Situational Leadership
This leadership theory is responsible for many decisive changes in the history of the management and leadership. This theory first proclaims the importance of situational variables on the decision making process and the decision itself. According to this theory the decision making process should be open to the changes and variance of the leadership, ideas and practices in complete accordance to the demand of the situation and possible variance. Different set of leadership can be chosen as the decision maker at different level of variation of the prevailing situation.

Relationship theory
Relationship theory focuses on the relationship of the management or leadership with the followers to transform their working pattern, ability or skill to reach the envisaged higher end. This theory is also termed as transformational theory and one of the greatest management theories which did wonder in respect of bringing more cooperation based work culture, work excellence, motivated and integrated objective practices throughout many great companies of the world.

Participative theory
Participative theory emphasizes on the active participation of the employees in the management or decision making process to take input from the people who face the ground reality. In our discussion regarding the management theories which did wonder, this theory deserves to be identified as the most revolutionary one as most of the bigwigs of the business world today credits the process of participation of their employees in the decision making process as the guiding factor behind their success.

Transactional theory
Transactional theory is mainly based upon the rewards and recognition of the employees based upon their standard of performance or value addition in the business process of companies. It emphasizes on the supervision of the employees in regard to their expected work process, standard and achievement, organizational procedures to maintain integrity, ethics and discipline, and remuneration, reward, recognition, promotion, demotion and punishment in conformity with the adherence of the employees to the organizational process and expected performance. In most of the business organizations around the world this theory provides the basic structure of management and in that regard it has a great lineage and influence on succeeding management practice.

Team building theory
The conception of team building as a theory of management is comparatively very recent comparative with other management theories as mentioned above. Team building as well be called as an different approach of the participative theory of management. It mainly emphasizes on the collective team work to lead to the achievement of organizational goal and in this process it stress on the need to make the management pyramid to be flattened out at horizontal level. This theory has recently been very popular and as one of the greatest management theories which did wonder, became the most important factor behind the astonishing success story of many emerging companies. Especially software and IT companies have largely taken this approach of management to an unprecedented level of success.

System theory
A system is the sum total of different parts working toward the common goal. In this respect any organization is a system and employees of different types of assigned responsibilities and stature are the parts of the system. System theory emphasizes on the relevance of taking a broader view of the organization and the interconnectedness of the parts and according to its basic propositions the employees and management people of a company are seen as the definitive parts in the function of a greater objective.

The above mentioned theories are just a brief glimpse at the heart of the management theories which did wonder and many notable as well as important theories have been excluded because of the constraint of choosing the most important ones.

1) Requirement of professional experience
This is one major area of difference between MSc in Management and MBA degree. MSc in Management degree does not require any prior professional experience for enrolling in the program and it is true in any institution, however career focused or prestigious it be. Whereas, many reputed MBA program maintains the criteria of enrolling students only with a minimum level of professional experience as desired by the institution. MSc in Management degree is basically for the young career aspirants in the discipline of management who have just completed their undergraduate program. In  contrast, MBA degree matches the ambitious professionals who want to learn and train themselves in the management skills and concepts for the better advancement in career.

2) Educational Expense
MSc in Management is much cheaper than MBA degree in consideration to institutional fee of the program. If you only consider the fee structure of any MBA program offered by reputed institute, it costs almost double in comparison to top rated MSc in Management program.

3) Educational Curriculum
This is the area of the biggest and most notable difference  between MSc in Management and MBA degree. There are great differences between these two graduate programs in management in respect of courseware, academic focus and study and training methodology. MSc in Management degree curriculum and its study orientation is more academic in nature, whereas, a MBA program is more practical as well as real life management skill and job challenge oriented. Through a MSc in Management program you can would be getting full exposure in the various management principles and related subjects with a particular focus on theoretical depth which can prepare you for further academic study and research in the management discipline. In complete contrast you don’t need to know many academic things like the evolution and history of a theory, all you need to do is to focus on the application part and its consequences and subsequent scope of development.

