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MBA vs Masters: Which Course to Choose?

 

THIS BLOG INCLUDES:

1.What is a Master’s Degree?
2.What is an MBA Degree?
3.Popular Specialization for MS vs MBA
4.Course Comparison in MS vs MBA
5.Top Universities for MS vs MBA
6.Eligibility Criteria for MS
7.Eligibility Criteria for MBA
8.Cost of Study for MS vs MBA
9.Scholarship for MS vs MBA
10.Career Opportunities after MS vs MBA
11.Which Course to Choose from MS vs MBA

After completing an undergraduate degree the first question students get in mind is MS or MBA which is better. MS vs MBA is two of the most sought-after degrees among students. This is a topic of conversation as you prepare to enter the workforce and make career plans. The audience for whom and what the program is designed differs between a master’s and an MBA. Despite focusing on separate fields, both the MS and MBA are master’s degrees. While the MBA solely focuses on business and leadership abilities, the MS has a wider range of specializations and opportunities for lifelong learning through research.

We need to examine both of these graduate degrees carefully and compare them head to head in order to address the controversy between the MBA and Masters.

 

What is a Master’s Degree?

A master’s degree is a two-year post-graduate degree that focuses on the mastery of a specific field or subject. A Master’s degree enables students to develop skills relating to a particular subject and mainly focus on the Science field, but an MBA course attempts to prepare applicants as professionals with overall competence across the numerous fields of business administration. There are various MS degrees available in business-related specialties:

  • Finance
  • Accounting
  • Business Analytics
  • Psychology
  • Sociology
  • Management
  • Economics

 

What is an MBA Degree?

MBA or Master of Business Administration is a 1-2 year post-graduate degree with a broad, multifaceted focus. It has various aspects because it involves a wide range of business domains. The program’s main objective is to help students apply what they learn in the classroom to real-world circumstances through case studies, projects, and internships. You can submit an application for one-year MBA programs provided at prestigious institutions like London Business School, INSEAD, etc. Typically, 3-5 years of professional job experience are needed for the curriculum. It puts more of a focus on developing managerial abilities like initiative, teamwork, problem-solving, judgment, and communication. B-schools today provide a wide range of specializations, including

  • Data Analytics
  • Healthcare
  • Supply Chain Management
  • Consulting
  • Information System

 

Popular Specialization for MS vs MBA

See how the top specialties for master’s and MBA degrees differ in the table below:

MS MBA
Computer Science Finance
Civil Engineering Marketing
Electrical Engineering HR
Mechanical Engineering Entrepreneurship
Chemistry Data Analytics
Physics Digital Marketing
Biology Consulting
Psychology Information System
Statistics Supply Chain Management
Biotechnology Healthcare
Nursing
Environmental Sciences

 

Course Comparison in MS vs MBA

Here is a table that compares master’s and MBA degrees to help you decide whether an MBA or MS is best for you:

Basis MS MBA
Types of Degree Postgraduate degree Postgraduate degree
Focus Area Main focus is on technical skills and hands-on training. The main focus is on theory, practical, and exposure to business and management skills.
Program Duration 2 years 1-2 years
Tuition fees  24,235 – 54,530 USD per year 24,235 – 90,883 USD per year
Average Salary 48,471 – 72,706 USD per year 36,353 – 90,883 USD per year
Work Experience  No prior work experience required. 3-5 years of work experience required
Scope Engineering, IT, Medicine, Health Science, Teaching, Research, etc. Entrepreneurship, Finance, Business, Investment, Banking, Consulting
Eligibility Criteria completed bachelor’s degree with a minimum grade point average of 60 to 75, GRE scores, results of the English language competency test, and any other materials, such as an SOP, LOR, or resume. GMAT/GRE scores, evidence of English language competency, a bachelor’s degree with a minimum 75% completion rate, an SOP, LORs, a resume, an interview, etc.

 

Top Universities for MS vs MBA

For those considering an MBA vs. master’s, there are several prestigious universities abroad. After engineering, some of the top-ranked MBA or MS programs are located in the United States, the United Kingdom, Australia, Canada, Germany, etc. You will have access to a wide range of chances if you get admitted to one of the most prestigious colleges overseas.

 

Top Universities for MS with their QS Rankings and Average Tuition Fees

University QS Ranking Average tuition fees
Massachusetts Institute of Technology (MIT), USA 1 55,000 – 80,000 USD
Stanford University, USA 3 56,000 – 66,000 USD
Harvard University, USA 5 50,000 – 85,000 USD
University of Oxford, UK 2 35,000 – 50,000 USD
University of Cambridge, UK  3 30,000 – 55,000 USD
University of Toronto, Canada 26 16,000 – 42,000 USD
University of Ottawa, Canada 230 14,000 – 25,000 USD
Technical University of Munich, Germany 50 10,500 – 16,000 USD
John Hopkins University, USA 25 40,000 – 60,000 USD
University of California, USA 32 25,000 – 30,000 USD

 

Top Universities for MBA with their QS Rankings and Average Tuition Fees

In terms of MBA program overseas, these top 10 business schools provide outstanding career opportunities and generous compensation:

University QS Ranking Average tuition fees
Stanford Graduate School of Business, USA 1 76,950 USD
Harvard Business School, USA 2 73,440 USD
Wharton Business School, USA 2 84,874 USD
HEC Paris, France 4 84,465 USD
Solan School of Management, USA 5 80,400 USD
London Business School, UK 6 120,250 USD
IE Business School, Spain 7 76,225 USD
INSEAD, France 7 97,740 USD
Columbia Business School, USA 9 77,376 USD
IESE Business School  10 98,740 USD

 

Eligibility Criteria for MS

  • Completed bachelor’s degree with a minimum grade point average of 60 to 75, GRE scores, results of the English language competency test, and any other materials, such as an SOP, LOR, or resume.
  • Work experience is not mandatory.

