MiM programs have grown in popularity throughout the world because they offer a systematic route for people to go from their academic degrees to management positions in the corporate sector.
Similar to any other academic program, each university may have different offerings and specifics.
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Why study Masters in Management?
A postgraduate degree known as a Master of Management (MiM) is intended to give students a thorough understanding of management techniques and ideas.
The MiM program is designed to provide people with the necessary abilities for entry-level managerial jobs in a variety of industries. It usually targets recent graduates or people with little to no work experience.
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Key features of MiM
1. Duration: 10 to 24 months.
2. Curriculum: Core management subjects like finance, marketing, operations, strategy, and organisational behaviour are included in the program.
3. Fees: typical fees for MiM programs range from INR 12 lacs to 25 lacs per year.
4. Work Experience: MiM programs, usually do not require a substantial amount of job experience, making them appropriate for new graduates.
5. International Focus: A global perspective permeates many MiM programs that emphasize international business and frequently provide opportunities for exposure to other countries through exchange programs or internships.
6. Career Development: Graduates of MiM programs should be ready for entry-level management positions. They frequently consist of networking opportunities and assistance for career advancement.
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Top Universities for MiM in USA
- Duke University
- Chicago Booth
- Michigan Ross
- Kellogg School of Management
- Cornell University
- Boston University
- UMC Tepper
- University of Illinois Urbana-Champaign
- Texas A&M
- University of Maryland
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MiM: USA vs Europe vs UK
| USA | UK | EUROPE | |
|---|---|---|---|
| Fees (average) | $40,000 | 45,000 GBP | 20,000 EUR |
| Eligibility | Recognised degree from business programs or equivalent degree | ||
| Duration | 10 month - 1 year | 1 year | upto 2 years |
| Salaries (average) | $71,000 per year | £60,000 per year | €80,000 per year |
MiM deadlines for USA
| University | Round 1 | Round 2 | Round 3 | Round 4 |
|---|---|---|---|---|
| Chicago Booth | November 1, 2023 | January 3, 2024 | March 1, 2024 | April 30, 2024 |
| Michigan Ross | September 15, 2023 | October 27, 2023 | January 5, 2024 | February 9, 2024 |
| Kellogg | October 30, 2023 | January 16, 2024 | April 22, 2024 | |
| Duke | October 18, 2023 | January 17, 2024 | March 6, 2024 | April 17, 2024 |
| Texas A&M (Mays) | October 1, 2023 | December 1, 2023 | February 1, 2024 | April 1, 2024 |
| University of Maryland | October 15, 2023 | November 16, 2023 | January 15, 2023 | February 15, 2023 |
| Cornell University | January 15, 2024 | April 15, 2024 | ||
| CMU (Tepper) | November 5, 2023 | January 21, 2024 | March 31, 2024 | May 19, 2024 |
| Boston University (Questrom) | November 1, 2023 | January 10, 2024 | February 7, 2024 | April 3, 2024 |
| Georgetown MchDonough | November 15, 2023 | January 17, 2024 | March 20, 2024 | May 15, 2024 |
| USC Darla Moore | December 1, 2023 | February 1, 2024 | March 15, 2024 | |
| University of Illinois at Urbana Champaign | November 1, 2023 | January 15, 2024 | March 31, 2024 | April 30, 2024 |
| Northeastern (D'Amore-McKim) | Rolling deadline | |||
| Babson College | October 25, 2023 | January 10, 2024 | March 20, 2024 | April 24, 2024 |
Careers after MiM in the USA
Conversely, MiM programs are intended for those who are just starting out in their professions or who want to change the focus of their career to management.
The following are a few positions that MiM graduates frequently land:
- Associate Advisor
- Analyst for Business
- Analyst for Investment Banking and Marketing
Beginning salaries for MiM graduates in the US typically range from $75,000 to $100,000.
MiM in USA without GMAT
The Graduate Management Admission Test (GMAT) is not a prerequisite for admission to many US universities’ Master in Management (MiM) programs.
These courses are intended for fresh graduates or those who have not had much job experience and want to improve their management abilities. When assessing applications, universities may also take into account non-traditional factors like academic standing, recommendation letters, and personal statements.
The goal of not requiring a GMAT is to draw in a varied applicant pool and make the application process easier for individuals who are just starting their careers.
Prospective students who are interested in earning a MiM in the United States should carefully consider each school’s entrance requirements in order to identify courses that will help them achieve their career and academic objectives.
Why MiM from USA
Selecting a Master of Management (MiM) degree in the United States presents a strong prospect for those looking for a thorough and internationally accredited management education. The USA offers a vibrant learning environment and is renowned for its varied business landscape and innovation hotspots.
The nation’s MiM programs are designed to give students the fundamental management abilities they need while encouraging leadership traits and a strategic mentality.
An enormous networking opportunity and a diversified culture are two factors that enhance the academic experience in the United States.
With its top-notch educational system, diverse culture, and solid business connections, the USA is a desirable location for people looking to launch international management careers.
If you are an aspirant looking to study at your dream university, book an appointment with AdmitX today and start your applications early to avail yourself of all the benefits.
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