adi0990
I'm 23 years old with 4 month work ex and i am very confused about whether i should wait for 3 years and go for mba or go for mim at present
Hi
adi0990,
Every applicant struggles with the dilemma of MiM or MBA later. Ofcourse, when you are investing in an advanced degree, it is very natural (and recommended) to weigh in all the alternatives.
Before I compare the degrees, let me tell you that both MFin and MBA are “worth it” - You cannot go wrong with either degree provided you make a pick after thoroughly analyzing your career goals.
You can say that while an MBA grad views a business problem from a strategic level, a specialized master's person might view it from an operational perspective.
The right degree for you will depend upon 3 factors:
At which stage you want to enter the job market
How much are you willing to invest
Here’s a quick analysis of each of these factors:
1. At which stage you want to enter the job market
If you want to enter the job market at an entry/analyst level position within a couple of years of graduation, then MFin is the best fit.
On the other hand, if you are willing to wait 4-5 years to build your work ex, MBA is the way to go.
This is a personal decision that depends upon your long term goals and where you see yourself in the next 5-10 years.
2. How much are you willing to invest
MBA, as you must know, is a comparatively costlier degree- The tuition fees can range anywhere between $150,000 to $170,000 (for the 2 year program)depending upon the country and college.
MFin tuition fees typically range between $53,000 to $65,000 and are comparatively shorter in duration ( can be completed in 1 to 1.5 years)
Again a personal decision on how much are you willing to invest and how you plan to finance the degree.
I would advise you to think these points through to personalize your decision.
Again, I want to reiterate that you can’t go wrong with either degree if it is in sync with your career goals, so go ahead do some brainstorming

You will find this resource helpful to make a decision:
https://www.mim-essay.com/mba-vs-mim/