Pursuing a Master’s in Management (MiM) in the USA offers a unique blend of theoretical knowledge and practical skills essential for leadership roles in various industries.
With over 100 universities offering MiM programs, the USA is a popular destination for international students.
The annual study cost ranges from INR 25L to 50L (USD 30,000 to 60,000), and the approximate monthly cost of living is around INR 2.2L.
Did you know that nearly 90% of MIM graduates from U.S. institutions secure employment within three months of graduation, highlighting the strong career support and networking opportunities these programs offer?
So what are you waiting for?
Let’s examine the requirements, costs, expected salary and scholarships for MiM in the USA.
Metric | Value |
No. of Universities in Master’s in Management in the USA | 100+ |
Approximate Annual Study Cost in Master’s in Management in the USA | INR 25L to 50L (USD 30,000 to 60,000) |
Approximate Monthly Cost of Living in the USA | INR 1,42,800 - INR 3,10,800 (USD 1,700 - USD 3,700) |
Minimum IELTS Score for Master’s in Management in the USA | 7.0 |
Minimum TOEFL Score for Master’s in Management in the USA | 90 |
Top 3 Universities | |
Salary Range | INR 58L to 1 Cr (USD 64,285 to 1,20,000) |
Why Study a Master’s in Management in the USA?
Studying for a Master’s in Management (MiM) in the USA provides a comprehensive education in business management, combining theory with practical experience.
The USA’s diverse academic environment, robust economy, and global networking opportunities make it an attractive destination for students aiming to excel in management roles.
Here is why you should pursue education in the USA (management):
- Top-Ranked Universities:
- The USA is home to prestigious institutions such as Harvard University, Stanford University, and the University of Pennsylvania’s Wharton School, consistently among the top 20 business schools globally (QS ranking).
- Diverse Learning Environment:
- American universities attract students worldwide, providing a rich multicultural environment that fosters global business perspectives. For instance, MIT Sloan's student body represents over 60 countries.
- Strong Industry Connections:
- U.S. universities often have close ties with leading industries, offering students extensive networking and internship opportunities—for example, NYU Stern partners with top firms like Goldman Sachs and McKinsey & Company.
- Innovative Curriculum:
- Programs in the USA include cutting-edge courses in leadership, entrepreneurship, and technology. For instance, the University of Chicago Booth School of Business offers unique courses like Behavioral Science in Business and Entrepreneurship and New Venture Strategy.
- High Earning Potential:
- Graduates from top MiM programs in the USA often secure high-paying jobs. For example, graduates from Harvard Business School report starting salaries ranging from INR 1 Cr to 1.2 Cr annually.
Which are the Top 10 Universities for Master’s in Management in the USA?
Pursuing an MS in Management in the USA offers a blend of theoretical knowledge and practical skills to prepare students for leadership roles in various industries.
Did you know that QS Ranking places 16 universities in the USA under the top 50 universities worldwide? |
These programs are renowned for their strong emphasis on research, specialised curriculum, and extensive alumni networks that can significantly boost career opportunities.
Here is a list of the top 10 universities:
University | QS World Ranking 2025 | Average Tuition Fee |
Massachusetts Institute of Technology (MIT) | #1 | INR 64L (USD 77,168) |
Stanford University | #4 | INR 62L (USD 74,706) |
Harvard University | #6 | INR 63L (USD 76,000) |
University of Pennsylvania (Wharton) | #11 | INR 68L (USD 81,378) |
University of California, Berkeley (Haas) | #12 | INR 55L (USD 66,048) |
Northwestern University (Kellogg) | #14 | INR 64L (USD 76,368) |
University of Chicago (Booth) | #21 | INR 61L (USD 73,440) |
Columbia University | #34 | INR 65L (USD 77,376) |
New York University (Stern) | #43 | INR 64L (USD 76,780) |
University of Michigan, Ann Arbor (Ross) | 44 | INR 60L (USD 72,114) |
Note: The above costs are approximate and fluctuate based on changing currency exchange rates.
What are the Admission Requirements for a Master’s in Management in the USA?
With a focus on research excellence and a strong analytical foundation, MiM degrees from U.S. institutions are highly respected worldwide.
While admission rates vary by institution, it is generally estimated that acceptance rates for MiM programs in the USA range from 30% to 40%, reflecting the competitive nature of these programs.
Here's a breakdown of the application requirements:
General Requirements:
- Bachelor’s Degree: A U.S. bachelor's degree or equivalent from an accredited institution.
- Work Experience: Some programs may prefer or require professional work experience.
- English Proficiency: For international students, proof of English language proficiency through TOEFL, IELTS, or other accepted exams.
