Highlights:
- A Masters in International Business teaches students how to manage a business with offices in multiple regions of the world and how to conduct cross-border transactions.
- Masters in International Business in the USA top specializations include courses like International Field Study, Entrepreneurial Finance, Global Business Strategy, etc.
- GMAT or GRE score submission is mostly optional at most top universities in the USA like Arizona State University, University of Florida, etc. for a Masters in International Business.
- The average cost of living in the USA for international students would amount to 29,370 USD ( 24 lakhs INR) per annum.
- Students enrolled at the University of Florida will receive an ROI of 153%, which exceeds the ROI of the University of Chicago, Yale School of Management, etc.
- After MSc in International Business in the USA, students can apply for an H1B Visa.
Interested in securing a degree that is similar to an MBA degree and has equal worth? Then Masters in International Business in the USA will be the best choice for you. MIB is a postgraduate degree program offering courses in global marketing and business strategies. The duration of the program is 1-2 years.
Some entry requirements of top universities in USA for Masters in International Business include submission of a bachelor's degree and relevant work experience. The average annual tuition fee for an MIB in the USA can range from 40,000-90,000 USD (33 lakhs-74 lakhs INR) or more, depending on the university.
ROI for best universities for Masters in International Business in the USA is highest at the University of Florida at 153%. The reason behind its high ROI is its low tuition cost, and also because it has an affordable cost of living. The other universities that offer high ROIs are as follows:
- University of Illinois- 146%
- Northeastern University- 117%
- George Washington University- 109%
- Georgia Institute of Technology- 108%
With a Masters in International Business in the USA degree, graduates can work for top companies, such as Amazon, McKinsey & Company, Goldman Sachs, and Microsoft. There are various jobs in the USA in roles like Management Consultant, Marketing Manager, Financial Analyst, and Business Development Manager available to MIB students. The average annual salary of these jobs ranges from 70,000 USD to 150,000 USD (58 lakhs-1.23 crore INR).
Table of Content
Top Universities in USA for Masters in International Business
Masters in International Business at top universities in the USAhave fixed deadlines for students to apply. The tuition fee range varies, as per choice of university. The top universities, along with the application deadlines and tuition fees for MS in International Business in USA are given below:
| University | Program | Deadlines | Total Tuition Fees (USD) |
|---|---|---|---|
| University of Chicago | MBA- International Business | January 4, 2024 | 80,961 |
| Georgia Institute of Technology | Executive MBA - Global Business | March 15, 2024 | 65,646 |
| University of Texas | MBA - Global Business | March 26, 2024 | 58,720 |
| University of Illinois | Master of Accounting Science- Corporate Governance and International Business | March 1, 2024 | 41,080 |
| Yale School of Management | Master’s in Global Business & Society | February 21, 2024 | 82,200 |
| Georgetown University | MA in International Business and Policy | October 10, 2023 (closed) | 81,000 |
| Northeastern University | MS in International Management | March 21, 2024 | 57,915 |
| George Washington University | MS in International Business | November 1, 2023 | 64,845 |
| University of Florida | Master of International Business | Spring (January)- July 15 Fall (late August)-Jan 15 |
37,663 |
| Arizona State University | MGM Global Management | August start- June 30, 2024 January start- November 30, 2024 |
70,000 |
MIB in USA Specializations
MSc in International Business in the USA offers students specialization in subjects that ensure they get a good understanding of the business requirements of a global community. Some of the core subjects included in Masters in International Business in USA are:
- International financial management
- International field study
- International marketing
- Entrepreneurial Finance
- Global business strategy
- Financial reporting and managerial making
- Global chain strategy
Masters in International Business in USA Requirements
Admission to the Masters in International Business course requires applicants to have a bachelor's degree in a related field. Another important requirement is a minimum overall aggregate of 83-86% in their last degree. GMAT/GRE is mandatory in a few colleges, but it is optional in most. All other MSc international business in USA admission requirements from eligibility criteria to ELP Score are mentioned below.
Masters in International Business in USA Eligibility Criteria
Some top universities accept applications for Masters in International Business in the USA without GMAT. To apply for MSc International Business in the USA program, applicants have to fill out the application forms and submit the necessary requirements as listed below.
