In the UK, a master's in management is a demanding full-time degree that typically lasts one year. The program's objective is to prepare university graduates from various academic backgrounds for employment in management. The MIM degree gives graduates the abilities and information needed to work in a direction. 

Additionally, it helps students comprehend how algorithms can be used to support businesses and choices. Graduates of MIM programs can use their knowledge in various fields, including manufacturing, government, finance, healthcare, and retail. Additionally, they are well-positioned for positions in corporations or startups.

Masters in Management (MIM) is the term used in the UK. It is one of the most renowned and competitive programs given by top business institutions in the UK, including Warwick Business School, London Business School, and LSE. 

Studying MIM in the UK is an increasingly popular alternative to earning an MBA. No prior job experience or an undergraduate management degree program are prerequisites for enrollment to this course at UK universities. Students applying to UK universities that offer MIM programs must meet the university's general admission requirements and any regional eligibility standards that may apply. 

For entry into UK universities, students must have at least a 60% in their bachelor's degree. The fact that not all universities offering the degree demand GMAT scores is an additional benefit of applying for a master's in management.

That's because the UK's MIM students can find employment with large financial institutions, IT companies, and management organisations like Goldman Sachs, Amazon, Apple, Google, McKinsey & Company, and Boston Consulting Group, thanks to the nation's status as the centre of financial growth.

Why Study Masters in Management in the UK?

• One of the first nations in Europe and the entire world to offer Master in Management programs was the UK. The best MIM programs in the UK offer precious degrees to overseas students. The course is now recognized internationally due to its rising popularity and efficacy.
• MIM programs are significantly less expensive than MBA programs.
• In the UK, MIM typically lasts one year. The students will have the chance to get a jumpstart on their professions and save time.
• With MIM, job experience is not required, in contrast to the top MBA programs in the UK where it is. The best MIM programs in the UK are available to recent graduates who want to enter the business and management fields.
• MIM graduates in the UK can obtain work chances in numerous top international organizations. The well-crafted curriculum shapes the pupils into responsible, successful adults.

Top Universities for Master in Management in the United Kingdom: QS World Ranking 2022

The best UK institutions with Masters in Management programs are listed below, per the QS World University Rankings 2022.

Master in Management in the United Kingdom: Tuition Fee

MIM tuition costs can range from 20,000 to 37,000 GBP in the United Kingdom. Below are the tuition costs for foreign students who want to study for a master's in management in the UK:

Admission Requirements to Study Master in Management in the United Kingdom

Eligibility Criteria

• A bachelor's degree or its equivalent from a university approved by the government
• An undergraduate degree applicable to the field of study.
• A 60–70% average grade on a comparable undergraduate degree is acceptable.
• The results of the standardised exams required to apply for admission to a Masters in Management program in the UK. While many universities do not require GMAT or GRE scores, possessing one is usually advantageous.

Language Requirements

All eligible candidates must pass an English proficiency test to get admission to one of the Uk’s top Universities. The tests' minimum results are:

• IELTS: 6.5 to 7.0
• TOEFL: 93-100

Documents Required

• Filled-out entrance application
• A non-refundable application fee must be paid.
• College transcripts from every college or university attended
• Documentation of English language test results
• Standardized tests for studying in the UK: GMAT or GRE
• Present CV
• SOP
• Reference Letter (2)
• Application essays explaining why the student wishes to enrol in the course and the college/university

Admission Process for Master in Management in the United Kingdom

• Decide which institution you want to attend for the MIM program in the UK.
• Browse the university's official site and gather all information on eligibility and the admissions procedure.
• Submit scanned copies of all the necessary paperwork, including your resume and scores from the IELTS, TOEFL, GMAT, and GRE.
• Complete the appropriate application form, then pay the fee.
• You will receive the conditional offer letter once you have satisfied all the requirements. You can reserve a place at the university after you get the letter to verify your choice.
• Accepting the university's terms and conditions can make your deposit. There is no reimbursement for the deposit.

Scholarships

For overseas students studying in the UK, universities provide various scholarships. These financial assistance alternatives comprise loans for school, scholarships, etc. The scholarships given to students enrolling in UK Masters in Management programs are included in the table below.

Job Scope

UK graduate students have various employment options after completing their Master's in Management. Graduates from UK universities can search for positions open to foreign students in the UK or other nations of their choice.

Graduates of the MiM program have an excellent reputation with businesses that run other graduate training programs or with different banks, etc., wanting to hire analysts. This is very different from the situation with MBA grads, where employers seek out graduates for detailed job descriptions.

In the UK, a graduate with a master's degree in management can expect to earn 35,000 GBP annually.

Job profile and Salary

The table below shows the typical earnings in the UK for jobs requiring a master's in management.

Top Recruiters

• Deloitte
• Accenture
• IBM
• McKinsey & Company
• Bain & Company
• Elixirr