Program Details

HEC Paris’ Master in Management (MIM) is the international students’ gateway to the prestigious Grande Ecole program, created in 1881, and a fantastic world of opportunities.

The program's duration is 18 month with an option of one gap year after the first year of studies. For applying one needs to have GMAT/GRE and IELTS/TOEFL score. For more details please click the official site HEC Paris MIM Program.For more details please click the official site HEC Paris MIM Program.

Cost Benefit Analysis

HEC costs might seem extremely high at first ~ Rs. 47 lacs (about 30 lacs of tuition and the rest living expenses.) However, if we take into account the average scholarships that the students get at HEC, along with the option to take a gap year of study where you can earn and gain professional experience at the same time, this cost comes down drastically to about Rs. 25 lacs.

The average starting salary of an HEC MIM graduate is about Rs. 46 lacs. Assuming that about 20% of this is used to pay back the loan taken to finance the MIM study, you pay back the entire loan in 4.2 years if you do your MIM in 2 years and in 2.7 years if you take a gap year between your MIM studies.

Program Details

The Master of Arts in Strategy and International Management (SIM-HSG) program at University of St Gallen began in 2004 and has been awarded the #1 position of the renowned Financial. Times Global MIM program for a record-breaking sixth consecutive time in 2017. 

The program duration is of 18 month with a class size of max 60 students which makes it extremely selective. For applying one needs to have GMAT/GRE and IELTS/TOEFL score. For more details please click the official site St Gallen SIM Program. 

Cost Benefit Analysis 

Unquestionably SIM (Master of Arts in Strategy and International Management) is the undisputed kind of the MIM programs. Ranked at the top of the pile consistently for the last 7 years, and one of the most selective MIM programs, SIM is the most sought after MIM programs. SIM takes three semesters to complete and while the tuition cost is extremely reasonable at about Rs. 7 lacs for the entire program, the cost of living in St Gallen makes the total costs for the three semester option go up to Rs. 25 lacs. Should you do part-time work in the interim, it can come down further. The average salaries of SIM graduates are highest in the industry @ about Rs. 75 lacs and thus if you finance your studies through loans, you can pay them back within 18 months. 

Should you choose to a double degree and get a CEMS Masters as well, you will spend an additional semester, and your total costs increase by another 6 lacs Rupees. The payback in that case goes up to 2 years under the same set of assumptions. However SIM, by itself is extremely known and a popular degree - students who get in there, usually get out after 3 semesters!

Program Details

The Master in Management program at IE Business School is aimed at recent university graduates and young professionals at the start of their career, with 0 to 2 years of professional experience. The program is designed for high performing individuals with an entrepreneurial spirit who want an innovative and challenging business program and seek to broaden their scope of opportunity. 

The program duration is of 10 month with a choice to take up an optional specialization course for another 10 month after completing the course. For applying one needs to have GMAT/GRE and IELTS/TOEFL score. For more details please click the official site IE MIM Program. 

Cost Benefit Analysis 

MIM at IE Business school, Madrid is a ten month program based on cohort-level study and an intensive selection process. The total cost of the program (after scholarships and financial aid provisions) is about Rs. 31 lacs, of which 33% is the living expense. The graduates can expect to earn an average of Rs. 33 lacs as starting salary in an international setting. And if were to provide for the payment of the cost of the program by setting aside 20% of the salary every month, we get a pay-back period of 4.7 years - just right from the perspective of a subsequent MBA.

Program Details

The Master in Management program at London Business School can kick start a world class career in business. It equips you with critical understanding of business, the adaptive mind-set and the business-ready practical skills to stand out in today's fiercely competitive market place.

The program duration is of 12 - 16 month with optional summer internship and international exchange last term. For applying one needs to have GMAT/GRE and IELTS/TOEFL score. For more details please click the official site LBS MIM Program. 

Cost Benefit Analysis 

LBS is one of the more expensive MIM programs - partly driven by extremely high cost of living in the city of London. A four term option for MIM at LBS can cost upto Rs. 60 lacs and of that, a whopping Rs. 21 lacs is the living cost. The more prevalent three term option costs about Rs. 49 lacs and include living costs of about 17 lacs Rs. 

People tend to choose the shorter 12 month format and finish off their MIM quickly. The starting salaries for MIM graduates are attractive, at about RS. 47 lacs/ year. You have an option to defray your costs a little further by getting into a short internship in the summer and getting some of the many scholarships available at LBS. If you were to do that, your total costs come down to Rs. 38 lacs. Should you take a loan to finance it, you will have a pay-back period of 4 years - just about when you are getting ready for your next degree, perhaps a specialized MBA. The longer 16 month MIM option has a pay-back period of 5 years.

