M.S. in Business Administration vs. MBA
Professionals pursue graduate business to increase their earning potential or pursue senior-level roles within their organizations. However, there are a variety of advanced education options to consider. Two common paths for graduate business education have a significant amount of overlap, making it difficult to know which advanced degree offers the best path to achieving your career goals. Read below to learn more about the key differences between Master of Business Administration and M.S. in Business Administration programs.
Difference Between MBA and M.S. in Business Administration
A Master of Business Administration (MBA) is a general business graduate program, while an M.S. in Business Administration (MSBA) focuses more on a specific area of business or a certain industry. Both types of degrees cover topics essential to business management, but they vary in their eligibility requirements, admissions processes, career prospects and curriculum design.
Related content: The Difference between a Master’s in Finance and an MBA
Master of Science in Business Administration vs. MBA – Key Factors
M.S. in Business Administration (MSBA)
- Ideal for those who already have an MBA or wish to pursue a highly specific focus area
- Specialized area of study that includes development of technical research skills
- Opportunity to focus on a certain industry
- Typical MSBA cohort sizes are smaller than their MBA counterparts
Master of Business Administration (MBA)
- Offers long-term flexibility for varied business careers
- Concentrations allow for focused areas of study
- Admissions requirements may include a certain amount of professional work experience
- Maximizes graduate earning potential
MBA – Master of Business Administration
Master of Business Administration (MBA) graduates can find employment in a variety of industries and organizations. MBA programs prioritizes leadership development and typically emphasizes practical application of business knowledge over theoretical or academic exploration.
While many assume that full-time MBA programs take two years to complete, there are accelerated MBA degrees that require less time. For example, students can complete Lynn University’s online MBA in as little as one year.
Many MBA programs allow students to choose a specialization to personalize their experience and degree. If you value the long-term flexibility afforded by an MBA but also have a specific area of interest, an MBA with a relevant specialization offers a balance of broadly applicable business knowledge and specialized expertise.
Lynn University’s Online MBA, for example, offers 10 different specializations including finance, healthcare management, and sports management. Students may decide their MBA concentration upon enrolling or wait to choose a specialization until they’re further along in the program.
M.S. in Business Administration
Graduate students can develop more extensive expertise in a business subject by pursuing an M.S. in Business Administration. MSBA programs offer opportunities to gain research experience and technical knowledge for more specialized employment within a given field.
These programs typically involve between one and two years of study, and many require completion of a master’s thesis. If you have an area of research in mind, this path may prove especially rewarding, as many programs will offer opportunities to conduct advanced research in your area of interest. Individuals may choose to pursue their MSBA while already working in management or organizational leadership.
Professionals who already have an MBA may benefit from also completing an MSBA degree. According to the Graduate Management Admission Council’s 2018 Report, nearly 1 in 5 business school graduates consider an additional graduate management education degree to advance their career prospects and deepen their knowledge and skills.
Master of Science in Business Administration vs. MBA Salary Outlook
The National Association of College and Employers 2018 report shows higher average starting salaries ($69,756) for those holding any variety of business master’s degree compared to professionals with just a bachelor’s ($56,720). While all disciplines within business education offered higher starting salaries when compared to the undergraduate level, MBA graduates, on average, earned the highest starting salary ($78,332) of any discipline reported.
About Lynn’s One Year Online MBA
Lynn University’s online MBA program is designed for working professionals who value the flexibility of online learning and wish to pursue an advanced business degree. With 10 specializations, Lynn’s online MBA offers broad business knowledge while still giving students opportunities to pursue more specific areas of interest, ranging from marketing to healthcare management. Click below to learn about our online MBA specializations.