Difference Between MBA And Masters In Economics In UK
Recognitions
MBA vs Masters in Economics
Students who complete their graduation in commerce stream and want to do higher studies, they often find it difficult to pick between postgraduate courses. Generally, students who wish to make a career in Finance have a dilemma of whether need to study Masters in Economics in UK or go for an MBA in UK. Hence GoUK provides a clear view about the MBA vs Masters in Economics courses in UK.
MBA vs Masters in Economics: Course Overview
While evaluating the difference between MBA and Masters in Economics in UK, it is important to have an overview about MBA and Masters Economics:
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MBA
Master in Business Administration (MBA) in UK is a highly popular course among international students who are aiming to gain and ready to face the real world challenges in the business field. The specialization in MBA degree in UK includes applied statistics, finance, human resource, business ethics, business communication, business law, entrepreneurship, and marketing. MBA in UK is designed that it directly enhances your strategic thinking, communication, time management, networking, and creativity. All these qualities will help you to build your resume in an impressive way. Duration of the MBA course in UK is 2 years. During their research and project work, international students will get a clear idea about the subjects.
Masters in Economics in UK
Masters in Economics is a postgraduate degree in the field of Economics. Pursuing Masters in Economics in UK is a prestigious course that the students can understand the present and future economic conditions. After studying Economics in any one of the universities in UK, you can start your career in the finance or consulting fields. To study Economics in UK, the students need to inculcate proactiveness towards world affairs.
MBA vs Masters in Economics Subjects
To get clarity on the difference between MBA and Masters in Economics, GoUK has provided the needed information about the type of subjects offered under both courses. The UK MBA degree related to subjects concentrate more on, how to operate an organization. Masters in Economics syllabus is technical oriented in nature. It deals with advanced concepts in the field of Economics and Finance. GoUK has listed down some of the general subjects of MBA vs Masters in Economics.
Subjects offered in MBA in UK |
|||
---|---|---|---|
Strategic Analysis | Quantitative Methods | Business Policy | Market Research |
Management Accounting | Marketing Management | Managerial Economics | Strategic Management |
Management Science | Organizational Behavior | Global Business Management | Marketing Management |
Financial Management | Operations Research and Management | Legal Environment of Business | Supply Chain Management |
Subjects offered in Masters in Economics in UK |
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---|---|---|---|
Game Theory | Econometrics | Political Economics | Money and Banking |
Monetary Economics | Public Economics | Financial Economics | Industrial Economics |
Environmental Economics | International Economics | Public Policy: Theory and Institutions | Developmental Economics |
Finance: Theory, Institutions, and Modelling | Economic Development and Policy | Economic Development and Policy | Agricultural Economics |
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Top Universities for MBA vs Masters in Economics
Every international students like to do their MBA or Masters in Economics in top universities. GoUK has listed the UK top universities to pursue both MBA and Masters in Economics courses. Although, it must be noted that prime universities in UK impart courses in MBA as well as Masters in Economics. Here are a few of them:
Top Universities in UK for MBA |
QS Rankings 2021 |
---|---|
London Business School | 3 |
University of Cambridge | 8 |
University of Oxford | 10 |
London School of Economics and Political Science | 11 |
University of Warwick | 24 |
University of Manchester | 32 |
Imperial College London | 38 |
Before leaving your home to look for the Top Universities for Masters in Economics in UK, you must conduct thorough research about the programs and courses provided by these Universities. This will help you better understand how the Top-ranked Economics Universities in the UK can help you move forward in your career
Top Universities for Masters in Economics in UK |
QS Rankings 2021 |
---|---|
London School of Economics and Political Science | 6 |
University of Oxford | 9 |
University of Cambridge | 10 |
UCL | 16 |
London Business School | 34 |
MBA vs Masters in Economics: Career Prospects
Both MBA and Masters in Economics offer tremendous career opportunities in the corporate sector. MBA in UK is a managerial course where the top universities in UK teach students how to manage the operations of an entire organization; MA Economics is a technical course where the international graduates from top UK universities are placed in research and analytical positions related to Finance and Investment. GoUK have listed the top career options after MBA vs Masters in Economics. Apart from this, there is a lot more scope for students to explore out of their domains.
Top Career options after MBA in UK |
Top Career options after Masters in Economics |
---|---|
Financial Analyst | Research Analyst |
Data Analyst | Data Analyst |
Management Consulting | Policy Analyst |
Entrepreneurship Expert | Strategy Analyst |
Healthcare Management Expert | Economist |
Human Resource Manager | Project Manager |
Information System Expert | Economics Professor |
Masters In Economics Vs MBA Salary
MBA is one of the highest paying degree in UK. The average salary in UK for MBA is £43,871. Nevertheless, there is one factor that can have a major influence on MBA salary in UK, and that is the industry chosen for employment.
Job Title |
Range |
Average |
---|---|---|
Chief Executive Officer (CEO) | £53k - £156k | £96,450 |
Management Consultant | £43k - £121k | £64,298 |
Project Manager, (Unspecified Type / General) | £30k - £69k | £42,492 |
Finance Manager | £33k - £68k | £47,838 |
Operations Manager | £28k - £96k | £44,923 |
Business Development Manager | £27k - £72k | £43,750 |
Operations Director | £43k - £109k | £68,260 |
Top Universities has found that the graduates from the London School of Economics can earn up to £33,892 in a year. In this too, the top cohort of students can easily earn a 6 figure salary in one year. From other Universities, the Economics Graduate Salary in UK is averaged at £40,000.
Job Title |
Average Salary |
---|---|
Legal & Paralegal | £82,784 |
Compliance, AML, KYC & Monitoring | £78,388 |
Executive Management & Change | £70,300 |
Legal Department | £63,786 |
Media, Communication & Advertising | £62,787 |
Finance Control & Strategy | £61,537 |
Information System Expert | Economics Professor |
Students need to evaluate themselves against the MBA Vs Masters in Economics requirements to pick up the best course as per their needs. If you are also unable to make a perfect decision between the two courses, then GoUK is here at your service. Our experts will help the students to find the best course and college choice for themselves. Connect with us through a free consultation!
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