MBA stands for Master of Business Administration. This is a general and versatile postgraduate degree. It is multifaceted as it covers many different areas of business including accounting, finance, marketing, human resources, sales, management, IT and more. As such, it aims to provide students with the technical, management and leadership skills needed to run a business successfully. Generally, there are three different types of MBA programs: full-time, part-time, and executive MBA programs.
A master’s degree is also a postgraduate degree designed to provide mastery of a specific field/subject. This is the main difference between an MBA and a master’s program. While an MBA program aims to train candidates to become competent professionals in various areas of business administration, a master’s degree allows students to acquire subject-specific skills. Master’s programs are usually full-time programs.
Which program (MS or MBA) is more valuable in the following countries?
Generally, people with less than 2-3 years of experience choose MS programs while people with more experience and higher budgets choose MBA . A master’s degree in the USA is a much better choice than an MBA program because of the comprehensive study structure and the huge career prospects.
Teaching method: Lecture or experiential learning?
The teaching style in a master’s program is unlikely to be much different from a traditional undergraduate program. Lectures are generally the main teaching method, although more use is made of case studies.
Teaching in most MBA programs combines lectures and case studies as in a master’s degree. The difference is that MBA teaching tends to be more experiential using case studies and project-based work. It is a truly immersive teaching method and allows students to learn from their experiences. Learning by doing describes this well. This method has been proven to be one of the most effective methods of learning.
One of the main differences is the type of skills acquired. An MBA aims to develop your skills in this area and to make you a competitive specialist and manager. Most master’s degrees focus on science and building a strong academic background in management fields. In short, an MBA program focuses on professional skills, while master’s degrees focus on academic skills.
Another important difference between these stages is the teaching style. Most programs combine different teaching styles, but in general, master’s programs are based on lectures, tutorials and seminars. There is a lot of presentation and a strong emphasis on business administration. On the other hand, MBA programs deal with real business problems that students must understand, research, discuss, and ultimately solve. These issues are often presented in the form of case studies, with a more active approach to analyzing very specific business issues. Generally, these topics are discussed in small groups.