Study Destination

Study MIM in USA: Guide on MIM in USA Requirements, Fees, Scholarships, Jobs & More

Author_Image
Rohan Deshmukh
4.1k views

Masters in Management or MIM in USA is primarily offered to students who choose a creative path in the world’s business sector. This MS degree, using an action-based curriculum, promotes management and leadership talents. Also, most colleges in USA have a career-search platform encouraging students to go for their dream careers. In addition to that, students can select their specialisation from a broad range of subjects such as financial economics, business analytics, entrepreneurship, accounting, and more.

MIM in USA is a full-time postgraduate program lasting about 10-18 months and costs an annual program fee of about USD 56,800 – USD 150,000. Unlike the MBA courses in USA, MIM doesn’t require the students to have any work experience, making it an ideal choice for most international students. In this article, we will discuss all the prerequisites, eligibility criteria, top universities, and job opportunities related to Master's in Management in USA.

Table of Contents

Why Pursue MIM in USA?

Before choosing any course or specialisation, it is important for students to understand the benefits of the course and the country that they opt for. Pursuing MIM in USA has a lot of perks and we are going to discuss the same here.

  1. No Work Experience Required

Unlike other masters courses such as MBA and MSc, MIM doesn’t really require any kind of work experience from the students. So, international students that are on the lookout for a change in their course can easily do so without having to worry about experience.

  1. Versatile Study Experience

The Masters in Management is designed to be a program that offers in-depth theoretical knowledge as well as practical experience. In addition, students can choose from interesting electives such as e-commerce, business ethics, etc. In some MIM degrees in USA, students also get to learn a second language, thus making the experience far more enriching.

  1. Ranked Universities

USA holds the top position as the choice of study destination amongst international students due to the presence of top-ranked universities according to QS World Rankings. Studying MIM in US at the top universities will allow students to take advantage of the world-class infrastructure, spectacular programs, and expert faculty offered there.

  1. Skill Improvement

There is no doubt that the field of management is a diverse sector demanding a diverse number of skills and knowledge of various subjects. Pursuing a masters in management from US can help fulfil this requirement. Students are trained on different management and business aspects, thus improving their managerial, interpersonal, administration, and communicative skills.

Suggested: What are the Best MS Courses in USA?

Best Universities for MIM in USA

Universities in USA are among the top for providing the best MIM courses in the country. These universities have a full-fledged curriculum consisting of different subjects and specialisations such as human resource management, business analytics, organisation management, etc. Let us take a look at some of the best universities for MIM in USA.

Universities

QS World University Ranking 2023

New York University

39

Massachusetts Institute of Technology

1

Yale University

18

Stanford University

3

 

University of Southern California

134

Columbia University

22

California State University

1201-1400

University of Michigan

25

Carnegie Mellon University

52

Northeastern University

388

Top MIM Universities in USA

There are multiple universities that offer MIM in US for international students. Some of them are mentioned below:

  1. New York University
  2. Massachusetts Institute of Technology
  3. Yale University
  4. Stanford University
  5. Columbia University
  6. University of Southern California
  7. California State University
  8. University of Michigan
  9. Carnegie Mellon University
  10. Northeastern University

Now let us talk about each university in detail.

1. New York University

For students pursuing MIM degree in USA, the Stern School of Business at New York University is one of the best options. The program here is designed specifically to strengthen the quantitative and computational skills of students. The total duration of the program is 10-19 months and offers a broad perspective of the management industry today.

University Type

Private

Programs Offered

MS in Organization Management and Strategy

MS in Quantitative Management

Average Tuition Fees Per Year

 USD 62,665 / INR 50 Lakhs

2. Massachusetts Institute of Technology

The MIT Sloan School of Management at the Massachusetts Institute of Technology gives the best MS in Management programs for students. Backed by the best faculty and programs, studying MIM at this university prepares students to broaden their horizons on different management and business-related topics.

University Type

Private

Program Offered

MS in Management Studies

Average Tuition Fees Per Year

 USD 80,400 / INR 64 Lakhs

3. Yale University

Yale University offers the master of advanced management program to international students from over 27 countries. Students get guidance on different management, administration, computing, and business aspects. After the completion of the program, students can go off to work at amazing companies such as Amazon, Walmart, and Mars & Co. at top positions.

University Type

Private

Program Offered

Master of Advance Management

Average Tuition Fees Per Year

 USD 67,678.20/ INR 54 Lakhs

4. Stanford University

Stanford University is counted among the most prestigious MIM universities in USA. The MS in management science and engineering combines different aspects of science, engineering, technology, and management together to upskill the students. Pursuing this program at Stanford University will enable students to make a great career ahead.

