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MBA or Masters degree is the uncertainty faced by every graduate who wishes to pursue a masters degree. To answer this question, there are several things you need to know. In today's competitive market, higher education is one of the most important determinants of a successful career. Having an MBA or master's degree not only increases your professional value but also qualifies you for senior-level job roles. Check out this MBA vs Master’s degree article to know which one is better for you, how to choose, difference, fees, etc. This article will help the graduates to clear their doubts about an MBA vs Master’s degree which is better.
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Ready to pursue an advanced business degree but not sure which option is right for you? Here, we will help students understand the differences between MBA vs specialised master's degrees.
MBA vs Business Analytics
MBA vs Masters in Finance
MBA vs Masters in Marketing
MBA vs Masters in Entrepreneurship
Before diving into the topic, let's have a look at what MBA and Master's degrees are and know MBA vs Masters degree which is better.
Know more about career opportunities after MBA
A Master of Business Administration (MBA) is a general, multidisciplinary, postgraduate level degree. It is versatile as it covers various areas of business, including finance, marketing, accounting, human resources, management, information technology, sales, and more.
As a result, MBA focuses on providing students with the technical, managerial, and leadership skills needed to successfully run an organisation. Generally, there are three different types of MBA programmes: full-time, part-time, and executive MBA programmes.
A master's degree is a master's degree that focuses on imparting mastery over a specific field/ subject. This is the primary difference between a Master’s and MBA programme. While an MBA curriculum aims to train candidates as professionals with overall proficiency in various domains of business administration, a master's degree allows students to acquire skills related to a specific subject.
Check out the 20 Best Courses After MBA in India
MBA programmes focus on a broad range of business concepts, giving students an advanced but comprehensive look at business processes. On the other hand, specialized business master's programmes usually provide an in-depth look at a specific area of study. The table below explains the MBA vs Masters degree cost and MBA vs Masters degree salary.
MBA Programme | Master’s Degree |
Prepares students for business leadership roles | Can be specific or general, but usually covers only one subject area in business |
Usually continued after three years or more of employment | Usually followed after less than three years of employment |
Can be pursued full-time, part-time, or online | Can be pursued full-time, part-time, or online |
Duration: 2 years | Duration:1 to 3 years |
Total fee for MBA: 20K to 40L | Total fee for Masters: 5L to 46L |
Average salary for MBA: 7-12 LPA | Average salary for Master’s: 3-15 LPA |
The total fees for MBA and Master's degrees may vary based on the universities/institutions and the average salary may also vary depending on the organization.
Check out the salary ater MBA
While both MBA and master's degrees are great choices for career development, each takes a unique approach to career advancement. Master's degree programmes are designed for people who wish to obtain an advanced degree before entering the job market. Hence, candidates don't need any work experience to enroll in a postgraduate course.
Since a master's degree covers a wide range of individual specializations, it allows aspirants to expand on the knowledge and skills acquired at the UG level and become trained professionals in a specific field. The course syllabus aims to facilitate the development of technical and analytical skills.
While an MBA is a postgraduate degree, as the name suggests, it focuses only on business administration and, therefore, takes a more holistic approach to it. An MBA degree is ideal for candidates who want to advance their careers towards managerial or leadership-focused roles in industry.
Unlike master's degrees, MBA degrees value professional experience more. So, if you have one to two years of work experience, your MBA experience will be much richer. Since an MBA curriculum covers many business disciplines, it provides a broad and comprehensive view of business administration and management.
This is why the MBA programme is best suited for those aiming to enter entrepreneurship, executive leadership, and general management.
Before opting for MBA and Masters courses, students should keep a few things in mind.
Background
Method of teaching: Lectures or experiential learning?
Diversity of profiles and backgrounds: Where do you fit?
Career outcomes: Where do I see myself in the medium term?
Costs and financing
The student cannot join the postgraduate MA program directly in the second year of the MA after completing the MBA.
Universities generally expect students to begin the first year of a masters' program even though they had qualifications at the level of a bachelor's degree. The university's curriculum along with the courses are planned to give an in-depth knowledge of the subjects.
But you could opt for:
Postgraduate Studies:
Research Career: In case research interests you, then you can pursue a Ph.D. in your specific interest.
Specialized Master's Programs: Find any specific master's course that supports the career goal.
Professional Certifications:
Make a professional certification in CFA, CA, or FRM to enhance the professional skills and better opportunities in the career field.
Job Entry via MBA
After gaining an MBA from a renowned institution, it's possible to get entry into the corporate world where the diversity in the career field is assured.
In the end, it would depend on what you would like and what you are particularly interested in. It will be better if you take a suggestion from your academic advisor or career counselor.
Hello Pratik,
If your family income exceeds 8 LPA, it will affect your eligibility for the NC-OBC category under the CAT reservation rules. The NC-OBC category requires that the family income should be below 8 LPA to qualify. If you anticipate that your income will exceed this threshold, you should update your status and notify the CAT authorities .
Here's what you can do:
Email the CAT authorities
: Inform them about the potential change in your income status and request to be considered under the
General
category, if applicable. You should do this before the examination or any further processing, as your eligibility for the OBC category depends on the income criteria.
