Should you do an MSc or an MBA?

Much like the choice between economy and business class flights, both degrees can get you to the same destination. So what's the difference?

by Dr Dimitrios Tsivrikos

As an academic and businessman in the field of business psychology, I’m often asked, ‘Dimitrios, which type of postgrad degree is better, an MSc or an MBA?’

An apt analogy is to think of the degree as an airplane ticket, with enhanced career prospects the final destination. A Master of Science (MSc) is an economy class ticket, while a Master of Business Administration (MBA) is a business class one.

So the first big difference is the cost. An MSc at Oxford, for example, can cost around £31,000, while an MBA at Oxford will set you back up to £52,000. In return an MBA offers better global recognition as a qualification, and, due to generally being taken later in one’s career, the opportunity to create a higher-status network of peers.

Sign in to continue

Sign in

Trouble signing in?

Reset password: Click here

Email: mtsupport@haymarket.com

Call: 020 8267 8121

Register

FREE

  • Up to 4 free articles a month
  • Free email bulletins

Register Now

Become a subscriber

From £66 a quarter

  • Full access to managementtoday.co.uk
  • Exclusive event discounts
  • Management Today's print magazine
  • Plus lots more, including our State of the Industry Report.

Choose a Package