MBA Vs Masters of Finance Or Economics


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There are many things which come together to make for a successful business enterprise. These things are conveniently divided into four key managerial
segments or functional areas of business including the production, marketing, human resource development and finance.

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MBA Vs Masters of Finance Or Economics

  1. 1. ==== ====The Truth About Managing Change: ====You might be feeling confused, as many people are, about whether to take a Masters or a full-blown MBA. It is confusing since so many different kinds of masters exist - Masters of Finance,Masters of Economics and so on - and it can be difficult to understand at what point do they differfrom an MBA.The big question - should you enroll in a Masters, or a Masters of Business Administration (MBA)?What exactly is the difference?The main difference between the two is the style of teaching;MBA - The core features are teamwork, networking, an interactive classroom and lecture style, afocus on debate and communicative skills. Everyone is encouraged to participate in a hands - onway.Masters (other) - More lecture- based, similar to that of an undergraduate course. There will beless debate and discussion and a more guided approach as opposed to the practical hands-onapproach of the MBA.The MBAs edge is that the student will gain a very strong understanding of a variety of core skillsin all areas of management, as well as stronger leadership and communication skills. An MAcourse will be more content-driven, with less emphasis on the areas of leadership andmanagement.Which one is right for you?The MBA seems to be best described as a post-experience qualification - that is, it is best forsomeone who has at least 3 years professional experience in the work place*. The Masters wouldbe more appropriate for someone with less than 3 years experience and someone who is moreinterested in gaining content knowledge rather than advancing their practical skills (for example animproved knowledge of financial systems rather than management skills).* To contradict this general rule, there does now exist an Early Career MBA which is aimed atthose with less than 3 years professional experience, and even those fresh out undergraduateschool. The program is a little different to the regular MBA.Always keep the long term goal in mind when considering what kind of program to apply for. Whatare you hoping to get out of the program? What are your priorities, which skills do you wish tocultivate? Ask yourself these questions and you may have the answer you need.
  2. 2. Best of luck!For more information and advice on the GMAT and Graduate school test for business school,steer over to Source: ====The Truth About Managing Change: ====