Master in Management (MIM) offers a valuable educational pathway for those looking to kickstart their careers in management. MIM (Masters in Management) Abroad its flexibility in admission requirements, diverse specialisations, and international recognition, MIM programs abroad provide an excellent opportunity for personal and professional growth.
- MIM (Masters in Management) Abroad Overview
- Why Study Master’s of Management (MIM) Abroad
- MIM (Masters in Management) Abroad Course Structure
- MIM Abroad VS. MIM in India and Exams Required to Study MIM
- Top MIM Universities & Colleges Abroad and Average Fees
- Scope of MIM Abroad Top Companies
- MIM (Masters in Management) Abroad (FAQ)
MIM (Masters in Management) Abroad Overview
Initially, Master in Management changed into taught most effective in European international locations, but now it has spread globally. Not handiest that, MIM has also secured its place in most top agency colleges. But what is the cause for its reputation?
MIM (Masters in Management) Abroad
compelling purpose lies inside the excessive employment quotes among MIM graduates. According to a document published by means of way of the London School of Economics, ninety four% of MIM graduates stable pastime offers internal 3 months of commencement, a good sized benefit in contrast to specific postgraduate applications.
MIM graduates from a top university can assume to earn a mean every year revenue of INR seventy one.9 lakh. That’s not all! A MIM degree opens doors to a worldwide of opportunities. Employers all around the globe are eager to rent graduates from pinnacle MIM packages, so that you’ll have loads of alternatives in terms of building your career.
However, securing an admit to a top university for MIM programs can be difficult. These universities usually have strict competition and tricky application processes. But don’t let that stop you from getting your dream education. Yocket is here to help you make it happen.
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In this article, we will discuss information, which will help you create a sound plan for starting your MIM abroad journey and getting into one. Starting from course structure,
Why Study Master’s of Management (MIM) Abroad?
MIM (Masters in Management) Abroad If you are looking for a master’s in management abroad you will have the chance to fully immerse yourself in a different culture if you move abroad for a university degree. There are several possibilities for pursuing a postgraduate degree in management schools and institutions globally. Here are some of the primary reasons why international students should pursue a master’s in management abroad.
1. Various Specialisations
Students who choose the MS in Management program overseas study a diverse range of subjects. Marketing, finance, entrepreneurship, consulting, and other relevant topics are covered in the course, which gives them a holistic view of business operations.
2. Top-Rated Colleges
Most of the prestigious and famous universities provide the best MIM programs. HEC Paris, ESADE-Spain, and other institutions offer top MS in management programs for overseas students.
3. Professional Qualification
Management is a multifaceted discipline with origins in several professional fields, including business, advertising, healthcare, media, and many more. Students who pursue an advanced degree in MIM will be able to obtain the professional knowledge that they want.
4. Career Opportunities:
Students who have completed their master’s in management typically get hold of numerous excessive-paying task opportunities. Graduates can achieve paintings inside the best businesses and organizations. On the of entirety of their degree, students get hired for some of the highest-paying jobs in the zone, which include:
Risk Manager
Financial Risk Analyst
Social Media Manager
Investment Analyst
MIM (Masters in Management) Abroad Course Structure
MIM (Masters in Management) Abroad Students applying for an MIM have to have a clean understanding of the route. In this section, we will provide a few sizeable components of the program, together with the duration of the direction, core courses, and different required info.
Course Duration
The MIM route period is round 1.Five- 2 years, in which college students learn how to make use of statistics and facts-pushed decisions in business and management. The MIM application contains technical studies applicable to IT administration in addition to those related to conventional control.
Core Courses
The MIM path specializes in the academic aspects of management talents, even as the MBA focuses on the practical. The MBA direction curriculum is designed to provide students with in-depth understanding of how companies operate. These are a few center courses which are part of the curriculum for masters in control abroad:
Strategic management
Economics
Risk analysis
Marketing
Course Subjects
The Master in Management is a 1.5 – 2-year degree program, beginning with the initial phase laying a strong groundwork for management sciences and allied concepts like statistical methods, analytical skills, etc. Some Master in Management programs are listed below:
- Accounting
- Commercial Law
- Corporate Public Relations
- Finance for Corporations
- Economics
- Entrepreneurship
- Making Ethical Decisions
- Human Resource Administration
- Technology of information
MIM Abroad VS. MIM in India and Exams Required to Study MIM
Currently, MIM is more popular in Europe and less recognized in India. As, relatively it is a new degree started a few years back. It is considered a great degree in countries like Germany, France, UK, Italy, and Spain. There are not many colleges offering MIM in India, so, it is a wise decision to pursue MIM abroad. Also, by pursuing MS abroad, your chance of getting a job abroad also increases, which will also help you get overseas work experience.
Exams Required to Study MIM Abroad
To get into top B-colleges overseas for MIM direction admissions, one desires to take the subsequent checks:
Standardized tests: While most B-schools can also ask for GMAT score to use for the MIM programme, however, there are pinnacle institutes that accept the GRE score as nicely. It is higher to check with the institute in which you are making use of whether they may be soliciting for a GMAT or GRE score.
