Explore Courses

Master’s in Business Management in the USA

According to BLS, by 2024, around 1,38,000 new opportunities will be available for business management graduates in the USA. This is expected to be a 23% rise compared to current demands. There is no wonder why international students love to pursue a Master’s in Business Management in the USA.

Leadership roles are something more special and emotionally connected with one’s soul. Reputed universities and business schools in the USA teach global leadership skills to their business graduates. Keep reading if you wish to know about the lesser-known surprising facts on Master’s in Business Management in the USA.

Why study Master’s in Business Management in the USA?

Top of the list 

According to the QS and FT rankings, about 50 business schools in the USA are ranked internationally. In addition, 51 courses from US business schools are ranked among the top programs worldwide in the Financial Times Global Master’s in Business Management rating.

Outstanding work opportunities

The headquarters of about 500 international firms are located close to the USA. The average annual wages for MBM grads are roughly 116,000 USD. You, therefore, have a fantastic chance of being hired by the best international recruiters. 

Financial aid of all kinds

Who doesn’t appreciate scholarships? For international students, 348 universities provide a variety of scholarships.

Experience in the industry

You have access to various training programs, internships, hands-on learning experiences, and opportunities to network with international leaders who will help you fulfill market expectations.

Course Highlight

Colleges

500+ colleges

Admission

Average GPA- 3.4
TOEFL iBT Score- 70
Average 5 years of Work Experience

MBM Specialization

MBM in General Management | MBM in Marketing | MBM in Human Resource Management | MBM in Finance

Average Tuition Fees

$33,300-93,600

Average Salary

$117,559

Types of Masters in Master’s in Business Management in the USA

Universities in the USA provide a wide range of business graduate programs that are thorough and flexible. Universities in the USA offer the following kind of Master’s degrees in business management:

  • Full-Time Program: Available at Stanford, Harvard, UPenn, Chicago-Booth, MIT
  • Executive Program: Available at UPenn Wharton, MIT, Yale, Northwestern
  • Part-Time Program: Available at MIT, Harvard, Stanford, and Columbia University
  • Online Program: Available at Indiana University, University of North Carolina, University of Florida

Best Universities for Master’s in Business Management in the USA

University

Program Offered & Duration

Admission Deadlines

Tuition Fee (USD)

Massachusetts Institute of Technology

MS in Management Studies; 9 months

February 15, 2023

80,400

Stanford University

MS in Management Science and Engineering; 1.5 years

December 13, 2022 (applications closed)

52,160

Yale University

Master of Advanced Management; 1 year

February 22, 2023

79,000

Columbia University 

MS in Management Science and Engineering; 1 year

February 15, 2023

85,032

University of Michigan, Ann Arbor 

Master of Management; 10 months

February 17, 2023

54,985

Northwestern University 

MS in Management Studies; 10 months

February 20, 2023

62,349

New York University (NYU:

MS in Management and Systems; 1.7 years

February 1, 2023

93,534

The University of California, Los Angeles (UCLA)

MS in Management; 1.3 years

January 7, 2023 (applications closed)

33,238

Duke University

Master of Management Studies; 10 months

January 18, 2023

59,300

Boston University

MS in Management Studies; 9 months

April 5, 2023

61,050

Course Curriculum of Master’s in Business Management in the USA

The specialization you choose to pursue may also influence your decision on a Master’s program. The above-mentioned US colleges took the top spots for the various course specializations offered, according to the QS MBM by Specialization Rankings. 

Eligibility Criteria for Master’s in Business Management in the USA

The eligibility requirements for MBM programs in the USA involve assessing applicants based on several criteria. 

16 years of education must be completed, which entails completing a four-year bachelor’s program or having a 10+2+4 education.

Scores from standardized exams: A high GMAT score is a prerequisite for admission to most business schools in the USA. Some universities might accept GRE equivalents.

Language Proficiency Scores: International applicants must provide their IELTS or TOEFL results as proof of their English language proficiency.

Work Experience: Applicants must typically have three years of work experience to study MBM in the United States. However, this varies depending on the sort of MBM program taken and from university to university.

Admission Requirements for Master’s in Business Management in the USA

Documents Needed for Master’s in Business Management in the USA

International students who wish to study abroad must submit a few additional documents. The following is a list of some of these:

  • Academic Transcript
  • GMAT/GRE scores
  • Letters of Recommendation
  • Resume
  • Cover Letter
  • Statement of Purpose

American Student Visa

The F-1 Student Visa is typically given to non-immigrants who want to pursue advanced research or higher education in the US. The I-20 form from the university where they are enrolled is also required. While studying in the USA, accepted students can work part-time jobs but not full-time occupations. On-campus employment is limited to 20 hours per week.

