Masters in International Business (MIB) in USA

Types of Master's Degrees and Specializations in International Business in USA

Pursuing a masters of international business courses in USA will enable students to explore different specialisations such as:

• Master of Marketing
• Master of Finance
• Master of Accountancy
• Master in Global Management
• Master of Business Analytics

Top Universities for Masters in International Business USA

Master in International Business is a very profitable course that imparts a sense of international business and the global economy to students. Here are some of the top universities for students to study international business in USA.

1. University of Chicago
2. Yale University
3. New York University
4. University of Florida
5. Arizona State University

Let us discuss the key specifications about each university one by one:

1. University of Chicago

The master's course in International Business at the University of Chicago is known all over the world to be one of the best in the field of education. Students are provided with insights into the international business market and there are different projects and research activities for them to take part in. Students can select the track from different concepts such as business studies, international business relations, management, marketing, and much more. There are also internship opportunities for students as well.

Type of Establishment	Private
QS World University Ranking 2023	10
QS Subject Ranking 2022	13
Popular Programs	Master of Business Administration - International Business Duration – 2 years
Course Fees (Annual)	66807 USD/ INR 53 Lakhs

2. Yale University

Another prestigious institution that is also known for offering the best courses in international business for students all over the world is Yale University. The master's courses are offered in different specialisations such as global administration, master of management, and much more. During the course, students will get advanced coursework at the nexus of society and global business, building right upon the foundation of their master’s in management.

Type of Establishment	Private
QS World University Ranking 2023	18
QS Subject Ranking 2022	6
Popular Programs	Master of Management Studies in Global Business & Society Duration - 9 months
Course Fees (Annual)	71849 USD/INR 57 Lakhs

3. New York University

New York University is amongst the top international business universities in USA. It is a hub of education and commerce as it uses the best programs to teach students about exploring the international commerce segments and global businesses around the world. Students can polish their skills in management and business relations by pursuing this course. New York University Global MBA course imparts a fresh foundation of business management studies, international business, global relations, global commerce, finance, and other important aspects.

Type of Establishment	Private
QS World University Ranking 2023	39
QS Subject Ranking 2022	8
Popular Programs	Master of Business Administration - Global MBA Duration - 2 years
Course Fees (Annual)	73109 USD / INR58 Lakhs

4. University of Florida

When it comes to colleges and universities that are on-demand for international business courses in USA for international students, the University of Florida surely tops the list. In this 12-month program, students will be able to develop skills to become effective global leaders. They can expand their cultural understanding, learn different global strategies, hone professional development skills, learn how to build international relations, and much more. Overall, they can gain real-world experience in the industry with this program.

Type of Establishment	Public
QS World University Ranking 2023	188
QS Subject Ranking 2022	=290
Popular Programs	Master of International Business Duration - 1 year
Course Fees (Annual)	32773 USD/ INR 26 Lakhs

5. Arizona State University

Arizona State University is another top example of the best universities that offer amazing international business courses for students all over the world. The Thunderbird School of Global Management at the Arizona State University offers a master’s course that covers more than 16 different transdisciplinary concentrations. Some of the detailed concepts in the program include global affairs, public administration, healthcare delivery, data science, business analytics, and much more.

Type of Institution	Public
QS World University Rankings 2023	219
QS Subject Ranking 2022	167
Programs Offered	Master in Global Management Duration - 2 years
Course Fees (Annual)	65546 USD/INR 52 Lakhs

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Difference Between MS and MBA in International Business in USA

Students tend to choose International Business degrees to broaden their horizon and develop some advanced concepts of global business in preparation for a good career in marketing and finance. If you want to choose the same field, the next course of action is to understand how an MS and an MBA degree in International Business are different from one another.

Details	MS in International Business	MBA in International Business
Experience Required	More suitable for individuals who have at least 2 years of work experience	Freshers without any work experience can apply
Focus	Specialised course and focuses majorly on technical skills	Generalised course and focuses on practical training, theoretical concepts, and management skills
Career Scope	Careers in Science, Engineering, Business Administration, Research, Health, etc.	Careers in Finance, Banking, Accounting, etc.

Course Curriculum for MS International Business in USA

There are different credits included in the MS in International Business programs that are taught in colleges in USA. Some important aspects included in the curriculum include:

• Financial Accounting
• Business Statistics
• Organisational Behavior
• Financial Management
• Marketing in a Global Context

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Eligibility Criteria and Admission Requirements for Masters in International Business in USA

Students who want to pursue an international business management course in USA must know about the admission requirements as well as the eligibility criteria that they have to fulfil in order to get into these prestigious colleges in USA. Let us have a look at these criteria one by one for a more detailed understanding.

1. Bachelor’s Degree
2. English language test scores
3. Other test scores
4. Work Experience
5. USA Student Visa
6. Additional Requirements

Let’s discuss it in detail:

• Bachelor’s Degree

If you want to apply for a master's program in International Business, students will have to provide their undergraduate degree certificate with aggregate marks of 75% in all subjects with a minimum of  60% in Mathematics.

• English Language Test Scores

The English Language Proficiency tests are essential for all international students who are seeking admission into universities and colleges in USA. IELTS, TOEFL, and some other related scores will help students get into their desired universities. The minimum score requirements are mentioned below:

• IELTS: 100
• TOEFL: 7.0

• Other Test scores

In some universities, the GMAT is an essential examination that students have to pass in order to get admission into the university. The score requirement for GMAT is 500-550. However, there are some colleges and universities that offer a masters in international business in USA without GMAT. Students have to read the admission requirements carefully to be sure.

