Discover the key differences between a master's degree and an MBA, and how both programs can boost your career. Explore SNHU's online study options so you can make an informed decision about your academic future.
If you are thinking about studying a postgraduate degree, you may have come across two very popular options: the Master's degree and the MBA. Both are high-level degrees that allow you to expand your knowledge, develop your skills and improve your professional profile. However, they are not the same, nor do they have the same focus, the same requirements or the same benefits. How do you know which is the best option for you?
Understanding the differences between a master's degree and an MBA is essential to choosing the program that best suits your goals. In this article, you will discover everything you need to know about these two types of graduate degrees. In addition, you will learn about the master's degrees and MBAs that you can study online at Southern New Hampshire University , one of the most innovative and recognized universities in the United States. If you are interested in the subject, continue reading and learn everything about it.
Difference between Master's and MBA
The first thing to know is that they do not have just one difference, but several. Master's degrees are ideal for those who want to specialize in a specific industry or discipline, while MBAs are more suitable for professionals looking to advance into management positions or start their own business . However, although both programs have some similarities, they also have many differences. Some of the main differences between a master's degree and an MBA are the following:
Definition
A master's degree is an academic program that aims to delve into a specific field of study, related to an undergraduate degree or an area of professional interest. An MBA stands cp numbers for Master of Business Administration and is a program that aims to train professionals in business administration and management.
Read on to find out: What's next after college?
Approach
A master's degree allows students to acquire advanced theoretical and practical knowledge about a specific discipline or topic, and to develop research, analysis and problem-solving skills. An MBA provides comprehensive, practical and strategic knowledge about the different areas and functions of an organization, such as accounting, finance, marketing, human resources and operations, among others. It also develops leadership, communication, negotiation, innovation and entrepreneurship skills.
Requirements
To access a master's degree, you must have an undergraduate degree and meet other requirements, such as having a minimum GPA, submitting a letter of motivation, and having previous work or academic experience, among others. To access an MBA, you must also have an undergraduate degree, as well as have previous work experience, submit a letter of recommendation, have a good score on the GMAT or GRE exam, and be fluent in English.
Guys
Master's degrees can be academic - they train researchers, who must write a thesis and defend it before a jury - or professional - they prepare specialists, who carry out a final project to present to a committee. On the other hand, MBAs can be general - with a global and general vision of business management, allowing the choice of elective subjects - or specialized - with a focused and in-depth vision of a sector or a specific function of business management.
Result
Upon completion of a master's degree, the graduate is awarded an academic degree, which certifies the graduate as a specialist or researcher in a specific field of study. On the other hand, upon completion of an MBA, a professional title is awarded, which certifies the graduate as a high-level business administrator or manager.
Both an MBA and a Master's degree can be powerful catalysts for your professional and personal development. By choosing the right program, you will be able to acquire the skills and knowledge necessary to stand out in today's competitive job market. Don't miss the opportunity to advance your career with a quality postgraduate degree.