3 out of 4 Master in Management (MIM) programs worldwide do not require a first degree in business or economics. This is the result of an evaluation of 463 MIM-Programs by the platform Master in Management Compass. In contrast to MBA programs, Masters in Management allow graduates to start immediately after obtaining a Bachelor degree. Thus, graduates from all academic backgrounds can study a general management program without obtaining the work experience needed for an MBA. Graduates with a degree in business or economics can avoid redundancies in the curriculum by choosing those Masters in Management that actually do require and build on such an academic background.
Further academic Management training is traditionally provided by the Master of Business Administration (MBA). Professionals with at least three years of work experience are supposed to obtain the skills for leading positions thereby. Since a few years, however, there are more and more academic Master programs in General Management, which can be taken up right after the first academic degree. While about one fourth of these programs, often called MiM (Master in Management), only address candidates with a first degree in business or economics three fourths are open for graduates of all branches of studies.
The information platform Master in Management Compass offers the possibility to search for these programs specifically. Of the 463 MIM-Programs in the database only 124 require a first degree in business studies or economics. The remaining 339 programs either address an extended but restricted target group, for example for graduates of social studies, or they are open for all branches. A closer look on the teaching mode shows that 30% of the full-time MIM programs require a Bachelor degree in business or economics while 70% are open for all disciplines. In addition, 84% of all part-time programs are open for graduates from all disciplines. This holds also when analyzing only MIM programs from the current Financial Times Master in Management Ranking: Only 22 out of 65 programs require a business or economics degree.
In contrast to the MBA, MIM programs thus allow all graduates to study a general management program without having work experience. Furthermore, graduates with a first degree in business or economics can choose a MIM program that specifically requires this background and thereby avoid redundancies in the study content that they often face in the first term of MBA programs.
The platform Master in Management Compass (http://www.mim-compass.com) offers a search engine with 463 MIM programs worldwide and in particular a filter function where users can find programs that require a business or economics degree and those who do not.