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Ameer Khatri MBA Consultant

Master in Management

September 2, 2023




Avg. Age

€ 35K

Avg. Tuiton Fees


Months Duration 

€ 80K-100K

Avg. Salary

Table of Contents

Introduction to MiM Programs

The titles Master of Science in Management (MScM), Master of Science in Business Administration (MS BUSAD), Masters of Management Studies (MMS), and other variations are frequently used to refer to the degree. It is a postgraduate master’s degree that lasts either one or two years.

The program covers key management disciplines like finance, marketing, strategy, operations, and corporate communication. A wide number of possibilities are available for electives, including learning a foreign language, comprehending business in developing economies, advertising, using creativity at work, microfinance, global finance, big data, artificial intelligence, etc.

Master in Management, abbreviated MiM. This postgraduate degree program aims to give students a thorough understanding of management concepts and procedures. MiM programs are made for people who want to improve their business knowledge and acquire critical management skills, such as fresh graduates or people with little professional experience.

A wide range of topics, including finance, marketing, strategy, operations management, organisational behaviour, and entrepreneurship are often included in the Master in Management curriculum. Students learn how to utilise analytical and problem-solving methods to solve managerial difficulties in the real world while also gaining a comprehensive understanding of business activities.

MiM programs frequently combine in-class instruction with case studies, group projects, real-world internships, and consultancy work. Due to these experiential elements, students can put their academic knowledge to use in real-world situations.

Pros of MiM Programs

Boost a young career

People who are just starting their jobs have a big edge with the MiM degree. Graduates can gain a thorough understanding of business principles and managerial abilities by pursuing a MiM early on, giving them a competitive edge in the job market. Graduates of the program can demonstrate their readiness for managerial responsibilities by showing a strong foundation in important areas like finance, marketing, strategy, operations management, and organisational behaviour. This early career boost places them in a favourable position for a variety of job options and puts them on a road to accelerated career progression.

Broad-based business education

A MiM program’s ability to provide this is one of its main advantages. Students experience a wide curriculum and learn new things. exposure to diverse business areas will enable them to gain a comprehensive understanding of how businesses function. The program gives students a multidisciplinary view by covering important topics including finance, marketing, strategy, operations management, and organisational behaviour. They are better able to think critically, make wise decisions, and contribute successfully to many company functions because of their extensive knowledge.

Options for specialisation

Many MiM programs give students the chance to focus on certain areas of interest. Through these specialisations, students can hone their knowledge and skills in a particular area, increasing their attractiveness to employers in that sector or job. The opportunity to specialise enables students to adjust their education to match their interests, whether they are in finance, marketing, consulting, operations management, or entrepreneurship.

exposure to diverse business areas will enable them to gain a comprehensive understanding of how businesses function. The program gives students a multidisciplinary view by covering important topics including finance, marketing, strategy, operations management, and organisational behaviour. They are better able to think critically, make wise decisions, and contribute successfully to many company functions because of their extensive knowledge.

Opportunities for networking

MiM programs offer students excellent chances for networking. The diverse cohort, which consists of people from different racial and ethnic backgrounds, fosters the development of a dynamic network. Peer collaboration creates a dynamic learning environment and lifelong connections by allowing for the exchange of differing viewpoints.

Additionally, a lot of MiM programs host networking events, guest lectures from industry experts, and alumni networks to connect students with professionals, possible employers, and leaders in the field. These networking activities may lead students to crucial mentorship connections, job placements, and internships.

Experiences with practical learning

MiM programs have a strong emphasis on practical learning, giving students tools they can use right away in situations involving real-world business. The curriculum includes case studies, group projects, simulations, and internships, which help students bridge the gap between theory and practice. that which separates theory from practice.

They can strengthen their problem-solving, critical thinking, effective communication, and cooperation skills by participating in practical activities. Students are more equipped to use their knowledge and are better prepared for the intricacies of the corporate world thanks to exposure to real-world difficulties.

