Unterschied MBA MBM

Hello sir I want to know about the key differences between MIM and MBA programs so please provide me information about these programs.

[Kiran Chandar]

Master in Management (MIM) and Master of Business Administration (MBA) programs has many similarities – because both are postgraduate management programs – but still has some differences in several aspects. Here are the key differences.

Key Differences between MIM and MBA

1. Age

MIM programs usually do not require professional experience

The average age for MIM is 23 years with a range from 20 to about 27 years compared to the average age of 27 to 32 in MBA programs.

2. Professional experience

Professional experience of Master in Management students does not play a major role during the studies, whereas MBA programs gain a lot of value from the professional experience

3. Tuition fees

As for the tuition fees, the Master in Management programs are cheaper than MBA programs. Whereas the most expensive fulltime MBA program in Europe

4. Curriculum and content

According to the Global MIM Survey 2012, Master in Management and MBA programs overlap by about 30 percent.

Both program types provide an overview of general management topics, foster team work, and use case studies to simulate real-world situations.

Masters in Management (MIM), however, focuses more on the theoretical side of the management field than the MBA.

5. Admissions criteria

GMAT: For MBA programs, business schools attach great importance to the Graduate Management Admission Test (GMAT)

For MIM programs, business schools seem to increasingly require the GMAT. According to the Global MIM Survey 2012, 40 percent of the MIM programs require the GMAT

6. Reputation

The MBA is the traditional degree for postgraduate studies in management. Therefore, the MBA is still more known among HR managers than the MIM.

7. Career Perspectives

The Master in Management (MIM) is a degree for graduates without or with only little professional experience.

Hence, Master in Management graduates start their first job after the MIM and apply for entry positions.

By contrast, the MBA is for people who are in business already for several years.

Hence, they will become experienced hires for companies and apply for more advanced jobs, for example leadership or management positions.