Question by aneesh1191919: whether finance & marketing or finance & banking is good combination for MBA/PGDBM?
for a science(math) student
Best answer:
Answer by Serge M
Many people have misconceptions about the MBA degree, thinking that it consists of majors or concentrations that give you in depth training in a specific field. The degree Master of Business Administration is not the same as Master of Science. The MBA is a general broad degree covering a wide variety of business issues and training students for careers in managing any area of business up to CEO. MBA students study accounting, finance, marketing, statistics, management, strategy, policy, leadership and similar courses. The MBA was developed because people with technical backgrounds getting promoted into management are not always able to manage, and many people in management don’t understand the technical fields they manage. That’s why MBA programs prefer students with degrees in other than business. Their graduates learn to manage and can speak the language of the people they manage, whether that is engineering, chemistry, medicine, music, or any other field.
The MS is a degree that concentrates study in a specific field, such as finance, accounting, electrical engineering, biology, and chemistry and trains students for careers in high level staff positions often involving research.
Many MBA programs offer concentrations, but this usually amounts to 2-3 elective courses in a specific field. Thus an MBA in marketing may amount to a student taking Market Research, Advertising, and Consumer Behavior as a marketing concentration, while a finance concentration may mean courses in Mergers and Acquisitions, Security Analysis, and Intermediate Accounting. In contrast an MS in marketing involves a full year or more of marketing courses with perhaps 2-3 electives in related fields. An MBA student may opt to take electives in Production, Accounting, Marketing, Human Resource Management and other areas in order to broaden his background rather than concentrating in a single area.
To answer your question, an MBA for a student with a science background would be highly beneficial regardless of the concentration you select, if any. What is more important than a concentration is your choice of school. To find MBA programs that best fit your needs, criteria, and preferences, use a free service called the Official MBA Guide. It lists over 2,000 MBA programs worldwide and provides a lot of valuable information about MBA study.
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