Many domestic and foreign students choose to pursue a Master’s in Management(MIM) in the United States. Students who pursue an MS in Management in the USA are prepared to work as business managers across a range of industries. MIM degrees are more suited for those seeking entry into the management field who have no prior professional work experience.
THIS BLOG INCLUDES:
1.Why Study Masters in Management in the USA
2.Top Universities for Masters in Management
3.Cost of Studying Master of Management in USA
4.Admission Requirements for Master’s in Management in the USA
5.Scope After Completing MIM in the USA
6.Scholarships for Masters in Management in the USA
The United States boasts one of the largest economies, English is the main language of instruction, and it provides students with a multicultural atmosphere. You can have a rewarding career by studying MIM in the United States, as you will discover below.
There are a number of advantages to getting a MIM(Master’s in Management) in the United States. Here is an examination of the same:
Students who enroll in the highly profitable Master’s in Management program get knowledge of international trade and the world economy. Here is the list of top best universities in the USA where students can study Management.
|University||Course Name & Tenure||Total Course Fees|
|Stanford University||MS in Management Science and Engineering (18 Months)||USD 95,570 or INR 71.22 lakhs (yearly)|
|California State University – Los Angeles||MSc in Business Administration (24 Months)||USD 28,000 or INR 20.77 lakhs|
|Northwestern University Kellogg School of Management||MS in Management Studies (10 Months)||USD 60,240 or INR 44.89 lakhs|
|Boston University – Questrom School of Business||MS in Management Studies (9 Months)||USD 58,560 or INR 43.59 lakhs|
|Yale University – Yale School of Management||Master of Advanced Management (12 Months)||USD 76,770 or INR 57.14 lakhs|
|MIT Sloan School of Management||MS in Management Studies (9 Months)||USD 78,954 or INR 58.83 lakhs|
|University of Michigan, Ann Arbor- Ross School of Business||Masters of Management (10 Months)||USD 54,985 or INR 40.92 lakhs|
|Duke University – Fuqua School of Business||Masters of Management (10 Months)||USD 57,500 or INR 42.82 lakhs|
|Columbia University – Columbia Business School||MS in Management Science and Engineering||USD 79,056 or INR 58.94 lakhs|
|New York University – Stern School of Business||MS in quantitative Management (1.7 years)||USD 76,780 or INR 57.23 lakhs (yearly)|
There are several variables involved when discussing the cost of studying in USA. International students should carefully consider the costs listed below:
Students who wish to enroll in a Masters in Management program in the United States must be aware of the admission requirements necessary to get admitted to these esteemed institutions.
The requirements for MIM courses in the USA are as follows:
Some essential documents are required for enrollment at American colleges and institutions of international business. The documents required are listed below:
Every institution will require applicants to submit at least two or three letters of recommendation. All of the universities where you are applying for MIM courses should receive hard copies.
You have to submit a thorough CV including your academic background, professional experience, and information about any internships, extracurricular activities, and volunteer work.
Additionally, you must send your TOEFL or IELTS results. International students may be required to have IELTS scores between 7.0 and 7.5. The optimal TOEFL score for test takers is between 80 and 100.
As advised by the university, applicants must present legitimate transcripts and mark sheets with valid attestation. Both undergraduate degrees and class 10 and 12 pass certificates are required.
You have to submit your GMAT and GRE score results if you are willing to study in the USA.
You have to be very careful while writing your SOP. It should clearly state your motivations for choosing this particular program and organization, as well as your aspirations for the future.
For various reasons, the Master of Management exam is very popular among overseas students. First, unlike a typical MBA, they do not require work experience to enter the sector. Additionally, there are plenty of work options in the USA. For those with a MIM degree, the average salary may be around $76,000. or INR 56.43 lakhs.
In addition to hiring candidates, the federal government and Army institutions also do so. Among the positions that are open are those of executive director, director of operations, project manager, human resource director, operations manager, and manager of human resources. For senior roles, salaries may potentially reach $96,000 or INR 71.29 lakhs.
Aspirants can look into a variety of scholarships. A scholarship, if you are qualified, will drastically lessen your financial burden, Here are a few examples:
|Institutions||Name of Scholarships||Scholarships Amount|
|Fuqua School of Business||Fuqua Merit Scholarships||A waiver on tuition costs|
|Sloan School of Management||Research Assistantship||$33,924|
|Columbia Business School||Laidlaw Foundation Scholarship||$7,500 – 30,000|
|Stanford University||The Aga khan Foundation||50% discount on tuition costs|
|Anderson School of Management||Education future International Scholarship||$3,000 – 14,000|
|Ross School of Business||Ross MM Scholarship||May Vary|
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