MIM Colleges in UK: Courses, Fees & Requirements

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Shikha Kumari Study Abroad Expert
Updated on Jul 22, 2022 14:55 IST

Masters in Management (MIM) is a postgraduate degree for students with a background in management, information or related field. The MIM degree is designed to provide graduates with the skills and knowledge required to work in the management sector. It also provides students with an understanding of how systems can be used to support decision-making and business processes. MIM graduates are able to apply their skills across industries, including government, finance, healthcare, retail and manufacturing. They are also well-placed for careers within the corporates or startups.

Masters in Management (MIM) in UK Highlights 

Total number of MIM Colleges in UK 

135+ Approx

MIM Cost 

Tution fees INR 20.02 Lacs Approx + Living expenses INR 6 Lacs Approx

Top Specializations

Accounting, Marketing, Analytics, Finance, Entrepreneurship, Business ethics 

Admission Process 

2-3 years of full-time work experience + Bachelor's degree or equivalent + GMAT scoreIELTS score + 2-3 Letters of RecommendationStatement of Purpose 

Top 10 Masters in Management (MIM) colleges in UK 

The list of top 10 colleges in UK for Masters in Management (MIM) according to QS World Ranking for Business and Management is as follows: 

University 

QS World Ranking 

London Business School

2

Imperial College Business School

10

London School of Economics

16

Warwick Business School

19

Manchester (Alliance), University of Manchester

27

Cranfield School of Management

28

University of Edinburgh Business School

35

Durham University Business School

54

Bath School of Management

59

Lancaster University

60

(Source: QS)

Masters in Management (MIM) Cost or fees in UK 

The average cost to study Masters in Management in UK is INR 20.02 Lacs for 1st year depending on the institution. There are several institutions that offer masters degrees at a lower price as well. Along with the cost of study, you also need to take living expenses into consideration which is around INR 6 Lacs for a year. 

Student Visa Cost for UK 

A student visa is a type of visa that allows people from outside the UK to study in the UK. The cost for a student visa depends on the type of visa you need. There are additional charges if you need to submit supporting documents, such as an English language test certificate or police clearance certificate. The cost for a Tier 4 (General) Student Visa is £348 (Approx. Rs 34,149). This fee covers the cost of processing and administrating your application.

Masters in Management (MIM) Requirements for UK - Eligibility criteria 

The eligibility criteria for Indians to study a Masters in Management in the UK are as follows:

  • Bachelor's degree or equivalent from an institution recognized by the government.

  • An undergraduate degree that is relevant to the course of study.

  • Overall IELTS score of 7 or above, with at least 6 in each skill band, including speaking and listening skills.

  • Valid passport and visa for the duration of their studies in the UK with no restrictions on their length or type of stay.

  • Must be able to demonstrate sufficient financial resources

  • Academic scripts + Statement of Purpose + 2-3 Letters of Reference + CV

Work Permit after Masters in Management (MIM) in UK 

To be eligible for a work permit, you must have a valid passport and an offer of employment. The UK post-study work visa allows international students to work in the UK for 2 years after completing their graduate education. The new Graduate Employment route, which is a post-study work visa for students on Tier 4 visas, allows for this. Students must apply for the Graduate Route before their Tier 4 visa expires.

Masters in Management (MIM) Scholarships in UK

The Masters in Management scholarships are offered by many universities including Cambridge, Warwick, Oxford, Imperial College London and LSE. The scholarships cover tuition fees, accommodation and living expenses as well as a stipend. 

The UK Government offers scholarships to international students who wish to pursue a masters degree in management. The scholarship is available for applicants from India, Pakistan and Bangladesh. The following are the names of some of the scholarships: 

  • Commonwealth Scholarships

  • Overseas Research Students Award

  • International Postgraduate Awards

  • British Council Scholarship

  • Masters in Management Merit Scholarship for London Business School 

  • Cranfield Scholarship

  • School of Management Scholarships

  • Great Scholarships

  • Strathclyde Business School Masters Scholarship for International Students

Masters in Management (MIM) Jobs and Salaries in UK 

Marketing is a profession that has emerged as a result of the need for marketers to be able to tell their story more effectively. MIM salaries vary depending on the degree of experience, qualifications and location. According to Payscale, the average salary for MIM professionals in UK is £40,000 per annum with junior level professionals earning £20,000-£25,000 annually. There are different types of jobs that you can take up such as marketing manager, management consultant, project manager, digital marketing manager, business development manager, etc.  

Top Recruiters for Masters in Management (MIM) in UK 

The UK is a popular destination for management graduates who are looking to work in the field. The country has some of the best universities in the world and offers a diverse range of opportunities to management professionals. 

??The following are the top recruiters for management graduates:

  • PwC

  • Deloitte

  • KPMG

  • Accenture

  • IBM

  • McKinsey & Company

  • Bain & Company

  • Elixirr

Masters in Management (MIM) in UK FAQs 

Q. What is the cost to study Masters in Management in UK?

A. The cost of Masters in Management varies depending on where you study and what type of course you are looking for. The average cost of a masters degree in UK is around INR 20 Lacs for a year. 

Q. How do Masters in Management prepare the students for worklife?

A. Masters of Management degree is designed to provide students with the knowledge and skills to be successful managers. The course can be taken on a part-time or full-time basis. Students will study leadership, management, organizational behaviour and human resource management. They will also learn how to apply these skills in the real world through a range of case studies, guest lectures and workshops.

Q. What are the benefits of studying for a Masters in Management degree?

A.The course will give students an understanding of different management approaches and theories as well as teaching them about leadership styles and strategies for managing people at work. It will also give them practical experience through various workshops, projects and case studies. 

Q. What is the duration of an MIM degree?

A. It usually takes one year to complete. The course can be studied full-time or part-time and is designed for students who want to pursue a career in management.

Q. What is the difference between Masters in Management and MBA?

A. Masters in Management is a postgraduate qualification that typically lasts one year. The course focuses on leadership skills and management, including business strategy, organizational behaviour and human resource management.

MBA stands for Master of Business Administration and is a postgraduate degree that typically lasts two years. This course focuses on the skills to become an effective leader, manager or entrepreneur in any industry.

Q. What are the entry requirements for Masters in Management?

A. Entry requirements vary depending on which university you are applying to but generally include a 2:1 degree or higher from an accredited university with an offer of at least 60 credits at Level 7 or above. You should also have relevant work experience of at least 1-2 years.

Q. What are the disadvantages of taking a Masters in Management?

A. It is important to consider how much time and money it would take to complete the masters degree. 

Q. What qualifications do I need for a Masters in Management?

A. For Masters in Management, students should be able to demonstrate strong abilities in general management. This might include practical experience and leadership skills. Universities will also require students to have an undergraduate degree in business or other related field.

Q. What are the important programme modules for MIM ?

A. The programme offers a wide range of modules, including:

  • Management and Leadership

  • Strategy and Strategic Management

  • Organisational Change

  • Economics for Managers

  • Human Resources Management

  • Marketing Management

  • Financial Analysis

Q. What are the most popular colleges that offer MIM?

A. Master's degrees in management are offered by many universities in the UK. The following are some of the most popular ones:

  • University of Cambridge
  • London School of Economics and Political Science
  • Imperial College London
  • University of Oxford