Masters in Management in USA

masters-in-management-in-usa

Are you planning to pursue a MIM degree in the United States of America? Do you think whether it is a good idea or not? Do you want to find out about the best colleges in the USA for the same? If yes, then you are browsing the correct web page. There is no question why America has been the most preferred study abroad destination for overseas students. You already know that most universities there are the top-ranked for higher education. So if you are also someone who has completed your bachelor's and is looking forward to continuing with a MIM qualification.

Masters in Management in USA: Course Highlights

Course Name

Degree

Duration (in yrs.) (Approx.)

Top universities

Masters in Management

Postgraduate

1 to 2

Duke University, Columbia University, Yale University

Why Masters in Management in USA?

  • You will study in a culturally diverse environment with other international students and get to know personally about their culture, making you more in demand with global companies.
  • The United States of America offers various support facilities such as English language practice courses, orientations, training, etc.
  • The education is flexible, meaning that you will learn as per your interests, strengths, and career goals.
  • You will continuously grow in your chosen area of study.
  • The US universities work towards shifting their classroom methods and structures to keep learning fresh, engaging, and relevant.
  • You don't need any work experience to be eligible.
  • It is estimated that about 706900 jobs will be available by 2028 in management in the USA. This area will grow by 7% in 2028 (starting from 2018).
  • The median salary for a management graduate is approximately 105660 USD, which is the highest pay grade in the USA.
  • There are about 12.5% of jobs for international students in management in America. 

TOP Universities offering Masters in Management in USA

S.NO

University Name

QS World Ranking

City

1

Duke University

52

Durham

2

Columbia University

19

New York City

3

Yale University

14

New Haven

4

New York University (NYU)

42

New York City

5

Massachusetts Institute of Technology

1

Cambridge 

6

Stanford University

3

Stanford

7

The University of Michigan, Ann Harbor

23

Ann Harbor

8

The University of California, Los Angeles (UCLA)

40

Los Angeles

9

Northwestern University

30

Evanston

10

Boston University

112

Boston

Cost of Studying Masters in Management in USA

The course fees for MIM in the USA depend entirely on the university you enrol in. However, we calculated the usual average estimate fee at 56,854 to 149,080 USD, about 41,78,587 to 1,09,56,902 INR.

Tuition Fees

S. NO

University Name

Program

Duration (in yrs.)

Tuition Fees in INR (Approx.) 

1

Duke University

Master of Management Studies

0.10

45,30,133

2

Columbia University

MS in Management Science and Engineering

1

60,84,507

3

Yale University

Master of Advanced Management

1

60,73,283

4

New York University (NYU)

MS in Quantitative Management 

1.8

52,71,381

5

Massachusetts Institute of Technology

MS in Management Studies

0.9

60,31,572

6

Stanford University

MS in Management Science

1

98,86,431

7

The University of Michigan, Ann Harbor

Master of Management

0.10

38,19,293 (Michigan students) and 42,00,497 (non-Michigan students)

8

The University of California, Los Angeles (UCLA)

MS in Management

1.3

13,56,443 (California students) and 25,10,138 (non-California students)

9

Northwestern University

MS in Management Studies

0.10

46,01,944

10

Boston University

MS in Management Studies

0.9

46,63,823

Cost of Living in USA

Besides managing your tuition and application fee costs, you also need to work around additional miscellaneous charges to survive for the duration of your stay or course in America. 

These are divided into the following categories.

Kind of Expenses

Amount in USD (Monthly) (Approx.)

Accommodation

200

Electricity

20

Groceries

150

International Calling Cards

15

Home Internet

15

Cell Phone

50

Restaurant Meals

75

Entertainment

100

Car Insurance

100

Petrol for Car

75

Weekend Activities

100

Shopping

100

Masters in Management in USA: Eligibility Criteria

  • To qualify for MIM in the USA, you need at least a 3.0 GPA on a 4.0 scale in your bachelor's degree.
  • You need to provide proof of your English proficiency with a test scorecard such as IELTS or TOEFL (iBT).
  • You need to also clear GRE or GMAT entrance exam with the minimum score.
  • If selected, you may be called for an interview round.
  • You need a Statement of Purpose (SOP) and 2 to 3 Letters of Recommendation (LORs).
  • You must submit your 10th and 12th-grade cards (high school grade cards for non-Indians).
  • You need a CV with a detailed description of your previous academic achievements, projects undertaken, work experience, internships, etc. 

