Masters in Management (MIM) Abroad

Masters in management is originally a European-found degree, which has now spread all over and has started its place in most top business schools over the world. MS Management is designed for international students starting their careers or having little work experience. MIM courses are central, specialising in consulting, finance, marketing, etc. After pursuing this course, students can get into entry-level business management jobs requiring applicants with specialised knowledge and less experience.

The MIM course duration is a one or two-year program focusing on marketing, accounting, or finance. Also, top MIM colleges in the world offer the best MIM program in the world. In recent times, with the start-up areas booming in several industries and countries, the number of applicants applying for a MIM abroad course has rapidly increased, owing to the comprehensive nature of the course. The average salaries generally float around USD 93,529 per year (INR 71.19 lakh) for MIM graduates at leading institutions. 

Why Study MIM Abroad?

When you seek master’s in management abroad you will have the chance to fully immerse yourself in a different culture if you move abroad for a university degree. There are several possibilities for pursuing a postgraduate degree in management schools and institutions throughout the world. Here are some of the primary reasons why international students should pursue a master’s in management abroad.

1. Various Specialisations

Students who choose the MS in management program overseas will be exposed to a wide range of standards and disciplines. Marketing, finance, entrepreneurship, consulting, and other relevant topics will be covered.

2. Top-Rated Colleges

Most of the best prestigious and famous universities in the world provide the best MIM programs around the world. HEC Paris, ESADE-Spain, and other institutions provide the top MS in management programs for overseas students.

3. Professional Qualification

Management is a multifaceted discipline with origins in several professional fields, including business, advertising, healthcare, media, and many more. Students who pursue an advanced degree in MIM will be able to obtain the professional knowledge that they want.

4. Multiple Job Positions

Students who have finished their masters in management have several job choices. Graduates can obtain work in the finest businesses and organisations. After finishing their training, students can be hired for some of the highest-paying jobs in the sector. This includes:

• Risk Manager
• Financial Risk Analyst
• Social Media Manager
• Investment Analyst

Suggested:MIS vs MEM vs MIM vs MBA

It is critical for students to comprehend the study program of the postgraduate degree they are going to enrol in. We are providing some significant components of the program, including the duration of the course, core courses, and other required details.

1. Course Duration- MIM course duration is around 1.5- 2 years during which students learn how to utilise data and data-driven decisions in business and management. The MIM program comprises technical studies relevant to IT administration as well as those connected to traditional management.
2. Core Courses- MIM course focuses on the academic aspects of management skills, whilst MBA focuses on the functional. The MBA course curriculum is designed to provide students with in-depth knowledge of how organisations operate.These are some core courses which are a part of the curriculum for masters in management abroad:

• Strategic management
•  Economics
• Risk analysis
•  Marketing

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The Master in Management is planned to be a 1.5 or 2 -year degree program, beginning with the initial phase which lays a strong groundwork for management sciences and allied concepts like statistical methods, analytical skills etc. Some Masters in Management programs are listed below:

1. Accounting
2. Commercial Law
3. Corporate Public Relation
4. Finance for Corporations
5. Economics
6. Entrepreneurship
7. Making Ethical Decisions
8. Human Resource Administration
9. Technology of information

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The MIM course is available in a variety of specialities in different countries. Some of the specialities offered by top universities are as follows:

1. International Trade
2. Sustainability
3. Marketing Creativity Management
4. Quantitative Finance
5. Business Advisory

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Universities and institutions that accept students enrolment have particular requirements regarding personal as well as professional qualities. So, here are some talents that could also help you enrol in a MIM course overseas-

1. Quantitative Skills

Statistical data is heavily reliant on fundamental and theoretical quantitative principles. As an analytics learner, you will be employing an array of quantitative tools and concepts to generate a wide range of answers. As a result, being a knowledgeable specialist in mathematics might be useful at that time.

2. Technological Knowledge

Computer science, analysis, and computers are all critical components of the analytical field. Students need to acquire a variety of technical skills and talents in order to apply their knowledge and experience effectively.

3. Communication Capabilities

As a management student, you will be expected to effectively convey your thoughts and ideas to other professionals in the area. This is when your excellent communication abilities might come in handy and help you get your point through to the group.

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Students seeking enrolment in one of the best universities for MIM abroad must be familiar with the qualifying requirements as well as the papers required for the college admissions process. In this section, we will discuss the qualifying criteria as well as the admission requirements for the top MIM colleges in world.

1. Bachelor’s Degree Certificate
2. English Language Requirements
3. GRE/GMAT Scores
4. Work Experience
5. Passport and Visa

Let us go through these criteria in depth:

1. Bachelor’s Degree Certificate

Students interested in pursuing a MS in management overseas must have a bachelor's degree from a relevant field. Students with a minimum grade of 60% will be eligible for institutions overseas.

2. English Language Test Scores

To be qualified for the courses, overseas students must additionally present their English language competence test results. Students can apply for admission to top schools and institutions overseas by submitting a few scores. PTE scores are also accepted by several colleges.

• IELTS – 7.5
• TOEFL- 90
• PTE-67
  
  

3. GMAT/GRE Scores

Without a GMAT or GRE score, it’s not possible to enrol in top colleges or universities abroad. Though, the score differs from college to college. The general score requirement is-

• GRE -300 to 350
• GMAT -650 or more
  
  

4. Work Experience

Students with 2-3 years of work experience can enrol with top universities abroad. Having work experience can help in understanding the management concept clearly.

