Master in Management (MIM) is a sought-after master’s degree program for recent graduates or professionals under two years of experience.
There is a possibility that you might not have heard about MIM as much as you might have about an MBA degree. Through this article, we will take you through the ins and outs of studying at the best universities for MIM.
A MIM is a comprehensive degree and offers a perfect path to start a career in fields such as finance, consulting, marketing, entrepreneurship, and related professions.
The degree was first rolled out in the European continent and is now a part of the curriculum of various top business schools globally. The average duration of the degree varies from nine months to three years.
Some of the best universities for MIM allow students to specialize in a certain field apart from tailor-made courses that strengthen their business foundation. Some of the common specializations are:
3. Entrepreneurship/ Startups
4. Consulting and Strategic Management
5. Arts Management
6. Human Resources/ Organizational Management
7. Healthcare Management
8. Investments/ Insurance
9. International Management
10. Luxury and Retail Management
11. Non-profit management/ Sustainability/ CSR
12. Project Management
13. Supply Chain/ Operations/ Logistics Management
14. Technology/ Information Technology/ Business Analytics
15. Transportation Management
Job Prospects After Studying at Top MiM Colleges in the World
The job prospects after pursuing the degree from some of the best universities for MIM are immense. The coursework prepares students to take up managerial or leadership roles in various industries.
Fresh MIM graduates generally take up the role of management trainee. With personal interest or experience, you can also go for profiles like Training Manager, Advertising Manager, General Operations, Sales Manager, Public Relations Manager, Development Manager, Finance Manager, and many more.
In the long term, MIM graduates can aim for senior leadership positions such as Chief Executive Officer or President.
Best Universities for MIM in the World
While MIM courses started in Europe, top business schools worldwide have adopted the degree in their curriculum. We bring you the top universities for masters in management based on the continent for easier reference and understanding.
Best Universities for MIM in the USA
1. Duke University
2. Cornell University
3. Gies School of Business
4. Georgetown University
Best Universities for MIM in Canada
1. Ivey Business School– Western University
2. HEC Montréal
3. UBC Sauder School of Business
4. Schulich School of Business– York University
Best universities for MIM in the UK
1. London Business School
2. Imperial College Business School
3. London School of Economics
4. Warwick Business School
Best universities for MIM in Europe
1. HEC Paris
2. ESSEC Business School
4. IE Business School
5. Esade Business School
Best universities for MIM in Australia
1. The University of Sydney Business School
2. Macquarie Business School
3. University of Wollongong
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Q1. Which country is the best for a MIM degree?
A. Since the program is Europe-centric, countries like France, Germany, Spain, Italy, Netherlands, and Switzerland are the best for pursuing a MIM degree.
Q2. Is MIM a good program?
A. Yes, MIM or Master’s in Management is an excellent program with many advantages. You don’t require professional work experience to gain admission into the top colleges for MIM in the world. With the right academics and practical experience, you will gain strong managerial and leadership skills. Moreover, the program isn’t as rigorous as an MBA degree.
Q3. What is the difference between MIM and MBA?
A. Unlike an MBA degree, the MIM coursework is curated for fresh or recent graduates with no or limited work experience. An MBA coursework, on the other hand, requires at least two to three years of professional experience.
Competitive b-schools such as Harvard, Yale, or Columbia have students with an average of five to seven years of experience. Additionally, taking the GMAT exam is non-negotiable for an MBA, unlike for pursuing a MIM program. There are fewer eligibility criteria in the case of a MiM degree.
Q4. Is MIM better than MBA?
A. Out of the two, the better one depends on the student’s background, budgetary concerns, years of experience, and many other factors. Overall, MiM is usually shorter and cheaper than an MBA degree.
Q5. Is GMAT necessary for MIM?
A. No, taking the GMAT isn’t necessary for MIM. That being said, we strongly recommend checking the web pages of your dream school to know whether they require you to submit GMAT scores or not. If yes, you will have to appear for the GMAT or an alternative exam.