MiM, and MBA are all graduate level programs. In Masters programs, the focus areas can vary significantly (for example, Finance, Global Business, and so on).
A program is management is an option that often attracts people of all ages, professional domains, and people at different stages in their careers. Whether you are a fresh graduate, or have over 5 years of experience, an education in management is often a prerequisite to take your career to the next level.
So today we are here discussing the most popular programs in business and management, Masters of Business Administration (MBA) and Masters in Management (MiM). Chances are, you definitely would have heard of these two options. Even though they might sounds incredibly similar, the programs are widely different and cater to an entirely different set of students. Like they say, the devil lies in the details.
Without further ado, let’s dive right into it. Here are the key differences between an MBA and MiM-
1. The classroom- The MBA classroom consists of people with more than 5 years of professional experience in their significant fields and is open for people from all domains. MiM is targeted at fresh graduates and people with under 3 years of experience. Thus, the average age is also lower in MiM applicants.
2. The objective- While most MBA candidates are seeking to accelerate their career or make a vertical career progression, MiM program candidates are usually kick starting their professional journey. The reason to take up the program differs among the cohort.
3. The curriculum- MBA programs focus more on professional learning and skill development, while MiM programs are more theoretical. The focus of MBA programs is to gain specialised knowledge, while MiM programs focus on laying a robust foundation of functional areas of management among the students.
4. The tuition fee- MBA programs are significantly costlier than MiM programs as they include more practical, hands-on learning, work opportunities, and so on.
While there are many other differences between the programs, these are the key differences that would help you in decision making and choosing the best program that fits your requirements.
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