Are you determined to study Business? Are you undecided between a Business and Management School? In the next few paragraphs, EDUopinions is going to talk about the differences between business studies and management studies, as well as comparing Business School vs Management School.
What is the difference between a management school and business school?
Traditionally, a Business School is an institute which offers only management courses. According to Andreas Kaplan, Business Schools are “educational institutions that specialize in teaching courses and programmes related to Business and/or Management”.
Examples of Business Schools are London Business School, EU Business School, GBSB Global Business School, Montpellier Business School, and Porto Business School.
Whereas, a Management School (or School of Management) is an institute or college which offers traditional management programmes from universities. These institutes also offer other programmes such as a Bachelors in Commerce (B.Com), Bachelors in Tech (B.Tech) and other such specialised programmes which might not be directly related to management. The main difference is also that the majority of the resources like the campus, faculty, and infrastructure, are shared among all the students pursuing different courses.
Examples of Management Schools are ESMT Berlin, IESEG School of Management, Barcelona School of Management, Nova IMS, and Antwerp School of Management.
Should you opt for a business school or a management school?
If you want to opt for a business course then it is better to opt for a business school as it is a specialised school for business studies. Whereas a management school has a lot of other courses as well and the studies might not be specialised.
However, there are a few things to keep in mind when choosing between the two. The first is that the fees of a business school will always be higher than a management school. The second is that business schools have a tough selection process compared to other non-specialised universities
However, if you get through a business school, be sure that you will get the best education there is as the syllabus, faculty, and students, will always be top-notch compared to a management school.
What is the difference between business studies and management?
Top business schools often offer both an MBA or a Masters in Management. They are both designed for varying stages in your career. MBA or business studies are usually for older candidates who have a couple of years of experience under their belt. According to TopUniversities, an average MBA student is 30 years old with around seven years of experience whereas, a Masters in Management student is 23 years old and has around one year of work experience.
MiM programmes are like other Masters programmes where the teaching style is usually independent and the classes are held in a lecture hall. One can expect less practical experience here as they tend to cover just the basics of management. However, in an MBA one can expect a lot of group discussions, practical internships, and understanding case studies and real-life problems which the candidates might encounter when they graduate from the course.
MBAs tend to cover a broader range of business disciplines and teach you more about business, while MiM programmes usually will give you an opportunity to specialize in a business area such as Marketing or Human Resources.
How much professional experience should you have for AN MBA or MiM?
Traditionally, MBA candidates tend to be older than Masters in Management candidates as an MBA is a more specialised course. For MiMs, institutions do not usually look at the work experience, instead, they look at the Bachelor’s degree. However, in an MBA, a usual 4-7 years of work experience is preferred. Find the best countries for an MBA in Europe.
What are the career prospects after getting an MBA or a MiM?
Since a MiM graduate has very little or no work experience, he can expect to bag the entry-level management roles in an organisation. That said, MiM graduates have more job options available than MBA graduates. In fact, an MBA graduate with 5-7 years of experience will only fit in specialised leadership positions. Of course, their salary bracket is also much higher than that of MiM graduates. Find the best MiM programmes in Europe.
Conclusion
Now that you understand a little more with respect to our debate of Business School vs Management School, surely you must have a little more clarity as to which path to choose for your school.
Recent Posts
The moment you transfer the first tuition fee payment to your university, you'll be thinking of how you can recoup that investment. This is ...
For professionals with a few years' experience already, an MBA can be a great way of boosting your career prospects. From changing jobs or industries ...
Studying abroad for a semester or a full year can be an incredibly enriching experience. You'll get to experience a new culture, meet new people, and ...