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Master’s (MS) in Marketing: Top Universities, Rankings, Fees, Eligibility & More

Master’s (MS) in Marketing: Top Universities, Rankings, Fees, Eligibility & More

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Shivani Mani

Lead, Student Success - FundRight

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Summary

  • Many universities in the USA offer STEM-designated courses, meaning students can stay in the USA for an additional 24 months beyond the usual 12 months once they complete their MS in Marketing program.
  • Some of the top universities that offer an MS in Marketing are the University of Technology Sydney, the University of Melbourne, and the University of New South Wales.
  • According to the QS Business Master’s Rankings, the top universities worldwide for an MS in Marketing are mostly in Europe, particularly France, Spain, and the UK.

Overview of Master’s in Marketing Abroad

As consumer behaviors evolve, all companies need marketing experts to reach their audiences in new ways. This is where advanced marketing skills and expertise come into play. An MS in Marketing equips students with the academic knowledge and industry exposure required to build and master these skills. Some of the most lucrative jobs for graduates who complete this course include global marketing, business management, digital marketing, and business analytics. Marketing jobs are available in almost every industry, such as healthcare, technology, fashion, finance, e-commerce, and consumer goods, etc. 

Many universities abroad offer versatile marketing courses, including two-year and one-year programs, online executive programs, and even part-time programs. Many universities in the USA offer STEM-designated courses, meaning students can stay in the USA for an additional 24 months beyond the usual 12 months once they complete their MS in Marketing program. 

An MS in Marketing in the USA can cost between $30,000 and $120,000 annually. In France, the program costs €32,800 per year at HEC Paris University in Paris. In Australia, at the University of Melbourne, it costs AUD$36,992 per annum.

Many universities also offer scholarships and financial aid to successful applicants with strong academic performance, analytical skills, creative intelligence, and communication skills. 

Top countries to study MS in Marketing

The top countries for an MS in Marketing include the United States, the United Kingdom, France, Australia, and Germany. Let’s examine them one by one.

United States

The United States has a booming marketing industry, making it a prime location for marketing studies. Some of the top universities that offer this course are Berkeley Global, the University of California, and Pacific Lutheran University.

United Kingdom

The United Kingdom is the second premier location for an MS in marketing. Some top universities offering MS in Marketing are the University of Greenwich, London, Imperial College London, and University of Warwick. Master’s courses in the UK can be completed over a shorter duration than in other countries but they still maintain a high quality of education.

France

According to the QS World University Rankings, France is considered the best place to pursue an MS in Marketing because it houses top universities offering this program. Some top universities are Emlyon Business School, EDHEC Business School, and ESCP Business School.

Australia

Australia is also considered one of the best countries for an MS abroad. Some of the top universities that offer an MS in Marketing are the University of Technology Sydney, the University of Melbourne, and the University of New South Wales.

Germany

Germany has also become a popular destination for international students in recent years. Some popular universities are the Berlin School of Business and Innovation, the Free University of Berlin, the University of Bayreuth, and the University of Wuppertal.

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Top universities in the world for MS in Marketing

According to the QS Business Master’s Rankings, the top universities worldwide for an MS in Marketing are mostly in Europe, particularly France, Spain, and the UK. 

As you can see below, France has the most schools among the top 10 global universities, with 5 universities. The UK has 3, and Spain has 2. The only non-European school in the top 10 is Columbia University in the USA, which ranks 6th globally.

Here’s a list of top universities worldwide for MS in Marketing, as per the QS Business Master’s Rankings: Marketing 2024

University Location Global Rank Program
HEC Paris Paris, France 1 Master in Marketing
ESSEC Business School Paris, France 2 MSC in Marketing Management Digital
IE Business School Segovia, Spain 3 Master in Strategic Marketing and Communications
ESCP Business School Paris, France 4 MSc in Marketing & Creativity
Imperial College Business School London, United Kingdom 4 MSc Strategic Marketing
Columbia Business School New York (NY), United States 6 MS in Marketing Science
EMLyon Business School Lyon, France 6 M.S. Transformation Digitale et Marketing Stratégique
Esade Business School Barcelona, Spain 7 MSc in Marketing Management
Warwick Business School Coventry, United Kingdom 9 MSc Marketing & Strategy
EDHEC Business School Roubaix, France 10 MSc in Marketing
WU Vienna University Vienna, Austria 11 MS in Marketing
SKEMA Business School Paris Paris, France 12 MSc International Marketing & Business Development
Manchester (Alliance) Manchester, United Kingdom 13 MSc Marketing
Texas (McCombs) Austin (TX), United States 14 Master’s of Science in Marketing
University of Edinburgh Business School Edinburgh, Edinburgh, United Kingdom 15 Master’s In Marketing

Course curriculum for MS in Marketing and specializations

The MS in Marketing program is designed to keep up with the latest marketing trends in the curriculum. The latest core courses and specializations in an MS in Marketing typically are explained below.

