Get instant loan offer suitable to your profile !
On this Page:
Often it is difficult for students to select the correct program after graduation. MBA is an ideal program for professionals with some years of experience, while MIM is opted by students with fewer years of experience.
Rehan is a 25-year-old architect engineer with five years of experience. His next step is to enter the management field, but he is unsure whether he should choose an MBA or a MIM.
Usually, after graduation, students are confused about whether to prefer an MBA or MIM. Well, both of the programs are quite different.
Before making any decision, it is always advisable to do a detailed analysis. We hope this blog will help you make a perfect decision for your future. Let's start with the basic description, followed by major differences:
Students pursue an MBA or Master of Business Administration to emphasize practical, business administrative, and executive skills. The curricular structure of an MBA is designed to help professionals gain wide exposure to business and management operations.
Most graduates opt for the MBA program because they have prior work experience in that particular field. Worldwide, an MBA is quite popular for management and administration studies.
Read more about: 10 Best Countries to Study MBA Abroad
Master in Management programs is becoming increasingly popular. It is a post-graduate program that primarily focuses on accounting and marketing subjects. The teaching methodology applies more academic knowledge.
Under the MIM program, you either graduate with a Master of Science (M.Sc.) or a Master of Arts (M.A.) degree.
It is an ideal program for students who want to expedite their educational qualifications without taking any pause from their studies. Students with no work experience can go for this type of program.
There are significant differences between the MBA and MIM.
As we can see from the definition, MBA and MIM are distinct programs. Although it is easy to understand the suitability criteria for both programs.
The purpose of both programs is quite different, with separate career prospects.
The most crucial point when comparing MBA vs. MIM is the difference in their course structures.
However, both the degrees offer few common subjects knowledge of:
But the question remains the same: What are the differences in the course structures of both programs?
Well, here is the detailed answer for it:
A Master's in Business Administration (MBA) is structured to help students gain a holistic understanding of diverse sectors of management and their function in the business world. The core focus of an MBA is to prepare students with a proficient curriculum. MBA programs tend to integrate functional skills along with enterprise learning. Two-year MBA programs let you enjoy the internship period to gain the best practical knowledge of your subject.
Master's in Management (MIM) programs include business theses, finance, marketing, and leadership skills. You will also be required to research and conduct statistics and data analysis in business. The Master's in Management (MIM) program is a notable course that helps students apply emphasis and general knowledge to theoretical and management subjects. The period for a MIM degree is between 10 and 12 months.
In MBA programs, applicants range in age from 23 to 26 years old, and in MIM programs, they range from 21 to 23 years old.
The expense of studying for an MBA or MIM varies depending on which mainstream education channel you select. Canada and the USA are some popular countries to study MBA, while European countries are mostly known for MIM programs. This section will help you analyze a brief comparison between the costs of both programs.
In Canada, the average cost for top MBA colleges ranges between CAD 15,000 and 40,000 per year. In the USA, the average cost of top MBA colleges ranges between $60,000 and $80,000.
In European countries, the average cost for top MIM colleges is around €11,000-€17,000.
Both of the courses carry equal importance according to your area of interest. But let's try to comprehend the demand in detail. The demand for MBA programs is never-ending as they are globally recognizable. However, MIM programs are in the process of being recognized. Below are some of the demanding courses for both of the programs.
MBA programs are generally costlier than MIM. But the good part is the following is the scholarship that can help you with both the programs.
The popularity of MBA degrees is never-ending. MBA programs are popular in the United States, the United Kingdom, and Canada. The MIM degree is continually growing in countries like France, Germany, and Europe. The below charts will give a detailed analysis of the average median salaries in both the programs.
Source: Glassdoor
Source: Glassdoor
It is crucial to examine all the differences while selecting between an MBA and a MIM. Because your one decision will make your future.
Well, this is a very subjective question. Based on research and data, the MIM degree will help you get entry-level positions, whereas an MBA degree will help you to get mid-level or high-level positions in India.
MBA is usually a mid-career degree with more professionally advanced courses. In, contrast MIM is an early career degree with more emphasis on theory subjects, because of this, you can always do an MBA after a MIM.
Check Your Education Loan Eligibility
Ask from a community of 10K+ peers, alumni and experts
Trending Blogs
Similar Blogs
Network with a community of curious students, just like you
Join our community to make connections, find answers and future roommates.. Join our CommunityCountry-Wise Loans
Best Lenders for Education Loan
ICICI Bank
Axis Bank
Union Bank
Prodigy
Auxilo
HDFC Credila
IDFC
InCred
MPower
Avanse
SBI
BOB