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32392
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4 years
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21960
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23710
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23710
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25890
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27540
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dunedin, New Zealand
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1 years
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27600
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27600
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27600
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Feb, Jul
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27600
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Feb, Jul
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2.5 years
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40400
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41400
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41400
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44000
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44000
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quebec, Canada
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2 years
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34920
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Band 6.5
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Sep, Jan,may
Updated on - November 10th 2019 by Rachit Agrawal

Overview:

We live in the age of computers, programming, applications, technology, all buzzing around in the air everyday in newspapers, media, television and our minds. This buzz sometimes leads to chaos. This chaos can be controlled by managing it, filing it, organising it and implementing it, for utmost productivity. This helps the organisation to flourish efficiently. 

What is information? Any kind of data that is useful to the business, NPO, or organisation. The efficient utilisation of this information depends on strategy, design, skills of the manager, teamwork, employee’s potential, evaluation, collection, organisation and a systematic approach to obtain and extract raw data

The course of masters in information management enables students to maintain this information efficiently, helping and assisting businesses to use it to its benefit, survive in the competitive market, increase their profits and grow.

Masters in Information Management is generally a one-two year course that enables people to follow this profession and work for big corporations. It helps people with a degree in an IT-business field to reach their true potential, as it is the combination of the best of both worlds, the technology as well as the business world.

 

Types:

It is sometimes called Masters in Management Information Systems. There are no specific specialisations in this course, but it may depend on the university.  

 

Examinations Required:

After a graduate degree in IT related field of business, some universities ask scores of Graduate Record Examinations (GRE) or Graduate Management Admission Test (GMAT). IELTS and TOEFL which determine the language proficiency of an individual, are also used for entrances in colleges.

 

Course Details:

A Master of Information Management is a program is a one-two year course offered by top universities across the world. It equips you with the knowledge of management and the use of technology that can help you manage information, records, etc of the particular corporation. It is a rigorous course, but is highly coveted and salaried. Generally, graduates join the corporate sector, especially in data analytics which has a lot of scope these days.

 

Salary Details:

The average starting salary is more than $86,000. It is a very attractive amount, taking in mind its huge potential of growth.

 

Top Universities and best locations

  • London School of Economics and Political Science, UK
  • Massachusetts University of Technology, USA
  • Copenhagen Business School, Denmark
  • Georgia Institute of Technology, USA
  • University of Maryland, USA
  • RMIT University, Australia
  • Stanford University, USA

 

Course Details level-wise:

Level

Postgraduate level

Duration

1-2 years, depending on university

Type

Masters in Information Management/Masters in Management Information Systems

Eligibility

Must have completed 12th from CBSE or ISC. Must have completed Bachelors in any IT related business field. Work experience is recommended.

Admission Process

  • Identifying countries and universities according to your suitability.
  • Filling out application forms of universities, submitting required documents, personal statements, letter of recommendations, work experience proof, etc.
  • Taking required tests like GMAT/GRE/IELTS/TOEFL and reporting scores to universities.
  • Completing admission process by giving interview, if required.
  • Pay required initial deposit to confirm admission, if selected

Course Fee

The course fee per annum generally ranges between $45000-$60,000

Average Salary

Ranges around $86000

Top Recruiters

Accenture, Adobe, American Express, J.P. Morgan, Morgan Stanley

Positions offered

Data Analyst, Database Developer, User Experience Designer, IT Project Manager, etc.

 

Top Universities level wise:

MIM is offered by many leading universities especially, in countries like USA, UK and Denmark. Student can choose by taking return on investment, tuition fees, location, accessibility, prestige, core syllabus of course, etc under consideration to choose. Some universities are as follows:

University

Location

Tuition Fees per annum

London School of Economic and Political Science

Houghton St, Holborn, London WC2A 2AE, UK

£28,000

Massachusetts University of Technology

77 Massachusetts Ave, Cambridge, MA 02139, USA

$64,000

Copenhagen Business School

Solbjerg Pl. 3, 2000 Frederiksberg, Denmark

DKK 55,000-65,000

Stanford University

 450 Serra Mall, Stanford, CA 94305, USA

$64,000

Georgia Institute of Technology

North Ave NW, Atlanta, GA 30332, USA

$39,000

 

 

Requirement and Eligibility:

Academic Requirements:

  • Interested students must have completed class 12th with either the CBSE (All-India SSC) or CISCE (ISC) board
  • Must have completed bachelors in relevant IT-Business related field.

