Thursday, April 24, 2014
 
Follow sptimesonline on Facebook Follow sptimesonline on Twitter Follow sptimesonline on RSS
MOST READ



PARTNER NEWS



BLOGS



OPINION

 

Перевести на русский Перевести на русский Print this article Print this article

MiM Offers an Alternative for the Ambitious

‘Employers are increasingly looking for emotional intelligence and social leadership potential.’

Published: February 26, 2014 (Issue # 1799)



  • A Masters in Management offers a fast track to business success for those unable or unwilling to pursue an MBA.
    Photo: Matt Buck / Flickr

With the effects of globalization creating a volatile and ever-changing business environment, it’s no surprise that this in turn has affected business education, in terms of both the value and popularity of certain qualifications. While the Master of Business Administration, or MBA, still remains the most recognized management credential, the number of students applying for the program has fallen in recent years in favor of a more accessible and affordable option — the Masters in Management, or MiM, degree.

Related: The Business of Education: The Education of Business

The recent surge in popularity for the MiM is especially evident in Europe. From the number of students who sat the Graduate Management Admissions Test, or GMAT, last year, 44 percent applied to MiM programs — an upswing of 23 percent from 2008. In Russia, growth last year was just as significant with 32 percent of GMAT applicants looking to complete a MiM — up from 17 percent in 2008.

Roland Siegers, executive director of CEMS, a global alliance in management education that runs its own MiM programs around the world, is not surprised by the figures. He believes that the MiM is on track to replace the MBA as the management degree of choice.

“Beyond excellent grades and proven intellectual capacities, which remain a must, employers are increasingly looking for emotional intelligence and social leadership potential,” he said, speaking to The St. Petersburg Times.

Related: Education U.K. Helps With Studying Abroad

“The MiM’s young graduates are increasingly being seen as an asset as they are not only university-trained generalists in management but are more willing to accept change and better deal with the evolving business market.”

The major difference between the two programs is the entry requirements. The MiM is immediately available to Bachelor graduates with little or no work experience whereas the MBA can only be undertaken after at least five to six years of experience. There is also a substantial difference in cost. The MiM is similarly priced to a Bachelor’s program whereas an MBA can cost up to twice that amount.

Pages: [1] [2 ] [3]






 


Times Talk

ALL ABOUT TOWN

Thursday, Apr. 24


Learn more about Denmark during the Danish Business Delegation’s visit to SPIBA this evening starting at 5:30 p.m. at the Danish Culture Institute. Danish Consul general Klaus Sorensen will be in attendance and the buffet following a presentation on Danish companies in Russia will be the perfect opportunity to network with the assembled businessmen.


AmCham’s Human Resources Committee Meeting is scheduled for 9 a.m. this morning in their St. Petersburg office. Check their website for more details.



Friday, Apr. 25


Light Music presents the main events for their Cultural Kitchen project at Loft-Project Etagi today. A B2B event that focuses on Finnish food, arts, travel, music and design, the evening will conclude with a dinner by chef Jyrki Tsutsunen and dancing to music by Aino Venna. The event, which began yesterday with presentations by tourism and cultural institutions, concludes today with a preview of Finland’s Flow festival and other musical events. Invitations are available from www.culturalkitchen.fi.



Saturday, Apr. 26


At 6 p.m. this evening, stylist Liliana Modigliani offers 50 simple ways to up your style quotient with beauty tips at the Galeria shopping center on Ligovsky Prospekt. The event is part of the final day of the shopping mall’s Fashion Saturday sales event, this week focusing on top brands located on the ground floor as well as presentation from fashion experts on sprucing up your spring look.



Sunday, Apr. 27


Families shouldn’t miss Childhood Planet 2014, the trade fair that started yesterday and concludes today at LenExpo. Not only will goods and services be provided for children and families but the event hopes to promote Russian brands and eco-friendly products using the latest technology available in the childcare industry.



Monday, Apr. 28


The Hotel Indigo will be the site of SPIBA’s Acting Skills for HR and Other Managers master class this morning starting at 9 a.m. The event will begin with coffee before moving on to the class itself and conclude with a tour of the recently opened hotel. Confirm attendance by Apr. 24.



Tuesday, Apr. 29


Improve your English at the British Book Center’s Interactive English Lesson tonight at 6 p.m. Students at pre-intermediate and intermediate levels are welcome discuss topics that are selected to help learners master the more difficult aspects of English grammar and vocabulary.