Program Details

The Master in Management program at Essec Business School is ranked #5 by the Financial Times in 2017 and combines the best of a prestigious French "Grande Ecole" program with a unique exposure to international experiences with two world class campuses in both Paris and Singapore.

The program duration is of 15 month bi-campus program providing dual gateway to European and Asian financial markets. For applying one needs to have GMAT/GRE and IELTS/TOEFL score. For more details please click the official site ESSEC MIM Program. 

Cost Benefit Analysis 

Part of the Grand-Ecole family, ESSEC offer a 15 month MIM and MFin programs which are extremely popular and are highly selective. Typical cost of these programs is about Rs. 35 lacs of which 33% is the living expense. You also have the option of defraying some of these expenses through part-time jobs and research opportunities at the campus. An average graduate can expect to get about Rs. 55 lacs in salary and if he was to use 20% of that to pay for his program expense, he should take about 2.6 years to pay back the entire amount.

Program Details

The Master in Management program at WHU Otto Beisheim School of Management is one of the top ranked program that integrates academic excellence with practical relevance and global perspective. The full time English-language program lasting 17 or 21 month offers you unique opportunities to develop expertise in all areas of business related field of study. For applying one needs to have GMAT/GRE and IELTS/TOEFL score. For more details please click the official site WHU MIM Program. 

Cost Benefit Analysis 

WHU Beisheim offers one of the top MIM programs in Germany. Apart from the strong industrial roots driven by the local German ecosystem, WHU Beisheim offers one of the most economical program. The net costs (living, medical and tuition - all inclusive) after accounting for extensive scholarships and internship earnings are about Rs. 21 lacs for the 17 month program and rise to 26 lacs for the 21 month stint. 

Given the fact that WHU graduates earn one of the highest salaries (~ Rs. 65 lacs) and often are absorbed in the local work-force (a knowledge of German is a must. Most learn the language during their stay at WHU), the payback period for loans under our standard assumptions (20% payout every year) is 1.3 years for the shorter 17 month track and 1.7 years for the longer track.

Program Details

The MSc in International Management program at ESADE Business School is ranked 8th best worldwide by the Financial Times. ESADE gives another opportunity to students to obtain two renowned international degrees, combining an ESADE MSc in Management degree with CEMS MIM as well. 

The core program duration is of 10 month but students can opt to spend more time and go for a double degree internally and externally from partnered institutions. For applying one needs to have GMAT/GRE and IELTS/TOEFL score. For more details please click the official site ESADE MIM Program. 

Cost Benefit Analysis 

Another Spanish campus - in the happening city of Barcelona and an amazing program structured very much like the IE MIM program spanning for 10 months! ESADE MIM turns out to be fairly reasonable, much cheaper than its sister program at IE business school. MIM total cost is around Rs. 27 lacs with about 33% attributed to living expenses. A dual degree like an CEMS MIM or many other dual options that are available (both internally or externally) cost around Rs 40 lacs and take about 18-24 months to complete. Despite this, the salary statistics are very impressive - a whopping Rs. 50 lacs for the MIM graduates giving a pay-back under the standard conditions of this model (20% of salary goes towards servicing the program cost) of 2.3 years! Unquestionably, it is one of the more popular programs, especially among the Indian students.

Program Details

The MSc in Management program at University of Bocconi provides multiple options of dual degrees with ESSEC Business School, CEMS MIM and China MIM. It allows you to focus in areas like Fashion Luxury etc. in second year which makes it unique from other MIM programs.

The program duration is of 2 years with one year in University of Bocconi and the second year in Essec Business school. For applying one needs to have GMAT/GRE and IELTS/TOEFL score. For more details please click the official site Bocconi MIM Program. 

Cost Benefit Analysis 

Situated in the heart of Milan, Bocconi offers one of the most cost-effective MIM programs. Priced at about Rs. 24 lacs with more than half the cost attributed to living expenses, Bocconi MIM is the least expensive of the top-ten MIM programs in the world. The average salary for the graduates is pegged at Rs. 45 lacs, giving a pay-back period of slightly more than 2 years under the conditions of the model. (Assuming 20% of the salary goes towards servicing the program cost every year).

Program Details

The MSc in Management in Entrepreneurial Leadership program at Babson College which is ranked #1 by Financial Times for its Entrepreneurship programs. It is renowned for its highly-acclaimed curriculum that uses the Entrepreneurial Thought & Action (ET&A) methodology to teach students in classrooms.