Admission Process for Master’s in Business Management in the USA

By taking the steps listed below, you can finish your application for a master’s degree in business management in the US:

  • Decide on the Master’s in Business Management degree you wish to take, then search for the best university that offers it.
  • Visit the university’s official website and gather all information on eligibility and the admissions procedure.
  • Upload scanned copies of all the necessary paperwork (transcripts, a resume, IELTS or TOEFL results, GMAT or GRE scores).
  • Complete the appropriate application form and submit payment.
  • Interview the corresponding university directors in-depth. This is a fantastic chance to show off your soft skills and mental clarity.
  • After passing your interview and receiving the conditional offer letter, you may reserve your seat at the specific university.
  • By accepting the university’s terms and conditions, you can pay your deposit. However, this deposit is not transferable.

Cost of Studying for Master’s in Business Management in the USA

Pre-Departure Expenses

One of the most crucial considerations is getting ready to study Master’s in Business Management in the United States. Therefore, several expenses must be considered before obtaining the offer letters and arriving in the USA. For example, it might cover the cost of an application, an English proficiency test, a visa, airplane tickets, etc.

Component

Cost (USD)

Application cost

504

IELTS

250

TOEFL

200

GRE

190

SEVIS

180 – 200

Average Tuition Fees for Master’s in Business Management in the USA

The cost of a Master’s in Business Management in the USA program is often determined by the university’s reputation, the value of its specializations, and its quality of teaching. In addition, people interested in management classes may already have a business or desire to advance their abilities, knowledge, and potential. In the USA, there are numerous scholarships available to lower the costs.

Cost of living in the USA

You are not the only one seeking a cheap place to live in the USA. Many people, including foreign students, entrepreneurs, and everyday citizens, wish to live legally in the United States either temporarily or permanently each year. You may take advantage of the most exciting locations and cities with the right preparation, research, and financial possibilities.

The table below is for international students who want to live a happy life while studying.

Major elements 

Average Expenses per Month (USD)

Food

150 - 200

Accommodation 

1200

Transportation

150 - 300

Personal expenses 

300 - 600

Health insurance 

500 - 750

Scholarship for Master’s in Business Management in the USA

Some of the Master’s in Business Management scholarships in the USA for foreign students are listed below.

Scholarship Name 

About/ Awarded to

Social Impact Scholarship

Meritorious financially backward students at Boston University Questrom School of Business who seek to use core business management skills to address society’s most challenging humanitarian and social problems.



 

Amount/ Benefit: $10,000 to full tuition fees

J. N. Tata Endowment Awards 

One-time loan scholarship to Indians studying in the US is offered at the beginning of an academic year for full-time postgraduate /Ph.D./ postdoctoral/ research fellowships studies in all fields. 

Amount/Benefit: $1,300 - $13,150

Wharton Academic Excellence Scholarship 

Domestic and international students who achieve the highest academic performance (GPA)  during their second and third semesters of the MBM program at Wharton Business School.



 

Amount/Benefit: $10,000

Dr. Bruce I. Jacobs Scholars in Quantitative Finance

Second-year MBM students with high GPA majoring in Quantitative Finance at Wharton Business School. They must complete 9 credits in the first year of their MBM. 



 

Amount/ Benefit: $25,000

The International Peace Scholarship

Female international students who want to study any course, including MBM, at UCLA Anderson School of Management. It is a merit-based scholarship.



 

Amount/ Benefit: $10,000

Dean’s Scholarship 

Candidates with outstanding professional, academic, and personal qualities pursuing an MBM from Boston University Questrom School of Business. Both domestic and international candidates will be considered for this scholarship.



 

Amount/ Benefit: $10,000 to full tuition fees

Job Scope for Master’s in Business Management in the USA

The best colleges prepare international students for the future global market by providing top-notch courses. Leading employers like Amazon and Google are openly accepting graduates for well-paying employment. The average annual salary for management graduates is expected to be around 115,000 USD as of 2021. Students from a variety of industries, such as finance, business, analytics, marketing, consulting, etc., are hired by recruiters. Currently, 95% of MBM graduates are employed. However, knowing the ideal employment function enables students to prepare appropriately.

