MBA vs M.Sc: Job, Scope, Salary, Syllabus, Top Colleges, Benefits

MBA and MSc are both Masters degree program and are required if you wish to pursue doctorate or any other higher level course in the same field. The MBA and MSc full form is that MBA stands for Masters in Business Administration, while M.Sc stands for Master of Science. They both offer postgraduate level business education. However, there is a huge difference between them, that is, in MBA you may pursue management or higher-level business positions within your organization with having a work experience. However, in MSc you enter a business program with no work experience.

After graduation from your bachelor’s courses, many of you have little idea about the scope of your higher education options. You can ideally pursue a masters degree in the same field as your bachelors, or you can opt for a completely different path and choose another degree that can transform your career path. In such cases, you may wonder whether you should opt for a masters program like MSc or MBA, and between MBA or MSc - which is better suited for your career goals. This article compares MBA vs MSc to help you understand the key difference between MBA and MSc, and help you make the right decision.

MBA vs MSc Difference

MBA is a two-year postgraduate management programme that focuses on human resources, finance, marketing, sales, and customer service administration. The objective of this course is to develop qualified professionals who will be able to manage effectively in today's entrepreneurial environment. 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 in which students study technical and important parts of science's broader applications and industry activity. The M.Sc programme takes two years to complete. The Master of Science programme concentrates on theoretical, scientific, and mathematical topics.

Particulars	MBA	MSc
Full-form	Masters of Business Administration	Masters of Science
Stream	Management	Science
Course Duration	2 years	2 years
Average Fees	INR 3 - 10 LPA	INR 20,000 - 3 LPA
Average Salary	INR 6.56 LPA	INR 7.95 LPA

MBA and MSc Course Overview

In India, an MBA programme lasts two years. An MBA programme aims to teach you a range of business fundamentals, such as marketing, accounting, finance, and economics. The course is designed to provide you with a complete set of business management abilities that will enable you to provide solutions to company problems. The Master of Business Administration programme is designed to mould graduates into entrepreneurs who are capable of addressing real-world business issues and developing innovative solutions. With ongoing infrastructure, agricultural, industrial, and other government initiatives, MBA graduates will have plenty of opportunities. MBA graduates work in a variety of corporate and public sector organisations.

The M.Sc programme takes two years to complete. The curriculum focuses on theoretical, scientific, and mathematical courses to distinguish scientific concepts and prepares you for research possibilities or a wide range of profitable career options. The programme focuses on research in a highly specific field. M.Sc Syllabus is excellent for graduates who are confused about a limited, specialised subject since it covers a broader basis of information and abilities. A Master of Science degree typically involves the submission of a thesis, however, this varies depending on the programme.

MBA vs MSc Eligibility

An MBA programme necessitates a significant amount of commitment, focus, and work. You must meet certain requirements to be admitted to the course, just as you do for any other course.

The following are the requirements for obtaining a full-time MBA:

• At the time of graduation, you must have received a minimum of 50% in any field from a recognised university. There is a 5% relaxation for SC/ST/OBC.
• You must score higher than the colleges' cut-offs on entrance examinations like as the CAT, NMAT, SNAP, XAT, and others.
• Once you are shortlisted for a programme based on these criteria, B-Schools use several methods to choose you, including a group discussion and a personal interview.

Read More on MBA Admission

As MSc is a highly specialised degree, it requires students to have completed their Bachelor’s degree in the same course.

• The ones for the Masters of Science degree must hold a Bachelor's degree in the same field of study, such as a Bachelor of Science [B.Sc].
• According to your qualifying requirements, the cut-off percentage for the M.Sc degree differs from institution to college.
• You must have received at least 55 per cent in their previous certification.

What are the Benefits of Pursuing MBA or MSc

MBA and MSc are 2-year postgraduate programs that help you gain a deeper understanding of your subject and thus create career opportunities that assist you in advancing towards your goals. Let's understand more about the benefits of pursuing these courses.

Benefits of Pursuing MBA

• An MBA provides you with extensive exposure to specialised information in your fields of study.
• The course provides highly specialized knowledge in the fields of finance, marketing, operations, data analytics, etc.
• In addition, this course emphasises practical learning, case discussions, and peer learning, making the knowledge acquired highly beneficial.

