Masters in Management in USA: Fees , Top Colleges, Placements & Salary

Masters in Management (MIM) in USA is a widely known post-graduate degree in the USA, which mainly targets new graduates or those with very short working experience. In comparison with an MBA (which is aimed at professionals with previous years of experience), the MIM is aimed towards imparting knowledge to fresh students and teaching them the essentials of business, leadership, and management. 

The cost of studying Masters in Management in the United States of America is relatively between $50, 000 to $80, 000 a year. English is the mode of education and the entrance requirements are IELTS/TOEFL and GMAT may be required by some colleges. The course  normal duration is of 18 months and the common intakes include September and January.  MIM students in USA receive an average of $70,000- $80,000 per annum.

Masters in Management in USA: Quick Highlights

Masters in Management in USA quick highlights are mentioned below in the table-

Masters in Management in USA: Important Dates and Events

Masters in Management in USA important dates and events for different universities are mentioned below-

Application Starts and End Dates for Top Universities

• Harvard University deadline- 1 December, 2025
• Massachusetts Institute of Technology deadline- 1 November, 2025
• Stanford University deadline- 1 December, 2025
• University of Pennsylvania- 1 November, 2025

Visa Application Timeline

The visa application timeline for Masters in Management in USA is generally Spring or early summer of the applying year.

Masters in Management in USA Fees

The fees for Masters in Management in USA varies in different universities but approximate fee details are mentioned below in the table-

Why Choose Masters in Management in USA?

The major reasons to choose a Masters in Management in the USA are listed below in brief-

• World Ranked Universities: Universities such as the Harvard University and Massachusetts Institute of Technology which are ranked in top 2 according to QS subject ranking 2024
• Industry-Relevant Curriculum: Courses refer to the present business practices and most of them entail internships or industry projects.
• Multicultural Setting: There are a number of students in the USA who come in with an international background, so there is a lot of exchange or networking in terms of culture.
• Post-Study Work Visa: USA has a temporary visa which gives students the post-study work rights.

Also Read :

Other Popular Countries for Studying Masters in Management

Masters in Management in USA Qualifications

• Should have passed Class 12 (or Level) with any recognized board (e.g. CBSE, ICSE, State Boards, IB).
• Should have completed an undergraduate degree of 3 years from a recognised university.
• UG degree should be completed within 5 years from the date of applying to the MIM program.
• GPA score should be 3 or higher.
• GMAT score should be more than 600.
• IELTS score- 7 or more
• TOEFL- 80- 100

Masters in Management in USA: Eligibility Criteria- Category-wise

The Masters in Management in USA eligibility criteria category-wise is mentioned below in the table in detail- 

Masters in Management in USA Application Process

• Research, and make a list of universities where Masters in Management is offered in the USA.
• Qualification criteria: Class 12 marks + undergraduate degree + Knowledge of English (IELTS/TOEFL/PTE)+ GMAT score ( if applicable).
• Get ready paperwork: Academic transcripts, passport, SOP, test scores, and so on.
• Online registration can be either through the university portal or through appointed agents.
• Accept and pay the tuition deposit fee to receive the offer letter.
• Apply for a student visa.

SOP, LOR and Resume for Masters in Management in USA

1.  SOP Statement of purpose (SOP)

It is an original essay that tells the reasons on why you want to study Masters in Management in USA, your career objectives and why you prefer such a university.

SOP should have:

• Short scholastic background (Class 12 and undergraduate program)
• The reason behind why you want to do MIM in USA
• Why USA? Why that institution of higher learning?
• Your short-term / long-term career objectives
• Skills, strengths and other achievements
• How the program will help you in achieving your dreams

2. Letter of Recommendation ( LOR )

An official letter by a college teacher or the mentor or HOD, who has formally approved your academic aptitude, behaviour and eligibility of taking a MIM course.

LOR Needs to Contain:

• Your association with recommending person (e.g. faculty of undergraduate program)
• Your attributes in qualities, success, attitude and leadership competence
• Collaboration, communication, solving problems, etc.
• Name, designation and contact details of recommender

3.  Resume

A resume should include a brief description of student’s education background, extra-curriculum participation, and any internship done earlier.

Sections of Resume:

• Contact, Name, Nationality
• Education (12th+ undergraduate degree marks)
• Skills (communication, language, computers etc.)
• Extracurricular Activities
• Certifications

Entrance Exams for Masters in Management in USA

There is a centralized entrance exam in USA to take admission into the postgraduate course of Masters in Management i.e. GMAT (required by some universities). The academic scores in 12th  and English proficiency tests are the main entry requirements to the majority of USA universities including IELTS and TOEFl.

