How MBA is different from Master degree?
A Master of Business Administration (MBA) degree provides students with general business knowledge to prepare you for a variety of leadership positions. This degree can be applied to a variety of industries, including corporate operations, government, education, and healthcare.
Many people choose to pursue an MBA to help advance their career or prepare themselves for management or leadership positions. Because some MBA programs require professional experience, students may also take classes while working.
An MBA typically offers students a wide scope of courses covering
- Finance
- Global and international business
- Leadership
- Management
- Organizational behavior
- Technology
In addition, some MBA programs offer students the ability to select specific concentrations within their program. This allows you to customize your MBA program to better match your interests and career goals. MBA concentration options with Herzing University include:
- Accounting and Finance
- Data Analytics
- Healthcare Management
- Human Resources (HR)
- Project Management
- Technology Management
An MBA can help you obtain higher-level positions, such as manager, director, or executive, and can also help increase your earning potential. Depending on factors such as concentration focus, experience, industry, and geographical location, your earning potential may be even greater.
What is a Master of Science (MS) degree?
A Master of Science (MS) degree, such as a Master of Science in Healthcare Administration, is very specialized and allows students to focus entirely on one particular subject area, while an MBA with that concentration may only feature a few classes. MS degrees often focus more on theory and applied science.
For example, an MBA with a concentration in finance may include courses in accounting or corporate finance, while an MS in Finance may dive deep into:
- Economics
- Mathematics
- Quantitative analysis
- Regulatory requirements
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Because an MS is a more specialized degree, the program may not offer as much flexibility compared to an MBA program. Many MS degree programs are designed to prepare students for specific certifications or exams, so it can be helpful to have a specific career goal in mind when pursuing an MS degree.
