Master of Commerce in USA

Master of Commerce in USA

bog
Sandeep NepalTue Oct 05 2021

The course duration for a Master of Commerce in  USA ranges from 10 months to 2 years. It is either offered as a general course with different tracks of specialization to choose from or as a specialized course such as supply chain management. The annual tuition fee for the course ranges from  17,000 to  60,000 per year. 

Graduates of the program are recruited by different governmental and non-government organizations for different managerial positions. The average salary of graduates of Master of commerce in the USA is  67,000 a year. 

It is different from MBA in the sense that the MBA is a professional course that prepares for different facets of a business whereas a commerce course is a theory-based course that provides in-depth knowledge of commerce, business, economy, etc. The teachings of both graduate programs overlap a lot.

Why choose the USA for Master of commerce?

  • A wide variety of courses to choose from including global commerce, supply chain management, e-commerce, etc.
  • Different scholarships and financial aid opportunities are available for international students as well to fund their graduate studies.
  • Courses taught by researchers and professionals of the field.
  • The program offered by several top universities of the USA

Top universities for master of commerce in the USA 

Different universities all across America offer a master of commerce program with a focus on different facets of commerce. 

The increasing use of technology has also had its impact on commerce and to cater to this multiple universities are offering a program on e-commerce and technology commercialization. 

The following table shows a list of universities with masters of commerce in the USA ranked according to QS ranking of universities worldwide.

Rank

QS University ranking 2022

Program

112

University of Southern California

MS in Global Supply Chain Management

157

Michigan State University

Master's In Supply Chain Management

226

University of Virginia

MS in Commerce

23

University of Michigan-Ann Arbor

Master of Supply Chain Management

285

University of Illinois- Chicago

Master of Science in Supply Chain and Operations Management

342

Northeastern University

Master of Science in Commerce and Economic Development

431

Rensselaer Polytechnic Institute

Master of Science in Technology Commercialization and Entrepreneurship

67

The University of Texas at Austin

M.S. in Technology Commercialization

801-1000

George Mason University

Master’s in International Commerce and Policy

NA

Claremont Graduate University

MS in Global Commerce & Finance

NA

Fairleigh Dickinson University

MS E-Commerce

Tuition fees for Master of Commerce in USA

The following table shows the indicative tuition fee per year for the course offered by each university:

Universities

Course Duration

Annual Tuition Fee

University of Southern California

1.5 year

42,000

Michigan State University

1.75 year

32,914

University of Virginia

10 months

47,950

University of Michigan-Ann Arbor

10 months

59,128

University of Illinois- Chicago

1 year

33,938

Northeastern University

1.5-2 years

21950 -  29,270

Rensselaer Polytechnic Institute

2 years

49,520

The University of Texas at Austin

1 year

53,000

George Mason University

2 years

27,230

Claremont Graduate University

1.5 years

47,520

Fairleigh Dickinson University

1.5 years

17,000

Entry Requirements For Master of Commerce in USA

University of Michigan-Ann Arbor

  • Transcript of the Undergraduate degree evaluated by the WES
  • GRE or GMAT score
  • TOEFL score of 100 or IELTS score of 7.0

University of Virginia

  • Undergraduate degree in engineering, science, or liberal arts. One with an undergraduate major in business is not eligible for this course
  • SAT, MCAT, ACT scores are accepted but not mandatory for 2022-2023
  • A TOEFL score of a minimum of 100 or an IELTS score of a minimum of 7.5 is required.

Claremont Graduate University

  • A bachelor degree from a recognized institution
  • GRE is not required but can submit if the applicant has taken the test
  • For international students from a non-English speaking country, a TOEFL score of a minimum of 100, an IELTS score of a minimum of 7.0, or a PTE score of a minimum of 66 is required.

