All you need to know about the MSc in Management

Contents

• What is the MSc in Management?
• MSc in Management versus MBA
• Top Schools by Location
• What is the CEMS program?
• What can I expect after the Msc in Management?

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What is the MSc in Management?
The MSc in Management is a Master in Science academic degree primarily taught in European countries, but increasingly being taught in other countries as well. The program is similar to an MBA, but requires no work experience. This means the MSc in Management is more focused in theory, while the MBA is more focused on practice. The popularity of this program is growing fast, because it is suited for any background and normally has a deep impact in the participant's career.
Not all MSc in Management are the same, there are universities where the program lasts 2 years and others where it lasts a single year. Normally, the 2-year program is for students with non-business backgrounds such as arts, science or technology; while the 1-year program is for students from business, finance or marketing areas. There are universities that offer the 2 programs such as the Erasmus University in Rotterdam, or the London School of Economics and Political Science; other universities only offer the 1-year program for graduates in business-related areas, for instance, ESADE from Barcelona. A few exceptions such as London Business School offer a 1-year program for non-business graduates. The program is mainly taught in English, with a few exceptions like the Manheim Business School master, which is taught in German.
The admission normally requires taking the GMAT, although some universities accept the GRE exam, and others have their own admission exams. As stated in the beginning, the program is open for students without relevant experience, which is the main feature of the master. The application process is similar to that of the MBA, schools usually require a GMAT score, a proof of English proficiency if needed, at least 2 references and a bunch of essays (sometimes a single letter of motivation). Thus, it is recommendable to plan the application with enough time.

Typical denominations: MSc in Management, MSc in International Business, MSc in International Management, MSc in Business and Economics, Master in Business Engineering.

MSc in Management versus Master in Business Administration
MiM	MBA
Designed for Recent Graduates with no work experience	Designed for Applicants with minimum 2-3 years of relevant work experience
Theory oriented*	Practice oriented
Suited for managerial roles in any industry, usually in lower positions than those of the MBA graduates, and PhD in programmes.	Suited for managerial roles in any industry and normally DBA program, although also PhD
Originated in Europe	Originated in the US

* This doesn't mean that the MSc in Management is only a preparation for a PhD in Management Science. The distinction with the MBA is obvious because none of the participants is supposed to have work experience. Nonetheless, a MSc in Management is perfectly suited for people who want to work immediately after graduation.

Top schools by location

International

• CEMS
• ESCP Europe

UK

• London Business School
• London School of Economics and Political Science
• Cass Business School

France

• Hec Paris
• Essec Business School
• Em Lyon

Spain

• Esade Business School

The Netherlands

• Rotterdam School of Management

Sweden

• Stockholm School of Economics

Belgium

• Solvay Brussels School of Economics and Management

Denmark

• Copenhagen Business School

Finland

• Helsinki School of Economics

Norway

• Norwegian School of Economics and Business Administration

Ireland

• Michael Smurfit Graduate Business School

Austria

• Vienna University of Economics and Business

Germany

• Mannheim Business School

Poland

• Kozminski University

Hungary

• Corvinus University of Budapest

Canada

• HEC Montreal
• Queen’s School of Business

China

• Antai College of Economics and Management

Taiwan

• National Chengchi University

What is the CEMS program?
"CEMS is a strategic alliance of leading business schools and multinational companies. Its first mission is to set a global standard of excellence for pre-experience Master’s in management."
In order to apply for the CEMS Master in Management you need to be enrolled in a school of the CEMS Network. In the first months, students take the courses of the program from their home university. Afterwards, students have to do a thesis project along with an Internship that must take place in a different country than that of the home institution. Finally, the last 3-4 months students make an international exchange to another school of the CEMS Network, where they will do a business project in a multicultural team. The CEMS program is opened only for students with business-related backgrounds. Note that the CEMS program is ranked the 1st in the FT rankings for Masters in Management.

What can I expect after the Msc in Management?
This master degree prepares you for a career in consulting, finance, economics, marketing, accounting or management in any industry. The salaries after a 3-year period vary from 32000 to 72000$.

