Major Difference Between MBA vs MIM


The Master of Business Administration (MBA) is a master’s degree program with a specialization in leadership, human resource management, accounting, and business economics. Whereas, the Masters in Management (MIM) is a Master’s degree program that takes one to two years to complete and includes graduate-level business management material. The MIM program offers in-depth knowledge of a variety of management streams, including finance, marketing, consulting, and entrepreneurship.


Overview of MIM vs MBA

Let’s answer the most basic questions about MIM and MBA.


What is MIM?

MIM full form is Masters in Management. MIM is a master’s degree program that takes an average duration to complete of 10-13 months. The course includes a graduate level in Business management.


What is an MBA?

MBA full form is Masters in Business Administration. MBA is a master’s degree program that takes a duration of 2 years or more than 2 years. The course included post-graduate and middle-level management studies like financing, investment management, administration, etc.


Difference Between MBA vs MIM

MIM differentiates from MBA primarily because it is European-based and lasts for a shorter period of time (10–13 months), as compared to the MBA. Additionally, MIM is comparable to an MBA in terms of content and structure by 30% to 50%, but it places more of a focus on theory than an MBA internationally, which gives students access to more practical training.

Let’s examine the difference between MBA and MIM to better understand this.

Basis of differences MBA  MIM
Duration 1 – 2 years for full-time Average duration is 10- 13 months
Tuition Fee 37,880 USD – 1,05,873 USD 19,271 USD –  54,201 USD
Work Experience At least 2 – 3 years No or minimum required
Suitable for Experienced professionals Early graduate
Average Salary 1,64,000 USD – 2,01,500 USD 68,000 USD – 1,06,000 USD
Career scope Mid-level positions Entry level positions
Curriculum focuses Practical  Theoretical
Applicant Goal Career development Starting their career


Top MBA Universities in 2023

Colleges QS world ranking Location
Stanford Graduate School of Business 1 United States
Harvard Business School 2 United States
Penn 3 United States
HEC Paris 4 France
London Business School 5 United Kingdom
MIT (Sloan) 6 United States
IE Business School 7 Spain
Columbia Business School 8 United States
INSEAD 9 France
IESE Business School 10 Spain


Top MIM Universities in 2023

Colleges QS world ranking Location
HEC Paris 1 France
ESSEC Business School 2 France
London Business School 3 United Kingdom
IE Business School 4 Spain
INSEAD 5 France
Esade Business School 6 Spain
ESADE/UVA Mclntire/Lingnan 7 United States
ESCP Europe 8 France
Copenhagen Business School 9 Denmark
WU Vienna 10 Austria


MBA vs MIM Eligibility Criteria

Candidates must satisfy requirements that are almost identical for both courses in order to be accepted. The basic entry requirements for MBA and MIM are the same because both programs fall within the management domain.


Eligibility for MBA Program

  • 10+2 years of formal education from a accredited institution.
  • A bachelor’s degree with a minimum GPA from an accredited university.
  • An excellent grade on English language proficiency exams like the PTE, TOEFL, or IELTS.
  • A GMAT or GRE score that meets the university’s requirements.
  • Statement of Purpose (SOP) and at least 2 letters of recommendation (LORs).
  • 3 to 5 years of work experience.


Eligibility for MIM Program

  • 10+2 years of formal education from an accredited institution.
  • A bachelor’s degree with a minimum GPA from an accredited university.
  • An excellent grade on English language proficiency exams like the PTE, TOEFL, or IELTS.
  • A GMAT or GRE score that meets the university’s requirements.
  • Statement of Purpose (SOP) and letters of recommendation (LORs).


MBA vs MIM Course Structure

The MBA degree, which lasts 1 to 2 years and is the most popular course in any profession, is a prominent and well-liked management degree. Both courses have very different orientations. An MBA is more practical and learning-focused, with a focus on real-world examples from the corporate world and case studies. Through hands-on learning, candidates develop the capacity to evaluate and research various business issues analytically. MBA programs place a significant emphasis on teaching students how to use a variety of financial instruments so they can pursue careers in business.

However, Masters in Management (MIM) is a closely related program that puts a greater focus on the theoretical side of management applications and promotes critical thinking. MIM courses typically last 10 to 13 months. MIM is typically 30–50% similar to an MBA. MIM programs, which aim to develop one’s theoretical foundation before one launches a profession, are thought to have mostly originated in Europe.


MIM and MBA Curriculum

The syllabus for both MIM and MBA may be the same, but the curriculum has a different approach. The aspects of these two courses are different. Let’s discuss points.

