People often ask whether investing in the MIM course is worth it or not. They always say that the cost of a MIM degree in the UK is something beyond imagination but that is a hoax. Well, investing in anything which gives you knowledge, happiness, and a sense of fulfilment is always worth it. In this article, you will learn more about the cost of studying for a MIM degree in the UK.
The cost of studying abroad, especially a Management course in the UK is even less than that in India. Universities like the University of Greenwich, Teesside University offers MIM programme under the range of 10-20 lakhs. However, studying MIM in the UK can be challenging. But don’t worry, here is a list of scholarships in the UK. Among which some are fully funded too.
In India, the total expenses for a management degree can go up to 30 lakhs for 2 years courses up to 45-50 for 1-year courses, whereas in the UK it will only take you just the half of it i.e 15-20 lakhs INR. In short, the MIM course is less expensive than an MBA course, it’s affordable. The costs may vary according to different colleges/universities and countries. But in this article, we will only be focusing on the UK.
Large companies in Europe tend to hire candidates possessing a MIM degree. That is why most of the population prefer studying MIM in UK universities. The UK government in collaboration with different organizations offers various scholarships for the master’s programme especially. The aspirants pursuing a MIM degree receive good placement and packages after their completion of the degree. Packages can go up to as high as $92,500 (salary depends upon role and industry).
Cost of MIM degree of few universities
- University of Greenwich – $24k ( INR 18.5 lakhs )
- Teesside University – $15k ( INR 10.5 lakhs )
Note:- Visit the official page of your desired university for full details.
Ways to reduce the expenses
- Through scholarships
- Cutting off extra expenses
- Choosing the university which offers the degree in a comparatively lesser amount.
- Through side hustle ( eg:- freelancing, part-time job etc )
FAQs
- What are the future scopes after doing MIM?
Ans. You can work with large global companies, MNCs in multiple roles (Project Management, HR, Business Development, Financial Analyst etc)
- How much does it cost to study MIM in the UK for an Indian?
Ans. In universities like the University of Greenwich, it can range from 15-20 lakhs.
- Is the UK good for Management studies?
Ans. The UK can be one of the best countries to study Management. Many of these business schools have licences from international organizations like AMBA or EQUIS.
- Is MIM a good degree?
Ans. Every degree has its own value. A MIM degree is of great importance if you’re someone who is looking forward to starting their career in Management.
- What is the average package of a MIM degree holder?
Ans. It can go as high as $92k ( 70 lakh ) depending upon the roles and company you are joining in.
- Can someone earn a good income with a MIM degree?
Ans. An average package of $92k in certain business schools tells you how much you can earn.