What is the difference between a business related masters and an MBA.?

Question

What is the difference between a business related masters and an MBA. As far as career prospects go is there a big difference not only in job openings but also in salary. Does a masters in for example devlopement management count as much as an MBA specialised in the same subject?

Answer 1

An MBA program is intended for study by those with an undergraduate degree and some work experience in mangement, business or administration. I would not trust any MBA program that did not require you to have at least 2 years relevant work experience. A Master of Business on the other hand, is usually open to anyone with an undergraduate degree.

In general terms, an MBA would be better regarded than a Master of Business (with any major) as the program generally takes longer, is more competitive in terms of entry requirements and requires siginificant prior knowledge. Outcomes for MBA graduates would be more targeted toward senior management roles, whereas Master of Business students would be more likely to get a job in middle management.

However, there are lot of dodgy operators offering substandard MBA (and Master of Business) programs, so be very careful which one you pick.

I hope this helps.

Answer 2

My fiance is getting his BS (bachelor's, 4 years) in business admin and a minor in econ. Then he'll get his MBA (master's in business admin), which could take a year or two, depending on the degree. Also, it is generally better to have a few years of real work experience between getting your bachelor's and going back for your MBA, according to many top recruiters. Also, some grad programs require the work experience.

Answer 3

perhaps, business related masters are more detailed while MBA gives you a general point of view of mastering business administration. I take development management as a topic when you intend to dig deeper into learning more about management.

Answer 4

Its same