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.
Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...
MBA Vs Masters of Finance Or Economics
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The Truth About Managing Change:
http://blog.pro2sell.com/category/ms-in-finance
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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 differ
from 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, a
focus on debate and communicative skills. Everyone is encouraged to participate in a hands - on
way.
Masters (other) - More lecture- based, similar to that of an undergraduate course. There will be
less debate and discussion and a more guided approach as opposed to the practical hands-on
approach of the MBA.
The MBA's edge is that the student will gain a very strong understanding of a variety of core skills
in all areas of management, as well as stronger leadership and communication skills. An MA
course will be more content-driven, with less emphasis on the areas of leadership and
management.
Which one is right for you?
The MBA seems to be best described as a post-experience qualification - that is, it is best for
someone who has at least 3 years professional experience in the work place*. The Masters would
be more appropriate for someone with less than 3 years experience and someone who is more
interested in gaining content knowledge rather than advancing their practical skills (for example an
improved knowledge of financial systems rather than management skills).
* To contradict this general rule, there does now exist an 'Early Career MBA' which is aimed at
those with less than 3 years professional experience, and even those fresh out undergraduate
school. 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. What
are you hoping to get out of the program? What are your priorities, which skills do you wish to
cultivate? Ask yourself these questions and you may have the answer you need.
2. Best of luck!
For more information and advice on the GMAT and Graduate school test for business school,
steer over to http://www.30daygmatsuccess.com.
Article Source:
http://EzineArticles.com/?expert=Brandon_Wu
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The Truth About Managing Change:
http://blog.pro2sell.com/category/ms-in-finance
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