Masters in Management in the UK

The Masters in Management in the UK is a one-year management course aimed at recent graduate students with no or minimal prior work experience in business. The program allows you to gain a theoretical understanding of management concepts through modules in finance, marketing, supply chain management, information technology, and more. MIM in UK is opted as an alternative to Master of Business Administration degree, requiring about half the time and money than a traditional MBA, contributing to its rise in popularity.

To be eligible for a Master’s in Management degree, you need an undergraduate degree with a minimum score of 60% in any recognised field, including Social Sciences and Arts. The MiM program promises a high return on investment, with the average salary ranging from £45,000 (over INR 46 L) to £65,000 (INR 67 L) per year. The highest packages can reach up to over INR 12 million per year. A Master’s in Management in the UK can open many career avenues for you.

Top Universities for Master in Management in the UK

The UK is home to several world-class business schools that offer a Master in Management. The details of some of the high-ranked universities are provided below.

Why Choose Masters in Management in the UK

• The business schools in the United Kingdom are known for their emphasis on innovation and practical learning, helping students develop the skills required to succeed in the competitive industry.
• The Master’s in Management degree is an alternative to MBA costing less time and money.
• MIM in UK can be pursued without taking the GMAT exam.
• Many of the top universities in the world are in the UK, including London Business School, Imperial College Business School, and Warwick Business School, among others.
• A degree in Management opens doors to lucrative career options, like Business Analyst, Investment Banking Analyst, Marketing Analyst, and more.

Eligibility Criteria for Master in Management in the UK

Students from any discipline can apply for a MiM in the UK, provided they have an undergrad degree with 60-70%. English language proficiency is an important factor in the eligibility criteria for MiM in the UK.

Scholarships for Master in Management in the UK

Even though a MiM degree in the UK is lighter on the pocket than an MBA, it cannot be called cheap. Some of us may need financial assistance to afford it. Provided below are some of the scholarships you can avail along with their award values, application deadlines, and eligibility.

MBA vs MiM

Whether to do an MBA or MiM depends on where you are in your career. The course structure, syllabus, and job opportunities of the two programs are quite similar. Let us look at the differences between the two.

Career Opportunities after Masters in Management in the UK

A Masters in Management in the UK presents the same job opportunities as an MBA, but at a junior level. It leads to placements in industries, including but not limited to tech, consulting, finance, and marketing. The top employers in the field are JPMorgan Chase, HSBC, McKinsey & Company, Boston Consulting Group, Bain & Company, Unilever, Procter & Gamble, and Amazon, among others.

Master in Management: UK vs USA

Master in Management is more expensive in the USA than in the UK, with tuition fees ranging from 27 L to 84 L and 16 L - 46 L, respectively. The USA, however, also provides higher return on investment, as the average salary there amounts to around 78 L. In the UK, the average salary after MiM is approximately 36 L. The quality of life tends to be better in the UK than USA, with lower healthcare costs and somewhat better weather conditions.

The Visa Application Process

To study MiM in the UK, you need a student visa. It costs £490 to apply for a student visa, and takes about 3 weeks to arrive if your application is successful. The documents you will need include:

• A current passport
• Confirmation of Acceptance for Studies (CAS)
• Proof of English proficiency
• Academic Technology Approval Scheme (ATAS) certificate
• Proof you have enough money to support yourself and pay for your course
• Written consent for your application from your financial sponsor if you’ve received sponsorship for your course fees and living costs in the last 12 months

What The Students Say: Likes and Dislikes

Likes

• The course syllabus is up to date in most colleges for MiM in the UK.
• Students are exposed to an alumni network that spans the globe.
• The teaching faculty is helpful, supportive and encouraging.
• The administration teams in the universities are approachable and responsive.
• Students appreciated the quality education and research opportunities.

Dislikes

• The cost of living in the UK is too high and accommodations very expensive for international students.
• The universities also charge high tuition fees.
• There was found to be a lack of diversity by some of the students.
• The opportunities are ample but the hectic schedule barely allows for participation in those.
• Students stated that the classrooms were overcrowded.

Success Stories: Sayantika, University of Birmingham

Sayantika enrolled in the MSc Management course at the University of Birmingham in August 2023. Her experience there was remarkable, with a proper support system in place to help students adjust to the new course and the country. She appreciated the cultural differences she got to experience. Moreover, she found the course curriculum engaging, relevant and updated. Students had the freedom to choose the courses they liked.

About the application process, Sayantika explained that the university sends students a checklist to mark their grades upon application. Sayantika herself had over 80% marks in 10th and 12th, and over 60% in graduation. Her IELTS score was 7, which fulfilled the English language proficiency requirement.

She advises students to carefully write their essays for application, stating in it your journey so far and the factors that recommended this course and college to you. The interview also gives you an opportunity to outline your preference for the course. Sayantika says that being honest and confident is the key to success in the interview. The placement opportunities at Birmingham University are dependent upon your visa and networking. There are job fairs inside and outside the campus to help students secure placements.

According to Sayantika, the starting salary after a Master's in Management is around 21 L.

Overall, the Master in Management is a great alternative to MBA, and can be availed much earlier in your career. It is an up-and-coming program with plenty of opportunities. MiM in the UK is a great choice for students wanting to enter the job market with a management degree.

Frequently Asked Questions