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Masters in Management in the USA

Table of Content

640

Avg. GMAT

22

Minimum Age

  $ 110K

Avg. Cost of Study

12

Months Duration 

$ 75K

Avg. Salary

Why Study MiM in the USA?

The US is a popular destination for international students who want to pursue a Master’s in Management (MIM). There are many reasons for this, including the high quality of education, the strong job market, and the diversity of the student body.

The US is home to some of the best business schools in the world. These schools offer rigorous academic programs that prepare students for successful careers in management. Moreover, the US has a strong job market for MiM graduates. Many top companies recruit from top business schools, and there are opportunities in various industries. The student body at top business schools in the US is very diverse.

MIM graduates have a wide range of career options. They can work in various industries, including finance, consulting, marketing, and technology. MIM graduates are also in high demand for jobs in the public sector. The US is an excellent option if you want to pursue a MiM. The high quality of education, the strong job market, and the diverse student body make the United States an ideal destination for MIM students.

If you are willing to put in the hard work, a MiM degree from a top business school in the United States can be a valuable asset for your career.

Visa and Stay Prospects : MiM in the US

If you are an international student who wants to pursue a Master’s in Management in the USA, you must obtain a student visa. The most common type of visa for MiM students is the F-1 visa. The F-1 visa allows you to stay in the USA for the duration of your studies, plus an additional 60 days.

To apply for an F-1 visa, you will need to submit the following documents:

  • A visa application form
  • A passport that is valid for at least six months beyond the end of your studies
  • Proof of financial support
  • An acceptance letter from a US university
  • A medical examination

Once approved for an F-1 visa, you can enter the USA and start your studies. You will need to maintain a full-time student status in order to keep your visa valid.

After you have completed your MiM degree, you may be eligible to stay in the USA and work. You can apply for the Optional Practical Training (OPT) program, which allows you to work for up to 12 months in your field of study. If you are able to find a job that sponsors you for a work visa, you may be able to stay in the USA permanently.

Visa Extensions

If you are an international student who wants to stay in the USA after you graduate from your MiM program, you may be eligible for a visa extension. There are a few different types of visa extensions that you may be eligible for, including:

  • STEM OPT extension: If you have completed your MiM program in a STEM-related field, you may be eligible for a 24-month STEM OPT extension.
  • O-1 visa: If you are a highly skilled worker in the field of management, you may be eligible for an O-1 visa.
  • H-1B visa: You may be eligible for an H-1B visa if you have a job offer from any US employer.

Applying for a visa extension can be a lengthy and complex process, so speaking with an immigration attorney to discuss your options is a must.

Which Visa to Apply to After Course Completion

If you want to stay in the USA after your OPT expires, you will need to apply for a different type of visa. The most common type of visa for MiM graduates who want to stay in the USA is the H-1B visa. The H-1B visa is a work visa that allows you to work in the USA for up to six years.

To apply for an H-1B visa, you will need a job offer from a US employer who would be willing to sponsor you for the visa. The H-1B visa process is very competitive, so it is crucial to start the process early.

With careful planning and proper preparation, you can successfully obtain a visa and stay in the USA after graduation.

Types of MiM Offered in the USA

A range of MiM is offered in the United States, each offering unique features. Here are some of the common types of MiM programs offered:

Full-time MiM programs

These programs typically span two years and are designed for students who can fully commit to their studies. Full-time MIM programs often have a rigorous curriculum and provide opportunities for networking with fellow students and professionals.

Part-time MiM programs

Geared towards students who are unable to pursue full-time study, part-time MiM programs offer flexibility for students to balance their studies with work commitments. While these programs may take longer to complete, they allow students to earn their degrees while gaining valuable work experience gradually.

Executive MiM programs

Tailored for seasoned professionals seeking career advancement in management roles, executive MiM programs have a condensed curriculum intended to be completed within a year or less. These programs cater to experienced individuals who need focused and specialized education to propel their careers.

Online MiM programs

With the convenience of remote learning, online MiM programs enable students to study from any location worldwide. These programs generally offer a flexible curriculum, allowing students to balance their studies with personal and professional responsibilities.

Specialized MiM programs

Designed to concentrate on specific management areas, such as finance, marketing, or operations, specialized MiM programs provide in-depth expertise in a particular field. Students who wish to gain specialized knowledge in a specific management area can opt for these programs.

Dual degree MiM programs

Combining two degrees into one program, such as an MBA and a MiM, dual degree MiM programs offer a more comprehensive education. Students can benefit from a broader skill set and career opportunities by pursuing these dual degree programs.

— When considering MiM programs, prospective students should evaluate their personal preferences, career goals, and time commitments to select the program that aligns best with their aspirations.

