What To Study Overseas– MIM Or MBA?

 

A Master's degree program called "Master’s in Management" (MIM) provides complete information of many management streams including Finance, Marketing, Consulting, and Entrepreneurship. For individuals who don't want to pursue an MBA, MIM from abroad has gained popularity over the past ten years.

While the Master of Business Administration is a Master's degree program with a concentration on Leadership, Human Resource Management, Accounting, and Business Economics.

There are several considerations to weigh while deciding between a Master's in Management and a Master's in Business Administration. Your level is one of the most crucial variables. A MIM degree is most likely an excellent choice for you if you are a fresh graduate hoping to jump-start your career. The MBA is the better option, however, if you are a seasoned professional with more than three years of experience. You will acquire the necessary skill set to have a successful career as a result.

Difference between MIM and MBA:

No	Basis of Difference	MIM	MBA
1	Cost of studying	Lesser in comparison to an mba	Expensive
2	Eligibility	10+2 years of formal education from an accredited institution An undergraduate degree An impressive result on english language proficiency exams like the IELTS or TOEFL A GMAT or GRE score that meets the university's requirements.	10+2 years of formal education from an accredited institution An undergraduate degree An impressive result on english language proficiency exams like the IELTS or TOEFL A GMAT or GRE score that meets the university's requirements. A minimum of 2 LORs and 1 SOP
3	Scope	Concentrated on a certain managerial discipline.	Provides a variety of electives
4	Suitability	Fresh graduates	Experienced professionals and graduates
5	Syllabus	Has a stronger emphasis on the management field's theoretical parts.	Includes case studies and is more practical in its focus.

The suitability check:

MIM degrees are appropriate for fresh graduates without any work experience. Universities often do not mandate that students obtain an undergraduate degree in business. Their advantage is even having less than a year of corporate job experience. MBA degrees need professional job experience, in contrast to MIM degrees.

The course structure:

The key distinction between a Master's in Management and a Master's in Business Administration is that the former provides fresh graduates with the necessary business acumen to launch their careers. MBA enables experienced workers to change careers.

There are some course level distinctions between the two degrees, even though they both cover broad business topics including Finance, Accounting, Strategy, Business Analytics, Micro/Macroeconomics, and People Management.

Master in Management - Broad business and management topics are covered in-depth throughout the first year of a MIM programme. Core modules cover things like accounting, business economics, corporate finance, innovation management, marketing choices, and strategic management. Students have the opportunity to select a discipline as one of their electives in addition to studying the core courses. Project management, Business Analytics, Geopolitics, and Advanced Corporate Finance are some of the MIM electives.

Master of Business Administration - Students who earn an MBA are better prepared to manage. The subject's foundational modules include those on accounting, entrepreneurship, finance, global management, human resources, and information technology. By incorporating certain electives into the students' curriculum, the programme hopes to widen their outlook. Marketing, Organisational Behaviour, Political Economy, and other topics are some of these.

Cost Comparison:

MIM	MBA
$42.63 to $75,400	$23,192 to $1,22339

Specializations:

MIM - The initial part of the two-year Master in Management degree programme, which establishes a solid basis for management sciences and related ideas like analytical abilities and statistical methodologies, is where the curriculum begins. Later stages concentrate on several specialities, including marketing management, financial management, operations management, human resource management, and more.

MIM specialities range from Economics, Finance, Analytics, Accounting, and Marketing.

MBA - The need for specialized skill sets to comprehend the difficulties faced by each business grows as there are more industries. Additionally, picking an MBA concentration is a significant professional decision, therefore one should exercise caution.

Typically, core courses are the focus of the first year of the MBA programme in order to lay a solid basis for all the topics. One can choose to concentrate in a certain pitch during the second year like Marketing, Human Resources, Finance, Information Systems, Consulting, Entrepreneurship, and Operations Management.

