What are the entry requirements for a Masters in Management?
Typically, institutions ask for at least a 2:1 at undergraduate level in any discipline. This means that even if you come from an Arts or Social Sciences background, you can apply for a MiM. Whichever subject you studied for your Bachelors degree, you’ll need to prove that you’re highly numerate and business-savvy.
The fact that MiMs are open to undergraduates from all areas is partly why some providers suggest that candidates complete the Graduate Management Admission Test (GMAT) to boost their application. Used by many business schools, the GMAT is designed to measure quantitative, analytical and reasoning skills.
Another common MiM entry requirement is that applicants have graduated in the past few years. These programmes aren’t necessarily geared towards people with a lot of work experience, and are instead aimed at recent, ambitious graduates who want to kick-start their careers.
How much does a Masters in Management cost?
There’s no standard tuition fee for an MiM, but courses are typically more expensive than the average Masters degree. By contrast, you will likely pay at least £10,000 for a MiM if you’re a UK/EU student. Meanwhile, the most prestigious and competitive courses charge fees in the region of £30,000 for both UK/EU and international students.
These fees may seem high, but it’s worth bearing in mind that MiMs are often much cheaper than the MBAs offered by each university. For example, an institution may charge around £13,000 for its MiM, but as much as £40,000 for its MBA.
What funding is available for Masters in Management?
Many universities offer generous scholarship programmes for successful applicants, so it’s always worth checking if you’re eligible for these.
UK students can also apply for a government-backed postgraduate loan to help with your tuition fees and living costs. For more information, read our guide to postgraduate funding.