Business School or University? When you finish high school there is only one thought that goes through your mind; university life. These years will define you as a person and possibly shape your adult life. It is nothing like high school, and everyone has a different experience. University friends are for life, teachers are inspiring and lovers can easily turn into a husband or wife.
Until all of that happens, you have to decide where to attend university, what you would like to study and if that is the career you want to fulfil for the majority of your life. Those are some big life questions no 18 years old wants to be responsible for at such a young age. It is ok to not know what you want in life just as much as it is ok to change your career. Keep in mind that when you decide to follow a specific type of college programme or school you will need to have those questions answered. Also, life is a continuous learning process so do not ever think that learning stops after you officially finish school and have your degree.
Here at EDUopinions, we decided to help you figure out what it means to attend university or a business school. What are the differences you need to know about and why would you choose one over the other. We have gathered all the information you need to know before making any decision. So business school vs university, which one?
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Defining Business School/University
To begin with, we will define the two terms. A Business School is a university-level institution that offers degrees in business administration and management. They specialize in all steps and aspects of the business world. Their courses and programmes can vary from legal terms, marketing, strategy, history of business, research, statistics, planning or negotiation. They can also be found under the name of the school of management, school of business administration, biz school or b-school.
On the other hand, a university or college institution is a 3 or 4-year undergraduate programme that offers courses and specialisation in different subjects or areas. After finishing university or college you get an undergraduate degree or bachelors degree and often leaves space for you to further specialise in a masters degree.
Best Business Schools
London Business School
IESE Business School
ESSEC Business School
INSEAD Business School
Copenhagen Business School
Maastricht Business School
EU Business School
These are some of the best and most notable business schools: London Business School, IESE Business School, ESSEC Business School, INSEAD, Copenhagen Business School, Maastricht Business School or EU Business School. These are mostly found in Europe, but business schools can be found all over the world. Take notice that if you are an undergraduate you can always apply to an MBA programme at any university or business school.
An MBA is a masters degree in business administration and management. The programme offers core courses that cover various areas of business such as accounting, applied statistics, business communication, business ethics, business law, finance, entrepreneurship, marketing and operations in a manner most relevant to management analysis and strategy. A full-time MBA programme normally takes place over two academic years and the degree you receive after finishing the course is called an MBA degree.
Having an MBA degree qualifies you to do the following jobs: business analyst or strategist, business development analyst, associate, or manager, director (of a department), entrepreneur/founder, financial analyst, management consultant, marketing associate, analyst, or manager, portfolio manager, project, product, or programme manager, operations analyst, associate, or manager. MBA graduates can also offer consultancy and specialised advice to young business owners and product developers. These jobs are well paid and often require data and research work.
Business At University
Most universities offer business programmes or have business schools as a subsidiary faculty under their umbrella. Harvard and Stanford have business schools, Cambridge and Oxford too and pretty much all universities that are not specialised in medicine, technical studies, or architecture.
University of Cambridge
University of Oxford
Rankings in this field vary from publication to publication. You can choose your university based on international tops, personal preference or reputation. If you want more information about how to choose your university, check out our blog here.
Similarities & Differences
Since we are talking about business schools vs universities we will highlight a few aspects people often forget when they ask the question ‘why study at a business school or university?’ to make it clear:
- A business school is just as good and accredited as much as a university, it is just more specialised
- They both offer business courses for both bachelor and masters degree levels
- They both have admissions and often taxes that students have to pay
- After graduating from business school or university you are qualified to do the jobs in that field or even outside of it
The main difference between business schools and universities is in the nomenclature most of the time. They offer the same information but the most important and famous names will weigh more in your CV rather than your average business management bachelor programme. It is often expensive to study at a prestigious school but it will pay off in the end, just like any other hard work or sacrifice. Another key factor that needs to be taken into consideration is that business is a widely spread term, where often experience is more important than studies. There is so much to know about business that niches are becoming more and more relevant. And since business and economics are like brother and sister, when an economic crisis hits, business is the first to feel the kick.
So, Business School or University?
Business Schools are often the place where you get a ‘tease.’ They will open the door for you into that subject or industry but you are the one responsible to make the most out of it, read all the news, the main authors, and be up to date with the new technologies and tools. As mentioned in the beginning, learning never stops and self-improvement is nowadays a virtue. Those who know everything will be the leaders of tomorrow.