Education, in present world has reached a level of reputation that equals that of food, clothing and shelter. After all, getting a good education leads to getting a good occupation, which in turn leads to the financial steadiness to be capable to afford food, clothing and shelter. While in the past, getting a high school education proved more than sufficient to secure a good job and make a livelihood, today's job market is riddled with competition. For every ten job opportunities that are made known, there are hundreds of applicants applying. Some qualified for the job experience wise, and few qualified for the job education wise. Yes today, after completion of a high school and college education, students and their parents are willing to go that extra mile to secure the perfect career, by undertaking a Master's degree in the area of interest and specialization.
What is a Master's Degree?
- A Master's degree is rewarded to an individual who has completed, satisfying the necessities and targets set by the institute, within the specified time period, a post-graduate program that he has applied for. Given below are some of the most common characteristics that a Master's degree entails.
- A Master's degree is an all-inclusive term used for a post-graduate degree in any field that one aspires to pursue.
- There are numerous streams, disciplines, and fields from which particular topics are selected for holding Master's programs in.
- For instance, there are Master's programs in the fields of fine arts, science, commerce, performing arts, communication, computer technology, etc. From inside these fields too, specific subjects are selected and Master's programs are conducted.
- The reason for this is that these fields are very huge and hence need to be categorised and studied in information by having separate courses dedicated to them.
- A person aspiring to undertake a Master's degree in a particular field is typically required to hold an undergraduate degree in a discipline that is the same as the Master's that he wishes to study in.
- For example, among two individuals wishing to do a Master's in Astrophysics, somebody with a Bachelor's degree in science (specially related to astrophysics) will get preference over someone with a degree in psychology (even though he might be mentally competent for it).
- After a Master's degree in a particular field, one usually gets a job and might later on pursue a Ph. D. in a subject of interest after garnering experience and exposure in the field.
What is an MBA?
- An MBA is the abbreviated form of Master's in Business Administration. That it is a sure shot signal to how dissimilar it is from a regular Master's degree. Nevertheless, we've explained some points to clear your doubts.
- An MBA is a Master's program specifically designed to train persons in one field of study: management.
- Thus, it can be supposed that an MBA is a subset of a Master's degree. This is because while each MBA degree is a Master's degree, each Master's degree is not an MBA.
- So an MBA is just one of the several streams and disciplines that have Master's programs to be taught.
- Just like any other Master's degree, an MBA also has diverse subjects and fields within itself that students can specialize in. These include finance, banking, human resources, communication, etc.
- An MBA does not need the applicant to have a specific main or stream as far as the Bachelor's degree is concerned.
- It is a common practice to earn a Bachelor's degree, garner some work experience, and then pursue an MBA. This supports the student understand the working and practice of management ideas in business organizations better, because they've previously been a part of one.
- Many individuals also combine a Master's degree in another field with an MBA to better their job prospects and make more money.
Master's Degree vs MBA
From the above explanation about a Master's degree and an MBA, you might have understood that an MBA is a domain that specializes only in management training while a Master's degree is a much broader term and can be dedicated to any domain in overall. If you're aiming to get into the management sector of a specific domain, then obtaining an MBA in that particular domain, for instance communication studies, will be a good idea.
But if you intend to excel in the workforce level of a domain, say mass communication, then it makes more sense to get skills in that exact domain. So, by this, we can infer that a Master's degree will get you the skill set that you need to do a job, while an MBA will assist you develop your management techniques in order to manage aforementioned skill set. Both are similarly important jobs. You have to decide what your forte is.
While it is true that finishing an MBA will get you more money than an undergraduate education, there are also loads of high paying jobs even with any other master's degree. The key is to identify your field of interest, learn as much as you can about it, and find a job that uses your knowledge and skill acquired via the education to get you the remuneration you deserve.
KCC Institute of Technology & Management
Address: 2B-2C, Knowledge Park-III, Greater Noida, Uttar Pradesh 201306
Phone: 092100 65555
