whatsapp
GRE Enhancements Coming Soon | GMAT Will Soon Be GMAT Focus Edition | New Enhancements to TOEFL iBT®

MS in Management in USA – Cost, Requirements, Scope & More

 

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.

 

Why Study Masters in Management in the USA

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:

  • The nation is home to some of the best schools in the world for master’s in management, as demonstrated by top rankings in the USA. Universities in the USA provide candidates with great academic and practical learning along with international MIM degrees.
  • Unlike traditional MBA programs, applicants to MIM courses do not need to have work experience. They can start successful management professions as recent graduates.
  • The demand for management-related professions in the USA is extremely high across many different company sectors. Over the ensuing seven to eight years, it is anticipated that the number of jobs will grow significantly.
  • The average salary for management professionals in the USA is around $96,000.

 

Top Universities for Masters in Management

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)

 

Cost of Studying Master of Management in USA

There are several variables involved when discussing the cost of studying in USA. International students should carefully consider the costs listed below:

  • $160 for student visa charges
  • $187 for IELTS costs
  • $213 for GRE exam fee
  • $185 for TOEFL exam fee
  • $250 for GMAT exam fee
  • $56,800-150,000 for tuition fees (average)
  • $1,500-3,200 for accommodation (every month)
  • $450-500 for monthly food bills
  • $500-1,000 for miscellaneous expenses (per month)
  • $36-127 for transportation costs (monthly pass)

 

Admission Requirements for Master’s in Management in the USA

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:

  • Bachelor’s degree with a 3.0 GPA out of a possible 4. It translates into an average grade of 83 – 36%.
  • IELTS or TOEFL results might serve as evidence of English proficiency.
  • GRE and GMAT scores. You can apply to select colleges in the USA for a master’s in management without taking the GMAT. The minimal GMAT and GRE scores required for prestigious colleges range from 375 to 790 and 300 to 320 points, respectively.

 

Documents Required

Some essential documents are required for enrollment at American colleges and institutions of international business. The documents required are listed below:

 

  • Letter of Recommendation (LOR)

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.

  • CV or Resume

You have to submit a thorough CV including your academic background, professional experience, and information about any internships, extracurricular activities, and volunteer work.

  • Scores in English Language Proficiency Tests

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.

  • Academic Transcript

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.

  • Scores in Standardized Examinations

You have to submit your GMAT and GRE score results if you are willing to study in the USA.

  • Statement of Purpose (SOP)

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.

 

Scope After Completing MIM in the USA

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.

 

Scholarships for Masters in Management in the USA

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

 

Manya – The Princeton Review Advantage

Manya – The Princeton Review offers end-to-end study abroad services encompassing admissions consulting services, test preparation, English language training, career assessment, and international internship opportunities to study abroad aspirants. Founded in 2002, Manya holds an impeccable track record of enabling more than 4 lac students to accomplish their study abroad dreams through its network of 47+ centers across India.

Manya has formed long-lasting global alliances with several market leaders in the education industry in order to maximize the benefits of its large service portfolio. Their list of esteemed partners and affiliations includes – The Princeton Review (TPR), Cambridge University Press (CUP), Cogito Hub, British Council, Tuding to name a few. Manya has also forged 600+ partnerships with international universities across top study abroad destinations.

Spread the love
Book your Free Counselling Session now!

FAQs

Is MIM Recognized in the USA?

In the USA, MIM (Master’s in Management) is accepted as a legitimate course. There are several universities across the US that have specific MiM programs for applicants, including MIT, the University of Southern California, and California State University. Without prior work experience, these courses aid those seeking managerial positions in getting a good start. For candidates, MiM courses provide significant theoretical and practical learning. There is no doubt that this course is well-known in the USA.

Is GMAT Required for a Master in Management in the USA?

Many colleges’ MiM programs may request GRE or GMAT scores from applicants. It is not required, though, and many organizations and business schools will still accept applicants without GMAT scores. You will need to meet a few more admittance requirements, though. Even while many colleges still require GMAT or GRE scores, a master’s in management is not the same as an MBA. If you haven’t taken the GMAT, you should build a list of universities that don’t require them before applying.

Is it Worth Pursuing a Master in Management in the USA?

Yes, it is definitely beneficial to acquire an American master’s degree in Management. For alumni who have successfully finished the program, job and wage opportunities are rather broad. The best universities and schools that offer business degrees are located in the USA, ensuring that students receive a top-notch education there.

Do Universities for Master in Management Offer Scholarships for International Students?

Yes, there are lots of scholarships available to students studying international business at the best institutions and colleges.

What is the Duration of a Master’s in Management?

The total program duration for a Master’s in management is anywhere around 9 Months to 2 years.

Planning to study abroad?
Get free 1-on-1 counselling with our experts

Subscribe to this blog