Master of Business Administration (MBA) and Master in Management (MIM) are two specialised courses that offer management education to students at the post-graduate level. Both are management degrees that offer great career potential. So, here’s a guide comprising a course overview, the difference between an MBA and a master’s degree in Management, and other interesting details.

Key Highlights

• Masters in Management: An overview
• Master of Business Administration: An overview
• Masters in Management vs MBA: Key differences
• Best colleges abroad for MIM and MBA
• Career avenues to pursue after MIM and MBA
• MBA vs MSc in Management: How to choose?

Masters in Management: An overview

An MIM is a 1-2 year program that provides a comprehensive understanding of management practices and concepts. The curriculum offers both theoretical and practical knowledge via case studies, group projects, classroom learning, and guest lectures. It prepares students for various job roles across different industries. MIM is one of the most popular study programs in Europe and is commonly referred to as Master of Science in Management (MSM), also known as MSc in Management. Some of the common specialisations of this program are Finance, Economics, Strategy, Analytics, and Marketing, to name a few. Also Read: Why Do An MBA? Is It Worth It?

Master of Business Administration: An overview

MBA is an internationally recognised degree that equips students with the necessary management knowledge regarding business operations. It is a 1-2 year course that enhances students’ strategic thinking, leadership, and problem-solving skills. Moreover, it prepares them for leadership roles in varied industries. The course involves a mix of classroom learning, group projects, case studies, and guest lectures. The most sought-after MBA specialisations are Sports Management, Business Analytics, Digital Marketing, International Business, etc.

Also Read: A guide for pursuing an MBA abroad for Indian students

Career avenues to pursue after MIM and MBA

Some of the top career roles offered to MIM graduates are as follows:

• Business Development Manage
• Digital Media Manager
• Project Manager
• Investment Banking Analyst
• Marketing Analyst

Also Read: Top IT universities in Australia for master’s degree

The popular job roles offered to MBA graduates are:

• Finance Manager
• Management Consultant
• Operations Manager
• Product Manager
• Business Analyst

Both graduates are in high demand by industries, but when it comes to the salary of a Masters in Management vs MBA graduates, the latter takes the lead. Generally, MBA graduates can expect to earn higher salaries due to a greater level of experience. Now, let’s find an answer to this question: MBA or MSc in Management, which is better?

MBA vs MSc in Management: How to choose?

Both MBA and MIM are professional degrees that offer bright career prospects. Therefore, choose the program after evaluating your career aspirations, interests, and academic background. For instance, an MIM degree can be an ideal option to pursue if you are a young professional and want to enter the corporate sector to gain practical exposure. On the other hand, an MBA degree can boost your career if you possess some years of experience and are looking for senior leadership roles.

So, this is what you must know about an MS vs MBA degree in Management to make an informed decision. If you are willing to pursue any of these degrees from international universities but are facing financial troubles, you can apply for an education loan for abroad programs. At Avanse Financial Services, we offer personalised student loans with multiple benefits. Hence, contact us today to know important details about student loans in India, such as student loan interest rates, the application process and more.