Hey Saanvi ,

MBA and MIM are both amazing courses in management if one wants to pursue this in their postgraduation. However the actual difference between both of them is , MBA is for working professionals and is a career development tool to ace even further in the corporate world. Whereas MIM gives less weightage to work experience and encourages freshers into corporate. As MIM is a kickstarter for one's career , they lay solid foundation on core subjects and aim for entry level positions in a company. However an MBA graduate aims for mid or senior level positions and expects higher salaries. Nevertheless the selection criteria for both the programs is almost similar but it depends on who you are. Both are the same courses but with a difference in work experience , so choose accordingly.

Hope this answer helps you!