MSc Business Management Vs MBA

Hello, I want to know the difference between MSc Business Management and MBA course. As I want to join the management course.

[Shaleen]

Hello, here I am providing you the details of the difference between MSc Business Management and MBA course as under:

Age
MIM programs usually do not require professional experience although they are open to young professionals who have been working for some time, mostly up to a year.
MSc average age is 23 years (with a range from 20 to about 27 years) compared to the average age of 27 to 32 in MBA programs.

Experience:
Masters in management can be targeted by students who have just completed their graduation and are looking at continuing their education in the management area.
MBA programs, in contrast, expect students to have some professional experience before they are eligible to apply.

Recognition:
MBAs are often favoured over other business qualifications as they are recognised globally and as such are a branded programme within the world of academia.
MSc builds on the skills gained at undergraduate level. The modules are less vocational than the MBA and students are not required to have any former work experience.

Tuition fees
As for the tuition fees, the Master in Management programs are cheaper than MBA programs. This may have to do with the different target groups: young people who have not yet been able to earn and save much money on the MIM side, and experienced people in or aiming at leadership positions on the MBA side.

Curriculum
Masters in Management (MIM), however, focuses more on the theoretical side of the management field than the MBA.
MBA programs primarily emphasize the practical side. In an MBA program, for instance, you may never ask for the origins of accounting techniques such as the EVA (Economic Value Added, (c) Stern Stewart) but focus only on its appliance.

Reputation
The MBA is the traditional degree for postgraduate studies in management. Therefore, the MBA is still more known among HR managers than the MIM.
MIM programs gain popularity due to their increasing profileration: 83 percent of the institutions that offer MIM programs face an increasing number of applications.