One of the major confusions that students are currently facing is deciding whether to pursue MIM (Master’s in Management) or MBA (Master’s in Business Administration). If you are planning to move to the United Kingdom, then it is best for you to understand where both the programs stand in the country. In this blog, you will find out which program is better for students going to the United Kingdom for their education. No matter which city in the United Kingdom you choose, you can easily find student housing near the university of your choice. So, let’s begin.
What is the difference between MIM and MBA?
If you are a student who is keen on making a successful career in the business world, then both MIM and MBA are excellent choices. Many students often think that both these programs are the same, but they are not.
MBA (Master in Business Administration) is without a doubt an excellent academic course, opted by thousands of students every year. This program is not just famous in the United Kingdom, but many other countries as well. Usually, to pursue MBA in the United Kingdom, students need prior work experience of at least 1-2 years. However, the requirement may differ from university to university. Some of the best universities in the world for MBA are in the United Kingdom. There is no doubt that MBA is very much in demand and has a high fee in universities.
MIM (Master in Management) is also a program that provides students with an advanced level of training in business management. One of the good things about MIM is that it is not mandatory for students to have prior experience, and has a reasonable fee for it, unlike MBA. This field of study prepares students to experience and excel in the corporate world of business. Moreover, this program has a shorter duration as compared to an MBA. Many universities in the United Kingdom provide students with MIM program, that prepares them for entering the corporate and business world.
The table given below gives a clear picture of MBA V/s MIM in the UK:
| DIFFERENCE | MBA | MIM |
| Duration | 1-2 Years | 1 Year |
| Fees on an Average | £31,450 – £87,900 | £16,000 – £45,000 |
| English Proficiency Test Scores | IELTS: 6.5+ TOEFL: 90+ | IELTS: 6.5+ TOEFL: 93-100 |
| Eligibility | Standard Requirements + Two years of work experience (Minimum) | Standard Requirements |
| Nature of the Course | Practical Learning | Theoretical |
| Career Opportunities | Senior Level Positions | Entry Level Positions |
Career Prospects: MIM V/s MBA
Both MIM and MBA are competitive programs that enhance a student’s knowledge and prepare them for the business world. However, since students pursuing MBA have had work experience, they have better chances at senior-level roles. On the other hand, the MIM program does not require any work experience, hence students have more chances at entry-level positions. Let’s find out!
MIM Career Prospects:
After completing your MIM Program from a university in the United Kingdom, you can apply for following job positions:
- Project Manager
- Business Analyst
- Business Development Manager
- Social Media Manager
- Digital Media Manager
- Financial Services Analyst
- Investment Banking Analyst
MBA Career Prospects:
After completing your MBA program from your choice of university in the United Kingdom, you can apply for the following positions:
- Investment Banker
- Finance Manager
- Finance Analyst
- Management Consultants
- Operations Manager
- Field Marketing Manager
- Human Resources Manager
- Client Success Specialist
| Top Recruiters MIM in the UK | Top Recruiter MBA in the UK |
| McKinsey | EY |
| Loreal | Microsoft |
| KPMG | McKinsey |
| Boston Consulting Group (BCG) | International Business Machines (IBM) |
| BNP Paribas | Hamleys |
| Accenture |
Top Universities for MIM & MBA in the UK
Some of the top universities for pursuing MBA in the United Kingdom are:
- University of East London
- University of Manchester
- University of Greenwich
- Coventry University
- University of Hertfordshire
Some of the top universities for pursuing MIM in the United Kingdom are:
- University of Birmingham
- Durham University
- University of Warwick
- London Business School
- Imperial College London
Conclusion
United Kingdom has become one of the leading countries for courses in business, such as MIM and MBA. If you are moving to London for your B-school, then make sure you book your student accommodation in London before it is all sold out! Kickstart your business world journey with one of the best universities in the United Kingdom.
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