MiM Average GMAT Scores: Good GMAT Score for MIM in Top Master in Management Schools

The Master in Management (MiM) is a fast-growing graduate program for new graduates and young professionals aiming for early-career leadership positions in the business sector. In contrast to the MBA, which requires years of work experience, the MiM program welcomes candidates fresh out of college or with some initial management exposure.

A good GMAT test score is typically a key part of the MiM admissions process. High-quality business schools, including HEC Paris, London Business School (LBS), and INSEAD, consider GMAT scores as a standardized measure to evaluate candidates. A strong GMAT score can also get someone admitted to high-quality MiM programs, hence, it is an integral component in the selection process.

This article will examine average GMAT scores, how they are used in MiM admissions, and how the test scores must be approached by candidates to best take advantage of career opportunities.

What is the Role of GMAT in MiM (Master in Management Program) Admissions?

A solid GMAT score indicates an applicant’s academic background, analytical skills, and preparedness for the demanding MiM program curriculum. The Graduate Management Admission Council (GMAC) administers the GMAT test, which assesses quantitative, verbal, and analytical skills.

While a high GMAT score may complement a profile, the best business schools make holistic admissions. Besides the GMAT score that you want, other aspects including internship experience, academics, potential for leadership, and even meritorious awards are considered.

What are the Differences Between MiM and MBA Programs?

Many students debate between MiM and MBA programs.

While both fall under management programs, there are key distinctions:

Feature	MiM	MBA
Target Audience	Recent students with little to no employment experience	Professionals with 3+ years of employment experience
Career Focus	Entry-level management roles	Mid to senior-level roles
Curriculum	Focus on general management and foundational skills	Specialized, focusing on leadership and strategy
Duration	10 months to 2 years	1 to 2 years
Average GMAT Score	600-710 (varies by school)	650-730 (for top MBA applicants)
Cost	Generally lower	Higher tuition fees
Post-Graduation Salary	Lower initially, but strong long-term growth	Higher starting pay

Top MIM Colleges and Universities Including Average GMAT Scores for Top MiM Programs

Understanding the average GMAT score required by top business schools is essential when you’re applying for a MiM degree. A high GMAT increases the chance of admission and also improves eligibility for management scholarships.

Here’s a look at the average scores for leading MiM colleges:

Sl. No.	QS Ranking	University	Country	Tuition Fee (USD)	Required GMAT Score	Courses Offered	Eligibility Criteria
1	1	HEC Paris	France	42,000	700+	Master in Strategic Management	Bachelor’s degree, no employment experience required
2	2	Stanford University	USA	75,000	730+	MSx Program	Minimum 8 years of employment experience, leadership potential
3	3	ESSEC Business School	France	43,000	640-680	Master in Strategy & Management of International Business	Bachelor’s degree, no employment experience required
4	4	London Business School	UK	44,900	681	Master’s in Management	Bachelor’s degree, 0-2 years of employment experience
5	5	MIT	USA	80,000	720+	Master of Science in Management Studies	Bachelor’s degree, strong academic record
6	6	INSEAD	France	47,000	710	Master in Management	Bachelor’s degree, 0-2 years of employment experience
7	7	Bocconi University	Italy	15,000	650+	MSc in International Management	Bachelor’s degree, no employment experience required
8	8	ESCP Business School	France	43,000	Competitive	Master in Management	Bachelor’s degree, no employment experience required
9	9	IE Business School	Spain	42,000	650+	Master’s in Management	Bachelor’s degree, 0-2 years of employment experience
10	10	CEMS	Multinational	Varies	700+	Master’s in International Management	Bachelor’s degree, strong academic background
11	11	ESADE Business School	Spain	32,000	660+	MSc in International Management	Bachelor’s degree, no employment experience required
12	12	WHU – Otto Beisheim School of Management	Germany	25,000	600+	Master in Management	Bachelor’s degree, no employment experience required
13	13	EMLyon Business School	France	28,000	650+	M.Sc in Management	Bachelor’s degree, no employment experience required
14	14	University College Dublin: Smurfit	Ireland	20,000	600+	MSc in International Management	Bachelor’s degree, no employment experience required
15	15	Imperial College London	UK	35,000	680+	MSc in Management	Bachelor’s degree, 0-2 years of employment experience

Notes:

• Tuition Fees: Rough estimates and subject to revision. May or may not cover extra fees and living costs.
• Average Payscale: Salary reported three years after graduation.
• Required GMAT Score: Indicative score; lower scores may be accepted by some schools depending on overall profile strength.
• Eligibility Criteria: The majority of Master in Management (MiM) programs take students without any work experience, in contrast to MBA programs.

