MIM [Masters in Management]: Course Details, Eligibility, Admission, Fees

Surobhi Chatterjee

Updated on - Mar 15, 2023

MIM is a two year postgraduate management program that deals with the way a company or organization operates and functions while providing advanced general management knowledge. This includes the financial, administrative and marketing aspects of the business. MIM jobs after graduation include Project Manager, Production Manager, Operations Assistant, General Manager, CEO, Assistant Manager, Corporate Officer, Executive Director, Assistant to CEO, etc.

About MIM Course

MIM full form stands for Masters in Management. MIM courses are composed of many artistic disciplines and offer various subject combinations for candidates to choose from apart from compulsory subjects. The MIM syllabus covers all the related topics for the field and gives rigorous training to the students. MIM duration is generally two years, depending on the country and institution.

Eligibility Criteria for MIM

MIM eligibility includes students having to successfully pass their graduation examinations from a recognized university in any stream with a minimum of 50% aggregate marks. In addition, many colleges and universities conduct entrance exams for students to be eligible for the course. There is no age limit to applying for this course. For MIM admission, the students need to know the eligibility criteria and all the Masters in Management course details.

Who Should Pursue a MIM Course?

The MIM course is for those aspirants that want to set up a career in management. Depending on the nature and type of MIM course, aspirants can set up their careers in the domain of their preferences.

When To Do MIM Course?

Typically, it makes sense for MIM aspirants to apply for their respective courses immediately after completing graduation. However, students from any stream can apply for a MIM course.

How To Get Admission to MIM?

MIM admission is possible through both entrance examination and merit-based selection. Many universities offer direct and entrance exam-based admission to the MIM course. Candidates applying for the MIM degree should have their results from the respective entrance exam boards required by the selected/opted universities. 

Though the admission process varies from college to college, below are the steps that one should generally go through to get admission.

How to Apply?

The MIM degree course applications are available either online from the university website or offline by visiting the university's admissions office. In addition, some colleges may conduct interviews before admissions to check if students have good communication skills. 

Candidates applying for the Masters in Management program should have all the necessary documents before the entrance test, such as graduation results and ID verification.

Selection Process

The selection process for the courses under Masters in Management in india is usually the same irrespective of the specialisation. Generally, once the application for the course is received, colleges decide on the final selection of the candidates based on the marks obtained by them in the entrance exams. Additionally, the merit obtained by the candidates in their undergraduate degrees also plays an important role.

Types of MIM Courses

Aspirants can pursue the MIM course in full-time, distance or part-time mode. Below are the types of Masters in Management courses in detail:

Full-Time MIM

The full-time MIM program is typically for 2 years, which students will have to attend classes in person, submit assignments, and write their exams on campus. The advantage of a full-time MIM course is that students will gain a lot more exposure, experience and knowledge through direct interaction with their peers and faculty.

Part-Time MIM

The part-time MIM course is designed for students who cannot attend regular classes. Part-time courses either entail weekend or night classes or online classes, depending on the type of course. The advantage of the part-time MIM course is that students can pursue this course while simultaneously being engaged in employment, research, etc.

Distance MIM

Many universities and colleges in India offer the Distance MIM course. The course is designed keeping the Distance Education methodology in mind. This course is designed for students who cannot afford to attend classes on-campus or those engaged in some form of employment and cannot take time out to pursue a full-time course.

Popular Entrance Exams for MIM

Entrance exams are a common and popular means for some colleges to have a screening to decide which student must be admitted to the course. Many popular colleges around the country have made a name for themselves by conducting internationally acclaimed research projects. 

These colleges often conduct entrance exams, as the demand to enter these colleges is higher than the number of seats available. Listed below are some of the popular exams:

• GMAT
• CAT

Pursuing a Master's in Management without GMAT scores is not difficult. Along with some of the top, globally ranking universities in the UK, there are various other universities that accept MIM applicants without GMAT scores. Most of the business schools in the UK do not ask their applicants to have GMAT scores. However, students planning to pursue Master's in Management do need to have work experience to get into top universities. 

