Masters in Management in UK

Why Study MIM in UK

Minimal work experience

One of the most important advantages of a Master’s in Management is that it allows you to expand your business expertise immediately after graduating from a Bachelor’s programme. Other business degrees usually require at least 3-5 years of job experience. Many MIM programmes have no job experience requirements or only need one year of previous work experience. One of the main motivations for getting a master’s degree in Management is to get a head start in your corporate career.

Cost of MIM in the UK

One of the most compelling reasons to choose MIM is the programme’s cost. MiM programmes in the UK are less expensive than MBA programmes.

The MBA at London Business School costs around £75,100 for 18, 21, or 24 months. When compared to the MIM, which costs £29,900 for a year. To be honest, that’s a considerable difference. IE Business School in Spain also has similar costs.
A quality MBA programme like the Cranfield MBA, for example, costs £39,000. On the other hand, the MSc Management was priced at £26,000 for overseas students.

International recognition

MIM degrees were once popular only in Europe, but they are now widespread in Asia, Australia, and Canada as well. Most MIM degrees offered in English may contribute to this newfound fondness for reality. Following that, the number of people applying for MIM degrees has skyrocketed in recent years.

Specialization courses

The Masters in Management programme at many business institutions has such innovative features that make it even more appealing and accessible. ESCP Europe Business School, for example, has six campuses around Europe. The college is notable for allowing students to select their favourite speciality on the campus of their choice. This institution also provides a variety of language specialities.

Value of MiM in the UK

Although the MIM is a broad management degree, numerous business schools offer double degrees or electives that allow students to specialize in specific disciplines. This may improve students’ employability. Furthermore, some degrees require you to study a second language, which may be a programme requirement upon completion.

Eligibility Criteria for MIM in the UK

Most universities in the UK have identical admissions requirements for Master of Management programmes. Masters in Management programmes in the United Kingdom are open to students from any subject.

Here is the eligibility for the MiM program in the UK:

• An undergraduate degree equivalent to the UK first or upper second class honours (2:1) degree is needed for applicants.
• A 60-70 per cent equivalent undergraduate degree is acceptable.
• For overseas students, ELP is a significant aspect of the admissions process. Applicants must submit their English proficiency test scores along with their admission application.

• IELTS: 6.5 to 7.0
• TOEFL: 93-100

• The results of standardised tests to study in the UK are another vital aspect of the application for Masters in Management admission. GMAT/GRE scores, for example.

Documents checklist For MIM in UK
A series of documentation is required for admission to MIM in the United Kingdom. The following are some of the most typical document requirements:

• Transcripts of all academic achievements
• LOR (Letter of Recommendation)  
• Curriculum Vitae or Resume
• IELTS/TOEFL Scorecards SOP or Statement of Purpose Scorecards for GMAT/GRE (Recommended but not compulsory)
• A brief explanation of why did you choose to study MIM in the United Kingdom. Include your precise area of interest as well as any previous accomplishments.

Exams Required for MIM in UK

GMAT – For applying to a MIM programme at one of France’s top business schools, a safe GMAT score should be above 650. 

GRE – Let us briefly brush up on our knowledge of the GRE first. Graduate Record Examination is abbreviated as GRE. ETS, a firm based in the United States, owns the trademark. The GRE is taken by students from all over the world to meet the admission requirements for graduate schools all across the globe. The accepted score for GRE in the top universities in the UK is above 300. Even Many MBA schools in USA and other countries also require the same score.

Universities in the UK will want to see proof that you are proficient in English to succeed in their courses. These official English tests are accepted by almost all Spanish universities:

TOEFL – TOEFL is an acronym for the “Test of English as a Foreign Language”, which is a popular language competence test taken by students who want to study abroad. The exam focuses on assessing applicants’ ability to speak classroom-based English and is hence accepted in over 130 countries, including the United Kingdom.

A TOEFL score of 90 is considered average. It could range from 85 to 95. A TOEFL score of over 100 is regarded as good. When taking the TOEFL test, candidates should keep in mind that there are no good or bad marks.

C1 Advanced
One of the Cambridge English Qualifications is C1 Advanced, formerly known as Cambridge English: Advanced (CAE). It is a comprehensive, high-level qualification that demonstrates you possess the language abilities that businesses and universities need.

