Masters in Management, that is MIM in USA are primarily available for those who choose to pave a creative path in the business sector as an MS degree. Via an action-based curriculum, this training promotes leadership and management talents. Moreover, many U.S. colleges often have a career-search platform that encourages students to get their dream job. In addition, based on their interest, one can also choose from several specialisations such as Business Analytics, Financial Economics, Accounting, Entrepreneurship, etc.
Also Read: Masters in Computer Science in USA
MIM in USA is a full-time program lasting 10-18 months that costs an annual fee of around USD 56,800-USD 150,000. 41 lakhs-1 crore INR is equal to that. Comparatively, with this degree, the total compensation given to graduates of top business schools in the USA is less, i.e. Per annum, USD 128,000 (94 lakhs INR). However, it can go up to 211,000 USD (1.54 crore) a year with experience.
Why Choose MIM in USA?
The USA is home to several top business schools offering Masters of Management degrees that are globally recognised. Further, it provides valuable theoretical and practical knowledge that prepares students to work in the ever-changing competitive world of business as business managers. Four other reasons why foreign learners choose to study a Masters of Management in the USA are as follows:
- Firstly, applicants do not need job experience to succeed in the field, unlike the MBA in the USA.
- Secondly, from 2018 to 2028, management occupations in the USA are projected to rise by 7%, although the national average for all occupations is just 5%.
- Thirdly, t is estimated that 706,900 news positions in the management sector will be generated by 2028.
- In addition, for administration professions, the median annual income is 105,660 USD. Of all the big occupational classes in the USA, this is the largest paygrade.
Also, after the 2019 economic report, in the area of administration, about 12.5 percent of positions are open to foreign graduates.
Also Read: MBA in USA for Indian Students
Top Universities offering MIM in USA
According to QS News Ranking 2020 for Business and Management, a list of top-ranking universities offering Masters in Management in the US, along with course length and total fees, is given below:
1. Pursue MIM in USA at MIT SLOAN
Sloan School of Management was founded in 1914 and is the business school of the Massachusetts Institute of Technology (MIT). The exponentially growing entrepreneurship community at the university is highly rated, with 30,200 participating alumni-funded firms. Moreover, MIT Sloan School of Management, located in Cambridge, Massachusetts, is among the most influential business schools in the U.S. In addition, the school is committed to its mission to develop ethical and creative participants who produce advanced ideas relevant to management.
Also, the school offers numerous degree programs for bachelors, masters, and graduate degrees, as well as executive leadership programs. School services are selective and receive high scores from well-known organizations. Moreover, the university programs such as the Master of Finance and the MIT Sloan Fellows MBA have foreign student populations of up to 85% and 81%, respectively. Also, the school has multinational initiatives in 53 sites across 6 continents in which it manages public and private partnerships.
Also Read: MBA in USA without Work Experience
In addition, with an admission rate of just 11.5%, the institute is a highly competitive institution to get in. Any applicant with an outstanding GPA and a respectable overall profile consisting of a CV/resume, letters of recommendation, declaration of intent, and GRE score has a high chance of enrolling at the university.
Lastly, chool graduates are founders of well-known enterprises such as PillPack, Akamai, Gartner, Genentech, HubSpot, InVivo Therapeutics, and Zipcar, etc. In comparison, some Fortune 500 companies such as Amazon, Facebook, Google, Microsoft, Pfizer, etc. have offices in Cambridge that provide post-graduation programs for students.
Highlights:
| Institution Type | Private |
| Location | Cambridge, Massachusetts |
| Campus Setting | Urban |
| Establishment Year | 1914 |
| Parent Institution | Massachusetts Institute of Technology |
| Total students | 1300 |
| Application Portal | MIT Sloan Application Portal |
2. Pursue MIM in USA at STANFORD UNIVERSITY
To support public health, Stanford University was founded in 1885 by Senator Leland Stanford of California and his wife, Jane. Stanford has been an environment for research, exploration, and creativity for all academics since its inception. Stanford has appreciated experiential experience from the outset. Moreover, generous financing allows the satisfaction of undergraduates to enjoy different economic backgrounds, equality of knowledge, and opportunity.
In addition, Stanford is located on 8,180 acres in the middle of the San Francisco Peninsula and is 35 miles south of San Francisco and 20 miles north of San Jose. Also, Stanford University is in the heart of the vibrant Silicon Valley of Northern California, home to Yahoo!, Google, Hewlett-Packard, and many other cutting-edge businesses that began and continue to be led by alumni and faculty from Stanford.
In addition, Stanford has a current intake of around 16,424 students, with 2,276 faculty members and 2,400 postdoctoral researchers, split into 6,994 undergraduates and 9,390 graduates. Currently, Stanford consists of seven schools and 18 interdisciplinary institutions. Stanford is a multicultural school, with students from all 48 states of the United States and 77 other nations enrolling. Lastly, there are seven business, environmental sciences, education, architecture, humanities and sciences, law and medicine schools in Stanford.