Top 5 Job Roles for MIM graduates:

• Business Development Manager
• Management Consultant
• Project Manager
• Social Media Manager

Top 5 Job Roles for MBA graduates:

• Business Operations Manager
• Financial Manager
• Human Resources Manager
• Information Technology Manager
• Marketing Manager

For further assistance or queries students can contact us, Edwise International, and avail of our wide range of services for students on destinations like Universities in USA, study in USA, study inUK, study in Ireland, study in Canada, study in Australia, study inNew-Zealand, study in Singapore, and many other countries.

 

What To Study After An MBA Abroad?

 

The MBA programme is one of the most popular master's programmes worldwide. After earning your MBA overseas, you can choose from a variety of programmes for higher education. Although an MBA can help you get a job, many graduates look for further training to improve their personality, business ethics, and career chances.

Short Term Courses post an MBA:

After earning an MBA, there are a variety of short-term study choices to take into account. They consist of:

1. Coding & Programming: A common choice that candidates opt for to learn after an MBA is programming. Students favour it in practically all subjects. This entails certificate or short-term diploma programmes that teach you a whole new skill that will be useful in the future.

2. Language courses: Short-term language programmes can widen your horizons and assist you in pursuing employment chances with multinational companies.

3. Personality development courses: These programs may help you polish yourself and boost your confidence and public speaking skills. Many students choose to enroll in these courses as part-time choices while working either immediately after receiving their MBA or shortly before they begin employment.

4. SAP courses: One of the most well-liked courses nowadays is Systems Applications and Products (SAP). It improves students' general ability to use SAP and all of its features more efficiently. SAP is used by all business sectors and industries to increase the total value of their products. To increase your employability with SAP, there are short-term functional and technical courses available.

Higher education courses post an MBA:

The finest opportunities for continuing your education after earning an MBA are listed here:

1. Certification in Risk Management Assurance (CRMA)

The CRMA certification is a highly sought-after credential that demonstrates a candidate's governance and risk management skills. For obtaining a job as an Auditing Advisor or Risk Manager after finishing this course, you should have some work experience (one to five years).

2. Certified in Production and Inventory Management (CPIM)

For people interested in entering the field of Supply Chain Management, CPIM is a course and a certification that is widely recognised. It has several modules, each with a different price for each test. High-level opportunities are generated in industries including Supply Chain Management, Logistics, and Material Management as a result.

3. Certified Information Systems Auditor (CISA)

For those looking to launch careers in Auditing, Information Systems, Security, and allied industries, CISA provides a solid foundation. You must pass the test, which is given annually in September, December, and June. You must fulfil the requirements for work experience and finish your ongoing course. Aspirants will get knowledge on conducting audits of information-based infrastructure, managing information, maintaining systems, and monitoring whether IT operations are compliant with regulations.

4. Chartered Financial Analyst (CFA)

CFA can be undertaken after an MBA. With people needing to pass three levels in order to become Certified Analysts, it has also grown to be one of the most sought-after career possibilities. Business Ethics, Equity Investing, Portfolio Management, Corporate Finance, and Alternative Investments make up the bulk of CFA Levels 1 and 2. After completing the course, you can find employment in a variety of industries, such as a Financial Analyst, Strategist, Portfolio Manager, or Consultant.

5. Data Science and Data Analytics 

There are several courses offered following MBA schools in the expanding employment sectors of Data Science and Analytics today. After earning an MBA in Information Technology or another similar profession, you can pursue a Data Science MBA or enroll in a Data Science course. Predictive analytics, data mining, analysis, and many more sectors are among the abilities that candidates may gain from doing a degree in data analytics.

6. Doctor of Business Administration

The focus of a Doctorate in Business Administration is to help you develop the skills necessary to handle leadership responsibilities in academia, research, and teaching. Most courses are designed to include networking opportunities as well.

7. Financial Risk Management (FRM)

The Global Association of Risk Professionals, or GARP, bestows this honour, assisting individuals in developing their risk management skills while learning more about credit risk management, liquidity risks, market risks, and financial risks (non-market). After earning an MBA, FRM is a common career path. You have two options: pursue a degree programme or take the FRM test.

