A Master’s degree program called
“Master’s in Management” (MIM) provides complete information of many
management streams including Finance, Marketing, Consulting, and
Entrepreneurship. For individuals who don’t want to pursue an MBA, MIM from
abroad has gained popularity over the past ten years.
While the Master of Business
Administration is a Master’s degree program with a concentration on Leadership,
Human Resource Management, Accounting, and Business Economics.
There are several considerations to
weigh while deciding between a Master’s in Management and a Master’s in
Business Administration. Your level is one of the most crucial variables. A MIM
degree is most likely an excellent choice for you if you are a fresh graduate
hoping to jump-start your career. The MBA is the better option, however, if you
are a seasoned professional with more than three years of experience. You will
acquire the necessary skill set to have a successful career as a result.
Difference between MIM and MBA:
|
No |
Basis of Difference |
MIM |
MBA |
|
1 |
Cost of studying |
Lesser in comparison to an mba |
Expensive |
|
2 |
Eligibility |
10+2 years of formal education from An undergraduate degree An impressive result on english A GMAT or GRE score that meets the |
10+2 years of formal education from An undergraduate degree An impressive result on english A GMAT or GRE score that meets the A minimum of 2 LORs and 1 SOP |
|
3 |
Scope |
Concentrated on a certain managerial |
Provides a variety of electives |
|
4 |
Suitability |
Fresh graduates |
Experienced professionals and |
|
5 |
Syllabus |
Has a stronger emphasis on the |
Includes case studies and is more |
The suitability check:
MIM degrees are appropriate for fresh
graduates without any work experience. Universities often do not mandate that
students obtain an undergraduate degree in business. Their advantage is even
having less than a year of corporate job experience. MBA degrees need
professional job experience, in contrast to MIM degrees.
The course structure:
The key distinction between a Master’s
in Management and a Master’s in Business Administration is that the former
provides fresh graduates with the necessary business acumen to launch their
careers. MBA enables experienced workers to change careers.
There are some course level
distinctions between the two degrees, even though they both cover broad
business topics including Finance, Accounting, Strategy, Business Analytics,
Micro/Macroeconomics, and People Management.
Master in Management – Broad business
and management topics are covered in-depth throughout the first year of a MIM
programme. Core modules cover things like accounting, business economics,
corporate finance, innovation management, marketing choices, and strategic
management. Students have the opportunity to select a discipline as one of
their electives in addition to studying the core courses. Project management,
Business Analytics, Geopolitics, and Advanced Corporate Finance are some of the
MIM electives.
Master of Business Administration –
Students who earn an MBA are better prepared to manage. The subject’s
foundational modules include those on accounting, entrepreneurship, finance,
global management, human resources, and information technology. By
incorporating certain electives into the students’ curriculum, the programme
hopes to widen their outlook. Marketing, Organisational Behaviour, Political
Economy, and other topics are some of these.
Cost Comparison:
|
MIM |
MBA |
|
$42.63 to $75,400 |
$23,192 to $1,22339 |
Specializations:
MIM – The initial part of the two-year
Master in Management degree programme, which establishes a solid basis for
management sciences and related ideas like analytical abilities and statistical
methodologies, is where the curriculum begins. Later stages concentrate on
several specialities, including marketing management, financial management,
operations management, human resource management, and more.
MIM specialities range from Economics,
Finance, Analytics, Accounting, and Marketing.
MBA – The need for specialized skill
sets to comprehend the difficulties faced by each business grows as there are
more industries. Additionally, picking an MBA concentration is a significant
professional decision, therefore one should exercise caution.
Typically, core courses are the focus
of the first year of the MBA programme in order to lay a solid basis for all
the topics. One can choose to concentrate in a certain pitch during the second
year like Marketing, Human Resources, Finance, Information Systems, Consulting,
Entrepreneurship, and Operations Management.
Top 5 Job Roles for MIM graduates:
- Business Development Manager
- Management Consultant
- Project Manager
- Social Media Manager
Top 5 Job Roles for MBA graduates:
- Business Operations Manager
- Financial Manager
- Human Resources Manager
- Information Technology Manager
- Marketing Manager
For further assistance or queries
students can contact us, Edwise International, and avail of our wide range of services
for students on destinations like Universities in USA, study in USA, study inUK, study in Ireland, study in Canada, study in Australia, study inNew-Zealand, study in Singapore, and many other countries.
