<p>whats the difference between getting a MBA and majoring in business?
also whats the difference between business and finance?</p>
<p>MBA is majoring in business… at the graduate level.
Finance is a concentration, or discipline (such as marketing, management, etc.) offered inside of the business major; usually at the graduate level.
BSBA= Bachelor of Science in Business Admin
MBA= Master of Business Admin</p>
<p>got it, thanks!</p>
<p>MBA is a professional degree.
Finance is an academic degree.</p>
<p>MBA’s teach you what to think about when running a business.</p>
<p>Finance teaches you to sit in an ivory tower and contemplate the nuances of the financial markets.</p>
<p>"Finance teaches you to sit in an ivory tower and contemplate the nuances of the financial markets. " , this is a naive question, but you must do more than contemplate, don’t people use finance for something?</p>
<p>The ‘For Dummies’ series of books are actually a good intro for these subjects and would answer all of your questions. Start with Finance For Dummies.</p>
<p>There is no difference. An undergraduate business major at a top school (Cornell, PSU, etc.) is just as good (statistically) as an MBA from anywhere. You will make the same amount of money.</p>
<p>I think the above poster is incorrect.
I do not believe that a PSU or Cornell BSBA is equivalent to a MBA from say Rutgers, NC State or Florida St. And it is a stretch, although I love Penn St, to put it in the ivy category, even though I think prestige is over-rated.
I would like to see those numbers, if any, that you have to back up that statement.</p>
<p>much like what OperaDad said, a finance degree has less “real world” applicability (unless of course you are planning to stay in academia) vs. an MBA.</p>
<p>generally speaking an MBA should prepare its graduates to be able to run or “manage” a business. of course finance is a part of that knowledge base, but only a part – there are a number of other key aspects of a running a business that an MBA will have exposure to (e.g. marketing, operations, organizational behavior, etc.) Personally, many years out, when I have long forgotten the endless list of financial equations (WACC, etc.) the “softer” subjects such as organizational behavior, negotiations – i.e. understanding how to motivate others / how to lead a discussion / project, etc. have proven far more useful.</p>
<p>
</p>
<p>I beg to differ. Not all finance degrees are the same. There are thousands of finance degree holders from undergrad Wharton who work in the financial market, hedge funds, PE, IB , ER etc. They are handling real financial instruments. Can’t get any more "real world " than that.</p>
<p>Plus many of them don’t have MBAs.</p>
<p>I would say an economics degree puts you in the ivory tower.</p>
<p>
</p>
<p>LMAO @ this. I think this poster confused Penn State with Penn. Regardless of that I know plenty of business students from Wharton, Cornell, Notre Dame, Virginia, Emory, Michigan, NYU, Texas, etc (pretty much any top 10 school) that later attended graduate business school.</p>
<p>
</p>
<p>I believe he was talking about graduate finance degrees…not that I necessarily agree with him regards to an MS, but in regards to PHD I concur.</p>
<p>You guys are too sensitive. My point is that Finance is Finance, and only one aspect of Business. You may be able to dissect the option on a future on a pool of mortgage backed securities, but you may not be able to run a business that sells the product to end users.</p>
<p>Kind of like the difference between Biology and Medical Doctor.</p>