If you’re thinking about pursuing a Master’s in International Business in the USA, you’re in good company—it's a popular choice for international students. These programs, available as MBA, MS, or MiM (Master in Management), usually last from 9 to 24 months and are offered by many top universities. The cost can vary quite a bit, ranging from USD 18,000 to 80,000, which is roughly INR 13 to 59 lakhs for Indian students.

While the expenses might seem high, the investment often pays off. Graduates with masters in usa often land jobs at well-known companies, with salaries ranging from USD 60,000 to 179,000 (about INR 44.5 lakhs to 1.3 crore). With a degree in this field, you could become a marketing manager, investor relations specialist, or foreign service officer. Let’s take a closer look at the program and the application process.

Reasons to Pursue a Master’s in International Business in the USA

While master's in international business is a traditional path, pursuing a master’s program in this field can also be a strategic decision. Here are several compelling reasons to consider:

• Quality Education: The USA is home to over 150 globally recognized institutions that offer top-tier education in international business. Schools like the Thunderbird School of Global Management and Yale University are ranked among the top 50 global institutions for international business management.
• Historical Significance: The concept of International business management education originated in the USA in 1946, with the inaugural program launched at the Thunderbird School of Global Management (originally the American Institute of Foreign Trade).
• Accreditation: Many of these programs are accredited by prestigious bodies such as the AACSB (Association to Advance Collegiate Schools of Business), ensuring high educational standards.
• Job Market Growth: The demand for international business graduates is projected to rise significantly in the coming years, with job opportunities increasing at a double-digit rate.
• High Earning Potential: Graduates often receive lucrative job offers, further enhancing the program's value.

Top Universities for International Business Studies

When considering a master's in international business, it’s essential to select a reputable institution. Here’s a list of some of the best universities offering these programs:

In addition to these degree programs, there are also various short-term graduate courses, certificate programs, and diplomas available for those interested in International Business.

Anticipated Study Expenses

Studying master's in international business involves various costs beyond just tuition. Here’s a breakdown of expected expenses:

• Visa Costs: Approximately $160 (INR 12,012) for J-1 and F-1 visas.
• Test Fees: IELTS costs around INR 14,700, TOEFL about $185 (INR 15,988), GRE costs approximately $213 (INR 15,988), and GMAT fees are about $250 (INR 18,766).
• Health Insurance: Roughly $2,000 (INR 1.50 lakhs) per year.
• Living Expenses: Yearly food and grocery expenses can amount to around $3,000 (INR 2.23 lakhs), transportation costs may reach $1,440 (INR 1.06 lakhs), and accommodation (dormitory) costs can be around $5,400 (INR 4.06 lakhs).
• Miscellaneous Costs: Additional expenses like internet (about $794 or INR 58,907) and utilities (approximately $1,980 or INR 1.47 lakhs).

Admission Requirements

To apply for masters in international business in the USA, candidates typically need to meet certain academic and professional criteria, which can vary by institution. Here are some common requirements:

• Undergraduate GPA: Generally, a GPA between 3.0 and 3.66 (equivalent to 83-89%).
• Language Proficiency: TOEFL scores ranging from 79-107 (iBT) or 550-600 (PBT); IELTS scores between 6-7.5.
• Standardized Test Scores: GMAT scores typically fall between 500-720, and GRE scores between 130-304, depending on the university.
• Work Experience: Most programs prefer candidates with three to five years of relevant work experience.
• Educational Background: The USA typically accepts only 10+2+4 academic qualifications, meaning international students should possess a four-year undergraduate degree.

Required Documentation

When applying, be prepared to submit various documents, including:

• Academic Transcripts: These should include scores from your undergraduate degree.
• Standardized Test Scores: IELTS or TOEFL and GMAT or GRE results.
• Letters of Recommendation: Usually two or three letters from supervisors, professors, or professional contacts.
• Resume or CV: A detailed account of your academic and professional experiences.
• Proof of Work Experience: Documentation supporting your work history.
• Identification Documents: A valid passport copy and passport-sized photographs.

Applications are typically submitted directly through the universities' official websites, where you can upload all necessary documents.

Career Opportunities After Graduation

Graduates of Master’s in International Business programs can expect to enter various high-demand job roles. Potential positions include:\

• Marketing Manager
• Investor Relations Specialist
• Global Research Director
• Foreign Service Officer
• Management Consultant
• Finance Controller

Many prestigious organizations, including the Big Four (Deloitte, EY, PwC, and KPMG), actively seek graduates from these programs. Global companies such as McKinsey, Bain, and Amazon also recruit skilled MIB graduates. The USA, with its robust economy, offers excellent career prospects in sectors such as business operations, financial services, and management, with average salaries ranging from $42,000 to $143,000 annually (approximately INR 31.11 lakh to 1.06 crore).

Work Visa Guidelines

Upon completing your MIB in the USA, you may want to apply for an H-1B work visa. To do this, you will need:

• An official job offer from your employer in the USA.
• A letter confirming your employment.
• Your company must file an I-129 petition on your behalf.
• Legal assistance to navigate the application process smoothly.

For those considering further education, pursuing an ms in usa, or Ph.D. may lead to even more lucrative opportunities, as Ph.D. graduates often see salary increases of 20-25% compared to their MIB counterparts. The USA invests over $500 billion annually in research and development, indicating robust prospects for research-oriented candidates.

Student Visa Application Process

Here’s a step-by-step guide for applying for a student visa:

• Proof of Funds: You need to demonstrate sufficient funds to cover living and tuition expenses.
• I-20 Form: After your admission, your university will provide you with this form.
• SEVIS Registration: Complete the SEVIS I-901 form and register in the global database for international visitors.
• Payment of SEVIS Fee: Pay the required SEVIS fee for the F-1 visa.
• Schedule Visa Appointment: Set an appointment for your visa application.
• DS-160 Form: Complete and print this form for your visa interview.

Conclusion 

In conclusion, pursuing a Master’s in International Business in the USA offers a fantastic opportunity for students looking to broaden their skills and improve their career options. With access to top universities and programs, graduates can find great jobs with good salaries.

GlobalGrads is here to help pursue master's degree in usa for international students & achieve their dreams. Their team of experts provides support at every step, making it easier for you to choose the right university and course. They also ensure that the programs are affordable, so you can focus on your studies without worrying about high costs. By choosing GlobalGrads, you’re not just investing in your education; you’re also setting yourself up for a successful future.