Masters in Management in USA teaches is available in over 300 top reputed colleges and universities provide Masters of Management in USA for international students. The course lasts for two years with most colleges. The cost for MS in management in USA may extend from 30 lakhs to 90 lakhs depending on the university. International students requires a minimum of 3.0 GPA or higher for Masters in Management in USA. A minimum of IELTS: 7.5 and TOEFL: 100 is reqired for studying Masters in Management in US. As per the reports, there is 85% employment rate after completing the course. Hence, students with good knowledge and grasp over English language can easily land up a job in the USA. This shows that the job market for Masters in Management is on the rise. Some top Universities in USA for Masters in Management includes MIT, Boston University, Columbia University and many more. The total course fee for MIM in USA for 2 years in Tier 1 universities is around 90 lakhs to 1 Cr and the cost for 2 years in tier 2 colleges ranges from 30 lakhs to 70 lakhs.
Masters of Management in USA Highlights
The table provided below highlights key aspects of Masters in Management in USA:
| Program Type | Full Time |
|---|---|
| Program Type |
Full time, |
| Program Duration | 2 years |
| English Proficiency Requirements | TOEFL score of 100 or higher IELTS score of 7.5 |
| Eligibility Criteria | B4 years bachelors degree in relevant field, US student Visa |
| GPA | 3.0 GPA on a 4.0 scale |
| Tuition Fee Range | Cost of studying in USA for Masters in Management is upto USD 79,056 (INR 64,80,727) each year |
| Average Salary | USD 105,660/year (INR 78.39 Lakhs/year) |
| Top Employers | Amazon, Apple, KPMG, McKinsey, IBM, Microsoft, L’OReal |
Why Study Masters in Management in USA?
Some benefits of studying in USA for Masters of Management curriculum are as follows:
- 706,900 new jobs will be created for MIM graduates by 2028. This means that the job prospect is huge.
- The median average salary of MIM in USA students is USD 105,660/year (INR 78.39 Lakhs/year). This is much more than the yearly tuition fees which means candidates will get huge return on investment.
- International students get up to 12.5% of management jobs. It is easier for international candidates to land up a job in management sector.
- International students do not require work experience for this Masters in Management in USA. They can can easily find colleges which do not ask for work experience to study Master’s in Management.
- Masters in engineering management in USA is taught in top USA colleges
Masters in Management in USA Specializations
Few popular specializations of Masters in Management in US includes:
- Masters in Engineering management in USA – Provides insights and detailed knowledge in Business Practices and Engineering to students with a relevant undergraduate degree
- MS in Information Systems in USA – This combines business management with information technologies
- MS in Project Management in USA – Project management courses in USA explains students to organise a company's resources to accomplish goals within a time-controlled schedule
- MS in Construction Management in USA – A professional degree with an approach to construction education and focus on sustainability
- Masters in Marketing Management USA – Provides solid foundation in business and marketing principles to the candidates
- MS in Supply Chain Management in USA – Provides skills and knowledge required to manage and optimize supply chain processes
- Masters in Health Administration in USA – Teaches students organizing healthcare facilities and manage the business side of the medical institutions
- MBA in sports Management in USA – Masters in supply chain management in USA is specialized program that teaches necessary skills to practice in the world of sports and learn to manage it.