Exams:

  • English proficiency tests like IELTS and TOEFL will help in getting into top universities.
  • GRE/GMAT will help students to get into top universities.

Others: 

  • Work Experience 
  • Letter of Recommendation
  • Extracurricular Activities
  • Statement of Purpose

 

Admission Procedure:

  • Identifying countries and universities according to your suitability.
  • Filling out application forms of universities, submitting required documents, personal statements, letter of recommendations, work experience proof, etc.
  • Taking required tests like the GMAT/GRE/IELTS/TOEFL and reporting scores to universities
  • Completing admission process by giving interview, if required.
  • Pay required initial deposit to confirm admission, if selected.

The different tests that can be given and the links to their websites are as follows:

  • IELTS: www.ieltsidpindia.com
  • TOEFL: www.toeflgoanywhere.org
  • GRE: https://www.ets.org/gre/revised_general/register/
  • GMAT: www.e-gmat.com

 

Course and Syllabus Details:

The following table will discuss the different subjects available, their inside topics and how they will help in life and prove their importance. Subjects differ, according to university and these are only some of the main subjects.

Subjects

Topics Covered

Objective

Financial Management

Corporate accounting, financial markets, international business, etc.

Knowledge about raising funds through secondary markets and maintaining them efficiently.

Marketing Management

Product mixes, marketing mixes, merchandising, business strategies, organisational behaviour etc. 

The most basic and root subject of management courses, equipping one with  specialised skills to run a business.

Financial Accounting

Basics of financial accounting, its use in information management, organising data, etc.

Studying the subject of accountancy in greater depth could help improve one’s competences and future career development prospects. Potential earnings are limitless in it, particularly for those who plan to set up and run their own businesses.

Principles of Management

Different principles by different practitioners and their real-life application and effects 

From the knowledge of principles managers get indication on how to manage an organization. The principles enable managers to decide what should be done to accomplish given tasks and to handle situations which may arise in management

 

Fees, Average Fees, Trends, etc:

The following table shows previously mentioned universities’ tuition fees as well as living costs, thus giving a more holistic insight on the total expenses one incurs, as each country has different living costs, varying hugely in some cases.

 

University

Tuition Fees per annum

Average Living Costs

London School of Economic and Political Science

£28,000

£18-25000

Massachusetts University of Technology

$64,000

$25-30,000

Copenhagen Business School

DKK 55,000-65,000

DKK 40-50,000 

Stanford University

$64,000

$20-30,000

Georgia Institute of Technology

$39,000

$20-25,000

 

Career Scope:

Master of Information Management is beneficial to prepare students to embrace future developments in the field and acquire latest skills required in the field with the required technological aptitude. The end result of this course is a student with a stable base in information technology and management. Information management professionals are in demand to contribute to high performing teams to maximize the value of information management solutions with a goal of reducing costs while increasing process integrity and efficiency.

The Master of Information Management (MIM) degree prepares you to be a leader in the use of information and technology in any organization. The key employment areas are as follows:

  • Banking and Finance Sector
  • Academic areas like universities, vocational schools, etc.
  • Management Consultancy
  • Software and IT related fields
  • Database Management
  • Data Analysis firms

 

Job Scope:

The average salary trends in this field remain very high, averaging to nearly $86,000. However, there are variations too. The following are some examples of jobs one can get:

Job

Average Salary

Content Strategist

$60,000

Data Analyst

$55,000

Database Developer

$72,000

Information Architect

$88,000

IT Project Manager

$85,000

User Experience Manager

$72,000

 

Study Abroad Expert & Co-Founder @ AdmitKard

Rachit believes in the power of education and has studied from the top institutes of IIIT Allahabad, IIM Calcutta, and Francois Rabelias in France. He has worked as Software Developer with Microsoft and Adobe. Post his MBA, he worked with the world's # 1 consulting firm, The Boston Consulting Group across multiple geographies US, South-East Asia and Europe.