4) Admission Requirement
MSc in Management degree program requires the student to have completed at least undergraduate level education in the discipline of business or economics.  On the other hand any MBA program from a reputed institute requires the student to have obtained a better score in the admission test conducted by the higher learning institution or such widely recognized tests like, Graduate Management Admission Test (GMAT).

Only the major differences between MSc in Management and MBA degree are cited here and there can be other differences which are not too grave to consider here.

Career Exposure in Research
Many of the graduates from a reputed program of Master of Science in Management are automatically drawn into the field of research in their respective management specialization. As the gross coverage of subjects and specializations is much bigger than a typically business oriented MBA program, the scope of research after the completion of degree program does also offer a wide variety of areas for the purpose of further research.  Research is one of the most valued career exposures of Master of Science in Management Program.

Career Exposure in Faculty Positions
As this degree program is intrinsically academic in nature, the academic excellence can further open the route for a career in management faculty positions. The academic bend of mind which is nourished in the management study of a Master of Science in Management program is appropriate for management faculty positions and the aspirants in a Master of Science in Management Program have better chance and share over other management degrees in joining management faculty positions in reputed business schools.

Career Exposure in Decision Making Bodies
Having studied the history, evaluation, various perspectives of management principles in a thoroughly cross disciplinary educational environment, an aspirant in Master of Science in Management always possess a better acumen in producing new insights and verifying perspectives in the decision making process of important strategic organizations. This is the reason why various important international and organizations and government sponsored think tanks always prefer Master of Science in Management over other management degrees. Though the decision making or strategy building positions in various organizations or think tanks are too much lucrative in respect of professional benefits, these few jobs are only open for those who have very distinctive academic record and proven excellence in the discipline of management. Jobs in major decision making bodies or think tanks can be considered as the pinnacle of career exposure of the Master of Science in Management Program.

The above mentioned areas of career exposure of Master of Science in Management exclude a lot of management jobs which are open for all kinds of management programs. Except the above mentioned job responsibilities which are more specific in demanding academic orientation of management study, an aspirant in Master of Science in Management Program can look forward to a lot of other management position jobs in different business organizations.

1. Colorado Technical University
The university offers Degree program in Master of Science in Management with dual facility of both online and campus-based curriculum. With very high international exposure and a stunning place industry exposure this program is one of the best in USA.

2. MIT, Sloan
It offers a Degree program in Masters of Science in Management Studies, the main objective of which is to give the students a deep and dense exposure in a specific field. This rigorous program is only open for enrollment of students from top non-U.S. business schools.

3. The George Washington University School of Business
This University offers Master of Science in Project Management and in this discipline it is considered to be one of the best in entire USA.

4. Rochester Institute of Technology
This Institute offers Degree program in Master of Science in Innovation Management and this unique program focuses on the building of leadership expertise of the technology workers from various technology-specific domains.

5. University of Maryland
This University offers Degree program in Master of Science in Management in the discipline of Health Care Administration. This university prepares its students for better career exposure in the health care industry.

6. Thunderbird School of Global Management
This institute with its global reputation of excellence offers Degree program in Master of Science in Global Management and the uniqueness of this program lies in its wide exposure in global business administration.

7. Massachusetts Institute of Technology
Unlike MIT Sloan this Degree program in Master of Science in Management Studies offer high end management education for students either from USA or other parts of the world.

8. Harvard University
With the unsurpassable track record of academic excellence this university offers a Degree program in Master of Science in Health Care Management which is unique in brilliant industry-specificity, global exposure and skill accentuation.

9. Boston University
It stands to be one of the most revered universities for its career focused curriculum in any discipline. It offers degree program in MSc in Management.

10. Stanford Graduate School of Business
Being one of the best B schools of USA it offers a degree program in Master of Science in Management which is unique both in its course curriculum and international business exposure.

As the above shortlist suggests, the degree programs in Master of Science in Management have started to enter the curriculum of top institutions of USA because of their recent popularity over MBA as a top management degree.  The above mentioned shortlist is not exhaustive and definitely makes room for debate over the choice of institutions which, in any case, is expected to be unavoidable.