Choosing between Masters Degree and MBA – Which is right for you? | Gradway

The new war in the higher education world is ‘What to choose between MS vs MBA?’ And it should be a well-thought decision given a huge financial and time commitment it demands. Let’s weigh all the good and the bad.

A Quick Preview

What is an MS Degree? – It involves specializing in just one aspect of business like accountancy, finance, or project management. The course involves learning scientific approaches to solve the real-time problems of that discipline only.

What is an MBA Degree? – It focuses at training the students in every field of business organizing by keeping the course structure diversified. You learn by sifting through the problems of each department during internship and case-study sessions. The specialization subject chosen for MBA is kept as majors but doesn’t offer as in-depth knowledge as MS would.

Personal Interest

Nothing beats the quality of life charted on your personal interests. If you are the one who simply wants to become jack of all trades in the corporate world, pursue an MBA. And if you wish to be the master of one, choose MS for that subject.

Prior work experience

If you have prior work experience of around 3 to 5 years, going for an MBA in your work area is preferred to climb the corporate ladder faster. An MS works better for a fresh graduate.

Career Goals

To win a senior executive position in the corporate world, MBA should be your go-to. An MS would earn you an entry-level position in your specialized field with gradual upward movement slower than an MBA.

Return on Investment

After putting in 1 to 3 years of yours and an expense of around $100,000, an MBA would earn you a mean salary of around $115,000 per year. An MS needs around 1 to 2 years and around $ 70,000 for the course and giving back around $80,000 per year. 

Preferred Geographical Destination for Settlement

If you’re looking to settle in the United States, Australia, and Germany, opt for MS as the companies prefer it over an MBA. Whereas Canada, the United Kingdom, and Sweden, give equal importance to both.

Summing Up

As per U.S. Bureau of Labor Statistics, 18% of jobs across all sectors by the end of 2022 would prefer a MS over an MBA. So, choose your options wisely