MBA vs. Master in Management (MIM): Alternatives or Substitutes?

Crucial Differences between MIM and MBA

  1. Age
    MIM programs usually do not require expert experience although they are available to young professionals who have been working for a while, mainly up to per year. As a result, the Master in Management pupils are generally much younger than fulltime MBA students, at a few colleges that the average age is 23 years (with a range from 20 to approximately 27 years) than the typical age of 27 to 32 in MBA programs.
  2. Professional expertise
    Professional expertise of Master in Management pupils doesn’t play a major part through the research, whereas MBA programs benefit a lot of value from the expert experience the students bring in the class talks.
  3. Tuition fees
    This may have to do with all the various target groups: young people who haven’t individuals in or planning at leadership positions on the MBA side.
  4. Curriculum and content
    issues, foster team work, and use case studies to simulate real-world scenarios.

MIM applications , however, focuses more on the theoretical side of this management area than the MBA. You might find topics that need strong analytical or mathematical skills along with the final dissertation may be research-oriented. This is how it is for most Master of Science in Management applications supplies theoretical fundamentals of management study and might even be eligible for a PhD program.
By contrast, MBA programs chiefly highlight the practical side. Within an MBA application, for example, you may not ever ask for the sources may focus on more integrative classes and analyze business cases from the technical position of managers. You may work on in-company jobs integrated on your research or engage in a business plan competition. Rather than a final dissertation, you might present a consultancy job rooted in real-world companies and, by this, demonstrate what you have learnt during the app.

  1. Admissions criteria
    Though many colleges also offer the GRE or their very own kindergarten evaluations as alternatives, the GMAT is still an essential means to choose MBA students. Additionally for MIM programs, business schools appear human interviews using MIM program managers indicate that the caliber in the first academic degree is considered as more significant need expertsupervisors (Look for Masters in Management for Advisors ). language, but we handle those applications as”MIM programs” which are available for pupils without professional expertise.
    Academic history: MBA programs are open for students (with work experience) from any academic background. MIM apps are similar but distinct. economics or business. The other two thirds could be split into three groups: one group is available for people who have a business or economics degree and also for individuals from other (often social sciences) areas that have a strong methodological education (physics, psychology, sociology etc.); the next group is open for pupils from all academic areas; and the previous group explicitly targets graduates with no first degree in business or economics.
  2. Standing
    The MBA is the traditional level for postgraduate research compared to MIM. Nevertheless, it seems reasonable to anticipate a growing amount of programs . As for the reputation of the 2 apps two points can be made in the moment:

The MIM is primarily a European phenomenon since 68 percent are provided in Europe – even though US business schools like Thunderbird are grabbing precious than the MIM should both young professionals and professionals, the latter for graduates. Consequently, it seems quite probable that HR managers don’t perceive MBA and MIM in competition to each other but as different levels for different target groups that apply for different places.

  1. Career Perspectives
    Therefore, Master in Management graduates start their first job after the MIM and, by this, use for entry positions. By contrast, the MBA is for men and women that are in business already for several years. Hence, they’ll become”seasoned hires” for companies and apply for more advanced jobs, such as management or leadership positions.

MIM – MBA: Which level to select?

Overall, the gap between Master in Management and MBA is important to Think about. individuals, who comprehend their bachelor level rather than sufficient for their early career plans. MBA students, on the opposite side, generally have started their careers already and desire such as to modify marketing, or just to maximize their external career options.

MIM vs MBA Masters degree in Direction in a nutshell: The MIM helps graduates to start a livelihood while the Master of Business Administration (MBA) helps young professionals and professionals to improve and develop their management career.
How to assess the quality of management applications

An interesting facet when looking for general management applications like the MIM along with a Few Tips:

After an institution has the EQUIS or AACSB accreditation all apps are automatically accredited also.
Position of the Economist. Additionally, make yourself comfortable with the criteria by which the rankings are created. You can discover these criteria in special reports published on the various website.
Speak into your prospective future employers: Do they understand the college of your curiosity? Can they actively recruit on campus? Which career courses do they provide with a MSc or MBA from that college?
Speak with Alumni of this program which you’re considering: Ask the Admissions section to direct you in touch with alumni using a minimum of one year following graduation. Ask them if they’d do the program again and how they gained from it.

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