MBA or MIM or MA in management which degree to pursue in business management in UK
MBA or MIM or MA in management which degree to pursue in business management in UK
MBA or MIM or MA in management which degree to pursue in business management in UK? MA in management which degree to pursue in business management in UK .If you are considering getting a postgraduate degree in management from UK, the first course that pops up in your mind is MBA (masters in business administration). But do you know that there is MSc degree in Business management available too. Yes, Business-specific Master of Science courses are offered to students these days, especially outside the US as “MBA” is essentially an American concept. So as a student you might wonder – Which degree is better MBA or MIM or MSc? Which of these degrees promise a fatter paycheck? Which is more advantageous and beneficial for a student? Although both are postgraduate business management courses in UK, there are many differences between them in terms of eligibility, focus, and personal development.
Three types of UK management programs:
- MBA: 2-year programs, need work experience.
- MIM (Masters in Management): 2-year programs, do not need work experience.
- MSc in Management or MA in Management: 1-year programs, does not need work experience.
Master of Science (MSc) in management subjects
These programs are postgraduate studies for people who are fresh out of undergraduate courses and want to enhance their knowledge on a scientific level. To pursue an MSc in a particular field in UK, the student needs to have an undergraduate degree in that same field as MSc is a continuation on a more advanced level in that specific field. The subjects are less vocational than in the case of MBA and students are not required to have any previous work experience. The course structure will look at the ‘theory of management’, and will focus on developing analytical and technical skills. Typically, MSc courses in management are taught over one year in UK. The employment opportunities an MSc opens include becoming a scientist, teacher, researcher, or consultant.
Master of Business Administration (MBA) in UK
The MBA is a business course in UK is designed for students with some work experience. UK MBA degrees help develop leadership skills. Most of the time there are a few prerequisites for enrolling in an MBA programme. Candidates must have work experience (usually around three years), and pass relevant MBA entrance examinations such as GRE or GMAT. An MBA in UK can be studied in a number of different formats like full-time degree in UK, part-time degree in UK, and online degree in UK. This degree provides crucial networking opportunities and connections across industries. Please remember that MBA programmes taught at foreign universities keep evolving, in terms of structure and content, in order to keep up with the demands of modern business scenarios. So choose your MBA in UK, MIM in UK, MSc degree in business management in UK carefully. Another option you can explore as an international student is take up courses that focus on international business and global management.
Difference between MSc and MBA
The MSc degree is offered only in a particular discipline, which means that it will only deal with one main subject or specialisation of business. So then, MSc is the perfect choice if one wishes to pursue a career in a specialised field, such as finance.
An MBA, on the other hand, is an all-encompassing degree. During the last semester, you can choose to deal with one specific aspect of a business, but throughout the rest of the course, you will still learn about various business fundamentals. While MSc is extremely specific, an MBA is wide-reaching and goes into details offering specialisations like supplychain or operations related to businesses function that is focussed knowledge building approach.
Which degree to choose?
It should also be based on what field you will choose to enter after finishing the course. If you want to enter into any type of business or startup, then an MBA is the preferred option. There may come a time in the future when you want to branch out on your own and start your venture and choosing entrepreneurial courses is good. An MSc, unfortunately, isn’t going to help you with this. If you plan to stick to one field throughout your career, then MSc is the better choice as you will be the expert in the field.
It is clear that apart from a few differences in prerequisites, there is not much difference between MBA and MSc. The UK and most European countries offer courses like MSc in UK and PGDM in UK, while the US offers more MBA courses, along with a few MA in management subject choice. You might come across rankings of top UK Universities where there is no distinction made between UK MBA and UK MSc courses. MSc courses in UK are of shorter duration and are more economical than an UK MBA degree. In the case of MBA degree in UK, and teaching methods are more experience-based, more electives and specialisations that you will not get in other degrees. There is not much of an effect on employment opportunities; as we feel that both degrees will open opportunities to land you in high-paying jobs. It is not about the degree or certificate per se, it is about your ability to
Planning to study in UK:
MBA is a 2 or 1-year program for people with 3 and above years of experience.
Requirement: GRE/GMAT with above-average academics as a standard requirement and minimum 60% in graduation.
MIM is a 2 years program, mainly government-supported. In Europe, this degree is highly recognized by the industry. This course is open for both fresher’s and for those having up to 5 years of experience.
Requirement: GRE/GMAT and high academics with minimum 70% and above in graduation.
MSc in MGMT (Management): In this degree, candidates pursue a specialized course work. Further, it can be pursued by both fresher’s and experienced professionals. No GRE/GMAT required for pursuing MSc in Management.
Requirement: Standard academic requirement i.e. 60% in graduate studies.
MBA or MIM or MA in management which degree to pursue in business management in UK
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Note: MIM is a more valued industry-accepted course in France for freshers than MSc in MGMT (management). Those who are ready to take a 2-year program and has an average of 2-3 years of work experience are suggested to pursue MIM over MBA.
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