A Quick Glance at the MIM Entrance Exams

Students can access the MIM course details by going to the college's official website to which they are interested in applying. Specialisation plays a vital role in the college's approach to the entrance exam. Below listed are some of the general guidelines of the MIM entrance examinations: 

• The exam pattern includes English, Logical Reasoning, Analytical Thinking, and subject-specific questions according to the specialisation.
• The papers are objective and MCQ-based.
• The syllabus, mode of examination, and question pattern may change according to a university/conducting body.

Top MIM Colleges in India

Below is the list of the 10 best MIM Colleges in the country:

Top MIM Colleges in New Delhi

India’s capital city is home to some of the best institutions for MIM in India. Check the table below for the top MIM colleges in New Delhi:

Top MIM Colleges in Pune

Pune also has some of the best institutions for MIM in India. Check the table below for the top MIM colleges in Mumbai:

Top MIM Colleges in Chennai

Tamil Nadu’s capital city is home to some of the premier institutions for MIM in India. Check the table below for the best MIM colleges in Chennai:

Top MIM Colleges in Bangalore

The capital city of Karnataka is renowned around the country for colleges offering top MIM programmes. Check the table below for the best MIM colleges in India:

Top MIM Colleges in Kolkata

West Bengal’s capital city, Kolkata, has some of the best colleges for MIM courses in India. Check the table below for the best MIM colleges in Kolkata:

Top MIM Colleges in Hyderabad

The Telangana state capital has some premier institutions in the country for MIM courses in India. Check the table below for the top MIM colleges in Hyderabad:

Top MIM Government Colleges

There are several top Government Colleges offering quality MIM programmes across the country. Check the table below for the top MIM government colleges in India:

Top MIM Private Colleges

India has seen significant growth in the number of quality MIM private colleges that offer some of the best programmes in the country. Check the table below for the top MIM private colleges in India:

Study MIM Abroad

Students can opt to study a MIM course abroad if they can afford it. The MIM course abroad is for 2 years, depending on the type of course, college and country. The benefits of studying a MIM course abroad are access to some of the best resources, facilities, and faculties, apart from worldwide exposure in terms of subject matter and other cultures.

In addition, MIM is one of the best courses to study abroad because of its diversity. Below are some of the top MIM colleges abroad and the relevant fees structure:

Top MIM Colleges Abroad

The table below contains the list of some of the best colleges abroad for MIM:

Top MIM Colleges in USA

The USA is home to some of the best universities and colleges offering top-notch MIM programmes in the world. The table below contains the list of top MIM colleges in the USA:

Top MIM Colleges in the UK

The UK has institutions that date back to the 13th century. This makes the UK one of the best destinations for pursuing a MIM. The table below shows the top colleges in the UK for MIM:

Top MIM Colleges in Canada

Known as the ‘Great White North’, Canada is one of the most sought-after destinations for MIM programmes in the world:

Top MIM Colleges in Australia

Known as the ‘Land Down Under’, Australia has emerged as one of the top destinations for higher studies for many students. The list of top MIM colleges in Australia is as follows:

Fee Structure for MIM

The MIM course fee is not fixed and depends on many factors. Some of the factors which affect the MIM fees include location, faculty, demand, infrastructure, and the facilities available to the students. The average MIM course fee in India is around INR 2 - 30 LPA.

Syllabus and Subjects for MIM

The course syllabi included in the curriculum of some of the most popular MIM courses are listed below. The crux of the syllabus is maintained throughout most colleges across the nation, although minor deviations may be observed for a few colleges. Listed below are some subjects that the students get a chance to study:

• Project Management
• Business Administration
• Entrepreneurship
• Finance
• Marketing

Read More: MIM Syllabus and Subjects

Why Choose a MIM Course?

When students decide to pursue the MIM qualification, they should research MIM course details to ensure that they know the course they are enrolled in. Some of the common queries that students encounter are, "What is MIM" and "Why MIM?". To understand the answer to these questions, we can make it simpler by breaking it down into the following three short questions:

What is MIM All About?

