Masters in International Business in America is a full-time course between 9 months and two years. The USA universities offer these degrees as MS, MBA, and MIM. On average, the cost of pursuing this degree is between $ 18000 and $ 80000 USD. However, the rewards are higher as the yearly average wage packages range from $ 60000 to $ 179000 USD.
Table of Contents
- Masters in International Business in the USA: Highlights
- Why Should One Pursue Masters in International Business in the USA?
- Best Universities for Masters in International Business in the USA
- Cost of Studying Masters in International Business in the USA
- Tuition Fees
- Cost of Living in the USA
- Eligibility Criteria to Study Masters in International Business in the USA
- Masters in International Business in the USA: English Language Requirements
- Scholarships to Study Masters in International Business in the USA
- Jobs & Salary after Masters in International Business in the USA
- List of Masters in International Business in the USA: TOP Recruiters
- How to Apply for Masters in International Business in the USA?
- FAQ
Masters in International Business in the USA: Highlights
Program |
Postgraduate |
Course |
International business |
Duration of the Course |
Between 9 months and 2 years |
Eligibility |
Bachelor’s degree, GRE or GMAT, IELTS or TOEFL iBT, |
Entrance Exams |
|
Tuition Fees |
Between ₹ 26,00,000 and ₹ 58,00,000 INR |
Jobs |
International Trade Specialist, Management Consultant, Finance Controller, etc |
Average Salary |
$ 113833 USD (based on 6 jobs) |
Why Should One Pursue a Master in International Business in the USA?
- As per the QS World Rankings 2022, 150 universities from America rank top 400 internationally for business management degrees.
- America is the degree's birthplace. It began in 1946 in the American Institute of Foreign Trade (currently: Thunderbird School of Management).
- Most of the Masters in International Business (MIB) qualifications in America is accredited by the Association to Advance Collegiate Schools of Business (AACSB).
- According to the BLS in the USA, the jobs for international business will rise by 19 % by 2026.
- As per the official stats, America is a well-known study destination for many overseas students, especially from South Asia and Asia. We also found that more than 20,2000 Indian students are pursuing higher education.
- Yale University, which offers this degree, ranks 13th worldwide in graduate employability rankings. Plus, more than 50 USA universities rank top 200 for the same.
Also, Read:
Master of International Business in AustraliaMasters In International Business In Canada
Best Universities for Masters in International Business in the USA
S.NO |
University Name |
QS World Rankings |
States |
1 |
The University of Chicago |
10 |
Chicago |
2 |
Yale University |
14 |
New Haven |
3 |
New York University |
42 |
New York City |
4 |
The University of Florida |
173 |
Gainesville |
5 |
Arizona State University – Thunderbird School of Global Management |
216 |
Tempe |
6 |
Georgetown University |
248 |
Washington DC |
7 |
Northeastern University – D’ Amore – McKim |
342 |
Boston |
8 |
George Washington University |
355 |
Ashburn |
9 |
The University of South Carolina – Darla Moore School |
Between 601 and 650 |
Columbia |
10 |
Florida International University |
Between 801 and 1000 |
Miami |
Must Read: TOP Universities in the USA
Cost of Studying Masters in International Business in the USA
Your price of studying Masters in International Business in the USA includes your entrance exam fee, cost of living, etc., and your tuition fee. Since Masters in International Business in America is a costly degree, your expenses will range between ₹ 27,00,000 and ₹ 60,00,000 INR.
Tuition Fees
S.NO |
University Name |
Program |
Duration |
Tuition Fees |
1 |
The University of Chicago |
Master of Business Administration – International Business |
2 years |
₹ 53,00,000 |
2 |
Yale University |
Master of Management Studies in Global Business & Society |
9 months |
₹ 57,00,000 |
3 |
New York University |
Master of Business Administration – Global MBA |
2 years |
₹ 58,00,000 |
4 |
The University of Florida |
Master of International Business |
1 year |
₹ 26,00,000 |
5 |
Arizona State University – Thunderbird School of Global Management |
Master in Global Management |
2 years |
₹ 52,00,000 |
6 |
Georgetown University |
Master of Arts in International Business & Policy |
1 year |
₹ 58,00,000 |
7 |
Northeastern University – D’ Amore – McKim |
Master of Science in International Business |
1 year |
₹ 35,00,000 |
8 |
George Washington University |
Master of Science in International Business (also as Bachelor’s + MSIB mode) |
1 year (5 years) |
₹ 36,00,000 |
9 |
The University of South Carolina – Darla Moore School |
Master of International Business, Master of International Business + A Master’s Degree |
9 months, 1 year and 10 months |
₹ 26,00,000 |
10 |
Florida International University |
Masters in International Business |
1 year |
₹ 27,00,000 |
Cost of Living in the USA
While studying in America, the expense of living is an additional major bracket adding to the total cost an overseas student will pay. We have given in the below table these costs per year in the nation, which include the cost of student accommodations, transport, food, etc.
Categories |
Amount in USD |
Groceries |
2574 per year |
Three times meal |
9012 per year |
Public transport |
1287 per year |
Internet pass |
759 per year |
Gas & electricity |
1287 per year |
Dormitory |
5149 per year |
Rented apartment |
12874 per year |
Eligibility Criteria to Study Masters in International Business in the USA
- You need a bachelor's degree in business administration or another related sector to apply for Masters in International Business in the United States of America.
- You need to submit your IELTS or TOEFL iBT scores per the university's guidelines to prove your English language proficiency.
- The GMAT or GRE score is also a mandatory eligibility criterion.
- Some universities prefer work experience.
