Hi,
Please find below a detailed explanation regarding the various MSc Courses and also some information regarding the new Duke program. The article is written by one of our mentors. He has confirmed admissions at LSE (MSc Management) and Cornell University (MILR). We are proud to report that Ankit is amongst the only Indians to be admitted to the first class at Duke University, for their MMS program.
Do get in touch for further information or to avail our services.
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AppReview
INFORMATION REGARDING MSc COURSES AND THE NEW DUKE MMS PROGRAM
Hi,
Let's first lay down the basic difference between an MSc Degree and an MBA. An MSc degree is more theoretical and very specialist. For example. MSc Management, is a proper 2 year course in only Management and related studies. You might have modules related to HR and other fields, but you will concentrate mostly on the area of study your MSc is in. MSc degrees tend to be more theoretical, with the exception of some in Financial Engineering let's say at Said Business School, Oxford where students simulate live trading on a proper trading floor. All in all, MSc degrees concentrate more on the operations aspect.
MSc degrees are good for:
1) Those looking to start off a long career in management, thus laying foundations for a further MBA/PhD.
2) Those looking to get a base in order to be more competitive in the entry level job market. This would make you comparable to other graduates, but you would have an edge while applying to business related firms due to your master's degree.
3) For student's looking to get a good brand name on their resume, whilst getting the grasp of management and related studies and are looking for future admissions in MBA etc. This is different from point 1, as students taking this path are more focussed on jobs rather than academia.
4) For candidates who would return to a fmily business and thus want a basic knowledge, but not willing to go in for an MBA.
MSc Degree's sometimes tend to entice students, as they would be studying at a good school. However, the value addition can only be gauged in the future, that is if you secure a good MBA admit or a job.
MBA degrees tend to prepare students as overall managers. They concentrate a on practicality and strategy. An MBA student has a definitive edge over a MSc Student, as an MBA is a professional degree whereas an MSc is a master's. MBAs are more employable than MSc students.
Please note that a lot of people might contend that the above differentiation does not hold for all courses and schools. This is true, but we are presenting a general picture here. Also, a degree can never decide definitively how far you could go in life. Just that MBA students get a better headstart.
Based on the above information, you can see which suits you best. Please read further below for some highly recommended MSc Programs.
The MMS program at the Fuqua School of Business, Duke University
This course should not be mistaken as a master's course that will give you a substantial boost. You should not compare it with the kind of education and career boost a MFE (financial engineering) or MILR (Master's in Industrial and Labor Relations) can give. There are various reasons for this:
1. According to Duke's own admission, the MMS program is aimed at making it's students more competitive in the job market as compared to other recent college graduates.
2. It is a new program and it's base would be established only over the nest 3-5 years.
However, this program is good for those seeking to enter the consulting industry and the likes at entry level positions. In our opinion, this degree would make you more competitive than general college grads, even with business degrees in their undergrad. The program's main strengths are:
1. Addition of the Fuqua brand name
2. Addition of the Duke brand name
3. A course aimed at rivalling the MSc Management at the London Business School (LBS) and thus having a very well tailored curriculum
4. Full access to all Fuqua facilities; Courses will be taught by Fuqua's renowned faculty
5. For the first year, 2009, no application fee and higher availability of scholarships
We recommed this program for students looking to go in for a master's degree in management. Normally, these are only offered in the UK/Euorpean schools, and Fuqua is now setting th trend amongst US schools. We hope to, and do expect, many more such programs to come up soon.
RECOMMENDED MSc COURSES
LSE (MSc Management; Finance; Accounting; Economics and combinations of the above)
LBS (MSc Finance; MSc Management)
Duke MMS
Cambridge (MPhil Management; Finance; Operations)
HEC Paris (Grand Ecole MSc)
Hope this helps. All the best with your applications
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