It is an intensive 9 month program which begins in the fall of each year. For applying one needs to have GMAT/GRE and IELTS/TOEFL score. For more details please click the official site Babson MIM Program. 

Cost Benefit Analysis 

Babson's MIM programs, similar to most US MIM programs are of more recent vintage with the first class from their MSEL program graduating in 2015. They also have similar programs in Finance and Accounting, but the program in Entrepreneurship (MSEL) is by far the most popular. 

Babson's program costs about Rs. 50 lacs (all inclusive) for the nine month stint at the flagship campus at Wellesley in the state of Massachusetts. The costs are a little high given the moderate rank of the Babson College, however, given its easier accessibility, a lot of people are keen to attend the program at this cost as well. Being a part of the greater Cambridge/ Massachusetts educational ecosystem with universities like MIT, Harvard and Tufts nearby gives this program ready credibility and students' great exposure. The average salary of the outgoing graduates is about Rs. 42 lacs. Given the very recent introduction of this program, we expect this to go up, as the program takes roots. The pay-back period, under the conditions that 20% of the salary is used to pay for the loans to finance the program, is 5.9 years.

Program Details

The Master of Management Studies (MMS) program at Duke Faqua Business School is one of the few MIM program delivered by one of the top 10 B-schools of US.

The program duration is of 10 month and they accept students with 15 years of formal education as well! For applying one needs to have GMAT/GRE and IELTS/TOEFL score. For more details please click the official site Duke MIM Program. 

Cost Benefit Analysis 

The flagship MMS - Foundations of Business is a very popular program among the fresh graduates. With options of only the US campus and an option of studying at Kunshan University in China, the ten month program costs about Rs. 57 lacs (all inclusive) and offers an average salary of Rs. 48 lacs at graduation. Assuming that you are paying off the cost of the program using 20% of your salary, it will take you close to 4.9 years to pay back. 

The program is taught by the same faculty as the Fuqua MBA and is extremely selective.

Program Details

The students in Master in Management (MM) program at UBC Sauder School of Business achieve full-time employment within three months of graduation—a distinction that has helped the program repeatedly achieve a #1 ranking in North America by the Financial Times.

The program duration is of 9 months in which 19 modules are covered. For applying one needs to have GMAT/GRE and IELTS/TOEFL score. For more details please click the official site UBC Sauder MIM Program. 

Cost Benefit Analysis 

UBC Sauder offers a competitive MS programs in Management which is ranked no. 1 in North America by a number of agencies. Situated in Vancouver, with a very small intake of about 55 students, the program is extremely selective. Priced at about Rs. 33 lacs with close to 50% as living expenses, this nine month program has high employability outcomes. The average salary of the graduates of the program is close to Rs. 24 lacs and offers temporary and permanent work permit in a multi-polar country like Canada. Should you choose to finance your studies through a loan, at 20% of your salary, it will take you seven years to pay it back.

Program Details

The MSc in Management program at National University of Singapore is a great program as it is being taught by NUS Business School’s distinguished international faculty educated in renowned universities including Harvard, Wharton, MIT and Oxford.

The program duration is of 12 month spread over two semesters. For applying one needs to have GMAT/GRE and IELTS/TOEFL score. For more details please click the official site NUS MIM Program. 

Cost Benefit Analysis 

NUS offers one of the best MIM programs in the Asian subcontinent. Apart from its competitive costs, international location with robust regional influence (Singapore) and a strong emerging market orientation, through global partnership with CEMS, it offers one of the top MIM programs in the world. 

The standard version takes one year to complete and costs around 14 lac Rs. (Yes!) (All inclusive, net of scholarships and income from internships) The CEMS version, on the other hand costs about 2.5 times at Rs. 32 lacs. Bulk of this cost is driven by the CEMS component and the cost of living in the mostly European CEMS partner universities. However, the acceptability of the standard MIM program is high and gives you a salary of close to 49 lacs/ annum, marginally lower than then CEMS MIM at 53 lacs. The attractive Salary/cost ratio gives an attractive pay-back of loan (taken to finance the MIM) at 1.4 years as opposed to 3 years for the CEMS MIM. (The calculations are made like above - assuming 20% of the salary goes in servicing the loan) 

Given the attractive cost-benefit equation for the standard one year MIM, a lot of students choose to opt for that as well, notwithstanding the CEMS credentials and the presence of the alternative program.