The two-year postgraduate MIM degree in management focuses on how a business or organization runs and functions while offering enhanced general management expertise.
This covers the company’s administrative, financial, and marketing facets. MIM occupations are available after graduation: project manager, production manager, operations assistant, general manager, CEO, assistant manager, corporate officer, executive director, and assistant to CEO.
Learn more about the Masters in Management MIM course below. See the table of content for all this article will cover.
Table of contents
- What is a MIM Course?
- Is a MIM Degree Worth It?
- Why MIM Study Abroad?
- Skills/Qualities of an Excellent MIM
- Job Opportunities for MIM
- What Are MIM Core Subjects?
- MIM Eligibility Requirements
- Tests Necessary for Studying MIM Abroad
- What Are the Specialization in MIM?
- Best Masters Programs in Management
- Best MIM Universities Abroad and Their Fees
- Best MIM Schools in the USA
- Best MIM Schools in the UK
- Best MIM Schools in Canada
- Best MIM Universities in Australia
- What is the Cost to Study Masters in Management Study Abroad?
- FAQs for MIM Courses Abroad
- Conclusion
- References
What is a MIM Course?
A Master in Management (MIM) program is a postgraduate degree that can be completed in one or two years, depending on the location and university that the student chooses to attend. MIM focuses on Marketing, Finance, Entrepreneurship, Consulting, and allied sectors, similar to other management degrees.
The main elements listed below can assist you in comprehending the advantages of enrolling in this degree program:
- Excellent for people seeking postgraduate programs with a high return on investment.
- By pursuing further education, working professionals can advance in their positions.
- Students who excel in finance, marketing, and management can choose MIM courses.
- Candidates opting for management courses in addition to MBA programs should strongly consider MIM.
See also: What is Purchasing and Supply Management in 2023?
Is a MIM Degree Worth It?
Any company may hire someone with a Masters in Management (MIM) degree for a managerial role. The degree provides students with the tools they need to succeed as professionals. Most MIM graduates are hired by consulting and finance organizations. However, other major industries, including consumer services, media, hotel, leisure, food, etc., also hire MIM graduates.
Graduates may also launch their businesses, while some pursue more education by enrolling in a doctoral program, teaching position, or research project in the same field.
Why MIM Study Abroad?
If you relocate abroad to pursue further education, you can immerse yourself thoroughly in a new culture. Management schools and institutes worldwide offer various options for earning a postgraduate degree.
Here are some main justifications for international students attending a management master’s program overseas.
Different Specializations
Students enrolling in an international MS in management program will encounter various standards and disciplines. The course will include marketing, finance, entrepreneurship, consulting, and other pertinent subjects.
Top-Rated Universities
The majority of the most reputable and well-known universities worldwide provide the top MIM programs globally. The best MS in management programs is offered to international students by HEC Paris, ESADE-Spain, and other universities.
Professional Experience
Management is a diverse discipline with roots in various industries, including business, advertising, healthcare, media, and more. The professional expertise that students want can be obtained by pursuing an advanced degree in MIM.
Having Multiple Positions
After earning their master’s in management, students have various employment options. Graduates can find employment in the best companies and organizations.
After completing their training, students may be hired for some of the highest-paying positions in the industry. Risk managers, financial risk analysts, social media managers, and investment analysts are included.
Skills/Qualities of an Excellent MIM
We’ve compiled a list of qualifications that applicants who want to pursue MIM must possess:
- Result-oriented Mentality
- Leadership Skills Academic Excellence Time Management
- outstanding multitasking abilities
- Collaboration Problem-Solving
- Analysis Capabilities
- Skills in Communication
- Adaptability in the Face of Change Real-World Experience
Job Opportunities for MIM
MIM is a professional degree that prepares students with no fewer skills than MBA. Graduate students have many employment options to build successful careers.
Some of the most sought-after employment options are listed below:
Risk Manager
A risk manager’s responsibility in an organization is to assess the level of uncertainty related to a certain occurrence using the proper resources and expertise.
These experts uphold a company’s security, safety, profitability, and reputation. Candidates receive high salaries because the position is demanding and loaded with duties.
Every organization keeps up their profiles on various social networking sites like Facebook, LinkedIn, Google Plus, etc., in this age of digitization and social media.
The social media manager is responsible for monitoring what is happening and handling all relevant activities.
Project Director
A project manager is responsible for everything from creating a project overview to budgeting costs and fulfilling the objectives.
Project managers are necessary for every business to offer customers goods or services.
Management Advisors
After earning a management degree, management consulting is the most sought-after job path.
Large corporations and organizations employ professionals to utilize resources as efficiently as possible and collaborate with management-specific teams or departments. Additionally, the advisors track the company’s general expansion.
Entrepreneur
A person with a management degree will be well prepared to launch their own business. Individuals would find it simpler to combine their knowledge, hobbies, and training to realize their dreams.
You should also read: What is Senior Management in 2023?
What Are MIM Core Subjects?
MIM is a 1.5 or 2-year degree program, with the first part laying a solid foundation for management sciences and related ideas like statistical techniques and analytical skills.
The following is a list of some master in management programs:
Accounting, Commercial Law, Corporate Public Relations, Finance for Corporations, Economics, Entrepreneurship, Making Ethical Decisions, Human Resource Management, and Information Technology.
MIM Eligibility Requirements
Before beginning the application process, candidates should confirm the course prerequisites. The following is a list of requirements for being eligible to pursue a Master in Management (MIM):
- A bachelor’s degree from an accredited university is a requirement for enrollment. Candidates should carefully research any minimal GPA requirements that some universities may have.