3. Pursue MIM in USA at Kellogg School of Management
Kellogg Management School is a globally recognized global business school whose mission is to develop, train, and equip future generations of leaders. Established in 1908 as a Northwestern University school, it has grown to be a center for producing business innovations, cutting-edge science, and multiple insights on problems facing the global economy. thus, making it one of the prized names in the US Education System.
Moreover, it was the first school to start a one-year-long MBA program in the country. The school also offers 18 core fields of study, including Accounting Knowledge & Administration, Theoretical Finance, Entrepreneurship & Creativity, Finance, Management of Human Capital, and International Business. In addition, about 95% of graduates earn successful career opportunities within three months of graduation.
Also Read: Study in USA for Indian Students after 12th
Moreover, Kellogg School of Management admissions is delivered in various intakes on a rotating basis during the year and meet with varying deadlines for its different courses. Also, applicants must pay a non-refundable fee of USD 95 to USD 250, depending on the course they chose, at the time of submission of their application forms. With an admission rate of just 20 percent, it is a highly selective school for learning in the USA.
Highlights:
| University Type | Private |
| Number of Undergraduate Seats | 50 |
| Number of Graduate Seats | 475 |
| Annual Acceptance Rate | 20% |
| Percentage of international students | 39.5% |
| Countries represented | 47 |
| Basic Tuition Fee, Undergraduate International Students | 71,544 USD |
| Basic Tuition Fee, Graduate International Students | 106,782 USD |
| Test Scores Accepted | ACT or SAT, GMAT or GRE |
| English language proficiency score | TOEFL or equivalent |
| Financial Aid | Available as awards and scholarships |
| Website | www.kellogg.northwestern.edu/ |
4. Pursue MIM in USA at COLUMBIA BUSINESS SCHOOL
One of the world’s prestigious graduate business schools, Columbia Business School draws students from various countries to pursue their studies here and has almost 44,000 alumni. Also, some highly rated unprecedented business programs such as MBA, MS in Accounting and Fundamental Research, MS in Financial Economics, and MS in Marketing Science, among others, are offered by this esteemed US Education System institute.
In addition, Columbia Business School admissions are offered on a rotating basis during the year. Also, while students enroll mostly in August or January at the institute, more than 70% of full-time MBA students begin their studies in the fall term.
Also Read: Budget-friendly Masters in US
Moreover, more than 6,000 candidates submit entries to the institute each year, but only 18% of them are accepted. Lastly, this represents the low admission rate of the school and hence no concession on the quality of education offered, making it one of the most selective institutes to study in the USA.
Highlights:
| Established | 1916 |
| Location | New York |
| Percentage of international students | 40-60% (depends on the semester) |
| The major area of study | MBA |
| Application Season | Rolling admissions |
| Application Fee | Varies |
| Acceptance Rate | 18% |
| English language proficiency score | TOEFL or equivalent |
| Financial Aid | Student Loan, Fellowships, scholarships |
| Helpdesk | 212-854-3587 |
| Official Website | Columbia Business School |
5. Pursue MIM in USA at YALE SCHOOL OF MANAGEMENT
The Yale School of Management, created in 1976, was developed by the Yale Company as a School of Organization and Management, which authorized the formation of an institution to offer a master’s degree in public and private management. In addition, renamed in 1994 as its present name, in 1999 it started offering a full-time MBA program and soon became a prized name in the US Education System.
Highlights:
| Type of College | Private |
| Campus Setting | Urban |
| Location | New Haven, Connecticut |
| Official Website | som.yale.edu |
| Total No. of Academic Programs | 7 |
| Application Portal | College Application Portal |
| The student to Faculty Ratio | 6:1 |
| English language proficiency score | TOEFL or equivalent |
| Financial Aid | Available as grants, awards, and scholarships |
6. Pursue MIM in USA at STERN SCHOOL OF BUSINESS
One of the oldest and first business schools in the USA is the Leonard N. Stern School of Business. Initially known as the School of Business, Accounting, and Finance, it was founded back in 1900. Also, it is part of New York University, a private university in New York, USA. In addition, Stern is one of the top-ranking business undergraduate colleges in the United States.
Also Read: How to save money for students in USA?
With about 12,500 applicants submitted each year for 600 slots spread between separate undergraduate programs, the Stern School of Business has a highly selective admission rate of about 8 percent. Moreover, the school has a cumulative population of 2,690 students taught by more than 200 exemplary members of the faculty. Also, the university is home to foreign students from over 47 countries around the world. Stern graduates are ranked #1 in employability and earn a starting annual salary of USD 75,828.
Highlights:
| Type | Private University |
| Location | New York City |
| Campus Setting | Urban |
| Year of Establishment | 1900 |
| Parent University | New York University |
| Mode of Program | Full-time/ Part-time/ Online |
| Total Enrollment | 2,690 |
| Acceptance Rate | 8% |
| Financial Aid | Scholarships, grants, loans |
7. Pursue MIM in USA at ROSS SCHOOL OF BUSINESS
Founded in 1924, the University of Michigan – Ann Arbor business school wing, located at 701 Tappan Street, Ann Arbor, Michigan in the United States, is the Stephen M. Ross School of Business, also known as the Ross School of Business. Also, the Ross School of Business offers bachelor’s, master’s, and doctoral degree admissions.
