MBA vs MSc vs Masters in Management - Which is the Right Masters Degree for You?

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8 жыл бұрын

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What is the difference between Masters in Management, MBA and specialized Masters degrees? Which one makes most sense for you?
A number of you coming to Touch MBA for school selection help are considering multiple Masters programs so I thought it would be good to dedicate one short episode to covering key differences from an admissions, curriculum, career and reputation perspective.
Dirk is involved in all 3 programs for IE Business School so I played the role of "applicant" and asked him common questions I get.
About Our Guest: Dirk Hopfl is Director, IE Center Singapore for IE Business School. Dirk got his MBA from IE in 1999 and done admissions and development for IE's graduate and undergraduate programs for over 15 years.
Need school selection help? Get a free expert profile review at touchmba.com.

Пікірлер: 52

@MILANIGOLD 7 жыл бұрын

Hi thank you for this video, I am a 23 year old financial service representative, im looking to go back to further my education.. Im not quite sure what i want to do career wise.. .. i was thinking an mba or msc ? what is your opinion on what the best route is for me ?

@TouchMBA 7 жыл бұрын

Milani, I think your first step is to figure out where you want to go (i.e. your career goals); only then can you know whether the Masters in Management, Masters in Science in [Specialization], or MBA is the best move for you. Given that you've already started working, you probably want to focus on the latter 2. Check out our A+B=C formula for career planning here: touchmba.com/how-to-choose-the-right-mba-programs-for-you/

@nivaschandraseker6468 2 жыл бұрын

i had a small doubt, what is the difference between international business management (IBM) and this MIM course. Can you explain this?

@margaritanoir 6 жыл бұрын

May I ask you for your guidance? Im considering a Masters in Management or a Masters in Entrepreneurship but Im an International Relations graduate from 2012. Ive been a freelancer since then with an internship assisting the accounting and then management departments of a 5 star hotel. Do you think Im a suitable candidate for either of those degrees? Im not especially fond of the MBA, Id rather be more specialized and graduate quicker hopefully..

@TouchMBA 6 жыл бұрын

With 5+ years of experience, we'd recommend the MBA. There are many 1 year MBA programs (and many have strong reputations for entrepreneurship too, like Insead and IE) too. The MBA will also give you more latitude should you choose to switch career tracks and enter the corporate world.

@margaritanoir 6 жыл бұрын

Touch MBA Thank you very much for your reply. However, arent these MBAs too competitive and especially difficult to get into for people of my non business/non engineering background? Ive a BA in International Relations, semestrial grade is a 2:1 (by simple equation its an 82,4%) and I had Cs and 3 Ds, final exams 100% and I work as an independent translator. I took Maths and Statistics at my country's A levels but didnt have such classes in undergrad. Ive taken Coursera courses of business subjects, I do read a lot but Im the type of student who would absolutely do great in the GRE but might struggle in the toughest GMAT Quant questions.. Being self employed and getting assignments like the ones I get (tv work, international work) is extremely rare and challenging like running a business but I dont know if thats something the MBA admissions would appreciate.. What do you think?

@celestamathew561 6 жыл бұрын

Thank you for this much needed informative video! I had a question though: Is it advisable to do a MIM or MSc from Canada in terms of the job prospects? Would be great if you could help. Regards! 😊

@trinity40 6 жыл бұрын

Celesta Mathew same question . Any response you got ?

@TouchMBA 5 жыл бұрын

Hi Celesta, this would really depend on what industry, function and geography you're targeting in Canada! Start with a target list here and then check career reports of the MiM and MSc programs you are interested in to see what would be the best program! The MiM degree will probably give you more latitude as it is a generalist degree.

