First, it’s totally normal to feel lost in FY — everyone thinks they need to “figure out their life” immediately, but trust me, you have plenty of time.
MiM (abroad)
Great if you want to go early (0–2 years experience). More generalist, good for management/consulting tracks. Needs strong academics + good extracurriculars + internships.
MFin (abroad)
Much more quant-heavy. Best suited if you’re sure you want finance (IB, PE, markets). Needs great grades, relevant internships, and sometimes strong math/quant background.
MBA from IIMs
Typically after work-ex. Much more competitive, especially the top 6–7 IIMs. CAT prep is a marathon — but worth it if you want to stay in India or switch careers later.
What to focus on right now (FY):
1. Grades
These matter for all three options — MiM, MFin, and even for good placements later. Try aiming 8+ CGPA.
2. Internships
Start with any exposure — marketing, operations, finance, HR, NGO work, startups, whatever excites you. Early internships help you understand what you like.
3. Societies
Choose 1–2 max where you can actually contribute — consulting, finance, E-cell, case research, debating, etc. Quality > quantity.
4. Case competitions
Start participating from mid-first year or second year. They look great on MiM apps and help a lot in campus placements too.
5. Skill building
Basic Excel, PowerPoint, a little analytics (Python/SQL optional), financial literacy, communication skills — all super useful.
When to start exam prep?
GMAT/GRE:
End of 2nd year or start of 3rd year is perfect. You’re not late right now.
CAT:
Ideally start in 2nd year if you want a relaxed pace.
Start in 3rd year if you want a 1-year focused prep.
Since you’re in FY, it’s too early to stress about exams. Build your profile first — your clarity will improve automatically.
Final advice
You don’t need to decide MiM vs MFin vs MBA right now. Explore in FY + SY and you’ll naturally understand what fits you.
Take a breath — you’re doing fine.
Hope this helps.