An MBA is not the only option for those who wish to do graduate business study. If you are interested in developing your skills in essentially one area only, you can do, for example, a specialized master’s degree in general management, accounting, business economics, information systems, marketing, operations, and numerous other fields.

The point is that there are many courses on offer that might be a sensible alternative to an MBA. It must be emphasized, however, that these degrees are not generally suitable for those who wish to receive training in the usual core courses of an MBA program or pursue advanced training in several fields.

Increasing demand for graduate management education, particularly for specialized master’s programs, may be a result of schools expanding and differentiating the scope of their offerings to reach a wider audience that includes a younger cohort of prospective students

MBA versus Specialized Master’s Degrees

The Master’s in Finance degree is much narrower, much more academically focused than the MBA. It’s appropriate if you are very clear that, for instance, investment banking is for you. The MBA is a general management degree; it’s a much more flexible qualification, allowing you to explore different career op­tions. Interestingly, some of the people who do the Master’s in Finance have previously done MBAs at second-tier schools; while some go on to do MBAs after­wards.

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