The Masters in Management program is designed specifically for fresher graduates in the early phases of their professional life to get a hands-on professional degree similar to the traditional full-time MBA program. Besides, management degrees were primarily designed as a cheap alternative and often considered precursors to MBAs. Moreover, there are plenty of reasons why pursuing a MIM degree now in 2021 is the best way to move forward in your career.
- Very little to no work experience required:
One of the most significant benefits of a master’s degree in management is that it offers a way to advance your business knowledge immediately after graduating from the bachelor’s program. Classical business degrees, such as the MBA degree, usually require a considerable amount of initial work experience. Sometimes the work takes between 3 and 5 years. Many MIMs do not require work experience, or most do not expect one year of employment.
- Theoretical and practical learning experience:
Initially, the Masters in Management is designed as a program that offers in-depth theoretical classes and an excellent learning environment. However, many business schools are beginning to incorporate practical experience, making MIMs more versatile and adapting to the current global job market’s needs. Leading organizations and guest lecturers on internship opportunities respond to aspiring business professionals’ real-world experience needs.
- Popularity among big brand names:
The business school market is changing, and MIMs are becoming more popular with both students and employers. Once you graduate, you are more likely to have a well-paying job. Although the MIM program has its roots in Europe, a growing number of American business schools are accepting eligibility. As MIM alumni continue to enrol in the workforce, employers are reaping the benefits of the degree. Today, many international employers recruit directly from MIM programs.
- Help develop managerial skills:
MIM programs generally focus on leadership skills and personal development. In many cases, teamwork exercises are an essential component of MIM courses and seminars. A MIM degree will help you develop excellent interpersonal skills and solve an immediate problem. Overall, you will know how to use management theory in the real world of business. You will have a clear understanding of how a business operates with the socio-economic environment in mind. You will be able to manage the challenges of global affairs.
- Insights from business leaders:
Due to worldwide partnerships between top business schools and corporations, some masters will also have the opportunity to gain international experience in these management programs and travel to several different countries to gain insights from leading global experts.
- Return on investment
If you are working on your undergraduate degree, your options are open. You may want to consider if you wish to go back to school or go to work first. You need to understand that the easiest way to do that is to work in various ways through Return on Investment (ROI). With the business insights offered by MIM programs, you can expect to start a job after graduation, which helps you recover your tuition fees much faster than an MBA. It is partly because MM programs have significantly lower prices than their MBA counterparts.
- Promising job opportunities
This degree is popular in Canada and Europe. After earning this degree, students usually get an entry-level job like a management trainee. He is also known as an analyst. After gaining experience, MIM graduates can work as HR Manager, Training Manager, General Operations Manager, Sales Manager or Business Development Manager. Also, after gaining significant work experience, they can work in senior management roles.
A master’s in management degree would allow you to attain expertise and career progression, which is equivalent to that of an MBA graduate. Thus, it would be best if you took advantage of this opportunity as it is now under the radar of some of the world’s top business brands.