Summary of the Placement Report from Stockholm School of Economics

• The main destination industries for 2009 were: Investment Banking (22%), Management Consulting (20%), Finance, Banking (14%), Consummer Products (12%), Other Consulting (5%), PR, Marketing, Advertising (5%), Media, Culture (4%) Accounting / Audit (3%).
• 42% of students found their job more than 6 months prior to graduation, 46% of students found their job between 6 months and graduation time. So 88% of the students had a job upon graduation.
• Jobs in IB vary from 60 to 80 hours a week, while consulting jobs vary from 55 to 65 hours a week. The industries with less hours per week are PR/Advertising, Media, Culture and Accounting with 40-45 hours a week.
• If you wish, take a look to the entire Stockholm School of Economics' Placement Report 2009

Summary of the Career Destinations from Manchester Business School

• Sectors: Consulting (17%), Financial Services (16%), Manufacturing (9%), Technology (7%), Consumer Products (7%).
• Job Functions: General Management (27%), Finance/Accounting (18%), Marketing/Sales (18%), Consulting (16%).
• If you wish, take a look to the entire Career Destinations 2008 Report from Manchester Business School

Employment Facts & Figures from HEC Paris

• 74% of students found a job prior to graduation and the average salary was 67000$.
• Sectors: Consulting (45%), Finance (18%), Real Estate (9%), Industry, Technology, Tourism, Luxury, Chemicals, Energy (4% each)
• Functions: Consulting (45%), Finance (14%), Management / Administration (14%), Marketing (9%), Audit (9%).
• If you wish, visit the entire Employment Facts and Figures from HEC Paris

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References
Wikipedia - http://en.wikipedia.org/wiki/Master_of_ ... Management
Financial Times - http://www.ft.com/cms/s/2/94251a9a-a70f ... abdc0.html
Financial Times Rankings - http://rankings.ft.com/businessschoolra ... management
About CEMS - http://www.cems.org/general/about/strat ... liance.php

Hey Guys,
Nice to know lot of helpful information regarding MiM. Thanks to all.

Does anybody know what is the reputation of EDHEC business school (France). How good it is ? what are the job prospects after graduating in MiM from EDHEC ? etc..

If any body have any information..it will be really appreciated..
Thanks.
-Raj

Gracias again Spaniard,
Honestly i'd like the prospect of comming over to Catalunya to see you and maybe you can take to to Camp Nou to watch Barca ?

I see that this programme at Uni of Barca is awesome but is it stricly in spannish or is there the same version for blokes like me that dont speak Espanyol?

Hey sabilonline

You can count with it. Actually, you should come and do it, so in the future you can tell your grandsons you watched the best player in the history of football in action

Regarding the master, my apologies! For some reason I see the website in English so I gave it for granted that the master was taught in English. I talked with my teacher of management, who works in the same department, and told me the admission to this master is very competitive, it seems there's a lot of demand. I was called to the interview, I'll let you know about it.

I forgot to tell you about this one: MSc Computing and Information Systems of Queen Mary, in London. I know from a doctor in telecommunications that Queen Mary is a good university. Not a business school though.

Hey Amigo,

Ive reseached on the last link u provided-Queen Mary London-and I must say its a good one. However, like u noted, it isnt a business school. In as much as I like the programme, Im looking for a multi-disciplinary course with some elements of management and entreprenuership.

I have a feeling that this programme at Barca Uni is what i need. How long is it and can u pls fill me in on whether it would be feasible to learn Spanish in a year in order to gain admission? Besides I still dream of watching El-Classico @ Nou camp !

Ciao.

When I was visiting Duke, I met a student who was interviewing for their MMS program.

It is aimed for UG major in liberal art, engineering or science without any work experience.

http://www.fuqua.duke.edu/programs/othe ... _business/

one of my cousin is planning to do MSc ...great info...will let him know

Thanks for the info! Definitely a great resource here.

Hi saruba,Thanks for the info.I contacted Aarhus school of business in denmark and they said since i studied engineering for my grad,i am not eligible for their masters programmes because the programmes have been designed for people who would have completed their Bsc in Management.Your post suggests that there are other b-schools who would invite applications from students with an engineering background and Information Technology experience.Do those schools take the GMAT score into consideration.In the beginning of this thread,you have mentioned a few schools and all of them are in europe.could you suggest any in denmark,singapore,Hong Kong.I am based in India.
Would be grateful to info from other studs as well.
Thanks a lot

Hi,

Can anyone tell me approximately which are the minimum required GMAT scores in reference to the Business Schools for a Msc Management application ?

