Best MBA alternatives - are the programs worthwhile to pursue abroad?

Are you interested in learning more about MBA alternatives? Are you interested in taking a course abroad with a weighted average similar to an MBA? Do you want to know about MSBA, MFin and MiM? To learn more about this subject, continue reading.


Students have been competing for an MBA for many years. It was once thought that an MBA bestowed greater social standing than any other PG degree. To have a better selection of universities or colleges, people were competing with one another. People have been moving abroad to obtain MBA degrees with greater reputations during the past few years. But on the other hand, it appears that the number of students pursuing an MBA or MBA abroad has been quickly falling over the recent years. The below factors could be to blame for this.
  • Less time efficiency
  • High tuition cost
  • Eligibility criteria
Although this may sound surprising, it cannot be denied that more specialized and affordable MBA alternatives are starting to gain popularity. While the universities announce MBA deadlines around the world, let's discover what the few available other options are.

MBA Alternatives

You have the following choices in addition to pursuing an MBA.
  • MSBA
  • MiM
  • MFin/MFC
Let's investigate each in more detail.

Master of Science in Business Analytics (MSBA)

The general administration of enterprises, organizations, and projects are the focus of an MBA. An MSBA, on the other hand, is more technically inclined and concentrates on how to apply data to make business choices. This curriculum is highly relevant in a world that is becoming more and more data-driven since it trains students to understand complex data and make wise strategic business decisions. The main objective of MSBA programs is to give students the analytical abilities necessary to deduce meaningful business insights from complicated data sets. Data mining, coding, information technology, business analytics software, analytical modeling, and programming are among the topics covered in the more technical MSBA degrees. These courses instruct students on the usage of software tools like Microsoft Access, AzureML, and Decision Suite as well as coding and programming languages like Python, Hadoop, and SQL.

Students who pursue technology-focused careers and need specialized data analysis skills may benefit from earning an MSBA. Data analysts have a wide range of career options since different organizations, including companies that make consumer items, media outlets, higher education institutions, and more, collect customer data. In fact, IBM forecasted that by 2020, demand for data scientists will rise by 28%.
Universities with MSBA course
  • MIT Sloan
    Contact: MIT Sloan School of Management
    100 Main Street
    Cambridge, MA 02142
    Phone: 617-253-1000
  • Esade Business School
    Contact: Barcelona - Sant Cugat Campus,
    Av. Torre Blanca, 59
    08172 Sant Cugat - Barcelona
    Phone: +34 935 543 511
  • Essec Business School
    Contact: ESSEC Business School
    3 avenue Bernard Hirsch
    CS 50105 Cergy
    95021 Cergy-Pontoise Cedex
    Phone: +33 (0)1 34 43 30 00
    Fax: +33 (0)1 34 43 30 01
  • Imperial Business School
    Contact: Imperial College Business School
    Imperial College London, South Kensington Campus, London, SW7 2AZ, United Kingdom
    Phone: +44 (0)20 7589 5111

Master in Management (MiM)

A MiM might be right for you if you're an undergraduate or recent graduate looking to pursue a career in business. The degree often draws younger applicants with no experience or little experience. The average pay of a MiM graduate is two-thirds that of an MBA graduate, primarily because of the difference in job experience. As a result, MiM is the better option than MBA in terms of return on investment. A Master in Management (MiM) provides early-career students with the information they need to launch their business careers, whereas an MBA gives the majority of students the foundation for career acceleration or a career transition.

This curriculum, which lasts one or two years, is primarily focused on marketing, accounting, or finance. One can enter entry-level positions in business management that call for applicants with specialized knowledge and less experience after completing this course. For individuals who don't want to pursue an MBA, MiM from abroad has gained popularity over the past ten years. The majority of MIM programs demand that applicants hold a bachelor's degree in any subject. Therefore, students with backgrounds in the arts or social sciences can also apply for a MiM degree.
Universities with MiM course
  • St. Gallen Business School
    Contact: The University of St. Gallen
    Executive School of Management, Technology and Law (ES-HSG)
    Holzstrasse 15
    9010 St. Gallen Switzerland
    Phone:+41 71 224 75 09
  • London Business School
    Contact: London Business School,
    Regent's Park,
    NW1 4SA
    United Kingdom
    Phone: +44 (0)20 7000 7000
    Fax: +44 (0)20 7000 7001.
  • HEC Paris
    Contact: HEC Paris
    1 Rue de la Libération
    78350 Jouy-en-Josas
    Phone: +33.(0)
  • Smurfit Business School
    Contact: UCD Michael Smurfit Graduate Business School, Carysfort Avenue, Blackrock, Co. Dublin.
    Phone: +353 1 716 8934

Master of Finance and Control(MFin/MFC)

The Masters of Finance and Control (M.F.C.) program is a two-year professional degree program that offers students an in-depth understanding of risk management, financial planning, decision-making, and certain other topics while also covering a wide range of financial and management topics. Additionally, it tries to educate pupils on monetary and regulatory areas. The theoretical parts of everything in finance are the main focus of the MFin, whereas the practical aspects are the main focus of the MBA.

Students who are interested in the curriculum must be well-versed in tax and other financial legislation.
Pupils' analytical and conceptual skills, which are essential for risk management and decision-making, are nurtured and developed through the MFC course of study. Students are introduced to broad management principles and ideas, as well as theoretical and practical knowledge of financial management and other relevant topics, throughout the first year of the course. In contrast, the course's final year is devoted to advanced classes and specialized courses with a research thesis focused on various aspects of financial management. Universities provide both full-time as well as part-time MBA programs. However, nearly all MFin programs are full-time.
Universities with MiM course
  • UC Berkely(Haas)
    Contact: Haas School of Business
    University of California, Berkeley
    545 Student Services #1900 (mail)
    2220 Piedmont Avenue (deliveries)
    Berkeley, CA 94720-1900
  • Cambridge(Judge)
    Contact: Cambridge Judge Business School,
    University of Cambridge,
    Trumpington Street,
    CB2 1AG, UK
    Phone: +44 (0)1223 339700
  • Essec Business School
    Contact: ESSEC Business School
    3 avenue Bernard Hirsch
    CS 50105 Cergy
    95021 Cergy-Pontoise Cedex
    Phone: +33 (0)1 34 43 30 00
    Fax: +33 (0)1 34 43 30 01
  • LSE Business School
    Contact: London School of Economics and Political Science
    Houghton Street
    WC2A 2AE
    Phone: +44 (0)20 7405 7686


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