Summary
This article mainly focuses on the growing prominence of the Masters in Management program and the top schools that students can target in 2021 for a blooming career in the business domain. It also sheds light on the critical differences between MiM programs and MBA and provides students with the clarity to choose the right path.
Introduction
The masters in management (MiM) program is specially designed for young professionals who have just graduated college and want to kickstart their career in business. It is designed to cater to the curious minds of young business enthusiasts who do not have much professional experience under their belt to go for a comprehensive MBA program. It provides students with much-needed clarity when choosing the right business track which aligns with their future goals. The curriculum is designed to explore the different areas of interest by providing comprehensive courses in multiple business domains such as marketing, finance, entrepreneurship, and consulting. Although MiM programs is a relatively new degree and is mainly associated with European colleges, renowned universities of the United States such as Duke Fuqua, Michigan University, and Kellogg School of Management offer similar management programs, including MSc in Management.
Difference between MBA and MiM programs
People often think that MBA and MiM are alternatives to each other. But that is not the case as there are several significant differences between them. One of the considerable differences between these two programs is the work experience. If a person wishes to pursue an MBA, they need to have relevant work experience of around 3 to 5 years. It makes the MiM degree a viable option for young professionals who do not have significant work experience and are looking to jumpstart their career in the business field. Individuals looking to advance their career trajectory either take up a managerial role or switch their fields entirely to the respective MBA programs. MiM, on the other hand, is mainly taken up by individuals in their early 20s who have a penchant for working in the business world and are looking for opportunities to expand their horizon and discover areas that interest them the most.
Top 10 MiM programs
Here is a list of top masters in management degrees to target in 2021:
1. HEC Paris
Course: Masters in Management
Location: Jouy-en-Josas, France
HEC Paris has again retained its spot as the number one business school offering a comprehensive strategic management program. It is mainly because of its alliances with CEMS and the fact that it provides more than 100 exchange programs every year. The program’s unique features combined with a rigorous curriculum with over 20 specializations make it a primary choice for young professionals to secure a high paying job.
2. London Business School
Course: Masters in Management
Location: London, United Kingdom
London Business School is among the students’ top choices due to unique features such as Global immersion week and career trek. It allows them to learn more about international markets and familiarise themselves with diverse cultures for an enriching experience.
3. ESSEC Business School
Course: Masters in Management
Location: Paris, Singapore, France
Masters in Management offered by ESSEC Business School lasts for around two years and has a placement rate of 98.2%. It provides students with a unique chance to build their curriculum that caters to their needs and aligns with their long-term goals.
4. Copenhagen Business School
Course: Masters in International Management
Location: Copenhagen, Milan, London, Denmark
Copenhagen Business School offers a joint degree program that will provide the students with a CEMS degree in MiM and an MSc degree from Copenhagen Business school.
5. IE Business School
Course: Master in Management
Location: Madrid, Spain
IE Business school offers a ten-month MiM program. It provides the students with a chance to choose from 6 different tracks, and the overall program is customizable up to 50%. The school is popular for its strong alumni network and its numerous student clubs.
6. ESCP Business School
Course: Master in Management (Grande Ecole)
Location: Paris, Berlin, Madrid, Torino, London, France
ESCP provides a unique opportunity for students to study in up to 3 different countries during the course. It also provides them a chance to choose an apprenticeship track and be a part of multiple exchange programs.
7. WHU – Otto Beisheim School of Management
Course: Masters in Management
Location: Vallendar, Germany
WHU – Otto Beisheim School of Management is a top-ranking German University accredited by FIBA, AACSB, EQUIS. It is the number one management school in Germany and ranks at number 12 worldwide.
8. EDHEC
Course: Masters in Management
Location: Lille, France
EDHEC business school ranks among the top 15 business schools in Europe. It offers the students a chance to choose from three different tracks in the MiM program, depending upon their interest. The business school has a strong alumni network of more than 45,000 students globally.
9. Michigan Ross
Course: Masters in Management
Location: USA
Michigan Ross MiM program is presently one of the top US-based management programs. The course duration is of ten months. It aims at providing a holistic learning experience with the help of a real-world business environment.
10. Technical University of Munich
Course: Masters in Management
Location: Munich, Germany
The MiM program offered by the Technical University of Munich lasts for two years. This program allows students to study at the main campus in Munich or the new campus in Heilbronn. It is specially designed for students who have a degree in Engineering and want to up-skill themselves in the business domain.
Conclusion
MiM programs are gaining global prominence at a swift pace, mainly due to the plethora of opportunities that it opens up for young students. More and more students are enrolling on this program due to the guaranteed employment opportunities upon graduation, giving them enough time to devise their career trajectory and move towards achieving their goals.