Level C1 refers to proficient language users, i.e. those capable of performing difficult job and study duties.

PTE Advanced
Reading, Speaking, Writing, and Listening are the four modules of the PTE-Academic Exam. While the Speaking and Writing modules are merged into a single session, the Listening and Reading modules are split into two sections.

IELTS – IELTS, the world’s most popular English language test, is not actually challenging in itself. Instead, it evaluates your listening, reading, writing, and speaking abilities in less than 3 hours.

It is a set of tests meant to assist you in working, studying, or migrating to a country where English is the native (primary) language. This covers Australia, Canada, New Zealand, the United Kingdom, and the United States. 

Cost of Studying for MIM in UK

Cost of studying Master’s in Management

The cost of a Master’s in Management in the United Kingdom ranges from 20,000 to 36,600 GBP. The cost of studying MIM at top UK universities for Indian students ranges from 20.4 to 34.7 lakh INR to study in the UK. MIM study in the UK is becoming more popular as an alternative to an MBA degree.

Cost of living in the UK

This varies according to the place of study in the UK. The most expensive is London and other big cities.The institute provides detailed information about the cost of living, travel, accommodation, and places to shop locally as a pre-arrival guide for international students.

It is often also available on your institution’s website. The average annual cost of living in England (outside of London) for students is UK£12,056 (US$19,490).

If you wish to study in London, you should expect to pay £13,521 ($20,200) for the exact breakdown of goods and services. Rent is the most significant factor which makes a difference in the cost of living in London compared to the rest of England; the estimated rent is around £6,340 ($9,480) per year.

Scholarships in the UK

Scholarship funding is highly competitive as UK universities look to attract the most talented international students. Sources of scholarship in the UK are Government bodies, external organizations, and individual UK universities.

Here are a few options:

• Chevening Scholarships
• Commonwealth Masters Scholarships
• Gates Cambridge Scholarships
• University of Westminster International Scholarships
• Developing Solutions Scholarships at the University of Nottingham

Jobs After MIM in UK

After completing MIM in the United Kingdom, the professional prospects are many and rewarding. A management degree from the United Kingdom opens up several work options with dream organisations in vital industries such as retail, marketing, finance, consulting, and many more.

Graduates with a Master’s in Management in the UK have a wide range of work opportunities in a variety of industries. Graduates of UK universities can look for international student jobs in the UK or other countries. The majority of graduates, according to reports, go on to work in sectors such as,

Human Resources Manager
A human resources manager, on the other hand, is the go-to person for all employee-related matters. Job design, employee relationships, recruitment, performance management, training & development, and talent management are all tasks they oversee.

Social Media Manager
In order to expand the company’s online presence, a Social Media Manager is responsible for devising a plan, producing good content, evaluating usage data, facilitating customer support, managing projects and campaigns, and so on. They play an important role in expanding the organization’s virtual reach.

Marketing Manager
A marketing manager is actually responsible for promoting a product, company, or service. They are in charge of a variety of operations such as product launches, advertising, email campaigns, events, and social media marketing.

Management Consultant
Management consultants’ responsibilities include assisting firms in problem-solving, enhancing corporate performance, creating value, and optimising growth. They basically find solutions to company challenges and recommend improvements that should be adopted. 

Sales Manager
A sales manager is in charge of hiring and training salespeople. They create sales targets, assess them, and develop training programmes for the firm’s sales representatives.

Project Manager
A project manager is in charge of the project’s planning, procurement, and implementation. In order to make the project a success, they consider different elements such as the project’s successful completion, budget, scope, and so on.

Business Development Manager
A business development manager is basically responsible for generating new sales leads, negotiating pricing with clients, and estimating sales income. They contribute significantly to the organization’s profit maximization.

Development Manager
In large enterprises, a development manager performs a critical function. First, they serve as a point of contact for customers, top management, and customers. Also, they serve as project managers, delegating tasks to ensure that projects are finished effectively.

Public Relation Manager
A public relations manager uses media releases, interviews, and other methods to communicate their organization’s point of view to the general public. They also keep an eye on social, political, and economic trends that may have an impact on the company and make recommendations on how to improve the company’s image.