University Type

Private

Program Offered

MS in Management Science and Engineering

Average Tuition Fees Per Year

 USD 87,330/ INR 69 Lakhs

5. Columbia University

Columbia University has a world-class reputation as being an ideal university for students who want to pursue MIM in USA. The Columbia Business School provides these courses to prepare students for the management-driven industry. Completing the MIM degree in USA from Columbia University prepares students in different aspects such as strategic management, human resources, etc.

University Type

Private

Program Offered

MS in Management Science & Engineering

Average Tuition Fees Per Year

 USD 77,376 / INR 61.5 Lakhs

6. University of Southern California

University of Southern California is another popular name on the list of MIM universities in USA. The MIM program offered by the Marshal School of Business in this university is a full-time pre-experience program for a duration of 1 year. The curriculum provides a balance between management technology, business strategy, and advanced statistics to help students gain knowledge about a broad range of concepts.

University Type

Private

Program Offered

MS in Management

Average Tuition Fees Per Year

 USD 69,036 / INR 55.2 Lakhs

7. California State University

California State University is known as one of the best research universities in USA offering the most beneficial MIM programs to international students. With this program, students can boost their undergraduate education with business expertise, management acumen, and professional knowledge. MIM students can get an interdisciplinary skill set as well as an international business perspective from this program. 

University Type

Public

Programs Offered

Masters in Healthcare Management

Masters in Engineering Management

Average Tuition Fees Per Year

Healthcare Management: USD 33,156/ INR 26.5 Lakhs

Engineering Management: USD 24,194 / INR 19.34 Lakhs

8. University of Michigan

The Ross School of Business at the University of Michigan is one of the leading institutions providing business programs and management courses for students. The top-ranked MIM programs incorporate action-based learning to teach students about the ever-changing business scenario. Students can gain an overall perspective of the business industry and management sector from the programs offered here.

University Type

Public

Programs Offered

Master of Accounting

Master of Supply Chain Management

Average Tuition Fees Per Year

 Accounting: USD 52,853/ INR 42.26 Lakhs

Supply Chain Management: 48,734/ INR 38.97 Lakhs

9. Carnegie Mellon University

The Tepper School of Business at Carnegie Mellon University offers a MIM program in Product Management for international students. The program duration is for 1 year and the curriculum is STEM-designated. With this particular course, students will gain valuable insights into the product management sector which can be of help in their professional career.

University Type

Private

Program Offered

Master in Product Management

Average Tuition Fees Per Year

 USD 47,000 / INR 37.58 Lakhs

10. Northeastern University

The dynamics curriculum provided by the D’Amore McKim School of Business at Northeastern University is a program for international students. They can get trained on different aspects of commerce such as finance, accounting, business management, economics, and much more. The MIM programs prepare the students for a successful future in the business field.

University Type

Private

Programs Offered

Masters in Finance

Masters in Accounting

Average Tuition Fees Per Year

Finance: USD 49,200 / INR 39.3 Lakhs

Accounting: USD 51,234/ INR 40.97 Lakhs

Suggested: Know About 10 Top Universities in USA for MS

Eligibility Criteria & Admission Requirements for MIM in USA

Students seeking admission into the top colleges and universities in USA for the MIM program will have to fulfil the MIM in USA requirements of these institutions. Here we are providing the general eligibility criteria for a better understanding.

  1. Bachelor’s Degree
  2. English Language Proficiency Scores
  3. GMAT/GRE
  4. US Visa/Passport
  5. Additional Requirements

So, these are some of the requirements for MIM programs in US that international students have to fulfil for getting admission. Let’s discuss it in detail:

  1. Bachelor’s Degree

For international students, it is mandatory to complete their bachelor’s degree before applying to MIM colleges and universities in USA. Students will have to score a minimum GPA of 3.0 on a scale of 4. This equates to about 83 – 86% on average.

  1. English Language Proficiency Scores

International students will also need to prove their proficiency with the English language. Hence, they need an acceptable score on the different English Language Tests such as IELTS or TOEFL. The minimum requirements are:

  1. GMAT/GRE

Most institutes for MIM USA accept standardised test scores such as GMAT or GRE scores. The minimum scores needed by institutions might vary from one university to another. However, the average score requirements are mentioned below:

  • GMAT: 700 – 770
  • GRE: 300 – 320
  1. US Visa/Passport

One of the mandatory MIM in USA requirements is that students will have to submit their visa and passport during application. You will require an F1 visa in order to pursue an academic course from the universities in USA. It is recommended that students apply for the USA student visa in advance to avoid any hassle during admission.

