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MBA vs MSc - Which Are Best and Why?

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MBA vs MSc - Which Are Best and Why?

Edited By Team Careers360 | Updated on Sep 08, 2023 07:29 PM IST | #Business Administration

After completing your graduation in any field, you will immediately get worried about your master's degree. When it comes to pursuing a master's, you will get a wide variety of options. If you are interested in pursuing management degree, an MBA is among the sought-after programme mostly picked by management aspirants. On the other hand, if you are looking to enter the science field, an MSc is one of the most picked options among students. Every year thousands of students opt for either MBA courses or MSc courses to continue their postgraduate studies. Choosing between these two master's programmes can be tricky. This is where this article discusses the differences between MBA and MSc courses.

MBA vs MSc - Which Are Best and Why?
MBA vs MSc - Which Are Best and Why?

Through this article, you will understand MBA or MSc, which is better, know about the MBA full form, and MSc full form, and be able to make a strategic decision on MBA or MSc which is better in India. So, let us get started.

Also Read: Top 10 High-Paying Management Courses Other Than MBA

What is an MBA?

The MBA full form is Master of Business Administration, which is a 2-year masters-level academic programme. An MBA offers vast career options for students in the field of management. There are various types of MBA courses offered by universities in India and abroad. Apart from multiple streams, the types of MBA include a fast-track MBA or executive MBA that can be done in one year and is suitable for working professionals. Specialised MBA, where you choose their specialisation from the start of your master's programme, and generic MBA, which allows you to select a field in your program's second year.

Why Choose an MBA?

With changing market needs, business and management education is booming with leaps and bounds. In the past few years, the demand for MBA professions increased tremendously. So, if you want to pursue a master's programme, an MBA is for you. With the proliferation of online education, you can also opt for an online MBA, executive MBA, and a standard MBA degree. In all these options, you can choose the specialisation of your choice.

Online MBA Course offers a wide variety of specialisation options. Some of the most trending online MBA specialisations include marketing, finance, and human resource. The career possibilities after completing an MBA in any of these streams are endless.

Below, we have discussed MBA course details that can help you choose the best career.

Also Read: Top 10 Careers Options After Completing MBA Finance Course

Benefits of Choosing an MBA

  • After completing your MBA, many new job positions will be open to you

  • Your career will not be restricted to any particular industry

  • Your potential earning increases along with your professional skills

MBA Entrance Examinations

If you want to pursue the best MBA course in India, you need to clear a national, state, or university-level entrance examination. Some of the popular MBA entrance examinations are mentioned below.

  • CMAT – Common Management Admission Test

  • NMAT - NarseeMonjee Management Aptitude Test

  • XAT – Xaviers Admission Test

  • SNAP – Symbiosis National Aptitude Test

  • CAT – Common Entrance Test

  • MAT – Management Aptitude Test

  • MAHCET – Maharashtra Common Entrance Test

  • IIFT – MBA Entrance Test

  • ATMA - AIMS Test for Management Admissions

  • IBSAT - ICFAI Business School Aptitude Test

Top MBA Colleges in India

Many top colleges and institutes in India offer the best MBA courses that aspiring students can pursue after meeting all the eligibility norms of the college. The table below shows some of the top colleges for MBA in India.

Placement Opportunities

An MBA graduate can get a job in some of the country's most prominent institutions after MBA courses. Popular fields where MBA graduates can pursue their careers are banking and finance, investment banking, management consulting, data analysis, private equity, e-commerce, IT, and FMCG, among others.

Employment Roles

After completing MBA courses, you can get a job as an operations manager, senior business analyst, human resource generalist, marketing manager, project manager, human resource manager, business analyst, regional sales manager, relationship manager, and others. The employment roles will depend on the specialisation you chose in your MBA program.

Average salary offered

The average salary offered to an MBA graduate may vary depending on factors such as qualifications, experience, skills, industry, employer, job type, and location. The average MBA graduate salary can be anywhere between Rs. 5 lakhs to Rs. 7 lakhs per annum. The pay may also differ based on the market condition.

Also Read: How To Get Admission In Best Business and Management Courses In India

What is an MSc?

The MSc full form is Master of Science, which is a master's degree in the field of science. The field attracts students who are keen to master a particular area. You can find numerous specialisations in the MSc course. It is one of those master's programmes that can open a gateway for almost every field. You can study MSc mathematics, physics, microbiology, forensic science, information technology, botany, clinical research, and others.

Why Choose MSc?

If you want to get involved in the practice of science and its technical implementation, MSc has a lot to offer you. The scope of M.Sc Mathematics, chemistry, physics, biotechnology, and Microbiology is higher than any other master's degree. After completing your MSc, you can enter the field of research and innovation.

Benefits of Choosing MSc

  • You can gain in-depth knowledge about the stream you choose

  • You can get job opportunities in the top research institutions and colleges

  • Gain greater access to an in-depth understanding of your specialisation

MSc Entrance Examination

If you want to pursue MSc courses from a reputed college, you need to clear an entrance examination. We have mentioned below some of the popular entrance examinations conducted for the MSc programme.

