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London Business School Masters in Management (MiM) vs. MBA

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London Business School Masters in Management (MiM) vs. MBA

by oov » Wed Sep 08, 2010 7:11 am
Hi all,

I was looking at possible education opportunities and found the London Business School's Masters in Management (MiM) program, which look like a good fit for me since it's designed for recent graduates with less than 1 year of work experience.

- Graduated from a Top 10 Engineering school with a B.S. in Chemical Engineering / Minor in Economics with a 3.19 GPA
- Was heavily involved with student consulting teams, case competitions, and business clubs throughout undergrad despite my engineering degree (started out wanting to do engineering, eventually had a change of heart and wanted to do consulting)
- Currently working at a small IT consultancy specializing in energy companies with less than 1 year of experience

Is the Masters in Management program actually worth it? I believe it isn't really a substitute for a MBA program, but London Business School is one of the top business schools in the world and having that on my resume would be absolutely nice. Then again, it is a major investment (~35k USD) and I'm not sure if I would go for an MBA if I completed the program, which would be another 40-50k USD. Or, should I just wait a couple more years and apply for an MBA?

If it is actually worth it, what are my chances of getting in? I know my 3.19 GPA is a little low (but it is an Engineering GPA), but I'm hoping that my 740 GMAT would counter that.

And lastly, LBS is requiring 2 letters of recommendation. Given that I've been working for 2-3 months, it seems a little weird to ask my supervisors for letters of recommendation. How should I spin it so they would give me an honest evaluation? And if I don't get in, I have a feeling they would act differently around me after asking for letters of recommendation. What should I do then?

Thanks!
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by voodoo442 » Sat Sep 11, 2010 3:09 pm
I m a Masters in Management Candidate @ LBS and i can vouch its totally worth it !.My Profile , background and interests are very similar to yours. An Honours degree in Engineering with a GPA of 3.1 and a GMAT Score of 750.

You can go to www.mymimapp.com for researching more on LBS MiM !
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by Abhyank » Sun Jul 05, 2015 1:32 pm
I understand this answer comes late, but i hope it will help others who are having the same questions about their profile.

Well i am a current student of ESCP, but i think the profile to get into any of the top ranked MiM schools is almost the same so ill give you my 2 cents:

1) Well the MiM is marketed as a degree for people with no or relatively little work experience, but from what i have experienced most of the international students who come for the degree have at least a year or more of work ex, this sometimes goes up to 3 years in some cases. What you have to understand is that once we do a MiM we do not plan to do an MBA, the course is almost the same and you get a pretty good push in your career.
So coming back to the question a little work experience is a plus, may it be internships or a full time job. If you have worked for big companies the brand name helps, if not then also fear not as it all depends on how you explain the job you did and how interesting you can make it.( I worked as a electrical engineer for an Indian construction material mfg. company, so i have some experience of polishing things up ;)

2) Well a high GMAT score is absolutely essential. Most school including LBS have a median score of 710. But if you have a score of 680+ and a strog profile, that gives you a fighting chance.

3) Your academic background also matters, most schools want an ideal mix of engineers, economic, arts etc students so if you have a different background it helps, as it adds diversity to the whole school mix and scores good points on the international ranking scene. Here your nationality can also help, especially you are from one of those countries from which there are relatively lower number of foreign students studying abroad.

4) Your academics play a decent role, a high CGPA shows that you are a consistent performer, but i know many people who have lower CGPA's but still score an admit. So it depends on how you explain your marks and whether you have a viable alibi for it. Also colleges know how hard it is to score top grades in certain UG colleges of the world, so they accordingly scale the marks and evaluate you. So no worries about that.

5) Extra curricular, well this is something i believe really helped me gain an admit in many colleges, and is something schools are very favorable towards. They love people who are different and have done something which makes them stand out from the crowd. It may be related to sports( a national level archer), school associations ( president of some XYZ association),an interesting hobby (completed a course in handwriting analysis), Volunteering work etc. So i hope you get the point.

Well all these things have to be clearly explained to the school admission committee in your Resume and your Essays. Many people think that having a GMAT score is enough, but that's just the tip of the ice berg and is only one of the first screening techniques used by schools. An excellent, creative and well written essay or set of essays which showcase your multitude of talents is absolutely necessary!
Only by looking good on paper do you have a chance to be called for an interview and then actually explain all that you have already written about. You can check out @MiM Essay Editing Service , for some pointers about how to write your essays.

A Letter of Recommendation is also very important as it acts as a 3rd person certification of your exploits and gives the admission panel a view of your character from the eyes of somebody else. A lot of people don't give the LOR due attention and send half a page, poorly written LORs, this can be a strong cause for the demise of their application. So a well written LOR clearly explaining your strengths and describing experiences is absolutely essential.

and yes of course you have to ace the interview too ;)

So a well knitted culmination of all these lands you an admit into LBS and any other top school for that matter.

Hope this helps.
Check us out at https://www.mim-essay.com/what-is-the-mim-.html for more information about the Masters in Management degree and to get a personal profile evaluation and gauge your chances at LBS and beyond.

Also if you are having doubts about if the program is worth the money and time commitment, well then i have to say that the MiM was the best thing that happened to me, and i am sure my fellow students will say the same thing. This degree will give you amazing opportunities and really launch your career in management. The MiM is very similar to the MBA and the job prospects are great! So you can go for it without a second thought.

Regards,
Abhyank Srinet
Founder and Head Consultant at MiM-Essay.com

97% Success Rate| 7000+ Admits in Top Schools| 10 Million Euros in Scholarships

Want to 3X your chances of selection? Book a consulting call here:
https://www.mim-essay.com/book-an-appoi ... rm/?btgmat
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by Michael@VeritasPrep » Sat Sep 12, 2015 1:37 pm
I recommend a FT MBA. It will be far more flexible and open up more opportunities than a MiM. For the MiM program, be really certain which companies recruit there and what kind of job you will get. What is the starting salary from that program? Do you have access to a good career center?
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