 

Eligibility Criteria for MBA

  • GMAT/GRE scores, evidence of English language competency, a bachelor’s degree with a minimum 75% completion rate, an SOP, LORs, a resume, an interview, etc.
  • Work experience of 2-3 years is mandatory.

 

Cost of Study for MS vs MBA

The cost of earning an MS vs. an MBA includes both the tuition and living costs in the country where you choose to pursue your education.

  • MBA tuition fees in a top university range between 40,000 USD to 1,00,000 USD, on the other hand, MS fees in top universities range between 10,000 USD and go up to 50,000 USD.
  • The cost of living entirely depends on the lifestyle you select and the country in which you are attending school. Living costs (including food, lodging, books and supplies, transportation, bills, etc.) often range from $5,000 to $10,000 per month.

 

Scholarship for MS vs MBA

When deciding between an MBA and an MS abroad, students search for a variety of scholarship alternatives that help ease their financial load. There will be many merits and need-based scholarships available to you as an overseas student, so make sure to apply as soon as possible to gain the greatest rewards. Check out a few of the most prominent scholarships available to international students looking to pursue an MBA or MS abroad:

  • GREAT Scholarship
  • Chevening Scholarship
  • Felix Scholarship
  • Inlaks Scholarship
  • Tata Scholarship
  • British Council Scholarship for Women in STEM
  • Charles Wallace India Trust Scholarships
  • Lester B. Pearson International Scholarship
  • Global Study Awards
  • Stanford Reliance Dhirubhai Fellowship

 

Career Opportunities after MS vs MBA

You can find work and a good salary with both MS vs MBA degrees. The salary package for an MS vs MBA graduate depends on several factors such as job title, location, years of experience, Specialization, etc.

  • An MS graduate can make around $48,471 to $72,706 per year.
  • An MBA graduate can make around $36,353 to $90,883 per year.

Here are some of the job titles that you can apply for and the salary after graduation MS in the USA and abroad:

Job title Average salaries
Engineer  $91,700
Scientist $155,000
Biochemist $189,000
Statistaction $147,000
Researcher $151,000
Mathematician $152,000
Chemist $192,000
Assistant Professor $128,000
Pharmacist $128,000
Life Scientist $157,000

Here are some of the job titles and average salary for MBA graduates:

Job Title Average Salary
Financial Manager $181,000
General Manager $161,000
Project Manager $108,000
Marketing Manager $169,000
Human resource Manager $148,000
Business Development Manager $145,000
Executive Manager $181,000
Chief Corporate Manager $170,000
Chief Financial Officer $194,000
Chief Executive Officer $218,000

 

Which Course to Choose from MS vs MBA

Students with science backgrounds who can pursue both an MBA and an MS following engineering frequently wonder which course to enroll in. You are the best person to decide between an MBA and an MS. With our recommendations, you may weigh the two options and choose which is best for you. The following is a summary of the factors you need to take into account to comprehend the distinction between a master’s and an MBA:

  • An MS degree is the right choice for you if you wish to become a specialist in a particular sector.
  • An MBA degree is unquestionably what you need if you want to learn management techniques, expand your professional network, increase your compensation, or eventually operate your own company.
  • Both an MBA and an MS have a very strong return on investment, and you will make back your money in the first two to four years. Graduates with an MBA typically start at greater pay than those with an MS.
  • Your path to executive jobs and large salaries will be prepared by completing an MBA, but an MS will do just as well thanks to lifelong learning opportunities and a considerable wage bump from work experience.
  • Given the present need for talented workers who can wear multiple hats in the labor market, combining an engineering degree with an MBA is an option worth exploring.

 

Manya – The Princeton Review Advantage

Manya – The Princeton Review offers end-to-end study abroad services encompassing admissions consulting services, test preparation, English language training, career assessment, and international internship opportunities to study abroad aspirants. Founded in 2002, Manya holds an impeccable track record of enabling more than 4 lac students to accomplish their study abroad dreams through its network of 47+ centers across India.

Manya has formed long-lasting global alliances with several market leaders in the education industry in order to maximize the benefits of its large service portfolio. Their list of esteemed partners and affiliations includes – The Princeton Review (TPR), Cambridge University Press (CUP), Cogito Hub, British Council, Tuding to name a few. Manya has also forged 600+ partnerships with international universities across top study abroad destinations.

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FAQs

MBA vs MS which is better?

If you are a student who is interested in business, entrepreneurship, and management roles and want to make a career in these areas. Then an MBA degree will be a good option for you. If you want to be a specialist in a particular area such as engineering, health, medicine, etc. Then an MS degree will be a good option for you.

Which is harder: MS vs MBA?

There is no way to compare the difficulty of an MBA and a master’s degree because both are appropriate for students based on their aptitude. In comparison to a master’s degree, an MBA will be much easier for you to understand if you have some professional work experience.

What are the Options After Pursuing MS vs MBA?

Since an MBA is a professional degree and you will have the ability to discover a variety of chances in many sectors, the majority of students accept a job right away after graduating. Students seeking an MS have the option of choosing between finding employment and research.

What Pays More MS vs MBA Salary?

As a fresher, you will often make more money with an MBA than an MS.

Is It Better to Do an MBA or MS After Engineering?

You will benefit from having two areas of specialization and more prospects for job progression if you combine an engineering degree with a management degree. With your technical and management abilities, you’ll be a tremendous asset to the business. Applying for an MS degree is recommended if you want to specialize in a certain subject, such as civil engineering, mechanical engineering, electrical engineering, etc.

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