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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, 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.

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Thursday, July 10


Enjoy the Orchestra and Chorus of the Teatro Regio Torino as they perform a free concert this evening in the Great Courtyard of the Winter Palace at 9 p.m.



Friday, July 11


Yevgeni Grishkovetz, a famous Russian author and director, will present his new book, “Pain,” at 7 p.m. in the Bukvoed book store at 46 Nevsky Prospekt.


Explore the mysterious Petrograd side of the city during today’s English-language guided tour. The trip starts at 7:45 p.m. at Gorkovskaya metro station. The price is 250 rubles ($7).



Saturday, July 12


Russian culture will be the focus of today’s Neva Rus Festival. Starting at noon, St. Petersburg’s 300th Anniversary Park will be a venue for a round dance master class, hand-to-hand fighting, folk music concerts and a traditional handicraft fair.


Visit today’s ShubaShorti urban flea market, where everyone can buy, change or just have for free various vintage knick-knackery, clothes and books. The event starts at noon at the Uppsala Circus at 44 Sverdlovskaya Naberezhnaya.


The 3rd International Opera for All Festival opens this evening with a free performance on Cathedral Square in the Peter and Paul fortress at 7 p.m.


The Tsunami Picnic Car Festival will allow visitors to see hundreds of exclusive cars outdoors and to watch races featuring professional drivers. The event will take place in the town of Sestroretsk at noon.


Coffee lovers will be able to try hundreds of different kinds of coffee and enjoy baristas’ shows as well as live music during Coffee Day in the Cultural Space Salon at 11 Bolshoi Kazachy pereulok.



Sunday, July 13


Starcon, a festival dedicated to science fiction and innovation, plans to lure visitors by exposing them to the best video games and comics as well as holding lectures on new and exciting technologies. The event will take place at Lenexpo, 103 Bolshoi prospect on Vasilievsky Island, at noon. The entrance fee is 850 rubles ($23).



Monday, July 14


More than 30 young artists will present their work including sculptures, painted skateboards and graffiti, during Boards & Paint, which will run through Aug. 3 at Loft Project Etagi, 74 Ligovsky Prospekt.



Tuesday, July 15


Be amazed by 50 life-sized moving dinosaur models at the Dinosaurs Show, the world’s largest such exhibition, which will be at Lenexpo on Vasilievsky Island until Sept. 21.



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