Moreover, with over 4,000 students currently enrolled, Ross School of Business continues its goal of educating and converting its students into executives, scholars, and lifelong learners who can develop creative solutions to the most challenging business problems in the world.
Highlights:
| Type of University | Public |
| Year of Establishment | 1924 |
| Total Enrollment | 4,000 |
8. Pursue MIM in USA at ANDERSON SCHOOL OF MANAGEMENT
The Anderson School of Management, a private graduate business school affiliated with the University of California, is one of the US Education System’s coveted business schools. Formed in 1935, it is one of the 11 Los Angeles-based technical colleges of the renowned parent university.
Also Read: Fulbright Scholarship in USA 2021
Moreover, the college provides its students with an undergraduate degree and separate graduate and doctoral degrees. Also, around 40 percent of the institute’s class consists of foreign students who come from over 35 countries around the world seeking to study in the USA. In addition, the graduates of the university include CEOs, presidents, co-founders and founders, and chairmen of different real estate firms, healthcare companies, government agencies, etc.
Admissions at UCLA’s Anderson School of Management are available during the year in several admissions and meet varying deadlines for its selection of courses. Also, non-refundable fee of USD 200 must be charged for all candidates applying to the Institute along with their application forms. The school is a highly selective academic institution in the nation with an admission rate of 13 percent with a cumulative intake of 702 for the Fall 2019 semester.
Highlights:
| Year of establishment | 1935 |
| Type of University | Public |
| The student to Faculty Ratio | 18:1 |
| Number of campuses | 1 |
| Location | Los Angeles, USA |
| Tuition Fee Range | 65,114 USD |
| English language proficiency score | TOEFL or equivalent |
| Financial Aid | Available as awards and scholarships |
| Test scores accepted | GRE/GMAT |
| Website | www.anderson.ucla.edu/ |
9. Pursue MIM in USA at FUQUA SCHOOL OF BUSINESS
The Management School at Duke University, based in Durham, North Carolina, is the Fuqua School of Commerce, USA. In 1969, the university was founded. Moreover, only graduate programs, doctoral programs, and a brief course on executive education are offered by this institution. Also, to improve their program planning, teaching, hiring world-class faculty, and giving students the highest quality of education, they believe in institutional collaborations.
In addition, with well-rated business programs, it is a private institution. Annually, they recruit over 1500 students.
Also Read: Probability of getting a job in the USA after doing MS
10. Pursue MIM in USA at QUESTROM SCHOOL OF BUSINESS
The Questrom School of Business was founded in 1913 as the Boston University School of Management under Boston University and later renamed Questrom. Also, he school is a reputable institution in the US Education Sector that is classified among the B-schools in the top 50 business schools worldwide.
In addition, it provides students from around the globe with 16 separate undergraduate and graduate degrees. Along with over 1700 undergraduate and 80 graduate students, the institution hosts a total of 255 full-time and 200 part-time faculty members. Also, for the Top 97 Undergraduate Business Schools, The Poets & Quants ranked the school at 27.
Questrom School of Business admissions are open for many intakes during the year and the deadline for applicants is 6 January daily. For undergraduate and graduate enrollment, all candidates must pay a non-refundable fee of USD 65 and USD 125, respectively. Lastly, the school falls in the group of relatively selective institutions for studying in the USA with an admission rate of approximately 51 percent.
Highlights:
| Type of School | Private, AACSB-approved |
| Faculty Members | 250+ |
| International student percentage | 30% |
| Number of Undergraduate Seats | 1750 |
| Number of Postgraduate Seats | 900 |
| Percentage of International Students | 33 |
| Undergraduate International Students- Basic tuition fees | USD 56412 per annum |
| Graduate International Students- Basic tuition fees | USD 56412 per annum |
| Test Scores Accepted | GMAT 690 |
| English language proficiency score | TOEFL or equivalent |
| Financial Aid | Available as grants, awards, and scholarships |
| Website | www.bu.edu/questrom |
Also Read: Documents required for F1 Visa Application in the US
FAQs Related TO MIM in USA
Ques. Which universities offer MIM in USA?
Duke University, California State University, MIT, University of Columbia, and the University of Southern California are some of the popular universities offering Masters in Management (MIM) in the USA.
Ques. How much time is required to complete a MIM in USA?
Ans. A MIM in USA can be completed within 10 to 18 months. However, MIT Sloan School of Management offers a Masters in Management degree of 9 months only.
Ques. How much does it cost to study MIM in USA?
Ans. Total tuition fees of top-ranking universities offering MIM in USA ranges between 16,800 USD to 141,000 USD. The cost of living in the USA for international students is approximately 15,000 USD.
Ques. What are the admission requirements for MIM in USA?
Ans. A bachelor’s degree with at least a 3.0 GPA is required to apply for MIM in USA. International students are also required to submit IELTS or TOEFL test scores to demonstrate proficiency in the English language.
In conclusion, we have presented with some of the important information you should take into consideration when planning to pursue MIM in USA. For further counselling and guidance, contact ForeignAdmits now!