Predominantly LBS, Cass, LSE and Imperial ... Am guessing a 700 in order to stay competitive ?

Best,

E

Although is hard to assume the GMAT is only a part of the application, many students in the best schools don't have a 700+.

Regarding your question I'd say 600 is the minimum you must have to be considered in top schools.

Thanks for the info it is really helpful.

Hei!
Thanks a lot for a great post. I am currently preparing documents for Mib at NHH and i've got a terrible mess in my head about CV in particular. Are there any CV/resume books for MSc so that I can see who they want me to be? And I can evaluate my chances too.
MBA candidates' resumes really make me feel miserable due to lack of working and any other experience.

Hi, I am an italian maths student at imperial college london.. i will probably graduate with first class, i have already a 760 GMAT and in two years time (after 1 year of work experience in my family's business) I would like to find a management/business administration program.

With my profile I hope I can compete at any level of admission to b schools so I was wondering which I should give my preference and I would like to hear your opinion on this.

I considered american MBAs but (a part from the fact that they are really expensive) I don't want to wait some years before applying. So I focused on masters in management. Please consider that i am looking for:
.a course to learn major management, economic, financial skills that I need
.a course to claim a good starting salary
here are some questions:

-As we know in the FT rankings IE, LBS, Duke are missing for some time.. how do you think those would rank?
-ESCP seems an option but I know people getting in that had not really a great academic career... I don't like the idea of going somewhere not really selective.. please take this into account
-To me hec paris and ie madrid seem the best, as I don't want to come back to london for lbs, nor going to america for duke (which is not harvard) attracts me. But hec's program is 2 years long so that at a first glance makes me prefer IE. Also hec has a 1 year masters managerial financial econ but i am not eligible. What can you say between the two? I have noticed that HEC's 1 year program has 45000 euros starting salary (and the 2 year program higher) whereas IE only 37000. This is quite a difference, how do you account for this?

I would like to hear your suggestions/opinions on my prfile/requests
thanks

Prospective applicants can avail authentic first hand info on various Top MiM Programs on:

mymimapp [dot] com

You can also recieve help on Essays and Resume.

hey guys,

im a last yr admit to LSE's MSc Management program which I have deferred this year. i have been over and under to search for any related program in the world, mainly looking at 1 year pre-experience masters degrees in business, and trying to grab a hold of one in the US, where its just beginning to catch up (Yale silver scholar, Harvard 2+2, Duke MMS)

here's my take on some schools>

most 1 year degrees are basically a quick career boost. like LBS, Duke MMS they are mostly a quick overview of business topics, no thesis and many career fairs. you get the brand, the connections -> now you start higher, but you need to get the job

LSE - which offers many masters, has 1 yr IMEX and MSc Management and Strategy which are prolly the strongest. However, according to students and the department, the 2 yr program is the focus, to which the most resources are allocated to. In addition, you have CEMS, research options and specialization during the 2 yrs or later PhD.
In the US (dominant in terms of business schools, LSE and LBS - in certain circles - make the cut from Europe, others not so known)

600+ GMAT
good SOPs and LORs are certainly key.

any takes on 1 yr Duke, LBS vs 2yr LSE MiM? pro/cons
would an MBA be stupid after a 2 yr MSc Management degree down the line?

also
mymimapp dot com is a good resource to check out

thanks for the useful post Saruba
from what i read i gather that the course is designed for people with no work ex
however i would like to know how good the course would be for some1 with say 2-3 years of work ex
or would it be wiser to opt for MBA

How does Stanford Sloan program fit in to this? They are after more work experience then an MBA.

Why don't you have a look at the platform Master in Management Compass (MIM-Compass)? They provide a full website focussed on Masters in Management, includign more than 400 general management programs (NOT MBA), rankings, background articles etc.

Thank you saruba, this post was of a great help..

I agree with your post. Good Job.