MBA v/s Masters in Finance
For many students planning a post graduate degree, they often face a dilemma between some business degrees. One such confusion is generally between a Master of Business Administration and Masters in Finance.
This article will help you understand the differences between these two similar yet distinct degrees and help you decide which can be the potential postgraduate degree for you.
An MBA is a professional degree that focuses on developing functional business skills such as accounting, finance, and statistics, etc. and then applying these skills in business applications. Most MBA programs require some work experience prior to enrollment as classmates often learn from one another’s professional experience. MBA programs also emphasize the other skills needed as a manager such as effective communication, negotiation, and collaboration. Many programs do offer concentration areas within the MBA program such as supply chain, finance, and marketing, however these tend to be a small percentage of the course requirements.
On the other hand, specialized degrees like a Master of Science in finance program will focus primarily on advanced financial skills and tends to be more theoretical in nature. Master of Science degrees often require an undergraduate degree in a similar academic area and/or required prerequisite courses.