Differences Between MIM and MBA

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Differences between MIM and MBA

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Differences between MIM and MBA

Sentence Correction - Diction
An MIM Program usually follows 3 simple criteria:

It teaches General Management

Sentence
Correction Diction

It is open to recent graduates

from T.I.M.E. Pvt
Ltd

It is a postgraduate program

Differences between MIM and MBA –
Parameter
Average Age of
students
Work Experience
Tuition Fees
Most Expensive
Program costs
Average fee of Program

MIM

MBA

23 years

27 to 32 years

0 to 2 yrs (25% of MIM students have 0
yrs of work experience)
63 percent cheaper than MBA
EUR 30000

Program Length

Eligibility Criteria

GMAT Requirements

EUR 70700

Reading
Comprehension
- Skills Tested
SAMPLE
from T.I.M.E. Pvt Ltd

EUR 12550
68 percent of the MIM programs
worldwide are offered in Europe, 17
Geographical spread of
percent in North America, 14 percent in
Programs
Asia-Pacific, and 1 percent in Latin
America.

Course Curriculum

3 to 5 yrs

Reading Comprehension - Skills
Tested

EUR 33750
40% in North America,
28% in Europe. More or
less equally distributed in
other continents

More focus on Application
Focuses more on the theoretical side of and Integrative Courses.
Mgmt, you can even pursue a PhD later You analyze business cases.
on. Your dissertation in the MIM may be
Final dissertation may
research oriented.
include consultancy on a
real business problem.
40 percent of MIM programs take up to
Most European MBAs take
a year to complete; 58 percent take
about one year to complete
more than a year but no more than two
and North American MBAs
years. On average, fulltime MIM
about two years.
programs take 18 months to complete.
About 33 percent of MIM programs
worldwide need a first class degree in
business or Economics. 67 percent do
GMAT Score and work
not require such a degree. Business
experience is compulsory.
graduates have the opportunity to
choose an MIM program that is designed
specifically for their knowledge level.
40 percent of MIM programs need a
GMAT Score of MBA
GMAT Score. Average GMAT Score of
Students is 650.
MIM Students is 610.

Reputation (No
competition between
the 2 programs as they
are meant for different
groups of students)

Primarily known in Europe, but the
concept is catching up in other
continents.

Traditional degree (more
popular among HR
Managers).

Job Level & Salary

Average earnings – 55000 EUR per year.

Experienced or lateral level
hiring.

Numbers - Basic Classification

Numbers Basic
Classification
SAMPLE
from T.I.M.E. Pvt Ltd

Integrated Reasoning - Graphic
Interpretation

Integrated
Reasoning Graphic
Interpretation
from T.I.M.E. Pvt Ltd

Career Impact of an MIM Program –
On average, 90 percent of the fulltime MIM students find a job within three months of graduating. In
half of the programs, between 80 and 100 percent of the students find a job within three months.
Students from programs that hire students with a Business or Economics degree receive 76%
higher salary and 13% more students land a job within 3 months after graduation in comparison
to students having a degree from another discipline.

8/26/2015 1:49 PM

Differences between MIM and MBA

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http://www.time4education.com/GMAT/Differences_between_MIM_MB...

A high GMAT Score and MIM Programs accredited with an EQUIS, AACSB, AMBA yield better
placement opportunities.

The average salary after graduating from an MIM Program is EUR 29,950 or 2.4 times higher than the
average tuition fee. Students who pursue an MIM Program from reputed schools like London Business
School get absorbed in Entry level management positions and do not find the need to pursue an MBA
later on as they embark on a very successful career.

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