Masters in Management: Costs of a degree from a top program
Updated: Jul 2, 2019
The Masters in Management programs, or MIM as they are popularly called, have gained immense popularity in the last few years. They provide an excellent opportunity for young, ambitious applicants who have lesser experience and don’t want to wait for 4-5 years of work experience to pursue a top MBA course. Check out the major differences between an MBA and MIM degree, and on how to choose which of these is a better fit for you?
Today, a lot of students wish to pursue a MIM program because it gives them the opportunity to study and find work in the country of their choice. In our previous blogs, we have touched upon the various benefits of a Masters in Management degree - one of which is the incredible cost saving these programs offer young graduates in comparison with a traditional MBA degree.
In countries such as Germany, Switzerland and Austria, Masters programs are heavily subsidized by the government, which leads to really low tuition fees.
One of the most important considerations before deciding on which university to pursue a MIM degree from is the cost of attendance. Though, there is little uniformity across the top universities for MIM programs when it comes to tuition fees.
In countries such as Germany, Switzerland and Austria, Masters programs are heavily subsidized by the government, which leads to really low tuition fees. Though, in France, some of the top universities are private, and this reflects in their fees as well. The top French Masters programs are among the most expensive ones in Europe.
The graph below gives you a quick idea about the cost of a Masters in Management program from the world’s top 10 business schools:
As evident, studying at some of the top programs is quite cost-efficient, and a lower tuition fees also makes way for an excellent Return on Investment for students.
Schools in Germany and Austria also provide excellent education for really low tuition fees. In fact, at the University of Mannheim, 14th on FT Rankings, you can finish your Masters degree for as little as 1,000 Euros in tuition fees!
So, which schools are on your list for the applications this year? Tell us in the comments below.
In case you are wondering if you should apply to the best MIM programs then get in touch with us at firstname.lastname@example.org
Piyush Ranjan is the chief consultant for Management Masters. He did his undergrad from IIT-BHU, and then studied at the SIM program of the University of St. Gallen. He has helped multiple students get admission calls from HEC Paris, ESSEC Business School, and other top Business schools worldwide.