MIM in Abroad for Indian Students - Universities, Colleges, Fees 2025, Deadlines

Masters in Management, commonly called MIM, is one of the specialised courses offered abroad. MIM is a unique program that has been designed to prepare students for a career in management at the postgraduate level. MIM courses focus on the latest management trends and include modules on Marketing, Finance, Strategy, Entrepreneurship and other related areas. Additionally, there are internship opportunities for MIM-pursuing candidates that provide students with hands-on experience before they graduate from universities abroad.

MIM Abroad Highlights

Listed below are some interesting facts about MIM abroad:

Top 10 MIM Colleges Abroad

QS World University Rankings is a globally recognized top university ranking body that publishes annual rankings of universities based on eight key indicators: Employability, ROI, Entrepreneurship and Alumni Outcomes, Thought Leadership, and Class & Faculty Diversity. Some new parameters considered include Sustainability, Employment Outcomes and International Research Network.

Listed below are the top MIM universities, as per the QS Business Master's (Management) Rankings 2025:

Cost of MIM Abroad

Studying MIM (Masters in Management) abroad is an expensive affair and costs between INR 10 L - 40 L per year. When it comes to the cost of living of an individual, it varies as per the choice of country. For example, the average living cost in the UK can be around INR 12 L - 24 L per year. Whereas, the cost of living in the USA for international students is around INR 20 L - 25 L per year.

Student Visa Cost for MIM Abroad  

According to the country of visit, the cost of a student visa differs. Listed below are the student visa costs of the best study-abroad destinations:

Country/Nation	Student Visa Cost
United States	USD 510 (INR 42.8 K) (Includes the SEVIS application fee)
United Kingdom	GBP 490 (INR 53.3 K)
Germany	EUR 75 (INR 6.8 K)
France	EUR 50 (INR 4.5 K) - For countries or territories with EEF procedure EUR 8.9 K (INR K) - For other countries
Australia	AUD 1,600 (INR 89.5 K)

MIM Abroad Requirements - Eligibility Criteria

International students must fulfil the admission requirements listed below to pursue MIM abroad:

• Bachelor's in Management or a related field

• Overall grade point average i.e. GPA of 3.0 on a 4.0 scale or its equivalent

• Overall IELTS score of 6.0 or higher / TOEFL score of 80 - 100 or higher

• Good GMAT score

• Statement of Purpose (SOP)

• 2 - 3 Letters of Recommendation (LORs)

• CV / Resume 

• Student study visa and valid passport 

• Proof of financial resources

• Work experience (if applicable)

Are you someone with work experience greater than 3 years and want to gain more practical knowledge in the field of Business and Management? MBA might be a better bet for you. Here's a video that can help you understand how MIM is different from MBA. 

MIM Scholarships Abroad

Opting to study abroad is a major step that student take for their career and managing the expenses including the tuition fee and living costs play a deciding factor in this decision. Here is where scholarships dive in and help students study in their dream college by cutting down a portion of their expenses. For the students looking forward to pursue a Master's in Management degree abroad, some of the top scholarships are:

• HEC Foundation Student Scholarships 

• MIM Merit Scholarship for London Business School 

• Essec Academic Excellence Scholarship 

• INSEAD Financial Fellowship 

• Ivey Business School Financial Need Awards 

MIM Jobs and Salaries in Abroad

As per unofficial sources, the average salary of a MIM (Masters in Management) graduate is around USD 50,000 - USD 150,000 (INR 42 L - 1.2 Cr) per year. Note that this amount is expected to grow in the subsequent years, as per the individual's performance. Since the world is becoming increasingly competitive, the need for skilled workers is rising. MIM graduates can find jobs that are not only lucrative but also challenging and exciting.

Some of the most popular jobs for MIM (Masters in Management) graduates are offered in the following sectors:

Digital Marketing	Customer Service	Product Management
Education	Healthcare	Consulting
Finance	IT & Technology	Manufacturing & Engineering

Top Recruiters Abroad for MIM Graduates 

MIM (Masters in Management) graduates are sought after in the job market because of the skills they learn. Also, they can work in a wide range of fields, including Marketing, Advertising, and Public Relations. Some of the top Companies that hire MIM (Masters in Management) graduates:

Amazon	Apple	Google
Microsoft	Facebook	McKinsey & Company
Boston Consulting Group	Bain & Company	Deloitte
Accenture	J.P. Morgan	Uber
Goldman Sachs	Ford Motor Company	Loreal

Anushree Sinha11-26-2024 09:43