Masters in International Management - For years, MBA, or Master in Business Administration, has been the most popular and sought-after qualification in management around the world. But with the increase in competition and the globalization, a new management degree has taken the world by storm, with graduates of masters in international management ranking amongst some of the most sought-after professionals in the world. A masters in international management is also called an MIM qualification and differs from other management qualifications in the aspect that it focuses primarily on international business and administration. Students focus upon discipline-based concepts associated with management in the international business context and the application of theoretical knowledge to practical global business situations. In many global organizations, the MIM salary and role is equivalent to that of MBA graduates. The masters in international management is sometimes confused with the masters in management qualification as both are abbreviated as MIM.
MIM vs MBA
Amongst prospective students, the dilemma between picking an MIM or an MBA is always a challenge. In regard to the MIM vs MBA comparison, MIM stands for master in management. A masters in international management is often termed to be a subset or a specialization of MIM. Contrary to popular belief, both the degrees are not identical despite the comparable MBA and MIM salary as well as the masters in international management jobs seeping into the MBA employment pool. Both the degrees offer advanced qualifications in management, but the MIM is considered more theoretical than the MBA. Additionally, the admission requirements are staggeringly different in the MIM vs MBA battle. Where the top MBA programs require prior work experience of around 5-8 years, MIM programs don’t have any work experience requirements and are open to fresh graduates.
Masters in International Management: Eligibility
The eligibility for any masters in international management program is dependent upon the type of degree which is awarded by the program.
For MBA programs in international management, such as the MIM in Canada offered by the University of Toronto, a certain amount of prior work experience (at least 2 years) is required. On the other hand, non-MBA programs usually don’t have any prior work experience requirements but work experience is highly beneficial for prospective students to maximize their learning experience from the program.
An academic qualification in business administration or management is not a sound prerequisite, but a strong background in either mathematics or economics is a must for applicants. If the applicant has a different academic qualification then substantial work experience in a management-related role is beneficial towards the selection process and ensures that the applicant will be able to perform in masters in international management jobs.
Many of the programs for MIM in Europe are dual degree programs and these also require the candidate to be enrolled in an MSc or MBA program prior to applying for the dual degree option leading to a masters in international management.
Admission Requirements for Masters in International Management
The admission requirements for a masters in international or MIM qualification include a variety of essays, supplementary documents and academic records. The general requirements for all masters in international management programs are:
Two to three letters of recommendation from professional and/or academic referees associated with the applicant.
The applicant needs to submit an essay or statement of purpose delineating his or her motivations and goals associated with the particular masters in international management or MIM program.
Most universities require applicants to submit GMAT scores. Most universities for MIM in Europe accept only GMAT scores whereas some universities in US and Canada also accept GRE scores.
English language proficiency test scores are required for admission from tests like IELTS Academic, TOEFL iBT, PTE Academic, Cambridge Certificate in Advanced English etc. The minimum scores required for some of the leading masters in information management ranking universities are given below.
English Language Proficiency for Masters in International Management
English Language Proficiency Test
The National University of Singapore
University of Toronto
The Hong Kong University of Science and Technology
London School of Economics
The University of Melbourne
London Business School
No specific minimum score requirements
Copenhagen Business School
Applicants are required to submit a resume or curriculum vitae depending upon the individual university’s requirement.
Official transcripts and academic records from any prior qualifications obtained by the applicant need to be submitted to the university.
A completed application form along with the application fee need to be submitted prior to the application deadline.
Top Universities for Masters in International Management
Some of the top universities in the masters in international management rankings are in the United States. These are generally either joint programs of MS programs in international management. The programs for MIM in Europe are present in leading business and management universities in the UK, France, and Italy amongst others. The program for MIM in Canada offered by the University of Toronto is an MBA specialization and is, therefore, pedagogically different from other masters in international management programs. Most of the top universities offer programs which are either one or two years in duration.
Top Masters in International Management/MIM Programs
QS World Rank
Global Masters in Management (MiM + MSc in International Business)
University of Pennsylvania
MBA/MA Lauder Program in International Management
Stanford-NUS Executive Program in International Management
Global Master’s in Management
MiM in International Management
MIM in International Business
Master of International Business
MSc in Management Studies + CEMS Masters in International Management
MSc in International Management
MSc in EBA - International Marketing and Management
MBA in Global Management
Masters in International Management: Fees and Funding
Although the tuition fee for an MIM program is generally lower than the fee for an MBA, it is still a staggeringly large sum, especially for overseas students. The tuition fee also varies from country to country and university to university. The prospective MIM salary and the masters in international management jobs available for graduates is a substantial reason for justifying such a great investment in education. The annual tuition fees for some of the leading universities in the masters in international management ranking are below.
Annual Tuition Fees for Masters in International Management
Annual Tuition Fee
$111,900 (+dual degree tuition)
CAD $120,680 (total)
€ 39,700 (total)
Hong Kong, China
HK $330,000 (total)
DKK 11,719.00 (per course)
Apart from the lucrative masters in international management salary averages available, the academic experience gained from an MIM program is incomparable. Therefore, in order to allow an increased number of students to pursue an education in masters in international management, a wide number of scholarships are available worldwide. These scholarships help students remain financially stable until they can bag their own masters in international management jobs. Many scholarships are offered by the university, whereas other are external scholarships. Some notable scholarships for prospective masters in international management students are given in the table below.
Notable Scholarships for Masters in International Management
HEC Foundation Excellence Scholarships
Bureau of Indian Education scholarships
Global Masters in Management Merit Scholarship
London Business School Fellowship
Graduate support scheme
JN Tata Endowment
Double Degree Study Awards
The GREAT Scholarship - India
Margaret Basu Scholarship
Your brochure has been successfully mailed to your registered email id .
The Question containing Inaapropriate or Abusive Words
Question lacks the basic details making it difficult to answer
Topic Tagged to the Question are not relevant to Question
Question drives traffic to external sites for promotional or commercial purposes
The Question is not relevant to User
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile