The Masters in Management, or MIM, is a recent phenomenon that originated in Europe but is being recognized by many North American universities. The course, which lasts anywhere from 10 to 18 months, is a management curriculum meant to provide you with the skills you need to run a firm. Those with less than two years of work experience chose this program, whereas more seasoned professionals prefer an MBA. There are many top colleges in Europe for MIM and MBA.
A MIM from Europe program is like the PGP programs given by IIMs and is also known as MA in Strategy and International Management, MSc. in Management, or Masters in International Management. In fact, the IIMs in Ahmedabad, Calcutta, and Bangalore are among the top 30 universities that provide MiM-equivalent degrees. A MiM program’s curriculum is comparable to that of an MBA, except a MiM course focuses on the theoretical side of business management.
To be clear, a MIM degree is not a replacement for an MBA, and there are many distinctions between the two, with an MBA outperforming the MiM program job options and salary. So, let’s look at the exams that you need to focus on while preparing to pursue MIM from Europe and what other things are required.
Requirements For Applying to a Masters in Management (MiM) Program in Europe
The following are the conditions that must be met to be eligible for admission to MiM programs provided by top business schools:
GMAT/GRE Score that is Valid
To apply to top institutes’ MiM programs, you must have a valid GMAT/GRE score. To get a rough notion of your desired score, check the average GMAT/GRE score of the most recent batch at the B-school you want to attend. Please keep in mind that while most B-schools will accept GMAT results, some B-schools may not accept GRE scores. Please be careful.
A Valid TOEFL/IELTS Score
To be eligible for MiM programs, you must have valid English skill exam results. , institutes must a score of 100 or more to be considered, but, some may need a score of 110 or above.
Application Form
This section of your application, which includes your essays and letters of recommendation. It will provide the admissions committee with a sense of whether you are a good fit for the B-school or not.
These three factors are the most crucial among the many factors considered by a B-admissions school’s committee. Pay special attention to the application form, which is the most crucial part of the admissions process.
It is also crucial to note that there is much more to learn about a MiM. As we see the wide possibilities of positions available with a MiM degree and the value of a PGP from an IIM vs. a MiM from a top-5 European management college. This information should be enough to get you thinking about a very lucrative alternative to an MBA!
What Kinds of Jobs do Masters in Management (MiM) Graduates Get?
The top five job functions for which MiM graduates are expected to be hired are as follows:
- Finance/Accounting – Finance, client relationship management, and business intelligence are all areas of finance and accounting.
- Consulting, Business Intelligence, and Strategy are all terms used to describe consulting services.
- Marketing, market research, and project management in health care.
- Project Management, Business Intelligence, and Strategy are all areas of technology.
- Operations, Accounting, and Business Development are all aspects of manufacturing.
MiM graduates are more likely to get jobs by larger corporations, such as Fortune 500 companies, than by smaller businesses. Consulting, products/services, and manufacturing industries have the largest need for MiM graduates.
Types of Job Profiles
The following are some of the most common jobs among MIM from Europe.
Manager of Social/Digital Media
This is a crucial area for any firm these days, as it is one of the most important areas for marketing and communication. This profession entails a great deal of responsibility, as you are the public face of your company. To execute social media campaigns, you should also know how to use various social media platforms to their best potential and have a creative mindset.
Business Development Manager
Working as a business consultant could be a good fit for you if you have experience managing firms and understand many parts of finance, marketing, business, and management. They are in charge of increasing the company’s revenue by bringing in new clients. Further, their analytical and communication skills come in handy at work, as well as in maintaining positive customer connections.
Project Manager
Project managers operate in a variety of fields and industries, including healthcare, marketing, infrastructure, and information technology. They’re in charge of completing tasks on time. They must be able to work under pressure and in a team setting. In this capacity, their ability to communicate and organize is helpful. Aside from that, they must ensure that the project is complete before time and within the given budget.