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An MBA or MSc – Which One Is Best For You?

It’s a crucial time after your Bachelor’s. Do you start working? Should you take up another course? Should you look for an internship? Is Master’s a good option? Lots of different questions like these will be going through your mind. It is an important milestone in your life and what you choose here could affect the rest of your life. 

If you’ve decided to take up a Master’s after your BSc but are unsure about which one to take, this article is for you. It will help you understand the distinction between an MBA and an MSc degree and which one is best for you. 

There are oceans of MBA and MSc degrees offering specializations in a variety of fields. On the surface, all these degrees look the same and you may not feel there’s any difference between any of them but when you look closer, the differences are quite glaring. 

1. Specialization vs. Generalization

The main difference between an MBA and an MSc degree is the level of specialization involved. With an MSc degree, you will dive right into the specialization of your choice. It deals with one particular subject of your interest. An MBA degree, on the other hand, offers a broader perspective of business. You will learn the fundamentals of business, including finance, operations, administration, law, etc. in the first year. In the second year, you’ll get into the nitty-gritty of your preferred industry. 

2. Management vs. Business

An MSc program mainly focuses on topics related to the management aspects of your chosen specialization. But to understand a business completely, you need to know about every single area of work. With an MBA program, your main focus will be on the business side of things, involving different sectors and domains. 

3.  Enhanced Knowledge vs. Expanded Opportunities

MSc is an advancement course that serves to enhance the knowledge you’ve gained in your Bachelor’s. This means, both your undergraduate and postgraduate degrees will be the same. However, you can opt for an MBA, irrespective of your undergraduate degree. An MBA degree will fast-track your career growth by equipping you with both practical skills and knowledge required to operate a business effectively. Additionally, there is a significant expansion of your professional network as you will be interacting with different teams. 

4. Inexperience vs. Experience 

One of the major differences between an MSc and an MBA degree is the experience of the applicants. MSc aspirants are typically recent graduates with minimal to no work experience. For an MBA, colleges usually put work experience as a prerequisite for applying. As such, most of the MBA aspirants have about 2–4 years of experience before they take up the program. 

5. Theory vs. Practice

While the emphasis nowadays is more on practical skills, India still suffers from the pursuit of traditional rote education. Classroom teaching and standardized tests still take precedence over practical learning. Many Master’s degrees follow this pattern of teaching, where practical knowledge is not part of the curriculum or sprinkled a pinch here and there. And this is because degrees such as MSc are pursued to gain knowledge about the subject rather than apply it in real-time. MBAs rely mainly on practical projects as the applications outweigh the theoretical aspects of the degree. 

6. Entry-level Jobs vs. Executive Jobs

Even if you have a Master’s degree, there is no guarantee that you’ll get an executive-level job immediately. Most degrees such as MSc help you get into your specialized industry rather than push your career forward. An MBA will secure you high-paying jobs mainly as one of the common prerequisites is having work experience. You enter the workspace with better networks as well and therefore, can move up ranks faster. 

A common analogy used to compare these degrees is that of an airplane ticket where MSc is an  Economy Class ticket and MBA is a Business Class ticket. Both degrees get you to the same destination, but how they get you there and the benefits they offer matter. 

To conclude, an MBA degree is the right fit when you are looking for higher gains, i.e. better career opportunities and networks. That’s not to say an MSc won’t do the same, but the gains are much lesser. An MBA will equip you with more practical skills for an evolving workplace and it’s best suited if you are looking at opportunities at a global level. 

The management courses at MBA ESG will prepare you for a global career. You can opt for a specialization in Sports Management, Luxury Management, or Hospitality Management.

Testimonial: Marie, Student, MBA in Hospitality Management

Before joining MBA ESG, Marie had a Bachelor in Hospitality. Following several professional experiences in various hotel services, she decided to join the MBA ESG to continue to deepen her knowledge in this area. She also talks about her passion: Underwater Hockey!

“I had several professional experiences in different hotel services. I was fortunate to work in catering, reception, housekeeping and I was a commercial intern for the company CMT (C’est mon tour – Accommodation Specialist from the artistic world). Then, I wanted to go further than my Bachelor, by joining the MBA ESG. I wanted to benefit from a work-study program (1 week of course, 3 weeks in business), to allow me to work, in England, in Amsterdam, where I live and to study in Paris.  I would like to work in the “Sales & Marketing” department of a hotel or a company related to the hotel and tourism industry.”

“I also have a passion: Underwater Hockey! It is a sport played by snorkelling in a pool. Two teams of 6 players are opposed during matches of 2 hours 15 minutes. We use fins, caps (like at Water Polo), masks, snorkels, silicone gloves (against friction on the pool floor), a stick, a puck that weighs about 1.3 kg, and goals at the bottom of the pool which measures 3 meters deep.”

“I have been playing hockey for 13 years. My French club is that of Pontoise and my Dutch club GOV. I am part of the Pontoise women’s team which participates in the French women’s championships in division 1. I was part of the French women’s under-19 team, which, in 2015, won a bronze medal. Subsequently, I joined the under-24 team. In 2019, we obtained the silver medal. In the Netherlands, I play in the women’s and men’s divisions 1 (because women are allowed in men’s teams).”

“I manage to reconcile this passion with my studies, in particular, thanks to the work-study program available. I have the possibility of training in my two clubs. The school is very attentive to my professional career but also sports and allows me to adapt my planning accordingly. With a little organization, I can manage everything!”

This article was translated from French. Read the original article here.

Tourism, A Sector That Offers Diverse Opportunities

Receptive tourism is a strong lever for boosting the French tourist in foreign markets, according to a recent study conducted by DGCIS (Directorate General for Competitiveness of Industry and Services).

The Receptive (réceptif) is a full-fledged job in tourism but do you know exactly what it is? This term, which is also used as “incoming agency”, refers to a person or a private agency that takes charge of tour operators’ customers at their holiday location.

The main services of the receptive are:

  • Designing tour programs for tourists
  • Booking hotel rooms, restaurants, shows, guides, transportation or paid activities
  • Controlling the smooth running of services scheduled by tourists
  • Providing practical information to tourists about the traditions and customs of the country, the inhabitants or the cities in general

To summarize, a receptive is the guarantor of the smooth conduct of the stay of tourists. They are very important because they bring added value, thanks to their knowledge of the territory and service providers. A receptive knows well the expectations and the needs of customers and takes care of the resolution of any possible problem concerning the organization of a stay.

The job of receptive requires qualities and knowledge that you can acquire by choosing an MBA in Hospitality Management. This training guarantees you the development of the skills required to face different requirements of the tourism sector.

In addition, it should be noted that the profitability of companies specializing in receptive activity is better than that of tour operators or distribution agencies. There are many travel agencies carrying out a receptive activity in addition to their main distribution activity, however, major tourism companies have not or invested little in this service.

This article was translated from French. You can read the original article here