Documents and Proof
: Make sure you have a valid
OBC certificate
and any relevant documentation regarding your family income, in case they require verification. Also, be aware that if your income exceeds 8 LPA, you might need to apply under the
General
category, as the OBC-NC reservation is no longer applicable.
General Category Consideration : If your application is accepted as General, you will be evaluated based on the General category criteria, including cutoffs and ranking.
To summarize, notifying the CAT authorities is the correct approach to avoid discrepancies later, and if your income is above the threshold, you will be treated as a General candidate for the admissions process.
For more details about CAT exam you can check out an article by Careers360 whose link is given below:
Link: https://bschool.careers360.com/exams/cat
I hope this answer helps you. If you have more queries then feel free to share your questions with us we will be happy to assist you.
Thank you and wishing you all the best for your bright future.
Hi Shreya ,
Having a tattoo on your wrist should not create a problem during the CAT exam as long as it does not contain any content that violates exam rules , such as communication-related symbols , unauthorised messages or any text resembling formulas or answers .
For a safe side , it is recommended :
1. Inform the Invigilators : Let them know about your tattoo during the identification check , so there are no misunderstandings .
2. Follow the Guidelines : Ensure you follow all instructions regarding permissible items and dress code on the exam day .
Hope this helps you .
ALL THE BEST .
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Hello,
Yes, you can also join IIMs two years after graduation, depending upon the justification in interviews and your performance in entrance exams. If you are not sure about CAT, try those other management exams less hard:
Common Management Admission Test: Easier than CAT; 4-5 months of continuous preparation will suffice.
MAT : Much easier and takes place thrice a year.
SNAP (Symbiosis National Aptitude Test): A bit easier than CAT, apt for Symbiosis Institutes.
Xavier Aptitude Test or XAT : Hence, easier than CAT but the unique decision-making section.
Use exams like CMAT and MAT as a challenge to be competitively prepared. This can be given about 4-5 months, along with a few rounds of mock tests and smart studying.
A career as Marketing Director is also known as a marketing expert who is responsible for the overall marketing aspect of the company. He or she oversees plans and develops the company's budget. The marketing Director collaborates with the business team to plan and develop the marketing and branding strategies for the company's products or services.
A Business Development Executive (BDE) is a professional responsible for identifying growth opportunities and fostering strategic partnerships to enhance a company's market position. Typically, a BDE conducts market research, analyses industry trends, and identifies potential clients or business prospects. He or she plays a crucial role in developing and implementing sales strategies to achieve revenue targets.
A BDE often collaborates with cross-functional teams, including marketing and product development, to align business objectives. Strong communication, negotiation, and relationship-building skills are essential for success in this role. BDE strives to expand the company's customer base, drive sales, and contribute to overall organisational growth in a dynamic and competitive business environment.
Content Marketing Specialists are also known as Content Specialists. They are responsible for crafting content, editing and developing it to meet the requirements of digital marketing campaigns. To ensure that the material created is consistent with the overall aims of a digital marketing campaign, content marketing specialists work closely with SEO and digital marketing professionals.
A sales manager is a revenue-generating source for a company. Any organisation or company which sells a commodity or service requires sales to generate revenue. A Sales manager is a professional responsible for supervising the sales team. An Individual as a sales manager works closely with salespeople, assigns sales territories, sets quotas, mentors the members of the sales, assigns sales training, and builds a sales plan.
The Sales Manager work also includes hiring and laying off sales personnel after evaluating his or her work performance. In bigger entities, sales quotas and plans are usually set at the executive level. He or she is responsible for overseeing the set target or quotas met by salespeople or upholding any policy. He or she guides his or her fellow salespeople and allows them to sell.
Individuals who opt for a career as a business analyst look at how a company operates. He or she conducts research and analyses data to improve his or her knowledge about the company. This is required so that an individual can suggest the company strategies for improving their operations and processes.
In a business analyst job role a lot of analysis is done, things are learned from past mistakes and the successful strategies are enhanced further. A business analyst goes through real-world data in order to provide the most feasible solutions to an organisation. Students can pursue Business Analytics to become Business Analysts.
A marketing manager is a person who oversees a company or product marketing. He or she can be in charge of multiple programmes or goods or can be in charge of one product. He or she is enthusiastic, organised, and very diligent in meeting financial constraints. He or she works with other team members to produce advertising campaigns and decides if a new product or service is marketable.
A Marketing manager plans and executes marketing initiatives to create demand for goods and services and increase consumer awareness of them. A marketing manager prevents unauthorised statements and informs the public that the business is doing everything to investigate and fix the line of products. Students can pursue an MBA in Marketing Management courses to become marketing managers.
An SEO Analyst is a web professional who is proficient in the implementation of SEO strategies to target more keywords to improve the reach of the content on search engines. He or she provides support to acquire the goals and success of the client’s campaigns.
Digital marketing is growing, diverse, and is covering a wide variety of career paths. Each job function aids in the development of effective digital marketing strategies and techniques. The aims and objectives of the individuals who opt for a career as a digital marketing executive are similar to those of a marketing professional: to build brand awareness, promote company services or products, and increase conversions. Individuals who opt for a career as Digital Marketing Executives, unlike traditional marketing companies, communicate effectively through suitable technology platforms.
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