8. PhD in Management

The PhD in Management programme places an emphasis on the leadership, research, and business management skills that are essential in today's market. Aspirants will manage, supervise, coordinate, and schedule company processes and activities. The focus of the training is on recognizing and overcoming business challenges in dynamic environments. The course is primarily a four- to the five-year curriculum in which research is significant.

9. Post Graduate Diploma in Computer Applications

You may learn the fundamentals of computer applications with the aid of this diploma, which places an emphasis on programming languages, software, and other relevant topics.

For further assistance or queries students can contact us, Edwise International, and avail of our wide range of services for students on destinations like Universities in USA, study in USA, study in UK, study in Ireland, study in Canada, study in Australia, study inNew-Zealand, study in Singapore, and many other countries.

 

Scholarships For Indian Students To Study Abroad

 

Being an international student has the power to open your eyes, alter the way you see the world, expose you to diversity, and keep you on pace with other foreign students. If you are an Indian student, these experiences can do all of these things and more. It may significantly change your life for the better.

Scholarships are frequently need- or need-and-merit-based. It may also include other qualifying requirements, such as gender, colour, nation, subject of study, etc. It may be a one-time payment or a reoccurring allowance. When awarded, a fully funded scholarship pays your complete tuition. Many of them also take living and travel expenses overseas into account. It includes lodging and insurance. It effectively assumes all of the financial responsibility for your global education.

The nations that provide fully financed scholarships to Indian students are many and diverse. Indian students can apply for special scholarships offered by the UK, the USA, Canada, Australia, and the majority of EU member nations (the Netherlands in particular offers a tonne of scholarship programmes).

Availing a fully-funded scholarship:

There is no way that you should wait until the last minute to apply for a scholarship. You begin your preparations a few years in advance if this is even a possible possibility.

i) You start by improving your academic qualifications. Increase your GPA, enrol in a couple more courses—do whatever to set yourself apart intellectually.

ii) Extracurricular activities might provide value. Demonstrate your leadership, ingenuity, social awareness, and problem-solving abilities.

iii) IELTS, TOEFL, PTE, and other language proficiency exams, as well as admission exams like the GRE and GMAT, should all be prepared for and aced.

You cannot tack on extra qualifying requirements at the last minute because these are some crucial ones.

Research is the best helping tool in the interim. Consider every avenue — your own government, the host government, the institution, or private groups — from which you might be able to obtain funds. Keep track of the scholarship's deadlines while you perform your study. Make sure to send your documentation and application form for scholarships well in advance of the deadline.

Top Scholarships for Indian students:

In the UK -

1. Chevening Scholarships: Indian students who meet the criteria for the Chevening Scholarships are given the opportunity to study for a one-year postgraduate degree at any UK institution in a field of their choice.

2. Commonwealth Scholarship and Fellowship: The Commonwealth Scholarships Commission offers worthy students from the Commonwealth countries—of which India is a member—who have the capacity to significantly contribute to their countries, Master's and Ph.D. programmes in the UK through the British Council.

3. Erasmus Mundus: One of the most well-known scholarship programmes for Indian students in the UK is Erasmus Mundus, which offers chances for higher education through cooperating with joint programmes of postgraduate courses.

4. Felix Scholarship: To help meritorious, poor students from India and other developing nations pursue a postgraduate degree at a UK university, the Felix Scholarship was founded.

5. Inlaks Shivdasani Foundation Scholarships: Deserving candidates can apply for Inlaks Shivdasani Foundation Scholarships to study at colleges in the United States and Europe. Both academic programmes and specialised courses are part of it.

6. Rhodes Scholarships: The Rhodes Scholarships are postgraduate prizes granted to exceptional students, including five Indian students to study at Oxford University with the objective of fostering noble future leaders worldwide.

7. Vice Chancellor’s International Scholarships: Newcastle University provides undergraduates, postgraduates, and overseas students through Vice Chancellor's International Scholarships.

