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What's the Master in Management (MIM)?

Global Master 2012 in Management (MIM) Study What are Master in Management (MIM) programs? Where are they offered and who is the typical MIM student? What are the costs and which career impact do these programs have? ! The Global Master in Management (MIM) Study 2012 is the first study to answer these questions. Unlike rankings, it aggregates data and provides an overview of an emerging field of management education. The study was conducted by the Master in Management Compass Internet platform and can be downloaded free of charge at PART I PART II Overview of 599 Masters in Manage- In-depth analysis of 48 MIM programs from 18 countries. The data stems ment and Business worldwide. Data collected from business school from an online survey of business schools conducted from January to May 2012. websites over a two-year period. Main findings WHAT ARE WHO ARE WHAT'S THEIR MIM PROGRAMS? MIM PROGRAMS FOR? CAREER IMPACT? A general management program for graduates One quarter of the fulltime MIM students has no professional experience at all and three quarters have no more than one year. On average, they are 24 years old and in some programs the average age is as low as 21. Thus, MIM programs target recent graduates and professionals with little work experience. MIM graduates are wanted: 90 percent of the fulltime MIM graduates find a job within three months of gradu- ating. Master in Management programs are... - postgraduate programs - in general management - for recent graduates A new phenomenon: 76 percent of fulltime Master in Manage- ment (MIM) programs have been laun- ched since 2000 and about half in the last Finding a job within three months of graduating is more likely if MIM students' schools or programs require the GMAT and a first degree in business or eco- nomics and if they offer specialization opportunities, internships or in-company projects, and career services. six years. average full time MIM student's professional experience 100% 75%- 25% 50% 75% 25% Entry salary for MIM graduates On average, MIM students earn EUR 42,500 per year in their first job - with a range from EUR 10,000 to EUR 70,000 - and about 2.4 times more than the ave- 0% 2000 2006 2012 Age 21-24 no professional experience not more than one year professional experience A growing phenomenon: 83 percent of institutions that offer MIM programs face an increasing number of applications. rage tuition fees. For students from all academic on average 42,500 € disciplines: MIM programs are options for graduates from all academic disciplines. Only about a third of the fulltime programs require a first degree in business or economics. A third are open to graduates from a limited number of other disciplines and another third are open for graduates from all academic disciplines. 10,000 € 70,000 € MIM students receive a higher salary after graduation if their schools or programs are accredited and even more with an EQUIS, AACSB, or AMBA accreditation, require the GMAT, offer specialization opportunities, and accept only students with an academic degree in business or economics. Europe as a trend-setter: 68 percent of the MIM programs are offered in Europe and 63 percent of the fulltime students come from Europe. However, MIM programs are increasingly offered also in North America, Asia- Pacific, and Latin America; 10 percent of the MIM students come from Asia-Pacific, and 6 percent come from North America, Latin America, and Africa. full time MIM program requirements 33% 33% first degree in busi- ness / economics Career advantages for consecutive students: first degree in business / economics or some other disciplines Students from MIM programs that require a first degree in business or economics ("consecutive students") profit from grea- ter career impact than students from MIM programs that are open to graduates from other disciplines. On average, they receive a 76 percent higher salary after graduati- on and the number of students who found a job within three months of graduating is 12 percent higher than in programs open to other disciplines. 33% Z first degree in any academic discipline 32% offered MIM programs Europe 68% North America, Asia-Pacific, Latin America For students even without the GMAT: Only 40 percent of the fulltime MIM pro- grams require the GMAT and the average GMAT score of MIM students is 610. 76% higher salary MIM students' origin 63% full time MIM program requirements 3% 40% 1% 10% 60% no requirements 2% GMAT required students with first degree in business/ economics students with any other first degree 63 percent cheaper than the MBA: On average, a fulltime MIM program costs EUR 12,550 in tuition fees. The most expensive program is about EUR 30,000. In contrast, MBA programs offered by the same institutions cost EUR 33,750 on average and a maximum of EUR 70,700. Hence, on average, MIM programs tend to be about 63 percent cheaper than MBA Career start in the "campus country" Most MIM graduates (89 percent) start their career in the country where they studied. most expensive program 30,000 € 70,700 € average tuition 11% 12,550 € MIM graduates start their career 33,750 € where they studied programs. 89% somewhere else MIM MBA Participating schools St. Petersburg State University, Graduate School of Management accadis Hochschule Bad Homburg ICN Business School Alpen-Adria-Universitaet Klagenfurt IE Business School Stockholm School of Economics Bodoe Graduate School of Business, Nordland University International University of Applied Sciences, Bad Honnef T.A. Pai Management Institute (TAPMI) Colorado State University IPBS - International Partnership of Business Schools Università di Bologna Durham Business School Kühne Logistics University (The KLU) University College Dublin EADA Koblenz University of Applied Sciences University of Florida EBS Business School Lakehead University University of Kent ESCP Europe Lewis University University of Mannheim, Business School Flensburg University of Applied Sciences London Business School University of Trento, Faculty of Economics Furtwangen University Munich Business School University of Virginia HEC Montréal National University of Ireland Galway Vlerick Leuven Gent Management School HEC Paris Nyenrode Business Universiteit Warwick Business School HHL Leipzig Graduate School of Management Saint Mary's University of Minnesota WHU - Otto Beisheim School of Management Hogeschool-Universiteit Brussels WU (Vienna University of Economics and Business) School of International Business and Entrepreneurship, Steinbeis University Hult International Business School

What's the Master in Management (MIM)?

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What is a Master in Management (MIM) program? Who is the typical MIM student? Which career benefits do I get from a MIM degree? These are the questions that the infographic "Masters in Management (MI...


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