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Why study a Masters in Management?

While the MBA is the influential degree, the MSc in Management provides a more academic approach to problems old and new.

After three or more years labouring as a middle manager, a businessperson might try for a Master of Business Administration, the MBA. The degree helps managers get more respect and notice from higher-ups, equips them to better engineer the direction of the company, and helps hoist the degree holder up the corporate ladder.

But some potential students are without the business experience or academic background to enrol in an MBA program. These students might be better suited for a Master of Science in Management.

An MBA furthers one’s business career, and an MSc in Management opens the door to a career.

The MSc in Management degree offers practical professional skills like the MBA, but focuses on the academic, theoretical side of business. The MSc focuses on leadership skills, combining human relations with cold calculations. It places a greater emphasis on mathematics and analysis than the MBA. Many programs allow for or require internship experience during the course, making a job searcher valuable to employers.

A few programs in Europe only accept students with degrees in economics, business, or a related field, but often MSc students have a background in technology or engineering or liberal arts. An MBA program might require a project demonstrating the practical skills a student learned, while an MSc in Management might require a research project and a thesis. MSc in Management classes might include marketing, organizational performance and strategy and analysis.

The MSc in Management may lack the recognition of the MBA, but its graduates can be of equal or greater calibre. The difference is, with the MBA employers know the candidate has experience and is willing to commit the money and time to furthering their career, while the MSc in Management is marketed to students who want a foundation in business or to students who want to become a researcher in business. Which course – the MBA or the MSc – makes a better businessperson? It completely depends on the student.

Other degrees, such as a MSc in Finance, might fit a students’ needs and interests better than an MBA or MSc in Management. It’s worth exploring different degrees to see which ones fit interests and would be more useful. It’s also worth looking at the college that offers them to make sure they are recognized or accredited. It’s also important to note that even with the Bologna agreement, which standardizes European education, the MSc in Management differs slightly across Europe. For example, admissions standards might differ, and length, which should be 1 – 2 years, might differ.