collageMasters in International Business in USA is a fulltime nine months – two years course offered as MS, MBA, and Masters in Management. Offered at around 20 top universities of the USA, the cost of pursuing a MIB degree from the USA ranges between 18,000 to 80,000 USD (~13 Lakhs to 59 Lakhs). The average placement package offered to graduates of these courses ranges from 60,000 – 179,000 USD (~44 LPA to 1.3 Cr).
A graduate with a MIB degree from USA can work as an investor relations specialist, marketing manager, global research director, diplomatic security specialist, foreign service officer, etc at firms like Bain & Co., BCG, Apple, Amazon, McKinsey, and others. Big fours (EY, KPMG, Deloitte, PwC) are also among the list to top recruiters hiring graduates with a masters in international business degree in USA.
The course came into existence in the year 1946 and is related to the study of Global Business Environment and Management Competencies. International students who wish to pursue masters in international business in USA must have completed their bachelor’s in a relevant field and must have work experience, and submit GMAT/GRE, IELTS & TOEFL scores for getting admissions.
Why Study Masters in International Business in USA?
- As per QS Rankings, USA houses at least 150 Universities, which ranks among the top 400 globally in business management studies. The Yale University & Thunderbird School of Global Management ranks 19 and 49 globally for Masters in International Business Management programs.
- The USA is the birthplace of the course. The concept started in 1946 in the American Institute of Foreign Trade, now called Thunderbird School of Management.
- Most Masters in International Business in USA degrees have accreditation of The Association to Advance Collegiate Schools of Business (AACSB).
- As per BLS.USA, reporting jobs for international business degrees will increase by 19% by 2026.
- As per Statista reports, the USA is a popular study destination for many international students, especially from Asia & South-Asia. Over 202,000 Indian students are reported to be pursuing higher education in USA.
- About employability, Yale University ranks 13th world-wide.
- 50 USA universities rank among the top 200 in the category of graduate employability rankings
- The placement package offered at some of the top universities in the USA are depicted in the image below
Masters in International Business in USA: Top Universities
If you are looking for the best courses in Masters in International Business in the USA, listed below are the ones to look out for. The table also mentions the course offered, university rank, and fees of the program.
| Global Ranks | Universities | Course Name & Duration | Course Fees (USD) |
|---|---|---|---|
| 19 | Yale University | Master of Management Studies in Global Business & Society Duration – 9 months | 76,980 |
| 20 | New York University | Master of Business Administration – Global MBA Duration – 2 years | 78,441 |
| 22 | University of Chicago | Master of Business Administration – International Business Duration – 2years | 72,000 |
| 49 | Thunderbird School of Global Management (Arizona State University) | Master in Global Management Duration – 2 years | 70,000 |
| 101-110 | Northeastern University (D’ Amore-McKim) | Master of Science in International Business Duration – 1 year | 48,000 |
| 101-150 | University of Florida | Master of International Business Duration – 1 year | 36,000 |
| 151-200 | University of South Carolina Darla Moore School | Master of International Business, Duration – 9 months Master of International Business + A Master’s Degree, Duration – 1 year 10 months | 18,360; 36,720 |
| 151-200 | George Washington University | Master of Science in International Business Duration – 1 year Also available in Bachelor’s + MSIB mode for 4+1=5 years. | Not Declared |
| 151-200 | Georgetown University | Master of Arts in International Business & Policy Duration – 1 year | 78,870 |
| 210-250 | Florida International University | Masters in International Business Duration- 1 year | 36,600 |
| 491 | University of Delaware | Master of Science in International Business Duration – 9 months | 33,340 |
| Hult International Business School | Master in International Business Duration – 11 months | 47,500 – Boston 49,500 – San Francisco |
International students must note that apart from these degrees, there are other programs available for MIB aspirants in the USA. Some of these include Wharton School (UPenn)- MBA with an MA in international studies, short-term graduate diplomas, and certificates.
What is Masters in International Business About?
Masters in International Business is a 1-2 years professional course to train management professionals on capabilities and resources in a global economy. If you want to pursue a career aligned with the Global Business situation, this course is suitable. The course is available as:
- Master of International Business (MIB)
- Master of Science in International Business.
- Master in Global Management.
- Master of Management Studies in Global Business & Society.
- Master of Business Administration in International Business.
Course Curriculum Overview: Foundations on Business Knowledge and Technical Skills, Doing Business from a Global Perspective, and Challenges in International Business.
