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INSEAD Announces New Masters in Management Program

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INSEAD Announces New Masters in Management Program  [#permalink]

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New post 29 May 2019, 22:51

INSEAD launches its first MiM program


  • Suitable for fresh graduates.
  • Intense one year format
  • Considerably cheaper than the full time MBA. MiM fees will be 47,500 euros for the class starting in 2020; MBA fees currently stand at 85,500 euros.

For more details, view the below blog post of Fortuna Admissions...

FortunaAdmissionsBlog wrote:
INSEAD today announces the launch of it’s new Master in Management programme (MiM). Like the INSEAD MBA, it follows an intense one year format, but unlike the MBA, it targets candidates coming out of undergraduate programs, before they enter the job market. This rounds out INSEAD’s portfolio of programs, which to date has only addressed candidates with demonstrated professional accomplishments, whether it be young professionals 3 to 8 years into their career considering the full-time MBA, or executives 10 years or more into their careers looking at the EMBA and a range of executive courses to accompany their senior leadership roles.

Pre-experience masters programs have been a rising trend at business schools, and among top European schools INSEAD is quite late to the game. With students eager to gain a business education at the beginning of their career, there has been a rapid increase in demand for masters programs. As my colleague Matt Symonds noted in his Forbes article on the Rise and Rise of the Masters in Management, European business schools responded to this demand and quickly grew to dominate the MiM market. For example the CEMS programme, offered by a consortium of institutions including HEC, ESADE, LSE and Bocconi, mints over 1,000 new graduates each year. Such programs are still quite limited in the US, however it is a growing market: Duke, Ross and Kellogg now all offer MiM programs, and 2+2 programs at top business schools such as HBS, Stanford GSB, Wharton and MIT Sloan, amongst others, are another mechanism for attracting the “young and bright” candidate pool.

INSEAD initially assessed the MiM market when I was Director of Admissions at the school; at that time, we decided not to pursue this opportunity as price points were very low versus full time MBA programs, and the market was still nascent. Now that the market has developed and there are increasing volumes of young people looking to prepare themselves effectively to enter the increasingly competitive global job market, the school is confident that they can attract a cohort of young people from around the world who are a good match for the quality of the wider INSEAD community. However it is notable that the MiM is considerably cheaper than the school’s MBA – MiM fees will be 47,500 euros for the class starting in 2020; MBA fees currently stand at 85,500 euros, for a programme of the same duration. The school is looking to avoid cannibalisation of the MBA by targeting MiM at candidates with no or very limited work experience (up to 2 years including internships), while the MBA remains firmly focused on attracting candidates with a very minimum of 2 years full time work experience (post undergrad), and ideally 3-5 years.

The school is also no doubt mindful of the fact that this new program will give it a further boost in the FT ranking of European Business Schools, which is a composite ranking that includes the MiM ranking. Currently ranked 3, INSEAD could quickly leapfrog LBS and HEC Paris to claim the top spot. They will have to be patient however, as it will be 5 years before this data can be taken into account (the ranking includes an evaluation of salaries 3 years after graduation).

If you would like to discuss your suitability for a Masters in Management program, the Fortuna team of former Admissions Directors and senior admissions staff from INSEAD, LBS, IE and other top schools will be happy to help, and guide you through the application process. Explore our MiM services here, and you can sign up for a free consultation here.

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Re: INSEAD Announces New Masters in Management Program  [#permalink]

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New post 29 May 2019, 23:39
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Thanks for sharing Narenn. Some more perspectives on the launch of the INSEAD MiM:

Quote:
Why the INSEAD MiM has been launched
The MiM program in itself has mostly been a European phenomenon. European business schools first began offering it, and the Financial Times ranking of MiM programs duly lists multiple European schools such as LBS, HEC, St. Gallen, ESSEC, ESCP, and ESADE as top places offering the format. In a way, INSEAD has been a late entrant in this list. Its MBA program is regularly ranked first in Europe, but while other top schools such as LBS and HEC had launched their MiM programs long back, INSEAD has chosen to do so only in 2019. Why? Over time, INSEAD realized that while it had multiple options for more experienced professionals (such as the MBA, Executive MBA, and Executive Master’s programs, with the PhD at the end of the spectrum), it had nothing for early career graduates. Enter, the INSEAD MiM. With this launch, INSEAD, ‘the business school for the world’, has a more comprehensive suite of offerings at the Master’s level. That’s great, but what’s great about this new program?

What is new and different about the INSEAD MiM?
While most top schools do offer the MiM, the length and structure of the program can vary considerably between schools. For example, the HEC MiM is a 2-year program (and thus, officially longer in duration than the HEC MBA itself!), while the LBS MiM is a 10-month one. The newest kid on the block, the INSEAD MiM, is 10 months long too. So, is 10 months enough?

We think so. INSEAD has packed quite a lot into the structure of this little guy, with skill workshops, international field trips, and experiential learning practicals as well. Let’s get into it.

Great electives that help you build expertise in unique areas
The program comprises 5 periods, each lasting 8 weeks. The program will run from September each year to the July of the following year. There is a preliminary phase (called Period 0) that includes some online preparatory material on the basics, before students join the program on campus. In every period, the first 5 weeks will be dedicated to courses, followed by 2 weeks of experiential learning, and then exam week.
What’s different about the courses? Well, the MiM program is meant to be introductory, so the regulation courses on the fundamental functions of business (Marketing, Economics, Accounting, Finance, Operations, and Strategy) are all there. However, the differentiator here is in the focus on data, digital, and innovation in the curriculum. There are two mandatory courses on Data, and a wide range of electives (5 courses) that can be chosen from Innovation, Sustainability, and Digital and Data, apart from Marketing, Operations, Finance, and Strategy.

