MBA v/s Masters in Economics
A lot of people confuse an MBA and Masters in Economics degree assuming them to be similar or overlapping, however, there are quite distinct.
To begin with, it can be said that the Masters in Economics is a more research based and theoretical degree that MBA, which is focused on application of economic and business theories in the real world.
An MBA degree offers more of a buffet style business education comprising of Marketing, Human Resources, Finance, Supply chain management. Along with such an array of applied business courses, MBA also involves hands-on courses, presentations and other practical activities.
On the other hand, a Master in Economics degree provides specific training in economic theory, econometrics or applied economics. Unlike, an MBA program, the core topics of study in Master in Economics revolve around Macroeconomics, Microeconomics and Econometrics. The degree trains students to research-collect, interpret and analyse data for a specific purpose.
The canvas of an MBA education is vast and offers education in various disciplines and requires students have good quantitative analysis and critical thinking skills. Masters in Economics requires students to have solid math ability as the course uses calculus and other mathematical tools to focus on the research works during the course of study.