“If you don’t go after what you want, you’ll never have it. If you don’t ask, the answer is always no. If you don’t step forward, you’re always in the same place.” – Nora Roberts
So you have completed your MSc degree and are now looking for a lucrative job. An MSc degree can open the doors for you in various fields. However, there are many people who want to elevate their careers by climbing the corporate ladder to get leadership roles. According to Edvoy, people with an MBA often earn more than those with an MSc.
If you are one of them, you might consider pursuing an MBA after your MSc degree.
This article will provide you with an overview and the nitty-gritty of this academic path. This will help you to make an informed decision about your future.
First Things First: What is an MBA?
An MBA, that is the Master of Business Administration, is a higher-level degree that teaches you about business & management principles.
It provides you with the knowledge and required skills that are necessary to excel in various business functions like: Finance, Marketing, Operations, and Human Resources.
Can I Pursue an MBA after MSc?
Yes, you can pursue an MBA after MSc. But you need to understand these 2 are different degrees. MSc is about science and research while MBA is a professional course that helps with business and personal growth.
If you have decided to pursue an MBA then the next step is to choose a programme that aligns with your interests and career goals. Here are some factors to consider:
You will find that many MBA programmes offer specialisations in various fields like Finance, Marketing or Healthcare. You have to choose one that aligns with your MSc background, interests and career aspirations.
- Programme Ranking and Reputation:
You must ensure that you go for an MBA programme that is well-recognised not just in India but abroad as well. For this, you can check the various rankings and accreditations received by the university.
You should research the programme’s faculty and their expertise. You should select a college with faculty members who are experts in their respective domains.
- Cost and Scholarships:
Tuition fees for MBA programmes can vary from college to college. You can explore scholarship options to make your education more affordable.
Why Pursue an MBA after an MSc?
An MBA is a higher-level degree which can help you to build management and business skills. It is a great choice if you are looking to advance in your career. An MBA covers areas like Marketing, Finance, Operations and Management. It presents you with a chance to open up newer avenues in terms of job opportunities and broaden your skill set. It provides you with the practical skills that are required by employers to get any leadership role.
There are many reasons to pursue an MBA degree after the MSc degree:
1. Career Advancement
An MBA degree will take your career to the next level. It will equip you with leadership and decision-making skills. It will make you a strong candidate for senior management positions.
2. Increased Salary Potential
After earning an MBA degree, you will reach a new potential of earning. As already mentioned, in a Study which was published by Edvoy, It has been noticed that MBA graduates get significantly higher salaries than their non-MBA counterparts.
This is particularly true for people with MSc degrees. Thus, it will be wise to go for a management degree after MSc like an MBA in Healthcare or an MBA in Data Analytics.
3. Broader Job Opportunities
An MBA is going to increase the chances to expand the range of career options. You have the MSc knowledge. If we combine it with business acumen, This will make you a valuable asset across various industries.
4. Networking Opportunities
People from diverse backgrounds join the MBA programmes. Thus, you will get many opportunities to connect with like-minded people. This provides you with excellent networking opportunities.
Top MBA Specializations for MSc Graduates
As you have completed your graduation with an MSc, you have numerous specialisation options available to choose from:
Eligibility Criteria for MBA
If you are planning to go for an MBA after earning an MSc degree then you are not alone. MBA after Msc degree is a popular choice. However, there are a few eligibility criteria that you need to fulfil, such as:
A graduation degree is required from a recognised university with a minimum of 50% marks. The minimum marks requirement may change depending on the particular university.
- Entrance Examination:
You have to pass a national or state-level entrance exam like CAT, XAT, MAT, NMAT, GMAT, IPMAT, etc. Some universities may have their own entrance exams. You can qualify through either the specified exams or the university’s own entrance exam.
- Work Experience:
While most universities do not need work experience for MBA admission, however, some of the universities might ask for relevant work experience.
- Interview & Presentation:
The final step is the personal interview. Some universities may request a short presentation or your participation in a group discussion.
Top College for MBA after MSc?
When you are picking any MBA course, you should choose it carefully. The reputation of your college will be remembered with your MBA degree forever.
In essence, your B-School choice will shape your entire career. Here are some great MBA colleges you can think about after finishing your MSc.
|Top MBA Colleges in India
|NIRF Rank (Management Category)
|Department of Management Studies, IIT Delhi
|Indian Institute of Management, Mumbai
Online MBA after Msc
If You have got your Master’s degree in Science (MSc) and are currently employed, you can advance your career with an Online MBA. Do not worry about your current profession as you have the option to study online.
Here are some best colleges for an Online MBA:
|INR 1,79,000 (full course)
|Dr. D.Y. Patil Vidyapeeth, Pune
|1,40,200 (full course)
|91,000 (full course)
|1,66,000 – 6,00,000 (full course)
|1,50,000 – 2,61,000 (full course)
|1,50,000 (full course)
MBA after MSc Career Scope
You will find many industries where you can get a job where you can utilise the knowledge and skills gained from both your MBA and BSc degrees. Here are some top positions along with their corresponding salaries:
|Annual Salary Package
|Supply Chain Manager
|Pharmaceutical Product Manager
|Risk Management Director
|Real Estate Development Manager
|Corporate Auditing Director
Going for an MBA after your MSc can help speed up your career progress. But before deciding, think about why you want to do it, what you want to achieve, and what resources you have. Remember, an MBA is an investment in your future. Make sure you are prepared to reap the rewards!
Aayushi is an avid reader, writer and travel enthusiast. She has been working as a Content Creator for 8 years and has been employed in the Education industry for the last two years. She has worked in multiple niches. She is always looking for opportunities to learn new things and grow; and wants to contribute maximum to the cause of education, upholding the Sustainable Development Goal 4.