MBA vs MSC – What are the Differences and Which Degree Should I Get

MBA vs MSC - What are the Differences and Which Degree Should I Get

Both MBA and MSC are very popular post-graduate degrees for undergraduate students. Here, MBA stands for Master of Business Administration and MSC stands for Master of Science. MBA is a business-related degree while MSC is a science-related degree. MBA and MSC have huge demand in the job sector but they have significant differences. MBA is a management degree while MSC is a technical degree. An MBA degree mostly focuses on business courses while an MSC degree focuses on the technical, and theoretical parts of a specific subject.

What is MBA?

According to Find-MBA.Com

“The Master of Business Administration (MBA) is an internationally-recognized graduate-level degree that develops the skills required for careers in business and management. An MBA degree is a program usually taken by candidates with at least a few years of professional experience who are looking to accelerate their careers or switch roles in a new function, industry, or geography (or all three). Successfully completing an MBA can lead to a major salary boost and a massively expanded network of professional contacts.”

This degree was first introduced in the USA in the early 20th century and it is an internationally-recognized postgraduate degree. An individual with an MBA degree will have theoretical and practical knowledge of various business methods. Moreover, he/she will have a clear idea about general business management functions.

What is MBA?

What is MSC?

According to Wikipedia

“A Master of Science is a master’s degree in the field of science awarded by universities in many countries or a person holding such a degree. In contrast to the Master of Arts degree, the Master of Science degree is typically granted for studies in sciences, engineering, and medicine and is usually for programs that are more focused on scientific and mathematical subjects; however, different universities have different conventions and may also offer the degree for fields typically considered within the humanities and social sciences.”

If you pursue an MSC degree then you have to focus on a specific area of interest in detail. Depending on the subject you choose, you have to choose courses that consist of individual modules related to the chosen subject. An MSC degree program usually includes these subjects –

  • Astrophysics
  • Cyber security
  • Data Science
  • Electrical engineering
  • Mechanical engineering
  • Chemical engineering
  • Robotics engineering
  • Finance
  • Forensic psychology
  • Nutrition
  • International relations
  • IT security
  • Management
  • Marine biology 
What is MSC?

The difference in the Career Option between MBA and MSC

Career Option in MBACareer Option in MSC
Business analyst or strategist
Business development analyst, associate, or manager
Market research analyst
Managing Director (of a department)
Investment banker
Entrepreneur/founder
Financial analyst, associate, or manager
Management consultant
Marketing associate, analyst, or manager
Portfolio manager
Healthcare administrator, analyst, or manager
Project analyst or strategist
Product analyst, associate, or manager
Program analyst, associate, or manager
Operations analyst, associate, or manager
Chemist
Marine biologist
Financial analyst
Research Assistant
Software Engineer
App Developer
Laboratory technician
Food and Drug Inspector
Professor
Biochemist
Information security analyst
Ecologist
Quality manager
Data scientist
Systems Administrator
Database Administrator

Comparison between MBA and MSC

FactorsMBAMSC
Type of DegreePost GraduatePost Graduate
Eligibility RequirementGraduation in any disciplineGraduation in science background like B.Sc., Diploma, etc.
Qualifying ExamGMATGRE
Main SubjectsAccounting, Finance, Marketing, Banking, Human Resource ManagementPhysics, Chemistry, Mathematics, Biology, Microbiology, Numeral Analysis, Geometry of Numbers, Physical Chemistry, Quantum Mechanics, etc.
Duration2 yearsAt least 2 years
Average Cost (Per Year)$45,432$21,412
Work ExperienceDepends on the company (2 – 4 years)At least 2 years
Top International DestinationsUSAUSA