5. Passport and Visa

Along with their application, students must give information on their passports and student visa. As a result, applying for a student visa far in advance of the date of the trip is required.

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Documents Required to Apply For MIM Course Abroad

Some additional documents are required for applying to the top universities abroad. Students will have to submit these documents along with their application to the best mim programs in the world.

• Translated reports and transcripts from previously attended institutions
•  Standardised test scorecards
• English Language Test reports
•  Statement of Purpose
• Letters of Recommendation
• Proof of finances
• Updated Resume/CV
• Copy of Passport and Visa
• Study Permit
• Passport Size Photographs
  
  

Admission Process for Masters in Management Abroad

Here we are discussing the important steps that students need to follow to get admission into the best MIM programs in the world.

1. To begin, students must decide on a course offered by the university..
2. Conduct thorough research on the institution or college by visiting the official website and gathering information on course structure and content.
3. Upload digital copies of all necessary papers, such as high school diplomas, exam scores, financial evidence, letters of recommendation, and so forth.
4. Pay the registration cost and submit it via the website.
5. After your application is reviewed, you may be invited to an interview with members of the university's board of directors.
6. If you pass the screening, you will be given an acceptance letter and will be able to pick your seat at the university.
7. After you have paid your program costs for the year, you can start your course.
   
   

Important Resources to Read About Abroad
Best Countries to Study Abroad	Deferred MBA Programs	Returns Of Doing Masters Abroad
Exams to Study Abroad	US vs UK for Masters	Why Study Masters (MS) in USA?

Many colleges and universities provide a variety of masters in management scholarships for overseas students who want to pursue MS management programs in other countries. We've included some information regarding these masters in management scholarships, such as qualifying requirements and advantages.

1. MIM Merit scholarship at London Business School-UK

Students wanting to pursue a MIM course in UK universities can apply for this scholarship to cover the fees. It is a merit-based scholarship granted to students who have demonstrated exceptional personal or educational success.

Scholarship Eligibility Criteria:

• International Students must submit good academic results.
• They should fulfil the visa procedure and will have to undergo some tests.
• Amount- Multiple rewards of approximately £8,000 (INR 725264) are available.
  
  

2. HEC Foundation Excellence Scholarships-France

This scholarship is for international students who are looking forward to pursuing masters in management in France. Students who have excelled in their academics are eligible for this scholarship.

Scholarship Eligibility Criteria:

• Academic strength and overall excellence.
• Students must pass the interview.
• Amount- Allowance of USD1181 (INR 95, 254)
  
  

3. The Eiffel Excellence Scholarship-France

This scholarship is designed to offer proper financial support to academically superior students. This merit-based scholarship is offered to international students who are pursuing master’s courses.

Scholarship Eligibility Criteria:

• International students under the age of 30 years can be considered eligible for the scholarship.
•  Students have to be enrolled in an eligible MIM course and meet all the requirements for the scholarship to be eligible.
• Amount- USD 1400/ (INR 111884) per month

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Cost of Studying Masters in Management Abroad

Different nations that provide opportunities for education to international students have various costs that the student must incur. Before deciding on a location and a degree, you should be aware of the costs that you may incur throughout your academic experience. The total cost of study overseas may be split into two categories: program fees and living expenditures.

1. Course Fees

Tuition fees at the top Mim colleges in world range between USD 15017 – 25028 (INR 12,00,000 to INR 20,00,000) for one year. The cost of pursuing the course will be determined by the country and academic establishment chosen.

2. Cost of Living

Aside from program fees, there are additional costs to consider when studying abroad. These expenditures would include expenses for lodging, meals, transportation, and so forth. Individual living costs vary based on the country visited. For example, in the UK, the estimated yearly living expense is approximately USD 1000- 1500 - 2000 (INR 7, 9655-11, 9483).

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MIM course is a professional program that provides graduates with a wide range of abilities. There are several job options for students enrolled to pursue a successful career. Among the most common career options are mentioned below:

Job Titles	Average Salary Per Year
Risk Manager	USD 60000 (INR 47,94,870)
Financial Risk Analyst	USD 85000 ( INR 67,92,732)
Social Media Manager	USD 11,5000 (INR 91,92,369)
Investment Analyst	USD 88000 (INR 70,34161)
Management Consultants	USD 60000 (INR 47,95683)

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As you can see, we have covered all major aspects of the MIM abroad course to help you with right information and to go ahead with admission. If you are looking forward to more information on universities, visa related, admission process or any other area, connect with Yocket Professionals. We have 95% of Visa success rate and helped students to pursue the course in their choice of country.

Ques. Why should I study MIM abroad?

Ans. MIM is common in European countries, but it is recognised everywhere. It provides students with additional theoretical exposure as well as many internship chances. As a result, it also qualifies a student for a career..

Ques. What is the total program duration?

Ans. Most MIM programs have shorter course durations than MBA programs. The vast number of MIM programs are just one or two years long.

Ques. Can we apply for scholarships for MIM study abroad?

Ans. Yes, you can apply for the scholarship to pursue the MIM course abroad. However, you need to fulfil eligibility criteria set by the university to get the scholarship.

Ques. Is job experience required for MIM enrolment?

Ans. Students having one year of employment may also apply. This is a significant benefit for students seeking a career in management or business-related disciplines since students require little or no job experience to be admitted to a MIM program.

Ques. Which are the best countries to pursue MIM?

Ans. The MIM program is well-known in:

• Germany
• UK
• USA
• Italy