Language talent tests: Valid English Language talent check rankings are a have to to get into any top institute providing MIM. So, take a look at along with your university which English Language proficiency check rankings they be given IELTS, TOEFL or PTE.
MIM Specialization
The Master in Management is designed to be a -year diploma software, starting with the preliminary section which lays a sturdy basis for control sciences and allied concepts like analytical competencies, and statistical strategies. The later segment makes a speciality of diverse specializations together with Marketing Management, Financial Management, Operations Management, Human Resource Management and greater.
Different MIM specializations are:
Economics
Finance
Analytics
Accounting
Marketing
Top MIM Universities & Colleges Abroad and Average Fees
Below provided is the list of top universities offering MIM programs:
| University | Course | QS World University Rankings 2022 |
|---|---|---|
| HEC Paris | Msc Strategic Management | 1 |
| London Business School, UK | Masters in Management | 2 |
| ESADE, Spain | MSc in International Management | 3 |
| ESSEC, France | MSc in Strategy & Management of International Business | 4 |
| Impreial College Business School, UK | MSc in Management | 5 |
| IE Business School, Spain | Master in Management | 6 |
| London School of Economics, UK | MSc Management and Strategy | 7 |
| CEMS (Multiple campuses) | Master in International Management | 8 |
| St. Gellen, Switzerland | Master in Business Management | 9 |
| ESCP Europe, France | Master in Management | 9 |
MIM in the USA
Studying MIM in the US can cost you on an average INR 32.09 L (for 1st year) including both tuition fees and living expenses.
| University | Course Duration | Tuition fee (Approx) (for 1st year) |
|---|---|---|
| Kent State University | 1 year | INR 20.8 Lakh |
| Texas A & M University | 2 years | INR 16.3 Lakh |
| University of Cincinnati | 1 year | INR 20.2 Lakh |
MIM in Germany
Studying MIM in Germany can cost you on an average INR 10.33 L (for 1st year) including both tuition fee and living expenses.
| University | Course Duration | Tuition fee (Approx) (for 1st year) |
|---|---|---|
| Munich Business School | 18 Months | INR 13.5 Lakh |
| Jacobs University | 2 years | INR 16.9 Lakh |
| CBS International Business School | 2 years | INR 12.7 Lakh |
Scope of MIM Abroad Top Companies
The Master of Management program focuses on the fundamentals of management, including a variety of topics such as accounting and finance, marketing, strategy and organization, HRM, operations and IT management. This program is designed for students who already have a degree in engineering or sciences and are interested in taking their career to the next level by getting specialized training in management practices. MIM job opportunities are plenty as this field is relatively new. After pursuing this degree, students generally get entry-level jobs like Management Trainee. Apart from this, they also get roles of Analysts. As per a GMAC Corporate Recruiters Survey conducted in 2017, MIM hiring projections rose to 59% in 2017 as compared to 49% in 2012. As per the survey, large organizations are more likely to hire a MIM graduate.
Types of Jobs after MIM Course
Popular job roles for MIM graduates are:
Business Development Manager
After gaining skills in handling businesses, and also understanding various aspects related to finance, marketing, business, and management, working as a Business consultant can be suitable work for you. They are responsible for growing the business by bringing new clients to their organization. Their communication and analytical skills come handy in their job and maintaining positive relations with the clients.
Digital/Social Media Manager
This is a key area these days for any organization as it is one of the major areas for organizations for marketing and communication. This job involves a lot of accountability, as here you are the face of your organization to the world. Moreover, you should know how to use various social media platforms to their fullest and also have a creative outlook in order to run social media campaigns. You must have a sharp eye for creating a digital media marketing strategy. Also, you must have a strong knowledge of different tools like Google Analytics and other tools to formulate appropriate strategies.
Project Manager
Project Managers can work in any field/sector from healthcare to marketing to infrastructure or IT. They are responsible for getting the work done within tight schedules. They need to work under pressure and tight situations and must be able to handle the team well. Their communication and organizing skills prove useful in this role. Apart from this, they need to make sure that the projects get completed in time within the allotted budget.
MIM (Masters in Management) Abroad (FAQ)
A. MIM is popular in European countries, although it is accepted worldwide. It gives candidates more theoretical exposure with a lot of internship opportunities. Therefore, it also prepares a candidate for professional life. Also, working abroad gives candidates an invaluable experience that also gives them practical knowledge which is good for one’s career.
MIM program is popular in Europe; various European countries like Italy, Germany, Spain, France, and the UK are considered as the most sought-after destinations for studying it
Studying MIM is cheaper than pursuing MBA. The University of Cologne offers an MSc in MBA that is equivalent to a MIM program. As the university is state-funded, students need not pay tuition fee, however, they need to arrange for a little ‘semester contribution’ that includes public transport.
As compared to MBA programs, the course duration of most MIM programs is less. The majority of the MIM programs are even one-year or 1.5 years long.
Currently, MIM is more popular in Europe and less recognized in India. As, relatively it is a new degree started a few years back. It is considered a great degree in countries like Germany, France, UK, Italy, and Spain. There are not many colleges offering MIM in India, so, it is a wise decision to pursue MIM abroad. Also, by pursuing MS abroad, your chance of getting a job abroad also increases, which will also help you get overseas work experience.
