Masters in Management in USA

Are you planning to pursue a Masters in Management in USA? Thinking whether it’s a good idea or not? Want to know about the best management colleges in the US? Well, you have come to the right place. The country has been the choicest study abroad destination for international students across the globe. It is hardly a secret that most of the US universities are among the top educational institutes in the world. If you are someone who has completed their bachelor’s and is looking to pursue Master in Management (MIM), here is a comprehensive blog that will walk you through the several aspects of pursuing MIM in USA.

Why Pursue a Master in Management in USA?

While you’re choosing a country to pursue your master’s degree, the USA is like the most popular destination. With their constantly changing and evolving classrooms, American business schools are best for training students to become future leaders in the corporate market. The use of advanced pedagogy and well-learnt teachers are the essential factors for placing the country at the top among the countries with the best education system. Given below are some other constituents that make it a one-stop study destination.

Cultural Diversity

Nearly every university in the US takes diversity to be one of their defining pillars. Historically, there has been a strong effort within the structures of higher education to increase the number of educational opportunities and make cultural diversity central to the enrollment and admission effort. 

Excellent Support Facilities

In order to make your transition to your dream American university smoother, there are various working and support facilities, English language practice courses, orientations, and trainings, etc. Foreign students are given plenty of help to get them ready for their classes. 

Flexible Academic Environment

Studying in the US provides an ideal environment for students, characterized by flexible methods of education and continuous development in diverse fields of studies. Depending upon one’s strengths, interests and career goals, universities work towards shifting their classroom structures and instruction methods in order to make learning engaging and relevant. 

Also read: Master of Management Studies

Eligibility for MIM in USA

The minimum eligibility to get into a Management University in the USA are mentioned below.

• Bachelor’s degree with a minimum 3.0 GPA on a 4.0 scale 
• Proof of English Proficiency Test (GMAT 700-770; GRE 320; IELTS 7.0 to 7.5; TOEFL (iBT) 80 to 100)
• Letter of Recommendation
• Statement of Purpose
• Interview Round

Requirements for MIM in USA

The documents mandatory for the completion of admission process in Masters in Management are given below:

• Curriculum vitae: A detailed description of the previous academic qualifications, projects undertaken, work experience, internships, and others
• Statement of Purpose: Mention the motive of choosing the course and the university 
• Letter of Recommendation: At least 2-3 letters of recommendation from the previous university professors
• Grade cards: Submitting the 10th, 12th, and undergraduate degrees/certificates
• English Proficiency test scores: A minimum score for qualifying the test is necessary

Also read: Masters in Engineering Management in Canada

Top Universities Offering MIM Courses in USA

The Masters in Management (MIM) is an academic degree for aspiring leaders in management with no or little work experience. For Indian students planning to study in the USA, we have got some prominent universities to pursue the finest MIM courses:

University	Program offered	QS Rank
Duke University	Master of Management Studies	52
Columbia University	MS in Management Science and Engineering	19
Yale University	Master of Advanced Management	14
New York University (NYU)	MS in Quantitative Management	42
Massachusetts Institute of Technology	MS in Management Studies	1
Stanford University	MS in Management Science	3
University of Michigan, Ann Arbor	Master of Management	23
University of California, Los Angeles (UCLA)	MS in Management	40
Northwestern University	MS in Management Studies	30
Boston University	MS in Management Studies	112

Also read: Masters in Marketing Management

Fees for MIM

The course fees in USA universities vary. The average fee is usually between $ 56,854- $ 149,080 (INR 41,78,587- INR 1,09,56,902). Read about the fees structure in advance before applying.

Expenses during MIM

The average expense of living in the USA is between $2358- $5300 (INR 1,73,305- INR 3,89,533) that includes house rent, food, transport, and miscellaneous expenses. Students often take up part-time jobs to fulfill their expenses.

Also read: Masters in Human Resource Management

Scholarships for MIM

The financial burden of studying in the USA can affect a student’s performance. The scholarships to aid International students financially in the USA study programs are mentioned below. 

• Research Assistantship
• Ross MM Scholarship
• Laidlaw Foundation Scholarship
• Fuqua Merit Scholarships
• The Aga Khan Foundation
• Education Future International Scholarship

Career and Salary with MIM degree

The MIM degree holders have an average salary of 76,000 USD per annum (INR 56,24,000) in the USA. The salary may vary at the initial stage of a career. The gain in experience and knowledge can affect payscale at senior level.

The top job profiles with a MIM degree are mentioned below:

• HR Director 96,000 USD (INR 71,04,000)
• Director of Operations 96,000 USD (INR 71,04,000)
• Executive Director 86,000 USD (INR 63,64,000)
• Project Manager 78,000 USD (INR 57,72,000)
• HR Manager 72,000 USD (INR 53,28,000)
• Operations Manager 72,000 USD (INR 53,28,000)

Top recruiters for MIM 

The top recruiters for MIM students are mentioned below

• US Army
• US Air Force
• Lockheed Martin
• Northrop Grumman
• Booz
• Allen
• Hamilton

Also read: Master of Engineering Management

FAQs

Is MIM in USA good?

Yes, the best universities in the USA provide courses in MIM. They effectively offer theoretical and practical knowledge. 

Which country is best for MIM?

Some of the best countries that provide MIM courses are mentioned below:

• HEC Paris
• London Business School
• ESSEC, France
• ESADE, Spain
• Imperial College London
• Masters in Management in France
• Masters in Management in Germany
• Masters in Management in Europe

Is GMAT required for MIM in USA?

Yes, GMAT with a minimum score of 610 is compulsory in most universities

Is MIM better than MBA?

MIM is preferred over MBA for a jumpstart in career

Studying MIM in US can open your door to various career opportunities that will enhance your skillset along with individual growth. Thus, we hope that this blog has helped you discover various universities offering Masters in Management in USA. if you’re planning to study abroad and looking for career assistance, get in touch with our experts at Leverage Edu and kickstart your career today.