Moving abroad to study a master’s degree is a big decision and many people ask themselves whether a master’s in management is worth it. Sure, the degree helps you gain significant knowledge of the management consulting sector and an understanding of the most up-to-date problems in the business world. You'll learn about consulting procedures and techniques and develop a variety of transferable skills. But it’s a big investment of time and money, so you need to make sure that it’s the right choice for you.

An MiM gives you a solid understanding of the main theories and techniques utilized in management consultancy through a balanced schedule of academic and practical study. You'll concentrate on developing the knowledge and abilities that will help you in a future career as a consultant or internal management practitioner in many different companies. A combination of case studies, workshops, and group projects will build your skills and competencies.

The course concludes with a consultancy project, where you'll engage in applied fieldwork and have the chance to collaborate with a third-party organization or academic research centre. This is a real-world opportunity to learn about the mechanics of consulting work and gain an understanding of the professional and ethical issues it entails.

What can an MiM graduate do?

Of course, once you finish your master’s, you’ll want to get out into the working world, but finding employment in a prestigious consulting firm is not easy! Many MiM graduates dream of working for one of the Big Four accounting firms — PwC, Deloitte, Ernst & Young, and KPMG — but competition for jobs at these companies is fierce. Last year, the majority of MiM graduates from London Business School were employed by global management consulting firm, Kearney, while others found jobs at McKinsey, The Boston Consulting Group, and A.T.

Some of the top business institutions in the world even offer specialized master's degrees in consulting to give prospective applicants a competitive edge. The curriculum gives students a firm foundation in business ideas such as organizational leadership, strategy, and finance.

Master’s in Management vs MBA

Is an MiM better than an MBA? Although both classes cover a range of business topics and fundamental business ideas, the MBA is usually designed for students who have had some job experience; for those who have little to no work experience and are recently out of college, the MiM provides more of a boost. It also has a shorter completion time, so can help people get on the career ladder faster.

Is a Master’s in Management the right choice for you?

The corporate world can be thrilling, difficult, and unpredictable. Strong managerial skills are highly sought after to guide teams through challenging situations and make the most of new opportunities. Students pursuing an MiM degree gain a wealth of managerial and leadership abilities as well as participate in internship and practical activities, without needing prior experience in business. If you want to hone your marketing, financial, and supply chain management skills, and use them to help give organizations a competitive edge in a global market, then a Master’s in Management could well be a good option for you.

Also read: IMPERIAL UNIVERSITY INTRODUCES A UNIQUE DEGREE IN FINANCE, ECONOMICS, AND DATA SCIENCE.