After completing graduation, students of science stream mostly opt either for MSC or MBA. However, choosing between these two often becomes confusing for many. If you too have been asking the question, “MSc or MBA which is better?” This blog is for you.
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What is an MBA?
Master of Business Administration (MBA) is a master’s level educational program that focuses on the management and administration of businesses. The program is designed to create future leaders in industry equipped with the knowledge of management principles and their application. The students learn subjects such as Project Management, Marketing, Accounting, Finance, Human Resource Management, and Leadership in MBA programs.
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What is MSc?
MSc or Master of Science is an advanced and specialized course that deals with one of the core fields of science. Offered as a postgraduate degree, the MSc course is usually done after getting a BSc degree. The degree equips the students to establish themselves in jobs related to their field of study in science and technology. An MSc degree is a valuable addition for students looking at making their career in scientific research and technology.
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Differences between an MBA and MSc
While both MBA and MSc are postgraduate degrees, they differ widely in the career path. Here are some of the biggest differences between the two:
- MBA offers a more generic skill set in business management, while the ones offered by MSc are specialized.
- The subjects taught in MBA vary greatly and are mostly related to business. While in Msc, the subjects are closely associated with each other and are mostly about science.
- MBA focuses on holistic development with a strong focus on personality development and leadership skills. While these aspects are not given weightage in Msc.
- MBA can be done to switch career tracks, while, MSc is done to enhance and develop the current career path.
Opportunities available for MBA and MSc graduates
Whether you are opting for an MBA or an MSc degree, opportunities are available in both of their respective industries. Let us take a look at the various job roles you can get after completing your post-graduation.
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Organizations heavily rely on MBA graduates these days. These professionals are expected to plan business goals, take the business forward, and fix business problems. Here are some of the positions that you can be hired for in an organization post MBA.
- Financial Analyst
- Finance Manager
- Financial Controller
- Senior Accountant
- Accounting Manager
MBA IT/Technology Management
- Risk Analyst
- Technical Advisor
- Product Manager
- Data Analyst
MBA Human Resource
- HR Manager
- HR Generalist
- Talent Manager
- HR Specialist
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- Marketing Director
- Marketing Manager
- Vice President, Marketing
- Sr. Product Manager
Candidates with MSc degrees are hired by organizations for specialist positions. Their in-depth knowledge of specific subjects helps organizations achieve outstanding results. The various opportunities after completing MSc include:
- Assistant Professor
- Clinical Research Associate
- Drug Research Associate
- Food Safety Analyst
- Junior Research Fellow
- Market Research Associate
- Pharma Associate
- Project Associate
- QA/QC Executive
- Research Assistant
- Research Associate
- Senior Research fellow
- Junior Scientist
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Entry requirements for an MBA
To pursue an MBA program, you have to be at least 19 years old. You also need a relevant undergraduate degree or a professional qualification that is considered equivalent. If you have work experience, it will add value to your resume.
Entry requirements for MSc courses
For pursuing an MSc course, you need an undergraduate degree in a relevant specialized field.
To study MBA or MSc, you must check with the admission department of the respective university for clarity. The admission processes and requirements may vary from one university to the other.
Which is better MBA or MSc after BSc
Whether you decide to study MSc or MBA, you can have a promising career ahead of you if done from the right place. But it depends on the career trajectory you are planning to pursue. However, you can still pursue an MBA after getting the MSc degree or vice-versa, depending on your career requirements. There are several reputed institutes available from which the students can seek admission. The academic counselors at upGrad Abroad can help you with professional guidance while choosing your career path. Get in touch today.