Before exploring the idea of an MBA after BSc, let us first look into BSc as an undergraduate program. Bachelor of Science or BSc is a popular undergraduate degree program among students who have studied science as a primary subject in high school.
Some of the most popular BSc courses are computer science, physics, mathematics, chemistry, zoology, life science, and many more. So now the question arises, why an MBA after a BSc degree?
Why MBA after BSc?
The prime advantage of a master's in business administration or MBA degree is that candidates from any educational background can apply for it. However, one may think that subjects like zoology, chemistry, and physics would help a student who wants to change his career path to business management.
If a science student wants to be in a managerial position some years down the line then, MBA after BSc is a worthy shot. A general MBA provides a broad understanding of business management. This degree will provide a foundation in business that is both fundamental and comprehensive.
Also, there are more advantages to pursuing an MBA after an MSc degree. After doing an MBA, one can expect to work in a managerial position in almost any sector. On the other hand, MSc is done in one subject or area, and the prospect lies in research work.
Why would an MBA degree be beneficial to a BSc graduate?
Flexibility
In today's time, it has become essential to stay up to date with innovations and technology. If you are not updating your skills according to the changing dynamic environment, you might miss out on significant opportunities to boost your career.
For many working professionals, returning to full-time college is unaffordable. Fortunately, MBA courses can be completed while you are working. After completing a BSc, you can pursue an MBA that is both lucrative and flexible, and you can do it without interrupting your career.
1. Be the FIRST Always!
Doing an MBA after BSc will kick start your career. An MBA prepares you for managerial roles; hence, simultaneously, you are increasing your leadership skills.
In addition, doing an MBA will enhance your professional skills and have a better business understanding. As a result, you acquire an advantage over your peers and have a better chance of getting promoted or advancing up the corporate ladder.
2. Gain Managerial Skills
BSc is a more theoretical knowledge-based course, which primarily focuses on a particular subject of science. On the other hand, MBA is more professional and lets students work on real-world challenges businesses face.
Furthermore, because management is a broad topic of study that encompasses various sub-fields such as entrepreneurship, business communication, and human resource management, as a result, an MBA essentially prepares students with managerial skills and problem-solving and decision-making abilities, which are crucial for corporate management.
Types of MBA
Almost every graduate wishes to pursue an MBA, which is one of the most popular degrees. After completing a BSc, graduates can choose from various programs, with many opting for an MBA to learn more about the business world, build professional abilities, and understand management nuances.
Below are some of the types of MBA that are offered worldwide.
1. General MBA
A general MBA degree does not focus on any one subject. Instead, they provide candidates with a broader perspective and a thorough understanding of every aspect of business and management.
You will learn the fundamental core structure of every specialization and gain abilities that can be easily applied to any industry, regardless of its nature, as part of a general MBA degree.
A general MBA degree does not focus on any one subject in particular. Instead, they provide candidates with a broader perspective and a thorough understanding of every aspect of business and management.
You will learn the fundamental core structure of every specialization and gain abilities that can be easily applied to any industry, regardless of its nature, as part of a general MBA degree.
General MBA degrees are primarily concerned with assisting you in developing the necessary leadership, communication, and critical thinking abilities.
2. Specialized MBA
1. Finance
When it comes to specializations, most MBA applicants continue to choose finance as their first choice. Due to this, finance is a demanding industry with many employment openings worldwide and highly high compensation.
In addition, if you graduate from a top-ranked institution, you will almost certainly be eligible for investment banking, which is the ideal profession for every finance enthusiast.
2. International Business
International business is for students who want to make a difference in the world. It is the appropriate choice for you if you wish to solve issues that small and medium-sized businesses encounter globally.
You will be required to grasp globalized, cultural variations between communities and how they affect business, socio-economic problems, and their effects on management and personnel, among other things, as part of the course program.
You will also learn about emerging markets and environmental concerns that come up when running a business. A final project will allow you to put all your theoretical knowledge into practice by addressing real-world problems.
3. Supply Chain Management
Supply chain management focuses on the flow of goods and services in a firm. It is relatively a new field in MBA specialization and is gaining popularity. It is a sub-branch of operations management, and it teaches students strategic sourcing, manufacturing process, and demand fulfillment.
Because it is a business administration course, students also acquire good management and marketing skills which is an essential part of supply chain management.
4. Human Resource
Human resource is a crucial department in any firm. Due to this, most firms require talented and skilled individuals in this field.
An MBA in Human resources teaches candidates how to hire the appropriate people, people whose personal ambitions fit with the company's goals and will prove to be an asset to the company.
Human Resource managers must also ensure that their staff are always happy and satisfied and engage in activities that will increase their productivity.
5. Marketing
Another popular choice of specialization in MBA is marketing, and it has always been in high demand among students who want to pursue MBA. An MBA in marketing provides individuals with the necessary tools and techniques for increasing sales and attracting new clients to a company.