MiM programs frequently have specialised career services teams that offer students comprehensive help throughout their career development path. These services include help with creating resumes, interview practice, and job searching. Career counsellors provide individualised counselling, assisting students in defining their professional objectives, investigating various professions and work functions, and creating winning job-search strategies.

Pathway to further education

A MiM degree is a great starting point for anyone who wants to pursue advanced degrees like an MBA or specialised master’s programs. Students who enrol in a MiM program receive a thorough business education that gives them the information and abilities needed to succeed in advanced business studies. Graduates who decide to continue their education gain from having a solid academic foundation, which enables them to succeed in MBA programs or specialised degrees in masters.

Students can transition into higher education more easily because of the challenging curriculum and exposure to many business disciplines provided by the MiM program, which prepares students for the challenges of advanced studies.

In conclusion, earning a Master in Management (MiM) degree has many advantages. It provides advantages for starting a career early, thorough business education, specialisation choices, exposure to other cultures, vast networking opportunities, hands-on learning chances, and career support services, and acts as a springboard for higher education.

Cost of Study : MiM Programs

While a MiM graduate’s average pay is roughly half that of an MBA graduate, a similar-quality MBA program’s average tuition expense is just about one-third of that of a MiM program. As a result, the Return on Investment (ROI) is incredibly alluring. after learning the definition of a master’s degree in management.

One might consider the associated tuition costs. For non-EU students, the average tuition for the best MiM programs is typically much higher than for EU students. For non-EU students, the average works out to be around 37,000 euros, whereas, for EU students, it’s closer to 30,000 euros.

For instance, ESSEC charges €31,000 for EU students and €38,000 for non-EU students in terms of tuition. RSM charges €25,496 in tuition fees for students from outside the EU and a mere €2,976 for EU students.

MiM : Eligibility Criteria

According to a survey outcome published by “MIM Compass” in September 2015, the candidate’s academic record is the primary admittance requirement. The GMAT score, which is the second-most significant requirement, is 600, the minimum score that is typically the norm.

Less than 50% of colleges, however, require an analytical test like the GMAT. Only 6% of people use their GMAT scores, while 26% accept GMAT or GRE results. 65 per cent of colleges interview prospective students. Only roughly 35 per cent of these colleges give the interview score a weight of 50%.

These data are still true as of 2021 in the years that followed the poll, barring a few statistical changes.

MiM vs MBA

The MBA made its debut in the United States at the beginning of the 20th century and has since grown to become one of the most sought-after and competitive degrees in the world. The MiM emerged at European business schools at the end of the 1980s, making it relatively new.

But as the MiM gains popularity among ambitious recent graduates looking to further their careers, more and more universities throughout the world are starting to offer it. This appeal results from the MiM often taking one year to complete compared to the MBA’s two-year duration. Similar to how the cost of a MiM is far lower than that of an MBA, making it a more enticing option for people who are just starting their careers.

As a result, the target audience is the primary distinction between a MiM and an MBA. Young graduates with little to no prior business experience are the target audience for MiMs.

  • MBA programs are intended for seasoned individuals with several years of senior-level work experience.
  • The course content and curricula of the programs reflect these divergent student profiles:

When compared to MBAs, MiMs typically have a stronger theoretical focus and use analytical courses and case studies to help students strengthen their commercial skills.

  • While taking a more practical approach, MBAs focus on the practical application of theory.
  • Whether you select an MBA or a MiM, you can be sure that you are pursuing a reputable, recognised degree.

