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Master in Management (MiM) Degree

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Master in Management (MiM) Degree


Many incorrectly assume that an MiM degree
is an alternative to an MBA degree. There are some similarities between the two,
but many differences as well – when it comes to the entry requirements, costs, program
format, jobs and salaries. That’s what we’ll try to cover in this video. Masters in Management, or MiM in short, is a graduate degree in business and related
specializations. It is also known by other names in different parts of the world. It takes young fresh undergraduates, or recent professionals, and gives them a formal introduction
to the field of business management. Its approach to business education is more
theoretical compared to the mainstream MBA degree.
Though originally a European phenomenon, there has been a growing number of North American
schools embracing this idea. The MiM degree is often a gateway into entry-level
jobs in business management that require less experience.
MiM courses offer specializations in business functions you might be interested in – such
as marketing, consulting or finance. It provides opportunities to study and work
abroad, has a high demand among recruiters, is a fantastic networking opportunity given
the faculty and industry exposure as part of the curriculum, and is designed to train
its students to build enough momentum to start a promising management career. Unlike the MBA, MiM doesn’t need its applicants to have work experience or substantial professional
accomplishments to show for. Most MiM programs require students to have
an undergraduate degree in any field. Typically MiM students have less than two
years of work experience. Like an MBA, it does require GMAT, GRE or other
standardized tests to evaluate applicants on a common baseline.
English proficiency test scores such as TOEFL and IELTS are also needed to ensure international
student class participation. MiM is a flexible program.
While a considerable number of European business schools divide the curriculum into two years
– covering the core, electives and specializations – some like HEC Paris offer the option to
extend the time to include internships. There may also be some allotted time to get
involved in research, working closely with professionals in the field.
A few MiM programs are also designed in a condensed format to be completed within 1
year. The years, or semesters, are dedicated to
first laying a foundation for management sciences and other related concepts such as these: The second phase provides students with various
specializations through electives Depending on the b-school, many of these electives
become part of either exchange programs or dual degrees that provide the added advantage
of further global exposure. Foreign Language is also a big part of the
training that goes into the global experience. While getting a job is an important expectation
for many MiM students, several choose to continue in the academic field.
With the heavily research-oriented curriculum, students are trained towards thinking as potential
researchers. Having said that, schools do incorporate real-world
application training in the mix, for employment. So, internships can become a part of the MiM
training, especially if the duration of the degree can accommodate one.
Students have the option of taking up internship opportunities during the degree, or they are
given a flexible option to opt for a gap year or semester, for interning in one or many
organizations and specializations, if they choose to do so. The hiring projections among MiM graduates
look quite positive. Here’s a snapshot from a recent survey. Though slightly subdued in the US, as compared
to the other continents, the trend is in the right direction Larger companies, with more than a 1,000 employees,
are more likely to hire MiM graduates as compared to the smaller ones. Even start-ups are showing an increased interest
in hiring MiM grads. Here’s the industry-wise hiring scenario,
as per the survey. US companies are less likely to offer internship
positions to Business Master’s students, including MiM. This is not surprising as Europe is the pioneering
continent in Masters in Management, with the rest of the world now slowly realizing its
value and playing a bit of catch up. As with jobs, larger companies are more likely
to offer internships and also more likely to hire interns for full-time positions. In any degree, the age and experience influences
the job levels that grads are usually hired into. For instance, MBAs with experience are
usually hired into mid-level positions. In comparison, the average age of MiM classes
is about 22 years and they usually have zero to less than a couple of years of work experience. Though MiM grads find entry-level positions, they are often in reputable companies and
with competitive salaries. According to the GMAC recruiter survey, the median starting salary of MBA grads is about $110,000 whereas for MiM grads it is about $92,500. Of course, the salaries are dependent on the
role and industry with Consulting and Finance typically being the highest payers.
According to Financial Times’ Master in Management rankings, MiM graduates from the
top business schools can fetch up to nearly $110,000 a year. MiM degrees have a significantly different
list of business schools topping the ranking charts as compared to the MBA rankings. About 87% of the Financial Times Top 100 rankings in MiM are European business schools. Less
than 5% are North American, and over 7% are Asian.
Have a look at some of the top Masters in Management programs in the world, their duration,
and tuition. Is an MiM degree worth it? It is good to have options that go beyond the glamorous but pricey management degrees
like the MBA. Let’s look at some pros and cons of MiM
degree. An MBA degree might be highly popular. But
it also caters to the exclusive crowd of experienced professionals, with outstanding achievements,
who are willing to shell out money for the heavy cost of attendance. In contrast, an MiM is cheaper, open to fresh undergraduates from any field and somewhat
easier to finance. It is predominantly a theoretical understanding
of the field with an option for real-world training. It also saves you precious years by providing an accelerated learning program to help graduates
get an edge, early on in their careers. Most MiM programs don’t face the usual steep
competition that is synonymous with international MBA admissions. Let’s look at the cons.
The relative lack of work experience may also imply that students are not well-prepared
to make an informed choice about their career in business, or business specialization.
In contrast, many MBA students already have a specific post-MBA goal, complete with specialization
interests chalked out even before they begin the program. However, in MiM programs, as with most early-career MBA programs as well, there is a significant
chance of buyer’s remorse when graduates realize that the degree is not for them.
Unfortunately, the realization happens after having already committed the time and money.
All because of the lack of career clarity at such an early stage in their life.
However, these pros and cons are very subjective and it depends a lot on the candidate who’s
applying for MiM programs to decide what works and what does not.
It’s also a good idea to explore other business Master’s programs like the Master in Finance,
Master in Accounting, Master of Science in Business Analytics, and more.
Each has a specialized flavour that may speak to you more than the generalist approach. For MiM essay reviews, MBA Crystal Ball is
considered among the best MiM application consultants. Our top MiM essay consultants can help you improve your chances of getting into the best
MiM programs in the world. Send us an email if you need professional
help. Good luck!

