Masters abroad: preps and steps

MIM in Europe: A Complete Guide on Master in Management in Europe

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Tumul Buch
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Europe is home to a vast range of countries and environments, as well as a diverse range of master's degree programs offered by the best MIM colleges in Europe. From MBA to MIM courses, international students can pursue all types of courses in various European colleges and universities. MIM courses in Europe primarily include broad management courses; that allow students to specialize in a specific industry.

Students planning to study in Europe can also enroll in a specialized business master's program, such as an MSc in Finance, a Master of Accounting (MAcc), an MS in Supply Chain Management, or a Master's degree in Sustainability, among others.

In this article, we have covered all the major aspects of the MIM course in Europe. You will also get complete insight about the top MIM colleges in Europe, admission process, eligibility, job prospects, and others.

Table of Contents

Why Study MIM in Europe?

MIM courses in Europe are fast experiencing an influx of international student applicants. Before moving onto MIM Europe, let us first make you aware of the reasons why you should study MIM courses in Europe:

  • Europe is a pet destination for MIM: MIM first originated in the UK, and therefore Europe is the first destination that comes to any international student’s mind looking for an MIM abroad.
  • Hub for top universities: Best MIM Europe will offer you some of the top universities to study at. A majority of universities are ranked and recognised by prestigious rankings such as QS World Rankings, THE World Rankings, Financial Times Rankings, etc.
  • Inexpensive than an MBA: MIM has a shorter duration, and therefore is cheaper and much more affordable than an MBA in Europe. An MIM fee ranges from 10,000 EUR to 20,000 EUR as compared to 30,000 EUR to 45,000 EUR for an MBA.
  • Excellent job opportunities: Now that Europe is a popular destination to pursue an MIM, it is highly evident that it offers international students with some top-notch career opportunities, and a great scope in future.

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Overview of MIM in Europe

Before moving on to knowing about the MIM courses in Europe, and universities; let us help you with an overview of MIM Europe.

Duration

10-12 months

Type of Degree

Post Graduate

Tuition Fees for International Students

10,000 EUR to 20,000 EUR per annum

Specialisations Offered

Supply Chain Management

Business Management

Entrepreneurship

Finance

Top Universities

London Business School

ESADE Spain

University of Bocconi

HEC Paris

IE Business School

Best MIM Universities in Europe

If you search for universities offering the best Master in Management Europe, you will find that there are some top universities/business schools in different parts of Europe offering MIM courses. Each university offers a broad course including marketing, finance, counselling, etc. Some of the best MIM Colleges in Europe are:

  1. HEC Paris
  2. ESSEC Business Institution
  3. CEMS
  4. ESADE Spain
  5. ESCP Europe Business School
  6. IE Business School
  7. University of Copenhagen
  8. University of Bocconi
  9. Rotterdam School of Management
  10. London Business School

So, these are some of the best colleges for MIM in Europe offering MIM Europe programs to international students. Let’s discuss it in detail:

HEC Paris

HEC Paris is a prestigious business school in Europe with over 13,000 students. It specialises in management research and is routinely regarded as one of the best colleges for MIM in Europe. The MIM includes courses in corporate finance, finance, cost analysis, marketing, business performance, and more.

Type

Private

QS Subject Ranking 2022

10

Program Offered

MIM

Course Duration

2 years

Program Fees

31,667 EUR (2,464,281 INR) for two years

ESSEC Business Institution

The Economic Institute, originally known as the Ecole Superieure des Sciences Commerciales, was founded in 1907. Students are admitted via an entrance exam with a 6-7% acceptance rate. International students choose their study and career path by creating their own academic, professional, and international curriculum through a network of academic and corporate partners, which is at the heart of the MIM Program.

Type

Private

Program Offered

MIM course in different subjects

Course Duration

2 years

Program Fees

12,139 EUR (9,44,639 INR) per annum

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CEMS

The CEMS Master in International Management is one of the best colleges for those pursuing a global career. It is only available to students enrolled in an MSc Program at one of the CEMS Academic Member Schools. The CEMS MIM is a potent blend of academic knowledge and experiential learning that is jointly given by premier universities, business schools, and non-profit organisations. By enrolling in this master's degree in international management, you will have the opportunity to gain experience through qualified and comprehensive leadership courses valuable globally.

