The MIM degree program includes specializations such as human resource management, product management, healthcare management, international management, marketing, and finance. The lessons students learn will prepare them for supervisory positions within companies to help them succeed in their careers and aid in bonding with colleagues with similar interests and goals at work. MIM in the USA is ideal for students without years of work experience. The MIM program is a Master of Science is higher education that emphasises teaching necessary leadership and management skills to students and industry internships. The United States is the world’s largest economy which presents ample opportunities for MIM graduates to pursue a successful career in management. After a MIM in the USA, the average salary is up to $128,000/year, with top business schools reporting an 85% employment rate after completing the course. An international student with a bachelor’s degree and a good command of English can quickly recover the cost of studying within a few years after spending on living expenses.
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Why Study Master of Science in Management (MIM) in the USA?
The USA has some of the world’s biggest companies in every industry. The US economy has many great companies looking for great business managers, from technology to agriculture. Let’s look at a few reasons to study for a Master of Science in Management program in the USA.
- 706,900 new jobs will be created for MIM graduates by 2028.
- The median average salary of MIM students is $105,660/year (INR 78.39 Lakhs/year), higher than most occupations in the USA.
- International students in management get up to 12.5% of management jobs.
- The USA has some of the best business schools in the world.
- Unlike an MBA, students can easily find colleges that do not require work experience to study Master’s in Management.
Top Universities for Masters in Management in the USA
The US is home to some of the best graduate schools offering business education. Completing the coursework from these institutes leads to career opportunities in consulting, project management, entrepreneurship, international business, and business analytics. Following is a list of the top universities offering MIM in the USA and their tuition fees according to the QS News Rankings 2022.
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Massachusetts Institute of Technology’s Sloan School of Management
The MS in Management Studies program by Sloan School of Management offers specialisations such as Economics, Finance, and Accounting (EFA), Behavioral and Policy Sciences (BPS), and Management Science (MS). A MSMS from MIT Sloan can get you placed at companies such as American Airlines, Hawthorn, PwC Advisory, Halosys, BMW Group, and AstraZeneca.
Ranking: 1
Program: MS in Management Studies
Duration: 9 months
Total Program Fees: INR 1 Cr
Stanford University’s Stanford Engineering
The MS in Management Science & Engineering from Stanford University offers specialisations such as Financial Analytics, Operations and Analytics, Technology and Engineering Management, Computational Social Science, Decision and Risk Analysis, Energy and Environment, and Health Systems Modeling. A few notable companies that employ students through campus placements are Apple, Dropbox, Facebook, Google, and Ascend Analytics.
Ranking: 3
Program: MS in Management Science & Engineering
Duration: 1.5 years
Total Program Fees: INR 1 Cr
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Yale University’s Yale School of Management
The Master of Advanced Management from Yale School of Management enrols students from over 27 countries with more than 40% women. Placement seasons at Yale see some amazing companies with lucrative opportunities such as Mars & Co, Apex Clean Energy, Barclays PLC, Pfizer Inc, Amazon, and Walmart.
Ranking: 14
Program: Master of Advanced Management
Duration: 1 year
Total Program Fees: 54 lakhs
Columbia University’s Columbia Business School
MS in Management Science and Engineering from Columbia Business School offers various specialisations such as Operations & Analytics, Pricing & Revenue Management, Entrepreneurship & Innovation, Logistics & Supply Chain Management, Financial Technology (FinTech), and Healthcare Management.
Ranking: 19
Program: MS in Management Science and Engineering
Duration: 1 year
Total Program Fees: 54 lakhs
The University of Michigan, Ann Arbor’s Ross School of Business
The University of Michigan, Ross School of Business’s Master of Management program, is an inclusive course with as much as 41% female students. Placements at this institute see organisations such as Amazon, General Mills, Deloitte, KPMG, PepsiCo, and Oracle.
Ranking: 23
Program: Master of Management
Duration: 10 months
Total Program Fees: 43 Lakhs
Northwestern University’s Kellogg School of Management
Northwestern University’s Kellog School of Management’s MS in Management Studies presents a holistic approach to MIM in the USA by striking a balance between classroom studies and internships. The institute offers students placement opportunities in notable companies such as Google Inc, Johnson & Johnson, Deloitte, and Accenture.
