1028 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 10 MIM Colleges Abroad 

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:  

(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.  

Student Visa Cost for MIM Abroad  

The cost of a student visa differs according to the country of visit. 

• A student would require a Tier 4 student visa to study in the UK. It can cost around £348 (Approx. Rs 34,149).

• 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. 

• 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). 

MIM Abroad Requirements - Eligibility criteria 

• Should have a Bachelor in Management or a related field

• Overall grade point average i.e. GPA of 3.0 on a 4.0 scale or its equivalent

• IELTS score of 6 or above or TOEFL score of at least 150

• Good GMAT score 

• Statement of Purpose (SOP)

• 2-3 Letters of Recommendation (LORs)

• CV or resume 

• Student Study Visa and Valid Passport 

• Proof of financial resources 

• 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:

• HEC Foundation Student Scholarships 

• MIM Merit Scholarship for London Business School 

• Essec Academic Excellence Scholarship 

• INSEAD Financial fellowship 

• Ivey Business School Financial Need Awards 

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 Graduates 

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. 

Top Companies that hire MIM (Masters in Management) graduates:

• Amazon

• Apple

• Google

• Microsoft

• Facebook

• Uber

• Goldman Sachs

• Ford Motor Company

MIM Abroad FAQs 

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 MIM 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 MIM 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? 

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. 

Q. What are the top universities for a MIM  degree?

A. Some of the top universities for a MIM are Esade, ESSEC, INSEAD, etc. 

Q. What are some of the top companies that hire MIM graduates? 

A. Some of the top recruiters for Masters in Management graduates are Google, Amazon, Facebook, Youtube, etc. 

Q. What is the average GMAT score to get admitted to MIM program? 

A. The average GMAT score for admission to good institutions is 590-790.

Q. Is it compulsory to have work experience for admission to MIM abroad? 

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. 

Q. When should we apply for a visa to study abroad? 

A. It is advisable to apply at least 3 months before the start of the program for a visa.

Shikha Kumari01-27-2023 20:13