Overview
The Master in Management (MIM) is a postgraduate master’s degree awarded to students who normally complete a one to two-year program of graduate-level coursework in business management at an accredited academic institution. It provides general management knowledge for graduates or recent graduates with only a little work experience. Completing the Masters in Management program usually grants a Master of Science or a Master of Arts degree. As the program is designed for students interested in entering leadership roles, the degree attracts applicants from diverse academic disciplines.
The main difference between MBA and MIM is that the MIM helps graduates to start a career while MBA helps young professionals to improve their management career. Masters in Management is for those who are young and want to learn more beyond their bachelor’s degree. MBA, on the other hand, is for those who have already started their careers and need more knowledge to excel in it.
Course Structure
You’ll then study core modules covering areas like:
- Strategic managements
- Economics
- Risk analysis
- Marketing
Course Subjects
The MIM program structure is similar to that of the MBA, MA in Management and MS in Management degrees. Listed below are some of the Masters in Management:
- Accounting
- Business Law
- Corporate Communications
- Corporate Finance
- Economics
- Entrepreneurship
- Ethical Decision Making
- Human Resource Management
- Information technology
- International Business
- Investments
- Leadership and Motivation
- Marketing
Top Specializations
The MIM course is offered across various specializations. Listed below are some of the specializations:
- Finance, Accounting and Management Control
- International Business
- International Sales Management
- Entrepreneurship: Technology and Digital Economy
Sustainability - Business Consulting
- Creativity Marketing Management
Core Skills
Top Skills You Need for a Career in Management :
- Leadership skills
- Communication skills
- Interpersonal skills
- Commercial awarenessCreative problem-solving and effective decision-making skills
- Organization skills
- Negotiation skills
- Forward planning skills
Requirements
As with most other Master’s programs, admissions for MIM programs are competitive, hence it is critical to make the right preparations. Although the requirements vary across universities, the basic ones of which include:
Business schools require you to give the GMAT which forms the most important part of your application. Few universities also accept GRE scores in place of GMAT scores.
They also require a minimum of 2-3 years of work experience (depending on the program you intend to join).
IELTS or TOEFL is compulsory for acquiring a student visa and as proof of English proficiency.
A Master's Degree of Management requires the completion of a Bachelor's degree.
Top Scholarships
Master in Management Scholarships in the Top Programs
- Starr International Foundation Scholarship Fund, for international students completing Masters in English, at HSG
- HSG Foundation Global Shapers Scholarship, for members of the Global Shapers community
- Kistefos St. Gallen Masterclass Scholarship, for exceptional candidates from/linked to Norway
- HEC Foundation Excellence Scholarships, for international students
- The Eiffel Excellence Scholarship, for international candidates under 30 years ($1400 allowance/month, one international trip, social security, etc)
- Fulbright/IE Business School Master’s in Management Award, for 1 award for candidates with up to 2-years work experience (~$43,000)
- Queen Rania Foundation Scholarships for Women Leaders from Jordan for any Master’s (excluding dual degree) (40% tuition)
- IE AIESEC Scholarship for 5 fellowships for candidates pursuing MiM and other programs (25% tuition)
- IE Foundation Scholarship (up to 40% tuition)
- IE Women’s Leadership Scholarship
- IE Talent Scholarship
- IE Women’s Scholarship
- IE Scholarship for Eastern Europe and Central Asia (25% tuition)
- IE Excellence Scholarship (40% tuition)
Beta Gamma Sigma, for 5 candidates pursuing MiM and other programs (25% tuition) - IE Entrepreneurial Scholarship for candidates pursuing MiM as a complement to their previous entrepreneurial experience
- IE Fellow Scholarship (Master’s) (40% tuition)
- Africa Talent Fellowship (20-30% tuition)
- The Middle East & Africa Scholarship with preference to women
Work Opportunities
Popular job roles for MIM graduates
- Business Development Manager
- Project Manager
- Digital/Social Media Manager