IE’s own Professor Martin Boehm was quoted in a recent article published in Gulf News that focused on the rapid growth of new business degrees apart from the MBA, while highlighting the Master in Management degree. Faculty interviewed in the article point out that business schools are creating these programs in order to impart business skills for a variety of professionals with different needs and at different stages in their careers.
As Prof. Boehm stated, in recent years European business school have tended to focus on three levels of business education, with the EMBA for very experienced professionals with over 15 years of experience, the MBA for experienced professionals, and the MIM for students with 0-3 years of experience looking to get a head-start on their professional goals. Although a significant majority of schools offering top-ranked MIM programs are in Europe, business schools in North America, including Duke´s Fuqua School of Business in North Carolina, and Asia and the Middle East, including the SP Jain Center of Management, which has campuses in Singapore and Dubai, are both offering a degree for young professionals and pre-experienced students. Experts agree that the Master in Management degree is not a substitute for an MBA, nor should it be seen as a “junior” MBA; but rather, it is a degree that imparts fundamental business and management skills rather than focus on delivering a general business education to fill in any gaps.