Master in Management or MIM is a comprehensive degree that is ideal for launching a career in finance, marketing, consulting, marketing, and entrepreneurship, among other fields. Because it is of European origin, it has done well in recent years in gaining traction throughout the rest of the world. MIMs are known by a variety of titles, including M.Sc. in International Business, Master of Business and Economics, M.Sc. in Management, M.Sc. in General Management, and Master of International Management. So, if you want to learn more about the finest MIM universities in the globe, we have provided all of the required information on the best MIM programmes in the world below.
|Name of the course||Master degree in management.|
|Average fees||INR 25 lakhs|
|Eligibility requirements||2 years of experience|
|Average Salary||60 lakhs|
This Blog Includes:
Top MIM Colleges in the World for International Students
Some of the world’s best MIM colleges allow overseas students to study in a specific field in addition to courses that strengthen their business foundation. The top MIM colleges in the world and their MIM QS rankings are as follows:
So, these are some of the world’s top MIM schools, delivering the greatest MIM programmes to international students. Let’s go over this in detail:
|Name of the University||World QS Rankings 2023||Average Fees||in INR||Program Offered|
|ESSEC France||–||EUR 19.2K||16 Lakhs||MSc in Management|
|HEC Paris||–||EUR 43.5K||37 lakhs||Master in Management|
|Imperial College London||7||EUR 12 Lakh||10 lakhs||MSc international Mangement|
|IE Business School, Spain||–||EUR 38.2K||33 lakhs||Master in Management|
|London School of Economics||56||EUR 34.5k||30 lakhs||MSc in Management|
|THe University of Sydney Business School||–||EUR 30.7K||27 lakhs||Master in Management|
|ESADE Spain||6||INR 28 Lakh||–||MIM|
|London Business School||–||INR 30 lakh||–||Master in analysis|
|Rotterdam School of Management Erasmus||–||EUR 20.7K||18 lakhs||MSc BA Master in Management|
|University of Bocconi||12||INR 18 Lakh||–||MSc international management|
Pursuing top MIM programmes in the world has been a popular option for individuals who do not wish to pursue an MBA overseas. So, in order to gain admission to the best MIM institutions in the globe, students must meet certain basic qualifying criteria, some of which are as follows:
- 2 years of Work Experience
- GMAT/GRE Score
- Undergraduate Degree
- English Language Proficiency Test Scores
- Student Visa
- Additional Requirements
English Language Proficiency Test Scores
International students must pass an English proficiency test, such as the IELTS, TOEFL, or PTE, with the appropriate score. The IELTS exam requires a minimum score of 6.5, the TOEFL exam requires a minimum score of 90, and the PTE exam requires a minimum score of 64.
Many colleges that offer MIM programmes require scores for admittance. The average GMAT required for this programme is 610.
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Documents Required Top MIM Colleges in the World
Additional documents are required for a flawless admission procedure to top MIM schools throughout the world. Some of the major documents required for applying to top MIM universities in the World are as follows.
- Standardized Test Scores
- Updated resume
- Academic Transcripts
- 2 LOR’s
- Current Photographs (passport size)
- Valid Student Visa
Average Cost to Study in Top MIM Colleges in World
The MIM fees at the top 10 MIM colleges in the world are determined by the university where you are enrolled. The MIM price is typically between USD 34,834 to 27,10,757 INR per year. Furthermore, the cost of living is entirely dependent on the country as well as your living conditions. MIM’s annual cost of living is approximately USD 5,700 (INR 4,43,578).
MIM graduates from prestigious colleges typically earn roughly $93,529 per year (INR 71.19 lakh). Starting off, one may expect to earn $75,000 (INR 57.08 lakh) on average. Here are some additional salaries for various positions, according to Payscale:
|Job Profile||Average Salary||INR conversions|
|Manufacturing Engineering Manager||$100-161,000||INR 75 lakh to INR 1.22 crore|
|Marketing Director||$103-169,000||INR 78.39 lakh to INR 1.28 crore|
|Marketing Consultant||$87-294,000||INR 66.22 lakh to INR 2.23 crore|
|Customer Service Manager||$56-113,000||INR 42.62 lakh to INR 86.01 lakh|
|Operations Supervisor||$43-86,000||INR 32.73 lakh to INR 65.45 lakh|
MIM programmes have shorter course durations than MBA programmes. The majority of MIM programmes last one or two years.
Some of the greatest universities in the world to study MIM are:
HEC Paris School of Management
University of St. Gallen
London Business School
IE Business School, Spain
The MIM programme is popular throughout Europe, including Italy, UK, Germany, and a few other countries among the most popular study places.