Well I'm no expert, but MSc is Master of Science, MA is Master of Arts, MEd is Master of Education, MBA is Master of Business Administration, and MPhil is Master of Philosophy - it's a lesser degree than a PhD, and is sometimes awarded to PhD students who marginally fail. See http://en.wikipedia.org/wiki/Master_of_Philosophy
for more info on that one.
MScs and MAs are usually taught degrees where you have regular lectures and are expected to learn a body of knowledge in addition to doing a small research project. MEds are qualifications for education and can be vocational or around developing pedagological skills.
MPhils and MRes are research degrees that don't normally have taught components. They normally are about half the size of PhDs but have a larger research component than an MSc/MA. The difference between the two is slight, but MPhils are now usually awarded to PhD students that decide not to upgrade, whereas MRes students usually sign on to do a finite piece of research for a shorter amount of time and start out with the intention of doing a Masters level research degree.
LLM – Master of Laws
MA – Master of Arts
MArch – Master of Architecture
MBA – Master of Business Administration
MEd – Master of Education
MEng - Master of Engineering
MFA – Master of Fine Art
MLitt – Master of Letters
MMus – Master of Music
MPharm – Master of Pharmacy
MPhil – Master of Philosophy
MRes – Master of Research
MSc – Master of Science
MSt – Master of Studies
MTh – Master of Theology
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