1018 MIM in Abroad for Indian Students - Universities, Colleges, Fees 2024, Deadlines
Masters in Management or commonly referred to as MIM is one of the specialised courses offered abroad. MIM is a unique program that has been designed to prepare students for a career in management at the postgraduate level. The MIM course focuses on the latest management trends and includes modules on Marketing, Finance, Strategy, Entrepreneurship and other related areas. There is also an internship opportunity for MIM-pursuing candidates that provides students with hands-on experience before they graduate from universities in abroad.
MIM Abroad Highlights
Top MIM (Masters in Management) Colleges |
919+ Approx. |
MIM (Masters in Management) Cost |
Tuition expenses -Â INR 20.02 Lacs Approx for 1 year |
Top Specializations |
Accounting, Marketing, Analytics, Finance, Entrepreneurship, Business ethics |
Admission Process |
2-3 years of full-time work experience + A Bachelor's degree or equivalent +Â GMAT score +Â IELTS score of at least 6.0-6.5 + 2-3Â Letters of Recommendation +Â Statement of Purpose |
Top 10 MIM Colleges AbroadÂ
The list of the top 10 MIM (Masters in Management) Colleges in the world along with its QS World ranking in the field of Management is listed below:Â Â
MIM Offering Universities |
QS World University Management Ranking 2022 |
#1 |
|
#2 |
|
#3 |
|
#4 |
|
#5 |
|
#6 |
|
#8 |
|
=12 |
|
#14 |
|
#20 |
(Source: QS)
Cost of MIM Abroad
The approximate cost to study MIM (Masters in Management) abroad is between INR 12 Lacs to INR 20 Lacs for 1
Masters in Management or commonly referred to as MIM is one of the specialised courses offered abroad. MIM is a unique program that has been designed to prepare students for a career in management at the postgraduate level. The MIM course focuses on the latest management trends and includes modules on Marketing, Finance, Strategy, Entrepreneurship and other related areas. There is also an internship opportunity for MIM-pursuing candidates that provides students with hands-on experience before they graduate from universities in abroad.
MIM Abroad Highlights
Top MIM (Masters in Management) Colleges |
919+ Approx. |
MIM (Masters in Management) Cost |
Tuition expenses -Â INR 20.02 Lacs Approx for 1 year |
Top Specializations |
Accounting, Marketing, Analytics, Finance, Entrepreneurship, Business ethics |
Admission Process |
2-3 years of full-time work experience + A Bachelor's degree or equivalent +Â GMAT score +Â IELTS score of at least 6.0-6.5 + 2-3Â Letters of Recommendation +Â Statement of Purpose |
Top 10 MIM Colleges AbroadÂ
The list of the top 10 MIM (Masters in Management) Colleges in the world along with its QS World ranking in the field of Management is listed below:Â Â
MIM Offering Universities |
QS World University Management Ranking 2022 |
#1 |
|
#2 |
|
#3 |
|
#4 |
|
#5 |
|
#6 |
|
#8 |
|
=12 |
|
#14 |
|
#20 |
(Source: QS)
Cost of MIM Abroad
The approximate cost to study MIM (Masters in Management) abroad is between INR 12 Lacs to INR 20 Lacs for 1 year. The living cost of an individual varies depending on the country of visit. For example, the average living cost in the UK can be around INR 8 Lacs for a year whereas, in the US, it can cost around 6 Lacs for a year. Â
Student Visa Cost for MIM Abroad Â
The cost of a student visa differs according to the country of visit.Â
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A student would require a Tier 4 student visa to study in the UK. It can cost around ÂŁ348 (Approx. Rs 34,149).