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59 thoughts on “Master in Management (MiM) Degree”

  1. Sameer Kamat says:

    Please 'like' the video, if you found this helpful. Share your queries about applying to international programs in the comments below.

  2. Adarsh Saha says:

    Sir,
    Is MiM degree valid in India?

  3. VAIBHAV GEMINI says:

    Sir, how to find minimum GPA requirement of top business school like Harvard, Upenn, MIT, Stanford, Yale University, etc.

  4. rishabh kamat says:

    For A art's student like ba. Students is it really good . &
    What about MIM in HR

  5. Tejas Hendre says:

    Can a student apply for MBA later after completing MiM and 2 years of Experience?

  6. Arpit Agarwal says:

    Is getting degree of mim from lbs worth in terms of roi?

  7. Abhijeet Singh says:

    Can you please make a video on Master in Finance (MFin) and the difference between MFin and MiM?

  8. Pramod Ishwarkatti says:

    Sir I'm done BBA in Finance age of 24. this yr.in 2019. i'm taking admission to 11th age of 19. so i never fail, late because of my father's death and financial problems. i really work hard for my graduation with random work. so i don't have a professional and stable work experience. & because of this it's to late for me. But I wanted To Do Mba In Information Technology. i know i'm not come from a technical background. but Can It's Possible to do programming and language classes and work on both technical + management roles. Or It's difficult do survived in IT industry a non-technical person. i really want to work on technology.

  9. Rhodrix Kishore says:

    Sir could you please explain about masters in marketing in detail

  10. Jibran Mujawar says:

    Msc Marketing from UK, is it worth?

  11. Ashish Gouda says:

    Make a video on MBA from Europe.!!!!

  12. ABHISHEK says:

    Kindly make similar video for MBA.
    Like MBA in US vs Europe.
    Or if already made….then pls provide the Link for the video.

  13. ABHISHEK says:

    And thankyou …

  14. ayush agarwal says:

    Hi Sameer ! , This was really informative and helpful video to know about the MiM.

    Can you do a similar video to cover the MS in Business Analytics degree and it's prospects etc.

    It's becoming popular these days as data science skill sets are in demand and would love to see a detailed video covering all the aspects of MSBA.

    Thanks !!.

  15. Akash B says:

    How likely is it possible to work in another European country with a mim degree from other country. I have heard that mba graduate from HEC paris, Insead and IE tend to work in UK, nordic countries, Canada & Dubai etc.

