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MSc in Marketing

by | May 26, 2019 | Uncategorized | 0 comments

MSc in Marketing

What is MSc in Marketing and Who does it apply to?

Whether you want to venture into the marketing domain from a different sector or want to further your marketing career, an MSc in marketing is the one-stop solution for you.

The degree provides the students with advanced knowledge, the specific skill sets which are required to keep them up-to-date with the ever changing dynamics of a marketing career.

The programme fosters among the graduates, a sense of systemic vision, helping them to capture the essence of consumers. Also giving them the ability to adjust/adapt to the change in Market.

What skills will you learn during the MSc in Marketing?

  • In-depth and holistic understanding of the Basic Marketing Theories, principles, models along with the recent-most market practices.
  • To solve the marketing issues by calculated decision making based on research, analysis and extensive knowledge of Customer Behaviour.
  • Focusing on Advanced Marketing Strategies and learning in real-time how to apply those in a scenario, assisted with a thorough understanding of the statistical models and marketing software.

Most B-schools use a combination of interactive lectures and seminars along with loads of team-projects to provide a rather non-monotonic and non-theoretic approach to the curriculum. “Case Studies”, “Real-life Company Issues” as well as “Simulation Strategy” exercises all form a part of this rather exciting coursework!!

Age Range21 - 26
Average GMAT660
Average GRE318
Average Work Experience1-2 years (Although freshers are expected)
BackgroundsBusiness Administration(55%), Economics(15%), Engineering(10%), Humanities(15%), Others(10%)
Average Salary38K Euros (Base Salary)

 

Why do I need an MSc in Marketing? 

Unlike General management programmes such as MIM/MBA, an MSc in Marketing is a rather specialised course aimed only at people, who have either made up their mind of venturing into the marketing sector or for professionals in the sector who want to broaden their perspective. As such, the curriculum mainly comprises of core marketing modules such as:

  • Corporate Strategy
  • Business in Society
  • Digital Business
  • Data Analytics
  • Organisational Management
  • Financial Accounting
  • Marketing Innovation
  • Sales Management

Furthermore, in order to help the students in specialising in a particular niche, students also have the option of choosing a cluster specialisation in many cases(nomenclature may be different) wherein they get to choose from a pool of marketing sub domains as discussed in the following section of electives and specialisations.

MSc in Marketing Graduates will learn to optimise internal company resources and combine this with a deep understanding of the complexities of its international markets.

Beyond the essential marketing fundamentals (toolbox, analysis, and process) the program lays strong emphasis on the managerial and digital aspects of modern day marketing as well, by focusing on Data Driven Calculations.

Highlights of the MSc in Marketing Program

  • Most programmes allow students to take up an Internship or submit a Dissertation on a Market Research Issue wherein they can see for themselves as to what suits them the best and accordingly decide. It is specifically good for the Non-Business Track students who have probably never come across all of these.
  • International Specialisations such as Chartered Institute Of Marketing (CIM), work towards giving professional qualification. This compensates for the student’s lack of experience in the field as well.

 Teaching Methodology 

  • Interactive coursework with case reviews.
  • Team Building activities such as Group Projects, Assignments, etc.
  • Marketing Simulation Games to provide insight into cutting edge and innovative marketing techniques and a chance to implement them.
  • Corporate Partners, Esteemed Alumnus, Professionals, impart into students up-to-date knowledge of the dynamic market.
  • Mostly practical based learning with a good mix of theory and fundamentals.

Electives and Specialisations

Most MSc Marketing curriculum provides electives pertaining to different domains or completely separate tracks for a full specialised course: 

 

  • E-Commerce / Digital Marketing/Social Media Marketing
  • Brand Management (Luxury, Fashion, FMCG)
  • Sports/Media Management
  • Strategic Marketing Thinking
  • Sales and Retail Marketing
  • Market Research/Consulting
  • Global Business Strategy
  • Innovation Management

Duration and Admission Requirements 

Most MSc Marketing Programmes are Fast-Track Intensive specialised masters, having a duration range of 10-12 Months, most of them being offered on a full-time basis.

The Admission requirements for these masters, is more or less, generic for all schools, with slight variation from one school to another. For most of the MSc Programmes you need to fulfill the following criteria:

  • Management Aptitude Test- GRE/GMAT (Please note, this requirement, however, is also waived by certain schools and thereby is optional for many of the programmes)
  • Well rounded, internationally Recognised Undergraduate Degree in a relevant field & transcripts (Again, several MSc Marketing programmes do not require students to have a relevant bachelor degree)
  • A professional RESUME/CV
  • English Language Proficiency Test- IELTS/TOEFL/TOEIC. (Several Schools provide waivers to its students, provided they have English as their mother tongue, is a native speaker or has done their bachelor degree from an English-medium university)
  • Letter of Recommendation (minimum 2)
  • Non-Refundable application fee(Varies from school to school)
  • Motivational Letter or Essays
  • Proof of Work Experience. (Not all programmes have mandatory criteria regarding work-ex. So while some like ESADE accepts fresh graduates into their programme, CRANFIELD needs an average of 5 years of work-ex).

