I am an engineering student and will complete my graduation in 2010. I intend to pursue an MBA course immediately after graduation(preferably from US). But I don't have any work experience and an MBA course in US or UK is designed only for people with work experience( thats what I gather from the other threads). So, I want to know more about this MS in BUSINESS ADMINISTRATION as this term keeps cropping up on google whenever I type "no work experience". Does this degree hold any value or will it hold any value 3 yrs down the line? Is this course better than doing a full time MBA course? Will I have to give GRE for this? because I think its too late to start preparing for GRE right now and I've already started off with my GMAT preparations. Is there any other course that checks GMAT scores?

Moreover is getting a full-time MBA course (preferably from the US) without a work experience, that infeasible?

Very common question. Good business schools are not interested in people straight out of college - they don't have much to offer a classroom setting, and it's hard to see how valuable they will be as alumni if they have not held a job before.

In other words, you will be very hard pressed to find a decent MBA program that does not want to see GMAT scores AND a few years of work experience. My advice is to either study for the GRE and apply for the MS OR better yet, wait two more years, work, and then apply for a good MBA program.

Yes, this is probably the most common question in MBA forums around the world, and especially in India(it seems like common practice there, to seek an MBA program direct after finishing college)

i actually think that in both cases(MBA and Ms) the student would greatly benefit from having work experience - it is very simple: one learns and understands things better if one has already encounter them in some form before.

why not wait with it for 2 years?

Thanks a lot!
But I mainly wanted to enquire about MS in Business administration and its feasibility in todays market???

MS in Business administration is the same as MBA!!! It is common used abbr for Master of Business Administration.

M.S. is usually used for Master of Science. A Master of Science in Business Administration is NOT an MBA. Some school offer an MBA as well as an MS in Business administration.

See:
http://cob.sfsu.edu/cob/departments/departments.cfm
http://www.marketing.pamplin.vt.edu/academics/graduate/masters.html
http://www.cbe.csueastbay.edu/assessment_msba_itm.htm

MBA stands for post experience management degree. I don't understand why people want to do MBA fresh out of undergrad. So lack of professionalism. Business schools do not want immaturity in the class room.