The Master’s in Management (MiM) is a postgraduate degree that is common throughout the UK, USA and Europe.
It is similar to an MBA degree and is designed to develop business acumen, and get candidates up to the standard demanded by the top employers.
After a year of study, students graduate from the MiM with either a Master of Science (MSc) or a Master of Arts (MA) degree.
Depending on the curriculum studied and the institution running the course, the Master’s in Management can also be referred to as: MSc in Management, MSc in International Business, Master in Business and Economics, or Master in International Management.
The MiM originated in Europe but is now widely available to study worldwide. It's a great choice for those wanting to study abroad, and has even become popular in regions that typically prefer the MBA, eg North America.
You might find that tuition fees are slightly higher at UK and US institutions.
Most institutions require candidates to have achieved a 2:1 or above at degree level to secure a place on a MiM course.
Many providers also require candidates to have graduated recently – in the last two or three years – as this qualification is designed for new graduates who have little or no job experience.
Candidates with non-business-related undergraduate degrees are widely accepted onto MiM courses but, if this is the case, you will need to work harder to prove your understanding of business and your ability to work with numbers.
Some institutions advise that candidates complete the GMAT – the Graduate Management Admission Test – to have a better chance of securing a place on the course.
Often, candidates will be required to submit a CV with two references (academic and/or employer) and provide a personal statement.
In some instances, graduates with a decade or more of experience in the workplace will be accepted onto a MiM course; in these cases, the course is tailored to their expertise and is structured more like an MBA.
Make sure you check the accreditation of the course. A mark of quality in the form of certification from AMBA, AACSB or EQUIS is a good place to start.
A MiM is usually a one year, full-time course. In some cases, the course runs for two years and alternative study structures might be available – like part-time study or even distance learning.
Those with a non-business background will have the opportunity to complete free courses before starting a MiM course. These are designed to help you think more analytically and be ready for the demands of the course.
Students on a Master’s in Management course will commonly study the following subjects:
Aside from the main topics, candidates can focus on their specific interests (economics, communications, human resources, marketing, etc.) and this can lead to specialising in a certain area.
Some MiM courses require a second language to be learned as part of the programme.
There are many opportunities to travel with the MiM – this could be in the form of research field trips, work placements or exchanges.
Historically, MiMs have been case-study-based and focused on theory; however, in recent years, they are becoming much more like MBAs.
Therefore, you might find you are offered practical experience in the form of an internship, have guest lecturers from top organisations, have the opportunity to take part in a Personal Development Programme (PDP), or take part in company-sponsored projects.
The MiM course covers a diverse set of topics helping candidates to develop their understanding of business and organisational behaviour.
Students will graduate with a strong basis in management and an excellent understanding of how a business operates.
During your MiM course, you will:
In some instances, candidates use a MiM as a precursor to an MBA; some institutions even allow the MiM to take the place of the first year of the MBA.
In terms of future prospects, it’s likely that MiM students intend to secure a role in management once they have graduated. The nature of that role, however, can vary vastly.
This is a huge positive for MiM graduates, since it means that they can either specialise and focus on being a manager in one specific area, or they can develop their skills by moving across different sectors.
Here are a few different sector roles you might want to consider once you have gained your MiM:
The key differences between a MiM and an MBA are:
It wasn’t very long ago that a respected qualification in management was only accessible to those who could afford to spend tens of thousands on the coveted MBA.
Times are changing, and the Master’s in Management is now recognised as a qualification that helps individuals become exceptional managers.
The MiM arms its candidates with a critical understanding of business and the leadership skills to be able to command a group of people. It is a great option for new graduates wanting a career in management.
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