Type

Public

Program Offered

MIM

Program Duration

2 years

Program Fees

No Tuition Fees Except Application Fees of 106.56 EUR (INR 8,267)

ESADE Spain

International students pursuing MIM courses are given several obstacles faced by businesses while enrolled in this program. They must analyse the issues and propose a solution. The training equips you to work in a worldwide context and to read crucial management information. While studying this course, MIM graduates gain real-world experience and are well-prepared for the leadership challenges further.

Type

Private

Program Offered

MIM

Program Duration

2 years

Program Fees

36,417 EUR (INR 2,833,972) per annum

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ESCP Europe Business School

ESCP Business School, which was founded in 1819, has produced generations of leaders and entrepreneurs. ESCP Business School's MIM course offers a distinctive multicultural education approach in the field of business and a global perspective on International Management concerns through its six urban campuses in Berlin, London, Madrid, Paris, Turin, and Warsaw.

Type

Private

Program Offered

MIM

Course Duration

7 months

Program Fees

21,111 EUR (INR 1,642,828) per annum

Is MIM worth it?

IE Business School

IE Business School is a reputed business school in Madrid, Spain, and is the best in Europe. The Master in Management is composed of 2 periods of central business modules and a third period of concentration. In the main courses during the first 2 periods, students will cover the keystones of business management and expand the viewpoint to see the business organisation entirely. The institute helps students to build their credibility in leadership and management quality.

Type

Private

Program Offered

MIM

Course Duration

1 Year

Program Fees

40,838 EUR (INR 3,168,720.52) per annum

University of Copenhagen

Offering the best MIM Europe, the University of Copenhagen is known to impart impeccable knowledge of management disciplines. The university helps students build an unmatchable profile in the field of management, and thereby facilitating students get a well paid job, and many industrial exposures. Some core specialisations to pursue the best MIM Europe at University of Copenhagen include Econometrics, Corporate Responsibility, etc.

Type

Public

Program Offered

MIM

Course Duration

10-12 months

Program Fees

40,838 EUR (INR 3,168,720.52) per annum

University of Bocconi

Located in Italy, the University of Bocconi is known for its rich culture and traditional teaching methods in the field of management, law, finance, public administration, etc. The university is world famous for offering the best MIM courses in Europe. International students get an opportunity to stand out, thereby achieving a global perspective and an international experience.

Type

Private

Program Offered

MIM, MSc in International Management

Course Duration

10-12 months

Program Fees

22,000 EUR (INR 18,222,38) per annum

Rotterdam School of Management

A part of Erasmus University, the Rotterdam School of Management offers students an exemplary approach towards MIM Europe. The B-School offers a variety of disciplines, which are renowned worldwide for their high employability, and outstanding faculty. Students graduating from MIM at Rotterdam get job placements in the field of consulting, consumer goods and food, industries and utilities, etc.

Type

Public

Program Offered

MIM, MSc in International Management

Course Duration

10-12 months

Program Fees

22,664 EUR (INR 18,774,85) per annum

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London Business School

The London Business School is a renowned business school located in London, UK. The MIM offered at the London Business School is one of the best MIM courses in Europe. Moreover, it is a potent blend of academic knowledge and experiential learning that is jointly given by premier universities, business schools, and non-profit organisations.

Type

Public

Program Offered

MIM

Course Duration

10-12 months

Program Fees

27,500 EUR (INR 25,892,85) per annum

Eligibility Criteria and Admission Requirements for MIM in Europe

MIM is a program for recent graduates who have 1 or 2 years of work experience and want to improve their abilities. The MIM programs in Europe have been an alternative to an MBA over the last decade. Some of the following eligibility criteria are:

  • Academic Qualifications
  • English Language Proficiency Test Scores
  • Work Experience
  • Standardised Tests
  • Europe Passport and Visa
  • Additional Requirements

So, these are some of the MIM in Europe requirements that international students need to fulfil to get admission in top universities.

Academic Qualifications

International students must hold a bachelor's degree in business administration or a comparable field. This helps in pursuing a MIM course easily.

English Language Proficiency Test Scores

Having a good score in English Proficiency test for the best MIM programs in Europe is essential. However, you need to check which universities in Europe accept the below -mentioned test scores:

Not many universities in Europe ask for work experience, there are some who require at least 2 to 3 years of professional experience for the MIM program.

Standardised Tests

While most European business schools demand a GMAT score to apply for the MIM program, a few notable foundations accept GRE scores. It's a good idea to double-check whether MIM without GMAT in Europe is an option by the college you're applying to.

