Master’s in Strategic Management in the USA: A Guide

Imagine being at the helm of a business, where you craft and unleash game-changing moves that steer the ship towards success. This dynamic process, known as Strategic Management, empowers top minds to orchestrate ingenious plans, turning corporate dreams into tangible realities. Ready to master the art of shaping triumphant strategies for both public and private enterprises? Dive into a Master’s in Strategic Management and embark on a journey to conquer the world of business.

What is Strategic Management?

Strategic management encompasses the systematic approach taken by senior executives to set objectives, devise strategies, and allocate resources for achieving organisational goals. It involves the meticulous evaluation of the business environment by top leadership before formulating a strategy, along with a comprehensive blueprint for executing and overseeing that strategy. This process extends beyond mere strategy itself. It unfolds through stages such as environmental scanning, strategy formulation, implementation, evaluation, and administration.

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Why Master’s in Strategic Management?

Here’s why diving into a Master’s in Strategic Management is like unlocking a treasure trove of skills and insights for savvy students:

• Navigating New Horizons: In a world where politics, economics, and society dance to new tunes, strategic management has emerged as the maestro of business operations

• Global Architects: Picture crafting an army of brilliant minds – thinkers, decision-shapers, and global managers – all finely tuned through the Master’s in Strategic Management symphony
  
• Skill Arsenal Unleashed: Imagine honing your mental prowess, armed with analytical wizardry, problem-solving wands, and the art of decoding information – the magical ingredients for crafting brilliant strategies
  
• Unveiling the Masterstroke: This course isn’t just a mere canvas; it’s a panoramic view. Delve into the intricate tapestry of strategic management – mergers, innovation, and every strategic brushstroke in between
  
• Battle-Ready Advantage: Ever thought of arming an organization with a competitive edge? That’s the power of strategic planning – a weapon of choice to outmanoeuvre the competition
  
• Discipline Fusion: What if you could blend the wisdom of marketing, the intricacies of finance, the gears of operations, and the soul of human resource management into a harmonious symphony of strategic decisions?
  
• Mindset Metamorphosis: With a systematic, eagle-eyed approach rooted in strategic thinking and economic bedrock, you’ll not just see business situations differently – you’ll transform them

So, dear student, are you ready to embark on a strategic odyssey that’ll sculpt you into a modern business virtuoso, orchestrating success on the global stage? Your future masterpiece awaits!

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Eligibility Criteria for Master’s in Strategic Management in the USA

Applicants seeking admission to a master’s program in Strategic Management typically need to meet the following requirements, which may vary based on the chosen university and relevant department:

Academic Requirements

• Applicants should hold a bachelor’s degree from an accredited institution or possess an equivalent foreign certification.

• A minimum of two years of experience in a project-based company is mandatory.
• If English is not the primary language, applicants need to provide valid IELTS or TOEFL scores.

Special Consideration

• Candidates who have significantly influenced their industry and possess relevant expertise might be exempt from meeting the above-mentioned criteria.

Eligibility for Indian Students

• Indian students without a GPA scale must have a bachelor’s degree with a minimum CGPA of 6.75 out of 10 or 55 per cent of the total marks.
• The cumulative marks required are based on the subject and grade of the degree-issuing school.

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Documents Required for Applying to Master’s in Strategic Management in the USA

Here is a list of the necessary documents for enrolling in the Strategic Management course at any reputable university. The specific requirements may vary slightly depending on the university:

• Higher Secondary School Certificate: Official declaration from the education board upon your completion of the higher secondary education.
• Resume or Curriculum Vitae (CV): A summary of the applicant’s skills and knowledge.
• Letter of Recommendation (LOR): A reference letter attesting to the applicant’s qualities.
• Mission Statement: A written document prepared by the applicant.

• English Language Proficiency: Proof of English language skills through tests like  IELTS, TOEFL, PTE, etc
• GMAT or GRE Scores

Please ensure you check with your chosen university for any specific variations in these requirements.

Top Universities for Pursuing Master’s in Strategic Management in the USA

University Name	QS Ranking 2023
University of Chicago	10
University of Pennsylvania	13
Northwestern University	32
Carnegie Mellon University	52
Georgia Institute of Technology	88
University of Florida	188
Vanderbilt University	199
Dartmouth College	205
Georgetown University	281

Cost of Master’s in Strategic Management in USA 

Master’s in strategic management programmes in the USA cost between US$ 10,000 and US$ 30,000, depending on the length of the programme (10-12 months, 1-2 years, 3-4 years, etc.). The cost varies from university to university in the USA. The price of a Master’s in Strategic Management varies depending on various factors, such as the state of the economy, the university’s expansion and so on. 

The total cost of a Master’s in Strategic Management degree in the USA includes more than just tuition fees. It also includes medical insurance, other fees, textbooks, supplies and living expenses. However, the total average cost for a Master’s in Strategic Management is within the predetermined range.

Job Opportunities

As the count of companies and global institutions has expanded, the need for individuals possessing advanced qualifications in strategic management has also surged. The Master’s degree in Strategic Management effectively caters to these requirements, serving the interests of both corporate and public domains.

Considering this scenario, here are some of the frequently observed titles that graduates might opt for upon completing their studies.

• Management consultant
• Corporate strategy advisor
• Business Analyst
• Strategy manager
• Business development manager

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FAQs

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