| Updated On - Jul 23, 2024
What's New?
- Cost of Study: Masters in Management in USA has tuition fees ranging from INR 35 lakh - 40 lakh.
- Shorter Duration: The program usually lasts 1 - 1.5 years, which is shorter than MBA.
- Placements: Consulting firms like Deloitte hire Indian students in MIM for job roles like management consultant, financial analyst, etc.
Masters in Management in the USA is a one-year to 18-month course that focuses on theoretical concepts of business management. Basically a compact version of an MBA, the course is aimed at freshers with 0-2 years of work experience. It is a shorter and more cost-effective program than a typical MBA.
Most MIM courses in the USA do not require GMAT. The eligibility criteria for masters in management in USA are:
- Minimum GPA of 3.0 out of 4.0 (85% aggregate) in Bachelor’s in any discipline
- IELTS: 6.5 or above
- GMAT (if applicable): 600+
The tuition fee range for MIM in the USA is INR 35 lakh - 47 lakh. Indian students have found placements at consulting firms like Deloitte and PWC in entry-level management roles, or undertaken further research in academia. Masters in Management graduates earn an average annual salary of USD 71,000 (INR 59 lakh). As per Purchasing Power Parity (PPP), this salary is equivalent to earning INR 16 lakh per annum in India.
Top Universities for Masters in Management in USA
A list of top-ranking universities offering MIM degree in USA, according to QS News Ranking 2025:
| QS Ranking 2025 | University | Program | Admission Deadline 2024 | Annual Fee |
|---|---|---|---|---|
| #1 | MIT Sloan School of Management | MS in Management Studies | December 15, 2024 | 84,200 USD (INR 70,12,361.24) |
| #6 | Stanford School of Business | MS in Management Science and Engineering | December 12, 2024 | 54,240 USD (INR 45,17,226.53) |
| #23 | Yale School of Management | Master of Advanced Management | January 8, 2025 | 82,200 USD (INR 68,45,796.84) |
| #34 | Columbia Business School | MS in Management Science and Engineering | February 15, 2025 | 85,032 USD (INR 70,81,652.03) |
| #44 | Ross School of Business | Master of Management | September 9, 2024 | 58,615 USD (INR 48,81,586.15) |
| #50 | Kellogg School of Management | MS in Management Studies | September 11, 2024 | 64,842 USD (INR 54,00,184.41) |
| #43 | Stern School of Business | MS in Management and Systems | January 6, 2025 | 101,932 USD (INR 84,89,121.21) |
| #42 | Anderson School of Management | MS in Management | October 1, 2024 | 33,238 USD (INR 27,68,133.76) |
| #61 | Fuqua School of Business | Master of Management Studies | October 1, 2024 | 62,200 USD (INR 51,80,152.84) |
| #108 | Questrom School of Business | MS in Management Studies | January 10, 2025 | 63,798 USD (INR 53,13,237.80) |
Why Study Masters in Management in USA
.Some of the reasons to pursue Masters in Management in USA include:
- Statistically, a master’s degree can earn you more promotions in the long term as compared to a bachelor’s. Masters in Management is no exception—it adds credibility to your career profile.
- It provides Indian students networking opportunities with industry professionals, and building and strengthening a great network can open up a myriad of opportunities.
- Some of the world’s best B-schools are in the US, including MIT (QS 2025 #1), Stanford (QS 2025 #6), and Yale (QS 2025 #23). In case your prior institutes in India weren’t as prestigious, the masters gives you a chance to add “brand value” to your resume.
- The highest annual salary for management occupations is 107,360 USD (89 lakhs INR). This is the highest pay grade among all major occupational groups in the USA.
However, there are some concerns you should be aware of before you decide to invest in the course:
- Masters in Management has a lower recognition when compared to MBA, and lacks the same global and mainstream presence, which can impact placement.
- The recruiters might not favor the lack of real-world experience, even though the syllabus for MBA and MIM overlap. You will not be offered mid-level management roles right after MIM.
Some of this can be countered with opting for internships to gain practical knowledge, actively participating in networking events, and developing a broad set of business and management skills.
Masters in Management in USA: Admissions
Students from any discipline can apply for a MiM in the USA, provided they have an undergrad degree with 80-85%. English language proficiency is an important factor in the eligibility criteria for MiM in the US. The requirements for admission to the Masters in Management in USA course are:
| Parameter | Minimum Score Required |
|---|---|
| Academic Requirements | 3.0 GPA (85%) in any Bachelor’s degree |
| English Language Proficiency | IELTS: 6.5-7.0 | TOEFL: 90-100 |
| Documents Required | SOP | 2-3 LORs | CV | Academic Transcripts | Visa and Passport |
US Student Visa Application
To pursue MS in Biotechnology in the USA, you will need a F1 visa in the USA. You can apply for the visa 120 days before you are scheduled to start your program. India had a US visa acceptance rate of 64% in 2023.
Cost of Studying Masters in Management in USA
The tuition fees for masters in management in the USA in the top universities range between INR 35 lakh - 47 lakh. The average cost of living in the USA for Indian students varies between 10,000 to 25,000 USD per year, depending on location and lifestyle.
| Cities | Annual Cost without rent (USD) |
|---|---|
| New York | 20,352 |
| Los Angeles | 16,368 |
| Chicago | 15,564 |
| Washington DC | 16,212 |
| Baltimore | 14,472 |
| Cleveland | 14,208 |
Masters in Management in USA Placements
The average salary earned by a graduate with a degree in Master of Management in the USA is 71,000 USD (59 lakhs INR) per annum. With this salary, you’ll have the same purchasing power as earning 16 LPA in India. Some common job roles after MIM in USA are:
| Profession | Average Salary Range (USD) |
|---|---|
| Management Consultant | 65,000 - 82,000 |
| Financial Analyst | 60,000 - 70,000 |
| Operations Manager | 60,000 - 65,000 |
| Marketing Manager | 60,000 - 75,000 |
| Business Development Manager | 50,000 - 66,000 |
| Human Resources Manager | 58,000 - 74,000 |
MIM vs MBA: A Comparison
Owing to the fact that MIM and MBA cover similar concepts, it is important to know the distinctions between the two.
| Parameter | Master in Management | MBA |
|---|---|---|
| Course Duration | 1 - 1.5 years | 2 years |
| Eligibility | Average GPA- 3.0 | IELTS: 6.5 to 7.0 | TOEFL (iBT): 80 to 100 | Average GPA- 3.4 | TOEFL iBT Score- 90 |
| Work Experience | Not required | 5 years |
| Average Tuition Fee | 41,000 - 56, 000 (INR 35 - 47 lakh) | 73,650 USD (INR 61 lakh) |
| Starting Salary | 70,000 USD (INR 59 lakh) | 86,300 USD (INR 72 lakh) |
MiM can help you transition from a non-business background to roles in management, consulting, finance, marketing, or other business-related fields early in your career.
FAQs
Ques: Can I get a scholarship for masters in management in USA?
Ans. There are some scholarships like J N Tata Endowment, Fulbright, and AAUW available for Indian students. These are highly competitive, but not impossible to get. You can also check university websites for scholarships, and call up their admissions office for further information.
Ques: Is MIM better than MBA?
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