Master’s in Business Management in the USA

According to BLS, by 2024, around 1,38,000 new opportunities will be available for business management graduates in the USA. This is expected to be a 23% rise compared to current demands. There is no wonder why international students love to pursue a Master’s in Business Management in the USA.

Leadership roles are something more special and emotionally connected with one’s soul. Reputed universities and business schools in the USA teach global leadership skills to their business graduates. Keep reading if you wish to know about the lesser-known surprising facts on Master’s in Business Management in the USA.

Highlights of Master’s in Business Management in the USA:

Colleges	500+ colleges
Admission	Average GPA- 3.4 TOEFL iBT Score- 70 Average 5 years of Work Experience
MBM Specialization	MBM in General Management \| MBM in Marketing \| MBM in Human Resource Management \| MBM in Finance
Average Tuition Fees	$33,300-93,600
Average Salary	$117,559

Why study Master’s in Business Management in the USA?

1. Top of the list

According to the QS and FT rankings, about 50 business schools in the USA are ranked internationally. In addition, 51 courses from US business schools are ranked among the top programs worldwide in the Financial Times Global Master’s in Business Management rating.

2. Outstanding work opportunities

The headquarters of about 500 international firms are located close to the USA. The average annual wages for MBM grads are roughly 116,000 USD. You, therefore, have a fantastic chance of being hired by the best international recruiters.

3. Financial aid of all kinds

Who doesn’t appreciate scholarships? For international students, 348 universities provide a variety of scholarships.

4. Experience in the industry

You have access to various training programs, internships, hands-on learning experiences, and opportunities to network with international leaders who will help you fulfill market expectations.

Best Universities for Master’s in Business Management in the USA:

University	Program Offered & Duration	Admission Deadlines	Tuition Fee (USD)
Massachusetts Institute of Technology	MS in Management Studies; 9 months	February 15, 2023	80,400
Stanford University	MS in Management Science and Engineering; 1.5 years	December 13, 2022 (applications closed)	52,160
Yale University	Master of Advanced Management; 1 year	February 22, 2023	79,000
Columbia University	MS in Management Science and Engineering; 1 year	February 15, 2023	85,032
University of Michigan, Ann Arbor	Master of Management; 10 months	February 17, 2023	54,985
Northwestern University	MS in Management Studies; 10 months	February 20, 2023	62,349
New York University (NYU:	MS in Management and Systems; 1.7 years	February 1, 2023	93,534
The University of California, Los Angeles (UCLA)	MS in Management; 1.3 years	January 7, 2023 (applications closed)	33,238
Duke University	Master of Management Studies; 10 months	January 18, 2023	59,300
Boston University	MS in Management Studies; 9 months	April 5, 2023	61,050

Course Curriculum of Master’s in Business Management in the USA:

The specialization you choose to pursue may also influence your decision on a Master’s program. The above-mentioned US colleges took the top spots for the various course specializations offered, according to the QS MBM by Specialization Rankings.

Types of Masters in Master’s in Business Management in the USA:

Universities in the USA provide a wide range of business graduate programs that are thorough and flexible. Universities in the USA offer the following kind of Master’s degrees in business management:

Full-Time Program: Available at Stanford, Harvard, UPenn, Chicago-Booth, MIT
Executive Program: Available at UPenn Wharton, MIT, Yale, Northwestern
Part-Time Program: Available at MIT, Harvard, Stanford, and Columbia University
Online Program: Available at Indiana University, University of North Carolina, University of Florida

Eligibility Criteria for Master’s in Business Management in the USA:

The eligibility requirements for MBM programs in the USA involve assessing applicants based on several criteria.

16 years of education must be completed, which entails completing a four-year bachelor’s program or having a 10+2+4 education.

Scores from standardized exams: A high GMAT score is a prerequisite for admission to most business schools in the USA. Some universities might accept GRE equivalents.

Language Proficiency Scores: International applicants must provide their IELTS or TOEFL results as proof of their English language proficiency.

Work Experience: Applicants must typically have three years of work experience to study MBM in the United States. However, this varies depending on the sort of MBM program taken and from university to university.

Admission Requirements for Master’s in Business Management in the USA:

International students who wish to study abroad must submit a few additional documents. The following is a list of some of these:

Academic Transcript
GMAT/GRE scores
Letters of Recommendation
Resume
Cover Letter
Statement of Purpose

American Student Visa

The F-1 Student Visa is typically given to non-immigrants who want to pursue advanced research or higher education in the US. The I-20 form from the university where they are enrolled is also required. While studying in the USA, accepted students can work part-time jobs but not full-time occupations. On-campus employment is limited to 20 hours per week.

