Master’s degree and MBA: differences and recommendations

A Master’s degree is a higher education for which a university degree is required. Being different from a postgraduate degree, lasting one or two academic years, and is considered to be the end of the second training cycle of a professional. They provide advanced specialisation for the student without the need for professional experience. In the case of an MBA, it is a Master of Business Administration, which is a postgraduate type of training aimed exclusively at graduates and professionals who want to specialise in business management and administration. Today we tell you which are the main differences bewteen a Master’s degree and MBA.

Target

The main difference between a Master’s degree and MBA is that the latter requires significant prior work experience, both for the two-year full-time MBAs and for the Executive MBAs, which are compatible with work. While, to do a Master’s degree, no work experience is required, only a degree endorsed by a university.

The best two-year MBAs require candidates to have an average of five years of work experience, while Master’s degrees are a continuation of undergraduate studies. The advantage is that if students have work experience, they can often apply for a scholarship.

Teaching method

The way classes are taught in a Master’s degree is not very different from traditional undergraduate studies, as the teaching methodologies are usually the usual teaching methods, with more case studies being introduced during the undergraduate degree.

On the other hand, MBAs are much more experiential, because without dispensing with lectures, they double up on case studies and project work. This is an ideal teaching method, as it immerses students in what they are learning and allows them to fully experience their training.

Academic objectives

The objectives of a Master’s degree are based on acquiring advanced training in a certain discipline, allowing young people to specialise professionally and academically. For this reason, they can complement their studies by expanding their network of professional contacts, gaining access to doctoral studies, increasing their chances of obtaining a good job and receiving long-term economic benefits.

In the case of the MBA, the academic objectives are to train managers capable of competing and performing effectively in the market. Providing high-level business training so that they can position a company and become a benchmark manager. They also help them to acquire skills to carry out the planning and creation of alternative strategies. As they are qualified professionals for the international expansion of any company by establishing a network of contacts.

Career opportunities

All MBAs have relative job flexibility, as they can opt for management and management positions. Although they are also qualified for the area of advice or consultancy, and everything to do with market research, whether it is business management, marketing and communication, department management, investment banking and corporate finance.

With regard to the areas with the greatest professional opportunities in which you can study a master’s degree are cybersecurity, big data, digital marketing, finance and digital banking and renewable energies.

Cost and financing

The situation is different for each country. But in general terms we can say that a Master’s degree in Europe costs between 5,000 and 10,000 euros per year. However, the cost of enrolment in the best full-time MBAs is much higher than that of a master’s degree. Which means a considerable investment effort, although in the context of the future this means a significant increase in monthly income. Improving the quality of life and generating prestige.