The course duration between MIM and MBA is an average of 1.5 or 2 years. Sometimes some universities offer MBAs as the same as the MIM duration.
The MIM course offered studies in Business finance, Theories, Marketing, and Leadership. Also required to do research and conduct statistical analysis.
It is a good choice for those who want to do a lot of material research and theoretical analytics.
Coursework on qualitative and quantitative research methodologies will prepare you to conduct in-depth investigations into Business organization structures, management, and economic sectors.
This is one of the popular courses among international students. Which helps to develop the most advanced management and leadership skills.
The program included finance, management, marketing, and digital marketing. Which have high-level employer opportunities and high ROI
MBA also integrates concentration and elective coursework, culminating in a strategic management capstone.
Two-year MBA programs also require you to take up a summer internship in between your first and second year.


MBA vs MIM Fees

The tuition costs for an MBA are significantly higher due to the greater popularity given to MBA universities around the world. Even though there are a number of things to consider, including the location, the university, and the special course benefits, enrolling in this course is still costly. The MIM tuition costs are generally less expensive in comparison.

An MBA costs between 37,880 USD to 105,873 USD in tuition, whilst MIM costs between 19,271 to 54,201 USD.


MBA vs MIM Scholarship Opportunities

MIM degrees is typically less expensive than MBA degrees. Even so, it’s still a big investment. The good news is that students in both majors can apply for a good number of scholarships:

MBA Scholarship MIM Scholarship
B.K. Birla MBA Scholarship (London Business School) IVEY Business School Financial Need Awards
Kellogg Scholarship (Kellogg School of Management) HEC Foundation Excellence Scholarship
Tahir Fellowship (UC Berkely Haas School of Business) ESMT Berlin 700+ GMAT Scholarship
George J. Stigler Fellowship (Chicago Booth School of Business) Essec Academic Excellence Scholarship
Forte MBA Fellowship for Women INSEAD Financial Fellowship
Reaching Out LGBTQ MBA Fellowship London Business School Fellowship
Consortium for Graduate Study in Management Indian Academic Excellence Scholarship at Smurfit Business School
External MBA Scholarship ESMT Berlin Asia Scholarship
McKinsey Emerging Scholars program Kofi Annan Scholarship for Developing Country Students
Aga khan Foundation Scholarships Volkswagen – HEC women in leadership scholarship
Aga khan Foundation Scholarships
JN Tata Endowment for Higher Education Scholarship Program


MBA vs MIM Work Experience Requirement

According to the needs of the program’s objectives, candidates for an MBA degree must have a minimum of 3 to 5 years of professional experience in order to be admitted. However, the MIM degree, which is more focused on recent graduates, only needs 1-2 years of work experience or can even be pursued without them. In terms of work experience, professionals with more experience are more prepared to understand the advanced modules in the MBA than in the MIM, because the latter pursues a steady process of knowledge acquisition.


MBA vs MIM Job Prospects

At a junior management level, a Master in Management degree offers many of the same employment options as MBA programs. Graduates of the Master of Management program are hired by prestigious companies across various sectors, including consulting, finance, technology, and consumer goods. While MBA graduates often focus on general management, finance leadership, international management, marketing, etc. Let’s compare the MIM salary to the MBA salary.


Top 5 Job Roles for MBA Program

Job Profile Average Salary (in USD)
Project Manager 56,421
Management Consultant 74,521
Operations Manager 55,817
Business Development Manager 52,559
Finance Manager 60,316


Top 5 Job Roles for MIM Program

Job Profile Average Salary (in USD)
Marketing Manager 44,923
Business Operation Manager 55,103
Project Manager 59,337
Management Consultant 57,752
Business Development Manager 52,957


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Is MIM Better than MBA?

Although both programs cover a range of business topics and fundamental business ideas, the MBA is usually designed for students who have had some job experience. For those who have little to no work experience and are recently out of college, the MIM is more of a career boost.

Is MIM equivalent to MBA?

No, the MIM is not an MBA substitute. Although the two degrees’ curricula are substantially comparable, they have different eligibility requirements. While the MBA is the best degree for working professionals, MIM is appropriate for recent graduates.

Is it better to do an MBA after MIM?

It is advisable to pursue an MBA following a MIM. MBA graduates are more senior in terms of experience and managerial abilities, which helps them secure high-level management roles. Since an MBA is a mid-career degree and a MIM is an early career degree, you can always pursue an MBA after a MIM.

What is the difference between MBA and MIM?

Despite the fact that the MBA and MIM course curricula are essentially identical. The requirements for both programs’ eligibility vary. Three years of work experience are required for an MBA. MIM is for recent graduates.

What is work experience required for MIM?

A MIM is not essential to have any or very little work experience, ideally 1-2 years.

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