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. 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 MIM helps graduates to start to 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 degree. MBA, on the other hand, is for those who have already started their careers and need more knowledge to excel in it.
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 2-3 years of work experience (depending on the program you intend to join). IELTS or TOEFL is compulsory for acquiring student visa and as a proof of English proficiency.
The MIM program structure is similar to that of the MBA, MA in Management and MS in Management degrees. Various subjects include:
Specialization topics include:
Although the fees vary from university to university, the average tuition cost for masters in management in the US are $37,000/year. Average living costs vary upto $8900/year. Tuition fees are around C$32000 in Canada. In Australia, average tuition costs are A$40000 / year and the average living costs are A$8,500/year.
|COUNTRY||AVERAGE SALARY||MEDIAN SALARY|
|United States||$42,228 - $126,658||$73,190|
|United Kingdom||£25,120 - £68,948||£38,904|
|Singapore||S$50,418 - S$202,304||S$77,564|
|New Zealand||NZ$56,394 - NZ$142,880||NZ$80,314|
|Netherland||€22,257 - €123,142||€58,958|
|Ireland||€35,802 - €88,232||€54,963|
|Germany||€34,905 - €110,126||€63,285|
|Canada||C$44,252 - C$108,364||C$72,251|
|Australia||AU$58,155 - AU$146,553||AU$90,377|