Career Prospective After MiM

A Master in Management (MiM) degree can open doors to promising career opportunities, particularly with top recruiters such as Google, McKinsey, Unilever, and KPMG. However, before embarking on a successful career path, choosing the right MiM university is crucial as it can significantly impact future earning potential. The points below provide insights into the average salaries offered by the top 10 MiM universities:

  1. HEC Paris, France: Offers an average salary of $136,000.
  2. London Business School, UK: Provides a salary range of $46,000 to $113,000.
  3. ESSEC Business School, France: Offers an average salary of $136,000.
  4. INSEAD, France: Provides a salary range of $152,000 to $221,000.
  5. IE Business School, Spain: Offers a salary range of $60,000 to $68,000 .
  6. Esade Business School, Spain: Provides an average salary of $79,000.
  7. Copenhagen Business School, Denmark: Offers an average salary of $89,000.
  8. ESCP, Europe: Provides an average salary of $93,000.
  9. ESADE/UVA McIntire/Lignan, US: Offers a salary range of $117,000 to $133,000.
  10. Imperial College Business School, UK: Provides a salary range of $81,000 to $126,000.

These figures highlight the potential for highly paid careers after graduating from these prestigious MiM universities. However, it is important to note that salaries can vary based on factors such as industry, location, work experience, and individual performance


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Top MiM Programs

National University of Singapore (NUS)

Fees: SGD 50K/annum

Location: Singapore

NUS MiM Overview
University of Bath

Management MSc

Duration: 12 months

Format: Full time

Avg. Working experience: NA

Location: Bath, England

MSC Management Overview
London Business School

Masters in Management

Duration: 12 – 16 months

Format: Full time/Part time

Avg. Working experience: 0 – 2 years*

Location: London, England

LBS MIM Program : Complete Overview

LBS MIM Review

LBS Letter of Recommendation

MIT Sloan

Duration: 9 months

Format: Full time

Avg. Working experience: 2 – 3 years*

Location: Cambridge, Massachusetts 

MIT Sloan MiM Overview
USC Marshall School of Business

Masters of Management Studies

Duration: Full time/Part time

Format: 12 – 18 months

Avg. Working experience: NA

Location: Los Angeles, California

USC Marshall MiM Overview

Macquarie University

Duration: 24 months

Format: Full-time

Tuition Fee: AUD 39,600.

You can get an average Salary of AUD 61,000 after completing the degree. 

Macquarie University MiM Programme

HEC Montreal

Duration: 16-24 months (excluding the preparatory phase)

Tuition Fee: CAD 30,500

The average salary of $ 58,000 after completing the degree

HEC Montreal Letter Of Recommendation
Emlyon Business School

Master in Management

Duration: 24 – 36 months

Format: Full-time

Avg. Working Experience: Preferable*

Location: Ecully, France

Emlyon Business School MiM


Application Process & timeline

We strongly advise all our clients to have a proper excel sheet or a timetables mapped out.
Once you are done with GMAT the entire application process usually take 4-6 weeks

Step 1

GMAT / GRE Score

2-3 months.

If you are not sure about what score to target then look at the average score of the schools you want and shoot above the average. 

Step 2

Profile Evaluation

 1-2 weeks.

Get your profile evaluated from a professional consultant and figure out what schools you can target based on your profile

Step 3

Application Prep

3-4 weeks at least. 

Start writing at least 1 month in advance of their 1st deadline. First application usually takes the longest.

Step 4

Interview Prep

1 week

School will notify you and give you roughly 1 week to schedule your interview. Ideally, start your prep ASAP and Do some mock interviews.

FAQs about MiM

A MiM program is a graduate-level degree designed to provide students with a comprehensive understanding of management principles, business fundamentals, and leadership skills. It is suitable for recent graduates or individuals with limited work experience seeking to kick-start their careers in various industries.

MiM programs usually cover a wide range of subjects, including finance, marketing, strategy, operations, human resources, and more. The curriculum aims to provide a comprehensive understanding of various aspects of business management.

You can enter all types of work experience in the Education and Experience section as well as detailing these experiences on your CV (Resumé).

Yes, MiM programs often provide networking opportunities through interactions with peers, faculty, alumni, and industry professionals. Some programs also include events, workshops, and seminars that facilitate networking.

Research is key. Consider factors such as program curriculum, faculty expertise, reputation, industry connections, internship opportunities, and location. Think about your career goals and how well the program aligns with them.

What Can We Do For You?

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Interview Prep

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