GMAT/GRE Requirements

 

Although It is not mandatory for all MSc Marketing Programmes, but a well-balanced GRE/GMAT can increase your chances of acceptance manifold.

For the top, most programmes at ESADE, HEC, ESSEC, ESCP, RSM a GMAT Score of 660+ / GRE Score of 317+ should be sufficient. The Aptitude Tests are however just a small part of your application and can often be compensated by other facets of your profile such as good undergraduate institute/ Good GPA and vice versa.

MSc in Marketing Class Profile

Age Range
Age Range 21 – 26
Average GMAT 660
Average GRE 318
Average Work Experience 1-2 years (Although freshers are expected)
Backgrounds Business Administration(55%), Economics(15%), Engineering(10%), Humanities(15%), Others(10%)
Average Salary 38K Euros (Base Salary)

 

 

Major Recruiters of MSc in Marketing Graduates

 

E-BAY Danone LVMH
LinkedIn Henkel Google
Sanofi Lafarge Dropbox
P&G Apple Microsoft
Christian Dior HP Coca-Cola
Johnson & Johnson KPMG L’oreal
Citi Bentley Motors Vodafone
Burberry Mars Nestle
Unilever Schlumberger Rocket-Internet
Chanel Warner Bros Siemens

 

 

Roles of MSc in Marketing Graduates

Brand Marketing/Manager Business Development Executive Client Servicing/Media Associate
Digital Marketing Specialist Innovation Manager Market Analyst
Marketing Consultant Project Manager Sales Manager

 

 

MSc in Marketing Ranking (EDUNIVERSAL top 40 MSc in Marketing)

Rank School Name Programme Name Country Course Duration Course Fees (in Euros)
1 ESADE Business School MSc in Marketing Management Spain 10 months 26500
2 Copenhagen Business School MS in Economics and Business Administration-International Marketing Management Denmark 12 months 1550
3 Rotterdam School of Management MSc Marketing Management Netherlands 12 months 17300
4 ESSEC Business School MS Marketing Management France 12 months 22000
5 ESCP Europe MS Marketing and Communication France, UK, Germany, Spain, Poland, Italy 12 months 17500
6 HEC Paris MSc Marketing France 8-10 months 22900
7 Warwick Business School- University of Warwick MSc Marketing & Strategy UK 12 months 32430
8 BI Norwegian Business School MSc in Strategic Marketing Management Norway 24 months 19840
9 Manchester Business School MSc in Marketing UK 12 months 24400
10 Neoma Business School MS in Decision Marketing France 12 months 15300
11 Maastricht School of Business and Economics MSc International Business-Strategic Marketing Netherlands 12 months 13000
12 Universite Paris Dauphine Master in Marketing & Strategy France 24 months 261
13 Cranfield School of Management Msc in Strategic Marketing UK 12 months 14875
14 EMLyon Business School MS International Strategy and Marketing France 12 months 18500
15 UCD Michael Smurfit Graduate Business School MSc in Marketing Ireland 12/24 months (both avail.) 18300
16 Catolica Lisbon School of Business and Economics Master in Management with specialisation in Strategic Marketing Portugal 24 months 11000
17 Universidad Carlos III- Departmento de Economia de la Empressa MSc in Marketing Spain 12 months 13500
18 Aalto University Master in Marketing Finland 24 months 30000
19 AUEB Department of Marketing & Comunication MSc in International Marketing Greece 18 months 7800
20 EADA Business School International Master in Marketing Spain 10 months 19800
21 University of Edinburgh Business School MSc in Marketing UK 12 months 23800
22 Vlerick Business School Masters in Marketing Management Belgium 12 months 14900
23 Audencia Business School MS Marketing, Design and Creation France 12 months 14850
24 University of Strathclyde Business School Masters in Marketing UK 12 months 23000
25 IAE-AIX Marseille University MSc Marketing and Brand Management France 12/24 months 8400
26 Dublin City University Business School MSc in Digital Marketing Ireland 12 months 14000
27 SKEMA Business School MSc International Marketing and Business Development France, USA, Brazil 12/24 months 16000-28,900
28 Stockholm University Master in Consumer and Business Marketing Sweden 24 months 9500
29 Porto Business School Post-Graduate in Marketing Management Portugal 10 months 6600
30 University of Limerick MSc in Marketing, Consumption & Society Ireland 12 months 12000
31 University of Glasgow-Adam Smith Business School MSc in International Strategic Marketing UK 12 months 23200
32 Lancaster University Management School MSc in Advanced Marketing Management UK 12 months 25000
33 University of Groningen-Faculty of Business & Economics Master in Marketing Netherlands 12 months 13600
34 City University London-Cass Business School MSc in Marketing Strategy and Innovation UK 12 months 27370
35 University of Gothenburg Master of Science in Marketing and Consumption Sweden 24 months 27390
36 Toulouse Business School MSc Marketing, Management & Communication, option Social Web Management France 12-18 months 13950
37 University of Leeds MSc International Marketing Management UK 12 months 22450
38 ISCTE Business School MSc in Marketing Portugal 18 months 10500
39 Aston Business School MSc Marketing UK 12 months 20300
40 NEOMA Business School MSc Marketing French Excellence France 15-24 months 15300

 

 

 

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