Passport and Visa

All international students willing to study MIM in Europe need to have a valid passport and study visa issued 3 months before.

GRE Accepting Universities in Europe

Documents Required for MIM in Europe

To secure admission in master in management in Europe, there are some MIM in europe requirements that need to be submitted for the admission process. The following documents are:

  • A photocopy of your official identification documents
  • Your curriculum vitae.
  • Letter of motivation
  • SOP
  • Academic Transcripts
  • GMAT/GRE score report (if applicable).
  • Documentation proving financial support.
  • A TOEFL or IELTS scorecard.
  • Proof of proficiency in any other foreign language required for the CEMS MIM program

Difference Between MIM and MBA

Admission Process for MIM in Europe

A step-by-step process to get admission in top MIM colleges in Europe is provided below:

  • Choose the college you'll attend in Europe to apply for MIM programs. Visit the website for the date of admission and application submission.
  • Get all qualification and affirmation cycle information on the official college website. Check with the college to check if your bachelor's degree is accepted.
  • Upload copies of the many required documents that have been reviewed (mark sheet, CVs, IELTS/TOEFL, GMAT/GRE scorecards).
  • Complete the application process and pay the required money.
  • You will be asked to complete a University Interview after completing and presenting your web-based application format.
  • If you pass the interview, you will be given an acceptance letter. Following receipt of the letter, you can book a place at the college of your choice.

Sample SOP for MIM

Cost of Studying MIM in Europe

The cost of studying MIM in Europe depends on the university you are choosing to seek admission to. It is further divided into tuition cost and cost of living.

Tuition Fees

The MIM fees in Europe depend on the university you are pursuing a Master in Management. On average, the MIM fees in Europe is around USD 34,834.31/ (2,710,757.29 INR) yearly.

Universities

Cost per annum (in USD)

Cost per annum (in INR)

Public Universities

2,131

165,392

Private Schools

34,834

2,710,757

Cost of Living

Many students think that the cost of living in Europe is cheaper because of the lower college costs, but this is not the reality. It completely depends on the country and your living conditions. On average, the cost of living is around USD 5,700.16/ (443,578.48 INR).

Expenses

Cost per month (in USD)

Rent

340.95 (INR 26,532.25)

Food

81 (INR 6,653)

Travelling

73.63 (INR 5,716)

Book Supplies

31.55 (INR 2,449)

Expenses for Studying in Europe

Top Scholarships for MIM in Europe

If you're an international student interested in pursuing the best MIM programs in Europe, you may be eligible for a scholarship. Some of these are mentioned below:

Scholarships

Grant Offered

Erasmus Mundus Scholarships

The European Commission is leading an initiative to give money for students from all around the world to study at designated European institutions. The fund may vary

Surf Shark Privacy and Security Scholarship

A USD 2,000/INR 155,637.20 award is given to a student currently enrolled as a high school, undergraduate, or graduate student in the United Kingdom or any European Union (EU) country.

Austrian Government Scholarships

Monthly scholarships of around USD 1,108/ INR 86,251.03 are offered for overseas students at all levels of study for up to four months.

Eiffel Scholarship Program of Quality

The Eiffel Excellence Scholarship program 2022 is available for undergraduate and master's students interested in studying in France and receiving fully funded master's and PhD scholarships.

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Job Opportunities after MIM in Europe

The MIM courses in Europe focus on improving management fundamentals. Since MIM is such a new field as a result there are many jobs after MIM in Europe. Students who complete this degree typically obtain entry-level positions such as Management Trainee. They also have the opportunity to work as analysts. The average annual salary after MIM in Europe is around USD 34,690/(INR 270,000).

Job Prospect

Annual Package per annum (in USD)

HR Manager

51,844 (INR 41 lacs)

PR Manager

34,146 (INR. 27 lacs)

Business Development Manager

53,468 (INR. 42 lacs)

Sales Manager

48,959 (INR. 38 lacs)

Best Jobs after MIM for International Students

MIM in Europe offers a promising career for international students. We have covered all the major aspects of the Master in Management in Europe. Students need to be accurate in terms of choosing the university. To learn more about MIM Colleges in Europe and other related information sign up on Yocket and have your questions answered quickly.

Frequently Asked Questions about MIM in Europe

Which country in Europe is the best to study MIM?

What are the best universities to study MIM abroad?

How long will the course last?

Is it possible to acquire a scholarship in Europe for MIM?

Is it necessary to get health insurance to study in Europe?

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