Benefits of Pursuing MSc.

• MSc helps you develop your research skills and analytical abilities.
• It allows you dents to pursue your scientific frame of mind in a specialized niche.
• The course also offers great opportunities for graduate students in the public and private sectors.

MBA vs MSc Specializations

MBA provides you with the opportunity to specialize in plenty of fields that offer lucrative job opportunities to graduates. Some of the most preferred specializations of an MBA are:

• MBA Marketing
• MBA Finance
• MBA Operations
• MBA Data Analytics
• MBA International Business
• MBA Healthcare Management
• MBA Human Resource Management

MSc has a vast range of opportunities for you whether you wish to pursue pure or applied sciences. The field provides specializations in many niches which suit the interests of the students.

• MSc Physics
• MSc Chemistry
• MSc Mathematics
• MSc Statistics
• MSc Biotechnology
• MSc Agriculture
• MSc Microbiology
• MSc Biology

MBA vs MSc - Job Opportunities

Because of the abilities learned throughout the MBA programme, jobs in a variety of sectors and essential roles are accessible following graduation. Both government and private organisations in India provide good MBA opportunities. MSc provides graduates with several opportunities to pursue lucrative careers in the fields of research, education, etc

Particulars	MBA	MSc
Domains	Marketing, HR, Finance, Data Analytics, Operations, Supply Chain Management	Space Research, Agriculture Industry, Chemical Industry Geological Survey, Oil Industry, Pharmaceuticals, and Biotechnology Industry
Roles	Product Manager Financial Analyst Marketing Manager Sales Manager Human Resources Manager	Chemist Geneticist Lecturer Marine Geologists Pharmacist Plant Biochemist Taxonomist

MBA vs MSc Salary

MBA is one of the postgraduate programs that provide some of the most lucrative job opportunities for you after graduation. The MBA Salary depends not only on the qualifications but also on previous experience, additional skills and ability to multitask.

Job Role	Salary
Human Resource Generalist	INR 3.7 LPA
Marketing Manager	INR 8.7 LPA
Business Development Manager	INR 7.3 LPA
Product Manager	INR 7.5 LPA

MSc graduates have opportunities in fields of research and development, and M.Sc Salary may vary according to your specializations and job responsibilities.

Role	Salary
Data Scientist	INR 9.7 LPA
Research Scientist	INR 5.89 LPA
Lab Technician	INR 4.78 LPA
Pharmacist	INR 2.56 LPA

MBA and MSc Top Colleges

In courses such as MBA where you rely heavily on faculty and peer learning, it is essential for you to enrol into B-Schools that provide you with the best learning environment and great placement opportunities. Some of the top colleges for MBA are:

• IIM Ahmedabad
• IIM Bangalore
• XLRI
• IIM Lucknow
• FMS
• MDI
• IMT

MSc is a highly practical course, relying on appropriate infrastructure and experienced faculty to help you get the most out of your education. Some of the top colleges for MSc are:

• IISc
• St Xavier's College Kolkata
• Hemwati Nandan Bahuguna Garhwal University
• Fergusson College
• Oxford College of Science
• JNU New Delhi
• Presidency University, Kolkata
• PSG College of Arts and Science
• University of Hyderabad
• St. Joseph's College, Bangalore

MBA and MSc Which is Better?

It's tough to tell which field is more popular and profitable in the current market. With experience and the appropriate career selections, in both fields you may make significant gains in your careers.

Market Demand: As a result of the COVID-19 outbreak, there has been an increase in demand for scientific students to develop and give solutions to a wide range of problems. MBA degrees are also in great demand in the business sector, thanks to the country's recent startup boom.

Employment prospects in the future: Job duties nowadays necessitate market understanding and the capacity to function successfully in a corporate environment. The MBA would be useful if students wanted to work in management in the future. Science is a field that is always growing and changing. Every day, discoveries are made, and the advent of micro and nanotechnology has opened up a slew of new job opportunities for students.

Both courses provide benefits that you may take to your jobs after graduation and utilise to improve certain skills. As a result, you must study both courses carefully and choose the one that best matches your interests.