The core courses offered in MBA and MBM are the similar. MBA and MBM both are graduate-level programs to develop higher level managerial job working in the private sector. The MBA is targeted to gain and give experience in a particular field whereas an MBM degree offers various management courses to students who have just graduated from an undergraduate program giving them a sound exposure to many paradigms of management studies. The entrance requirements for an MBA and MBM are generally similar but vary depending on which schools the students are applying to and the format of the program various schools offer. The MBM is mini MBA Program and Student can develop sector specific knowledge and skill that required to perform in managerial level in the future. Specialized programs focus on a particular field of interest.
The basic difference between an MBA and MBM is that the MBA course is offered for the student who has experience in the industry or particular business sector. In the world, the average age group of 21 join MBM and an average age of 27 join an MBA. Experience is required to pursue MBA but not MBM.
There are a variety of formats worldwide for MBA and MBM programs. The traditionally followed format is a two-year, full-time program as well as part-time and executive MBAs. These courses typically offer classes at night and on weekends. Many schools now offer partially or fully online. These part-time and online options are designed to students who are already in the workforce and have full time.
There are several different options for MBM programs around the world including United States. Most of them follow a full-time academic schedule. However, it is possible to find part-time and online programs school like Colorado Technical University and DePaul University.
An MBA degree is designed who are already in the workforce, have prior business or management experience. The goal at the end of an MBA degree is for the student to have gained specialized knowledge to put into practice. Courses are taught through case studies and Group Discussions (GDs) so that they can learn from each other’s work experience. Course instructors focus on experiential learning through lab courses and internships.
In an MBM degree, students are at the beginning of their career or have not yet entered the workforce. They won’t have as much experience to share with their peers, MBM curriculum typically focuses on lectures and theoretical knowledge rather than learning through practical experience. Since students often come from very different educational backgrounds, the first part of an MBM degree focuses on teaching business fundamentals, Professional Evaluation, Organization Theory, and Communication & Investigation before moving on to more detailed topics. The goal of an MBM program is to teach students the management and leadership skills required of managers and executives in their chosen field. These fields are often quite varied since MBM students tend to have a much more diverse educational background than MBA students.