Michigan State University

  • An undergraduate degree with a GPA of at least 3.0 on a 4.0 scale from a nationally recognized university
  • At least 2 years of work experience in supply chain management
  • IELTS score of 6.5 overall, TOEFL score of 88, or PTE score of 59 overall for proof of English language

Rensselaer Polytechnic Institute

  • Must hold an undergraduate degree or equivalent
  • TOEFL score of 88 or higher, IELTS score of at least 6.5, or PTE score of at least 60 is required.
  • GRE or GMAT score

Fairleigh Dickinson University

  • A bachelor’s degree from an accredited institution
  • TOEFL score of 70 or higher, IELTS score of at least 6.0, or PTE score of at least 53 is required.

Northeastern University

  • An undergraduate degree from an accredited institution
  • IELTS score of 6.5 with no band less than 6 or TOEFL score of 79 with at least 20 in writing or PTE score of 53 overall

The University of Texas at Austin

  • Undergraduate degree
  • TOEFL score of 79 or IELTS score of 6.5
  • GRE score required

University of Illinois- Chicago

  • A bachelor's degree in any discipline with a GPA of 3.0 out of 4.0.
  • GRE/GMAT score (waived for Fall 2022) required. The score validity is for five years.
  • For proof of English language proficiency any of the following test scores can be presented
    • TOEFL score of overall 80 with at least 21 in writing, 17 in listening, 19 in reading, and 20 in speaking
    • IELTS score of 6.5 overall with no band less than 6.0
    • PTE score of 54 overall with at least 47 in listening, 56 in writing, 51 in reading, and 53 in speaking

University of Southern California

  • An undergraduate degree with a competitive GPA score
  • 1-2 years of work experience
  • GRE/GMAT score required for on-campus study
  • TOEFL score of 90 overall with at least 20 in each section or IELTS score of 6.5 overall with at least 6.0 in each band or PTE score of 61 overall with at least 53 in each band

STEM designation of Master of commerce programs

Mostly master of commerce in the US is offered as an MS program which is STEM-designated which is very helpful for students. Generally, the student gets 1 year of OPT which is very helpful for getting professional experience in the US. For courses that are STEM-designated, students get 2 years of OPT extensions, thus, a total of 3 years. However, master of commerce courses offered as MCom is not stem designated.

Scholarship and Financial Aid:

Limited scholarships are available for the Master of Commerce in the USA. These scholarships are offered by the universities on a merit basis. 

However, there are also other funding and financial aid opportunities for international students in US universities. Since the master of commerce is working professionals with an undergraduate degree they can find different kinds of on-campus jobs. 

The assistantship is a common method of funding graduate studies for international students. Besides this, some universities offer fellowship programs for master students as well which covers all the tuition and other fee and also provides a stipend.

University

Scholarships/Awards

Amount

The University of Texas at Austin

The George Kozmetsky Tuition Waiver

10,000 paid evenly across three semesters

Northeastern University

Double Husky Scholarships

Up to 25% of tuition fee reduction

Rensselaer Polytechnic Institute

Rensselaer Graduate Fellowships

Full stipend with tuition and other fee coverage

University of Michigan-Ann Arbor

Scholarships for Master of Supply Chain Management (MSCM) Students

NA

University of Virginia

Departmental Scholarships

5000 -  25,000

Scope of Master of Commerce in the USA

The average salary of graduates of MS in commerce in the USA is  67,000 a year. The graduates of the master of commerce are hired by any private, government, and not-for-profit organizations. 

Most universities in the USA have departments that provide guidance for career selection and an alumni network that helps to land the first job after graduation. 

The following table shows the range and average salary of different roles assumed by the graduates of the master of commerce in the USA.

Role

Average Annual Salary in USD

Business Operations Manager

63,683

Data Analyst

67,267

Commercial Credit Analyst

56,760

Financial Analyst

63,188

Associate Project Manager

63,683

Investment Banking Analyst

53,776

Marketing Data Analyst

66,351

Research Analyst

58,437

Marketing Director

56,962

Management Consultant

66,132

 

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