Masters In Management
What is Masters In Management?
Masters in Management (MiM) is a post graduate degree that provides advanced general management knowledge and enhances leadership skills. Its approach to business education is theoretical whereas a traditional MBA is more practical. It is also known as MSc in Management, MSc in International Management, MSc in Strategy & International Management, PGP in Management. It is a fast-paced management programme designed to provide students with the skills they need to enter the job market faster.
It is a stepping stone to entry-level positions in business management. A Masters in Management degree also provides opportunities to study and work abroad, and is in high demand among recruiters since it provides a fantastic networking opportunity due to industry exposure as part of the curriculum. It is designed to give its students momentum to begin a promising management career.
Electives & Specialization
Electives are courses that students can choose to study in addition to the required core courses. Most business schools provide a diverse range of electives in Human Resources, Finance, Marketing, Management, Sustainability, Marketing, and other areas. However the most popular electives are Finance, Marketing, Accounting, Entrepreneurship, Consulting, International Business and Strategy.
Thus it is safe to say that the MiM programme has been extensively customized. Students are given the opportunity to fully utilize the resources at their disposal in order to carve out the ideal career for themselves.
Job Opportunities
MiM hiring demand is strongest among companies in the consulting, products/services, and manufacturing industries. Also consistent with past years is that larger companies are more likely than smaller companies to have plans to hire MiM graduates.
According to GMAC Corporate Recruiters Survey 2019, the hiring projection is given below, (https://www.gmac.com/-/media/files/gmac/research/employment-outlook/business-school-hiring-report_corporate-recruiters-survey-2019_may-2019.pdf)
- Consulting : 48%
- Products/Services : 44%
- Manufacturing : 44%
- Non Profit/Government : 40%
- Technology : 38%
- Energy/Utilities : 33%
- Finance/Accounting : 33%
- Healthcare : 33%
Top 10 colleges for Masters in Management
Around 85% of all worldwide MiM are offered in Europe. According to Financial Times 2020 survey, (https://rankings.ft.com/rankings/2847)
Rank | Name | Country | Weighted Salary (US$) |
1 | University of St Gallen | Switzerland | 113,175 |
2 | HEC Paris | France | 107,050 |
3 | Essec Business School | France | 102,086 |
4 | London Business School | UK/UAE | 96,848 |
5 | Rotterdam School of Management, Erasmus University | Netherlands | 91,362 |
| 6 | ESCP Business School | France / UK / Spain / Italy / Germany / Poland | 85,309 |
7 | Stockholm School of Economics | Sweden | 86,729 |
8 | University College Dublin, Smurfit | Ireland | 79,721 |
| 9 | SDA Bocconi | Italy | 85,733 |
| 10 | Imperial College Business School | UK | 78,285 |
Also check out: Tips to Succeed in an Online Course
MiM v/s MBA
Factors | MiM | MBA |
Duration | 10-24 months | 24 months |
Student Profile | 0-3 years of experience | More than 5 years of experience |
Average Applicant Age | 23 years | 27 years |
Fees | $25,000-$50,000 | $80,000-$150,000 |
Curriculum | Focuses mainly on theoretical understanding through classroom lectures, guest lectures, case studies, and group projects. | Focuses on case studies, with an emphasis on the practical application of theory to real-life business complexities. |
Popularity | Mostly in Europe | Worldwide |
Post-Graduation Opportunities | Entry level positions | Mid to high level positions |
| Salary | $50,000-$90,000 | More than $100,000 |
