Discover the key differences between master’s and MBA studies in this comprehensive guide. 

From costs and prerequisites to methods of learning and career outcomes, there are many differences between master’s and MBA studies.

In this article, we explain what each form of further education involves, the pros and cons of both, and what the key differences are between the two.

If you’re wondering how to further your career by earning an additional qualification, but are unsure which would be most suitable for you, have a read through to help you make this all-important decision. 

What is a master’s? 

A master's degree builds on your existing bachelor's degree, and offers you the chance to dive deeper into a specific field of study. It equips you with advanced theoretical knowledge and practical skills directly relevant to your chosen career path.

A master’s typically takes one to three years to complete, depending on the subject area and how much time you can commit. 

What does a master's unlock for graduates? 

• Career advancement: Earning a master's degree equips you with the knowledge and skills to become a highly sought-after candidate for jobs, opening doors to exciting career opportunities and promotions later down the line. 

• Further studies: Once you’ve gained a master’s degree, you'll be prepared to pursue even more advanced education opportunities such as a Ph.D., if that is something which interests you. 

Read on for the key differences between a master’s and an MBA.

What is an MBA? 

An MBA (Master of Business Administration), is a specialist type of master's degree, with a focus on business and management. An MBA is designed for professionals who want to gain a broad, higher-level understanding of how businesses operate. 

What does an MBA unlock for graduates? 

• Career advancement: An MBA is a highly respected qualification that can open doors to senior management positions and better career opportunities within the business sector. 

• Leadership skills: An MBA helps you develop the skills you need to be a successful leader, such as strategic thinking, decision-making and communication. These kinds of high-level leadership skills ultimately result in more efficient and profitable businesses. 
   

What’s the difference between a master’s and an MBA? 

Whether you’re considering a master’s or an MBA yourself, or are simply curious as to the variations between the two, here are the key differences between a master’s and an MBA you need to know: 

Curriculum and focus  

Perhaps the biggest differentiator between a master’s and MBA is in their focus. MBAs aim to equip students with a high-level understanding of business and management within business. MBAs are designed to prepare students for senior management roles in business. 

Whereas a master’s degree is typically aimed at students who are looking to gain an advanced theoretical knowledge of a specific subject. A master’s degree also opens the door to further education, such as Ph.Ds.

Career outcomes  

A master’s degree generally offers specialised knowledge of a niche area of study, which can lead to advanced career opportunities in highly technical roles which require a specific skillset.  
 
An MBA, on the other hand, equips you with broad business knowledge and leadership skills, making you a strong candidate for management positions across different industries.

Admissions requirements and prerequisites 

A master's degree typically requires a bachelor's degree in a related field, as well as in some cases, specific professional experience relevant to the field of study. 
 
Whereas an MBA generally requires a bachelor's degree in any field, alongside significant professional work experience, related to the field of study and often requires GMAT or GRE scores. MBAs may also require leadership experience, but this will depend on the specific course.

Methods of learning 

In terms of how you’ll learn, master’s degrees usually focus on research-based, theoretical learning, including research projects, seminars and lectures.  
 
MBAs on the other hand, have more of a focus on practical, collaborative, experiential learning, through case studies and group projects, for example. This sort of learning is aimed at developing high-level managerial and leadership skills through real-world scenarios and experience.

Cost and return on investment 

MBAs typically cost more than master’s degrees. On average, a one-year MBA can cost anywhere between £10,000-£15,000, reaching up to £45,000 at some universities. Meanwhile, master's degrees typically cost around £8,000-£10,000, often covered by student loans and funding opportunities.  

 
If you’re keen to learn more, take a look at our master’s or Global MBA course, to see course modules, how you’ll be assessed, entry requirements and ultimately which would be best suited to you.