A Master in Management Degree or MIM course is a postgraduate management degree awarded to students, usually in a branch of Commerce. MIM degree is a mix of many subjects that allows candidates to adapt to the changing demands of the employer and meet their needs. The MIM course enhances the candidates’ communication, research, and analytical skills.

What Does a MIM Graduate Do?

Students can select the subjects of their choice depending on their interest in job prospects available in the specific field. Since graduates with a Master in Management degree possess skills in various subjects, there are career opportunities available in multiple fields for them. In addition, there are many responsibilities that graduates of this role have to undertake, which makes the role very dynamic and diverse.

Corporate Officer: Corporate officers are responsible for maintaining awareness of company objectives and policies, employee behaviour, financial records and other important areas. They have a responsibility to avoid conflicts of interest and promote the best interest of the company and any shareholders.

Reasons Why MIM Can Fetch You a Rewarding Career?

The MIM course is a very reflective and exciting stream of education. Students can gauge the intrinsic worth of a MIM course because it offers more avenues of employment opportunities than any other stream. Thus, the MIM job scope is forever widening and appealing.

Diversity in Job roles: There is a diverse range of job roles available for the graduates of this course. Since the specialisations available to the students are very flexible, it enables the students to pursue a wide range of roles in their careers.

Read More: MIM Jobs & Scope

MIM Course Comparison

MIM stands for Master in Management and is typically catered to students interested in and inclined towards management. Below is a comparison of the MIM course with other courses:

MIM vs MBA

The table below showcases the differences between MIM and MBA:

Read More: MBA

Preparation Tips for MIM Course

There are many tips that students must note when deciding to pursue a MIM degree. Some important preparation tips are listed below to ensure that the students crack the course and pass the exams without any hurdles. 

Improve Vocabulary: Improving vocabulary is very necessary as the MIM course deals with many writing and reading activities. So having excellent communication and writing skills are a plus for the student studying the MIM course.

Read and Practice More: Being up to date with the syllabus every day is very important. Practising and reading more will help the student be thorough with the syllabus and do well in the exams.

Have Intrinsic Knowledge and Interest in Subjects: Having intrinsic knowledge about the subject and having the same interest will keep the student motivated to learn more than what's in the syllabus.

Revise Methodically: Revising from time to time can be a key to scoring well in the final exam. Keep revising regularly and understand the subject properly. Revision is the key to scoring good marks.

Scope of MIM For Higher Education

Students can pursue many specialisations under MIM. There are also many higher study options available for graduate students after a MIM program, which can help them better understand the subject. Also, gaining more education can help students pursue a career in research if they are interested in it. Listed below are some of the popular higher education options available for students:

• PhD
• M.Phil

Salary of a MIM Graduate

The MIM salary for the graduates can differ according to the specialisation that the aspirants decide to pursue. Other factors that can affect MIM salary in India include experience, geography, and the industry they are working in. 

Graduates can increase their salary by doing internships and work placements as it would add to their experiences. The average MIM job salary for graduates is around INR 2 - 20 LPA [Source: PayScale].

Read More: MIM Salary

Career Options After MIM Graduation

There are plenty of jobs available for students looking for a career in Humanities and Social Sciences. The job roles will differ based on the specialisation that one has opted for. MIM career opportunities with good salary packages that include the following fields:

• Project Manager
• Production Manager
• Operations Assistant
• General Manager
• CEO
• Assistant Manager
• Corporate Officer
• Executive Director
• Assistant to CEO, etc.

Skills That Make You The Best MIM Graduate

There are many complex and soft skills that MIM graduates need to possess to succeed in their careers. These are not necessarily skills that students can get in a classroom setting. Instead, these are skills that are learned through experience. 

Therefore, students should always put in the effort to go out of their comfort zone and gain as much experience as possible. Some of these skills include:

• Quantitative Analysis Skills
• Research Skills
• Analytical Skills
• The Ability to Work Under Pressure
• Interpersonal Skills

Top MIM [Masters in Management] Colleges

Mumbai University

Mumbai,Maharashtra

JBIMS Mumbai

Mumbai,Maharashtra

VIEW ALL

MIM Fee Structure

See Various MIM Colleges in India