Masters in Management Vs MBA in USA
International students can check below-mentioned table of detailed comparison of Masters in Management and MBA in USA:
| Parameters |
Masters in Management in USA |
MBA in USA |
|---|---|---|
| Tuition Cost | The tuition fees are lower and ranges from USD 30,000 – USD 90,000 (INR 24,78,612 – INR 74,35,836) | Cost of MBA in USA is USD 130,000 (INR 1,07,40,652) |
| Salary | USD 80,000 to USD 115,000 (INR 66,09,632 – INR 95,01,346) | USD 150,000 to USD 200,000 (INR 1,23,93,060 – INR 1,65,24,080) |
| Experience | Not required | Minimum 2-3 years work experience |
| Coursework | MIM in USA covers topics like Engineering Management, Project Management, Supply Chain Management, Health Administration, etc. | MBA in USA covers a wider range of business topics, including marketing, finance, accounting, and operations. |
Top Universities for Masters in Management in USA
According to QS News Ranking 2023 for business and management, these universities are the top in management courses. A list of top universities in USA along with fees for Masters in Management in US are tabulated below:
| Top universities for Masters in Management in USA |
Best Masters in Management Programs in US |
Masters in Management in USA Fees (Per Year) |
|---|---|---|
| Columbia University | MS in Management Science and Engineering (12 months) | USD 79,056 (INR 58.94 lakhs) |
| Northwestern University- Kellogg School of Management | MS in Management Studies (10 months) | USD 60,240 (INR 44.89 lakhs) |
| Boston University - Questrom School of Business | MS in Management Studies (nine months) | USD 58,560 (INR 43.59 lakhs) |
| Yale University- Yale School of Management | Master of Advanced Management (12 months) | USD 76,770 (INR 57.14 lakhs) |
| Massachusetts Institute of Technology | MS in Management Studies (nine months) | USD 78,954 (INR 58.83 lakhs) |
| Stanford University | MS in Management Science and Engineering (18 months) | USD 95,570 (INR 71.22 lakhs (yearly)) |
| University of California, Los Angeles | MSc in Business Administration (24 months) | USD 28,000 (INR 20.77 lakh) |
| University of Michigan, Ann Arbor- Ross School of Business | Master of Management (ten months) | USD 54,985 (INR 40.92 lakhs) |
| Duke University- Fuqua School of Business | Master of Management Studies (ten months) | USD 57,500 (INR 42.82 lakhs) |
| New York University (NYU)- Stern School of Business | MS in Quantitative Management (1.7 years) | USD 76,780 (INR 57.23 lakhs (yearly)) |
Admission Process
Detailed rocedures for MS admissions in USA for Masters in Management program are enlisted below:
- Shortlist the university for application
- Figure out when is the right time to apply
- Check the minimum eligibility criteria
- Submit required documents as mentioned on the websites
- Pay the application fee
- Post application, take necessary consideration for US student visa
Masters in Management in USA Eligibility Criteria
Minimum MS in USA eligibility at Masters in Management curriculum are listed below:
- An undergraduate degree of three years or more from a recognized university
- Should have a GPA of 3.0 or higher.
- Should have completed the undergraduate degree program within five years from the date of application.
- Bachelor’s degree with at least 83% score
- 3.0 GPA on a scale of 4.0 GPA
- A IELTS score of 7.5 or TOEFL score of 100
- Confident and Sound Interview Performance
- GMAT score of 675-790 and GRE score of 300-320
Application Fee for Masters in Management in US
Certain universities in USA without application fees. International students can check below-mentioned application fees of Masters in Management course in USA:
| Top universities for Masters in Management in USA | Application Fee |
|---|---|
| Columbia University | USD 100 (INR 8217) |
| Northwestern University | USD 125 (INR 10271) |
| Boston University | USD 125 (INR 10271) |
| Yale University | USD 100 (INR 8217) |
| Massachusetts Institute of Technology | USD 150 (INR 12325) |
| Stanford University | USD 100 (INR 8217) |
| University of California, Los Angeles | USD 140 (INR 11503) |
| University of Michigan, Ann Arbor- Ross School of Business | USD 100 (INR 8217) |
| Duke University | USD 125 (INR 10271) |
| New York University | USD 100 (INR 8217) |
Application Deadline for Masters In Management in USA
The application deadline for all the universities has been closed for the season. The new deadlines are yet to be announced which usually starts by the month of October. Candidates can check the official website for upcoming deadlines. The application deadlines for top universities in USA for Masters in Management course are:
| Top universities for Masters in Management in USA | Admission Deadlines |
|---|---|
| Columbia University | February 15, 2023 (applications closed) |
| Northwestern University | February 20, 2023 (applications closed) |
| Boston University | February 8, 2023 (application closed) |
| Yale University | February 22, 2023 (applications closed) |
| Massachusetts Institute of Technology | February 15, 2023 (applications closed) |
| Stanford University | December 13, 2022 (applications closed) |
| University of California, Los Angeles | January 7, 2023 (applications closed) |
| University of Michigan, Ann Arbor- Ross School of Business | February 17, 2023 (applications closed) |
| Duke University | January 18, 2023 (applications closed) |
| New York University (NYU) | February 1, 2023 (applications closed) |
Masters in Managemet in USA Admission Requirement
Score requirements for exams to study in USA for Masters of Management is tabulated below:
| Masters in Management in USA Universities | Study Abroad minimum scores | Masters in Management in USA ELP score |
|---|---|---|
| Columbia University | GMAT: 790 GRE: 300 |
TOEFL iBT: 105 IELTS: 7.5 |
| Northwestern University | The university offers Masters in Management in USA without GMAT and GRE | TOEFL iBT: 100 IELTS: 7.0 |
| Boston University | The university offers Masters in Management in USA without GMAT and GRE | TOEFL iBT: 100 IELTS: 6.5 |
| Yale University | The university offers Masters in Management in USA without GMAT and GRE | TOEFL iBT: 105 IELTS: 7.5 |
| Massachusetts Institute of Technology | GMAT: 700-770 GRE: 320 |
TOEFL iBT: 100 IELTS: 7.0 |
| Stanford University | GMAT: 790 GRE: 320 |
TOEFL iBT: 105 IELTS: 7.5 |
| University of California, Los Angeles | GMAT: 680-750 | TOEFL iBT: 80 IELTS: 6 |
| University of Michigan, Ann Arbor- Ross School of Business | GMAT: 675-750 | TOEFL iBT: 100 IELTS: 7.0 |
| Duke University | GMAT 690-740 | TOEFL iBT: 100 IELTS: 7.0 |
| New York University | It is one of the without GRE universities in USA | TOEFL iBT: 100 IELTS: 7.0 |
Documents Required for Masters of Management in USA
Required documents for Masters in Management USA are enlisted below:
- A resume with a clear description of the educational, professional, and extra-curricular qualifications.
