Have you considered obtaining a management, entrepreneurship, or leadership degree? Then, a Master of International Management should be the most crucial degree on your list (MIM). The Master of Management degree was initially developed in Europe to help young professionals advance in their jobs. Furthermore, it helps you develop advanced general management competence even though you have never taken a management course. Upon completing the MIM program, you will receive either a Master of Science (M.Sc.) or a Master of Arts (M.A.) degree.
Why pursue a Master of Science in Management (MIM) in the USA?
The USA is home to some of the biggest companies in the world in every industry. As a result, many notable American economy companies, ranging from technology to agriculture, are looking for excellent business managers. Now let’s look at reasons to enroll in a Master of Science in Management program in the U.S.
- For MIM graduates, there will be 706,900 new jobs available by 2028.
- The yearly salary for MIM students is $105,660 (INR 78.39 lakhs), which is higher than the national average for all occupations in the United States.
- International students can get up to 12.5% of managerial positions.
- The United States is home to some of the best business schools in the world.
- Unlike an MBA, students can readily discover universities that don’t require work experience.
Top MIM Universities in the USA
Some of the top graduate business schools in the world are located in the United States. After finishing your coursework at these institutions, you can pursue employment in consulting, project management, entrepreneurship, international business, and business analytics. According to the Q.S. News Rankings for 2022, the top universities in the USA that provide MIM programs are mentioned here, along with their tuition prices.
|Name of Institution||Course Name & Tenure||Total Course Fees|
|Stanford University||MS in Management Science and Engineering (18 months)||USD 95,570 or INR 71.22 lakhs (yearly)|
|California State University, Los Angeles||MSc in Business Administration (24 months)||USD 28,000 or INR 20.77 lakh|
|Kellogg School of Management||MS in Management Studies (10 months)||USD 60,240 or INR 44.89 lakhs|
|Boston University- Questrom School of Business||MS in Management Studies (nine months)||USD 58,560 or INR 43.59 lakhs|
|Yale University- Yale School of Management||Master of Advanced Management (12 months)||$76,770 or INR 57.14 lakhs|
|MIT Sloan School of Management||MS in Management Studies (nine months)||USD 78,954 or INR 58.83 lakhs|
Cost of MIM Education in the USA
International students living and studying MIM in the USA must cover several unique costs. To better comprehend the cost of receiving a MIM in the United States, program costs at the university and living expenses can be separated into two groups.
Depending on the university and course specialty, tuition for studying MIM in the USA ranges from USD 55000 to USD 80000 on average. However, based on the advantages offered to students and the education standard, certain top-ranked universities may charge a higher program fee.
Students must pay various expenses in addition to tuition at the university. In addition, in the United States, considerable expenses are connected to housing, food, transportation, entertainment, and study materials. The overall monthly expenses for international students range from USD 1000 to USD 1500.
Scholarships for MIM in the U.S.
Scholarships are a type of financial help provided by American schools and institutions. These scholarships are available to international students studying for the MIM degree in the United States. American universities give scholarships based on the qualities and academic record of the candidate.
The scope will then be as follows:
The Master’s in Management is quite popular among international students for various reasons.
- They are distinct from conventional MBAs in a few ways. For one, they don’t require work experience to enter the sector.
- Second, the United States offers a wide variety of work options.
- Third, those with a MiM degree may make an average yearly salary of about $76,000, or INR 56.43 lakhs.
In addition to hiring people, the federal government and Army institutions do so. Executive director, director of operations, project manager, operations manager, director of human resources, and more are just a few open positions. Salary ranges for senior positions can reach up to $96,000, or INR 71.29 lakhs.
Admission to Master’s in Management programs is a significant accomplishment for students. A MIM will change your life if you wish to have a prosperous job after Masters in Management in the USA. Students who complete a MIM program and possess the required professional experience and management knowledge can significantly impact their future. Try not to become fixated on the eligibility requirements and financial considerations, even though it’s normal to feel anxious.