Master of Management in the USA: Top Universities, Admission, Scholarships (2022)

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Vishesh Chogtu
Modified on 2022-07-05 in Management
Read time: 6 mins
source:Yudi J

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!


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

UniversityUniversityQS World Rankings 2023Program Offered & DurationTotal Program Fees (INR)
Massachusetts Institute of Technology MIT Sloan School of Management#1MS in Management Studies; 9 months1 crore
Stanford UniversityStanford Engineering#3MS in Management Science and Engineering; 1.5 years1 crore
Yale UniversityYale School of Management#18Master of Advanced Management; 1 year54 lakhs
Columbia UniversityColumbia Business School#22MS in Management Science and Engineering; 1 year54 lakhs
University of Michigan, Ann ArborRoss School of Business#25Master of Management; 10 months43 lakhs
Northwestern UniversityKellog School of Management#32MS in Management Studies; 10 months43 lakhs
New York University (NYU)Stern School of Business#39MS in Quantitative Management; 1.7 years50 lakhs
University of California, Los Angeles (UCLA)Anderson School of Management#44MS in Management; 1.3 years57 lakhs 
Duke UniversityFuqua School of Business#50Master of Management Studies; 10 months53 lakhs
Boston UniversityQuestrom School of Business#108MS in Management Studies; 9 months42 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

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
IELTS245-255 USD
TOEFL190 USD
GRE205 USD
GMAT275 USD
SAT60 USD 

Post-arrival cost

Check out the Post-arrival cost for Master in Management:

ExpensesAverage Cost
Apartment housing including utilities 17,200 USD/year
Food6,500 USD/year
Dormitory housing7,588 – 11,914 USD/year
Food for dormitory residents2,487 USD/year
Books and supplies900 USD/year
Miscellaneous6,700 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:

UniversityScholarshipAmount (in USD)
Fuqua School of Business Fuqua Merit ScholarshipsWaiving off tuition fees
Sloan School of managementResearch Assistantship33,924 per year
Columbia Business SchoolLaidlaw Foundation Scholarship7,500-30,000
Stanford UniversityThe Aga Khan Foundation50% off tuition fees
Anderson School of ManagementEducation Future International Scholarship3,000-14,000
Ross school of businessRoss MM ScholarshipVaries

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 RoleAverage Annual Salary (USD)Average Salary (INR)
Human Resource Director96,000 72 lakhs
Human Resource Manager72,00054 lakhs
Project Manager78,00058 lakhs
Operations Manager72,00054 lakhs
Director of Operations96,00072 lakhs
Executive Director86,00064 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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