Marketing's primary concept is to target the correct audience so that they are persuaded to buy your items and exhibit devotion to your brand. Students with an MBA in marketing can work in various areas, including consulting, technology, and healthcare.
Online MBA
Online education or distance learning has increased over the years, especially after the Covid-19 pandemic. Online education provides working professionals with a second degree or a post-graduate degree without giving a break in their professional life.
It also allows students to pursue a second degree while they are enrolled in their regular degree course. An online MBA is a convenient way of study, especially for working professionals who wish to complete their management degrees without compromising their careers or professional work.
People's trust in online MBA has grown in recent years as technology, information technology, the internet, and the entire education system and industry have advanced. The fundamental difference is that lectures in an online MBA are conducted via video conferencing, and notes are delivered via the internet.
Online MBA courses are offered by several business colleges in India and worldwide. The duration of the course might be from one to two years to complete.
Popular MBA Specializations after BSc
You can choose from various specialized MBA courses whether you want to work in the healthcare field or start your firm. Down below is a list of some popular MBA courses that people choose after BSc.
MBA in Healthcare
A master's degree in business administration with a specialization in healthcare is another option. This branch, like the others, strives to equip students with leadership qualities, managerial abilities, and business methods, but for healthcare organizations.
This degree aids in having a broad understanding of commercial operations and a medical background to comprehend the specifics of products and services. The healthcare sector is involved with various products and services, which include:
- Manufacturing of drugs
- Manufacturing of medical equipment
- Healthcare facilities
However, for doing an MBA in Healthcare, you do not specifically need a bachelor's degree in the medical field. However, most universities prefer students who show an inclination toward the medical field.
Therefore, with an aggregate score specified by the colleges in any under-graduation degree, the student is eligible to apply for an MBA in Healthcare. The course lasts for two years.
MBA in Pharmaceutical Management
An MBA in Pharmaceutical Management is a brilliant example of a science like a pharmacy that demands management skills; this program is the ideal blend of science and management studies needed to run the company properly.
If you want to learn more about the subtleties of management in a field like pharmaceutics, a course like the MBA in Pharmaceutical Management is a great place to start.
MBA in Pharmaceutical Management is a course that works with the health and chemical industries and oversees the production, supply, and demand of medications, and teaches you how to manage such a business.
This course will examine many aspects of the pharmaceutical industry, including research, analysis, sales, consultation, and administration. In addition, it will teach you how to apply various managerial skills to ensure that everything goes well.
The course covers the fundamentals of pharmaceutical sciences and how to use multiple business methods to achieve profit and smooth operation of the industry.
Eligibility For MBA
Let us now look into what is the eligibility criteria for MBA after BSc.
- Bachelor's degree from a recognized university. However, a science degree in the related field would be preferred for a specialized MBA in pharmaceutical management or healthcare.
- Required score in CAT/XAT or university-specific entrance test. GMAT/GRE if you are applying for MBA abroad.
- For pursuing an MBA abroad, you will also have to qualify for language proficiency tests like IELTS, TOEFL, etc., and submit a Statement of Purpose and Letters of Recommendations.
- Relevant work experience is also preferred by many universities in India and abroad.
Top Colleges Offering MBA in India
- Indian School of Business
- IIMs
- XLRI Xavier School of Management
- SP Jain Institute of Management and Research
- Faculty of Management, University of Delhi
Top Colleges Offering MBA Abroad
- University of Pennsylvania
- INSEAD, Singapore
- Stanford University
- Harvard University
- London School of Business
MBA After BSc Salary & Jobs
MBA makes you more attractive to potential recruiters. Hence high-paying jobs would follow you if you do an MBA after BSc. Here are some of the most common employment roles, along with their pay scales.
- Business development manager – $39,000 – $127,000
- Product Manager – $98,000 – $159,000
- Management consultant – $78,000 – $166,000
- Chief financial officer – $89,000 – $222,000
- Financial analyst – $51,000 – $364,000
- Marketing director – $42,000 – $250,000
Finally, you can see more benefits than drawbacks to taking an MBA after your BSc degree rather than continuing the conventional academic path. For example, you will not be dissatisfied if you pursue an MBA degree if you have a strong interest in business and management.
FAQs
1. Can we do MBA after BSc?
Yes, of course! It is one of the many advantages of an MBA that any student from any educational field can pursue MBA.
2. Which MBA is best suitable for BSc graduates?
Any MBA course or specialization is suitable for you. However, MBA in Healthcare, MBA in Pharmaceutical Management, and MBA in Hospitality Management would be best for you.
3. Is MBA after BSc in Mathematics the right choice for me?
Yes, it is the right choice for you. If you want, you can even do a specialization in MBA in Finance.
