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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, its 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 MiMs 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 Bachelors program whereas an MBA can cost up to twice that amount.

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ALL ABOUT TOWN

Wednesday, Sept. 24


AmChams Human Resources Committee meets this morning to discuss Labor Market Trends in their office in the New St. Isaac Office Center on Ulitsa Yakubovicha. The meeting begins at 9 a.m.



Thursday, Sept. 25


Learn more about tax controls on prices at AmChams Taxation Committee Round Table Meeting this morning at 9 a.m. Vladimir I Golishevsky, Acting Head of the Transfer Pricing Department of the Federal Tax Service of Russia, will be in attendance to discuss amendments to the Russian Tax Code. Register in advance if you wish to attend by emailing all@spb.amcham.ru.


Today is the last day to check out Inventing Everyday Life. Part III: Street exhibition one of Manifestas parallel programs on at 36 Morisa Toreza Prospekt until 8 p.m.



Friday, Sept. 26


Feel yourself Spanish for a little bit at Spain Day, a celebration of all things Iberian this evening at the Derzhavin Mansion in the city center. Speak Spanish during the open classes, practice your footwork on the dance floor to the sounds of flamenco music or chow down on paella while learning more about the countrys culture.



Saturday, Sept. 27


Local KHL team SKA St. Petersburg welcomes Vityaz from the Moscow region this afternoon at 5 p.m. in a Western Conference showdown. Tickets are still available to the match and can be purchased on the teams website, at the arena or in their merchandise shop on Nevsky Prospekt.


Let Biblioteka restaurant on Nevsky Prospekt teach your children how to be proper gentlemen and ladies during Etiquette for Children, a class for children five to 11 years of age that promises to help them become the cream of society. The class starts at 5 p.m. and costs 600 rubles ($15.60). Call 322 2526 to reserve a spot for your child.



Sunday, Sept. 28


For something different, head to the African Pride Event being held by Nicks Walkabout Tours, who have also helped bring African tribal leaders for the celebration. Check Vkontakte for more information.



Monday, Sept. 29


Experience Baltic culture through the medium of drama during the Baltic House Theater Festival, which starts on Sept. 25 and continues through Oct. 13. Not only are some of the regions most famous dramatic works planned for production but the event acts as a creative laboratory for a future generation of dramatists. Check the events website for more details about the festival.



Tuesday, Sept. 30


Local neo-pagans invite all worshipers to the dedication of a new Heart Tree in Sosnovka Park, Gods Wood. 4 p.m.


The second MIFIC Expo begins today at Lenexpo, providing an interactive platform for industry experts and manufacturers. Accessories, surfaces and interior decoration materials are just some of the things that will be available for perusal at the expo, which runs through Oct. 2.



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