Document Requirements:
- Academic Transcripts: Official transcripts from all previously attended universities.
- GMAT or GRE Scores: Many programs require these standardised test scores, but some may waive them based on work experience or academic performance.
- GMAT: 650+
- GRE: 307+
- Letters of Recommendation: Typically, two to three letters from academic or professional recommenders.
- Resume or CV: Outlining academic and professional experience.
- Essays or Personal Statements: Often required to express career goals and fit with the program.
Visa Requirements:
- F-1 Student Visa: Required for international students.
- I-20 Form: Issued by the university, necessary for visa application.
- Proof of Financial Support: Evidence of sufficient funds to cover tuition and living expenses.
Work Permit (Optional Practical Training - OPT):
- Post-Completion OPT: Allows up to one year of post-graduation work authorisation in a field related to the degree.
- STEM OPT Extension: Eligible students in STEM fields may qualify for an additional 24 months of work authorisation.
- Specific eligibility criteria and application procedures apply.
What is the Cost of Studying a Master’s in Management in the USA?
Studying for a Master’s in Management (MIM) in the USA typically costs between USD 30,000 and USD 60,000, with some variation based on the university. This converts to roughly INR 25L to INR 50L.
The tuition fees are inclusive, but it's essential to account for additional living expenses.
What is the Cost of Living in the USA?
The cost of living in the USA varies by city and lifestyle. On average, students should budget for essentials such as food, rent, transport, and other expenses.
Here’s a breakdown of typical monthly expenses:
Expense | Estimated Cost (USD) | Estimated Cost (INR) |
Food | USD 400 - USD 600 | INR 33,600 - INR 50,400 |
Rent | USD 1,000 - USD 2,500 | INR 84,000 - INR 2,10,000 |
Transport | USD 100 - USD 200 | INR 8,400 - INR 16,800 |
Other Expenses | USD 200 - USD 400 | INR 16,800 - INR 33,600 |
Total Amount | USD 1,700 - USD 3,700 | INR 1,42,800 - INR 3,10,800 |
Note: The above costs are approximate and fluctuate based on changing currency exchange rates.
What are the Scholarships for Master’s in Management in the USA?
Indian students pursuing a Master’s in Management (MIM) in the USA can access various scholarships to help alleviate the financial burden. These scholarships are awarded based on merit, need, and other specific criteria.
Here are the top scholarships for Indian students seeking a MIM in the USA.
Name of Scholarship | Type of Scholarship | Award Amount |
Fulbright-Nehru Master’s Fellowships | Merit and Need-Based | Tuition, living expenses, and more |
Inlaks Shivdasani Foundation Scholarships | Merit-Based | Up to USD 100,000 (INR 84L) |
Stanford Reliance Dhirubhai Fellowship | Need-Based | Covers tuition and associated fees |
AAUW International Fellowships | Women Students | USD 18,000 (INR 15L) - USD 30,000 (INR 25L) |
TATA Scholarship for Cornell University | Need-Based | Covers full tuition and fees |
Note: The above costs are approximate and fluctuate based on changing currency exchange rates.
What are the Top Jobs After a Master’s in Management in the USA?
Graduates with a Master’s in Management (MIM) in the USA have various career opportunities across different sectors. These roles typically involve leadership, strategic planning, and organisational development.
Here are the top jobs that MIM graduates can pursue in the USA.
Job Title | Approximate Salary (per annum) |
Management Consultant | INR 71,40,000 - INR 1,26,00,000 (USD 85,000 - USD 150,000) |
Marketing Manager | INR 58,80,000 - INR 1,17,60,000 (USD 70,000 - USD 140,000) |
Financial Analyst | INR 50,40,000 - INR 84,00,000 (USD 60,000 - USD 100,000) |
Operations Manager | INR 54,60,000 - INR 1,00,80,000 (USD 65,000 - USD 120,000) |
Business Development Manager | INR 54,60,000 - INR 1,09,20,000 (USD 65,000 - USD 130,000) |
Note: The above costs are approximate and fluctuate based on changing currency exchange rates.
Which are the Top Recruiters after a Masters in Management in the USA?
Graduates with a Master’s in Management (MIM) in the USA are highly sought after by leading companies across various industries.
Here are some of the top companies that recruit MIM graduates in the USA:
- McKinsey & Company
- Deloitte
- Goldman Sachs
- Amazon
- Microsoft
- KPMG
- IBM
- Apple
- Bain & Company
- Accenture
These companies are known for their competitive recruitment processes and offer excellent career growth opportunities for MIM graduates.