Europe-The Cradle for MIM

Until recent times Masters in Management has been sweeping off graduates with its voguishness as an invigorated power but it has its roots deep in Europe where it first originated.

Masters in Management is an ideal post graduate degree program for individuals with less work experience. It provides comprehensive insight about different management aspects: finance, marketing, consulting and entrepreneurship among many others.

Master’s in Management degree was created in the elite French GrandesÉcoles — the hub of business schools graduates and has the strongest stratum in European business and society. Business schools in Europe owe their success to their former coherence to business communities in France and make sure their students are ready to work in ever-changing business world. Many top French schools, including HEC Paris and ESCP Europe, were created by local chambers of commerce to produce the next generation of leaders. The Master in Management program in France is quite exceptional because of its history. It was first offered by French business schools in the 19th century. The program has evolved and French schools have been among the first to offer academic mobility abroad, double multidisciplinary degrees, and customization of the course.

While the world of management is constantly evolving, MiM bags the top-notch pedestal in Europe being an educational management degree. It moulds into the traditional educational pattern of management European schools. Students prefer staying in university education after their undergraduate degree, taking a diploma, before entering the workforce in mid 20s. This is highly different from other countries where students tend to graduate and get a job straightaway, then think about business education later. European business schools compete for talent across the continent, and courses like MiM sprang up to take advantage.

In contrast to MBA in Europe could burn a hole in your pocket amounting up to EUR33750; MiM , on the other hand usually cost around EUR12,250. This factor acts as a game changer determining popularity of MiM.

Let’s take a look at FT MiM rankings. Since the rankings are clearly on the basis of parameters that the students value ( average salary, previous rankings, class strength, program length etc.) hence, one can get a transparent picture about the nature of the school.

The latest MiM RANKINGS are as follows:

Ranking 2017 Name of the Universities Weighted Salary ($) Placement rate (Within 3 months of graduation)
1
University of St. Gallen, Switzerland 114,449 100%
2
HEC Paris, France 99,145 97%
3
IE Business School, Spain 91,189 93%
4
London Business School, UK 85,262 96%
5
Essec Business School, France 89,067 94%
6
ESCP Europe, France, sUK, Germany, Spain, and Italy 78,215 95%
7
WHU Beisheim, Germany 106,172 95%
8
Esade Business School, Spain 74,869 90%
9
CEMS (Global Alliance in Management Education) 76,333 95%
10
UniversitàBocconi, Italy 75,423 97%

MiM graduates have a slight advantage over MBA graduates, as these MiM students are developed to take up roles which earlier would have been reserved for MBA students, this way the companies can develop managers who are aligned to their companies values and do not have to go through the trouble of training new people for upper-management jobs. The chances of landing a good job after pursuing MiM from a top ranking college are fairly high.

MiM was conceptualized in Europe ,but schools in US, Asia have also started taking notice. If you are fully determined to bag a job after MiM in Europe, cater to the following steps for aid:

  • Choose a country where the immigration laws are not that strict, and you have a chance to work for some time before returning home.
  • Try pursuing internships along with your degree. Internships can transition into good job opportunities. Many top-notch companies pick interns from good MiM schools so make sure you avail yourself of the chance as soon as it shows up.
  • Participate in exchange programs.
  • Be thoughtful and put immense hard work while pursuing MiM. Companies selectively go for a candidate form a good school. Inculcate new skills and keep gaining insights on the sector you work in.
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