MIB in USA: Course Highlight
| Course Names | MIB, MS International Business, Master of Management Studies in Global Business & Society |
| Course Type | Full-Time |
| Course Duration | 9 months – 2 years |
| Is it possible to study P.h.D.? | Yes |
| General Entry Requirements | Bachelor’s Degree; GMAT/GRE score IELTS and TOEFL score; Work Experience preferred |
| Average Placement Package | USD 60,000 – 179,000 |
| Are scholarships available? | Yes |
| Job Roles | Management Analyst, Management Consultant, Sales Manager, Finance Controller, Business Development Manager, etc |
Masters in International Business in USA: How to Apply?
To apply, you will require good scores in your Bachelor’s Degree equivalent to the USA standards. Along with that, 3-5 years of work experience as a management professional or managerial role is preferred.
Masters in International Business in USA: Eligibility
Applications for popular universities in USA offering MIB can be made in multiple rounds. International students must keep an eye on application deadlines. The usual month of application deadlines for top universities and the minimum cut-offs required to study this course at popular colleges offering masters in international business are listed below:
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| Universities | Bachelor’s Degree | GMAT/GRE | IELTS | TOEFL |
|---|---|---|---|---|
| University of Chicago | 3.6 GPA 87-89%, B+ | GMAT – 720 GRE – 130 | 7 | Accepted |
| Yale University | 3.66 GPA 87-89%, B+ | GMAT- 720 | 7 | 100 |
| Thunderbird School of Global Management | 3.25 GPA with 5 years of experience 83-86%, B | – | Accepts score, but cut-off not specified | TOEFLiBT-100 TOEFL PBT – 600 |
| University of Florida | Bachelor’s degree equivalent to 3.25 GPA 83-86%, B | Accepts score but cut-off not declared | 6.5 | 79 |
| Northeastern University (D’ Amore-McKim) | 3.46 GPA 87-89%, B+ | GMAT – 678 | 7-8 | 99-107 |
| University of South Carolina Darla Moore School | Bachelor’s Degree | GMAT – 670 GRE – 156 | 6 | TOEFLiBT-77 TOEFL PBT – 550 |
| Hult International Business School | Bachelor’s Degree | GMAT – 610 | – | TOEFLiBT- 97 TOEFL PBT – 580 |
| Florida International University | 3.0 GPA 83-86%, B | GMAT- 500 GRE- 304 | 6.5 | TOEFL iBT- 80 TOEFL cBT- 213 |
NOTE: International students must note that USA accepts 10+2+4 years of qualification as its minimum entry-level requirement to a master’s program. It is mandatory for an international student to have a four year UG degree if they wish to study masters in international business in USA.
Documents Required
- Graduation scores are equivalent to USA GPA standards.
- The score of tests required to study in the USA.
- The official transcripts from previous colleges will be required to apply.
- You must provide a letter of recommendation from your Last Employer. 2-5 years of work experience in any management field is preferable.
- You will need a recent resume.
- Along with the above documents, you will need passport-sized photos, Passport & valid ID proof.
USA Student Visa
The process and documents required to apply for USA student visa are given below:
- You must be able to show Financial Proofs to bear the minimum cost of living.
- You will receive an I-20 form for an F1 visa from the University.
- After that, the SEVIS I-901 form requires completion. After that, you must register for the international visitor database.
- Payment for the SEVIS fee for F1 Visa needs to be made.
- Now, visit the portal to schedule an appointment for visa application
- Complete the DS-160 form online.
- Finally, take a print out of the same for the Interview.
Masters in International Business in USA: Cost of Study
The cost of studying USA will include various expense types. Since the USA is one of the most expensive student destinations for international students, applicants must be familiar with all the expenses they may suffer. Some of these have been discussed in details below:
Pre-Departure Cost
Before leaving the home country there are various expenses you will have to make to study in the USA. These include application fees, visa fees, entrance tests fees, etc. Some of these are as follows:
| Expenses | Fee (USD) |
|---|---|
| F1 & J1 Visa | 350 |
| Health Insurance | 2,000 |
| IELTS | 176 |
| TOEFL | 180 |
| GMAT | 250 |
| GRE | 205 |
Tuition Fees for Masters in International Business in USA
The tuition fees for studying MIB in USA vary drastically across universities. Given below is a comparison graph of the annual tuition fees at popular universities:
For an Indian Student, the annual tuition fees as per the current exchange rate (June 2020) range between 13 lakhs INR to 58 lakhs INR. It is, hence, suggested that if you are running on a budget, look out for scholarships available for Indian students in USA.