A score of 700+ puts a candidate in about the 90th percentile of examinees, making their application competitive in the top 10 MiM programs.

What are Some Strategies to Achieve a Competitive GMAT Score and Percentile?

To score over the GMAT average, a study plan is needed. Students’ achievements in competitive tests such as the GRE and GMAT are commonly featured in reports by the Financial Times.

With rising competition in MBA admissions, particularly from 2021 to 2022, applicants need to create a targeted approach. In applying for an MiF or MiM program, a solid GMAT strategy is key to delivering maximum performance.

1. Familiarize yourself with the GMAT Structure

The GMAT is divided into four sections:

• Analytical Writing Assessment (AWA)
• Integrated Reasoning
• Quantitative Reasoning
• Verbal Reasoning

Knowledge of the above sections directs aspirants’ attention to weak areas.

2. Take a Diagnostic Test

A Sigma-X Mock Test or GMAT Club practice test can identify strengths and weaknesses, which will benefit candidates who are seeking entry-level management positions in both MiM and MBA programs. Watching a webinar on test strategy can give one an idea of how to get that high a score, and comparing GRE scores with GMAT scores can assist in identifying the ideal exam for personal objectives.

3. Set a Target Score

Doing business school research helps candidates set sights on a achievable score. As an illustration, aiming for HEC Paris is to prepare for a MiM GMAT score of 710 and above.

4. Take Advantage of Best GMAT Preparation Resources

• MBA.com to access official GMAT resources
• GMAT Club forums to look at strategies
• Coaching services and webinars from leading MBA schools

5. Work on Weaknesses and Go over Errors

Understanding errors from score reports assists in fine-tuning strategies, particularly for those aiming for entry level management positions or looking to achieve a 700 on the GMAT. Understanding the admission criteria for the best programs is important, whether seeking a management degree or looking at European MBAs for career growth.

6. Mimic Test Conditions

Timed mock tests also provide improved time management and confidence, since prominent accreditation bodies such as EQUIS and AMBA focus on standardized tests. Performing well in not just one but several tests, such as TOEFL and IELTS, can also add value to an applicant’s profile for highly competitive programs.

What are Some Popular Career Opportunities and Salary Insights of Top Master in Management Institutions? 

A MiM degree offers diverse career opportunities across industries like finance, consulting, and technology.

Many students land management roles at top firms.

Business School	Average Starting Pay (USD)
HEC Paris	$90,000
LBS MiM Graduates	$82,000
INSEAD	$85,000
ESSEC	$75,000
IE Business School	$70,000

Fun Fact: While MBA graduates earn higher packages initially, MiM graduates often see rapid salary growth within 3-5 years.

What is the Admission and Application Process, and What are the Scholarship Options for MIM Applications?

Here is a step-by-step guide of the application process:

1. Submit an online application
2. Provide academic qualifications (transcripts)
3. GMAT/GRE/TOEFL/IELTS scores
4. Statement of Purpose (SOP)
5. Letters of Recommendation
6. Round 2 and final interviews

Many schools also consider profile evaluation, employment experience, and extracurricular achievements. Top schools also offer MIM students with merit-based scholarships based on GMAT scores, leadership potential, and academic performance.

Conclusion

The GMAT exam remains a critical element in MiM admission at top business schools worldwide. While securing a high GMAT score enhances chances at top Master in Management programs, admissions committees also consider internship experience, academic records, and personal achievements.

For aspirants aiming for LBS MiM, HEC, or other MIM colleges, strategic preparation, knowledge of test scores, and leveraging application resources like MBA.com can significantly improve their odds.

If you’re planning to apply, start early, set a GMAT score you want, and work towards making your MiM application stand out! Join Ambitio Elite and make your dreams come true!

FAQs