Suggested: MS in USA: Best Courses, Requirements, Cost, Scholarships, Jobs & More

Documents Required to Pursue MIM in USA

The following documents are essential for students to pursue a Masters in Management degree in USA.

  1. Transcripts from previously attended institutions
  2. 2 -5 Letters of Recommendation
  3. Standardised Test Scores (GMAT/GRE)
  4. English Language Proficiency Test scores
  5. Copy of passport and Visa
  6. Statement of Purpose
  7. Proof of finances
  8. Receipt of application fee payment

Suggested: Complete Guide on the Fall Intake in US

Admission Process for MIM in USA

To complete the process of admission, you will have to follow the steps mentioned below:

  1. Choose the MIM specialisation that you want to pursue and compile a list of universities that provide the specialisation.
  2. After you select the university, check the details to see if you match the eligibility criteria for the MIM program.
  3. Complete the online application and submit all the important documents such as Letters of Recommendation, academic transcripts, English language test scores, etc.
  4. Pay the application fee and submit your application.
  5. Once your application is processed by the university, you might be called for an interview with the authorities.
  6. If you clear the interview, the university will provide an admission offer letter to you.
  7. Once you receive the letter, you can book your seat at the course and pay your term fees to begin.

Suggested: How to Apply for MS in USA from India?

Cost of Studying MIM in USA

For international students who are living and studying MIM in USA, there are certain expenses and costs that they have to bear. The overall cost of pursuing the MIM degree in US can be categorised into two sections: program fees at the university and living expenses.

1. Program Fee

Depending on the choice of university and the course specialisation, the average tuition fee for studying MIM in USA would be somewhere around USD 55000 – 80000. Some top-ranked universities might have a higher program fee based on the student perks and quality of education offered there.

2. Living Expenses

Aside from the tuition fee at the university, students also have to bear other expenses. Costs related to housing, food, transportation, entertainment, study resources, etc. take up a major part of the expenses in USA. The overall monthly expenses are around USD 1000 – 1500 for international students.

Suggested: Living Expenses in USA for International Students

Scholarships for MIM in US

Universities and colleges in US provide financial assistance in the form of scholarships. These scholarships are offered to international students who are pursuing the MIM degree in USA. Universities in USA offer scholarships on the basis of the academic track records and requirements of the students. Let us talk about these scholarships.

Scholarships

Eligibility Criteria

Amount/Benefits

Fuqua Merit Scholarships

Students with prior academic achievement, leadership skills

community involvement, and professional experience

Waiver on tuition fees

Sloan School of Management Research Assistantship

Applicants must be participating in teaching activities at the Sloan School of Management

USD 33,924/year

Aga Khan Foundation Scholarship

Students from undeveloped nations showing excellent academic record and skills of leadership

50% waiver on tuition fees

Education Future International Scholarship

Students who are Indian nationals with over 60% in their 12th examinations

USD 3000 – 14000

Suggested: Scholarship for MS in USA for Indian Students

Job Opportunities After Pursuing MIM in USA

There is no limit to the career options that one can choose after an MIM degree from USA. Recruiters from top companies such as Amazon, Lockheed Martin, Allen & Hamilton, Booz, etc. are constantly on the lookout for management professionals with enough industry expertise. On average, an MIM graduate from USA earns about USD 76,000 per year. Mentioned below are some job profiles that are suited for MIM graduates.

Job Profiles

Salary Scope Per Annum (in USD)

HR Director

USD 96,000

Executive Director

USD 1,02,000

Operations Manager

USD 72,000

Project Executive

USD 78,000

HR Manager

USD 56,000

Suggested: Scope, Job Opportunities and Average Salary after MS in USA

Pursuing an MIM in USA will change your life if you are looking for a bright career in USA. With proper experience about management principles and professional expertise, students can contribute a lot into their future from an MIM degree. Seek help by choosing Yocket Premium and gain more information on MIM USA.

 

Frequently Asked Questions About MIM in USA

Is MIM in USA a good degree?

Which are the top universities offering MIM in USA?

Do US universities offer scholarships for MIM students?

Are there jobs available in the US after MIM?

How much does it cost to study MM in USA?

More Topics

Top Premium Admits

View all admits

Articles you might like

The Indian Dream To Go For Higher Studies Abroad?

Hold all the aces before you depart for your higher studies

What After SAT / ACT Exam? | Things to do for Studies Abroad

Upcoming Events

Free

Scholarships and Other Funding Strategies 2025

June 15th, 7:00 pm IST | 1hr

Free

Fireside chat with Brown uni admitted student

June 21st, 3:00 pm IST | 1hr

Free

Looking for Funding options: Scholarships, RA & TA are the way forward!

July 2nd, 5:00 pm IST | 1hr