@DiljeetJohn 6 жыл бұрын

Can I know why Touch MBA services are no longer available for Indian applicants? I was excited to find the site because this was just what I needed and the moment I typed in my Nationality, I was let-down :(

@TouchMBA 6 жыл бұрын

Hi Diljeet, we helped hundreds of applicants from India with our service. Unfortunately we continued to get many fake, misleading and/or unqualified profiles from India so we stopped offering free profile help. However, we hope you can take advantage of our other free content, including these podcasts, our country guides and MBA events alerts in India. We also encourage you to take advantage of the numerous other MBA forums and MBA Admissions Consultants that give Indian applicants free profile feedback.

@komal146 5 жыл бұрын

Okay this might be LATE reply, but looking fwd for yiur response. Business grad (June 2018), Freelance Content writing n editing specialist, four months of finance analyst and two as client relationship associate. Expecting a moderate success for my blog too. Looking for 2020 intake, meanwhile getting more experience and volunteering work. I really want to go into publishing industry with my management degree, can you suggest the appropriate qualifying degree for this?

@TouchMBA 5 жыл бұрын

You'll be right on the border between programs. Unless you feel you have truly unique work experience, we'd encourage you to work 1-2 years more before applying for an MBA. If you're dead-set for a 2020 intake, perhaps you could draw up a list of MiM and MBA programs you're interested in, and reach out to them to see if their programs could accelerate your publishing post-MBA goals. Good luck!

@sallybrightetek914 3 жыл бұрын

What is the difference between MPA and MACC

@skywalker1296 7 жыл бұрын

For a person with 3 yrs of Work experience in IT and who wants to make a career change to strategy consulting, which program will be right?

@TouchMBA 7 жыл бұрын

Hmmm, sounds like MBA is the way to go.

@shanabuzar9427 6 жыл бұрын

Hi sir ..I done my ( BBA-H ) 4 years in Supply chain . which specialization is good for me in MBA .like Marketing,HR or project management ...reply ?

@TouchMBA 6 жыл бұрын

Start with your career goals and work backwards. Which industries / functions / geography do you want to work in? Then it's about figuring out which degree, school and network will give you the best chance of achieving those goals. Good luck!

@TouchMBA 5 жыл бұрын

Maybe you can start with what functions and industries excite you and then choose a specialization?

@kelv9113 7 жыл бұрын

Thank you for the very informative Q&A. I have more than 15 years of managerial experience. My interest and goal has always inclined towards senior leadership positions. Question @9:10, would MBA be a more practical path for me?

@TouchMBA 6 жыл бұрын

Yes, an MBA - most likely EMBA or part-time MBA for someone with your experience - sounds best.

@georgezaki6477 7 жыл бұрын

i got my masters in mechanical engineer,i am a flight engineer, i have 15 years of experience , what should i do next , should i took MBA or PHD in management , i do not know my next step

@TouchMBA 7 жыл бұрын

George, is your ultimate goal to teach and do research? Then a PhD might be suitable. Otherwise, looks like a part-time MBA or EMBA (given your 15 years of experience) might be a better option.

@mohitmahajan3185 5 жыл бұрын

Hello, I am an engineer and working as an IT professional (Sr. Systems Engineer) with an MNC from last 4 years. Now i am looking to move out from a technical role to somehow management role. I am confused with the specialization course i.e. IT management and General management, need some suggestions. Also what would be a better option for me, MBA or MSC management. Thanks.

@Rigamallu 5 жыл бұрын

Hi pls give your email id

@mohitmahajan3185 5 жыл бұрын

@@Rigamallu mahajan.mohit.2304@gmail.com

@omkardandvate6529 4 жыл бұрын

I am having 4 years of technical experience. Now i want to be in Management. What should I go with MSc in IB or MBA in IB? Are they both same.

@TouchMBA 3 жыл бұрын

Given your level of experience, an MBA (or Masters of Finance) seems like the best option

@999musicworld 4 жыл бұрын

Hi, Im a freshly grad student from btech electronics communication engineering, Im looking forward to pursue business rather than taking up a job. Would MIM being a one year course pay us enough in the long run? Does the MIM degree have a good value in market? Please help me out.