Masters in International Business in the USA: English Language Requirements
University Name |
Exam Name |
Minimum Band Requirement |
The University of Chicago |
IELTS |
7.0 |
Yale University |
IELTS |
7.0 |
New York University |
IELTS |
NA |
The University of Florida |
IELTS |
6.5 |
Arizona State University – Thunderbird School of Global Management |
IELTS |
NA |
Georgetown University |
IELTS |
7.0 |
Northeastern University – D’ Amore – McKim |
IELTS |
Between 7.0 and 8.0 |
George Washington University |
IELTS |
7.0 (no band less than 6.5) |
The University of South Carolina – Darla Moore School |
IELTS |
6.0 |
Florida International University |
IELTS |
6.5 |
Scholarships to Study Masters in International Business in the USA
Scholarship Name |
Description |
Eligibility |
Amount in CAD |
Mitacs Globalink Research Award |
The Mitacs Globalink Research Award – Inria is a competitive initiative that gives faculty and PhD students at Inria Research Centres in France the opportunity to build an international research network and conduct research at Canadian universities. |
A student must meet the following criteria to be considered for a Globalink Research Award – Be a French citizen, a permanent resident, or a student from another country. Students are not permitted to conduct research at an institution where they have previously earned a degree or worked. |
$6,000 |
Affiliated Fellowships Master’s Program |
Each year, the Faculty of Graduate and Postdoctoral Studies awards approximately 50 Affiliated Fellowships to deserving students for full-time graduate study and/or research. |
Students must have received a first-class grade in each of their last two years of full-time study to be considered. All courses taken in a given year are used to calculate GPA. |
$175 to $16,000 |
British Columbia Graduate Scholarship |
BC Graduate Scholarships (BCGS) are available in any field of study, with a focus on research in science, technology, engineering, and mathematics (STEM) fields, as well as support for Indigenous students. Graduate programmes and disciplinary Faculties will award the $15,000 scholarships. |
The following criteria must be met by BCGS recipients: Canadian citizens and Permanent Residents Registered as a full-time student in a UBC graduate programme throughout the funding period |
$15,000 |
EduCanada Study in Canada Scholarships |
The Study in Canada Scholarships provide short-term exchange opportunities for students from post-secondary institutions in new eligible countries/territories to study or research in Canadian post-secondary institutions at the college, undergraduate, and graduate levels. |
Enrolled as a full-time student at a post-secondary institution in an eligible country/territory and paying tuition fees to that institution at the time of application and throughout the exchange |
$60,000 |
Smith School of Business Award |
The annual New Researcher Achievement Awards main goal is to honour a single faculty member whose pre-tenure research has been recognised as outstanding and has brought credit to the Smith School of Business. |
|
$22,000 |
Alberta Graduate Excellence Scholarship |
The new Alberta Graduate Excellence Scholarship honours students pursuing graduate studies in Alberta who have excelled academically. It was created to encourage the best and brightest students, both domestic and international, to study in Alberta. |
Students must meet the following requirements to be eligible:
|
$11,000 |
AU Award for Graduate Studies |
This award honours the abilities of incoming graduate students who have achieved a high level of academic success. |
|
$1,000 |
York Graduate Fellowship |
Graduate students are important members of our learning community at York, and we are dedicated to helping them achieve their academic goals, including timely graduation |
|
$20,880 |
Jobs & Salary after Masters in International Business in the USA
Job Profile |
Salary in USD |
Management Analyst |
Between 47000 and 90000 |
Sales Manager |
Between 68500 and 137000 |
Finance Controller |
Between 55000 and 124000 |
Marketing Manager |
Between 43000 and 99000 |
International Trade Specialist |
Between 42000 and 90000 |
Management Consultant |
Between 59000 and 143000 |
TOP Recruiters
- Deloitte.
- EY.
- PwC.
- KPMG.
- McKinsey.
- Bain.
- Amazon.
How to Apply for a Master in International Business in the USA?
Please follow these steps to apply for a Master of International Business in the USA. Since it's a master's degree, you can directly apply online.
STEP 1: Choose whether you would like to apply in the fall, summer, or spring intake.
STEP 2: Gather all your required documents. These may vary as per your university selection. But here's a general list.
- Graduation scores.
- GMAT / GRE scorecard.
- IELTS / TOEFL score sheet.
- Official transcripts.
- A resume or CV.
- 2-3 letters of Recommendation (LORs).
- Your Statement of Purpose.
- Valid ID proof, passport-sized pictures, and your passport.
STEP 3: Go to your selected university's website and make a student account.
STEP 4: Select your course and click apply now on the course page.
STEP 5: Fill out an application form with your academic and personal details.
STEP 6: Submit all the requested documents and pay the fees when prompted.
STEP 7: If you get an offer letter, prepare to fly to the American subcontinent. Otherwise, you can do one of the following.
- Try again next year.
- Try in the next intake.
- Plead your case with the university.
STEP 8: Done.
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FAQ
What is MS in international business?
An MS in International Business means you to get learn about the business management skills needed to manage any international business and also you can get exposed to the practical applications of the industry.
Is it worth studying international business?
Yes. Studying international business helps candidates to obtain prime management skills, gain an international perspective, build their business knowledge, help to solve business problems and finally empower their employability factor.
What is the highest paying job in international business?
Highest paying job in International Business:
- International Buyer
- International Financial Analyst
- Management Consultant
- International Marketing Manager
- Translator
Is a master's degree in international business good?
Yes. A master's in International Business helps you to acquire job roles like Chief Executive Officer (CEO), Professor/lecturer at the University level, involvement in research work or acquiring jobs in government or multilateral organisations.