The big MBA versus Masters in Management fight always gets its fair share of viewers. It is one of the common topics you’d see on MBA discussion forums where fresh graduates preparing for CAT (and GMAT simultaneously) hang out. After reading 20-30 responses you end up more confused than ever. So here’s a simple way to look at the two.
The primary difference is in the timing, that is, when you can start the program. Masters in management can be targeted by students who have just completed their graduation and are looking at continuing their education in the management area.
The regular 2 year MBA programs in India have traditionally targeted the same (age and qualification) demographic pool. Many of our impatient desi kids set their eyes on international degrees and don’t want to wait for several years. For them the Masters in management degree can be a good option to pursue. Financing a Masters program is relatively easier than a top MBA course.
MBA programs abroad, in contrast, expect students to have some professional experience before they are eligible to apply. We’ve already written a lot on this degree, including why Admission committees insist on work experience. So we’ll just focus on the differences.
Primary reasons for taking up a Masters option would include a change of geography (Bye bye India, hello USA), a better appreciation of management topics (with zero experience, it can be tough to understand and relate to the nuances) and an edge in the race to bag competitive fresher roles in various industries (you only have an undergrad degree? Poor you!). As a bonus, as a younger candidate with an impressionable and flexible, it’s easier to assimilate in the new culture and, er, reproduce a foreign accent more naturally.
Difference between MBA and MiM / Masters in Management
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So don’t consider one as an alternative of the other. Usually your background and your post-graduate plans would make the choice pretty clear.
Any Masters in Management aspirants out here? What are your reasons for choosing this over other degrees?
If you are interested in non-MBA degrees, check out the discussion here –>
MS, MFE, Mfin, MPhil, PhD, other degrees