Is a Masters in Management really worth it?

Asked by Sanat Rajpoot about 1 year ago

Answers 1
Ajay Tewani

Ajay Tewani

Investment Analyst at IFC - World Bank Group | IIM Ahmedabad | CA | CFA Level III

Yes, a Master in Management (MIM) is definitely worth your time and money. Not only is it one of the best business and management courses now but also one of the best paid. I mean these two are the most basic things a student looks for a business degree right? Plus, you can do it with an average qualification and no work experience. Let me explain in detail.

See that fort thing you need to know is how much a master in management degree is worth, right? Well, basically these degrees are more Europe-oriented and I suggest you select business schools in countries like the UK, France and Spain (European countries). Because the MIM course was originally started in European institutes and later it got accepted in all other major countries like the USA, Canada, Australia etc.

The reasons why I’m recommending European b schools as the first choice are not only based  on these factors. Recently, organizations like Indeed and Payscale have released their MIM surveys. Though the records have been good  in every major country, Europe still dominates. In general, the jobs and career for MIM graduates in top European countries are valued and paid handsomely. For example, MIM graduates from top  European countries earn an annual income of 50-75 lakhs.

However, it does not mean that you don’t have good options in the USA. For example, b schools like NYU Stern, Marshall School of Business are some names that have really good MIM programs. Even big universities and business schools like Stanford and MIT (Sloan) have MIM courses available. The fresh MIM graduates from USA b schools  earn around 53 lakhs annual income while with a five-year experience you can even expect an annual salary of around 65 lakhs.

If you are asking whether a MIM program is worth or not, ask another question like how much? Management roles are common in every profession. Like jobs where it doesn’t even need managing or say coordinates, are now requiring management experts due to inflation in work and growth. So, currently, I would say that having a management degree such as MIM is most relevant.

If you are not convinced with these answers, let me know. I can assure you that a master in management degree  is very good if you are planning to get into the business industry. Even for specialized professions like engineering, healthcare, agriculture etc., there are specialized integrated MIM courses. Let me know if you want to find the best options for you, we can sit down and browse these based on your profile. Thanks.


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