USC Marshall | Mr. Supply Chain Guru
GMAT GMAT Waiver, GPA 2.6
London Business School | Mr. Engineering To IB
GMAT 770, GPA 3.43
London Business School | Ms. Private Equity Angel
GMAT 660, GPA 3.4
London Business School | Mr. Soccer Club
GMAT 730, GPA 3.3 (85th Percentile), First Class Standing.
London Business School | Ms. Audit Meme
GMAT 710, GPA 3.5
Stanford GSB | Mr. Healthcare AI
GRE 366, GPA 3.91
Chicago Booth | Mr. Corp Dev
GMAT 730, GPA 3.34
Chicago Booth | Mr. Non-Profit Latino
GMAT 710, GPA 3.06
INSEAD | Ms. Social Business
GMAT 750, GPA 4.0
Harvard | Ms. Risk-Taker
GRE 310 (to retake), GPA 3 (recalculated)
HEC Paris | Ms. Freelancer
GMAT 710, GPA 5.3
Harvard | Mr. Hedge Funder
GMAT 790, GPA 3.82
Harvard | Mr. Fresh Perspective
GRE 318, GPA 3.0
Kellogg | Mr. Danish Raised, US Based
GMAT 710, GPA 10.6 out of 12
Harvard | Mr. Green Energy Revolution
GMAT 740, GPA 3.4
Harvard | Mr. MPP/MBA
GRE 325, GPA 3.6
Harvard | Ms. Analytical Leader
GMAT 760, GPA 3.9
Stanford GSB | Mr. MBB to PM
GRE 338, GPA 4.0
Stanford GSB | Mr. Technopreneur
GRE 328, GPA 3.2
Berkeley Haas | Mr. Hanging By A Thread
GMAT 710, GPA 3.8
London Business School | Mr. College Dropout
GMAT 690, GPA NA
Harvard | Mr. MBB Latino Engineer
GMAT 710, GPA 3.75
Stanford GSB | Ms. Top Firm Consulting
GMAT 710, GPA 3.7
INSEAD | Mr. Truth
GMAT 670, GPA 3.2
INSEAD | Mr. Powerlifting President
GMAT 750, GPA 8.1/10
Harvard | Mr. Mojo
GMAT 720, GPA 3.3
Ross | Mr. Law To MBA
GRE 321, GPA 3.77

Tuck Considering A One-Year MIM

Tuck School Dean Paul Danos is the longest-serving dean of any highly ranked business school. (Photo by Joseph Mehling)

Tuck School Dean Paul Danos is the longest-serving dean of any highly ranked business school. (Photo by Joseph Mehling)

DANOS SAYS A MIM WILL NOT CANNIBALIZE A TWO-YEAR MBA PROGRAM

Would a one-year Masters in Management program siphon off a chunk of candidates who would otherwise go to a full-time MBA program? Danos doesn’t think so. “I see no cannibalization for the top programs,” he says. “Let’s say half of the graduate students that go into business take it right out of college. There still will be a ton of people who will not make that decision right away, including people with degrees in engineering and the sciences. We don’t make the market. We would just be taking a few hundred out of it. I don’t think it will affect the full-time MBA market very much. I still think they will have the appetite to come back and take the full two-year MBA.”

What’s in a typical MIM curriculum? At Kellogg, students are taken through nine required courses in lockstep as a cohort. Then, students choose three of four courses to finish up the degree in a ten-month run between mid-July and mid-May the following year. The required curriculum is fairly basic business essentials, from Accounting for Decision Making and Business Analytics to Leadership in Organizations and Business Strategy.

MIM DEGREES AT TOP SCHOOLS DON’T COME CHEAP

The school also puts significant emphasis on career development, assigning students career coaches to help them define a career path and connect with potential employers. The initial program is open only to Northwestern undergraduates and recent alumni, but is expected to be expanded to allow others to participate as the school gains experience with the program. The program also qualifies graduates for Kellogg’s one-year MBA program which is available to those who already have an undergraduate degree in business.

Duke’s latest class of Master of Management students numbers 110 with an average age of 23. Compared to regular MBA programs, a higher percentage of the class tends to be female, at 43%. The class has an average GMAT of 660 and an average undergraduate grade point average of 3.4. Duke actually has two Master of Management programs: one that is entirely domestic and another with the final two terms and graduation at Duke Kunshan University in China. At the front end of the program, all the students are blended together in a single cohort and spend the first three terms on the university’s main campus in Durham, N.C.

Ross has priced its ten-month Master of Management program at $46,000 for non-residents and $41,000 for residents. Ross is telling applicants that their GMAT score should range between 650 and 720 to get into the program. Though there is no minimum GPA, Michigan says that it expects most admitted students to have GPAs of 3.2 or above.

The actual costs of the programs can run quite high at prestige schools. Notre Dame’s Mendoza School charges tuition of $42,600, but tells students to budget another $12,335 for room and board and $2,400 for books and supplies. Once you tote up all the extra fees, the cost of its Master of Science in Business comes to $67,650.

Over the past five years, the biggest percentage increases in specialized master’s programs have occurred in Europe. AACSB says enrollment has grown 49%–roughly by 13,079 students–while the number of candidates studying for an MBA degree has also grown in Europe by 7%, or 2,646 students. In Asia, where MBA enrollment is up 19% in the past five years, students in specialized master’s programs have risen by 21%, or 1,460 students.

A Sample of U.S. Schools Now Taking Applicants For MIM Programs

School                          MIM Programs                                                Tuition  Start Date  End Date
Northwestern (Kellogg)Russell Fellows Program$45,000JulyMay
Duke (Fuqua)Master of Management Foundations of Business$47,200JulyMay
Michigan (Ross)Master of Management$46,000JulyApril
Notre Dame (Mendoza)MS in Business$42.600 NA NA
Babson College (Olin)MS in Management$46,500SeptemberJune
Arizona State (Carey)Masters In Management$38,310 NA NA

DON’T MISS: GUIDE TO THE BEST SUMMER BUSINESS PROGRAMS  or TAKING CARE OF BUSINESS DURING THE SUMMER

 

 

 

About The Author

John A. Byrne is the founder and editor-in-chief of C-Change Media, publishers of Poets&Quants and four other higher education websites. He has authored or co-authored more than ten books, including two New York Times bestsellers. John is the former executive editor of Businessweek, editor-in-chief of Businessweek. com, editor-in-chief of Fast Company, and the creator of the first regularly published rankings of business schools. As the co-founder of CentreCourt MBA Festivals, he hopes to meet you at the next MBA event in-person or online.