MBA vs MiM

A Master of Business Administration (MBA) is an internationally recognized degree focusing on business and management. It is a traditionally popular option for learners who want to advance in business field. However, in recent years, there is another programme offering business education gaining standing, namely Master in Management (MiM). You may wonder what the differences are between an MBA and an MiM. By reading the following list, you would have a better idea which programme is more suitable for you if you are thinking about seeking further study in the business field.

Target Learners

MBAs target learners with several years of work experience in the business environment whereas MiMs are for recent graduates who have little work experience. Because of such a difference, the MiM students are usually younger, with an average age between 21 and 25 while MBA students range between 25 and 32 years of age.

Curriculum

Since MBA learners are experienced professionals, MBAs aim at building their managerial and problem-solving skills via case analysis. Moreover, MBA programmes usually offer electives for learners to have a deeper knowledge in specialized areas. MiMs focus on providing a business foundation and an in-depth theoretical knowledge for the learners.

Programme Duration

MBA programmes usually last for one to two years in duration, depending on comprehensiveness and whether the learners take part-time or full-time mode. MiM programmes are usually shorter, with an average duration of 10 to 12 months.

Tuition Fees

The tuition fees for most MBA programmes are two to three times more expensive than the MiM programmes. If cost of study is a concern, MiMs should be an attractive option, which also offers a promising prospect for graduates.

Post-Graduate Opportunities

MBA students start with work experience and thus the MBA programmes can lead to a more respectable level of job position. Though MiM graduates mainly take up entry or freshman level positions, with the business knowledge and skills learnt in the programme, companies are usually more willing to provide them with opportunities of development and so a better chance of promotion.

If you want to have more details of the MBA programmes or MiM programmes, you can take a look at AcademicsDB.

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