An MBA is not the same as a specialized master’s degree. In order to remain relevant to the demands of the job market, it is necessary not to settle for an undergraduate degree, but to continue preparing academically. Do you know the difference between an MBA and a specialized master’s degree? Find out in the following note from Universia.
MBA vs. Specialized Master’s Degree
In an interview with the Semana Económica website, Yuri Mendoza, industrial relations manager at Antamina, explains his perception of the differences between an MBA and a specialized master’s degree. “In the first instance, a specialized master’s degree offers the participants more specific knowledge to put into practice in the area where they work. The MBA, on the other hand, offers a wider range of knowledge, many subjects of little depth. This is not ideal for the person who wants to stay and enhance their skills within their area.
According to Fausto García, former academic director of the MBA of the IAE Business School of Argentina, specialized master’s degrees emerge as a natural process. The maturity of the market requires programmes to differentiate themselves, offering an increasingly high level of specificity.
Until recently, MBAs were only available as programmes designed to train executives trained in business management. However, the evolution of the market itself requires more specific specializations, executives with specific backgrounds.
MBAs are programs that offer professionals the necessary support to lead organizations, and therefore enjoy a higher level of management prestige than other programs.
How does specialization work?
To better understand specialization, we will take the area of human resources as an example. Within this area, there are graduates such as labour relations, internal communication or coaching. However, according to Mendoza, the master’s degrees offer a “holistic view” of the entire area of human resources.
What does an MBA offer you?
This degree is in high demand by employers around the world.
It’s something you can be sure of, from doing economic analysis to fieldwork, an MBA will get you through as much as working.
You can learn techniques to lead and direct different types of projects, here you will learn how to make directives and make sure that they are fulfilled.
Contacts – Contacts
This is perhaps one of the most particular benefits of this postgraduate course. Not only in the classrooms you will find future business leaders and managers, but also many MBAs will present you with different authorities from the business world and graduate with a broad and solid portfolio of contacts.
What does a master’s degree offer you?
Specialization – Specialization
It will allow you to focus your studies on a specific branch of knowledge.
Employability – Employability
It will increase your chances of being hired and getting better pay for your work.
For many, mastery represents the possibility of changing focus. A doctor can pursue an MBA or a master’s degree in administration if he or she wants to work in hospital management, for example.