  16. RAMAN YADAV says:

    Sir,
    I want to pursue MiM through LBS, Currently doing my BTech from IIT Palakkad, I want to know the total fees, and after scholarship how much it will cost, what are the chances of getting scholarships?
    Thanku

  17. Santo K saji says:

    Hello sir.
    I was looking forward to do MIM n Germany.
    Which specialization would be better?.
    Finance and accounting / transport and logistics / or data managemnet?.

  18. Satish Kumar says:

    How much they charge?
    Please tell

  19. Samartha Singh says:

    I'm doing my bachlor's in commerce from an open university and i want to do further studies in management from france. As i don't have time to have a work exp. of 2 years i would like to pursue MIM. I want to know does my degree from an open university work as a barricade?
    Please answer my this question its bugging me for a while now. Regards

  20. Sai Ujwala says:

    Sir what are the job prospects for Indians in Europe after completing MIM course in Europe?

  21. Naveen Nicolaus says:

    Whats is the difference Between Masters Of International Business (MIB) Vs MIM…..Are both same ..?

  22. Naveen Nicolaus says:

    May I Know Differnces between MSC and MIM

  23. Naveen Nicolaus says:

    What about Masters of International Business vs MSc International Business

  24. Mixton says:

    hey, at 5:42 fees of escp is also around $45k. Also, essec and escp offer optional gap year too. I'm thinking for mim in france and hoping if you could give some info on job prospects after I return to India with 3-4 years of international experience. (from top 3 schools)

  25. venkat phani says:

    I can't find a MIM degree which is a 'STEM course' in U.S.A.Can you suggest any course which is similar to MIM and STEM.I just graduated and I'm planning for spring intake.

  26. Amit Palsule says:

    Why ESMT Berlin is not ranked in your ranking? Are you endorsing only your partner universities?

  27. Nikesh Poudel says:

    well explained… Thank you sir

  28. Naveen Nicolaus says:

    Present Year Which One Is The Best MiM or MSc

  29. lalith lalith says:

    Can i get into mba without work experience

  30. Sarvadi Singh says:

    Hi….I've done 3 years of BA , 1 year of B.Ed and 2 years of distance learning MBA from Sikkim Manipal University…. please advise how will it be counted as 18 years, 16yrs or 15 yrs. Please do reply it's important for me.

  31. Sidharth Sunil says:

    Can I get to top MiM colleges with CGPA of 6 , no work experience and no GMAT/GRE

  32. chandru j says:

    sir, may i know which one is better, masters in management or international business. if i choose international bussiness is their scope of getting hired in top companies. help me out!

  33. Abhishek Biswal says:

    Sir can you please make a video on business analyst programs in Europe

  34. Akshay says:

    Hey sir,

    What are feasible universities right now to target for Jan/Feb intake or 2019?

    I know it's a little late but still. Please advise.

  35. Arul Annad says:

    MBA in HR is there alternative in MIM please advise

  36. Bassam Atheeque says:

    Hey Sameer! Quite an informative video!

    Would appreciate your advice in this one:
    I have scored 95% in both 10th & 12th, done my B.Tech with 8.1 CGPA. Have a work experience of 2+ years in sales and marketing field.
    Currently planning to go to Canada for Masters in Supply Chain.
    Do you recommend MBA or MiM for the above profile?

  37. Mahender Kumar says:

    Will I be even employed if I do this given that I am non European? Is it worth to go for this rejecting IIM's in India?

  38. Supreet Reddy says:

    What are the best MiM colleges in the US?

  39. Srihari Nair says:

    How is the current job market for a student finishing an Mim course from the top 10 schools?

  40. Mugdha Pansare says:

    Is it possible for me to get into MIM if i have gap years in my engineering.

  41. kolachanaharsha says:

    Hello Sir this video waived my Confusions and best part of my collection.
    I'm interested in finance Like Mfin also
    Is GMAT is compulsory for MiM or Mfin ??

