Management is amongst the most sought-after career fields in contemporary times. While it offers an array of career opportunities in almost every sector, there are also a plethora of specialized Management courses you can pursue. Though an MBA is the most popularly pursued path from the list of professional courses after graduation, there are other varied postgraduate degrees in Management that can open the door to an array of career opportunities. The Masters in Management or MIM is one such degree that focuses on core concepts like Finance, Supply Chain Management, Operation Management, Entrepreneurship Development, etc. Though this course is offered by scores of universities across the world, Germany is revered for its MIM program due to the free education it offers in comparison to the USA or the UK. Through this blog, we aim to provide you with a comprehensive guide on MIM in Germany, the top universities you can choose from as well as the career scope you can avail.
This Blog Includes:
What is MIM?
Running for a period of 18 months to 2 years, MIM is a postgraduate degree in Management which aims to provide students with the knowledge of several academic disciplines such as Finance, Entrepreneurship, Marketing, Accountancy, amongst others. It is suitable for individuals who want to explore the arena of Management and build a career in Commerce. When it comes to pursuing MIM in Germany, you can choose from an array of academic institutions, both public and private, offering this degree at economical costs. Further, as compared to MBA, MIM programs offer better flexibility in terms of choosing specializations and sub-disciplines that you want to delve deeper into, thus providing students with the much-needed feature of customization.
Why MIM in Germany?
Before elaborating on the details of studying MIM in Germany, let’s first understand why you should pursue this degree. For a long time, the MBA has been perceived as the only postgraduate program that graduates and working professionals commonly pursue to advance further in their managerial careers. Masters in Management, as a postgraduate course, has emerged as an alternative option. Enlisted are the reasons for this change:
- While pursuing an MBA from universities abroad requires at least 2-3 years of experience, MIM does not have this condition.
- It is a foundational course that aims to provide students with a basic understanding of management processes as well as equips them with the required theoretical knowledge in this field.
- Apart from imparting knowldege of the field, it also equips the students with communication skills and enhances logical reasoning.
- When it comes to comparing MBA vs MIM in terms of costs, the latter is less expensive in comparison to an MBA
- Studying an MBA, the coursework comprises of the business models and techniques but in MIM, you will get to study about various basic theories of business.
- From eCommerce Marketing and Global Business to Management Control and Economics, there are scores of specializations you can gain expertise in.
Top Universities for MIM in Germany
There are numerous academic institutions in Germany that offer Masters in Management courses to students across the globe. As the public institutions in the country offer courses at no tuition fees, the private university might change varied academic fees for degrees like MIM. Here is a table that enlists some of the major universities offering MIM in Germany:
|Institutions Offering MIM In Germany||Type|
|WHU — Otto Beisheim School of Management||Privately Funded|
|University of Mannheim Business School||Public|
|HHL Leipzig Graduate School of Management||Private|
|Frankfurt School of Finance and Management||Private|
|TUM School of Management||Public|
MIM in Germany: Career Prospects
After completing your MIM in Germany, you can choose from a varied range of career opportunities in both the private and public sector. Moreover, if you have an entrepreneurial streak, then, you can also begin your own business and utilise the knowledge you have gained from this degree. But if you are planning to explore the corporate sector, here is a list of some of the major job profiles you can apply for after obtaining this degree:
- Human Resource Manager
- Development Manager
- Public Relations Manager
- Sales Manager
- Management Consultant
- Marketing Manager
- Project Manager
- Business Development Manager
- Social Media Manager
What is the fees of pursuing MIM in Germany?
The cost can vary based on the university. For instance, the semester fee of MIM in ESMT Berlin is 6,250 euros while that of the University of Mannheim is 1500 euros.
Is GMAT required for MIM in Germany?
Yes, just like an MBA, you need to submit your GMAT score in order to enroll in this popular program.
Is Germany good for management studies?
Yes, Germany is well known for its business school in the entire world. Most of the German management schools provide excellent exposure to the corporate world with the help of engaging curriculum and internships/training.
Hence, we hope that this blog has provided you with all the essential details on MIM in Germany. If you are planning to pursue a postgraduate program in Management and don’t know where to begin, take the help of Leverage Edu‘s AI tool to browse through a wide range of master’s degree courses offered across the globe and find a suitable combination of program and university that aligns with your interests and career aspirations.