Choosing between an MSc or an MBA can be tricky, especially when you’re not fully aware of where they meet and separate. We’ve previously established the real difference between an MBA and a general Master’s degree; now, let’s dig into another level and discover the best of both worlds.
By pursuing your higher education with an MBA or an MSc, you are one step closer to boosting your knowledge and skills beyond measure.
From General… What’s an MBA?
Acronym for Master of Business Administration, it’s a postgraduate business degree that attracts students from a wide range of professional and academic backgrounds. Usually undertaken later on in a person’s career, not only does an MBA cover an extensive study of the business world, but students will gain practical experience in leadership and management as well as have an opportunity to develop their personal and professional skills.
As technology alters the world, so did the MBA. Going deeper into the digital world and social media, countless challenges surfaced in the business world, and with the rise of digital marketing, intrinsic and societally imposed principles were added to the mix, which resulted in a more modern approach to MBA degrees that are now an extension to topics such as:
- Sustainability
- Corporate Social Responsibility
- Business and ethics
- Digital Marketing
- Management, and business strategy
- International business
Career Opportunities
Professionals who are looking to advance to more leadership roles, particularly managerial and higher entrepreneurial positions, should consider an MBA programme. Leadership has a significant impact on a business as well as any organisation, so getting a hold of this degree is important to acquire and boost the right skills to support this upgrade.
An MBA at EMLV is a top contender. The AMBA and RNCP accredited programme trains, operational managers, with at least three years of professional experience who are looking to acquire and/or improve their knowledge in the field of digital marketing.
To Particular… A Closer Look into an MSc
MSc, an abbreviation of Master of Science, is a Masters level degree that nowadays covers a breadth of qualifications worldwide, including:
- Business
- Technology
- Engineering
- Finance
- Social sciences
- Mathematics
However, no matter the field of study, the twist in a Master of Science is that it teaches a specialised set of skills depending on the subject.
Career Opportunities
For MSc grads, they tend to specialise in their function and prefer to pursue roles that are more related to being CFOs, head of marketing, project managers, consultants, business analysts: titles that are more relevant in the operations of specific niche tasks. While an MBA teaches a more macro view of business and its respective functions, the MSc degree provides an in-depth micro look into the technicality of a chosen field.
For instance, EMLV business school in Paris offers three programmes that specifically cater to the students’ and markets’ needs:
MSc International Business:
Students will learn to master project management skills and analytic ability that will give them a competitive advantage in today’s ever-changing world.
MSc Digital Business Analytics:
Carefully designed to prepare students for international career opportunities in digital fields such as consulting, e-commerce, and business analytics.
MSc International Finance:
The programme ensures a global understanding of international financial principles and trains students to be proficient in the use of complex financial instruments.
Between MBA and MSc: Which One is Right for You?
To put it in simple words, try to answer the most cliché of questions: where do you see yourself, especially if you’re considering a career boost. Are you more into the operational or managerial aspect?
On one hand, from a job market’s perspective, many organisations require professionals with MSc in order to benefit from their in-depth knowledge and technical strengths to achieve specific goals in a certain time frame. On the other hand, businesses also need MBA holders to manage and plan these long-term goals, foresee and prevent potential obstacles and fix them, should they occur.
Both candidates will definitely help a business move forward!
Are you ready to propel your career and increase employment opportunities worldwide?