Master of Management in the USA is a highly sought after programme. International students coming from various backgrounds can pursue Master of Management in the USA. International applicants need to have excellent marks in bachelors degree and demonstrate language competency to be accepted into US Master’s in Management programmes (TOEFL or others).
Although most of the top universities in the USA that offer Master’s in Management programmes demand competitive GMAT scores, GMAT waivers are also available for those who have work experience.
Read along to learn everything about Master of management in the USA!
Table of Contents
Why study Masters in Management in the USA?
Numerous prestigious business institutions in the USA provide degrees in Masters of Management that are recognised around the world. It offers useful theoretical and practical information that equips students to function as business managers in the dynamic, cutthroat world of business.
You should pursue Master of Management in USA due to following reasons:
- Candidates don’t need to have work experience to succeed in the sector, unlike MBA in the USA.
- In the USA, management jobs are anticipated to rise by 7% between 2018 and 2028, compared to the national average of only 5% for all occupations.
- By 2028, there will likely be a net increase of 706 900 new management jobs.
- The average yearly pay for management jobs is 105,660 USD. In the USA, this is the major occupational group with the highest pay-grade.
- According to the 2019 economic report, there are approximately 12.5% of managerial opportunities accessible for graduates from other countries.
Top Universities for Masters in Management in USA
| University | University | QS World Rankings 2023 | Program Offered & Duration | Total Program Fees (INR) |
| Massachusetts Institute of Technology | MIT Sloan School of Management | #1 | MS in Management Studies; 9 months | 1 crore |
| Stanford University | Stanford Engineering | #3 | MS in Management Science and Engineering; 1.5 years | 1 crore |
| Yale University | Yale School of Management | #18 | Master of Advanced Management; 1 year | 54 lakhs |
| Columbia University | Columbia Business School | #22 | MS in Management Science and Engineering; 1 year | 54 lakhs |
| University of Michigan, Ann Arbor | Ross School of Business | #25 | Master of Management; 10 months | 43 lakhs |
| Northwestern University | Kellog School of Management | #32 | MS in Management Studies; 10 months | 43 lakhs |
| New York University (NYU) | Stern School of Business | #39 | MS in Quantitative Management; 1.7 years | 50 lakhs |
| University of California, Los Angeles (UCLA) | Anderson School of Management | #44 | MS in Management; 1.3 years | 57 lakhs |
| Duke University | Fuqua School of Business | #50 | Master of Management Studies; 10 months | 53 lakhs |
| Boston University | Questrom School of Business | #108 | MS in Management Studies; 9 months | 42 lakhs |
Check out : Top 10 Universities in USA for MS
Admission Procedure for Masters in Management in USA
The leading universities offering Masters in Management in the US have a tough admissions process. This section goes into more detail about the admission requirements.
Eligibility for Master of Management in USA Admission
- Bachelor’s 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
Documents required for Masters in Management in USA
- Academic Transcript
- Resume
- Letters of Recommendation
- Standardized test scores: GRE/ GMAT
- English Proficiency Score: IELTS/ TOEFL
- Statement of Purpose
Master of Management in USA cost
Expenses can rise quickly when you’re studying abroad. It is always better to plan your budget before moving to another country. Below we have mentioned Pre and post arrival cost for students planning to pursue Master of management in the USA.
Check out the Pre-arrival cost for Master in Management:
Pre-arrival cost
| Expense | Average Cost |
| IELTS | 245-255 USD |
| TOEFL | 190 USD |
| GRE | 205 USD |
| GMAT | 275 USD |
| SAT | 60 USD |
Post-arrival cost
Check out the Post-arrival cost for Master in Management:
| Expenses | Average Cost |
| Apartment housing including utilities | 17,200 USD/year |
| Food | 6,500 USD/year |
| Dormitory housing | 7,588 – 11,914 USD/year |
| Food for dormitory residents | 2,487 USD/year |
| Books and supplies | 900 USD/year |
| Miscellaneous | 6,700 USD/year |
Scholarships for Masters in Management in USA
International students look for financial aid through scholarships due to the significant financial load caused by the master of management tuition fees in the USA and additional living expenditures.
Here is a list of scholarships available to international students in the USA:
| 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 |
Also read : Masters in Electrical Engineering
Jobs after Masters in Management in USA
Since the previous ten years, MBA alternatives such as Masters in Management have gained popularity among international students. International students have a good chance of landing excellent work possibilities in the USA after graduation.
| Job Role | Average Annual Salary (USD) | Average Salary (INR) |
| Human Resource Director | 96,000 | 72 lakhs |
| Human Resource Manager | 72,000 | 54 lakhs |
| Project Manager | 78,000 | 58 lakhs |
| Operations Manager | 72,000 | 54 lakhs |
| Director of Operations | 96,000 | 72 lakhs |
| Executive Director | 86,000 | 64 lakhs |
MIM vs MBA
The students occasionally make poor professional decisions. The MBA has long been regarded as the ideal academic programme for a quick career change. For career advancement in specific managerial abilities, the Master in Management degree is a relatively recent degree programme offered in the USA, Europe, Australia, and a few Asian nations.
Here is a comparison between MBA and MIM:
Do you wish to pursue Master of Management in the USA? Take advice from experts at Admitkard.
FAQs
✅ Is MiM available in USA?
Ans: Some universities in the USA offer a Masters in Management programme that can take up to two years. Through an action-based curriculum, MiM in the USA places a strong emphasis on teaching leadership and management abilities. The average cost of attending a major US university ranges from 56,800 USD to 150,000 USD.
✅ Which country is best for masters in management?
Ans: The UK, Germany, France, US, Spain, Netherlands, and Canada are the finest nations for master’s degree programmes in management. According to applicants to business schools, the UK is the top location to pursue a Master in Management. Ten of the top 50 MiM programmes are headquartered in the UK.
✅ Is GMAT required for MIM in USA?
Ans: Both a GMAT score and job experience are required. For 40% of MIM programmes, a GMAT score is required. MIM students have an average GMAT score of 610.
✅ Can I do MIM after MBA?
Ans: The MIM does not make sense after MBA because there is similar curriculum.
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