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To study in France, the student visa would cost €99 (Approx. INR. 8,182) and an additional charge of €50 (Aprox. INR. 4,133) as a processing fee.Â
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To study in the US, a student needs to pay a SEVIS fee of up to USD 350 (INR 27,171) plus a visa application fee of USD 160 at the moment (INR 12,419).Â
MIM Abroad Requirements - Eligibility criteriaÂ
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Should have a Bachelor in Management or a related field
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Overall grade point average i.e. GPA of 3.0 on a 4.0 scale or its equivalent
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Good GMAT scoreÂ
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Statement of Purpose (SOP)
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2-3 Letters of Recommendation (LORs)
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Student Study Visa and Valid PassportÂ
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Proof of financial resourcesÂ
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Work experience (wherever applicable)
MIM Scholarships Abroad
Scholarships for a Masters in Management are available to those who want to pursue a career in the field. These scholarships are offered by universities and private institutions and cover tuition fees, living expenses, and books. Some of the scholarships while pursuing MIM abroad would be available at the following universities abroad:
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HEC Foundation Student ScholarshipsÂ
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MIM Merit Scholarship for London Business SchoolÂ
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Essec Academic Excellence ScholarshipÂ
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INSEAD Financial fellowshipÂ
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Ivey Business School Financial Need AwardsÂ
MIM Jobs and Salaries in Abroad
As per Coursera, the average salary of a MIM (Masters in Management) graduate is USD 55,000. The salaries can go upto around USD 120,000 with few years of experience. The world is becoming increasingly competitive and the need for skilled workers is rising. MIM graduates can find jobs that are not only lucrative but also challenging and exciting. Some of the most popular jobs for MIM (Masters in Management) graduates are in digital marketing, customer service and product management. MIM students can also find opportunities in education, healthcare, IT consulting, and more.
Top Recruiters in Abroad for MIM GraduatesÂ
MIM (Masters in Management) graduates are sought after in the job market because of the skills they learn. They are able to work in a wide range of fields, including marketing, advertising, and public relations.Â
Top Companies that hire MIM (Masters in Management) graduates:
- Amazon
- Apple
- Microsoft
- Uber
- Goldman Sachs
- Ford Motor Company
MIM Abroad FAQsÂ
Q. What is a Master's degree in management?
A. A master's degree in management typically takes around two years to complete. It is often a postgraduate degree that aims to prepare students for higher-level roles such as leadership, entrepreneurship, and international business.
Q. What are the core skills required for a Master's in Management?
A. The skills required for a Master in Management vary depending on the type of program that you choose to study. Some programs require students to have experience with finance, while others require students to have experience with marketing or human resources.
Q. What is the duration of a MIMÂ degree?
A. The duration of a MIM degree is usually 1-2 years long. The duration of the course may vary with each university abroad the international students wishing to apply for.
Q. What is the difference between MIMÂ and MBA?
A. The MBA degree is considered an advanced degree that provides students with the skills and knowledge needed for working in management positions. The MIM (Masters in Management) on the other hand, is considered as a professional program that helps students learn about management positions specifically for one industry or field of study.
Q. What are the important courses covered under MIM degree?Â
A. The program offers core courses like Advertising Theory and Practice, Digital Marketing, Public Relations, and Analytics, which are essential for every student aspiring to work in this field.
Q. What are the requirements for a MIM degree?
A. In order to apply for an MIM, you need to have a Bachelor’s degree or equivalent qualification. You also need a good GMAT and IELTS score. Work experience may or may not be required.Â
Q. What are the top universities for a MIM Â degree?
A. Some of the top universities for a MIM are Esade, ESSEC, INSEAD, etc.Â
Q. What are some of the top companies that hire MIM graduates?Â
A. Some of the top recruiters for Masters in Management graduates are Google, Amazon, Facebook, Youtube, etc.Â
Q. What is the average GMAT score to get admitted to MIMÂ program?Â
A. The average GMAT score for admission to good institutions is 590-790.
Q. Is it compulsory to have work experience for admission to MIMÂ abroad?Â
A. MIM (Masters in Management) programs need to have 0-1 year of work experience. However, there are colleges that do not need work experience at all.Â
Q. When should we apply for a visa to study abroad?Â
A. It is advisable to apply at least 3 months before the start of the program for a visa.