Let’s say you know you want to go into management or leadership. In today’s business world, the lines between the two can seem blurred. What’s the real difference? Which program will best help you meet your goals?
Both degrees will help you develop your problem-solving, critical thinking, and decision-making abilities, but they get there differently.
Here are some questions you may want to consider.
1. Do you understand how businesses work?
An MBA is a general management degree that provides you with an understanding of core concepts necessary to run functional areas like marketing, finance, and accounting. It will also help you develop the analytical abilities required to make strategic integrated business decisions.
2. Do you want to inspire and motivate people?
A Leadership degree offers competencies that enable you to understand the tools necessary to inspire, develop, and motivate individuals and teams in support of strategic organizational growth. These skills may include developing emotional intelligence, learning how to motivate others, or building consensus.
3. Do you want to explore a specialty?
An MBA combines a general focus on management with an additional option of completing a dual degree such as an MS in Accounting/MBA, an MS in Finance/MBA, or an MBA|JD. You can also specialize by concentrating on areas such as innovation and marketing. And for those with mid-to-senior-level business experience, an Executive MBA is designed to leverage what you already know.
4. Do you want to learn business fundamentals, strategy and skill-building?
In a graduate Leadership program, you learn many of the same core principles as you would in an MBA program, but the focus is more on the people than the business. You also concentrate on topics like leadership theory, cultural implications of leadership, and influence.
5. What kind of skills are most applicable to your career path?
MBA programs emphasize learning through data, case studies, and analyzing problems in different areas of an organization. You learn how decisions support the strategy of an organization, which provides you with specialized training in the operations of a business. In a Leadership program, you learn to execute on ideas and lead others towards a goal. You focus on building up a business by harnessing the power of the people at an organization.
Want More? Related Articles:
- 5 Leadership Skills We Can Learn From 5 Great NFL Coaches
Charged with everything from building a team from the ground up to managing strong personalities, there’s a lot to learn from star NFL coaches.
- 5 Things Every Modern Leader Should Know
We’ve all studied great leaders through the years. Nelson Mandela. Gandhi. Napoleon. But what qualities are necessary for leaders in the world today?
- 3 Leadership Lessons from Winning Olympians
What can you learn from someone who went from being great, to becoming the best of the best?
- Thinking of Going Back to School?
Five tips for adult learners who are unsure if they can fit going back to school into their already jam-packed lives.