Education, the world has now reached the same level of importance that food, clothing and shelter. After all, getting a good education cause you to get a good job, which in turn led to the financial stability to be able to buy food, clothing and shelter. While in the past, getting a high school education proved more than enough to secure a decent job and make a living, the current job market is full of competition. For every ten jobs is known, there are hundreds of candidates applying. Some qualifications for work experience wise, and some are eligible for employment education wise. Well today, after finishing high school and higher education, students and their parents are willing to go the extra mile to secure the perfect job, by doing a Master's degree in the areas of interest and specialization. MBA degree is one of the most popular titles since a while now. However, 'if there is a difference between an MBA and a Master', is something that people are generally confused about. This Buzzle article will dispel doubts from your mind as well!
What is a Master's degree
Master's degree appreciated for someone who has completed, meet the requirements and targets set by the agency, within the specified time period, post-graduate courses that he has applied for. Given below are some of the most common features that require a Master's degree.
1. Master's degree is a term used to cover all post-graduate degree in any field that one aspires to pursue.
2. There are many schools, disciplines, and fields that certain topics are chosen to undertake the Master's program entry
3. For example, there is the Master's program in fine arts, science, commerce, arts, communications, computer technology, etc. From within this field also, certain subjects are selected and Masters programs do.
4. The reason for this is that the field is very broad and therefore need to be categorized and studied in detail by having a separate program that is dedicated to them.
5. A person aspiring to do a Master's degree in a particular field are generally required to hold a bachelor's degree in the same discipline with the teacher that she wanted to study entry
6. For example, between two people who want to do a Masters in Astrophysics, someone with a Bachelor's degree in science (especially those related to astrophysics) will get preference over someone with a degree in psychology (although he may be mentally competent to it).
7. After a Master's degree in a particular field, one generally gets the job and may later pursue a Ph. D. the topic of interest after accumulating experience and exposure in the field.
What is MBA
MBA is an abbreviated form of Master in Business Administration. That in itself is a sure shot signal how different it is from the regular Master's degree. Despite this, we have explained a few points to clear your doubts.
1. MBA is a masters program specifically designed to train individuals in the fields of study: management.
2. Thus, it can be said that the MBA is part of a Master's degree. This is because while every MBA degree is a Master's degree, Master's degree is not every MBA.
3. So an MBA is just one of the many flow and discipline which has taught Master's program.
4. Just like any other Master degree, MBA also has a wide array of subjects and fields within himself that students can specialize in. These include finance, banking, human resources, communications, etc.
5. MBA does not require candidates to have a large or a particular stream as far as degree is concerned.
6. It is common practice to obtain a bachelor's degree, gather some work experience, and then pursue an MBA. It helps students understand the concept of work and management practices in business organization better, because they have become part of one.
7. Many people also incorporates a Master's degree in another field with an MBA degree to further their job prospects and get a fortune.
MBA vs. Master's degree
From the explanation above about the Master's degree and an MBA, you might have understood that the MBA is the only domain that specializes in management training as a Master's degree is a broader term and can be dedicated to each domain in general. If you are aiming to get into a certain domain management sector, then obtained an MBA degree in a particular domain, for the study of communication, for example, would be a good idea. But if you intend to excel in the workforce level domain, say mass communication, then it makes more sense to acquire skills in a specific domain. So, with this, we can conclude that the Master's degree will get you the skills you need to do the job, while the MBA will help you develop your management techniques to manage these skills. Both are equally important job. You have to decide what forte you.
While it is true that completing MBA you will get more money than undergraduate education, there are also tons of high paying jobs with a master's degree. The key is to identify your areas of interest, learn as much as possible about it, and find a job that uses the knowledge and skills gained through education to get the remuneration that you deserve. Hope your question about the difference between an MBA and a Master's degree has been answered.