- The candidate must get the required English language proficiency test scores, such as the IELTS, TOEFL, or PTE.
- A GMAT or GRE score that satisfies the university’s requirements.
- Two letters of recommendation
- Some colleges may require at least two to three years of work experience.
Tests Necessary for Studying MIM Abroad
The following tests must be taken to be accepted into prestigious B-schools:
Exams with set standards:
While most B-schools may require a GMAT score to apply for the MIM program, some prestigious institutions also accept the GRE score. It is best to confirm whether GMAT or GRE scores are required with your applying institution.
Tests of language proficiency:
You must have valid English language proficiency test results to enrol in any prestigious institute providing a MIM. Therefore, confirm with your college the IELTS, TOEFL, or PTE results they accept for English language proficiency tests.
What Are the Specialization in MIM?
The Master in Management program is intended to be completed in two years. The first year lays a solid basis for management sciences and related ideas, including analytical skills and statistical procedures.
Various specializations, including marketing management, financial management, operations management, human resource management, and more, are emphasized in the later phase.
The following MIM specialities are available: Economics, Finance, Analytics, Accounting, and Marketing.
Best Masters Programs in Management
MIM courses are widely offered at foreign universities. However, one must decide whether to pursue an MS, MA, or MBA in management. All three degrees fall under the postgraduate studies category and offer a management concentration.
Some of the well-known MIM courses that students might select to take are listed below:
Master of Arts in Strategy and International Management; Master of Science in Management; Masters in International Management; Master’s in Management; Master in Business Economics and Management; Master of Science in Management-Engineering; Masters in General Management; Master of Global Management; and Master of Management – Early Career Masters (MM-ECM).
Best MIM Universities Abroad and Their Fees
These are some of the top MIM schools abroad:
- University of Oxford – $33220
- Harvard University – $46690
- University of Cambridge – $25670
- University of California, Berkeley – $41722
- Stanford University – $17501
- Yale University – $54650
- New York University – $52538
- University of California, Los Angeles – $32160
- Princeton University – $53346
- Columbia University – $59105
Best MIM Schools in the USA
The USA is home to some of the top colleges and universities in the world that provide the best MIM programs. The top MIM schools in the USA are listed below;
- Harvard College
- University of California, Berkeley
- University of Yale
- Stanford University
- University of New York
Best MIM Schools in the UK
Institutions in the UK have been around since the 13th century. As a result, the UK is among the greatest places to pursue a MIM. The top colleges in the UK for MIM are listed in the table below:
- Durham University Business School
- London Business School
- Imperial College Business School
- Cranfield School of Management
- Warwick School of Business
Best MIM Schools in Canada
Canada, also known as the “Great White North,” is one of the top international destinations for MIM programs:
- Toronto University
- University of British Columbia
- University of McGill
- College of Montreal
- Alberta University
Best MIM Universities in Australia
Australia, also known as the “Land Down Under,” has become one of the most popular places for students to pursue higher education. The following is a list of Australia’s top MIM colleges:
- Melbourne University
- Australia National University
- Monash University
- University of Sydney
- University of New South Wales
You should also read: Loyalist College: Rankings, Fees, Courses, Admission 2023, Scholarships
What is the Cost to Study Masters in Management Study Abroad?
The student’s expenses vary depending on which countries offer chances for overseas students to pursue their studies. You should be informed of the expenditures you may incur during your academic experience before choosing a place and a degree.
Program fees and living expenses can be divided into two categories to determine the overall cost of studying abroad.
Tuition fees
For one year, tuition at the best MIM colleges globally costs between USD 15017 and 25028 (INR 12,00,000 and INR 20,00,000). The chosen nation and academic institution will affect the course’s cost.
Price of Living
In addition to program fees, there are other expenses to consider when studying abroad. These costs would cover housing, food, transportation, and other things. Depending on the country visited, a person’s cost of living varies. For instance, the projected cost of living in the UK is around £1,000–£1500–£2000 (INR 79655–119483).
FAQs for MIM Courses Abroad
MIM is well-liked in European nations while being accepted everywhere. More theoretical exposure is provided to candidates, and there are several internship options. As a result, it also gets a candidate ready for the workforce. Additionally, working overseas provides applicants with priceless experience and practical information that benefits one’s job.
The MIM program is well-liked throughout Europe; Italy, Germany, Spain, France, and the UK are among the most popular locations for MIM study abroad programs.
Studying MIM is less expensive than getting an MBA. A MIM-equivalent MSc in MBA program is available from the University of Cologne. Students do not need to pay tuition because the government finances the university, but they must make arrangements for a little “semester contribution” that includes public transportation.
Some of the well-known institutions that offer MIM courses are A. Frankfurt School of Finance and Management, HEC Paris School of Management, London Business School, and the University of St. Gallen in Switzerland.
Most MIM programs have shorter course lengths than MBA programs do. Most MIM programs last for a full year or even 1.5 years.
MiM degrees are particularly helpful for individuals who seek them after earning an engineering bachelor’s degree. Students receive internships from employers. The work experience is priceless for graduates since it complements the theory they gained in business school with real-world experience. They benefit from a fantastic start to their professional careers as well.
Conclusion
Are you debating whether to pursue a master’s in management now that you know the definition? Well, depending on the circumstances, several options will be available.
The MIM is a fantastic degree, and you may expect a fast-track career path with it; this is one thing we can confidently say.
References
- Mastersportal – Master in Management MIM Courses Abroad 2023
- Leverageedu – Master in Management MIM Courses Abroad 2023
- Getmyuni – Master in Management MIM Courses Abroad 2023
Recommendation
