Both are good course so choose the course according to your interest, Here, I am going to tell you about the both the courses so it will easier to you to choose.

Course: M.A. (Buddhist Studies)
Duration: 2 years

Subject you are going to study in the course are:

History of PÄEli Language & Literature
Sutta Literature
Vinaya Literature
PÄEli Grammar, Translation & Composition
Paper 2.2 : Sutta Literature
Cullavagga Kammakhandhaka & Bhikkhunikhandhak
Sutta Literature
Vinaya Literature
Grammatical Literature (Saddaniti)

Universities that offering the course are:

University of Delhi
University of Pune
Magadh University
University of Jammu
Barkathullah University
Punjabi University

Course: Master of Philosophy in Buddhist Studies
Duration: 18 Months

Eligibility:

Applicant needs to pass M.A. with 55% marks or an Equivalent Grade in Buddhist Studies, Pāli, Sanskrit, Ancient Indian History and Culture and Archaeology, Chinese and Tibetan or at 60% marks in any other relevant subjects.

Selection process:

Selection of the candidate based on the written test

Universities in India that offering the Master of Philosophy in Buddhist Studies are:

University of Delhi