When it comes to choosing the right management program, students often face the confusion of choosing either a masters or an MBA program. Priyanka Saxena from EGE global sheds some light on the subject.
She explains that for an MBA
program, schools generally require work experience. MBA programs typically demand work experience of 5 or 6 years. These are generally for those who are already in a management position, with a team working under them, and are looking to climb up the corporate ladder. For individuals who fall under this category who know how to manage budgets and people, MBA programs are the right study option.
The Masters in Management
, however, is for freshers and students with no experience in the field. Generally for those who have completed an undergraduate degree and have a year or two of experience, the Masters in Management is the right choice. This will give them ground standing in the area he chooses and is more specific and technical in nature. On completion, students may work in senior positions but these won’t fetch them promotions to top managerial roles. For reaching these kind of positions, Priyanka explains that an MBA is required. After completion of the masters, students are suggested to work and acquire 4- 5 years of experience and then go for an MBA program.
She also tells us that there are MBAs available in Singapore that require no experience. Such MBA programs are offered by MDIS and James Cook University in Singapore and in the UK institutions such as Aberdeen and Cardiff offer such programmes. These however will not be valued as they will not be accredited by bodies such as AMBA, AACSB and EQUIS and fails to serve the purpose of an MBA degree and is just like any other degree.
Priyanka helps us distinguish the difference between the masters in Human resource Management
and an MBA in Human Resource Management
. The former is a more technical degree that is more about organisational structure and detailing on pay roll, and how to manage the team. For the latter, experience of 2-3 years in the HR field is required and it is for individuals who can perform spot analysis, know challenges, and strengths of the field.