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 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 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

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. 

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Author Bio: Abhyank Srinet is a passionate digital entrepreneur who holds a Masters in Management degree from ESCP Europe. He started his first company while he was still studying at ESCP and managed to scale it up by 400% in just 2 years. Being a B-School Alumni, he recognized the need for a one-stop solution for B-School to get in touch with schools and get their application queries resolved. This prompted him to create MiM-Essay, a one-of-a-kind portal with cutting edge profile evaluation and school selection algorithms, along with several avenues to stay informed about the latest B-School Updates.

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By Darbaar

Anurag Rathod, as a blogger he used to spread all about app-based business, startup solution, on-demand business tips and ideas and so on.

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