MANAGING CULTURAL DIVERSITY
decision , return on investment should be a key consideration , so having salary transparency around education and qualifications is an invaluable tool .” One statistic he offers shows this may be an area that does something to correct the gender imbalance .
Any other business qualification An MBA has a cachet all its own , but there are alternatives coming up on the inside rail . One of these is the MiM ( Masters in Management ) qualification . Typically for pre-experience graduates , or at least candidates with a more limited management background , one big attraction is that a MiM degree generally costs about half the price of an MBA ( around $ 40,000 vs $ 80,000 ). Taking on a lower debt earlier in life , but with the potential of a fast-track career can be a highly attractive alternative for many applicants . It must also be noted that in some parts of the world , some great MiM programmes are entirely free of charge , for example in the Nordics or some German-speaking countries .
Roland Siegers , Executive Director of the CEMS global alliance of top business schools points out that the MiM market is not yet saturated , which means students have a better chance of getting into a great school based mainly on their intellectual potential , and not on their ability to increase a school ’ s ranking position based on their postdegree earnings potential . “ Beyond ROI , the MiM is certainly an attractive alternative for women because of the diverse cohorts in terms of gender found on many MiM programmes , which is much closer to a 50 / 50 split than the MBA . In terms of learning , the curriculum of a MiM can also have more flexibility , which allows for a high degree of innovation . Our faculty have mentioned that , because of their younger age , MiM students are more open-minded and fun to work with .”
Though most MiMs are for new graduates , at least one of the UK ’ s most renowned universities , the London School of Economics , is offering a serious alternative for more mature students . Executive Global Masters in Management ( EGMiM ) is billed as the LSE alternative to an MBA , providing the same outstanding training in management and leadership , but with a much deeper understanding of the geopolitical and socio-economic contexts which fundamentally underpin the success or failure of businesses across the world .
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