Key Differences between MBA and MSC

MBAMSC
MBA stands for Master of Business AdministrationMSC stands for Master of Science
MBA refers to a business degreeMSC is a Science degree
MBA was introduced in the early 20th centuryMSC was first introduced at the University of Michigan in 1858
The core subjects of the MBA are business related like accounting, Finance, etc.The core subjects of MSC are Physics, Chemistry, Mathematics, Biology, etc.
An MBA degree offers more job opportunitiesThe job sector of MSC is not broad in the business industry
Compared to MSC, an MBA degree requires less time to completeMSC degree requires more time to complete
The average starting maiden salary of an MBA degree holder is $115,000The average starting maiden salary of an MSC degree holder is $73,900

Comparison of State wise Salary between MBA and MSC Degree Holders

Name of the StateMBA DegreeMSC Degree
Annual SalaryMonthly PayWeekly PayHourly WageAnnual SalaryMonthly PayWeekly PayHourly Wage
Washington New York California Idaho New Hampshire Vermont Massachusetts Maine New Jersey Hawaii Nevada Arizona Wyoming Tennessee Connecticut Montana Rhode Island Alaska Texas Minnesota Indiana Oregon West Virginia North Dakota Maryland Pennsylvania Virginia Wisconsin Ohio Nebraska South Dakota Iowa Delaware Utah Colorado South Carolina Alabama New Mexico Arkansas Kansas Oklahoma Florida Michigan Mississippi Kentucky Illinois Missouri Georgia Louisiana North Carolina$93,943 $88,138 $84,819 $84,348 $83,317 $81,300 $79,786 $79,041 $78,689 $78,272 $77,686 $77,180 $76,941 $76,565 $76,080 $75,585 $75,414 $75,171 $75,036 $74,933 $74,830 $74,293 $74,070 $73,579 $73,074 $72,709 $71,854 $71,095 $70,696 $70,152 $69,959 $69,684 $69,532 $69,511 $69,179 $68,366 $68,309 $67,813 $67,242 $67,018 $66,251 $66,205 $65,383 $65,327 $65,094 $63,494 $63,165 $61,728 $59,992 $57,626$7,828 $7,344 $7,068 $7,029 $6,943 $6,775 $6,648 $6,586 $6,557 $6,522 $6,473 $6,431 $6,411 $6,380 $6,340 $6,298 $6,284 $6,264 $6,253 $6,244 $6,235 $6,191 $6,172 $6,131 $6,089 $6,059 $5,987 $5,924 $5,891 $5,846 $5,829 $5,807 $5,794 $5,792 $5,764 $5,697 $5,692 $5,651 $5,603 $5,584 $5,520 $5,517 $5,448 $5,443 $5,424 $5,291 $5,263 $5,144 $4,999 $4,802$1,806 $1,694 $1,631 $1,622 $1,602 $1,563 $1,534 $1,520 $1,513 $1,505 $1,493 $1,484 $1,479 $1,472 $1,463 $1,453 $1,450 $1,445 $1,443 $1,441 $1,439 $1,428 $1,424 $1,414 $1,405 $1,398 $1,381 $1,367 $1,359 $1,349 $1,345 $1,340 $1,337 $1,336 $1,330 $1,314 $1,313 $1,304 $1,293 $1,288 $1,274 $1,273 $1,257 $1,256 $1,251 $1,221 $1,214 $1,187 $1,153 $1,108$45.16 $42.37 $40.78 $40.55 $40.06 $39.09 $38.36 $38.00 $37.83 $37.63 $37.35 $37.11 $36.99 $36.81 $36.58 $36.34 $36.26 $36.14 $36.08 $36.03 $35.98 $35.72 $35.61 $35.37 $35.13 $34.96 $34.55 $34.18 $33.99 $33.73 $33.63 $33.50 $33.43 $33.42 $33.26 $32.87 $32.84 $32.60 $32.33 $32.22 $31.85 $31.83 $31.43 $31.41 $31.30 $30.53 $30.37 $29.68 $28.84 $27.70$72,485 $70,856 $66,908 $66,788 $66,458 $66,387 $65,422 $65,290 $65,158 $64,651 $86,475 $83,149 $65,763 $60,843 $59,185 $59,631 $57,417 $57,343 $54,625 $54,241 $51,402 $50,862 $50,747 $50,288 $49,619 $68,635 $68,502 $59,602 $49,017 $48,188 $65,158 $63,501 $62,961 $61,820 $61,556 $60,808 $60,675 $59,909 $59,221 $59,023 $98,684 $91,415 $67,443 $66,926 $64,806 $81,389 $75,417 $55,633 $55,220 $53,460$6,040 $5,904 $5,575 $5,565 $5,538 $5,532 $5,451 $5,440 $5,429 $5,387 $7,206 $6,929 $5,480 $5,070 $4,932 $4,969 $4,784 $4,778 $4,552 $4,520 $4,283 $4,238 $4,228 $4,190 $4,134 $5,719 $5,708 $4,966 $4,084 $4,015 $5,429 $5,291 $5,246 $5,151 $5,129 $5,067 $5,056 $4,992 $4,935 $4,918 $8,223 $7,617 $5,620 $5,577 $5,400 $6,782 $6,284 $4,636 $4,601 $4,455$1,393 $1,362 $1,286 $1,284 $1,278 $1,276 $1,258 $1,255 $1,253 $1,243 $1,662 $1,599 $1,264 $1,170 $1,138 $1,146 $1,104 $1,102 $1,050 $1,043 $988 $978 $975 $967 $954 $1,319 $1,317 $1,146 $942 $926 $1,253 $1,221 $1,210 $1,188 $1,183 $1,169 $1,166 $1,152 $1,138 $1,135 $1,897 $1,757 $1,296 $1,287 $1,246 $1,565 $1,450 $1,069 $1,061 $1,028$34.85 $34.07 $32.17 $32.11 $31.95 $31.92 $31.45 $31.39 $31.33 $31.08 $41.57 $39.98 $31.62 $29.25 $28.45 $28.67 $27.60 $27.57 $26.26 $26.08 $24.71 $24.45 $24.40 $24.18 $23.86 $33.00 $32.93 $28.65 $23.57 $23.17 $31.33 $30.53 $30.27 $29.72 $29.59 $29.23 $29.17 $28.80 $28.47 $28.38 $47.44 $43.95 $32.42 $32.18 $31.16 $39.13 $36.26 $26.75 $26.55 $25.70