  • All India Institute of Medical Sciences [AIIMS] Entrance Exam

  • Annamalai University Entrance Exam

  • Banaras Hindu University Entrance Exam

  • Calicut University Entrance Exam

  • Guru Gobind Singh Indraprastha University Entrance Exam

  • Indian Institute of Technology – Joint Admission Test [IIT-JAM]

  • Indian School of Mines Entrance Exam

  • Jadavpur University Entrance Exam

  • Mahatma Gandhi University PG Admission Test

  • Osmania University Entrance Exam

  • Tamilnadu Open University [TNOU] Entrance Exam

Top MSc Colleges in India

Placement Opportunities

An MSc holder can get a job in some of the most prominent institutions in the country. Top recruiters that hire MSc graduates include NASA, General Electric Co (GE), Hudson Space Research, Cisco Systems Inc, Dr. Reddy's Laboratories Ltd, Biocon, Intel Corporation, Genpact, Dell, and others.

Employment Roles

After completing MSc courses, you can get a job as a Data Scientist, Chemist, Clinical Research Specialist, Research Scientist, Biology Researcher, Laboratory Technician, Geneticist, Lecturer, Marine Geologist, Science Adviser, Oceanographer, and others. The employment roles will depend on the specialisation you chose in your MSc course.

Average Salary Offered

The average salary offered to an MSc graduate may vary depending on factors such as qualifications, industry, job type, employer, and job location. The average salary can be anywhere between Rs. 7.95 lakhs to Rs. 9 lakhs p.a. The pay can also differ based on the market condition and your expertise level.

Also Read: Highest paying jobs for freshers in India

MBA vs. MSc, which is better?

As we discussed the basics of both MBA and MSc, career possibilities, and MBA vs MSc salary, the question 'MBA or MSc, which is better in India' remains the same. If you want to make a career in business or do not want to limit yourself to a particular field, you should choose an MBA course. An MBA degree will give you industry exposure and knowledge. Conversely, if you are interested in gaining a thorough knowledge of the science field, you can choose the MSc course.

Also Read:

Frequently Asked Question (FAQs)

1. How does an MBA program differ from a regular Master's program (MSc Or MA)?

In the MA or MSc programs, the MBA emphasizes on the realistic training aspect, in conjunction with practical market experience, which also involves pragmatic decisions on the actual market landscape and leadership projects applied on the real market.

2. What really is the difference between MBA and PGDM?

The key difference between MBA and PGDM is that an MBA is a certificate and is provided by universities, whereas a PGDM is a postgraduate diploma provided by AICTE-approved institutes. Academic institutions are part of the University Grants Commission ( UGC) and therefore can award degrees such as MBA, also known as MMS in Mumbai.

3. How much would it have cost to pursue a full-time MBA or PGDM programme?

Each B-school has its own fee structure. Overall, it may cost you about Rs 20,000 to Rs 15 lakhs or more to pursue a full-time MBA or PGDM programme.

4. What is the best choice after graduation: MBA or postgraduate in the respective subject?

After graduation, you can either choose a job or opt for further studies. If you want to develop your career as a discipline or field specialist, then you should pursue a postgraduate degree in this field, but if you are more interested in ascending the corporate ladder on the management track, then MBA is a good option.

5. Is it easier to seek an MBA immediately after graduation or to work for a few years and then opt for an MBA?

Both choices are open to you, however, it is recommended that you work for a few years after graduation and then opt for an MBA. Work experience would give you a clearer understanding of the work scenario and which MBA specialisation you can choose to further improve your career prospects.

6. What are the job opportunities for an MBA in IT?

The MBA in information technology is a good hybrid of different very dynamic aspects of any business: managerial expertise and information technology. Almost every national and international organisation always looks for experienced and skilled professionals to help them cope with the competitive marketplace.

7. What entrance tests are required for admission to the MBA or PGDM programme?

You need to take the management entrance test approved by the B-Schools that you are targeting for pursue the MBA or PGDM programme. Some of the popular tests are CAT, MAT, and XAT.

8. What's included in the admission interview?

The admission interview is your chance to shine in front of your potential instructors and company mentors. Your interviewer is generally interested in finding out more about your long-term goals and how to make good use of the information gained during the MBA programme.

9. How long would it take to complete the MBA programme?

Depending on the selected course of study, you can earn a master of business administration in 18 - 35 months. Full-time study options also include-site lectures, workshops, training during 3 to 6 courses of study. Optimistic candidates could also choose an accelerated learning path in MBA.

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An Azure Administrator is a professional responsible for implementing, monitoring, and maintaining Azure Solutions. He or she manages cloud infrastructure service instances and various cloud servers as well as sets up public and private cloud systems. 

4 Jobs Available
Computer Programmer

Careers in computer programming primarily refer to the systematic act of writing code and moreover include wider computer science areas. The word 'programmer' or 'coder' has entered into practice with the growing number of newly self-taught tech enthusiasts. Computer programming careers involve the use of designs created by software developers and engineers and transforming them into commands that can be implemented by computers. These commands result in regular usage of social media sites, word-processing applications and browsers.

3 Jobs Available
Product Manager

A Product Manager is a professional responsible for product planning and marketing. He or she manages the product throughout the Product Life Cycle, gathering and prioritising the product. A product manager job description includes defining the product vision and working closely with team members of other departments to deliver winning products.  

3 Jobs Available
Information Security Manager

Individuals in the information security manager career path involves in overseeing and controlling all aspects of computer security. The IT security manager job description includes planning and carrying out security measures to protect the business data and information from corruption, theft, unauthorised access, and deliberate attack 

3 Jobs Available
ITSM Manager
3 Jobs Available
Automation Test Engineer

An Automation Test Engineer job involves executing automated test scripts. He or she identifies the project’s problems and troubleshoots them. The role involves documenting the defect using management tools. He or she works with the application team in order to resolve any issues arising during the testing process. 

2 Jobs Available
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