IELTS/ TOEFL Tips

• Get acquainted with the structure and deadline of the examination.
• Undergo a routine comprehensive practice mock test.
• Do daily vocabulary building 
• The focus of the reading needs to be set on skimming and scanning.
• Become an improved note taker during hearing passages.
• Writing (but, consequently) link words.
• Speak in full sentences; no saying yes or no.
• Self feedback: write and listen to what you are saying.
• TOEFL rapid writing: You will need to type.
• Read and prep using high quality resources (Cambridge, ETS, Magoosh).
• Develop the areas of weakness.
• BBC, TED Talks, scholar videos.
• Be calm and time-sensitive in the exam.
• Research sample essays and oral responses.

Masters in Management in USA Cutoff

USA Universities require 85% in under-graduation for studying Masters in Management in USA.

IELTS/TOEFL Cutoff

The cutoff for various entrance exams required for studying Masters in Management in USA is mentioned below in the table- 

Masters in Management in USA Syllabus

The Masters in Management in USA syllabus is mentioned below in the table in detail-

Core Courses:

• Business Statistics
• Financial Accounting
• Microeconomics
• Managerial Decision Modeling
• Managerial Psychology

Specializations:

In analytics-

• Applied Regression Analysis
• Big Data
• Machine Learning
• Advanced Decision Modeling with Python
• Data-Driven Marketing
• Experimental Marketing
• Revenue Management
• Healthcare Analytics
• Financial Econometrics
• Data Analysis with R and Python
• Data Analysis with Python and SQL
• Data Visualization for Decision-Making

In entrepreneurship-

• Accounting for Entrepreneurship
• Entrepreneurial Finance and Private Equity
• New Venture Strategy
• Building the New Venture
• New Venture Challenge (application based)
• Entrepreneurial Selling
• Impact Investing
• New Social Venture (application based)
• Application Development
• Technology Strategy
• Innovation Leadership

In finance-

• Managerial Finance
• Financial Instruments
• Cost Analysis and Internal Controls
• Accounting and Financial Analysis
• Financial Statement Analysis
• Advanced Financial Analysis and Valuation for Global Firms
• Portfolio Management
• Quantitative Portfolio Management
• Fixed Income Asset Pricing
• Cases in Financial Management
• Consumer Finance
• Entrepreneurial Finance and Private Equity

In marketing-

• Marketing Strategy
• Consumer Behavior
• Data-Driven Marketing
• Experimental Marketing
• New Products and Services
• Brand Management in a Digital Age

In strategic management-

• Building the New Venture
• Strategy and Structure
• Technology Strategy
• Competitive Strategy
• Reputation, Regulation, and Communications
• Storytelling and Narratives in Business
• Strategy Simulation
• Strategies and Processes of Negotiations

Best Universities for Masters in Management in USA

Let's give a look at the best universities for Masters in Management in USA.

Public Universities

The top 5 universities for Masters in Management in USA are listed below with their QS rankings 2024-

Masters in Management in USA vs UK

When a student is given a choice between Masters in Management in USA and  Masters in Management in the UK, there are a few aspects that ought to be put into consideration such as duration, the cost, cost of living and mode of instruction. Depending on the medium of teaching, the two countries also have internationally recognised degrees. All the information has been indicated below in the table-

Career Scope after Masters in Management in USA

The career outlook after studying Masters in Management in USA is broad especially, to the new postgraduates making their way to the business zone. Majority of the companies want to recruit graduates who have obtained MIM degrees as-

• Project manager
• Business Analyst 
• Data/Information analyst
• Consultant 
• Human Resource Manager
• Operations Manager

Top Recruiters/ Placement Companies

• IBM
• Google
• Microsoft
• Amazon
• Apple

Masters in Management in USA Salary Package

MIM students from the USA are offered hefty packages. The salary in details is mentioned below-

Conclusion

The decision to pursue a Master degree in management in USA is a wise decision and it is a good move as well because you  will be able to get a head start in the business world as a relatively new graduate half way around the globe. Having an adequate combination of globally ranked universities, high leadership and practical skills, the availability of a vast number of employment opportunities, the USA provides a concrete foundation to future businessmen. The MIM degree exposes one to a wide variety of industries, a wide range of competitive pay, and international exposure. 

Frequently Asked Questions

Q.1 What are the admission requirements of Masters in Management in USA?

• Cleared 12th grade
• Undergraduate degree with 85%
• IELTS- 7 or more
• TOEFL- 80-100
• GMAT- 600+

Q.2 In the USA are IELTS or TOEFL required to study MIM?

Yes, English proficiency is a requirement for international students for studying Masters in Management..

Q.3 What is the fee for pursuing a Masters in Management in USA?

• Tuition Fees: $50,000- $80,000
• Living Cost: $20,000- $30,000

Q.4 Which careers can I have after studying Masters in Management in USA?

• Project manager
• Business Analyst 
• Data/Information analyst
• Consultant 
• Human Resource Manager
• Operations Manager

Q.5 Which are the best universities for Masters in Management in USA?

• Harvard University
• Massachusetts Institute of Technology
• Stanford University
• University of Chicago
• University of Pennsylvania