Student
The salary difference between a Master in Management (MIM) and an MBA can vary significantly based on factors like experience and location.
MIM graduates typically enter the workforce with little to no professional experience, leading to lower starting salaries. For instance, MIM graduates in Europe often earn between $50,000 to $70,000 per year.
On the other hand, MBA graduates generally have several years of work experience, which translates into higher salaries. In the U.S., the average starting salary for MBA graduates can range from $100,000 to $120,000 annually. Top MBA programs, like those at Harvard or Stanford, see graduates earning even higher, often exceeding $150,000.
While MIM is more suited for early-career professionals, MBA graduates typically command higher salaries due to their experience and management skills.