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    Masters in Management in USA: A Comprehensive Course Guide for International Students

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    Komal Yadav

    Study Abroad Expert


    Masters in Management in USA is available as an MS course lasting for up to two years with some universities. MiM in USA focuses on teaching leadership and management skills through an action-based curriculum. The average cost of pursuing the cost with top US universities is around 56,800 USD to 150,000 USD. For an Indian student, this estimates to 41 lakhs to 1Cr. 

    Check out some of the top scholarships to study in USA!

    To get into masters in management in the US, international applicants will need to have a good score in their bachelor’s (83-86% or more) along with language proficiency scores (TOEFL or others). Competitive GMAT scores are required to get into most of the top universities offering masters in management in the USA, however, GMAT waivers are available for studying in the USA.

    The management industry boasts offering cushy median salaries of up to 128,000 USD (94 lakhs INR) per annum. Employment rates reported by top business-schools for their MiM graduates is over 85%, suggesting that job prospects in the USA after completion of MiM are on the rise. 

    Top Universities offering Masters in Management in USA

    A list of top-ranking universities offering Masters of Management in the US, according to QS News Ranking 2020 for business and management, along with course duration and total fees are given below:

    QS Ranking 2020 University University Program Offered & Duration Total Program Fees (in USD)
    4 Massachusetts Institute of Technology  MIT Sloan School of management MS in Management Studies; 9 months 141,535
    5 Stanford University Stanford Engineering MS in Management Science and Engineering; 1.5 years 149,080
    14 Northwestern University Kellog School of Management MS in Management Studies; 10 months 57,336
    18 Columbia University Columbia Business School MS in Management Science and Engineering; 1 year 72,000
    19 Yale University Yale School of Management Master of Advanced Management; 1 year 72,350
    20 New York University (NYU) Stern School of Business MS in Quantitative Management; 1.7 years 67,000
    27 University of Michigan, Ann Arbor Ross School of Business Master of Management; 10 months 57,318
    28 University of California, Los Angeles (UCLA) Anderson School of Management MS in Management; 1.3 years 75,816
    46 Duke University Fuqua School of Business Master of Management Studies; 10 months 70,666
    51-100 Boston University Questrom School of Business MS in Management Studies; 9 months 56,854

    Why Choose Masters in Management in USA?

    The USA is home to numerous top business schools offering internationally recognized Masters in Management degree. It provides valuable theoretical and practical knowledge that prepares students for working as a business manager in the ever-changing competitive world of business. Following are some other reasons why international students prefer to study masters in Management in the USA: 

    • Unlike MBA in the USA, applicants have no need for work experience to excel in the field.
    • Management occupations are expected to grow by 7% from 2018 to 2028 in the USA while the national average for all occupation is only 5%
    • 706,900 news jobs are expected to be created in the management field by 2028.
    • The median annual salary for management occupations is 105,660 USD. This is the highest paygrade among all major occupational groups in the USA. 
    • After 2019’s economic survey, there are around 12.5% of jobs available for international graduates in the field of management.

    Admission Process of Masters in Management in USA

    The international students have to go through some rigorous process to take admission in the best universities for Masters in Management in US. Details about admission requirements are discussed further in this section.

    Eligibility for Master of Management in USA Admission 

    • Bachelors degree with a minimum 3.0 GPA on a 4.0 scale (equivalent to 83% to 86%)
    • GRE or GMAT scores
    • Proof of English Proficiency
    • Interview

    Minimum GRE/GMAT score required along with the application fees of top universities in USA offering Master of Management is provided below: 

    University Application Fee Minimum GMAT/GRE Required
    Duke University  125 GMAT: 690-740
    MIT  150 GMAT: 700-770; GRE- 320
    Columbia University 100 GRE: 300; GMAT: 790
    Stanford University 100 GMAT: 790; GRE: 320
    University of California, Los Angeles (UCLA) 140 GMAT: 680-750
    University of Michigan, Ann Arbor 100 GMAT: 675-750
    Northwestern University 125 NA
    Yale University 100 No minimum score specified
    New York University 100 No minimum score specified
    Boston University 125 No minimum score specified

