MBA vs MSc: Differences, Eligibility, Admission 2024

By Universitykart Team, Posted on Jun 24, 2024
MBA vs MSc

An MSc (Master of Science) focuses on specialized technical or scientific knowledge in Finance, Economics, Data Science, Engineering, and Health Sciences whereas an MBA (Master of Business Administration) focuses on Management Education with an emphasis on Leadership, Strategy, and Business Operations.

MBA graduates can work in a variety of industries, including aviation, fashion, marketing, education, and information technology. Master of Science is a two-year postgraduate programme to study technical and important parts of science's broader applications and industry activity. 

When considering postgraduate education the Master of Business Administration (MBA) and the Master of Science (MSc) have different career paths and aspirations. This article will delve into the key differences, eligibility criteria, admission processes, job opportunities, and salary expectations for MBA and MSc programs, helping you make an informed decision about which path to pursue.



MBA vs MSc: Highlights

From the Two of the Master's degrees MSc vs MBA, The choice of which to study can depend particular discipline that is better suited for their career goals.

Parameters

MBA

MSc

Stream

Management

Science

Full Form

Master of Business Administration

Master of Science

Course Level

Postgraduate Degree

Postgraduate Degree

Modes of Exam

Online and Offline

Online and Offline

Educational Qualification

Bachelor’s degree in any discipline from a recognized university

Bachelor’s degree in a related field (e.g., B.Sc.)

Percentage

Average 50 percent marks

Minimum 50 percent marks

Entrance Exams

Through national and state-level entrance examinations like CAT, MAT, XAT, CMAT, NMAT, 

etc.

Entrance Exams like CPGET, ICAR AIEEA, CUET PG, MCAER CET, IIT JAM, URATPG, MAH CET, etc.

Requirements

Group discussions, written ability tests, and personal interviews

Personal interviews

Accreditation

University Grants Commission (UGC)

Accredited by Universities

Approach

Practical and experience-based learning

Academic and research-oriented

Different Modes

Part-time MBA, Distance MBA, Online MBA, Executive MBA , and Integrated MBA

MSc can be pursued according to who possess a bachelor’s degree in Science 

Work Experience

Preferred for executive MBA courses (2-5 years of work experience)

Generally not required

Subjects

Business Ethics, Organizational Behavior, Microeconomics, Principles of Accounting, etc.

Mathematical Statistics, Analytical Chemistry, Chemistry of Biomolecules, Polymer Science, etc. 

Course Fees (in INR)

INR 2 lakh to 27 lakh and above

INR 6,000 to INR 1,10,000

Salary (in INR)

INR 5 LPA to 25 LPA

INR 2 LPA and INR 9.3 LPA.

Specializations

Sales and Marketing, Operations, Finance, Human Resources, Digital Marketing, etc.

Physics, Biology, Chemistry, Mathematics, Botany, Biotechnology, Microbiology, Environmental Sciences, Food Sciences, etc.

Top Job Profiles

Management Consultant, Investment Banker, Marketing Manager, Operations Manager, Product Manager, Financial Analyst, HR Manager, Entrepreneur

Research Scientist, Data Analyst, Financial Analyst, Software Developer, Economist, Engineer, Academic Researcher.

Top Recruiters

Boston Consulting Group, McKinsey, Bain & Co, Morgan Stanley, JP Morgan Chase, Amazon, Facebook, Google, Adobe, etc.

Ranbaxy, GAIL, Bhabha Atomic Research Centre, BARC, etc.

Industries

Finance, Consulting, Marketing, IT, Healthcare, Manufacturing, Retail, Government

Academia, Research Institutes, Technology, Finance, Healthcare, Engineering, Government, Non-profits

Top Colleges

IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIM Lucknow, IIM Indore, IIM Kozhikode, etc. 

Banaras Hindu University, Bharathiar University, Calcutta University, Delhi University, etc.

Admission Process: MBA vs MSc


Candidates who have completed their bachelor’s degree and are confused about making their decision between MBA and MSc degrees Kindly check the Admission Process:

MBA vs MSc: Eligibility

The table below contains the eligibility requirements for Full-time MBA and MSc programmes.


Job Opportunities, Job Role, and Salary: MBA vs MSc Given below are some of the popular job options after MBA and MSc and their corresponding salaries:


Syllabus or Specialization: MBA & MSc

Here is a general overview of the semester-wise MBA and MSc syllabus in India:

Course

Specialization

Syllabus

MBA

MBA Specialization

MBA Syllabus

MSc

MSc Specialization

MSc Syllabus

Top College: MSc and MBA

Top MBA Colleges in India

 Here is the list of the top 10 MBA colleges in India and average fee structure:

College Name

Average Fees (INR)

IIM Ahmedabad

15,00,000

IIM Calcutta

15,00,000

IIM Bangalore

15,00,000

IIM Indore

15,00,000

XLRI Jamshedpur

5,00,000

FMS Delhi

5,00,000

SIBM, Pune

15,00,000

IIT Delhi

1,00,000

NITIE, Mumbai

15,00,000

Top MSc Colleges in India

Candidates can select the MSc institute based on the candidate’s requirements, specializations, fee structure, placement, curriculum, etc. Students can check the table below for MSc

Top MSc Colleges

MSc Fees (in INR)

Banaras Hindu University

10,400 - 25,500

Jamia Millia Islamia 

14,400 - 1.8 lakh

Delhi University (DU)

3,900 - 32,000

Jawaharlal Nehru University

432 - 5,800

Aligarh Muslim University

32,000 - 48,000

Indian Institute of Science

32,000 - 48,000

BITS Pilani

19.9 lakh

VIT Vellore

1.2 lakh - 3.8 lakh

Chandigarh University

1 lakh - 15 lakh

Amity University, Noida

1.1 lakh - 7.1 lakh

MBA vs. MSc, which is better?

As we discussed the basics of MBA and MSc, Eligibility, career possibilities, and MBA vs MSc salary If you want to make a career in business, you should choose an MBA course. Conversely, if you are interested in the science field, you can choose the MSc course.

Frequently Asked Questions:(FAQs)

Ques. What's the main difference between an MBA and an MSc?

Ans. An MBA provides you with general business knowledge for leadership and management roles across various industries. An MSc provides in-depth knowledge and specialization in a specific academic field.

Ques. What are the eligibility requirements?

Ans. 1. MBA: Usually requires a bachelor's degree in any discipline with a minimum score (often 50%). Some programs might require work experience.

  1. MSc: Requires a bachelor's degree in a relevant field to the specific MSc program you're applying for.

Ques. What's the admission process like?

Ans. 1. Typically involve submitting an application, entrance exams (GMAT/CAT/MAT for MBA, GRE/subject-specific tests for MSc), and interviews.

  1. MBA programs often prioritize work experience alongside exam scores, while MSc programs emphasize academic achievements and relevant coursework.

Ques. What are some examples of specializations?

Ans. MBA specializations are: Finance, Marketing, Human Resources, Operations Management, etc. other side, MSc specializations are: Data Science, Computer Science, Engineering Management, and Environmental Science (specializations vary greatly).

Ques. Which one is better for me?

Ans. There's no single "better" option. Consider your career goals:

  1. Choose an MBA if: You want a general management background, to switch careers to business, or aim for leadership positions.
  2. Choose an MSc if: You want to specialize in a specific academic field, advance your technical skills, or pursue research-oriented careers.

Ques. Where can I find more information about specific programs?

Ans. Check the websites of universities offering MBA and MSc programs you're interested in. They'll have detailed information about eligibility, admissions, and specializations.

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