Exams Required to Study Masters in Management in USA

Exam Name

Minimum Band Requirement

IELTS

7.0 to 7.5

TOEFL (iBT)

80 to 100

GRE

320

GMAT

700 to 770

Masters in Management in USA: Scholarships

S.NO

Scholarship Name

Description

Eligibility

Amount in USD (Approx.)

1

Research Assistantship

The selected student has to assist their professor in research

Depends on university

Depends on the university

2

Ross MIM Scholarship

Merit-based scholarship offered by the Ross School of Business at the University of Michigan

Based on outstanding Academic and leadership qualities plus  financial need

10000 to full tuition

3

Laidlaw Foundation Scholarship

Founded by Lord Laidlaw, this scholarship is offered to create a colourful and diverse community of scholars

Depends on university

Depends on the university

4

Fuqua Merit Scholarships

A collection of merit scholarships to award to the best students

Based on previous academic achievement, leadership excellence, community influence, ability to donate to Fuqua, and professional  experience.

Partial to full tuition fees

5

The Aga Khan Foundation Scholarship 

The foundation offers a limited number of scholarships to outstanding international  PG  students from select developing countries who have no other means to finance their education.

International students from Bangladesh, India, Pakistan, Afghanistan, Tajikistan, Kyrgyzstan, Syria, Egypt, Kenya, Tanzania, Uganda, and Madagascar who are under 30 years old with academic-merit and financial need 

50% grant and 50% loan basis

6

Education Future International Scholarship

It is a scholarship made by scholarship winners worldwide with whatever they can contribute

You need to be an Indian national with a valid Indian passport, at least 60% in 10th and 12th and must have at least 50% in education loans

2618 to 13097

How to Apply for Masters in Management in USA?

If you dream of applying for the MIM in America after completing your bachelor's degree, here's what you need to do in a step-by-step guide.

Step 1: You need to ensure that your bachelor's degree (some universities accept diplomas) is accepted in your chosen university. Make sure that you have gained the minimum GPA, and check whether the institution requires your qualification to be in a specific subject or not.

Step 2: Most of the universities in the USA don't require any work experience in the USA, but if yours does, you need to make sure that you have gained enough work experience to earn a seat.

Step 3: You need to complete an English language proficiency test such as IELTS or TOEFL (iBT) to show your competency in the language since all of the courses in America are taught in English.

Step 4: The Universities in the USA have made the GRE or GMAT entrance exam optional due to the coronavirus pandemic. However, some universities have still kept it mandatory. So check with your university requirements for the same.

Step 5: The next step is to make sure that you have planned your finances to pay for your course fees and manage living costs in the USA. You can gain student loans, scholarships, and various other financial support options—research online for the best way per your needs.

Step 6: Once you have completed the above steps, gather all your required documents and submit an online application. Again, the university will guide you on the step-by-step process. So if you pay attention, everything will go smoothly.

Step 7: Wait for your result.

Step 8: Done.

Career Opportunities after Masters in Management in USA

After completing your Masters in Management degree in America, you are eligible for many high-paying work opportunities. 

Below we have listed these fantastic job opportunities for your reference.

Job Profiles

Salary in USD (Approx.)

HR Director

96000

Director of Operations

96000

Executive Director

86000

Project Manager

78000

HR Manager

72000

Operations Manager

72000

TOP Recruiters

  • The United States Army.
  • The United States Air Force.
  • Lockheed Martin.
  • Northrop Grumman.
  • Booz.
  • Allen.
  • Hamilton.

We hope you got valuable information on MIM in the USA from our blog. If you want to pursue MIM in the USA, AECC Global can help you get into the top university. Contact us today.

AECC Global is one of the world's leading educational consultancies with versatile expert professionals ready to help you with any queries you may have. Contact us so we can be of assistance to you in your journey to achieving your dream.


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