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Where Should You Study Your Master In Management?

Unsure where to study your Master's in Management? We break down cost, quality, and career prospects for MiM programs around the world

Tue Nov 2 2021

Master in Management (MiM) programs are aimed at recent bachelor’s graduates with a maximum of two years of work experience, who wish to hone their leadership skills and kickstart their career in business.  

MiM degrees are clearly a great opportunity for recent grads, but does it matter where you choose to study your program? 

Here’s everything you need to know about what to expect in terms of program quality, cost, and career prospects for MiM programs across the US, Europe, and Asia.

Master in Management: program quality 

You can find high-quality MiM programs around the world, although the majority are in Europe, according to global Master in Management rankings.

Rankings are based on a variety of criteria including salary expectations, career progress, diversity, and value for money. 

17 of the top 20 programs in the Economist’s 2021 Master in Management ranking have a campus in Europe. That figure climbs to 18 for the QS ranking, and 19 for the Financial Times (FT) ranking.

When broken down by country, France dominates the rankings. Nine schools in the Economist’s top 20 are French, as are six in the QS ranking, and four in the FT’s. 

HEC Paris offers the world’s best Master in Management according to both the Economist and QS, while the FT ranks Switzerland’s University of St Gallen in top spot. 

Europe’s dominance over Master in Management rankings can be explained by the fact that the US has more long-established MBA programs, while Europe has more long-established MiMs. 

That said, MiM degrees are beginning to emerge in the US. In 2021, there were three US schools in the Economist’s top 20 MiM ranking, and two among the QS top 20.

Several Asian schools also offer high-quality Master in Management degrees. China’s Tsinghua University offers the 20th best MiM in the world according to the FT, while the Indian Institute of Management Ahmedabad is within the top 30. 

Master in Management: cost 

In Europe, studying a MiM program at high-profile schools like the UK’s London School of Economics, Spain’s ESADE, or Germany’s ESMT Berlin will cost you between $30,000 and $50,000. HEC Paris offers one of the most expensive programs, at $51,000. 

But you can also find much cheaper courses. The top-ranked University of St Gallen MiM only costs $10,800. At the Prague University of Economics and Business, ranked 14th in the world by the FT, you can complete a Master in Management for the small price of $8,900.

Asian schools are similarly affordable. A MiM program will cost you $25,000 at IIM Ahmedabad and $14,000 at Tsinghua, which is ranked highest for value for money among the FT’s top 25 programs.

Top-ranked schools in the US tend to be more expensive. Duke University’s Fuqua School of Business offers a MiM program for $57,500, and the MiM course at the University of Michigan’s Ross School of Business costs $55,000. 


Master in Management: career and salary impact 

MiM programs are a significant investment, but you can expect a strong return on your investment as Master in Management graduates go on to earn high salaries after graduation. 

The average ‘weighted salary’* provided by the Financial Times for graduates from the top 20 MiM programs is $93,529. This ranges from $92,190 to $139,978.

The school with the highest graduate salary is the Indian Institute of Management Ahmedabad. Grads from the school see an average salary increase of 42%.

In Europe, the University of St Gallen’s MiM alumni are the highest-earning, with an average weighted salary of $123,999. Graduates of the only US school included in the FT's ranking, Hult International Business School, earned an average of $69,181 three years after graduation.

Overall, MiM graduates see a salary increase of between 21% and an impressive 109% within three years of leaving the program. 

Demand for MiM grads is at its highest in Europe, where 83% of employers plan to hire from MiM cohorts in 2021 compared to 59% of companies in Asia and 46% of companies in the US.

It's common for grads to enter the consulting sector, with 44% of London Business School MiM grads and 35% of HEC Paris grads landing a job as consultants in high-profile companies like Bain, McKinsey, and BCG. 

But that’s not the only career path available. MiM grads also explore diverse industries like finance, healthcare, luxury goods, and the technology industry. 

MiM grads can get started in venture capital or private equity at companies like Goldman Sachs, or explore booming sectors like e-commerce and FinTech at tech giants like Amazon. 


There are high quality MiM degrees in Europe, the US, and Asia, and programs from each region offer grads competitive salaries and a variety of career paths.  

Programs in Asia tend to be cheaper, and will help you tap into a dynamic and growing market. MiM programs in the US are more expensive but are a great entry to the American business landscape. MiM programs in Europe are the most well-established, and demand for grads is at the highest level in the world.

There’s no right or wrong choice. Where you decide to study your Master in Management ultimately depends on how much you’re willing to spend on the course, how far you’re prepared to move, and your post-graduation ambitions. 

Whichever program you end up going for, you’ll gain a wide set of leadership skills, a far-reaching network, and a good return on your investment.


*average salary three years after graduation, adjusted for salary variations between sectors.

Student Reviews

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The people or the students are without a doubt Duke's greatest asset. While all students are driven to succeed, they are also enthusiastic about a variety of hobbies. You run across a huge lot of diversity. It is the ideal example of a school with well-rounded students and the ideal balance of campus life in a metropolis.




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All I could ever hope for is Duke University. That really epitomizes the "work hard, play hard" philosophy that elite colleges frequently pursue. Even though you'll have a lot of schooling to complete over the week, it's simple to keep focused because all of your friends are putting in similar amounts of effort. Many events taking place on and around campus on the weekends provide a great way to unwind. The combination of demanding academics and traditional college fun strikes the perfect balance.




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Living, eating, learning, and developing who you want to be as an adult are all fantastic at Duke. I participated in student athletics, and I couldn't have asked for a better interaction with the faculty and other students. I appreciate all of the help I get from the Duke community more than anything. Furthermore, the teachers take the time to get to know you, and the lectures are diverse and demanding (if you do the same). I'd give it a 10 out of 10.




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DU remains one the greatest and best universities that I have ever stepped in. The school is beautiful and neat. The classes are spacious and also very nice. I enjoyed attending my Lectures in those lecture halls. I also loved the Lecturers because of the good work they did. The university also has very good dorms that are given to students on first come first serve basis and they are affordable





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I received my B.S. in Biology and B.A. in Global Health with a minor in Chemistry from Duke University. I was able to grow as a student, scientist, and global health advocate with the help of my friends, professors, and other mentors I met along the way. A lot to learn if you look and ask, a great place to learn for those who want to learn.





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An amazing 2 years, with covid and everything else happening Duke has been a place of growth for me. The courses , classes were one of a kind, online and on campus. But the valuable lessons learned in the classes are irreplicable. The students are amazing here, so much diversity , I had no problem fitting in. The teachers are down right brilliant and so helpful. Don't be afraid to ask them anything. Graduated with my MBA with Duke and now my future awaits.




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Graduated with an MBA. The classes were very insightful and engaging. The staff are very easy to deal with. The teachers and students, are truly amazing people. Grateful to all the people I've met along the way at Duke. I've learnt a great deal that will help me in my future endeavors. The campus itself is a marvel, it is beautiful.




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I graduated with a masters degree in Religious Studies from Duke University. One thing I really liked about the university is its huge campus. It is spread in a large area with a lot of greenery and also have the facilities of reading rooms for single person also. My department building was very well taken care of. The library is immensely populated with books for all your needs. The faculty is very nice to students. The classes are equipped with latest technology to cater the needs of students. The University also provides room rentals for international students. They are very well maintained and priority is given to the International students for a comfortable stay there. There are weekly events conducted by the University as well as Student clubs for the entertainment of students. Anybody can take part in them and show their talents. I enjoyed my degree and I graduated in 2021 and was very happy that I had graduated from a reputed University.