  42. Jiren sama says:

    Please make a video on masters in finance degree
    Scope and everything
    1 year ms in finance

  43. unofficial gamer says:

    Sir agr mra 1st year m reappear aagya ho or mne clear v kr lia ho to ky y effect krega mre abroad m MBA krne ko

  44. Vijay Chatrathi900 says:

    Hey Sameer a video regarding Undergraduate gpa infuencing MBA admission and how much gpa is enough for instance i have a GPA around 7.5 like how do you convert in US and UK based schools

  45. Aishwarya Shah says:

    Sir, can you please make video on Do's and Dont's of double MBA…. ?? Would be very informative….

  46. Gopi royal says:

    Hi sir I have one question, for which I couldn't get appropriate answer from 3 top abroad education consultants.
    I have completed my b.tech in 2017(completed 4years without degree), but because of backlogs I couldn't complete it. But doing MBA abroad is my dream. Hence I applied for distance BA degree from recognised university in 2018, which I will surely Complete it by 2020 December. Also I started working in sales department immediately after I came out of engineering college. Now, considering my gap in education and degree being correspondence, will I get admission in good MBA/MIM college abroad.? If yes what impact will my gap years and distance degree have on my career in future.? Awaiting your response. Thanks in advance.

  47. Siddharth Dwivedi says:

    So if I have bachelors in engineering then would it be better to do mim than mif?

  48. Ritik sharma says:

    Is mim beneficial for freshers if they wanna pursue international MBA?

  49. Jeet Sethi says:

    Hello sameer,
    I wanted a suggestion of whether to pursue MiF or MiM from a top university if one has a Cfa charter and CPA charter along with 740 in Gmat.
    Considering roles in consulting or in pure finance. Currently having 2 years of experience in a small CA firm.

  50. shashank_97 gogula says:

    Hello Sameer , ur explanation clarified all my dougts . ThankYou for providing such a deep understanding information. My personal experience is like – 6 Gpa in CSE, TWO Years of work ex and 690Gmat score! Does my resume get considered into good MIM Collage ?
    Waiting for ur reply

  51. Piyush Pandey says:

    Good video Sir,
    It would be more helpful if you could make a detailed video on subject/specializations in MIM.

  52. Siddharth Dwivedi says:

    Sir I can't decide which to choose masters in management OR masters in finance

    I am currently doing engineering(1st year from a top NIT in India).I want to later get a high paying job so I will pursue masters.One doubt whether or not mim will also place me in finance roles like investment banking or not?
    It will be great if you help sir..

  53. RSM says:

    Hello Sameer, I would like to take your advice on how I should proceed with my post graduate plans.
    Let me tell you a bit about my academic background
    10th- 88%
    12th- 68%(science)
    Graduation- 7.35 CGPA in BBA
    I graduated just this year and started working as a management trainee from July onwards but due to some health issues i had to leave the job for a few months. I have 4 months work experience if it counts as anything, but i would be well enough to continue working from January onwards.
    I was considering MIM that starts in September 2020 or January 2021 at most. My reasoning for choosing an mim is that i want to do an PhD in the future and i believe that if i do an MBA it would be wasting time as well as money when my main goal is to do an PhD.
    What do you think should be my approach towards this. And i am preparing for gmat along with a few Indian exams and am hoping to get 650+ score. What is your outlook for this.
    Thanks
    RSM

  54. shivanshu bansal says:

    Hello sir,
    I did my B-tech in 2017 and have been working full time since then (almost 2 years now). Am i eligible to apply for an MIM degree since it is suited for fresh undergrads and not working professionals?

  55. Madhura Phadnis says:

    [email protected] pl send ur official address in thane

  56. ankita hinge says:

    Sir can you plz make video on list of colleges with no gmat score and no works exp … plz

  57. Abhinaba Chatterjee says:

    I am an Indian graduate. Now, I am thinking about doing MIM in Ireland or UK at marketing or strategy. Not I know that it would cost about 25L for a 1 year degree. I can afford that 25L but it would be ridiculous if I pay that amount of money and then not get a job there, right? What good it would be spending all that money just to come here in India and work for 25k month? Although I would really love to go abroad and work there! What should I do? I have part-time work experience.

  58. Harshitha Vunnava says:

    Can I get into mim course by GRE

  59. Gokul RME says:

    Hello Mr. Sameer.
    Please explain about MBA in manufacturing

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