A Master's in Management (MiM) is a postgraduate program designed to equip students with a holistic understanding of business management principles. Typically spanning one to two years, MiM programs cover key areas such as finance, marketing, strategy, and leadership. Renowned institutions like London Business School, HEC Paris, and the University of St. Gallen offer top-tier MiM programs, attracting students globally. These programs often cater to recent graduates or early-career professionals, providing them with the skills and knowledge needed to thrive in diverse business environments and accelerate their careers in management.
Individuals pursue a Master's in Management (MiM) to enhance their business acumen, leadership skills, and career prospects. The program provides a comprehensive understanding of management principles, strategic thinking, and practical skills, making graduates well-equipped for diverse roles in the corporate world. MiM is particularly appealing to recent graduates or early-career professionals seeking to accelerate their career growth, broaden their skill set, and gain a competitive edge in the competitive job market, ultimately positioning themselves for leadership roles in various industries.
Getting into MIM is competitive because of the high ROI and prestige; this is where Yocket Premium can help you. With streamlined insights, our experts provide you with all the necessary information that one might need to know before and after pursuing a Masters in Management.
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However, if you are unsure about the MIM career opportunities, rejoice! This article covers jobs after MIM, Masters in Management salaries, top university average salaries, and tips to become job-ready after MIM.
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Overview of MIM Job Prospects Abroad
Many students opt for MIM courses instead of an MBA abroad due to flexible admission criteria and a cheaper fee structure. Besides, MIM universities require only 1-3 years of work experience or none.
An MIM program prepares graduates to handle leadership roles in multiple companies. It includes personality development sessions to improve interpersonal skills and teamwork. Furthermore, case studies as part of the course help students understand how a manager’s decision can impact the business in a lucrative manner.
So, if you want your jobs after MIM to be in managerial or supervisory roles, an MIM abroad will surely help you acquire knowledge and skills to resolve organizational conflicts, improve team functioning, and make controlled/evaluative decisions.
What is the Average Salary After Pursuing MIM?
The average salary offered through masters in management jobs at top universities ranges from $50,000 (INR 4,168,840) to $100,000 (INR 8,337,680) per year. Top recruiters also offer international students the highest packages, ranging from $100,000 (INR 8,337,680) to $150,000 (INR 12,506,520).
The salaries are quite variable and entirely dependent on your skill set and how fast you adapt to your environment.
What are the Top In-demand Job Roles After MIM?
MIM graduates can work in consulting, financing, technology, government & non-profits, retail and luxuries, etc. Additionally, in the last few years, recruiters have preferred MIM graduates as they are younger, can be easily molded, and embrace corporate values faster. In fact, they are fast learners, risk-takers, and internationally mobile. Let’s have a look at the popular MIM job opportunities for graduates.
- Business Development Manager: Knowledge from the MIM program on business handling, finance, marketing, and management can help you work as a business manager. You will be responsible for bringing new clients to the organization and maintaining positive relations with the existing ones. As per the emolument, the average salary of a business development manager is $62,000, or INR 5,169,360.
- Project Manager: With a MIM degree, you can work as a project manager in various fields like IT, infrastructure, and healthcare to handle tight project schedules, complete deadlines, and maintain communication within the team. According to the emolument, the highest product manager’s average salary after MIM is $107,000, or INR 8,921,320.
- Social Media/Digital Manager: Students can build their careers with a Masters in Management by working in marketing and communication. This profile requires a lot of accountability, as you will be the face of your organization. Here, the job after MIM demands that you be creative and know social media platforms/digital marketing. According to the emolument, the average salary of a social media/digital manager is $54,000, or INR 4,502,350.
Top Recruiters for MIM Jobs Abroad
Moving on, let us now help you connect with some of the top recruiters across the globe to ace your MIM career.
Fields such as consulting and finance provide the majority of employment to MIM graduates. Some other popular sectors include technology, retail, luxury goods, etc. Some top recruiters to start your careers with a masters in management include:
- BCG(Boston Consulting Group)
- Mckinsey
- Loreal
- KPMG
- BNP Paribas
Difference Between MIM and MBA
Top MIM Universities and Their Average MIM Salaries
All candidates can become successful with a Master in Management, as the world’s top recruiters like Google, McKinsey, Unilever, and KPMG offer various MIM career opportunities. But before getting a promising job in hand, one needs to pick the right MIM university that helps build their career with a highly paid average salary.
Let’s go through this table to know the average salary offered by these top 10 MIM universities:
|
University |
Average Salary (in USD) |
Average Salary (in INR) |
|---|---|---|
|
HEC Paris, France |
$136,000 |
₹1,08,00,690 |
|
$46,000 - $113, 000 |
₹36,50,000 - ₹90,00,000 |
|
|
ESSEC Business School, France |
$136,000 |
₹1,08,00,690 |
|
INSEAD, France |
$152,000 - $221,000 |
₹1,20,70,000 |
|
IE Business School, Spain |
$60,000 - $68,000 |
₹50,00,000 |
|
Esade Business School, Spain |
$79,000 |
₹65,00,000 |
|
Copenhagen Business School, London |
$89,000 |
₹70,00,000 |
|
ESCP, Europe |
$93,000 |
₹73,00,000 |
|
ESADE/UVA McIntire/Lignan, US |
$117,000 - $133,000 |
₹92,91,000 |
|
$81,000 - $126,000 |
₹1,00,00,000 |
MIS vs MEM vs MIM vs MBA - Which is Best?
Tips to Get Job-Ready After Master in Management
If you have graduated in MIM from a university/b-school other than the top ones, you will have to put in extra effort to hold a job. Follow these paramount tips for getting a remunerative Master of Management studies salary.
- You can choose a country where the immigration laws are lenient compared to others. This decision will give you more time to find work after completing your MIM degree. For example, a job after MIM in Spain needs to be finalized within 3-months of graduation. This scenario can be strenuous for a few average students. Therefore, make your selection considering a country’s immigration laws.
- The job market abroad is extremely competitive. It might get difficult to secure a job position even after completing your Master in Management from a prestigious university. So it is advised to enhance your skills, be proactive, and gain experience in a particular industry where you want to work.
- Get an internship while pursuing your MIM education, and secure the position after completing it. Many companies appoint interns from top MIM colleges, so ensure to apply for one.
- Build a strong network by making new friends, industry contacts, or business partners. Through corporate contacts, one can quickly get multiple MIM job opportunities.
- You can participate in exchange programs to improve your chances of employability. They provide a learning space for students to prosper by working on joint problems, ensuring a secure future.
From the Desk of Yocket
After completing a Master's in Management (MiM), international students can pursue careers in consulting, finance, marketing, and project management. The MiM qualification enhances their business skills, making them sought-after candidates for multinational companies. Graduates often secure positions in diverse sectors, leveraging their well-rounded skill set to thrive in dynamic and global work environments, opening doors to rewarding and impactful international careers.
Now you know the top MIM job opportunities, Master of Management studies salary offered by top universities, tips that make careers with a Masters in Management degree, etc. Despite all this information, the actual application and job procurement process can still be difficult and confusing.
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