MiM or Master in Management is a premium post-graduate degree targeted towards individuals who have just graduated or are young professionals. It is a degree providing comprehensive knowledge about varied management streams such as Finance Air Max 720 Men's Navy Black Australia , Marketing, Consulting, Entrepreneurship among many others. It is a splendid degree, especially if you want to switch streams early in life, or want to foray into the management field. Let us take you through some interesting and prominent aspects of the popular degree to help you understand the question of what is MiM.
Why haven't I heard about it before?
The MiM is a relatively new phenomenon compared to the old and tested MBA concept; but this, in no way Air Max 720 Triple Black Men's Australia , undermines its importance as a first class degree. There is no clear winner in Masters in Management studies vs MBA because both of these have their own strong plus points. With well-known colleges such as London Business School, HEC Paris, ESCP Europe, London School of Economics, Duke Fuqua & Bocconi offering it as their flagship degrees, the MiM is here to stay and will soon be a real force to contend with.
Though the MiM is majorly a European phenomenon Air Max 270 React Men's Black White Australia , colleges in the USA have started taking notice with many well-ranked colleges such as Duke Fuqua, Michigan and Kellogg offering their own versions of the MiM. Often they name it Masters of Science in Management (MSc) or Masters in International Management. Also, the PGDM offered by India's esteemed IIMs are equal to the MiM degree.
The Master in Management degree programs may last between 10 months to two years, depending on the college. MiM usually offers a comprehensive array of electives, allowing you to tailor your course to follow the subjects you love.
Post-graduation prospects
The prospects of both jobs and further studies are good after the MiM. The graduates can pursue Ph.D. programs but most MiM graduates prefer to get employed upon graduation. The average salary of a MiM graduate comes out to be around 鈧?0,000 per year.
MiM degree is well-suited for managerial roles. The fields open for its graduates are numerous 鈥?Finance Air Max 270 Men's White Pure Platinum Australia , Consulting, Marketing, Business Development, Corporate Strategy, Business Intelligence, Accounting Air Max 270 Just Do It Men's White Australia , Sales, Sustainability and much more including those of entrepreneurial nature. Due to its overwhelming similarity and frequent comparison with the MBA, the students of MiM face competition from MBA graduates and up to some extent- vice versa. (see more at MBA vs MiM) Examples of entry-level positions taken up by MiM graduates are- analyst, graduate trainee (eg. entry level management trainee).
Electives and Specializations
The vast number of fields open for MiM graduates can be owed to the numerous electives or specializations offered in this program by Business Schools. Though different schools have their own format and names for such detailed courses, typically popular electives are Finance, Marketing Air Max 270 Flyknit Men's Triple Black Australia , Accounting, Entrepreneurship, Consulting, International Business and Strategy. For example, the ESCP Europe Business School has 6 campuses in Europe and has a unique feature of allowing students to choose their preferred specializations in the campus they desire. This school offers many specializations in more than one languages as well. For example- the Paris campus of ESCP Europe teaches Finance specialization in both French and English. Such creative features of the MiM program in different business schools make it even more attractive.
Electives are courses that the students can elect (or choose) to study apart from the core courses that are must. For example, a student doing a specialization in Marketing may be interested to know more about Law. In this case Air Max 270 Men's White Australia , he or she can choose the entrepreneurship elective and quench the knowledge-thirst in law while specializing in marketing- a completely different subject. Thus, the choice of electives depends on the students, who choose based on their interests, evaluation of future prospects and career plans. Most Business Schools offer a truly diverse range of electives in the fields of Human Resources, Finance, Marketing Air Max 270 Men's Black Gold Australia , Management, Sustainability, Marketing and so on. Therefore, it is safe to say that the customization of the MiM program is extensive. Students get the full opportunity to exploit the resources at their disposal and carve out the perfect career for themselves.
Tuition fees
While the average salary of a MiM graduate is around half of that of an MBA graduate, the average tuition fee is around one-third of an MBA program of similar reputation. This makes the Return on Investment (ROI) amazingly attractive.
The average tuition fee of the top MiM programs is generally significantly more for non-EU students than for EU students. The average comes out at around 37,000 Euro for non-EU students and around 30 Off-White X Air Max 270 Men's White Australia ,000 Euro for EU students. For example, the fees in ESSEC is 鈧?8,000 for non-EU students and 鈧?1,000 for EU students. The tuition fees in RSM is 鈧?5,496 for non-EU students and a mere 鈧?,976 for EU students.
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