Study MBA in Business Management in USA

Study MBA in Business Management in USA 

What is Business Management all about?

Business Management is among the top chosen fields by domestic as well as international students to study post-graduation in US universities. The course includes study in business and management to effectively equip students with industrial skills, communication studies, and organizational behavior for dealing with business-related problems and finding solutions for goods and services. Business management also involves the practice of planning, managing, and analyzing different areas of business operations. Students enrolled in the course usually learn business concepts with subjects involving finances, international business, and departmental organization to compete in the global marketplace. The curriculum and academics are designed to develop and enhance interpersonal skills along with social skills related to business-like decision making, building alliances, leadership, team motivation, and handling challenging situations.

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Why choose Business Management in the USA:-

- Business-friendly environment: The business market in the US has always been strongest and known for the worldwide network. So, working as a foreigner is appreciated and accepted as it is the need for major companies and organizations. This helps for an MBA graduate to get along with their work without any barriers and hesitations.

- Job opportunities: There are ample job opportunities in the USA for business management graduates due to the boom in the business market. There are also many ways to settle down in the country with a stable management job.

- Great salaries: Along with substantial career growth, business management employees receive better salaries than the employees in other fields.

- Global Learning: US universities have students from many regions of the world. Thus, they get to learn about various cultures as well as business activities across the world.

- Internship: The universities have many recruitment programs and internship opportunities for international students to gain initial experience with local companies.

Skills required for Business and Management:-

- Effective communication: One of the major skills important for the course of business and management is communication. You need to convincingly put up required points and ideas before clients and managers, etc and also find reasoning to support it.

- Strong leader: Leadership skills are a must for any MBA course as it is one of the major learning techniques in all the core subjects.

- Future thinker: All the plans and ideas must include future prospects which would help set priorities for further projects.

- Market update: You must be updated with the recent trends, techniques, and developments in the business or related fields.

Entry requirements:-

A complete application must contain:

Academic Record/Transcripts: - These are basically proof of your excellence and performance during your previous course or education.

Letters of Recommendation: - Most universities require at least two letters of recommendation from students for the application process.

Essays/SOPs: - The number of essays required depends upon the university requirement. These essays help the admission committee to know you better through your academic experiences and achievements.

Standardized test scores: - GRE or GMAT test scores are to be attached along with your application which has a large weight-age considering your admission at the university. Also, these scores must not be older than five years.

English language test scores: - Scores of English language tests like IELTS, TOEFL or PTE are required for non-native English speakers or for those who have not completed their previous education where English was not the medium of instruction.

Resume: - You are required to submit a resume mentioning your skills, academic excellence, experience in management tasks, achievements during academics and work, etc.

Application fee: - You can pay the application fee online through credit or debit card. The cost of the application ranges from $100 to $300.

Course cost:-

The tuition costs in universities in the USA for all MBA programs are almost the same. The difference in the fees and expenses can only vary depending upon the location, type of program, and the rankings of the university. Most of the top universities like MIT Sloan and Stanford universities have tuition costs around $70,000/ year or more for a full-time MBA in the supply chain while other universities have tuition costs around $30,000 - $50,000/ year. Please note that these figures show the in-state cost for each university and out-of-state tuition costs are comparatively higher.

Syllabus:-

Core subjects in the curriculum include:

  • Human Capital Management
  • Business Policy and Ethics
  • Managerial Economics
  • Applied Managerial Statistics
  • Marketing Management
  • Managerial and Financing Accounting

Other major subjects cover topics like:

  • Public Administration
  • Consulting
  • Advertising
  • Event planning and Hospitality
  • International Business

Course duration:-

The course is available for full-time as well as part-time. The full-time duration generally is from 1 to 3 years. Part-time duration varies with the selected university and can exceed up to 3 years. The overall credits required for the course including core and major courses are around 38.

Best Universities to study Business management in the USA:-

  • Harvard University
  • Stanford University
  • University of Pennsylvania
  • University of California
  • Yale University
  • New York University
  • Dartmouth College
  • University of Michigan
  • Northwestern University
  • University of Chicago
  • MIT Sloan

Careers for MBA – Business Management:-

- Business Analyst:- Their job is to cost-effectively and efficiently achieve business goals to develop new products, services, and profit. Average Annual Salary - $79,000.

- Marketing Manager- They are strategy creators for marketing a product or service using industry trends, data analysis, and demands. Average Annual Salary - $72,000.

- Stock Manager: - Basically, they ensure the efficiency of the businesses’ supply by controlling and monitoring inventory levels. Average Annual Salary - $35,000.

- Auditor: - Their job is to handle, check, and examine the finances of the company and give accurate statements based on sufficient evidence and requirements. Average Annual Salary - $66,000.

- Sales Manager: - Their job is to lead and guide the sales team to reach a plan for a certain amount of time with efficient overall performance. Average Annual Salary - $78,000.

Best recruiting companies in the USA for MBA – Business Management:-

Johnson & Johnson, Nike, Tesla, Unilever, PepsiCo, Deutsche Bank, LinkedIn, Accenture, IDEO, GE, A.T. Kearney, Walt Disney, Goldman Sachs, and Proctor &Gamble are some of the top employers in the USA which are also famous for frequent recruitment.

Some top companies are listed below which select students from business school campuses. Check out-

MBA-recruiting companies through campuses:-

  • Bain and Company
  • BCG
  • Apple
  • Citigroup
  • Deloitte
  • JP Morgan
  • McKinsey
  • Microsoft
  • Morgan Stanley
  • Amazon

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