Cost of Living in the USA
While studying abroad, the cost of living is an additional significant factor adding to the total expense an international student will suffer. Given below are the annual costs of living in the USA which include the cost of student accommodations, transport, grocery, etc.
| Expenses | Cost (Yearly USD) |
|---|---|
| Groceries | 3,000 |
| Three times meal | 10,000 |
| Public Transport | 1,440 |
| Internet Pass | 794 |
| Gas & Electricity | 1980 |
| Dormitory | 5400 |
| Rented Apartment | 14,400 |
The overall expense of pursuing a Masters in the USA exceeds a lot more than what studies cost you in India and other contemporary international students. The USA still attracts a huge number of student populations as the graduate schools in the USA stand out in comparison to any other country.
Masters in International Business in USA with Scholarships
With a cost of study capable of burning a big hole in an international student’s pocket, seeking financial aids to study in the USA is the only way to survive this burden. The USA will offer you various lucrative scholarships and student aids some of these are discussed below:
| Universities | Scholarships | Award |
|---|---|---|
| Yale University | Jacob’s Fellowship – Loan Forgiveness Program | worth 25,000 USD in 2 years. |
| Assistantship | Work on the campus to earn waivers & benefits. | |
| Thunderbird School of Global Management (Arizona State University) | Thunderbird Alumni Scholarship | Covers the tuition fees . |
| Ann Weaver Nichols Scholarship Program | 500 USD for tuition cost. | |
| University of South Carolina (Darla Moore School of Business) | Moore School Excellence Award | 500 USD – 20,000 USD. |
| Graduate Assistantships | Work on-campus & earn up to 7,000 USD as a stipend. |
Masters in International Business in USA: Jobs
The USA is the most powerful nation in the world with the world’s largest economy. So, it is a dream study destination for many. Pursuing a masters in international business allows a student to be competent enough to land with a job with US or in other countries, such as Australia, Canada, Germany, UK, etc. Post completion of a MIB degree, a student can work in sectors as business operations, financial services, management, sales, etc. Below mentioned are few job roles after studying Masters in International Business in USA:
| Job Roles | Average Salary Range (USD yearly) |
|---|---|
| Management Analyst | 47,000 – 90,000 |
| Sales Manager | 68,500 – 137,000 |
| Finance Controller | 55,000 – 124,000 |
| Marketing Manager | 43,000 – 99,000 |
| International Trade Specialist | 42,000 – 90,000 |
| Management Consultant | 59,000 – 143,000 |
Business Operations Manager, a post closely related with an international business degree, is offered the highest salaries. The states and cities with USA offering maximum salaries to a business operations manager are given in the graphical image below along with the salary comparison:
Work Permit for USA
If you have completed your Masters in International Business in USA, do apply for an H-1B Visa. Getting an H-1B visa will require:
- A Letter with an offer of employment from the current employer in the USA.
- Your employer will file the I-129 petition.
- It will also file for your citizenship.
- Finally, hire an attorney to complete the process easily.
Students who wish to study further can pursue a Ph.D. post completing the Masters in International Business in USA.
- The USA has many world-renowned business schools like Yale University, MIT (Sloan), Harvard University, University of Chicago, and many more.
- The USA invests hugely in research and development.
- Here, you can pursue the program. Ph.D. graduates enjoy a 23 percent hike on their last salary.
- Also, while studying, you may expect 15,000 – 30,000 USD based on the course, location & college.
The US is the worlds’ most powerful economy and hence the favorite study destination of many. It is the land of prestigious management universities like Yale University, Harvard Business School, MIT (Sloan), and many more.
A great place to do research work as the USA spends more than 500 Billion USD in research. As per the survey, on pursuing any Masters in the USA you may earn a hike of 29 percent. After that, if you pursue Ph.D., then again, a hike of 23 percent on the last.
The USA is a country of rich cultural diversity with lakhs of international students enrolling each year. Also, you will be able to work for 20 hours per week on any campus as Assistant. This facility will help to earn some money or get some waivers. All these reasons make the USA a perfect destination to study Masters in International Business.https://www.youtube.com/watch?v=9oi5KuUuv6w
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