Masters in Management in USA
Though the MiM or Masters in Management has been predominantly a European phenomenon, in the past 5-6 years a lot of schools worldwide have been including this rapidly growing degree in their portfolio.
HULT, Thunderbird, and Duke were some of the first schools to offer Masters in Management in the USA, but now over 50 schools are offering this degree under various names.
Masters in Management in the USA at a glimpse
- Duke Fuqua Master of Management Studies class consists of 43% International Students from 20+ countries. Companies recruiting from Duke Fuqua are General Motors Co, Google Inc, IBM Corporation, Microsoft Corporation, Accenture, Deloitte & Touche, Ernst & Young, Mckinsey & Company, BNP Paribas, Goldman Sachs
- Kellogg MS in Management Studies class consists of 42% International Students with 55% female students. In 2015, Kellogg has an employment rate of 100% within 3 months of graduation with an organization like Accenture, Deloitte, Dropbox, Google, IBM, Johnson & Johnson
- Michigan Ross Masters in Management class consists of 12% International students with 41% female students. An organization like Accenture, Amazon, General Mills, Deloitte, KPMG, PepsiCo, Oracle had placed students from Michigan Ross.
Hence you can see that all schools offer great post-graduation opportunities in varied fields from Consulting to Marketing.
Working after studies
If you think that you want to stay and work in the United States after completing your undergraduate degree, make sure that you know your visa requirements and restrictions. The US immigration system can be confusing for those who intend to stay on after study, if you want to continue living in America after graduation, you have to find a job with an employer who is happy to sponsor your stay. Or else after the program ends, you will have 60 days to depart the U.S.
Students who aim to enter the US for full-time, degree or academic program at a university has to apply for F1 visa. F1 is a nonimmigrant visa.
The first step to apply for F1 visa is to get SEVIS (Student Exchange Visitors Information System) generated I-20form from the university or college that the student intends to attend. Next step is to take an appointment for an interview after paying the requisite fees, followed by filling DS-160 form online, and then finally start preparing for your interview.
H-1B is meant for those coming to the United States to perform services in a pre-arranged professional job. Your employer is required to file a labor condition application with the Department of Labor concerning the terms and conditions of its contract of employment with you.
H-2B Visa is meant for those who are coming to the United States to perform a job which is temporary or seasonal in nature and for which there is a shortage of U.S. workers.
An L-1 visa is required if you are the employee of an international company which is temporarily transferring you to a parent branch, affiliate, or subsidiary of the same company in the United States.
Living in the US
The USA is well-known for the top universities such as Harvard, Massachusetts of Technology and has the biggest chunk of international students from foreign. Excluding your tuition fees, and insurance the other factor which adds up to your cost of living are accommodation, food, and necessities.
The place of stay also places a key role while you decide the living expenses in the USA. Generally, the cost of housing is economical at New York($1, 440 per month) compared to California and San Francisco($1,956 per month)
The average annual cost of living in the USA for students is US$ 18800. This includes $ 12006 for rent, $4776 for food and $2000 for other daily expenses.
The Tuition fees normally range between $44,000 to $50,000. This is excluding the cost mentioned above for the cost of living.
There are lots of factors to be considered before you apply for a scholarship in the USA.
Based on TOEFL score, Academic GPA and students nationality, specific scholarships are available but to get detailed information on it, you can approach college admissions officers and financial aid experts.
Sources of scholarship in the US are Government bodies, external organizations as well as individual US universities.
One question that readers usually ask is
Why are there next to no schools in popular the FT MiM rankings?
Even though acclaimed schools as MIT, Duke, Michigan, Northwestern, USC and Notre Dame have been offering the MiM for some time now, none of them make it to the FT rankings. Why?
The answer to the question is twofold:
- Most of these US programs are young and have been started a few years
- FT doesn’t include programs that are younger than Five years
What this means is that are still some years until you see popular US schools dotting the rankings, but DUKE is all set to make an entry next year and should surely be in the top 15.
The Salary, mobility and job placement statistics of recent graduates of MiM programs in USA shows that the schools are doing good & will surely make a name for themselves in the MiM degree landscape as well.
Some school reviews of popular Masters in Management schools in the US
MSc in Management in USA
Top Universities for Masters in Management in USA
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