For many students, the world of business is an industry in which they would love to spend the rest of their lives working. For these students, deciding between a MBA and a MS in a given business field such as finance can be daunting. Considering the differences between the two degrees can help a student make a more informed decision.
What is an MS degree?
A MS is a Master in Science, a graduate degree, usually with a strong focus in a particular field of business such as finance or human resources. The courses within this degree generally focus heavily on specific quantitative aspects of the given careers resulting in more specialized skills with graduation.
Top 5 Universities offering Online Master of Science Programs:
- Master of Science in Business Continuity, Security, and Risk Management (Boston University)
- Master of Science in Project Management (Boston University)
- Master of Science in Organizational Leadership (Norwich University)
- Master of Science in Management (Walden University)
- Master of Science in Management – multiple concentrations (Colorado Tech)
What is an MBA degree?
A MBA is a Masters of Business Administration, a graduate degree. Graduates of this degree often pursue careers in general business with some possible focus in their chosen industry. The courses are generally broadly business based such as accounting, marketing, and human resources management.
Top 5 Universities offering Online MBA Programs:
- University of North Carolina (AACSB-accredited)
- Northeastern University (AACSB-accredited)
- Colorado Tech
- Liberty University
- Norwich University
What are the differences between the two degrees?
MS degrees are more specialized than the broader MBA; as a result, the courses are more focused on analysis than those of MBAs which also include business management and principles.
Other differences occur between the MS and MBA degrees.
MBA degrees tend to facilitate more administrative and leadership type qualities than does the more analytical MS degree.
The broader requirements of an MBA degree also usually encompass a 2-year academic period versus the more usual 1-year period required for an MS.
Differences in levels of specialization characterize the MS versus the MBA degrees.
While specialization is possible with an MBA, the degree in itself is of a more generalized nature.
On the other hand, the MS degree is usually more specialized from the onset and geared more for students who already know in which field they want to specialize.
Knowing the differences between the MS and the MBA help a student to determine which degree path is best for them for their future success and goals.