- Academic Degree- Bachelor's Degree/Master’s Degree
- Minimum GPA – 3.0
- GRE or GMAT Scores (optional)
- English Proficiency Test Score – TOEFL iBT- 100+ and IELTS- 7.0
- Statement of Purpose
- Letters of Recommendation
- Experience- 3-5 years
- Valid Passport
- USA Student Visa application form
Masters in International Business in USA Document Requirements
Most top universities in the USA for Masters in International Business require students to have a GPA over 3.0, and submission of their UG degree. The specific requirements of each university for admission to Masters in International Business in the USA are mentioned below.
| University | Academic Requirement | Additional Documents |
|---|---|---|
| University of Chicago | Undergraduate degree from an accredited US college or university or equivalent. | Letters of recommendation | Resume | Professional recognition or certifications |
| Georgia Institute of Technology | Four-year bachelor's degree from an accredited institution | minimum of five years of full-time working experience | Letters of recommendation | Essay | Resume |
| University of Texas | A bachelor's degree from USA accredited university or equivalent | Resume | Essays | Letter of recommendation |
| University of Illinois | A major in accounting or agricultural accounting · GPA 3.0 | SOP | References | Resume |
| Yale school of Management | Undergraduate degree | LOR | Résumé | Essays | Video questions |
| Georgetown University | A bachelor’s degree from an accredited college or university in US or equivalent · Minimum three years of work experience after graduation | CV or Resume | Essay | One reference |
| Northeastern University | Bachelor's degree · More than 1 year of work experience | Personal statements | 1-3 LOR | Resume |
| George Washington University | Bachelor’s degree | Resume | LOR | SOP |
| University of Florida | Bachelor’s degree 3.5 GPA | C.V |Statement of Purpose Essay | Two Letters of Recommendation | Transcripts |
| Arizona State University | GPA of 3.00 (scale is 4.00 = "A") A bachelor's or master's degree from a regionally accredited institution | Official transcripts | Resume | Essay response to an application question | One professional or academic reference |
Masters in International Business in USA ELP Score Requirements
Masters in International Business in the US requires applicants to have a good grasp of English. Below are all the university-specific ELP score requirements for the program:
| University | ELP Score Range |
|---|---|
| University of Chicago | IELTS- 7.0 TOEFL- 90 |
| Georgia Institute of Technology | IELTS- 7.0 TOEFL- 90 |
| University of Texas | IELTS- 6.0 TOEFL- 80 |
| University of Illinois | IELTS- 6.5 TOEFL- 92 |
| Yale School of Management | IELTS- 7.0 TOEFL-100 |
| Georgetown University | IELTS- 7.0 TOEFL-100 |
| Northeastern University | IELTS- 7 TOEFL- 79 |
| George Washington University | IELTS- 6.5 TOEFL- 90 PTE- 61 Duolingo-115 |
| University of Florida | TOEFL- 80 IELTS- 6.0 |
| Arizona State University | TOEFL- 100 IELTS- 7.0 PTE- 73 Duolingo-120 |
Cost of Living in USA
On average, the annual cost of living in USA for an international student is estimated to be 2,448 USD (2 lakhs INR). The following table demonstrates the average monthly expense to be expected by an international student pursuing Masters in International Business in USA:
Masters in International Business in USA Scholarships
Numerous scholarships for a Masters in International Business in the USA are offered by the government and top universities to international students. It is offered to those who are in need of financial assistance to pursue the course. Students with exceptional merit are also provided scholarships. Students can apply for these scholarships through the university website. Following is a list of some of the popular scholarships in USA for international students:
| Scholarships | Eligibility | Award Details |
|---|---|---|
| Rotary International Ambassadorial Scholarships | Citizen of a country with Rotary clubs | 2 years of college course work or equivalent | Up to 25,000 USD |
| Fulbright Scholarships for Indians | Indian citizen | Academic excellence | English proficiency | Monthly stipend, Tuition, and cost of attendance coverage |
| Inlaks Scholarship | Indian citizen | Minimum 65-75% marks | 100,000 USD |
| AAUW International Fellowship | Non-US-based women pursuing master’s and doctoral programs in the USA | 20,000-50,000 USD |
| JN Tata Endowment Fund (loan) | Indian citizens | Bachelor’s degree | Minimum 60% marks | 1,00,000-10,00,000 INR |
| SelfScore International Student Scholarship | Minimum GPA of 3.0 on a 4.0 scale in prior studies, must score in the top 15% in SAT/ACT | 5,000 USD |
