Master in Management degrees vs MBAs: No experience required

OF ALL the questions prospective business-school candidates ask, the most common is the most basic: whether or not to take an MBA. That decision often rests on whether such a costly degree will boost their careers. In that regard, a year-end poll of big employers by GMAC, a business-school body, released earlier this month, was full of positive news. Fully 75% plan to hire MBAs this year, an increased proportion compared with 2015. But look deeper at the intentions of companies across different parts of the globe, and a more nuanced view appears. MBAs remain popular, but so too are other business degrees.

A third of global employers polled by GMAC said they plan to hire candidates holding a Master in Management (MiM)—a pre-experience qualification that can cost less than half of an MBA, even at the same business school. Both MiMs and MBAs are generalised business degrees, and there is much overlap in what they teach. Master in Management students, though, generally spend more time on team projects, while MBAs tend to devote more time to case studies. 

MiMs are especially popular with European firms, 57% of which said they would hire a graduate from such a programme this year. There are two possible reasons for this, reckons Gregg Schoenfeld of GMAC, who wrote the report. One is tradition: the Master in Management is often thought of as a European concept, and so firms there are more familiar with it (particularly compared with America, where just one in four employers plan to hire such graduates). However European businesses may be also affected by wider economic currents. In the same survey, European firms said they were also more likely to maintain, rather than increase, the number of employees they expected to hire. American companies were more bullish about their employment plans. MBAs don't just cost students more. As graduates are generally older and more experienced, they also command higher salaries. So squeezed European firms, looking for better returns on their euros, may be trying to capitalise by hiring less experienced candidates that they can develop in-house.

The degree also seems to be more popular among firms that don’t traditionally recruit from business schools. Among companies that didn’t hire a single business-school graduate last year, but may do this year, twice as many said they would likely plump for a Master in Management candidate rather than an MBA. Mr Schoenfeld has a theory about this too: employing MiMs provides a way for firms to dip their toe in the water. “They haven’t hired these business degree-holders in the past, but have perhaps seen their competitors do so and now outperform them,” he says. “They’re trying to get that talent to help their businesses grow.”

There is an important caveat to these statistics. GMAC polled employers about their intentions in November, before markets took a significant downward turn. Bullish forecasts by employers may have turned bearish in the intervening months since they were asked about their hiring plans for 2016. And perspective is required: employers are still twice as likely to hire a person possessing an MBA than one holding a Masters in Management. But much more turmoil and more employers may see the virtue in cheaper, less experienced, candidates. 

Readers' comments

Reader comments are listed below. Comments are currently closed and new comments are no longer being accepted.





I really enjoyed some of the information that has been written on this blog, and some of the comments umroh ramadhan that have been posted! I'll bookmark for a return visit and see the information more useful. I thank you for you have made a huge post informative .. successful greeting


In Italy a MiM is fine, perhaps because to have cheap management resources (for logistics, operational research, project management) than MBA is important for the typical Italian company (small- medium size). my 2 cent


First of All I relly happy to know this information.. It's very useful and very interresting Information. Even I can not undrstand whole the in formation cuse of my Ulimited languange in english . Any way Master in mangement is a tiitle that looked for many people in the world. and We as a Travel companies that Provide
umroh ramadhan 2016 | umroh Desember 2016 was supposed it tobe an employee as a master degree to make the copany grow grow and grow


Degree in a college education is now the target of the students. They learn to bend over backwards to mendpatkan end their dream degree such as an MBA, MSc etc. ..
Whatever the actual title does not matter as long as it can be applied in society would be much more helpful. What it means to have a high degree but it does not mean in the community.
For those who want information about Paket Umroh April 2017 Murah | Info Umroh Ramadhan 2016 Murah | Info Umroh Plus Turki 2016 Murah contact me yes ..semoga be synergies for degree seekers

harry olson

I studied fluency mechanics and I was always interested in continuing to study for the MBA degree, and the subject you have presented can be an unrivaled opportunity for me.
خدمات سئو


Advertisement feature


Products and events

Take our weekly news quiz to stay on top of the headlines

Visit The Economist e-store and you’ll find a range of carefully selected products for business and pleasure, Economist books and diaries, and much more