Now that you’ve decided to pursue a Master’s program in business management at WHU, you’re probably considering whether an MSc (Master of Science) or MBA (Master in Business Administration) is right for you. But what’s the difference? We’ve compiled the key distinctions to help find the course that will help you reach your future career goals.
WHU offers the opportunity to gain expert, leading knowledge through three highly-ranked MSc programs – the Master in Management (MiM) to develop existing know-how for a comprehensive and intercultural business skillset, the Master in Finance (MiF) to succeed in the financial world, and the Master in Entrepreneurship (MiE) to bring your entrepreneurial spirit to life.
WHU also offers two MBA Programs – the Part-Time MBA and the Full-Time MBA, providing you with the option to return to full-time study or to balance your learning alongside work. Both MBA programs are developed for young, experienced professionals looking for new knowledge to advance their career.
The MSc and MBA programs are tailored to deliver the latest research, real-world business knowledge, and an international perspective. If you’re interested in general business management, you now have two options – the MiM or the MBA. Both cater for students interested in general business management and at WHU, both programs are highly ranked with the opportunity to gain plenty of practical and international experience. So, how are they different?
One of the key differences between MiM and MBA programs is the level of professional experience gained by students. If you have recently graduated with a BSc in a business related subject or have no more than two years of work experience, then WHU’s MiM Program is for you. Advanced courses across all aspects of business administration such as accounting and marketing, build on your existing knowledge to take your theoretical and practical business understanding even further.
The MBA on the other hand, is for young professionals with more experience. These students have been in the workplace slightly longer with at least two years of experience and typically come from a variety of academic and professional backgrounds. If you’re looking to secure a management position or to change your career, an MBA provides you with the expertise to take your career to the next level.
The difference in professional experience as pre-requisites for both courses naturally means the age group of each class differs too. The average age in WHU’s current MiM class is 23, while in the MBA cohort it is 29.
Graduating from either a MiM or an MBA program stands you in good stead for a successful and fulfilling career. Having expanded your business knowledge both practically and theoretically over the course of a Master's degree, the MiM opens the door to opportunities with the possibility of a more advanced position within management, or provides the foundation for further study in business research.
The MBA qualification is well known to hiring managers and is the typical postgraduate route to a management position for students with or without an academic background in business. The hands-on, real-world experience embedded into the program equips you with the skills to gain advanced job hires after graduation.
Researching your postgraduate journey takes time, but it’s worth the effort to find a program that suits you, your personality, and goals. Find out more about each of WHU’s MSc programs, and don’t hesitate to get in touch if you have any questions – our Master team is here to assist you throughout your postgraduate journey.