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We will highlight what Round 2 applicants should consider when evaluating their MBA profiles, including overall profile strength, target school selection, and how to build a realistic and well-balanced MBA shortlist.
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07 Jan 2010, 02:58
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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 | |
| 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 |
Top schools by location
- CEMS
- ESCP Europe
- London Business School
- London School of Economics and Political Science
- Bayes Business School
- Hec Paris
- Essec Business School
- Em Lyon
- Esade Business School
- Rotterdam School of Management
- Stockholm School of Economics
- Solvay Brussels School of Economics and Management
- Copenhagen Business School
- Helsinki School of Economics
- Norwegian School of Economics and Business Administration
- Michael Smurfit Graduate Business School
- Vienna University of Economics and Business
- Mannheim Business School
- Kozminski University
- Corvinus University of Budapest
- HEC Montreal
- Queen’s School of Business
- Antai College of Economics and Management
- National Chengchi University
International
UK
France
Spain
The Netherlands
Sweden
Belgium
Denmark
Finland
Norway
Ireland
Austria
Germany
Poland
Hungary
Canada
China
Taiwan
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
...........................................................
References
Wikipedia - https://en.wikipedia.org/wiki/Master_of_ ... Management
Financial Times - https://www.ft.com/cms/s/2/94251a9a-a70f ... abdc0.html
Financial Times Rankings - https://rankings.ft.com/businessschoolra ... management
About CEMS - https://www.cems.org/general/about/strat ... liance.php
07 Jan 2010, 10:41
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Kudos!
Fantastic job.
Fantastic job.
13 Jan 2010, 02:49
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Thanks for the amazing post!!!
What about MSc in Management programs in US? Can you plz suggest a couple of good ones for me. Cuz I'm considering doing MSc in Management, preferably in US. I heard that Duke has a new MMS program. Do you have any info on that one? Do you know of any other such programs in US?
Thanks
What about MSc in Management programs in US? Can you plz suggest a couple of good ones for me. Cuz I'm considering doing MSc in Management, preferably in US. I heard that Duke has a new MMS program. Do you have any info on that one? Do you know of any other such programs in US?
Thanks
13 Jan 2010, 08:15
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Hello,
Thanks for the magnificent post!
Could you tell me, if for people who finish their bachelor in business administration, would it be a waste of time a 2 year program? I am thinking that one year could just be two short, from someone coming not from those elite schools even if it has certain prior knowledge...
Thanks in advance!
Thanks for the magnificent post!
Could you tell me, if for people who finish their bachelor in business administration, would it be a waste of time a 2 year program? I am thinking that one year could just be two short, from someone coming not from those elite schools even if it has certain prior knowledge...
Thanks in advance!
I guess you are reading the MiM at LBS right now, right? I've got the interview for this programee this month! :D May I ask what was your background and GMAT score? 
