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SOURCE MIM Compass
2013 Global Master in Management Survey Finds Program Gaining Significant Ground as Demand for Full-Time MBA Programs Continues to Slip
MUNICH, Sept. 11, 2013 /PRNewswire/ -- While demand for full-time MBA programs decreases, Masters in Management (MIM) for graduates without professional experience are gaining ground. Over three-quarters of business school representatives are seeing rising demand among students in Asia, followed by Europeans, North Americans, and Latin Americans. About two-thirds of MIM programs are offered in Europe, according to the 2013 Global Master in Management Survey conducted by MIM Compass (www.mim-compass.com/survey), but more and more business schools from the US and Asia offer this program type as well.
"A logical step considering the benefits that Masters in Management provide," says Thomas Graf, Founder of MIM Compass, an internet platform that collates information on Masters in Management worldwide. "86 percent of the Masters in Management graduates get a job within 3 months of graduating, primarily in consulting or financial service firms or by starting their own business. They earn between EUR 21,600 (USD 29,000) and EUR 62,500 (USD 83,500), and even more if their institutions required the GMAT or had an internationally recognized accreditation like AACSB, EQUIS, or AMBA."
Despite their general management approach, however, Masters in Management differ from MBA programs. They target recent graduates and increase the students' career entry options while the MBA is for professionals who want to advance their careers.
The 2013 Global Master in Management Survey consists of two parts. Part 1 offers an overview of 623 Masters in Management and Business worldwide. The data was collected from business school websites over a 3-year period and includes the geographical distribution of MIM programs, their teaching mode, languages, academic requirements, and lengths. Part 2 is an in-depth analysis of 45 MIM programs from 29 countries. The data stems from an online survey of business schools conducted from January to May 2013, and covering three dimensions: program characteristics, student characteristics, and career impact.
The survey is conducted yearly by the MIM Compass internet platform and can be downloaded free of charge at www.mim-compass.com/survey.
Read more news from MIM Compass.
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