Interested in taking the next step? The central difference is the experience of candidates. Irrespective of the choice, the future is bright for the applicants. MS in ManagementArticles Masters in Management vs. MBA. A Master of Business Management degree, or MBM, is designed for candidates who are at the beginning of their career, or for graduates who want a higher level qualification before entering the job market. However, an MBA is not the only kind of master's degree. This factor, too, allows MBA students to learn from their collective professional success and continue expanding their knowledge. Likewise, students in Duke’s MMS program study many of the same core topic areas as those in the Fuqua MBA program but lack the ability to focus on specialized areas. In the end, it will turn out that both MiM and MBA have their legitimacy because they attract different target groups with different needs. Master’s in Project Management vs. MBA. Masters in Management in the UK is a 1-year full-time program. Further a strong alumni base, strong exchange opportunities, good recognition worldwide and strong recruitments, make MBA a truly global phenomenon. In the latter scenario, more MBA programs offer a part-time or online format; in the case of Wake Forest’s on-site MBA, courses are held in the evenings or on Saturday. The INSEAD Master in Management (MIM) is a continuation of this mission. After having covered core subjects on managerial functions such as finance or accounting, students concentrate on more integrative courses and analyze business cases from the practical position of managers. Masters in Management grads will not compete for the same roles as MBAs, mainly due to the experience levels. Check out our detailed report on the 11 major differences between the two and improve your understanding of the MBA vs Masters in Management phenomenon. Further, the country you work in also dictates the salary to a considerable extent, for example, salary in the US is comparatively higher than that given in the EU. MBA’s are focused towards building on top of the existing practical knowledge of its students, it expects students to bring to the course the vast amount of experiences and learnings they have accumulated. I often refer to Master’s in Management programs as the “younger brother” of MBA programs. As a result of these differences, the average Masters in Management student is usually 23 years old, while the typical MBA candidate is in their late 20s or early 30s. The number of credits a student needs to take reflect these differences: MBA programs sometimes have double the credits, some of which go toward the concentration. Most top MBA programs also offer various specialization tracks, … The regional dominance of the MiM’s in Europe is very visible here. When Thalia Elena Hernández Durán moved from Mexico to London to study for a masters in management, she did not think she would need an MBA. Based on figures from the Bureau of Labor Statistics, management professionals will see 7% more demand between 2018 and 2028. what’s a master’s in management and how does it compare to an mba? Of course, there are some applicants who are younger or older, but they tend to be very few. Another major difference in the MBA vs Masters in Management comparison, is the amount of tuition fees charged by the two degrees, the MBA with its strong and rich background has proven its ability to get students placed in top level companies, & hence charges premium tuition fees ranging anywhere from 50,000$ to 100,000+$ per year, this amount may vary but this range seems to be constant in the top ranked colleges. Want to understand which one among the two would be a better fit for you? One, coursework builds off their past education and work experiences, and two, the additional knowledge gained prepares them for more on-the-job responsibilities. This kind of experiential learning gives students a chance to use their years of work experience and logically analyze & investigate business scenarios. * One of the differences between engineering management and MBA program admission requirements is related to an applicant’s academic background. Masters Degree in HR. MiM or Master in Management is a premium post-graduate degree targeted towards individuals who have just graduated or are young professionals. The MBA is an ideal degree for people who want to take the next step in their careers, this can be in the form of switching career fields, boosting their chance for a promotion, switching to get a high paying job or becoming more qualified for a leadership or management position, among other things. A master’s in leadership and a master’s in business administration (MBA) are two valuable graduate degrees that share some similarities—but are also quite different. This work experience requirement is one of the key differentiators between the Masters in Management and the MBA. in Management(MiM) & MBA are phenomenal degrees having their own target audience & unique selling propositions. Here’s a closer look at each program, including its focus, concentrations, and future career and salary possibilities. “For instance, typical MBA full-time students are between 28 and 32 years old whereas MIM students are between 22 and 24.” For these professionals, the MBA is a terminal degree. The MSM, in turn, supplements their bachelor’s degree and on-the-job knowledge with a general understanding of business, leadership, and management concepts. MBA graduates, already on the track to advancement, clear this hurdle, often transitioning from a lower- or mid-level finance role to a department head or management personnel. For these professionals, their years in the workforce and advanced degree go hand-in-hand in terms of advancing their career. This does not allow students to dive deep into specialized areas like MBA students can. All courses are six to eight weeks long. Further, statistics show that MiM awareness is growing at a rapid pace among HR departments, and they are recognizing the MiM as a source to attain high-quality individuals & groom them for future upper management roles. Through your bachelor’s and work experience, you have already gained a general, if not more nuanced, understanding of business. The MBA and MSM prepare employees to take advantage of these opportunities. 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