Cornell mba essays forward this error screen to host. Work or pursue masters after graduation? Which skills are the B-Schools looking for?
How To Choose The Ideal School For You? Work or pursue your masters after graduation? Want to understand which one among the two would be a better fit for you? Check out our detailed report on the 11 major differences between the two and improve your understanding of the MBA vs Masters in Management phenomenon.
Over the years as the Masters in Management has been gaining prominence, it has often been confused with a type of an MBA. MiM, which clearly separate the two. Top MBA colleges have high requirements and require their students to pass through its stringent criteria such as having a certain amount of work experience, strong professional achievements, academic distinctions etc. This work experience requirement is one of the key differentiators between the Masters in Management and the MBA.
Some work experience is of course appreciated and up to 6 months is also encouraged by several schools. But if one accumulates too much work experience they are urged to apply for the MBA. Most US MiM schools have a cutoff at 1 year of work experience, after which they are disqualified from applying. So, while the MBA is targeting the experienced class of people having 3 or more years of work experience on average , the MiM is meant for fresh graduates or people having less than 2 years of work experience, who want to have a fast track career growth plan. For example, if we consider the case of LBS MBA vs MiM, we see an average work experience of 5 years for the LBS MBA while an average experience of less than a year for the MiM. As a result of the extra years of work experience, MBA candidates tend to be older than MiM ones.
Usually, the average age of MBA applicants is around 28 years, ranging between 25-32 years. Of course, there are some applicants who are younger or older, but they tend to be very few. For the Masters in Management, the bar on the work experience limits the age range to about 25. So, usually MiM applicants have an average age of 23, and the age range varies between 21 to 25. The MBA is an ideal degree for people who want to take the next step in their careers, this can be in the form of switching career fields, boosting their chance for a promotion, switching to get a high paying job or becoming more qualified for a leadership or management position, among other things.
Hence an MBA is ideal for people who are looking to take their game to the next level. MiM or MSc in Management, on the other hand, is aimed towards people just entering the job market or who have been working for a little time. It is ideal for people who want to gain some advanced business skills or want to change from a non-business field to a business one. It allows students to equip themselves with relevant skills that the job market desires and put their career on a fast track. Many applicants enter the Masters in Management with the goal of breaking into the consulting or the financial fields, which most are successfully able to do.