Ft MIM & MBA Ranking: Financial Times Latest Masters in Management Ranking

With the increasing popularity of MiM- Masters in Management amongst young professionals, more and more students are coming upfront to acquaint themselves with the newly introduced course and pursue a degree in the same. FT MiM rankings is the way to show students which college if best at providing this degree.

Masters in Management is a premium post-graduate degree designed to provide comprehensive knowledge about varied management streams such as Finance, Marketing, Consulting, Entrepreneurship, and many others.

Master in Management or MIM is a popular choice of professional degree among fresh graduates or people with less work experience. This is because it provides a comprehensive understanding of management fields- marketing, operations, finance, consulting, entrepreneurship, etc., in a shorter duration than an MBA degree. Therefore, with the increasing popularity of MIM amongst young professionals, more and more students are coming upfront to acquaint themselves with the newly introduced course and pursue the degree. 

However, MIM is a relatively new concept to MBA. Thus a common query for young aspirants is whether they should pursue this degree or not. 

Well, if you are looking to change your career path to management, upgrade your work life, or want to study in a different country and explore a variety of cultures and network with people from other nations. All these things are achievable, even if you are from a non-management background. Additionally, after graduating with a MiM, you have a strong chance of getting a job and continuing your education as MiM Graduates can pursue PhD studies.

However, the majority of MiM graduates chose to work immediately after graduation. Although a PhD is a fantastic option for furthering your research or obtaining a thorough grasp of the area and its operation, a PhD is a wonderful option. However, the best option is to try your hand in the industry and see what you can do.

A MiM degree prepares an individual for a strong kickstart to his career. It focuses on inducing versatility among young professionals.

List of Top MIM Schools as per FT MiM Rankings

1. University of St. Gallen

The University of Gallen has named its MiM program – Strategy and International Management (SIM). This 18-months long SIM program has been ranked #1 in financial times since 2011. The strategy and International Management (SIM) class size at the University of St. Gallen is 50. The strategy and International Management (SIM) curriculum contain 5 compulsory core courses and 3 core electives. The 3 core electives of this program include the advanced management courses and Integratives.

2. HEC Paris

Ranked 2nd as per the FT MiM Rankings 2022, the Master in Management program of HEC Paris caters to the need of the young graduates looking to enhance their management and leadership skills. The HEC Paris MiM program offers 20 specializations and 20 international dual degree programs. Moreover, it offers a number of electives and an optional year gap. Their one of a kind dual-phase program is probably what makes it the 2nd best MiM Degree program across the globe. 

3. University College Dublin

The MSc in Management program of this university is a tailor-made program to suit the needs of the students who wish develop their career in business, but do not have a business background. This implies that you do not have to be graduated with a business background to be eligible for this program. It is available to all the students including, engineering, law science, arts, the social sciences, nursing, and agriculture. The class size of this program is about 94.

4. London Business School

The LBS MIM program is developed in collaboration with the top recruiters of the world. Hence, its is natural that the curriculum will enable you to adapt to and understand critical business, and international perspectives. This ultimately bestows the students with the practical knowledge of the business world. The core courses of the MiM curriculum of LBS include Decision and Risk Analysis, Data Analytics for Management, Business Analytics, Finance, Marketing, Strategy, etc.

FT MIM Rankings

After deciding on your course of study, it is crucial to decide which college you would like to attend. Often we see students struggle in making the right choice about their college and eventually land up in a dilemmatic situation. In order to make it easier for you, we have curated a list of the top 50 schools to pursue a MiM degree.

Requirements to Study within FT MiM Rankings list

As a MiM degree is designed for young graduates, it does not require a lot of work experience like an MBA degree. It has made this one of the most popular degrees of all time. However, there are some requirements for international students to study MiM-

Eligibility Criteria to study MIM abroad

Undergraduate or a bachelor’s degree: Since MiM is a master’s degree, it is natural that you must have completed your undergraduate degree and submit the same as proof.

Work Experience: As mentioned above, the focus of this degree is the students who just graduated from college. For this reason, the work experience criteria of MiM are not as stringent as an MBA. You can apply with even a work experience of fewer than 2 years.

Application process 

After completing your graduation, you need to select the college(s) you want to apply to. Before applying to the college(s) you have selected, please make sure that your educational background fits the eligibility criteria of that school. Though you are eligible to pursue a MiM degree irrespective of your field of graduation, you must check the eligibility criteria. This is because it can save you from wasting precious time.

According to the college you are applying to, complete English proficiency exams such as TOEFL, IELTS, etc. Take competency tests such as GMAT, GRE, etc., if required by the university.

Why Consider a MIM degree?

Often referred to as an alternative degree or a precursor to a traditional MBA, pursuing a MiM has its own benefits. Some of them are as follows-

Masters in Management are globally oriented: The main reason for the popularity of the MiM degrees is that these degrees are mainly designed for international students as they are taught in English. The core courses that are instructed in most MiM degrees are Management theory, organisational behaviour, etc. 

Little or no work experience required: One of the most significant benefits of a Master’s in Management is that it allows you to expand your business skills immediately after completing a Bachelor’s degree programme. Traditional business degrees, such as an MBA, typically require a significant amount of prior job experience, typically between 3 and 5 years. Many MIMs have no job experience requirements or only require one year of previous work experience.

Masters in Management give the foundation for a successful career start and aids recent graduates in finding suitable employment in an increasingly young labour market with high expectations.