- Candidates must provide mark sheets from Class 10, 12, and Under Graduation
- 2-5 Letters of Recommendation
- Candidates must submit official GMAT/GRE scores
- English Proficiency Score IELTS and TOEFL
- Statement of Purpose is crucial for making an excellent first impression
- F1 visa application to study in USA
Cost of Living in USA
Average and estimated cost of living in USA is highlighted below in the table:
| Expense Type | Estimated Yearly Cost |
|---|---|
| Accomodation | 9,800 USD (INR 8,07,067) |
| Meals | NR 41,176) |
| Transportation | 600 USD (INR 49,412) |
| Health Insurance | 800 USD (INR 65,883) |
| Personal Expenses | 300 USD (INR 24,706) |
| Total | 12,000 USD (INR 9,88,245) |
Masters in Management in USA Scholarships
A list of scholarships to study in USA offered by top universities along with eligibility and award value for international studentare as follows:
| University | Name | Eligibilty | Details |
|---|---|---|---|
| Columbia University | Perelman Scholarship Fund | Underrepresented racial, ethnic, and socio-economic groups | Provides full tuition awards |
| Northwestern University | David Himmelblau Schoalarship | To one student based on overall achievement and academic abilities | Tuition fee waiver |
| Boston University | Merit Scolarship | Cumulative GPA must be 3.0 or higher | Up to USD 5,000 disbursed in even installments per course of enrollment |
| Yale University | Merit-Based Scholarships | Require no separate formal application All applicants are considered for merit-based funding | NA |
| Massachusetts Institute of Technology | McKinsey Award | Students with outstanding merit, leadership skills, campus and community involvement | USD 10,000 (INR 8,19,765) |
| Stanford University | Aga Khan Foundation Scholarships | International graduate seeking students with great academic records, extracurricular achievements | 50% discounts on tuition cost |
| University of California, Los Angeles | Forté Fellowships | Awarded for two years to students committed to be an advancing and enhancing next generation female leaders | Award value varies |
| University of Michigan, Ann Arbor | Ross MM Scholarship | Awarded to students with strong academic achievements and leadership skills | Amount varies |
| Duke University | Fuqua Merit Scholarships | International students with excellent academic scores | Amount varies with waiving partial to full-tuition fees |
| New York University | Stern Scholarship | Awarded to international applicants having strong academics | Full tuition fee for the first academic year |
Jobs After Masters in Management in USA Course
A list of popular roles of jobs after MS in USA along with estimated annual salary structure are as follows:
| Job Roles or Designations | Average Salaries Per Year (Estimated) |
| Human Resources Manager | USD 79,355 (INR 65,05,238) |
| Project Manager | USD 82,188 (INR 67,37,477) |
| Director of Operations | USD 1,00,635 (INR 82,49,696) |
| Operations Manager | USD 75,299 (INR 61,72,741) |
| Executive Director | USD 92,922 (INR 76,17,412) |
| Government Program Manager | USD 1,06,274 (INR 87,11,960) |
| Marketing Director | USD 1,10,075 (INR 90,23,553) |
| Chief Executive Officer | USD 1,24,720 (INR 102,24,097) |
| Management Consultant | USD 97,582 (INR 79,99,422) |
Top Recruiters for Masters in Management in USA
Top recruiters offering jobs in USA after completing Masters in Management in US are enlisted below:
- IBM
- Microsoft
- KPMG
- Amazon
- Apple
- BCG
- BNP Paribas
- McKinsey & Company
- L’OReal
Work Permit in USA
All International students require a work permit to work in the United States after completing Masters in Management program. The USA offers various types of visas for international students. F-1 visas are the most common for international students. The US student visa is issued after submitting these documents:
- Acceptance letter from the university and all academic transcripts.
- Provisional, migration, birth, and character certificates of applicants.