In the USA -

1. Fulbright-Nehru Fellowships: Fulbright-Nehru The United States-India Educational Foundation (USIEF) provides fellowships to Indian students who desire to study for a master's degree or do research in a US academic setting.

2. Tata Scholarship: Indian students can earn their bachelor's degree at Cornell University thanks to the Tata Scholarship.

In Canada -

1. UBC International Leader of Tomorrow Award: International applicants to British Columbia University's undergraduate programmes are eligible for the UBC International Leader of Tomorrow Award.

In Australia -

1. Adelaide Scholarship International (ASI): International students at the University of Adelaide are eligible for fully financed scholarships to pursue 2-year master's degrees and 3-year doctorate research degrees.

2. Australia Awards Scholarship: Students from 50 developing nations, including India, will be able to apply for a variety of fully funded scholarships through the Department of Foreign Affairs and Trade (DFAT).

3. Australian Embassy Fully Funded Scholarships: Through the list of Australian universities offered, the Australian Embassy provides scholarships for undergraduate, master's, doctoral, and MBA programmes.

4. University of Melbourne Scholarships: Deserving domestic and international students can apply for University of Melbourne Scholarships to do research at Melbourne University.

For further assistance or queries students can contact us, Edwise International, and avail of our wide range of services for students on destinations like Universities in Canada, study in Canada, study in UK, studyin USA, study in Ireland, study in Australia, study in New-Zealand, study inSingapore and many other countries.

How Does Staying Abroad Affect International Students?

 

Many students who go abroad to study get worried just thinking about the consequences of study abroad. Many students leave their homes for the first time to pursue their study goals. Not only do the students get worried, even their families get worked up too. In countries like India, where blood and emotional bond is given a lot of importance, some students let down their dreams owing to the fear of leaving behind their family members and friends.

Study abroad is a challenge of staying alone in a new country, meeting new people, and leaving your loved ones behind. It is more challenging for people who are introverts. There are also many advantages of studying abroad. Here are some of the advantages one gets after studying abroad.

 

·     Improve language skills

Study abroad will help the student to have a grasp on language skills. It is a positive impact that will help students in their career. Communicating with people will help students learn faster because of regular practice. Developing language skills will help one's career.

 

·     Confidence and Independent

Studying in a foreign country can help students learn some personal growth such as confidence and to be independent and also adaptable to the new environment. From waking up early in the morning to attending lectures on time, doing all the chores all alone without any family member's help or permission. This helps international students to become independent and face any challenges without getting panic while they already experienced all the obstacles on their own. Navigating a new environment, experiencing a new culture, making friends builds self-confidence. Other than these students also gain leadership skills.

 

·     Build Network

Study abroad helps students to build their networks with people from around the globe. Being an international student gives you the advantage of meeting new people from a different field or the same field. This will help students in future opportunities. This network leads to having lifelong friends and some leads to career opportunities like an internship, full-time jobs, and even business partners.

 

·     Broaden’s one’s perspective

Staying in a foreign country, students will meet people from different backgrounds, dialects, cultures, likes and dislikes, perception of life, all these allows them to expand their worldview. Being in the same university or college during the period, of their course, helps students broaden their perspective about life.

 

·     Explore the world

Being in a foreign country allows international students to explore the place. During vacations, students have time to go sightseeing in a new city or explore the other city nearby, try out different cuisines, traditions, understand their history. Local people with whom the student has made a good connection can help you explore the places that tourists cannot go to.

 

·     Career opportunities

Studying in a foreign country for a long-time, completing your course will help the student to learn more about their future in the chosen field. Doing an internship while pursuing the course gives them theoretical as well as practical knowledge. It also makes students adaptable to the work environment. Clearing doubts from the university seniors, internship colleagues and the staff will also help you in making decisions for a better future. While hiring, companies often want candidates to showcase their skills. For international students it's a time to stand out of the crowd to showcase their skills and experience.

Consult Edwise for free career counselling and any further details related to Study in the UK, Study in Canada, Study in the USA, Study in Ireland, Study in Australia, etc. and avail of our wide range of services for students on destinations.