    Documents Required for Master of Management in USA Admission

    The admission process in the US’ higher education institution involves a lot of paperwork. The application package required when applying here includes documents like proof of language proficiency, education certificates, etc. The details of these documents are given below:

    • Resume: Detailed resume with all the necessary academic qualifications, work experience, projects, internships, and other co-curricular activities.
    • Mark sheets: The applicants need to submit all the necessary mark sheets and passing certificates of class 10, 12 and undergraduate degrees.
    • Letters of Recommendation: Each university requires either 2 or 3 letters of recommendation for the applicant. The hard copy of letters should be sent to the respective university
    • Standardized test scores: Applicants may be required to submit GMAT scores for some of the universities.
    • English Proficiency Score: As English is not the native language, the applicants need to write TOEFL or IELTS examination to prove their efficiency in the English language.
    • Statement of Purpose: Each applicant needs to submit the statement of purpose online to explain the sole reason for choosing such a course.

    Proof of English Proficiency for International Students 

    International students from a country where English is not the first language are required to submit IELTS or TOEFL test scores as proof of English proficiency. The minimum score requirement is provided below:

    • IELTS: 7.0 to 7.5
    • TOEFL (iBT): 80 to 100

    US Student Visa

    The USA has different types of visas. F1 is used for those who want to pursue academics in universities in the USA. The US study visa is issued post submission of the following documents:

    • University Acceptance Letter and all academic documents (Transcripts)
    • Migration, provisional, character, and birth certificates
    • Original I-20 signed and approved by both the University authority and candidate
    • Sponsorship letter and relationship certificate from the sponsor
    • Last 6-month’s bank transaction and balance certificate as financial proof
    • Pay SEVIS fee before the visa interview

    Once these documents have been submitted, the applicant will be invited for an interview process. Visa will be issued only if the applicant has cleared their visa interview.

    Cost for Pursuing Masters in Management in USA

    International applicants who wish to study in the USA must ensure that they have enough funds to sponsor their education. The cost of study can be divided into three categories: Pre-arrival Cost, Tuition Fees, and Cost of Living.

    Pre-arrival Cost 

    This is the one time cost incurred before arrival at the university. A summary of such expenses is provided below: 

    Tuition Fees of Master of Management in USA

    The tuition fees for pursuing masters in management at top universities in the USA is discussed previously. The table below gives the estimates of costs for Indian students planning to study in the USA:

    University Total Program Fees (~in INR)
    Massachusetts Institute of Technology 1.03 Cr
    Stanford University 1.08 Cr
    Northwestern University 41.81 lakhs
    Columbia University 52.50 lakhs 
    Yale University 52.76 lakhs
    New York University (NYU) 48.86 lakhs
    University of Michigan, Ann Arbor 41.80 lakhs
    University of California, Los Angeles (UCLA) 55.29 lakhs
    Duke University 51.53 lakhs
    Boston University 41.46 lakhs

    Cost of living in USA

    Depending on the costs of house rents, meal plans, travel costs, the students have to decide the best available option for them to stay. A detailed list of the monthly cost of living in USA across the cities is given below:

    Cities in USA House Rent Food Transport (Monthly pass) Miscellaneous Total
    Durham $1500 $450 $36 $500 $2486
    Long Beach $1700 $650 $65 $1000 $3415
    Cambridge $2600 $300 $84 $600 $3584
    New York $3200 $650 $127 $1500 $5500
    Los Angeles $2800 $500 $100 $1000 $4500
    Stanford $3000 $520 $120 $1200 $5300
    Tempe $1700 $400 $40 $700 $3000
    San Francisco $3200 $500 $81 $1000 $4781
    Ann Arbor $1300 $400 $58 $600 $2358

    Note: All the cost mentioned above are in USD. 

