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Difference Between MBA And Masters In Economics In UK

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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

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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