Here’s a list of core courses that build the foundations of your marketing studies.

Core courses Description
Marketing Strategy and Planning This course covers the development of marketing strategies and plans, including market research, competitive analysis, and positioning
Marketing Analytics Students learn to apply statistical and data analysis techniques to marketing problems, including data visualization and interpretation
Marketing Management This course focuses on the management of marketing functions, including budgeting, resource allocation, and team leadership
Consumer Behavior and Marketing Students explore the psychological and sociological factors influencing consumer behavior and how to apply this knowledge to marketing
Digital Marketing Strategy This course covers planning and executing digital marketing campaigns, including social media, search engine optimization, and email marketing

 

Specialization  Description
Digital Marketing This course explains how to use digital technologies to reach, engage, and understand consumers
Marketing Analytics This course explains how to use data to make effective decisions and create competitive advantages
Marketing Management This course helps students to adapt marketing strategies to respond to competition, new products, and other changes
Brand Management In this course, you’ll understand brand strategy, equity, positioning, and architecture
Marketing Research This course teaches you to apply basic marketing principles to marketing strategy and planning, including market research, communications, and consumer behavior
Marketing Communications In this course, you’ll learn about marketing communications programs, including setting objectives, positioning, and media strategy
Product Management This course helps you create, market, and manage products or services to meet customer needs and organizational goals
International Marketing This course will teach basic international marketing concepts, including the international political and legal environment

Eligibility for studying MS in Marketing

The eligibility requirements for a Master of Science (MS) in Marketing can vary by institution, depending on different locations. Here’s a list of requirements that you must meet to pursue this program:

  1. A bachelor’s or undergraduate degree in any field.
  2. A minimum GPA of 3.0.
  3. English proficiency test scores include IELTS, TOEFL, PTE, and Duolingo.

In addition to meeting these requirements, you must submit other documents that the universities will review to determine your eligibility for the MS in Marketing program. 

Other documents include:

  • Academic transcripts
  • Resume
  • Statement of Purpose
  • Personal essay
  • Letters of recommendation
  • University application form 

GMAT/GRE requirements for studying MS in Marketing

The Graduate Management Admission Test (GMAT) and the Graduate Record Examination (GRE) are used for graduate school admissions abroad. However, business schools prefer the GMAT.

Some say that the GRE may be better suited for Master of Marketing programs because it’s more verbal and qualitative, which may be more relevant for marketing students. However, many schools don’t specify a particular test for their Master of Marketing programs and instead focus on a strong GPA. 

For example, Santa Clara University’s Leavey School of Business may waive the GRE/GMAT requirement for applicants with an undergraduate GPA of 3.0 or higher in a quantitative discipline or at least two years of professional work experience. 

However, top universities like HEC Paris, ESSEC Business School, and IE Business School do not require these exam test scores.

Scholarships to study MS in Marketing abroad

International students can benefit from the following scholarships for their MS in Marketing in the USA, UK, Germany, Australia, and France.

USA

Scholarship Name Type Basis
Karsh International Scholarships at Duke University University-based Merit-based
Knight-Hennesy Scholarships at Stanford University University-based Merit-based
#Youarewelcomehere scholarship at Rutgers Camden Government-based Need-based
Capital University International Scholarships University-based Merit-based

UK

Scholarship Name Type Basis
Chevening Scholarships Government-based Merit-based
Commonwealth Scholarships Government-based Merit-based
Clarendon Fund Scholarships at the University of Oxford University-based Merit-based
Imperial College London Scholarships University-based Merit-based

Germany

Scholarship Name Type Basis
University of Hamburg Merit Scholarships University-based Merit-based
DAAD Scholarships Government-based Merit-based
Erasmus Mundus Joint Master Degrees Government-based Merit-based
Heinrich Böll Foundation Scholarships Government-based Merit-based

Australia

Scholarship Name Type Basis
Australia Awards Scholarships Government-based Merit-based
Destination Australia Program Government-based Merit-based
Endeavour Leadership Program Government-based Merit-based
University of Queensland Scholarships University-based Merit-based
RMIT University Scholarships University-based Merit-based