@TouchMBA 4 жыл бұрын

I think most MiM grads are looking to land great jobs after graduation - that's when the market value of the degree is highest

@suryaswagy3840 6 жыл бұрын

I hv done Bcom recently obtaining 75% marks should I do mba or mim I also hv my interest in digital marketing what should I do?? plz guide me

@TouchMBA 6 жыл бұрын

Hi Surya, this has less to do with your marks and more to do with your goals. We recommend MBA programs for those with at least 2-3 years of real-world work experience. If you're eager to get a graduate business degree right after graduating, MiM would be the ideal choice.

@acube7930 3 жыл бұрын

If I take a MSc in business administration with specialization, does that mean I'll also get the base courses of the MBA too?

@TouchMBA 3 жыл бұрын

Masters of Management degrees and MBAs are a similar academic core; the difference is that your MBA classmates generally have more working experience as it is an older cohort, and some MBA programs have a minimum level of work experience requirement. And if you took an MBA with a specialization, yes, your core or "base" courses would be the same. Hope this answers your question.

@sandra8447 3 жыл бұрын

which is more good msc international business with project management or msc business project management pls reply 🥺🙏 more job opportunities is for which one , I'm waiting to get a honest answer pls 🙂

@bhargavasaikuntavloggs1632 6 жыл бұрын

Are the btech computerscience engineering people are eligible for masters in management

@TouchMBA 6 жыл бұрын

Absolutely.

@watcher7347 5 жыл бұрын

Is it worth to do MIM from UK

@TouchMBA 5 жыл бұрын

please ask alumni from the schools you are targeting!

@Xoxo_A_K 7 жыл бұрын

Hey i have completed my 3 years of graduation from India and now i m planning for my post graduation from Canada. I m confused as to which field to choose for? I have done my bachlers in business applications (BBA) in Human resource specialisation. What should i opt MBA or PGDM course?

@TouchMBA 6 жыл бұрын

If you're looking to do post-graduation in Canada right now, we'd encourage you to look at Business Masters (i.e. Masters in Management, Masters in Finance). If you're considering MBA programs, definitely get 2-3 years of work experience first!

@MsDger 6 жыл бұрын

Hello , my name is Osman, I am a Telecommunication engineering graduate on 2013 currently am in KSA working with Huawei company in Network & Technical Department. I have been admitted to Master of Engineering Management in Europe . My question is what kind of courses i shall take during my masters programme , bearing in mind that i don't have any background about management and business , but am interested in leadership and managerial positions . The university is offering a variety of courses to be taken for master students (See Below Choices ) and i don't know which courses i have to take. Course List : 1) Advance Manufacturing . 2) Design Management , innovation and Entrepreneurship. 3) Digital business and market innovation. 4)Finance. 5) Industrial Management. 6) International Business 7) Supply Chain Management 8) Sustainable operation managementand social innovation. Your Support and feedback is widely appreciated .

@TouchMBA 6 жыл бұрын

Hi Osman, congrats on being admitted! I think your school program staff and academic director would be much better placed to advise you based on your career goals. Enjoy your Masters!

@milesproductions999 6 жыл бұрын

Video plays with a Nas song playing in the background lol

@jbdaggett8392 6 жыл бұрын

this "Nas song" you speak of was sample by James Brown.....original creator. just saying

@neelpatel7148 4 жыл бұрын

Which is the best school for mim? And what is criteria?

@TouchMBA 4 жыл бұрын

Hi Neel, you can use the Financial Times' Masters in Management rankings as a starting point. What's most important is determining your criteria and "must haves" to shortlist schools

@neelpatel7148 4 жыл бұрын

@@TouchMBA is work experience is mandatory?

@rimmikhan6360 5 жыл бұрын

You don't offer any help to Indian very bad....😑😒

@TouchMBA 5 жыл бұрын

Unfortunately we were getting a lot of fake and misleading profiles from India. We hope you can make use of all the other free resources - podcasts, guides, event reminders - available at Touch MBA.