MBA - Master of Business Administration

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Two worlds:  The difference between an MBA and a Masters programme 
 

- A Masters degree by title, the MBA sets itself apart from other Masters programmes in a variety of factors.


Two worlds:  What makes the difference between an MBA and a Masters programme
The abbreviation MBA stand for ˜Master of Business Administration”. In contrast to a consecutive Masters programme, which is a continuation of a previously taken study subject, the MBA is a non-consecutive programme. In other words, an MBA programme is not a continuation of a first degree study subject but seeks to convey additional qualification for (future) leadership roles in general management or professional management specialists.
MBA programmes focus on ‘best-practice’ approaches and are less research and science oriented (proportionally 50:50) than traditional study programmes (75:25).

Interactive participation
Project-oriented group work, discussions with experts and in-depth case studies are key characteristics of an MBA course of study. This interactive and collaborative approach fosters the valuable exchange of experiences, views, approaches and problem solving skills.

Real-world lecturers
Another feature of MBA programmes is the often highly dynamic schedule of lecturers with a real-world business background, whereby seasoned lawyers, consultants, managers, CEOs and other guest lecturers share their invaluable insights and knowledge with the students.

Social competencies and skills – a diverse and mature student body
The student body of a top quality MBA programme is often a highly diverse group of people. Participants may come from all walks of life: different countries, different strata, different cultures, different roles. Having fulfilled the tough admissions requirements serves in many cases as the lowest common denominator between the students of the programme. It is this deliberate heterogeneity that fosters the awareness of varying cultures and promotes intercultural aspects in lectures and off campus activities. 

Participants, not Audience
The modes of learning employed in MBA programmes often require a high level of initiative and proactive contributions to the class. Lack of motivation is not a common feature among MBA students.

Networking
Through a highly diverse student body, visiting lecturers and corporate internship opportunities networks emerge from which the MBA student will benefit long after he or she graduates from the programme. Extensive alumni networks connect the participants long after graduating.

Final exam: Dissertation or Project
While the Masters dissertation is a firm requirement for the majority of research Masters programmes, the MBA is more practically oriented in its project requirement. Typically, a final project requires the student to focus on and solve a problem taken from the immediate professional environment.

Modes of Study
An increasingly popular form of studying an MBA is the executive mode, or part-time mode, which allows the student to study the MBA while continuing in his or her job. This is followed by the full-time variant, which is typically offered to recent graduates with no relevant work experience.
The online mode should be a last resort option for anyone taking their MBA studies seriously – the remoteness of this programme mode can never deliver the full benefits of an MBA course.

In conclusion
The MBA offers a very broad business education with real world relevance and a highly interactive and international approach. It is a suitable course of study for mature and highly motivated students who seek a challenging and hands–on approach to build on their experience and wish to give their careers a boost.
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