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All you need to know about the MSc in Management

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All you need to know about the MSc in Management [#permalink]

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New post 07 Jan 2010, 01:58
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The objective of this post is to gather all the relevant information regarding the program. Collaboration from the community is encouraged and welcome. In construction

    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?
...........................................................

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
MiMMBA
Designed for Recent Graduates with no work experienceDesigned 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 EuropeOriginated 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

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
  • 98% of students found a job prior to graduation and the average salary was 58000$.
  • Sectors: Consulting (37%), Finance (23%), High Technology (8%), Consumer Goods and Food (7%), Industry and utilities (6%)…
  • Top recruiting companies: A.T Kearney, Deloitte, Barclays, Google, Goldman Sachs, l’Oreal, LVMH, Mc Kinsey & Company...
  • 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

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MSc in Management: All you need to know | Student Lifestyle | Class Profiles

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Re: All you need to know about the MSc in Management [#permalink]

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New post 09 Nov 2016, 07:48
Hello,
I am interested in MS in supply chain Management having 14months of experience.Can you please suggest B schools programmes specialised in this domain(SCM).
Thanks in advance!!
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Re: All you need to know about the MSc in Management [#permalink]

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New post 25 Nov 2016, 21:19
Hi,

I am a Bachelor in Engineering with Masters in Physics. Also I carry around 4-5 years experience in IT/Telecom.
I am looking to widen my prospects and looking out for good colleges in Europe for Management.

As I understand MiM program(1 year) only considers recent graduates with1-2 years experience.
So would I not be a fit for these program?

Then for 1 year MBA (with focus on science/technology) what are the options I have in Europe ?
Also is there an interesting course where I can use my existing skills and still make a transition?


Thanks,
Neeti
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Re: All you need to know about the MSc in Management [#permalink]

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New post 12 Jan 2017, 01:58
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We have recently conducted a quick research on Master in Management programs and created this page with info on the MiM degree and top MiM programs:
https://aringo.com/masters-in-management/
Hope you find this helpful!
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Try our free Admissions Chances Calculator - https://aringo.com/mba-admission-chances-calculator/

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Re: All you need to know about the MSc in Management [#permalink]

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New post 22 May 2017, 14:14
Thanks for the comparison, great write up!
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All you need to know about the MSc in Management [#permalink]

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New post 02 Jan 2018, 19:51
skozak wrote:
How does Stanford Sloan program fit in to this? They are after more work experience then an MBA.


Hi,

Can someone help with this please?
Both Stanford Sloan and LBS Sloan give MSc degree, but both require 10+ years of work experience, which is against the common description of the MiM programs.
What's the difference between these 2 and other MiM programs in terms of the type of the degree they give?

I ask because i have 10 years of WE, 4 of them in the mid-executive positions in retail banking. Seems that my background fit Stanford and LBS Sloan, but i'm confused with the degree they give :roll:

PS: don't take into account my GMAT score - i'm retaking it in a month, working hardly on the Verbal now :roll:

Thanks.
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Re: All you need to know about the MSc in Management [#permalink]

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New post 31 Jan 2018, 05:44
Hey Worship,

The Stanford Sloan and LBS Sloan MSc Management programs are pretty different from the conventional MiM programs.
The Major difference between these programs and the traditional MiM programs is that these programs are targeted at experienced individuals. The course length is also smaller, as most MiM programs are more than a year long.

It’s also different to the MBA in the sense that the degree is more theoretical, with more focus on theoretical aspects and group projects, but less on case studies and industrial visits and internships. The Stanford and LBS programs are also very customizable. Over 50% of the Stanford curriculum is chosen by you. This is mainly why this degree cannot come under the category of MBAs.

The major plus point of these programs is the student community. The student community consists of people from many different nationalities who have worked in different roles and industries, so through class discussions and group projects, you’ll gain insights into several functions.
The average work experience that an LBS Sloan MSc student has is 17 Years, so it would be very difficult for you to get admitted to this program.

You can take up our free profile evaluation test to check your chances of getting admission to these programs
Here is the link to the same: https://mim-essay.typeform.com/to/tSey1j#01
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Founder at http://www.MiM-Essay.com

MSc. in Management(MiM) Admission Consultants

Get consultation from graduates of HEC, ESCP, ESSEC, LBS & Duke

Feel free to message me, if you have any MiM/MSc. related questions or want a detailed Free profile evaluation

Re: All you need to know about the MSc in Management   [#permalink] 31 Jan 2018, 05:44

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