How to Decide Between an MBA, Master’s, or Both?

There are many choices when it comes to studying at business school. The following infographic uses survey findings to display the main differences between an MBA and specialized master’s, and why it can make sense to get both. 

Download now: Infographic: MBA Master or Both?

MBA and master’s programs vary in their subject matter, learning outcomes, and skill development, leading to different experiences and career prospects.

An MBA is a generalized degree, covering the fundamentals of business and management, from leadership to strategy. MBAs are typically targeted toward professionals with several years of experience, either looking to enhance their career, enter management roles, or pursue a different path.

MBA graduates can expect good career prospects, often securing roles in mid-to-senior level management at corporates, as well as a salary boost. MBA specializations are also available, enabling students to refine their skills and knowledge in key areas such as international business, consulting, entrepreneurship, and business analytics. 

Full-time MBA programs typically last two years in the US and can be completed in more accelerated time frames in other regions. Studying full-time requires students to take time out of their careers to study—however, part-time, online, and hybrid programs are also widely offered.

Generalized master’s programs, such as a Master in Management, are also available and cover similar topics as an MBA. Other business master’s, such as a Master in Finance, Master in Accounting, or Master in Marketing, are more specialized towards specific interests and career paths. 

Master’s programs typically attract early-career candidates, often targeting recent graduates and professionals with one to two years of experience. At an early-career stage, master’s graduates can expect to land entry-level roles in their target industries, though the skills and experience gained through studying are likely to result in opportunities for career progression.

However, it’s also possible to study both an MBA and a business master’s, and this can be beneficial to some. If you already have an MBA, studying a specialized business master’s may lead to more functional leadership positions, allow you to refine your skills in specific areas of business, or even start a new business.

For those who already hold a business master’s, studying an MBA may result in career progression to leadership roles, allow you to gain additional career credentials, and open opportunities to transition to different industries.

The infographic below highlights the key differences between an MBA and a master's degree, as well as the reasons you might choose one, the other, or both.

Download now: Infographic: MBA Master or Both?