Emphasis on developing workplace-ready skills
The INSEAD MiM, at 10-months long, does not include an internship. For many applicants, that can be a put-off. With no internship, how does one apply what one learns, and gain practical exposure?
INSEAD tries to answer this question by introducing practical learning, and by providing strong career support. There are 3 different aspects to the practical learning aspect. The first involves workshops that aim to enhance personal elements such as presentation, problem-solving, communication, and project management (interestingly, there is one on coding as well!). This part will ensure that INSEAD MiM graduates are ready for the workplace. The second unique element here involves what INSEAD calls ‘Practicals’, and there is a clear focus on innovation and international business here, with different sessions on business model innovation, and Blue Ocean strategy (an INSEAD hallmark), among others. The third element is INSEAD’s focus on international exposure, with optional field trips to the Middle East, USA, and China, along with the option to spend the last 2 periods of the program at INSEAD’s Singapore campus (the first 3 have to be mandatorily in France).
So, in just 10 months, a student can get a solid platform in business fundamentals, build a spike in a chosen elective area, get international exposure, and hone corporate skills.

Strong career development and placement support
The INSEAD Career Development Center is going to be involved with INSEAD MiM students across the duration of the program. While this kind of support is not unheard of, it is not very common across MiM programs, with many career development offices choosing to be only intermittently involved, or coming in at a late stage closer to graduation. INSEAD has a solid alumni network (over 58,000 alumni across the world), and through their support, the program is certain to get a flying start.

INSEAD MiM admissions and fees
There’s something new on this front too. INSEAD has always followed a deadline-driven process for its MBA program, and though it has announced five deadlines for the INSEAD MiM, the process will be a rolling one, with a final decision 5 weeks after application submission. The application process will consist of the online application, video essays, and an optional alumni/admissions interview. Yes, you read that right. The admissions interview has been kept optional. Expect to be at your best in the application itself to make an impression on INSEAD.

INSEAD MiM deadlines
For the inaugural (September 2020) Intake, the deadlines are:
Round 1  – 09 Oct 2019
Round 2 – 11 Dec 2019
Round 3 – 12 Feb 2020
Round 4 – 15 Apr 2020
Round 5 – 03 Jun 2020

INSEAD MiM admissions requirements and expectations
While INSEAD will evaluate applicants on the regular parameters of GPAs, GRE/GMAT scores, and extra-curricular activities, there are some additional components involved too. International motivation, that has always been a key consideration for INSEAD in its MBA admissions too, is a factor for MiM admissions as well. While motivation does not necessarily equate to international experience (especially as may INSEAD MiM applicants will have no full-time professional experience), foreign internships, international summer school, and experiences in working with diverse nationalities will all be key assets here. Another factor that INSEAD mentions explicitly is ability to contribute. This directly translates into the knowledge, experiences, and potential that you bring, in an academic, professional, and personal sense. They want a class of smart people, and expect INSEAD to be highly selective.

INSEAD MiM program expenses and scholarships
The introductory program fee is €47,500, which is more than that of the LBS MiM and even that of the HEC MiM. The program provides for three kinds of scholarships – based on diversity (every applicant would be considered for this), financial need, and academic and professional excellence. Loans would be available from Brain Capital and Prodigy Financing.

The verdict – where is the INSEAD MiM headed?
By now, we have worked with applicants to all top MiM programs, with over 2000 admits. We know a bit about MiM programs, what makes them tick, and what makes them valued.
We believe that the INSEAD MiM is headed to the top of the MiM ranking in a few years time. That may not happen immediately – it takes some time for classes to graduate, and then report on evaluation parameters. It also takes some time for the word to go out, and for a name to be made. INSEAD has been there, and done that, churning out top MBA, EMBA, PhD, and Executive programs in the past. Add another winner to the vaunted list. Expect the newcomer to soon be a prince, and then the king.

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Re: INSEAD Announces New Masters in Management Program  [#permalink]

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New post 22 Sep 2019, 01:13
Does insead offer both ms and mba , one plus one format like the one in oxford???

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Re: INSEAD Announces New Masters in Management Program  [#permalink]

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New post 27 Mar 2020, 12:39
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Hey guys, I'm Sanjana Sanjay and right now I live in Bangalore, India.

I have recently been offered admission into the MIM programmes at ESSEC and INSEAD. I'm having a hard time deciding between the two and I was hoping you guys could help me out.

ESSEC's programme has been in existence for a long time and its employment report is excellent. Moreover, it gives me more opportunities to work and undertake internships.

INSEAD has started the MIM programme only this year and therefore there are no employment stats or alumni for me to rely on. However, it has outstanding brand value and is considered the place to go to for consulting.

INSEAD has a one year programme while the ESSEC programme is two years.

Given that I aspire to enter the consulting industry, I'm confused between these schools. Do you guys have any advice or recommendations (ignoring the financial aspect of the studies)?

I would highly welcome and appreciate any input :)
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Re: INSEAD Announces New Masters in Management Program   [#permalink] 27 Mar 2020, 12:39

INSEAD Announces New Masters in Management Program

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