MBA vs Masters in business schools: What’s the difference?2 min readReading Time: 2 minutesReading Time: 2 minutes
According to the article of IESE Business School, the main difference between an MBA and a master’s degree in business school is the focus of the program. MBA programs generally have a broad focus on business management and leadership, while master’s programs tend to have a more specialized focus on a specific subject or industry.
MBA programs typically cover a range of topics, including finance, marketing, operations, strategy, and leadership. They often include a mix of coursework, practical case studies, and experiential learning opportunities, such as internships or consulting projects. MBA programs are often designed for professionals with some work experience, and they often have a focus on developing the skills and knowledge needed to advance into leadership positions.
Master’s programs, on the other hand, tend to have a more specialized focus on a specific subject or industry. For example, a master’s in finance will typically focus more on advanced financial concepts and techniques, while a master’s in marketing will focus more on marketing strategy and consumer behavior. Master’s programs may have a more academic focus and may require students to complete a research project or thesis as part of the program.
Moreover, these types of programs vary in the length. MBA programs are usually full-time programs that take two years to complete. They often include a mix of coursework, experiential learning, and a capstone project or internship. MS programs can vary in length, but they are usually shorter than MBA programs and may be part-time or full-time. Let us consider Kellogg School of Business as an example of one of the best business schools, having both MBA and master-degree programs. Indeed, programs vary in length: you may complete a full-time MBA program at Kellog School of Management in 1-2 years and an MS in Management in 10 months.
Finally, programs may vary in terms of admission requirements. MBA programs typically require applicants to have a bachelor’s degree and some work experience. MS programs may have similar requirements, but they may also consider applicants with a strong academic background in a related field.
Both types of programs can be valuable for professionals seeking to advance their careers, but the choice will depend on an individual’s goals and career aspirations.