Admission Process for Master’s in Business Management in the USA:

By taking the steps listed below, you can finish your application for a master’s degree in business management in the US:

Decide on the Master’s in Business Management degree you wish to take, then search for the best university that offers it.
Visit the university’s official website and gather all information on eligibility and the admissions procedure.
Upload scanned copies of all the necessary paperwork (transcripts, a resume, IELTS or TOEFL results, GMAT or GRE scores).
Complete the appropriate application form and submit payment.
Interview the corresponding university directors in-depth. This is a fantastic chance to show off your soft skills and mental clarity.
After passing your interview and receiving the conditional offer letter, you may reserve your seat at the specific university.
By accepting the university’s terms and conditions, you can pay your deposit. However, this deposit is not transferable.

Cost of Studying for Master’s in Business Management in the USA:

Pre-Departure Expenses

One of the most crucial considerations is getting ready to study Master’s in Business Management in the United States. Therefore, several expenses must be considered before obtaining the offer letters and arriving in the USA. For example, it might cover the cost of an application, an English proficiency test, a visa, airplane tickets, etc.

Component	Cost (USD)
Application cost	504
IELTS	250
TOEFL	200
GRE	190
SEVIS	180 – 200

Average Tuition Fees for Master’s in Business Management in the USA

The cost of a Master’s in Business Management in the USA program is often determined by the university’s reputation, the value of its specializations, and its quality of teaching. In addition, people interested in management classes may already have a business or desire to advance their abilities, knowledge, and potential. In the USA, there are numerous scholarships available to lower the costs.

Cost of living in the USA:

You are not the only one seeking a cheap place to live in the USA. Many people, including foreign students, entrepreneurs, and everyday citizens, wish to live legally in the United States either temporarily or permanently each year. You may take advantage of the most exciting locations and cities with the right preparation, research, and financial possibilities.

The table below is for international students who want to live a happy life while studying.

Major elements	Average Expenses per Month (USD)
Food	150 - 200
Accommodation	1200
Transportation	150 - 300
Personal expenses	300 - 600
Health insurance	500 - 750

Scholarships and Financial Aids for Master’s in Business Management in the USA:

Some of the Master’s in Business Management scholarships in the USA for foreign students are listed below.

Scholarship Name	About/ Awarded to
Social Impact Scholarship	Meritorious financially backward students at Boston University Questrom School of Business who seek to use core business management skills to address society’s most challenging humanitarian and social problems. Amount/ Benefit: $10,000 to full tuition fees
J. N. Tata Endowment Awards	One-time loan scholarship to Indians studying in the US is offered at the beginning of an academic year for full-time postgraduate /Ph.D./ postdoctoral/ research fellowships studies in all fields. Amount/Benefit: $1,300 - $13,150
Wharton Academic Excellence Scholarship	Domestic and international students who achieve the highest academic performance (GPA) during their second and third semesters of the MBM program at Wharton Business School. Amount/Benefit: $10,000
Dr. Bruce I. Jacobs Scholars in Quantitative Finance	Second-year MBM students with high GPA majoring in Quantitative Finance at Wharton Business School. They must complete 9 credits in the first year of their MBM. Amount/ Benefit: $25,000
The International Peace Scholarship	Female international students who want to study any course, including MBM, at UCLA Anderson School of Management. It is a merit-based scholarship. Amount/ Benefit: $10,000
Dean’s Scholarship	Candidates with outstanding professional, academic, and personal qualities pursuing an MBM from Boston University Questrom School of Business. Both domestic and international candidates will be considered for this scholarship. Amount/ Benefit: $10,000 to full tuition fees

Career Opportunities after Master’s in Business Management in the USA:

The best colleges prepare international students for the future global market by providing top-notch courses. Leading employers like Amazon and Google are openly accepting graduates for well-paying employment. The average annual salary for management graduates is expected to be around 115,000 USD as of 2021. Students from a variety of industries, such as finance, business, analytics, marketing, consulting, etc., are hired by recruiters. Currently, 95% of MBM graduates are employed. However, knowing the ideal employment function enables students to prepare appropriately.

S. No	Job Designation	Average Annual Salary(USD)
1	Business development director	105,000
2	Project Manager	76,420
3	Operation Manager	62,461
4	Finance Manager	92,093
5	Financial Analyst	62,734
6	Accounting Manager	72,412
7	Data analyst	60,859
8	Product Manager	95,924
9	HR Manager	66,325
10	HR Director	90,542