degree, you can shift from one role to another. But with an MS degree, you will be restricted to a specific area and will thus gain expertise only in that field.
- To study an MS degree from foreign institutes, you need to score a minimum percentile in English proficiency tests like the IELTS, TOEFL or GRE. But for pursuing a business administration course, besides English language tests, you also have to score well in the GMAT exam.
- When it comes to building a career in academics, an MS degree can be more fruitful. Even though the academic spectrum of an MBA degree is limited, it has a greater appeal when looking for jobs and internships.
Must read: Mtech vs MS: Which is a Better Choice?
How to Decide Between an MBA vs MS?
We know choosing the right career path can be difficult at times. So is deciding between MBA vs MS. But don’t you worry as we have got your back! Aspirants who are willing to pursue their masters should consider the following factors while deciding or choosing between an MBA vs MS degree:
Return on Investment (ROI)
MBA and MS degrees both provide a road to greater pay, improved professional opportunities, and the ability to relocate. If you are currently working, you should consider the opportunity cost of pursuing either. The opportunity cost covers lost wages while studying as well as the expense of returning to school. MBA programmes have been demonstrated to provide a considerable return on investment 2-5 years after graduation.
A master’s degree in business administration gives aspirants a solid foundation in business and management principles. Most MBA schools allow you to specialise in a certain sector or function, such as finance, operations, or human resources. An MBA is a way to go if you have the patience to obtain relevant job experience in your sector of interest and develop a profile worthy of admission to a top business school. However, if you want to learn more technical abilities in a field before joining the industry, an MS is the perfect degree for you.
MBA vs MS: Final Thoughts
A master’s or an MS degree enables you to get in-depth knowledge of a certain area, whereas an MBA programme enables you to gain broad managerial abilities. MS programmes teach specialised skills and knowledge in a certain subject. An MS programme is perfect if you want to build a new area of expertise while simultaneously adding a professional certification to your skillset in a short period of time. MBA programmes are suitable for those who want to work in management roles in a company. It is important to note when talking about MBA vs MS that, an MS degree focuses on advanced academic understanding in a specific subject, but an MBA programme is appropriate for individuals from any academic or professional background who seek greater career flexibility, managerial responsibilities, or business ownership.
Pursuing higher studies in your choice of field maximizes career opportunities. But choosing the right master’s degree is a painstaking task. Thus, if you are still confused about the MBA vs MS degree programs then the experts at Leverage Edu will assist you in selecting a course that aligns with your professional goals and help you embark on the journey to your dream career.