MIM in UK Without GMAT

As a management curriculum, MIM, or Master in Management, has grown popular. MIM courses attract students from all around the world every year. To be admitted, students must overcome numerous obstacles and compete. One of the significant challenges is to achieve a high GMAT or GRE score. Students can fail to achieve the required GMAT/GRE score and are unable to enrol in the business schools of their choice. However, many colleges will accept you without taking the GMAT or GRE.

Let’s look at the best MIM schools in the UK that don’t require GMAT or GRE results:

• Cranfield University
• University of Manchester
• University of Strathclyde
• University of Warwick
• Durham University
• Nottingham Trent University
• University of Leeds
• Lancaster University

Cheapest MIM in UK for Indian Students

The cost of studying Master’s in Management at top UK universities for Indian students ranges from 28.35 to 37.4 lakh INR to study in the UK.

The following are the tuition fees for the Indian students who wish to pursue a master’s degree in management in the UK:

MIM in UK: Universities at a Glance

* Masters in Management at London Business School has an employment rate of 96% within three months of graduation place at continents like the USA, UK, Europe, Middle East and Asia with an organization like KPMG, Accenture, McKinsey, and Company.

* MSc in Management at Imperial College Business School has an employment rate of 92% within three months of graduation with nationalities representing 44 countries and 53% of female students.

* MSc in Management at City University: Cass offers 2nd best salary in the UK after graduation with students from over 32 different countries by maintaining the best gender balance.

* MSc in Business and Management at University of Strathclyde Business School offers Entry into a management program within national and multi-national organizations. Recent graduates have joined organizations such as Accenture, KPMG, Morgan Stanley, Deloitte, Facebook, Google, Eon, PricewaterhouseCoopers

Hence you can see that the schools offer abundant post-graduation opportunities, in all fields, from consulting to Marketing.

MIM in UK: Know Your Visa

For international students, this is an extremely important topic.

If you are coming to the end of your MSc Management studies in UK, you might be considering the possibility of staying on in the UK to work.

The UK post-study work (PSW) visa permits students to stay back in the UK for two years and seek employment opportunities after finishing their studies.

Also, w.e.f. September 2020, international students on a Tier 4 visa will have access to the upgraded graduate path. The visa Tier 4 visa would be extended to all international students who have a valid UK immigration status as a student and have completed their undergraduate or higher education studies at an accredited UK Higher Education Provider in any subject matter.

The visa would enable all eligible international applicants to either work or seek employment opportunities in their field of interest for 2 years after successfully pursuing their studies.

This helps the UK to draw in and harbor global talents and intellects and enables it to open doors to budding career opportunities in fields of science, technology, innovation, and other leading domains to nurture the global talent and potential of international students.

Students would be able to progress on to the professional work visa after the two years if they find a suitable job that fits the route’s skill criteria.

Expats planning to study in the UK in the academic year 2020/2021 (or later) will be eligible to apply for this new visa scheme.

Tier 2 general work visa
You can apply for a Tier 2(General Visa) if you have been offered a skillful job in the UK or you are from outside the European Economic Area and Switzerland. You need to be employed by a license sponsor to apply to live in the UK. Your sponsor checks that you can do job that they are hiring for and if it qualifies you for a visa. They will provide a certificate of sponsorship to prove this. They must also give you any other information when you apply for example how much you will be paid. The earliest you can apply for a visa is 3 months before you’re due to start work in the UK. The date you can start is listed on your certificate of sponsorship.

You should get a decision on your visa within 3 weeks when you apply from outside the UK.

Tier 5 internship visa option
You can apply for a Tier 5 (Youth Mobility Scheme) visa if you want to live and work in the UK for up to 2 years are aged 18 to 30 have £1,890 in savings. You are eligible if you belong to

• Australia
• Canada
• Japan
• Monaco
• New Zealand
• Hong Kong
• Republic of Korea
• Taiwan

countries and meet the other eligibility requirements. For example: You can apply from 16 March if you plan to travel on 15 September.

You should get a decision on your visa within 3 weeks when you apply from outside the UK. It costs £244 to apply. You will also have to pay a healthcare surcharge as part of your application. You’ll be given a visa to live and work in the UK for up to 24 months. You can enter the UK at any time while your visa is valid, and leave and come back at any time during your stay. If you turn 31 while you’re in the UK, you can stay for as long as your visa is valid.