What is the difference between a MBA and a master's degree in management?

You can basically summarizes the differences between the MBA and Master in management (MIM) by the following key dimensions:

Purpose: With the MIM you begin a career - with the MBA develop you
The general rule is: study you a Master's in Management directly after obtaining your degree or with only little professional experience. However, you start an MBA with a minimum of three years of work experience after your high school. Taking this seriously, the question "Will go for an MBA or a Master's in Management?" is misleading because MBA and MIM are no direct alternative solution. You make a MIM to start a career and you have an MBA to develop or enhance a career.

Demographics: age and professional experience
A full time MBA class has people with experience of work, with an average age of 28 and 32 years. MIM programmes, students are much younger with an average age of about 23 depending on the business school.

Curriculum: more theoretical or practical more?
Masters of Science in management are usually more theoretically-oriented MBA programs. They may also include studies of cases, company projects and vocational guidance services, but the general trend is that MIMs have appropriate theoretical depth. This depth may include statistics or lectures on the theory of management as well as to better understand why we use specific management formulas. In contrast, the MBA is purely practically focused. Nobody cares why we use specific reports or accounting methods, but everyone cares about when and for what purposes we use it. And demography, a MBA program you learn many of the professional experience of your classmates.

Reputation and costs: management of printing has its price
MBA programs are on average much more expensive than the MIM programmes. One of the most expensive MBA full-time programs with 62 000 Euro is available from la London Business School. However, one of the more expensive masters in management is offered the school of commerce of IE with tuition of 29 000 Euro. In addition, MBA may have a more strong than the MIM brand. It is known among HR managers and more related to management positions. However, keep in mind that it is not on one or the other. This is what you have right. If you think you need more qualification to start your career to go to a MIM. If you are already in work and want to develop go further to an MBA.

Keeping these dimensions note should easily find if an MBA or a MIM is the next step for you. For more information about the theme of the MIM and MBA, please have a look at the author resource box.

Thomas graf is the founder of the Master in management Compass, an internet platform with information about the Masters in general management and masters specialized such as the Master of finance management or marketing. The site also provides blogs of students and the reports of experience and information on the rankings, accreditation and Ask an Expert service.

Thomas Graf has more than 11 years of experience at the crossroads of education and career services and worked as Director of business development for career German network e - fellows .net. He holds several sessions of Q & A on the MBA a year and helps people to discover if a respective master makes sense for them or not.

Contact: info@mim-compass.com

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