• Work Experience

In order to apply to some MS International Business colleges and universities in USA, students also have to gain some work experience of at least 2 years.

• USA Student Visa

Students who want to pursue their masters in international business management in USA need to have a valid USA student visa in order to go on their journey of learning. Students have to remember that in order to get their passport and VISA on time, they have to apply for them at least 3 months before the expected date of travel. 

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Documents Required to Study MS International Business in USA

Admission into the colleges and universities of international business in USA requires some important documents. Here are some of these mentioned below:

• Academic Transcripts
• Updated Resume or CV
• Letter of Recommendation
• Statement of Purpose
• Scorecards for English Language Proficiency Tests
• Certificate of GMAT
• Proof of financial support
• Valid Passport
• Passport size photographs 

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Admission Process to Apply for Masters in International Business in US

Here is a step-by-step process on applying for a masters in international business in USA universities.

• Have a look at the websites of the best universities and colleges that are offering the course specialisation that you want to pursue.
• Read all about the eligibility criteria as well as the admission requirements for the colleges and universities that you want to apply to.
• Fill out your application form and make a deposit of your application fee.
• Upload all the scanned documents that are required for the evaluation along with your application form.
• If your application is accepted for masters in international business in US, you will receive an email for interview rounds from the college or university.
• Go through the interview process with the members of the university. You can display your skills to let them know why you would be a good fit for the university.
• After you are selected, you will get an acceptance letter and then pay your tuition fee and start your term.

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Cost of Studying International Business in USA

While there are a lot of factors that come into action when talking about the cost of studying in USA, the expenses can be divided into two major parts: tuition fees and the cost of living.

Tuition Fees

The cost of studying international business in the USA might vary in accordance with the universities and the programs that you are choosing. On an average, the fees for International Business Universities range somewhere between 32000 USD/INR 2534241 to 74000 USD/ INR 5860432 every single year.  

Cost of Living

Now when it comes to the cost of living, it actually depends on the preferences and the lifestyle of the students. An estimate is made that on average, students have to spend about 1000 USD/ INR 79195 every single month on different items such as food, travelling, recreational activities, study supplies, housing and much more.  

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Scholarships for International Business in USA

If you want to have some financial support and help for your master's in international business in the USA, there are various scholarships available at the international business colleges in USA. Scholarships are extremely crucial for students who want to cut on costs of living and studying in the USA. Some of the popular scholarships offered for international business students are mentioned below.

Scholarship Name	Award
Jacob’s Fellowship - Loan Forgiveness Program	25,000 USD for a total of 2 years.
Yale University Assistantship	On-campus work for earning waivers & benefits.
Thunderbird Alumni Scholarship	Covers tuition fees for students.
Ann Weaver Nichols Scholarship Program	$500 for Tuition cost.
Moore School Excellence Award	$500 USD - $20,000

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Jobs After Masters in International Business in USA

Graduates with master's of international business in the USA are eligible for different positions in many reputed organisations and industries. Graduates can also expect a very high salary in the United States after completing their international business courses. Here we are mentioning some popular jobs and the salaries of the students.

Job Title	Average Annual Salary
Management Analyst	40000-90000 USD
Sales Manager	68000-137000 USD
Finance Controller	55000-124000 USD
Marketing Manager	43000-99000 USD
Management Consultant	59000-143000 USD

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Internship and Networking Opportunities

Dynamic Business Landscape:

• Major U.S. Towns, which include New York, Los Angeles, and Chicago, serve as busy business hubs.
• These towns host global companies, foreign trade offices, and financial establishments.
• The period's lively commercial business picture implies a constantly changing and busy environment, offering several job possibilities.

Building Professional Networks:

• Engaging with the commercial business community regarding jobs helps improve strong professional networks.
• Networking possibilities are made bigger past the study room, giving exposure to skilled workers and business leaders.
• Building relationships with peers, teachers, and pros through work is important for long-term career growth.

Practical Experiences:

• Internships offer palms-on, sensible classes in real global work settings.
• Students have the chance to put theory information into real business problems.
• Exposure to special enterprise functions improves the understanding of the problems of foreign commercial enterprise operations.

Industry Exposure:

• Internships in big US Towns provide exposure to different companies and industries.
• Students can study diverse parts of foreign commercial business, from advertising and banking to deliver chain control.
• Exposure to one-of-a-kind groups broadens students' views and helps them find regions of hobby for destiny activity paths.

Professional Development:

• Internships add to the expert growth of students by improving their vocal exchange, teamwork, and problem-solving abilities.
• The realistic information gained during internships is frequently valued by using groups, offering a competitive feature in the job market.
• Internships serve as a bridge between study rooms, getting knowledge of and actual-world software, making ready students for their fate jobs.

Networking Events and Seminars:

• Universities frequently host networking occasions, classes, and workshops that join college students with business employees.
• These events offer additional opportunities to build expert networks beyond the job posting.
• Attending enterprise-unique classes permits college students to stay current on trends and build hyperlinks with specialists in their area.

With a detailed understanding of the benefits as well the job scope for Masters in International Business in USA, students can definitely take the next step and study from the best universities and colleges in the United States. For further assistance, you can contact our Yocket Professionals and clear your doubts easily.