Learn the differences between these two popular business degrees to figure out which is the right path for you.
Choosing the right graduate program can feel like a major decision. Any time you pursue a new time and financial commitment, it’s reasonable to want to understand how your options might align with your goals.
Both a Master of Business Administration (MBA) and a Master of Science (MS) degree can offer a comprehensive business education, however an MBA will provide more of a big picture, interdepartmental overview, while an MS will provide a more nuanced understanding of one particular area of business.
To help you choose whether an MBA or MS degree is right for you, think about your personal goals in business: What type of career do you want? What job tasks do you enjoy working on? What’s your ideal work environment? What kind of company do you want to work for?
Keep that ideal picture in mind as we move through the differences—and similarities—between MBA and MS degrees.
An MBA is a Master of Business Administration. It is an advanced degree focusing on broad-level business leadership and managerial skills.
MBA programs are slightly different from school to school, but will typically have a combination of core curriculum and elective courses. Through core curriculum, MBA programs will cover a range of foundational business topics, including areas such as:
Students will often have the opportunity to dive deeper into individual topics of interest with elective courses and concentrations. Some potential MBA concentrations may include:
Health care management
With this widespread education, earning an MBA degree can equip you for senior and executive-level positions across many areas of business, and can prime you for leadership positions that oversee multiple departments.
Many students pursue an MBA degree after a few years in the workforce in order to advance their careers. There are full-time and part-time programs, which allow for MBA candidates to continue working while attending school. Depending on the type of program, an MBA will typically take between one and three years to complete.
Some companies that hire the most MBAs include management consulting firms like Bain, BCG, and AT Kearney; tech companies like Amazon, Google, and Microsoft; and accounting firms like EY and Deloitte . For the class of 2019, the median base starting salary (excluding signing bonuses and benefits) of an MBA recipient in the US was projected to be $115,000 , though that number can vary quite a bit depending on the business school attended.
An MS degree, also globally known as an MSc, is a Master of Science. MS degrees can focus on scientific areas of interest, like biology, engineering, or statistics, or they can suggest a scientific approach to social sciences, such as psychology and economics.
MS degrees in business are more likely to align with the latter interpretation. These degrees will typically offer a depth of knowledge in one chosen area of business, such as:
Like MBAs, MS programs will vary by school. MS business programs may incorporate some foundational knowledge across all business sectors, but the bulk of the coursework will concentrate on your chosen field, effectively making MS graduates experts in their particular area of business.
Depending on the program, full-time and part-time enrollment options may be available, and it will typically take between one and two years to earn an MS in business.
This path prepares students for specialized careers within their chosen field. It can serve as a starting point for a career shift or to level-up in a particular sector. Prospective MS students do not necessarily have prior work experience in business.
MS starting salaries vary across disciplines. For the class of 2019, the projected median base starting salary (excluding signing bonuses and benefits) of an MS recipient in the US in the fields analyzed ranged from $75,000 (Accounting) to $85,000 (Finance and Data Analytics) .
Both MBA and MS degrees offer an intimate understanding of the mechanisms that drive business, as well as opportunities to network with future colleagues. An MBA will offer a more general overview, while an MS will provide in-depth knowledge surrounding one key business area.
|Covers a range of topics across all business sectors||Covers one specific area of business in depth|
|Prospective full-time students have a median of three years work experience ||Prospective students tend to have no professional experience and seek their degree straight from an undergraduate program |
|Generally one to three years to complete, depending on the program||Generally one to two years to complete, depending on the program|
|Median starting salary is $115,000 ||Median starting salary is between $75,000 and $85,000, depending on concentration |
For a more specific comparison, take a look at the iMBA and iMSM (Master of Science in Management) programs at University of Illinois Urbana-Champaign’s Gies College of Business, both offered on Coursera.
|Master of Business Administration||Master of Science in Management|
|Total credit hours||72 (18 courses plus 3 capstone projects)||36 (9 courses)|
|Time to complete||2-3 years||About 1 year|
|Required core areas||Leadership and management, managerial economics and business analysis, value chain management, financial management||Marketing, strategic business management, leadership, process management, global business, communicating with data, and finance|
|Specializations||Strategic leadership and management, managerial economics and business analytics, value chain management, financial management, global challenges in business, innovation, digital marketing, business analytics||(Informal) Business value and project management, global business challenges, business data management and communication|
Median starting salaries after completing an MBA are higher than those of an MS, though certain areas of concentration are more lucrative than others. (This salary discrepancy may be due to the fact that most MBA recipients have already spent a few years in the workforce, while most MS recipients have not.) Here are some of the median starting salaries in the US for MBA and MS recipients across disciplines:
|Major||Median starting salary (class of 2019)|
|Business Administration (MBA)||$115,000|
Data from the Graduate Management Admission Council (GMAC)
Holding a dual degree is typically not necessary in order to enter any business field, however some students choose to pursue both their MBA and MS at the same time. They might do this in an effort to make their credentials stand out to potential employers, or because they simply love the subject matter and want to keep learning.
Schools that offer a joint program will recommend different schedules depending on the specific degrees you’re interested in; some will start with MBA classes, while others will begin with MS coursework. You’d need to check with your school to learn the path they recommend.
Since there is usually an additional cost associated with earning a dual degree, the majority of students pursuing a master’s in business will choose either an MBA or MS degree.
In deciding whether an MBA or MS is right for you, revisit your career goals. If you envision yourself as a future leader of an organization at large, perhaps you’ll want to look into MBA programs. If, on the other hand, you see yourself rising to the top of a specific team within an organization, you might want to consider an MS program that aligns with your future team.
As you look into various MBA and MS programs, you might also consider reaching out to friends and colleagues who hold advanced business degrees, or contacting admissions counselors at your school of interest with any questions.
Either way, both MBA and MS degrees can be great options to build a solid foundation that will propel your business career forward. Choosing the right one for you ultimately comes down to your own goals.
Learn more about the different types of business degree programs and begin your education on Coursera. Pursue your degree from anywhere with online classes while gaining the knowledge and skills you need to move forward in your career.
1. Business Because. "Which Companies Hire The Most MBAs?, https://www.businessbecause.com/news/mba-jobs/7095/which-companies-hire-the-most-mbas." Accessed October 13, 2021.
2. Graduate Management Admission Council. "Business School Hiring Report: Corporate Recruiters Survey 2019, https://www.gmac.com/-/media/files/gmac/research/employment-outlook/business-school-hiring-report_corporate-recruiters-survey-2019_may-2019.pdf." Accessed October 13, 2021.
3. Graduate Management Admission Council. "Demand for MBA and Business Master’s Programs: mba.com Prospective Students Survey 2018, https://www.gmac.com/-/media/files/gmac/research/prospective-student-data/2018-mbacom-prospective-students-survey-mba-and-business-masters-demand-may-2018.pdf." Accessed October 13, 2021.
This content has been made available for informational purposes only. Learners are advised to conduct additional research to ensure that courses and other credentials pursued meet their personal, professional, and financial goals.