France

Scholarship Name Type Basis
Eiffel Excellence Scholarship Program Government-based Merit-based
French Government Scholarships Government-based Merit-based
Campus France Scholarships Government-based Merit-based
HEC Paris Scholarships University-based Merit-based
ESSEC Business School Scholarships University-based Merit-based

Other Notable Scholarships

Scholarship Name Type Basis
Malaysian Government MTCP Scholarship Government-based Merit-based
Slovak Government NSP Scholarships Government-based Merit-based
Malaysian Government Scholarships (MIS) Government-based Merit-based
Hohai University Scholarships in China University-based Merit-based
Jiangsu University Presidential Scholarships in China University-based Merit-based

Career scope after pursuing an MS in Marketing

A marketing career is an ever-expanding dynamic field that will continue to grow along with technological advancements and innovations. Today, every company requires a marketing professional to connect their brand’s mission with the respective consumers. 

According to the US News and World Report, the marketing manager position is #1 in Best Sales and Marketing jobs. Marketing Managers are ranked 11th among the top 100 jobs across all sectors

Marketing also offers huge financial compensation compared to other professions. It’s regarded as #11 in Best-Paying Jobs, sharing the same spot as the top job ranking overall. 

The US Bureau of Labor Statistics projects that marketing managers will experience career growth of about 6% over the next decade. Master’s degree holders also tend to earn more than those with a bachelor’s degree, on average taking home nearly 20% more weekly earnings.

Some of the popular job roles and their average salaries, as per Glassdoor, are:

Job Role Salary Range
Brand Manager $70,000 – $120,000
Market Research Analyst $50,000 – $80,000
Digital Marketing Manager $60,000 – $115,000
Marketing Strategist $60,000 – $100,000
E-commerce Manager $58,000 – $120,000
Key Account Manager $60,000 – $110,000
Strategic Planner $55,000 – $90,000
Trade Marketing Manager $65,000 – $105,000

Top recruiters

Some of the top companies that hire MS in Marketing graduates are

1. Multinational Corporations (MNCs)

  • Hindustan Unilever
  • Procter & Gamble
  • Nestlé
  • Johnson & Johnson
  • Adidas
  • Nike

2. Tech Companies

  • Amazon
  • Flipkart
  • Apple
  • Samsung
  • Xiaomi
  • Byju’s
  • Zomato
  • Swiggy

3. Consulting Firms

  • Nielsen
  • Ipsos
  • Digitas
  • Right Step Consulting
  • ABC Consultants
  • Accord India

4. Other Industries

  • HDFC
  • Cognizant
  • TCS

Job prospects and salaries offered after studying MS in marketing

MS in Marketing graduates are highly sought after by a wide range of industries, including consumer goods, technology, consulting, and financial services. These companies value the specialized marketing skills and knowledge that marketing graduates possess.

Some of the highest-paying roles for MS in Marketing graduates include marketing manager, marketing director, brand manager, and marketing analytics specialist, especially in in-demand sectors like technology, consulting, and consumer goods. 

Graduates with strong digital marketing and data analytics skills earn the highest salaries. Here is the annual salary of some of the highest-paying roles as of 2024.

Job roles Salary range
Digital Marketing Specialist $65,418 
Marketing Consultant $131,660 
Product Marketing Manager $131,000–$218,000 
Brand Manager $161863
Marketing Research Analyst $78,816 
Marketing Manager $80,915

FAQs

1.  Is MS in Marketing a STEM degree?

Yes, some Master of Science in Marketing (MSM) programs are STEM-designated. This means that students who complete the program can stay in the USA for an additional 24 months beyond the usual 12-month Optional Practical Training period, and get valuable work experience. 

2. What are the admission requirements for studying an MS in Marketing abroad?

The admission requirements include a bachelor’s degree, GMAT/GRE scores, English proficiency tests like IELTS or TOEFL, letters of recommendation, and a statement of purpose. Many universities consider relevant work experience as an admission requirement. 

3. What are the career prospects for someone with an MS in Marketing degree?

The career scope for graduates with an MS in Marketing is excellent globally. There are many high-paying marketing roles, such as marketing manager, digital marketing specialist, brand manager, marketing research analyst, and marketing consultant, whose average salaries range between $70,000 to over $130,000 per year.

4. Are any scholarships available for international students studying for an MS in Marketing abroad?

Yes, there are numerous scholarship opportunities available for international students interested in pursuing an MS in Marketing degree abroad.

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About the author

Picture of Shivani Mani

Shivani Mani

Lead, Student Success - FundRight

Shivani, aka ‘Sheen’ brings in 15+ years of experience in banking & finance. An IIM-A alumna, she actively interacts with students & provides actionable solutions to their study abroad funding issues.

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