According to a report published in Forbes.com, the 2013 GMAC Applications Trends Survey shows the shift in interest of students in business education. In Europe, more than 50 per cent of the test takers are still interested in pursuing an MBA degree, either online or on-campus. However, the survey reveals that the number of applications for Master in Management (MiM) programmes in Europe has increased by almost 73% for the 2013-2014 class. As the programme does not require any work experience and are a lot cheaper than a full time MBA, most of the young students are opting for these alternative business programmes instead of traditional MBA programmes. This has contributed in lowering the average age of GMAT test takers as most applicants are now under the age of 25.
Master's in Management deciphered for you
The Master in Management (MiM) is mainly a post-graduate master’s degree programme. It is specifically designed for those individuals who are interested in working in leadership roles. Although the programme structure is similar to MBA and other courses, but it does not require the students to have any work experience. Thus the students are usually younger than MBA students and the average student age for MiM is 23 years.
Why is the demand for MiM soaring? Every wondered
One of the major reasons for the growth in demand for MiM programmes is certainly the tuition fees. Most of the current Master in Management programmes are really cheap and cost only one third of the fees of a full time MBA from an accredited B-school. Moreover as the job market has become highly competitive and uncertain in the last few years, most students now prefer continuing full-time professional education for longer periods.
How can you get the most of this Management Programme?
Ever thought of entering to a final years of your Master’s study straightaway and complete your degree faster than others? A Postgraduate Diploma in Management is a level 7 programme that will help you to do exactly this. And if you opt for an online programme it is even better. It will save you time and money. But, it is imperative to keep in mind that you opt for such a programme from a recognized University. For example an Online ATHE Diploma in Business is recognized by ATHE. It is a UK government approved awarding body. After completion you receive a total of 120 credits that enable you to complete your postgraduate degree faster than you can imagine. Similarly if you opt for such a course from a government recognized body or an accredited awarding body then your chances for building a successful future are enhance considerably.
An Online postgraduate diploma in business management will enable you to fast track your Master in Management programme. As you will gain different business skills and knowledge during your diploma course, it will certainly prove to be an advantage when you pursue your MiM degree. Moreover, having a postgraduate diploma qualification along with your Management degree will add further value to your resume and increase your employability significantly.
In England and Wales, you can find a large number online postgraduate diploma programmes. These diplomas enable graduate students to pursue higher and advanced educational and vocational programme like MiM, as compared to bachelor level qualifications. Online postgraduate diplomas are considered to be at an equivalent level as a master's degree by the NQF (National Qualification Framework)or QCF (Quality and Credit Framework).
If you earn an Online Postgraduate Diploma in Business, it will not only facilitate your learning during your Master in Management programme, but it will give you an edge over your competitors in the job market.
What about the Institutes in US and UK?
The demand for the Master in Management (MiM) programmes is increasing steadily in the United States. Many leading institutes in the US like Babson College, Michigan Ross School of Business and Northwestern Kellogg School of Management are now offering MiM programmes to their students. The Tuck School of Business at Dartmouth is also planning to launch a programme for undergraduates who do not have any work experience.
However the market is still dominated mostly by European business schools. As UK business schools have a strong reputation and follow the higher standards of excellence, most students get enrolled in the MiM courses offered by them. Most of the institutes in the UK are trying to increase their reach by making such alternative business education programmes easily accessible to students. But American institutes are also trying their best to catch up.
Thus, to get the best benefit of your study it is vital that proper research must be conducted before embarking upon a course. You must try and find out how can you get the best out of a particular degree while saving your money and time at the same time. renowned educational institutions are including flexibility in all their programmes while introducing many new courses that aid the students completing their degrees not just faster but also efficiently.