What is the duration of a Master's in International Business program in the US?

Typically, a Master's in International Business program in the US lasts for 1 to 2 years, depending on the specific university and whether it's a full-time or part-time program.

What are the admission requirements for a Master's in International Business in the US?

Admission requirements usually include a completed undergraduate degree, standardized test scores (like the GMAT or GRE), letters of recommendation, a statement of purpose, and often proof of English language proficiency (TOEFL/IELTS)

What are the career prospects after completing a Master's in International Business in the US?

Graduates can pursue various careers in multinational corporations, international organizations, consulting firms, government agencies, or start their own international ventures. Roles include international marketing manager, global supply chain manager, international financial analyst, etc.

2022-03-29 |

Countries

Masters In International Business In The US

Is it worth doing masters in international business?

By Grad-Dreams

USA

Business Management

Masters In International Business In The US

Masters in International Business in the United States is a full-time degree that lasts nine months to two years and is available as an MS, MBA, or Masters in Management. The cost of obtaining a Master of International Business degree from the United States is between 18,000 and 80,000 USD (13 lakhs to 59 lakhs). The program is offered at approximately 20 prominent universities in the country. In the United States, the average placement package offered to graduates of these programs is from 60,000 to 179,000 USD (44 LPA to 1.3 Cr).

Employers such as Bain & Company, BCG, Apple, Amazon, and McKinsey can hire graduates from the United States with an MIB degree to work as investor relations specialists, marketing managers, global research directors, diplomatic security specialists, and foreign service officers, among other positions. The Big Four accounting firms (EY, KPMG, Deloitte, and PwC) are also among the top recruiters in the United States for graduates with a master's in international business degree.

The subject, which was first offered in 1946, is concerned with the study of the Global Business Environment and Management Competencies in a global context. International students who wish to pursue a master's degree in international business in the United States must have completed their bachelor's degree in a relevant field, must have work experience, and must submit GMAT/GRE, IELTS, and TOEFL scores to be considered for admission to the program.

#Why Study a Masters In International Business In The US?

According to the QS Rankings, the United States has at least 150 universities that are ranked in the top 400 in the world for business management studies. The Masters in International Business Management programs at Yale University and Thunderbird School of Global Management are ranked 19th and 49th, respectively, in the world.
The course originated in the United States of America. The American Institute of Foreign Trade, which is today known as Thunderbird School of Management, was the first institution to introduce the concept in 1946.
The Association to Advance Collegiate Schools of Business (AACSB) has accredited the majority of Masters in International Business degrees offered in the United States (AACSB).
According to the Bureau of Labor Statistics (BLS) in the United States, reporting positions for international business degrees will grow by 19 percent by 2026.
According to Statista, the United States is a popular study destination for many international students, particularly those from Asia and South-East Asia. According to reports, around 202,000 Indian students are pursuing higher education in the United States.

#Details About The Course

Masters in International Business is a professional degree that takes 1-2 years to complete and is designed to train management professionals on the skills and resources available in a global economy. This course is appropriate if you wish to pursue a career that is aligned with the current global business environment. The course is offered in the following names:

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.

#Top Universities

Universities	Course Name
University of Chicago	Master of Business Administration - International Business
Yale University	Master of Management Studies in Global Business & Society
New York University	Master of Business Administration - Global MBA
University of Florida	Master of International Business
Thunderbird School of Global Management (Arizona State University)	Master in Global Management Duration - 2 years
Georgetown University	Master of Arts in International Business & Policy
Northeastern University (D’ Amore-McKim)	Master of Science in International Business Duration - 1 year
George Washington University	Master of Science in International Business
University of South Carolina Darla Moore School	Master of International Business, Duration - 9 months Master of International Business + A Master’s Degree,
Florida International University	Masters in International Business
University of Delaware	Master of Science in International Business

#Documents Required

Graduation scores that are equal to GPA criteria in the United States.
The results of the tests required to study in the United States.
To be considered for admission, certified transcripts from previous universities will be necessary.
You must provide a letter of recommendation from your most recent employer to be considered for this position. It is preferable if you have 2-5 years of work experience in any management-related profession.
You'll need to provide a current resume.
In addition to the documents listed above, you will require passport-sized photographs, a passport, and valid ID proof.

#Student Visa

The following are the steps to take and the documents you'll need to submit to apply for a student visa in the United States:

You must be able to provide Financial Proof to cover the bare minimum of living expenses.
You will be issued an I-20 document, which will allow you to get an F1 visa.
Following that, the SEVIS I-901 form must be completed. Afterward, you must submit your information to the worldwide visitor database.
To obtain an F1 visa, payment of the SEVIS fee is required.
Now, go to the visa application portal to make an appointment for the visa application.
Fill out the DS-160 form online.
Finally, make a copy of the document for use during the interview.

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#Cost Of Study

The cost of studying in the United States will include a variety of expenses. Because the United States is one of the most costly student destinations for international students, applicants must be aware of all of the fees they may incur while studying there. Some of these have been covered below:

Pre-arrival costs

There are a variety of fees you will incur before departing your native country to study in the United States. Application fees, entrance test fees, visa fees, and other fees are examples of this. The following are some examples:

Expenses	Fee (INR)
F1 & J1 Visa	26,130
Health Insurance	14,9315
IELTS	13,139
TOEFL	13,438
GMAT	18,664
GRE	15,304

#Cost of living

In addition to the tuition and fees, the cost of living in a foreign country is a substantial part of the overall expenses that an international student would incur. The following are the annual costs of living in the United States, which include the costs of student housing, transportation, groceries, and other expenses.

Expenses	Cost (Yearly INR)
Groceries	2 lakhs
Three times meal	7 lakhs
Public Transport	1 lakh
Internet Pass	59 thousand
Gas & Electricity	1 lakh
Dormitory	4 lakhs
Rented Apartment	10 lakhs

The overall cost of getting a master's degree in the United States is significantly more than the cost of studying in India or other countries where international students are currently studying. The United States continues to draw a large number of students because the graduate institutions in the United States are unparalleled in comparison to those in any other country.

#Scholarships

Due to the high cost of education in the United States, obtaining financial help to study in the United States is the only way to endure this financial load for an international student studying in the United States. The United States will provide you with a variety of attractive scholarships and student aids. Some of these are covered in greater detail below:

Universities	Scholarships	Award
Yale University	Jacob’s Fellowship - Loan Forgiveness Program	25,000 USD in 2 years.
Yale University	Assistantship	Work on- oncampus 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- 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 & get up to 7,000 USD as a stipend.

#Job Prospects

The United States of America is the most powerful nation on the planet, and it has the world's largest economy. As a result, it is a popular study place for many students. A master's degree in international business permits students to become qualified for positions in the United States or other nations, such as Canada, Australia, Germany, the United Kingdom, and so on. After earning an MIB degree, students can pursue careers in a variety of fields such as management, business operations, financial services, sales, and so on. Following are some examples of employment opportunities that can be obtained after completing a Masters in International Business in the United States:

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

The United States is the world's most powerful economy, making it a popular study destination for many. It is home to major business schools such as Yale University, Harvard Business School, MIT (Sloan), and others.

The United States invests more than $500 billion in research, making it an excellent area to do research. According to the poll, getting a master's degree in the United States can result in a salary increase of 29 percent. Then, if you seek a Ph.D., you'll see a 23 percent increase on the last.

With thousands of international students enrolling each year, the United States is rich in cultural diversity. You will also be able to work as an Assistant for 20 hours a week at any school. This facility will assist in earning money or obtaining waivers. All of these factors combine to make the United States an ideal location for pursuing a master's degree in international business.