Masters in Management

Some of the top countries to study MIM abroad and their visa costs are listed in the table below:

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. Some of top industries and recruiters are:

Conversion Rate: 1 USD = INR 84.07

With the rank #1 in QS Business Master's Rankings 2025: Management, HEC Paris in the best university to pursue MIM abroad. Listed below are the top MIM universities, as per the QS Business Master's (Management) Rankings 2025:

International students must fulfill 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)

Yes, MIM usually costs lower than MBA abroad. Listed below is a comprehensive comparison between the MBA and MIM annual tuition fee details of top business schools:

Pursuing an MIM degree (Masters in Management) in top countries abroad is expensive. On average, the cost of studying MIM abroad ranges between INR 10 L - 40 L per year.

Another important factor to consider while studying abroad is the cost of living, which 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 average5 of living in the USA for international students is around INR 20 L - 25 L per year.

Master's in Management is one of the best courses for fresh graduates with minimal work experience and is particulary popular in European countries. Some of the top countries to pursue an MIM degree are:

The tuition fee for Masters in Management 2024 intake is £47,500 (Around INR 52 L). Additionally, students are required to pay a Student Association fee of £180. Besides this, students are required to pay other fees and living cost. The average cost of living in the UK for international students is around £12,000 – £15,600 per year.

Macquarie University offers an affordable Masters in Management in Australia for international students. The tuition fees vary from INR INR 18 L - 27 L for first-year to study MIM at the university. Applicants can study the MIM program in over 30 specializations at the university. Therefore, Macquarie University is good for studying Masters in Management.