Maf or MBA

[pooja]

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I am interested in the field of Finance and for this planning to pursue PG degree searching for courses available. Will you provide basic difference between MSF and MBA degree which is better in terms of career options and program costs so I plan to join any one degree?

[pawan]

A Masters in Finance may also be referred to as Master of Science in Finance (MS in Finance or MSF) or Master of Finance or there may be slight variations.

The Masters program can be completed within 12 to 18 months, so it can serve as a good post-graduate degree for those looking for a cost-effective and quicker option to enter the workforce as a Finance professional.

An MBA from the US would take longer and need two years to complete.

Work experience requirement

You can enroll in some of the MSF program immediately after graduation, which makes it a great option for freshers without experience) though few may have a minimum work experience requirement, however an MBA program applicant would be expected to have at least three to five years of work experience while applying.

Program cost

Doing an MBA from a reputed US university would cost in the range of $100,000 $150,000 in program fees for two years.

To this, you ll need to add the cost of living and other miscellaneous costs as well.

An MSc in Finance would cost much lower as programs may take only a calendar year to complete.

So, the cost of tuition for a year would be much lower and may range approximately from $50,000 $75,000 depending upon the university you plan to attend.

The cost of living (rent, health insurance, food) would also be reduced to half of what you’d have to spend if you were pursuing a two year MBA program.