| Global Student Scholarship | Enrolled full-time in an American university/college Submission of 3 essay questions | 1,000 USD |
| TEC Scholarship | Enrolled full-time in an American university/college Submission of essay questions | 1,000 USD |
Masters in International Business in USA Job Outcomes
After a degree in MIB, applicants have a broad range of opportunities in multinational corporations, international trade organizations, global financial institutions, and non-profit organizations. Some of the most preferred job roles and professions after MIB in USA are as follows:
Work Visa Permit in USA
International students and applicants with a valid MIB degree have several visa options in the USA. Some of the common types of U.S. work visas are as follows:
- Temporary Non-Immigrant Visa- These employment visas are for people looking to work in the United States for a fixed period of time. Some examples of Temporary Non-Immigrant Visas are:
- H-1B
- I Visas
- L Visas
- O Visas
- Permanent (Immigrant) Workers Visa- Those with the right job skills can apply for the roughly 140,000 employment-based green cards available each year.
- Student and Exchange Visitors Visa- These visas cover three types of students: academic students, vocational students, and those enrolled in educational or cultural exchange programs. Some examples of Student and Exchange Visitors Visa are as follows:
- F Visas
- M Visas
- J Visas
What The Students Say: Likes and Dislikes
Likes:
- Companies set up tables at career fairs to provide information to students regarding employment chances.
- The admissions office is always ready to help students with their admission process, problems with course selection, and scholarship application.
- Co-Op offered by the university places 80% of the students in internships, and most of the pay per internship is very good.
- You can reach out to the professors through email and LinkedIn to secure an RA position.
- Professors have industry connections, helping students build a network that extends their employment opportunities.
Dislikes:
- Lots of Indian students and international students apply for on-campus jobs and there are very few on-campus jobs available.
- Less number of scholarships for students, and most scholarships are merit-based.
- The recent increase in admissions has led to a larger, more competitive crowd, impacting the overall experience.
- Many students want more diverse course options and specializations, as some classes focus on outdated technology.
The ROI for MIB in the USA is huge, as the salary range is quite high for MIB graduates. MS in International Business in the USA provides a solid foundation for a successful and rewarding career. All details related to the course including cost of living and visa requirements are tabulated and highlighted in the article.
FAQs
Ques: Is a Masters in International Business worth it?
Ans: MSc International Business and MSc Management are excellent courses for students interested in working in the business world. The courses provide students with knowledge and skills that will help them excel in their desired career paths.
Ques: Which country is best for International Business masters?
Ans: With no confusion in mind one can say that the USA has a large number of top-ranked business schools and provides many opportunities for networking and career advancement. Canada, Germany, the UK, Switzerland, France, and Australia are a few additional locations that are commonly touted as top choices for an MIB degree.
Ques: What is the value of a Master's In International Business?
Ans: Among the primary advantages of obtaining a master's degree in International Business is the access it provides to a world of job opportunities with no boundaries. Multinational corporations are constantly looking for professionals with a global perspective and specific skills to meet the challenges of international markets.
Ques: Which is better MBA or MIB?
Ans: MIB degree is more academic in nature than the professional MBA degree. Though a lot of business schools have designed a curriculum that incorporates practical training as a part of the MIB training, it is not as integral as in MBA. So, if you are interested in more practical knowledge then MBA is your choice of degree.
Ques: How expensive is a Master’s degree in the USA?
Ans: Any master's degree course in the USA will be expensive for international students. The average cost of a master's degree for Indian Students in the US is between 30,000 USD and 120,000 USD (INR 24 -96 lakhs). This cost might vary from institution to institution and on the specialization opted.
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