MIM vs MBA - Key aspects worth knowing

Posted date: 29 Jan 2022

MIM and MBA are both very popular among international students who study abroad. MIM versus MBA is a topic that should be thoroughly researched before making a career decision. It primarily stands for MIM, or Masters in Management, as opposed to MBA, which stands for Masters in Business Administration. Both courses have core fundamentals or similarities, but the former appears to be in a better position for a variety of reasons. MIM (Master in Management) is a postgraduate degree programme for people who have recently graduated and have little professional working experience. It is a popular degree that provides significant knowledge in a variety of management areas such as consulting, finance, marketing, and entrepreneurship, among others. Professional employment experience does not necessarily play a part in MIM programme selection procedures. These postgraduate programmes are designed for possible candidates from a pool of young professionals and new students who have been working for at least a year or two.

MBA degrees, on the other hand, require a minimum of three years of work experience. Aspiring management students are typically more concerned about the requirement of work experience, which leads them to prefer MIM over an MBA degree. MIM degrees have primary qualifying requirements such as a Bachelor's degree, documentation of language skills, and, at times, GMAT or equivalent examinations such as GRE and academic successes throughout the undergraduate degree length. Full-time MBAs will require the GMAT, at least three years of work experience, and you should keep in mind that a significant percentage of accepted candidates have at least five years of experience. MBA or MIM degrees are both advantageous for students interested in furthering their management careers and offer excellent future prospects.

According to surveys, just 40% of MIMs require the GMAT, with an average score of 610. At the same time, the GMAT is required for MBAs, with an average score of 650. MIM is ideal if you want to pursue a career in business management, whereas MBA is for those who want to gain more in-depth knowledge of their chosen field of work. MIM applicants have an average age of 23 years, while MBA applicants have an average age of 27 years.

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