MIM or MBA in Business Management will be a worthwhile investment and will go a long way in helping you secure a place in this global world. However, it depends on what you ultimately prefer in Business. To gauge that, understanding the difference between MIM and MBA becomes necessary.
The Masters in Management (MIM) is a Master's degree program completed in one to two years with graduate-level coursework in Business Management.
A Master in Business Administration (MBA) is a Master focusing on Business Administration, Investment Management, and others.
To understand this better, let's examine the difference between MIM and MBA.
What is the difference between MIM and MBA?
The difference between MBA and MIM has focused on the fact that MIM originates from Europe and has a smaller duration, i.e., 10-13 months. Moreover, MIM can be considered 40%-60% similar to an MBA but concentrates more on the theoretical part of the education, unlike MBA abroad, which helps students get more hands-on experience.
There's an overview of MIM vs. MBA.
Basis | MBA | MIM |
Who they are suitable for? | Working professionals and graduates | Recent graduates or freshers |
Time duration of the course | 1-2 for full time | The average duration of a MiM course is 10-12 months |
Popularity | Worldwide Recognized | Recognized more in Europe |
Course structure | Professional level studies | Fundamental or theory-based studies |
Age of applicants | The average age of the applicants is 27 years | The average age of the applicants is 23 years |
Career Opportunities | With a few years of work experience, MBA graduates are usually hired for mid-level positions. | MIM graduates are generally hired at entry-level positions. |
Top MBA-Demanding Courses
MBA in Digital Marketing
MBA in Business Analytics
MBA in Data Analytics
MBA in Entrepreneurship
MBA in Finance
MBA in Strategy
MBA in International Business
MBA in Human Resource Management
MBA in Risk Management
MBA in Operations
Top MIM-Demanding Courses
MIM in Operation Management
MIM in Engineering Management
MIM in Financial Management
MIM in Management Theory
MIM in Supply Chain Management
MIM in Organizational Behavior
MIM in Human Resources Management
MIM in Management Information Systems
MBA programs are generally costlier than MIM. But the good part is that the following scholarship can help you with both programs.
MBA
Harvard University-Boustany Foundation MBA Scholarship
IUBH Online MBA Scholarships
UWE Bristol MBA Scholarship
Stanford Reliance Dhirubhai Fellowship
ALBA Graduate Business School Scholarships
Oxford Pershing Square Scholarship
The Skoll Scholarship
Global MBA Scholarships for Women—University of London