Ranking: 30
Program: Master of Management Studies
Duration: 10 months
Total Program Fees: 43 Lakhs
Duke University’s Fuqua School of Business
Duke University’s Fuqua School of Business hosts more than 40% of international students from over 20 countries every year for Master of Management Studies. Students can get job opportunities in companies such as General Motors Co, Google Inc, IBM Corporation, Microsoft Corporation, Accenture, Deloitte, and Ernst & Young.
Ranking: 52
Program: Master of Management Studies
Duration: 10 months
Total Program Fees: 53 Lakhs These are some of the many business schools offering Masters in Management programs. Students can easily find an accredited university for their studies in the US.
Eligibility Criteria
Most graduate schools’ eligibility criteria are relatively modest, which gives students a better chance at securing admission to the university of their choice. Following are the essential eligibility criteria for most schools offering Masters in Management programs.
- Bachelor’s degree with at least 83% to 86% score (3.0 GPA on a scale of 4.0 GPA)
- Proof of English Proficiency (IELTS, TOEFL)
- GRE or GMAT scores
- Confident and Sound Interview Performance
GRE/GMAT scores are a requirement for a master’s degree in almost every business school, along with the application fees. Let’s look at the application fees and the minimum GRE/GMAT score for some top universities.
| University | Application Fee | Minimum GMAT/GRE Score |
|---|---|---|
| Duke University | $125 | 690-740 |
| MIT | $150 | 700-770 (GMAT) 320 and above (GRE) |
| Columbia University | $100 | 790 (GMAT) 300 (GRE) |
| Stanford University | $100 | 790 (GMAT) 320 (GRE) |
| University of Columbia, Los Angeles | $140 | 680-750 |
| University of Michigan, Ann Arbor | $100 | 675-750 |
| Northwestern University | $125 | Not Applicable |
| Yale University | $100 | No Minimum Score Specified |
| New York University | $100 | No Minimum Score Specified |
| Boston University | $125 | No Minimum Score Specified |
Documents Required
Your admission to the program depends on the authenticity of your documents. You require the following documents to secure admission to the Master of Science in Management in the US.
- Resume: A well-crafted resume with a clear and concise description of your educational, professional, and extra-curricular qualifications.
- Mark Sheets: Students must submit their mark sheets from Class 10, 12, and Under Graduation.
- 2-5 Letters of Recommendation: A vote of confidence from faculty or colleagues about your abilities and skills.
- Standardised Test Scores: Students must submit official transcripts for institutes that require GMAT/GRE scores.
- English Proficiency Score: Applicants must furnish proof of language proficiency by appearing for IELTS and TOEFL for students from countries where English is not the primary language.
- Statement of Purpose: Your Statement of Purpose is crucial for making an excellent first impression on the university. Make sure it showcases your willingness and motivation to pursue a management degree.
US Student Visa Requirements
The US Visa system is somewhat complex, and it has many types of visas. An international student needs to get an F1 visa by submitting the following documents to the US embassy.
- University Acceptance Letter with all the official transcripts
- Birth, Migration, Provisional, and Character Certificates
- Official I-20 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
After submitting these documents, students will be invited for an in-person interview process. The authorities will verify documents and test applicants for their readiness to study in the USA.
Conclusion
Getting admission to Master’s in Management programs is a crucial step for students. It is okay to be nervous, but do not fall into the trap of overthinking about eligibility and financial aspects. At Leap Scholar, we can help you find the most suited MIM in the USA. Book a free consultation with our study abroad experts and get a complete profile evaluation with a University list created just for you.
Frequently Asked Questions
1. What are the jobs available after a Master’s in Management degree?
MIM graduates are usually hired as HR Managers, Operations Managers, Business Analysts, Project Managers, etc.
2. How much time is required to complete a Master’s in Management degree?
The Master’s in Management program is a full-time course that usually takes between 10 to 18 months to complete.
3. What is the global ranking of US universities for Masters in Management?
Eleven institutions in the USA offering Masters in Management are ranked among the Top 100 Universities globally, with four being in the Top 50.
4. What are the global average fees for a Master’s in Management degree?
The global average fees of a Master’s in Management program are INR 39.29 lakh for the entire course.
5. Which is the most value for money Masters in Management program?
Northeastern University’s D’Amore McKim School of Business offers the most value for money Masters in Management program with tuition fees of INR 18.16 for the entire course.
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