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 young candidates.
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 degree 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:
- Firstly it requires you to have very little or no prior work experience, so students who wish to pursue a management stream find it convenient to complete their education in one shot instead of taking a career break later on (Read MiM after BBA).
- Secondly, the cost is much lower when compared to an MBA degree, so it seems to be a cost-effective option.
- Thirdly, it also gives you the opportunity to study and find work in the country of your choice.
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 34 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.
[Editor’s Note: Article updated in August 2021 to reflect the latest data]
Top 10 Masters in Management (MiM) Programs
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,
1. University of St. Gallen
St. Gallen offers a one year CEMS MIM program. In addition to the various CEMS courses, there’ll be skill seminars, block seminars, business project, global leadership seminar and research project. You get to spend a semester at one of the CEMS partner colleges. As per CEMS requirement, you need to complete at least 8 weeks of internship abroad to complete the course.
2. HEC Paris
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. These double degree programs between HEC and a foreign university (like China’s Tsinghua, India’s IIMA, Italy’s Bocconi, Switzerland’s St. Gallen, Singapore’s NUS, and USA’s MIT, Yale and Berkeley Haas) provide additional exposure and networking opportunities.
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: $51,200
3. ESSEC Business School
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 12 months of professional experience. The program also has a mandatory international requirement where you’ve to spend at least 6 months outside your country of residence during the course of your study or work.
Tuition costs for international students: $50,000
4. London Business School
The MIM is a 12 to 16 months program beginning in September (with a month long online pre- programme prep). The diversity in study group allows you to interact with peers of diverse cultural and academic background.
It includes global business immersion field trips, London Lab and business treks that give you a complete experience with exposure to the company culture and a chance explore the real world of business.
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 for international students: $51,000
5. Rotterdam School of Management, Erasmus University
The MScIM (International Management)-CEMS is an 18 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 costs for international students: $33,000
6. ESCP Europe
Locations: France, UK, Germany, Spain, Italy
The MIM is a 2-3 years Masters program which gives you the option of studying in a minimum of two and upto five different countries and master fluency in three languages. You’d need to complete at least 9 months 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 courses drive long term career progression and the specialized electives help launch careers. Specializations (61 of them) like Finance, Marketing, Sustainability, Data Science, etc. span much more than the typical electives.
The seminars are also a unique opportunity which brings all the current students together.
Fees for international students: $52,000
Read MiM at ESCP Europe – Indian student’s experience
7. Stockholm School of Economics
The 2-year Master in International Business, featured on the FT ranking, has all the elements necessary to learn management, innovation, and strategy in the real world through its deep dive courses, live projects, and exchange program with other business school elites. As part of the CEMS team of schools, students get a pre-approved chance to pursue a CEMS International Management double degree Master’s in the second year.
Upon graduation students embark on successful corporate and academic careers, backed by the international management training to excel in a global business environment.
Tuition costs for international students: $17,500
8. University College Dublin Smurfit
A diverse student body, from all academic background, are given the opportunity for a sound academic and practical training. Faculty members bring in truly global and corporate experiences and recruiters from Microsoft, Google, Unilever, Accenture, and more international brand powerhouses flock in to hire these graduates.
The program is only 12-month long with the option of a year longer part-time program for working folks.
Tuition costs for international students: $23,500
9. SDA Bocconi
The MSc in International Management at SDA Bocconi offers three options to three different international learning environments – International Management, CEMS MiM, and China MiM. Students acquire the tools to understand business on a global stage – knowledge of international business, analytical and strategic learning resources, and professional skills.
Students have the opportunity to study abroad in the second year of the 2-year program.
Tuition costs for international students: $32,000
10. Imperial College Business School
This one-year MSc in International Management help students gain the leadership and technological edge to lead in a global business scenario. In its curriculum, students get the opportunity for programs like Leadership in Action, an international consulting experience, a European Immersion trip for hands on training, and optional exchange opportunities. Being part of the Global MiM network (with ESMT, Singapore Management University, Queen University’s Smith, and IE Business school) helps students collaborate and gain additional exposure and certificates reflecting courses from the partner institutions.
There is also the chance to study abroad in one of twelve global partner universities with the likes of ESCP Europe, ESSEC, HEC, and more.
Tuition costs for international students: $46,000
A special mention about CEMS, a Global Alliance of leading business schools, multinational companies and NGOs that together offer the CEMS Master in International Management. A number of the top ranked MiM programs offer a dual management degree through CEMS and a chance to benefit from the cross-cultural and cross-university learning environment. Of the 34 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.
- HEC Paris, France
- Ivey Business School, Canada
- HKUST Business School, Hongkong
- ESADE Business School, Spain
- University of St. Gallen, Switzerland
- IIM Calcutta, India
- National University of Singapore (NUS), Singapore
- Rotterdam School of Management, Erasmus University, Netherlands
- The London School of Economics and Political Science, U.K.
- UCD Michael Smurfit Graduate Business School, Ireland
INSEAD has launched its MiM program relatively recently. Financial Times expects several years of data, for a program to be considered in its ranking. We’re sure INSEAD will figure in the new MiM rankings soon.
Best MiM Colleges in USA
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:
- The MMS: Foundations of Business program (MMS: FOB) is ten month long and can be completed on the US campus.
- MMS: Duke Kunshan University program (MMS: DKU) can be completed partially on the US campus and then on the China campus.
Find out more in the article – Masters in Management (MiM) Program Rankings in the world
Want to join a free MiM Program?
There’s good news for those interested in exploring a free tuition opportunity.
Historically, the Norwegian School of Economics, Bergen located in Norway has offered 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.
The current university page doesn’t mention a free ride but as with everything else, in these changing times and global economic scenarios, it is best to research the latest in financial aid and assistance before you dive in.
Best MiM consultants in India
Our team consisting of the top MiM consultants in India and abroad have helped many MiM applicants get into their dream schools. Here’s one such example of a candidate reviewing her London Business School MiM application story.
If you’re looking for some professional firepower and counselling to help you crack into the top MiM programs, read how we can help with MiM essay reviews. Drop us an email: info [at] mbacrystalball [dot] com
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– MiM vs MBA: Which is better?
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– How this Commerce graduate got into London Business School, ESSEC and ESADE for an MiM degree