 

Eligibility Criteria : MiM In the US

The eligibility criteria for a Masters in Management program in the USA typically include the following:

  • Applicants must be at least 21 years old.
  • Applicants should have a solid academic background, often demonstrated through transcripts and GPA requirements set by the university.
  • Proficiency in English is typically required, and it is commonly demonstrated through standardized tests like the IELTS or TOEFL. Specific score requirements may vary by university.
  • While some MIM programs may recommend submitting a GMAT score, it may be optional for some universities. Check the specific requirements of each university you are interested in.
  • Students are generally required to submit a well-written statement of purpose explaining their motivation, career goals, and why they wish to pursue a Master’s in Management.
  • Most MiM programs ask for letters of recommendation from previous employers or professors, which provide insights into the applicant’s abilities, skills, and character.

Documents required : MiM in the US

In addition to the above criteria, the documents typically required during the admission process for MiM programs in the USA include:

  • Medical certificate
  • Police Clearance Certificate
  • Admission Letter
  • SOP (Statement of Purpose)
  • LOR (Letters of Recommendation)
  • Proof of accommodation
  • Travel medical insurance
  • Proof of Funds
  • Educational qualifications
  • Work experience (if applicable)
  • Language proficiency scores
  • Entrance exam scores (if applicable)

— Please note that exact requirements may vary between universities, so it is important to check the specific admission criteria and document requirements for each MiM program you are interested in applying to.

 

Program Costs + Living Expenses : MiM in the US

$ 80,000

Avg. Cost of living

+

$ 24,00

Avg. Living Cost

104,540

Avg. Cost of Study

The program costs vary significantly depending on the university, duration, and location. The average tuition for MiM in the USA can range from approximately 40,000 to 120,000.

In addition to the program costs, it is essential to consider the cost of living in the USA as a student. The cost of accommodation, dining out, transportation, and utilities can vary greatly depending on the city you choose to study in. Students can expect to spend around $24,000 per year on living expenses. However, it’s important to note that this is a general estimate, and actual costs may vary based on individual lifestyle choices and location.

When preparing to pursue a MiM in the USA, knowing the visa and SEVIS fees is crucial. The visa application fee for student visas is 160, and the SEVIS fee is 350. The SEVIS fee is a one-time payment that supports the Student and Exchange Visitor Information System (SEVIS), which tracks the immigration status of international students. The total cost of the visa and SEVIS fees amounts to $510 and is paid during the visa application process.

— It is important to remember that these figures are approximate and can vary. It is advisable to research the specific costs associated with your chosen program and consult with the universities directly for the most accurate and up-to-date information on program costs and living expenses.

Scholarships Available : MiM in the US

The cost of studying for a Masters in Management in the USA can be significant. However, several financial aid options are available to help students cover the cost of their education. From scholarships and grants to assistantship programs and student loans, these resources can provide much-needed financial support to make pursuing a MiM more affordable. By exploring and utilizing these financial aid options, students can alleviate the financial burden and focus on their academic and professional goal

University Scholarships 

Many universities in the USA offer scholarships to their students. These scholarships are typically awarded based on academic merit, extracurricular activities, or financial need. These scholarships serve as a valuable resource for students, helping to make their education more affordable and accessible. By recognizing and rewarding students’ achievements, universities aim to support their academic pursuits and create opportunities for success. 

External Scholarships 

There are a multitude of external scholarships specifically designed for international students who aspire to pursue a MiM in the USA. These scholarships are a valuable source of financial assistance to make education more accessible and affordable for international students. They are typically awarded based on various criteria, including academic excellence, outstanding extracurricular achievements, or demonstrated financial need. Through these external scholarships, international students are provided with the opportunity to fulfill their academic aspirations and contribute to their personal and professional growth while studying in the USA.

Here are some external scholarships you should keep an eye on:

External Scholarships

ABD – Japan Scholarship for Developing Countries

Narotam Sekhsaria Scholarship

INSEAD-Syngenta MIM Scholarships for Developing Country Leaders

Lee Kong Chian Graduate Scholarship

S.P. Jain School of Global Management Scholarships

Tan Kah Kee Postgraduate Scholarship

Government Grants

In addition to university and external scholarships, the US government plays a significant role in supporting students pursuing higher education, including those seeking a MiM in the USA. Recognizing the importance of education and the financial challenges students may face, the government offers a range of grants specifically designed to help alleviate the burden of educational expenses. These grants are primarily awarded based on financial need, ensuring that students from various economic backgrounds have the financial support to pursue their academic goals. By offering these grants, the US government aims to promote equal access to quality education and empower students to achieve their full potential, irrespective of their financial circumstances.

Student Loans

Students who require financial assistance to fund their MiM degree can also utilize student loans. Various types of loans are available, including federal and private loans. Federal loans, often favored for lower interest rates than private loans, provide students with a viable borrowing option. However, these loans have certain limitations, such as a maximum borrowing amount and specific eligibility criteria.

On the other hand, while not subject to the same restrictions as federal loans, private loans generally come with higher interest rates. While private loans may offer more flexibility, it is crucial for students to carefully evaluate the terms and conditions before committing to this type of loan.