S. No

Job Designation

Average Annual Salary(USD)

1

Business development director 

105,000

2

Project Manager

76,420

3

Operation Manager

62,461

4

Finance Manager

92,093

5

Financial Analyst

62,734

6

Accounting Manager

72,412

7

Data analyst

60,859

8

Product Manager

95,924

9

HR Manager

66,325

10

HR Director

90,542

...Read more
  • Level of study
  • Streams
  • Countries
  • Fees
  • Exams Accepted
  • Course Duration
  • Masters
  • Clear All
17 results found

MSc Business Management

GISMA University of Applied Sciences, Germany

  • DURATION
    Online:7 months
    On-campus:8 months
  • FEES
    Online: INR 4,00,000
    On-campus: EUR 11,575

Business Management, M.S.

SUNY Buffalo State College, USA

SUNY Buffalo State College in USA offers the highly sought-after Business Management, M.S., an advanced Masters program specialising in Business Management. This comprehesive course provides students with a strong foundation in the fundamental principles of Business Management and empowers them with advanced practical skills. The curriculum covers a broad spectrum of topics, ensuring students develop a deep understanding of the subject matter. Through hands-on projects and real-world applications, students gain invaluable experience and the necessary expertise to excel in Business Management. Graduates of Business Management, M.S. are in high demand in USA, as the program equips them with the proficiency to pursue diverse Business Development Manager, Operations Manager, Human Resources Manager, Marketing Manager, Financial Manager roles. By enrolling in Business Management, M.S. at SUNY Buffalo State College, students open doors to exciting career opportunities in the thriving Business Management industry. ...Read more
  • DURATION
    1 year
  • FEES
    -
  • EXAMS
    -
  • INTAKE SESSION
    -

Chemical Engineering BS/Business Management MBA

University at Buffalo, USA

The Chemical Engineering BS/Business Management MBA offered by University at Buffalo is an advanced Masters course designed for students aspiring to become professionals n Chemical Engineering. This course provides a comprehensive overview of the field. Students will gain hands-on experience through practical exercises and real-world projects, allowing them to apply the concepts learned in class. The curriculum is carefully designed to ensure that students develop a strong foundation in Chemical Engineering and acquire the skills needed to solve complex problems in the industry. Upon completion of this course, students will be well-prepared to tackle the challenges of Chemical Engineering and pursue rewarding career opportunities in roles like Process Engineer, Chemical Plant Manager, Environmental Engineer, Petrochemical Engineer, Pharmaceutical Process Engineer. ...Read more
  • DURATION
    5 years
  • FEES
    INR 17.54L/yr
  • EXAMS
    -
  • INTAKE SESSION
    -

School Business Management

Northern Illinois University, USA

Northern Illinois University offers the School Business Management, a comprehensive Masters course designed to equip students with the essential knowledge and skills in Bsiness Management. The course combines theoretical foundations with practical applications, enabling students to solve real-world challenges in Business Management. With access to cutting-edge resources and mentorship from industry professionals, students will gain invaluable experience and emerge ready to excel in Business Management careers in jobs such as Business Development Manager, Operations Manager, Human Resources Manager, Marketing Manager, Financial Manager. ...Read more
  • DURATION
    2 years
  • FEES
    INR 15.11L/yr
  • EXAMS
    -
  • INTAKE SESSION
    -

MSc International Business Management

GISMA University of Applied Sciences, Germany

  • DURATION
    Online:7 months
    On-campus:8 months
  • FEES
    Online: INR 4,00,000
    On-campus: EUR 8,333

Master of Business Administration (Business management)

Temple University, USA

Temple University in USA offers the highly sought-after Master of Business Administration (Business management), an advanced Masters program specialising in Business Manaement. This comprehensive course provides students with a strong foundation in the fundamental principles of Business Management and empowers them with advanced practical skills. The curriculum covers a broad spectrum of topics, ensuring students develop a deep understanding of the subject matter. Through hands-on projects and real-world applications, students gain invaluable experience and the necessary expertise to excel in Business Management. Graduates of Master of Business Administration (Business management) are in high demand in USA, as the program equips them with the proficiency to pursue diverse Business Development Manager, Operations Manager, Human Resources Manager, Marketing Manager, Financial Manager roles. By enrolling in Master of Business Administration (Business management) at Temple University, students open doors to exciting career opportunities in the thriving Business Management industry. ...Read more
  • DURATION
    2 years
  • FEES
    -
  • EXAMS
    -
  • INTAKE SESSION
    -

TRENDING SEARCHES

Universities

Also Check

Rapidly Growing

Editor's Pick

Top Paying

Disclaimer

All information provided on this page is for general use and upGrad Abroad is not responsible for any errors or omissions. Any action taken upon the information found on this website is strictly at your own risk.