Which Degree is Better: MBA or MSC

MBA and MSC are two very popular postgraduate degrees. Students often find themselves in a dilemma when choosing a post-graduate degree from MBA and MSC. Well, which degree will be best for you depends on quite a few things like –

  • Your previous educational history
  • Your current job
  • Your future goal
  • Your preference: Practical education or bookish education, etc.

If you are from a science background then MSC will be the right choice for you. But, if your current job requires you to have good command over various business or management-related methods then you have to opt for MBA. On the other hand, if you are from a business background and if your current job requires a higher business degree to boost your career growth then you should choose MBA over MSC!

10 Highest Paying Jobs for MBA Graduates

Name of the PositionAverage Salary
Chief Executive Officer
Vice President, Operations
General Manager
Firm Associate
Financial Director
Financial Controller
Senior Product Manager
Senior Project Manager
Management Consultant
Investment Banker
$157,000
$135,000
$138,000
$147,000
$123,000
$100,000
$140,000
$125,000
$130,000
$125,000

10 Highest Paying Jobs for MSC Graduates

Name of the PositionAverage Salary
Engineering Manager
Pharmacist
Petroleum Geologist
Data Analyst
Cyber security Engineer
Physician Assistant
Nuclear Engineer
Software Engineer
Aerospace Engineer
Operations and Supply Chain Manager
$115,204
$112,999
$109,740
$95,988
$95,021
$94,243
$86,939
$84,009
$82,724
$81,412

References:

https://uk.indeed.com/career-advice/career-development/msc-vs-mba

https://www.ziprecruiter.com/Salaries/MSC-Salary

Last Updated on December 25, 2023 by Magalie D.

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