Both MS and MBA programs are vastly different courses and provide their own benefits, so when deciding which program to pursue to further your career, both are prudent choices for further career growth. Many students, when deciding what to pursue professional development, have trouble deciding between the Master of Science (MS) and Master of Business Administration (MBA). Both MS and MBA courses have their benefits, but there are many differences between them.
You may also consider the following details, which might help you make a decision if you are debating either MS or MBA courses.
Master of Business Administration refers to a degree in business administration. Having an MBA would be the right choice if you plan on playing a professional role in your life and believe you can excel in the field of business or entrepreneurship.
As opposed to an MS degree, which focuses on a specific field. An MS in engineering would be the right degree path for you if you are interested in engineering as your passion, work in a field related to engineering, and conduct research in engineering.
A college degree must have a minimum of 50% aggregate to be considered for admission into an MBA program. The MBA admissions committee considers the scores you earned on the CAT, XAT, MCAT, NMAT, and GMAT.
Students must have a minimum of 50% in each of their three undergraduate years to qualify for admission to the MS program. Taking entrance exams like the Graduate Record Examination (GRE) will add to your benefits.
With an MBA, you will have the flexibility to move out of one's functional specialty into a bigger role. As business management encompasses a comprehensive education, you can change MBA branches over time.
Although MBAs are much more general in nature, MSs are more focused. The MS degree will limit you to a specific area within a business or science. For example, one must pursue Marketing-related career options only after completing an MS program.
As a master's student, you will be focused on a particular discipline. There are many MS specialization options available, including Computer Science Engineering, Statistics, Biomedical Engineering, Structural Engineering, and Marketing.
As an MBA graduate, your starting salary and salary growth will be higher than that of MS graduates. However, this may depend on what kind of job one has, whether it's a government or private entity, and what kind of demand there is in the department.
MS may become a niche. As a result, employers and companies will find it more difficult to accept you. It is generally accepted that MBAs hold varying degrees of value across industries.