Get a versatile study experience: The Master’s in Management, which began as a Master of Science (M.Sc.) degree, is a programme that combines in-depth theoretical coursework with a supportive learning environment. In addition, electives such as money psychology, e-commerce, and corporate ethics are available. You may even acquire a second language as part of your MIM degree, which may be a programme requirement.

However, more management schools are beginning to incorporate practical experiences, making MIMs more adaptable to the contemporary global job market.

Practical classes, when combined with guest speakers from top organisations and internship possibilities, meet the demand for real-world experience among ambitious business professionals. McKinsey, P&G, L’Oréal, and Google are just a few examples of partners who are continually on the lookout for young managers.

Capture insights from leading business leaders across the world: Some Master’s in Management programmes will also provide the opportunity to obtain international experience and travel to several other locations to gain insights from leading global experts. Thanks to global connections between top business schools and organisations.

Develop a complete set of managerial skills: Management necessitates a broad understanding of a variety of linked areas. Masters in Management programmes attempt to meet this requirement by offering classes on a wide range of topics.

Future managers will be able to appreciate the intricate interrelationships between business topics and contribute to relevant conversations. MIMs normally have a strong emphasis on leadership and personal development. In many MIM courses and seminars, collaborative activities are an integral part of the curriculum.

A MIM degree will primarily assist you in developing strong interpersonal skills, being a rapid problem solver, and understanding how to apply managerial theory to the real world of business. You’ll have a thorough knowledge of how a corporation runs in the context of the socioeconomic environment, and you’ll be able to deal with global difficulties.

Acquire leadership skills at an affordable price: Masters of Management degrees are typically less expensive than other popular and sought-after business degrees, like a Master of Business Administration. Depending on the university, specialisation, and even location, the annual MIM study fee might range from 2,000 to 30,000 EUR. MIM in UK and the United States normally have higher tuition rates, yet even the highest available tuition is usually half the cost of an MBA programme offered by any institution in the globe.

Types of Job Profiles After MIM

1. Business Development Manager

Working as a business consultant might be a good fit for you if you have experience managing firms and understand many parts of finance, marketing, business, and management. They are responsible for raising the company’s income by bringing in new customers. Their analytical and communication skills come in handy at work and in maintaining outstanding customer connections.

2. Social Media Manager/Digital Media Manager

Nowadays, this is a crucial domain for every firm since it is one of the most important areas for marketing and communication. This profession entails a great deal of responsibility since you are the public face of your company. In order to execute social media campaigns, you need also know how to optimally use  social media platforms and have a creative mindset. When it comes to developing a digital media marketing plan, you’ll need a keen eye. In order to design relevant tactics, you must also have a thorough understanding of various technologies such as Google Analytics and other tools.

3. Project Manager

Project managers have the scope of working in a variety of fields and industries, such as marketing, healthcare, infrastructure, information technology, etc. They are in charge of completing the task in a timely manner. They must be able to operate under pressure, as well as effectively manage a team. Therefore, their organizational and communication abilities are extremely important. Aside from that, they must ensure that the projects are done on schedule and within the budget.

Top Companies Hiring MIM graduates

The Master in Management (MIM) degree is becoming increasingly popular among recent graduates who want to pursue careers in management and business. Many top companies recognize the value of hiring MIM graduates and actively seek them out for employment. Here are some of the top companies hiring MIM graduates:

McKinsey & Company

McKinsey & Company is a global management consulting firm that hires MIM graduates for a variety of roles, including business analyst, research analyst, and consultant.

Amazon

Amazon is a multinational technology company that hires MIM graduates for roles such as operations manager, product manager, and business analyst.

Deloitte

Deloitte is a global professional services firm that hires MIM graduates for roles such as consulting analyst, strategy analyst, and risk advisory consultant.

Goldman Sachs

Goldman Sachs is a multinational investment bank and financial services company that hires MIM graduates for roles such as investment banking analyst, operations analyst, and risk management analyst.

L'Oreal

L'Oreal is a French multinational personal care company that hires MIM graduates for roles such as marketing manager, product manager, and business development analyst.

Nestle

Nestle is a Swiss multinational food and beverage company that hires MIM graduates for roles such as supply chain analyst, finance analyst, and brand manager.

Procter & Gamble

Procter & Gamble is an American multinational consumer goods company that hires MIM graduates for roles such as brand manager, supply chain analyst, and finance analyst.

Unilever

Unilever is a British-Dutch multinational consumer goods company that hires MIM graduates for roles such as brand manager, marketing manager, and supply chain analyst.

Boston Consulting Group (BCG)

BCG is a global management consulting firm that hires MIM graduates for roles such as consultant, business analyst, and research analyst.

EY (Ernst & Young)

EY is a global professional services firm that hires MIM graduates for roles such as consultant, advisory analyst, and risk management analyst.

FT MBA Rankings

Conclusion

In conclusion, the Financial Times Masters in Management (MiM) and Masters of Business Administration (MBA) rankings provide valuable insights into the world's top business schools and their programs. The rankings take into account various factors, including alumni salaries, career progress, and diversity, to provide a comprehensive evaluation of each school's program. The latest FT MIM rankings highlight the dominance of European business schools in the MiM category, with HEC Paris, London Business School, and University of St. Gallen taking the top three spots.

In the MBA category, Harvard Business School, Stanford Graduate School of Business, and INSEAD MBA program take the top three spots. These rankings can serve as a useful tool for prospective students who are considering pursuing an MiM or MBA degree and can help them make informed decisions about which schools and programs to consider. Ultimately, the FT MIM rankings reflect the continued importance of business education in today's competitive job market and the value of pursuing advanced degrees in management and business.