When our previous post on MiM vs MBA started getting more visits than we anticipated, we realised how popular these Masters in Management programs have become among Indian applicants.
For ambitious applicants with lesser experience who don’t want to wait for a few more years to qualify for a top MBA course, MiM programs seem like a good bet.
The MIM or Master in Management program has been gaining in popularity in the recent years. This program was earlier Europe-centric which is why European schools tend to figure at the top in the FT (Financial Times) MIM rankings and almost dominate the entire list of schools provided. Even our Indian colleges are not lagging behind and have found a place in the FT rankings.
Though USA is a popular MBA destination, the MiM course is relatively new and offered by only some of the U.S colleges.
The MIM is a highly sought after degree as students feel it has an edge over other programs on account of the following factors:
You’ll stumble across the term ‘CEMS MIM’ several times in this article. If you are not yet familiar with the CEMS MIM, here’s a little background.
CEMS is a global alliance in Management Education founded in Europe comprising of 29 universities as well as corporates. It aims at providing world-class MIM (Masters in International Management) education by bringing together academic institutes and multinational companies as well as NGOs so that knowledge obtained through academics can be merged with practical learning.
In this post, we’ll go through the list of schools as per the Masters in Management rankings provided by FT and get insights about the programs offered by these universities,
St. Gallen offers a one year CEMS MIM program. In addition to the various CEMS courses, there’ll be skill seminars, block seminars and business project. You get to spend a semester at one of the CEMS partner colleges. As per CEMS requirement, you need to complete at least 10 weeks of internship abroad to complete the course.
The Masters in Management Grande Ecole program is an 18 month long program and combines general management with specialisations. You can choose to specialise in Management or Management & Business Law or Management and Public Affairs or any of the seven options available and accordingly you’ll be awarded a Master’s degree for the same.
The first year (M1) begins in September with the foundation courses which comprise of core courses, electives, case studies and projects.
After completion of M1, you have the option of taking a year off before resuming with the second year (M2) or the specialisation phase. This gap period may be used to pursue either an internship or any other activity of your choice.
Tuition costs for international students: €36,000
Locations: France and Singapore
Essec offers the Master of Science in Management. In addition to the core course and electives, you’re required to complete 18 months of professional experience. The program also has a mandatory international requirement where you’ve to spend at least 9 months outside your country of residence during the course of your study or work.
Tuition costs for international students: €38,000
The 17 or 21 month-long program awards a Master in Management (MSc) degree. You can opt for general management area or choose to specialise in any of the concentrations available.
You can get international exposure by spending a semester abroad or through internship opportunities outside Germany. The program allows you to blend theory with practical problem solving business skills.
Of the 29 institutes offering CEMS MIM, we’ve listed out some of the familiar ones in countries including Singapore, UK, Canada, Hong Kong and also, one in India.
At ESADE, you get to earn a CEMS MIM in conjunction with any of the ESADE’s Masters in Management program. The program duration would be one year for each of the above programs. The CEMS MIM would commence in August and would include an international internship in the third term.
The CEMS curriculum would also provide you an opportunity to be part of a midterm business project where you’ll be presented with challenges faced by various companies. You’ll be responsible for analysing the various problems and presenting a solution as a consultant.
Tuition costs for international students: €33,800
Locations: France, UK, Germany, Spain, Italy
The MIM is a two year Masters program which gives you the option of studying in a minimum of two and upto three different countries. You’d need to complete at least 39 weeks of internship as an essential requirement for completion of the course.
This experience would give you the essential experience which would be useful during the job recruitment process. The first year comprises of core courses and electives, while in the second year, you need to choose one or two specialisations and also write a Master thesis.
The seminars (one per semester) is also a unique opportunity which brings all the current students together.
Fees for international students: €17,900 per year
The MScIM (International Management) is a 16-month program gives you a chance to learn practical skills by means of projects, seminars as well as case studies.
You would get a chance to interact with batchmates from various disciplines; the college encourages sharing and questioning of individual views which would be a value addition in the learning process.
You’d be awarded RSM’s MSc in International Management degree as well as the CEMS-Master in Management.
Tuition fees for the CEMS MScIM: €25,496
The MIM program is of ten months with two intakes: September and February. After completion of the core courses and specialisation period, you may also opt for the optional BBE (Beyond Borders Experience) which allows you to choose between an International Exchange or a Dual Specialisation.
Tuition costs for international students: €32,200
The MIM is a one year program beginning in September. The diversity in study group allows you to interact with peers of diverse cultural and academic background.
It includes a business immersion week which gives you a complete experience with exposure to the company culture and a chance to work on company projects under the guidance of senior staff.
The global immersion field trip enriches your MIM experience by giving you a chance to interact with business leaders, visit top companies, attend lectures and improve your network and contacts.
Tuition costs: £27,500.
Taking note of the increasing number of students opting for the MIM programs, business schools in the US have also started offering it. Some of the top schools on the list include:
1) Kellogg School of Management offers a one year MS in management studies.
2) University of Michigan’s Ross School of Business has a 10 month long Master of Management program.
3) Babson College offers a nine month long Master of Science in Management in Entrepreneurial Leadership (MSEL)
4) Duke University Fuqua School of Business offers the MMS (Master of Management Studies) in two formats:
5) Tuck School of Business also has plans to start the MIM program which will make it the first one in the Ivy League to offer it.
There’s good news for those interested in exploring a free tuition opportunity.
Norwegian School of Economics, Bergen located in Norway offers the CEMS MIM with free tuition and no application fee to international students as well.
However, you would have to take into account the living expenses during your study period as Norway is considered an expensive city to live in.