- Letter of sponsorship and sponsor’s relationship certificate.
- Official I 20 form signed by both the candidate and the university.
- 6-months Bank Statement and Balance Certificate
- Sponsorship Letter and Relationship Certificate
- SEVIS fee receipt for interview
- Original I-20 approved and signed by the candidate and the university.
- Bank statements and transaction lists of the last six months as proof of funds.
- The SEVIS charge has to be paid before candidates attend their visa interviews.
After these documents are submitted, candidates will be called for a personal interview. The visa authorities will verify documents and test applicants for their readiness to study in the USA.
ROI for the Top Colleges Providing Masters in Management in USA
Most colleges try to maximize the return on investment after a student finishes the Masters in management.Candidates can check their investment or expense and the return on that which they will receive in the form of salary. The more return on investment, it is better for the candidates to take admission to the university. The average salary after MS in USA with high return on investment of top universities are as follows:
- California State University-Los Angeles
- University of Michigan, Ann Arbor
- Duke University
- Boston University
| Top universities for Masters in Management in USA | Annual Tuition Fees | Cost of Living | Total Expense | Average Annual Salary | ROI |
|---|---|---|---|---|---|
| Columbia University- Columbia Business School | USD 79,056 (INR 58.94 lakhs) | USD 12,000 (INR 9,88,245) | USD 91,056 (INR 75,24,458) | USD 105,660/year (INR 78.39 Lakhs/year) | 116% |
| Northwestern University- Kellogg School of Management | USD 60,240 (INR 44.89 lakhs) | USD 72,240 (INR 59,69,588) | 146% | ||
| Boston University- Questrom School of Business | USD 58,560 (INR 43.59 lakhs) | USD 70,560 (INR 58,30,760) | 149% | ||
| Yale University- Yale School of Management | USD 76,770 (INR 57.14 lakhs) | USD 88,770 (INR 73,35,553) | 119% | ||
| Massachusetts Institute of Technology | USD 78,954 (INR 58.83 lakhs) | USD 90,995 (INR 75,19,417) | 116% | ||
| Stanford University | USD 95,570 (INR 71.22 lakhs) | USD 1,07,570 (INR 88,89,100) | 98% | ||
| California State University-Los Angeles | USD 28,000 (INR 20.77 lakh) | USD 40,000 (INR 3305420) | 264% | ||
| University of Michigan, Ann Arbor- Ross School of Business | USD 54,985 (INR 40.92 lakhs) | USD 66,985 (INR 55,35,338) | 157% | ||
| Duke University- Fuqua School of Business | USD 57,500 (INR 42.82 lakhs) | USD 69,500 (INR 5743167) | 152% | ||
| New York University (NYU)- Stern School of Business | USD 76,780 (INR 57.23 lakhs) | USD 88,780 (INR 7336379) | 119% |
Candidates can have a bright future studying Masters in management in USA. The program teaches skills that the students can use in their real life as well as in their jobs. The ROI is huge and all colleges and companies try to maximize it over the years.
FAQs
Ques. Is Master of Management worth it in USA?
Ans. Masters in Management in USA is No.1 in the U.S. for Career Opportunities, and No. 3 overall. This makes this course highly worth doing.
Ques. What is MA in management in USA?
Ans. Masters in Management in USA is available as an MS course lasting for up to two years with some universities. It focusses on management skills of the candidates.
Ques. Does MIM have scope in USA?
Ans. MIM in USA does not require any work experience. MIM in USA provides sufficient employment opportunities as well.
Ques. Is Master's in Management better than MBA?
Ans. Masters in management in USA and MBA in USA are different. MIM does not require work experience while MBA does. Hence, it depends on the requirements of the candidate.
Ques. What is the salary of a MIM in the US?
Ans. The median average salary of MIM students is USD 105,660/year (INR 78.39 Lakhs/year), higher than most occupations in the USA.
Ques. Can I do MIM without GMAT?
Ans. Candidates can do MIM without GMAT. They require higher GPA or 70% above in graduation.
Ques. Do Indians get job after MIM?
Ans. Indian Graduates will have job opportunities in both the private and public sectors after MIM in USA.
Ques. What is MIM called in USA?
Ans. MIM stands for Masters in Management. It is a professional degree offered by several US universities and colleges.
Ques. Is MIM cheaper than MBA?
Ans. Master in Management degree is typically cheaper than an MBA course in USA.
Ques. Who are eligible for MIM?
Ans. Candidates must have a bachelors degree from a recognized university. Some universities have a minimum GPA requirement. Candidate should clear the English-language proficiency test such as IELTS, TOEFL or PTE with the required score.
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