The research study evaluated owner manager characteristics as a determinant of MSE growth. On this, analysis of variance was carried out to examine the variation in the growth of MSEs with respect to the variation in each of the independent variables. As two dependent variables were used to measure growth in this study, the result shows different statistical value for both of them. The ANOVA and t-test result indicates, there is a significant variation on the growth of MSEs in relation to the variations of gender, work experience and family back ground if growth is measured using asset growth. If growth is measured using employment growth, the deference in experience and family back ground brings difference in growth. But the result shows there is no significant difference in growth with respect to the difference in education level whether it is measured with asset or employment growth.