January 29, 2017

MIM 101

MIM 101

The master’s in management or MIM is a post graduate program that provides general management skills to recent graduates with little or no work experience. This degree will help you move to a management oriented role early and quick in your career, though most positions offered to students post this degree are entry level as opposed to mid-level after an MBA.

A MIM course portfolio covers a broad range of business topics including n Marketing, Project Management, Human Resources Management, IT Management, and Innovation Management.

Usually, MIM students are 24 years old with about a year of work experience. The primary entry requirements are a bachelor’s degree and a GMAT/GRE score. Most MIM programs accept graduates from all types of undergraduate programs.

Key Admission Details:

  • Undergrad scores: Since most applicants have little work experience to show, undergrad scores are given immense importance during selection.
  • Fear not if your college GPA is not up there, the GMAT/GRE are seen as the most important alternative criteria when expected academic results from previous studies are lacking.
  • More than 30% schools do not conduct interviews and even the ones that do give it only about 40% weightage, which means that the interview plays a minor role in acceptance so make sure your application is a knockout.
  • This course will work for you only if you have a year or less work experience. Most top schools have an eligibility criteria of 12 or less months of work experience.
  • Europe is the front runner for this course with 70% of the top MIM courses being offered there.

Top Universities:

As per the financial times, 90% of the top 50 universities offering this course are European. Some of the names to reckon with are:

  • University of St Gallen, Switzerland
  • HEC, Paris
  • Essec Business School, France
  • Rotterdam School of Management, Erasmus University, Netherlands
  • London Business School, UK
  • Bocconi, Italy

Due to the popularity of the course, many US B-schools have also started offering the course, some of the established names are Kellogg, University of Michigan’s Ross School of Business and Duke University’s Fuqua School of Business.

Norwegian School of Economics, Bergen located in Norway offers the CEMS MIM with zero tuition and no application fee to international students.

 

 

What is a CEMS MIM?

You’ll stumble across the term ‘CEMS MIM’ any time you try to gain some information on the subject. If you’re not already familiar with the term, here is some background. CEMS is a global alliance in Management Education founded in Europe comprising of 29 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.

 

Let’s get to the specifics, cost, post-degree opportunities, and so on.

Case in Point: MIM, HEC Paris

Course Duration: 18 months

Average GMAT Score: 715

Average Age: 23

Cost: The tuition fees for non-European students is €37,000. Additionally, €1000/ month is a conservative approximation for living costs.

Curriculum: The course is divided into a generalist phase and a specialization phase. The first phase concentrates on business fundamentals while the second one focuses on acquiring expertise around the professional goals of the student. The nature of the specialization determines the Master’s degree that the student will finally receive: Management, Management & Business Law, Management and Public Affairs.

The program consists of:

  • M1: mandatory foundation courses in general management, electives and a managerial behavior seminar
  • M2: a specialization, an optional certificate and an in-depth research paper.

Specializations:

  • Master in Management: Strategy, Finance, Marketing, Financial Economics, Economics, Entrepreneurship, etc.
  • Master in Public Affairs: Public Policy, International Relations, Diplomacy
  • Master in Business Law
  • Master in Sustainability and Social Innovation
  • Master in Journalism (taught in French only)
  • Master in Media, Arts & Creation (taught in French only)
  • Master in Cognitive Sciences

Career Opportunities:

98% graduates find employment within 3 months of graduation with the most popular sectors being finance and consulting. The average starting salary is 52K€.

The top recruiting firms on campus are A.T. Kearny, Goldman Sachs, Google, Bain and Company, Deloitte, Mc Kinsey and Company amongst others.