FT’s MiM ranking shows degree growing fast

MiM or a Masters in Management degree is a version of an MBA for younger students. Mostly created for students who have recently completed an undergraduate degree, it aims at helping them to develop the skills that businesses want to see in their future leaders, regardless of work experience.

or some time business schools dreaded that the degree would ruin the market for MBAs, but the Financial Times’ latest MiM ranking and survey on the degree paints a different story.

According to the paper many MiM students even continue their studies with an MBA. The “MiM trend” has initially originated in the European market where it is stagnating currently, but there is growing demand in Asia-Pacific, South America, Africa and even the US. Renowned business schools like Fuqua, Kellogg, Michigan Ross, MIT Sloan and Notre Dame – are amongst the approximately 50 US business schools that offer MiMs.

London Business School together with Kellogg and Duke in the US and IE in Spain have even set up the International Masters in Management Association, to help promote the degree as it is still not widely accepted by US recruiters and employers. The MiM degree aims to develop increasingly sophisticated students that can handle the world markets and can function in different countries. Languages have therefore proven critical for the degree, as many recruiters nowadays look for graduates who speak at least three different languages.

For this reason some business schools offer double-degree programmes: Fudan University in China and London Business School have an arrangement where students spend one year in London and one year in Shanghai and MIT Sloan has a similar setup with several partner schools, such as ESCP Europe.

FT’s MiM Ranking 2014

1 University of St Gallen, Switzerland

2 HEC Paris, France

3 Essec Business School, France

4 WHU Beisheim, Germany

5 Cems, The Global Alliance in Management Education or CEMS (formerly the Community of European Management Schools and International Companies) is a cooperation of the world's leading business schools and universities

6 Esade Business School, Spain

7 ESCP Europe, France, UK, Germany, Spain, Italy

8 Rotterdam School of Management, Erasmus University, Netherlands

9 IE Business School, Spain

10 London Business School, UK

11 HHL Leipzig Graduate School of Management, Germany

12 Università Bocconi, Italy

13 Indian Institute of Management, Calcutta, India

14 EBS Business School, Germany

15 Grenoble Graduate School of Business, France

http://www.ft.com/intl/cms/s/2/11b69fe4-0852-11e4-9afc-00144feab7de.html#axzz3DR5nehbF

Barbara Barkhausen