Federal loans tend to feature lower interest rates but have stricter limitations, while private loans offer more flexibility but typically carry higher interest rates. Prospective borrowers should carefully consider their individual circumstances and compare options to make informed decisions about loan financing.

Career Prospects : MiM in the US

73%

Employed within 3 months of graduation

80K

Avg. Salary

Most Sought-after Jobs

Consultant

Financial Analyst

Business Analyst

Marketing Manager

Human Resources Manager

Data Scientist

Product Manager

Top companies in the USA, including technology companies, consulting firms, financial services companies, and non-profit organizations, look for masters in management graduates. These companies look for graduates with a strong understanding of business principles and the skills and experience to solve complex business problems. They offer MIM graduates competitive salaries and opportunities for career growth. If you are interested in a career in management, a MiM degree can be a great way to get started.
Here are some of the top companies in the USA that look for MiM graduates:

  • Google
  • Amazon
  • Microsoft
  • Boston Consulting Group
  • Accenture
  • Deloitte
  • EY
  • JP Morgan Chase
  • Wells Fargo
  • The Gates Foundation
  • The World Bank

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Top 5 MiM Colleges in the USA

1. HEC Paris

The HEC Paris Master in Management is a great starting point for an international business career. You can customize the curriculum to meet your unique requirements while obtaining exceptional and comprehensive management training thanks to the availability of 20 specialties, 20 international dual degree programs, a large selection of electives, and an optional gap year. With its distinct dual-phase curriculum, ideal theory-practice ratio, and numerous ties to leading businesses and industry influencers, it offers you a clear competitive edge in the job market. The program’s international reach more than 90 different countries are represented among its students and its faculty, which consists of top authorities in their disciplines, are noteworthy features.

 

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3. London Business School

The Master in Management (MiM) program at the London Business School is a graduate program designed to provide students with the necessary skills and knowledge to succeed in the ever-changing business landscape. The program is well-known for its high academic standards and its broad, multinational student population. It offers a thorough education in management principles, strategic thinking, and leadership. The MiM program, lasting 12 to 16 months, integrates demanding academic curriculum with hands-on experiences, equipping graduates for prosperous jobs across diverse industries. 

 

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2. University of St. Gallen

The St. Gallen Master in Management program aims to be a top-tier program that provides great management education, creating significant value for students, employers, and society as a whole. The MIM provides an exceptional management education by integrating the research-based, academic rigor of a Master of Arts with the practical approach of top MBA programs. The MIM program focuses on key areas such as strategy, leadership, finance, marketing, organizational behavior, and international management. It aims to equip you with the necessary skills and knowledge to excel in various roles, including manager, entrepreneur, and business consultant, in the rapidly evolving digitalized landscape of today’s world. 

 

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4. ESCP Business School

The ESCP Business School Master in Management program is conducted in six campuses located in prominent European cities, facilitating a genuinely global educational experience. The program combines theoretical knowledge with real-life business difficulties, with a significant focus on practical application. This approach ensures that graduates are fully prepared to manage the intricacies of the contemporary corporate environment. The Master in Management program offers a wide range of 67 specializations, partnerships with over 40 dual degree institutions, and is offered in 6 metropolitan campuses located in some of Europe’s most desirable cities. 

 

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5. ESSEC Business School

The ESSEC Business School Master in Management (MIM) program is available in two separate tracks, each specifically designed to meet the individual requirements and ambitions of our students. Throughout your academic pursuits, you will have the opportunity to chart your own professional trajectory, assuming the role of an enterprising individual in charge of your own educational voyage, exploring any of the program’s 50 specialized areas of focus. You have the opportunity to volunteer and actively participate in any of our numerous student associations and alumni clubs that are committed to improving the world.

 

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FAQs about MiM in the US

While U.S. federal student loans are generally not available to international students, some private lenders offer education loans to international students with a U.S. co-signer. These loans may cover tuition, living expenses, and other educational costs.

Yes, most U.S. universities have dedicated career services that provide assistance with job searches, resume building, interview preparation, and networking. These services can be invaluable in helping international students navigate the U.S. job market.

After completing your studies, you may be eligible for Optional Practical Training (OPT), which allows you to work in your field of study for up to 12 months (or up to 36 months for STEM graduates) after graduation. This can provide valuable work experience and potentially lead to further opportunities in the U.S.

Scholarships and funding opportunities vary by institution. Typically, you’ll be automatically considered for some scholarships upon submitting your application for admission. Others might require separate applications. Make sure to review the university’s financial aid page for specific instructions and deadlines.

To be eligible for an F-1 visa, you must have an acceptance offer from a Student and Exchange Visitor Program (SEVP)-approved U.S. school, sufficient funds to cover tuition and living expenses, and a residence abroad you intend to return to after completing your studies.

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