    Scholarships for Masters in Management in USA 

    Due to huge financial burden because of the tuition fees of masters of management in USA and added living expenses, the international students seek aid through scholarships. List of scholarships in USA for international students are as follow:

    University Scholarship Amount (in USD)
    Fuqua School of Business  Fuqua Merit Scholarships Waiving off tuition fees
    Sloan School of management Research Assistantship 33,924 per year
    Columbia Business School Laidlaw Foundation Scholarship 7,500-30,000
    Stanford University The Aga Khan Foundation 50% off tuition fees
    Anderson School of Management Education Future International Scholarship 3,000-14,000
    Ross school of business Ross MM Scholarship Varies

    Interested to know more about scholarships in USA, click here

    Job Prospects after Masters in Management in USA

    Masters in Management became popular among international students as a substitute of MBA from the last decade. After graduating, international students have a high possibility of getting great job opportunities in the USA.

    The average salary earned by a graduate with a degree in Master of Management in USA is 76,000 USD per annum. Some of the top recruiters for this program are Lockheed Martin, Booz, Allen & Hamilton, US Army etc.

    Top recruiters

    Students can get the following jobs after completion of Master of Management in USA: 

    Job Role Average Annual Salary (USD)
    Human Resource Director 96,000 
    Human Resource Manager 72,000
    Project Manager 78,000
    Operations Manager 72,000
    Director of Operations 96,000
    Executive Director 86,000

    ROI for Masters in Management in USA Universities

    As the investment on the course is extremely high, it becomes essential for international students to understand how much they can make after completing their courses. Discussed below are the average payscales of MiM graduates from some of the top business schools in the USA:

    Universities Payscale (USD/year)
    MIT 211,000
    Stanford  175,000
    Northwestern University 103,000
    Yale University 233,000
    Boston University 145,000
    Duke University 108,000
    UCLA 178,000

    It can be concluded that with a MiM degree, you can earn your investments back in year and a half. MiM courses still view lesser number of applications from international students when compared with MBA courses in USA. The major reason for the same the popularity of the program. Discussed below are some of the factors to note if you are still indecisive on MBA and masters in management from the US. 

    MIM (Masters in Management) vs MBA: Which is Better

    The students sometimes fail to choose the right career pathways. MBA has always been believed to be the best academic course for a sudden career. Master in Management is a comparatively new degree offered in USA, Europe, Australia and few Asian countries for career growth in specialized managerial skills. Detailed information on MIM vs MBA is provided below to help you make a better choice. 

    MBA v/s Master in Management

    Although, not given as much value as MBA yet, Masters in Management is emerging as an alternative to it among students. Its admission process and curriculum is relatively more easy. The job roles offered to MBA and Masters in Management in USA is the same with little pay disparity.

    Engineering graduates can also choose pursue Masters in Engineering Management in USA which is a more specialized degree for this domain. 

    FAQs

    Ques. Which universities offer Masters in Management in USA?

    Ans. Duke University, California State University, MIT, University of Columbia and the University of Southern California are some of the popular universities offering Masters in Management (MIM) in USA.

    Ques. How much time is required to complete a Masters in Management (MIM) in USA?

    Ans. A Masters of Management in USA can be completed within 10 to 18 months. However, MIT Sloan School of Management offers a Masters in Management degree of 9 months only.

    Ques. How much does it cost to study Masters in Management in US?

    Ans. Total tuition fees of top-ranking universities offering Masters in Management in USA ranges between 16,800 USD to 141,000 USD. Cost of living in USA for international students is approximately 15,000 USD.

    Ques. What are the admission requirements for Masters of Management in USA?

    Ans. A bachelors degree with at least a 3.0 GPA is required to apply for Masters in Management in US. International students are also required to submit IELTS or TOEFL test scores to demonstrate proficiency in English language.

    Ques. What are the job prospects after completion of Masters in Management in USA?

    Ans. MIM graduates usually are hired for management roles such as HR Manager, Operation Manager, Project Manager etc. Average salary of a student having Masters in Management in US is 96,000 USD per annum.