UK vs USA: the Best Country for MIM
A generalist business curriculum is taught in MiMs, including topics such as management and marketing as well as everything else in between. They not only provide you the opportunity to network with companies, recruiters, and other leaders in the field, but they also provide you with internship and career chances. Before settling on a location to get your Master of Management degree, you need to give careful consideration to a number of factors.
Cost, career chances, and the overall quality of the program are other important considerations in the Financial Times Master in Management rating, which is published annually. European institutions continue to dominate the list.
Master in Management USA versus Europe: Cost
One of the most significant aspects to think about is the whole price tag attached to getting a MiM degree. The cost of tuition might differ dramatically from one institution to another, which can have an effect on the return on investment you get in the future.
In general, the price of MiMs in Europe is a great deal lower than the price of those supplied in the US. The Financial Times cites the Master of International Business program at Hult International Business Schools as the finest MiM program in the United States. This program costs around $50,000 and lasts for a period of one year.
On the other hand, the University of St. Gallen, HEC Paris, and University College Dublin Smurfit, which are currently recognized as the top three MiM in UK programs in the world, each charge around $23,000 in annual tuition and fees. Even if the duration of these programs is longer than one year, when viewed on a per-year basis, you receive greater value for your money.
It is important to keep in mind that not all the schools in Europe are reasonably priced. In general, the cost of MiM programs in the UK is higher than the cost in other European countries. The Master of Management program at London Business Schools (LBS) costs $48 thousand, whereas the Master of International Management program at Imperial College Business Schools costs $38 thousand.
MiM USA versus Europe: Program Quality
Students who enroll in a Master of Management program typically learn core subjects that are focused on the fundamentals of business, such as human resource management, marketing management, supply chain management, and project management. These subjects are typically taught in a manner that is consistent across all Master of Management programs, regardless of where the students choose to pursue their education.
When diversity is considered, the United Kingdom does very well. In the year 2021, overseas students made up 96% of LBS’s student body, while 84% of the staff came from outside the United States. Imperial College London has the most international student body of any university in the world, with a whopping 99% of its undergraduates and 97% of its postgraduates from other countries.
In contrast to the United States, where the Master of Business Administration (MBA) is by far the most common business degree earned, educational institutions in Europe place a much greater emphasis on Master of Management (MiM) programs. This is one of the reasons why Europe continues to dominate the rankings. There is a possibility that as much as 80 percent of MiM Studies are directed by business schools located in Europe.
Master in Management USA versus Europe: Jobs
If you get a master’s degree in management, you’ll open up new doors for yourself professionally, which may help you recoup some of the money you spent on the degree and provide a return on your investment.
Graduates of the MiM program often find jobs in a wide variety of fields, such as technology, finance, and consulting. Students who graduate from the Warwick Business School in the United Kingdom—which the Financial Times ranks as the greatest business school in the world in terms of career progression—go on to work for companies such as KPMG, EY, and Goldman Sachs.
Additionally, graduates of Warwick’s Master of International Management program have some of the biggest wage rises between their pre- and post-study levels. Their average incomes of roughly $69k indicate a 99% pay gain, with the only Slovenia’s University of Ljubljana doing better with graduates’ average salaries of $55k equivalent to a 100% rise.
