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MBA vs Masters Degree: Which Is Better? How Do I Decide?
Edited By Sundararajan | Updated on Apr 08, 2024 12:53 PM IST | #CAT
An MBA or Masters? 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.
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MBA vs Masters Degree
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.
Know more about career opportunities after MBA
What is an MBA degree?
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.
What is a Master’s degree?
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 vs Masters Degree: What's the Difference?
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.
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
MBA vs Master’s Degree: Which One to Choose?
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.
5 Things to keep in mind while deciding an MBA or Master’s
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
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Questions related to CAT
Have a question related to CAT ?
The Common Admission Test, is a computer based standardized test conducted in India. It is one of the most prestigious and competitive entrance exams for admission into postgraduate management programs, Including MBA, in various Indian Institutes of Management and other top business schools across the country.
To know more about CAT 2024 like exam date, eligibility, syllabus and more, click on the below link.
https://bschool.careers360.com/articles/cat-2024
Rishitha 10 March,2024
Both GMAT and CAT exams are considered to be highly competitive. Therefore, it is difficult to measure which one is harder than the other as it depends on the individual strengths ,weaknesses, and personal preferences.
GMAT quant section is often considered to be easier, however, its verbal section is tougher for non-native English speakers. Whereas, CAT quant section is considered to be trickier in comparison to the verbal section. Therefore, students are advised to analyse both CAT and GMAT exam pattern carefully before opting for one.
Porishmita Paul 19 March,2024
Hello
Generally admissions are given based on your rank. So based on your overall percentile in JEE your rank could be between 56470 - 63480 approximately.
Unfortunately, Based on the marks you scored, it will be difficult to get admitted into NIT Trichy under OBC category. However there is also a second chance for you to attend for JEE, so I recommend you to take that chance and score better.
You can check the colleges you are eligible for using the below link.
https://engineering.careers360.com/jee-main-college-predictor?utm_source=qna&utm_medium=jee_cp
Rishitha 27 February,2024
Hello Aspirant
Congratulations on your score, There are many good B schools at 80-85%ile in CAT and XAT
1)Great Lakes, Chennai
2)IRMA
3) Goa Institute of Management
4) NIBM
5) TAPMI
Do your research about these colleges as to what is their average package, the roles offered.
Colleges like NIBM specialize in Finance, and IRMA has a lot of sales marketing Roles. So ultimately the choice is yours which specialization you want to pursue.
Abhinav Singh 24 February,2024
Hello aspirant,
Here below are the names of the colleges that you can target:
- Sydenham Institute of Management Studies, Research and Entrepreneurship Education, Mumbai
- Bharathidasan Institute of Management, Trichy
- University Business School, Panjab University, Chandigarh
- Delhi School of Management, Delhi Technical University, Delhi
- Institute of Rural Management, Anand
Thank you
Hope it helps you.
shivamtrivedi0005 24 February,2024
Popular CAT Questions
1600 satellites were sent up by a country for several purposes. The purposes are classified as broadcasting (B), communication (C), surveillance (S), and others (O). A satellite can serve multiple purposes; however a satellite serving either B, or C, or S does not serve O.
The following facts are known about the satellites:
1. The numbers of satellites serving B, C, and S (though may be not exclusively) are in the ratio 2: 1:1.
2. The number of satellites serving all three of B, C, and S is 100.
3. The number of satellites exclusively serving C is the same as the number of satellites exclusively serving S. This number is 30% of the number of satellites exclusively serving B.
4. The number of satellites serving O is the same as the number of satellites serving both C and S but not B.
Question:
What is the minimum possible number of satellites serving B exclusively?
Option: 1
Option: 2
Option: 3
Option: 4
'a' for which can be written as square of a linear factor is
Option: 1
Option: 2
Option: 3
Option: 4
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