Many prospective students wonder: what’s the difference between LSE’s two Master’s in Management programmes? Global Masters in Management student Mitali Chordia offers her advice, with inputs from Janice Shwetha Jacob (Master’s in Management) to help you decide.
Anyone looking at graduate programmes offered by the Department of Management quickly notices that there are two Masters in Management. And, since the only things differentiating the two are the word “Global” and their duration (written surreptitiously in parentheses) of one and two years. So, as a current student at the Global Masters in Management (GMiM), let me present to you my wholly unbiased perspective on the difference between the two. Janice Shwetha Jacob has also provided some insights from Master’s in Management – after all, this has to be a fair test…
The cohorts of both the one-year Masters in Management (MiM) and GMiM are pretty similar. Both classes have roughly 90 students ranging in age from about 20-26. While many of my classmates have worked for a year or more, there are many recent graduates as well. So in this respect, both programmes are pretty similar.
The most obvious difference between GMiM and MiM is the exchange term. While both programmes offer international perspectives through diverse cohorts from across the world, students on the two-year GMiM programme have the option of pursuing either the CEMS or MBA Exchange streams, allowing them to spend Michaelmas Term of their second year at a business school outside the UK.
That said, MiM students also gain international exposure through a study trip that they will take after the summer term. This year’s class is planning a trip to Berlin!
The highlight of my first term in GMiM has been a module called Foundations of Management. Here, we learn about and discuss concepts fundamental to management, reading the original works (rather than summaries) by luminaries such as Chandler, Taylor, Mintzberg and more. These theories are then examined through the lenses of other social sciences and their relevance in managerial practice today is discussed.
Due to the faster pace of MiM, students are taught more analysis and application from the very beginning with courses such as Managerial Finance and Marketing Management. So if you’re more interested in quickly gaining the tools of the trade, you might be better off choosing MiM.
One of my major reasons for selecting GMiM was the level of customisation it offers. While MiM has a balanced structure covering finance, marketing, economics and more, the short duration means that there is less scope for pursuing electives (two, but you could always audit more if you have the time and inclination). On the other hand, with GMiM, you take five or six electives at both LSE and your exchange school. But even if crossing national borders on an educational exchange isn’t your thing, you can stay on at the LSE and choose to specialise— and your degree certificate will reflect this.
Trust me on this: LSE has a plethora of electives to choose from. Being a management student, you could potentially take an elective in applied mathematics, pricing strategy or anthropology. The Department of Behavioural Sciences even offers a highly acclaimed course on Happiness!
As you can see, both MiM and GMiM are excellent programme choices which are sure to transform your management skills. Students from both programmes have similar career aspirations and opportunities available to both are the same. Ultimately it all comes down to a trade-off between how much learning you wish to do versus how quickly you want to (re)enter the workforce. And only you know the answer to that!