Kerala is a state rich in cultural heritage. In addition to that, it is the place with the highest count of students dreaming of studying abroad in countries like the USA, Australia and more. These are also the places that offer a lot of business courses at the master’s level including an MBA and MIM. If you are wondering what these courses are and how they differ from each other then read on. In this article, the study abroad consultants Kerala are distinguishing the MBA and MIM courses.
Introduction to an MBA and MIM
MIM is short for a master’s in management. It is a PG degree in the business field. It further covers subjects like marketing, finance and more. This program also develops the skills for grasping management concepts and processes. They combine classroom teaching with case studies, projects, training, etc.
An MBA or master of business administration is a PG-level degree. It also assists students in transitioning to new firms or even starting their businesses. MBA degrees mainly focus on providing management training to students. It further provides deeper learning of business practices.
Classification of Differences Between MIM and MBA
As per Kerala experts, both the MIM and MBA have a distinct role because they cater to different stages of business development. The MIM is a course suitable for starting a business career. Meanwhile, an MBA is preferable if you want a base for changing the work field or giving your career a boost. Similarly, there are several other differences when studying abroad in any of these two degrees, which are the following:
Curriculum
The MBA courses provide chances where students can apply what they learn to real life projects. This is further useful in the job market. Meanwhile, MIM programs are more focused on theories and ideas. Thus helping you build a base for yourself.
Universities
If you want to study MBA then you can choose the following colleges:
- Stanford
- Harvard
- Cambridge
- London business school
- Columbia and more.
If you are seeking the best colleges for a MIM program, the following are some examples:
- Cornell
- Imperial college
- King’s College
- Kellogg
- Chicago
- HEC Paris and more.
Duration
MBA courses are generally two years long to provide enough time for networking. The MIM is a shorter program. They last only around a year or two. This way, they quickly make students eligible to enter the work sector.
Career
MIM degree aids students get into entry-level positions. These further include areas like marketing, consulting, finance and more. Meanwhile, MBA prepares students for leadership roles in different sectors.
Specialisation
If you select MIM for studying abroad, you only have a limited number of electives available. On the other hand, MBA offers a wide range of electives to scholars.
Networking
As per Kerala experts, in the case of MIM, students only get limited chances to meet professionals in the field. Meanwhile, in an MBA, there are diverse and greater networking chances available.
Tuition Cost
The MBA can be a bit heavy on your pocket, but you can get funds to help you. The cost of studying MIM is affordable and lower than an MBA program.
Financial Aid
As per the study abroad consultants Kerala, the number of funds and grants in the case of MIM are less than in the ones offered for an MBA program from abroad.
Eligibility
Both the MBA and MIM require students to have a UG degree. Other than that, they also need SOP, LOR and other documents to apply.
Now that you know how they differ from each other let’s see which should you choose.
Which to Choose: MBA or MIM?
If you are confused between an MBA and a MIM for studying abroad, then you need to consider the following elements to make the right choice:
- As per Kerala agents, choose a master’s degree that aligns with career goals.
- MIM programs require less or no work experience, whereas MBA courses need at least three to five years of work experience.
- Research well before selecting a program.
- Also, take into account the time you can invest in your course.
- MBA programs offer more chances for networking as compared to a MIM.
If your choice satisfies all these factors, then it is the right one for you.
Conclusion
To sum up, whether you choose an MBA or a MIM will depend on your budget, area of interest and other similar factors. However, both of these courses will surely give personal and career growth. If you are still stuck in the dilemma of MIM vs MBA, then you can consult the agents at Gradding.com. You can also make use of their course finder tool to help you select the program that is suitable for you. Moreover, you can also avail of a free flight ticket and cashback to study abroad.