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MBA in USA : Top Universities, Course, Eligibility and Fees
Kritika Yadav
- August 8, 2022
- 2:41 pm
MBA in USA: If you’re looking for an excellent business school to attend, the United States should be at the top of your list. The country boasts the world’s largest MBA ecosystem with around 125,000 enrolled students on a yearly basis, according to the US Department of Education. Plus, the average base starting salary for MBA graduates is around Rs. 80 lakhs/year. All these reasons make Study in USA an enticing option to study abroad.
In today’s job market, it is becoming increasingly common for employers to require applicants to have an advanced degree. If you want to get ahead of your competitors, acquiring an advanced degree is an excellent way to do so. With an MBA, you will have the skills and knowledge that are essential in a variety of industries, from technology and consumer products to start-ups.
Let’s explore everything from top universities in the USA for MBA programs to the cost of studying and eligibility requirements in this article.
Table of Contents
Why MBA in USA?
An MBA degree from a school in the USA comes with a wealth of opportunities and advantages, such as providing students with great experience in their chosen field. Here are some more reasons why MBA in USA is a great idea.
- Career opportunities: The headquarters for most Fortune 500 companies are based in the US, which can give job seekers an increased chance of being selected by a well-known firm. Furthermore, the jobs tend to be more pivotal and leadership-based, giving employees the opportunity to partake in key decision-making positions.
- Top ranked colleges: It is clear from the QS MBA Rankings that most of the top-ranked institutes are located in the United States. Harvard, Stanford, Ivy, and Wharton are all ranked highly in the rankings. This is due to the quality of education they provide, their highly qualified faculty, and their well-equipped campuses.
- Industry experience: US colleges believe in providing students with industry experience so they can hit the ground running when they graduate. They emphasize experiential learning via internships/co-ops and various training programs that provide students with an opportunity to interact with industry leaders to prepare them for future industry challenges.
Also read: 7 reasons to study in the USA.
Types of MBA in USA.
| Program | Details |
| Full-time MBA | A full-time MBA program is offered to students pursuing the degree on campus. Many of the two-year MBA programs are recognized as STEM degrees, which can provide students with an extra edge when job-hunting after graduation. Universities offering full time MBA are: Harvard, Stanford,UPenn, Chicago-Booth, MIT |
| Part-time MBA | Part-time MBA degrees are for professionals who want to pursue an MBA while working. Universities offering part-time MBA are: MIT, Harvard, Stanford, and Columbia University. Read: Top part time MBA colleges in the USA. |
| Executive MBA | The EMBA degree is a great fit for experienced professionals who want to move up in their career. It gives them the opportunity to gain an advanced level degree. Universities offering Executive MBA are: UPenn Wharton, MIT, Yale, Northwestern |
| Online MBA | This MBA program is for students who want to pursue their MBA from home in online mode. Universities offering online MBA programs are: Indiana University, University of North Carolina, University of Florida. |
MBA specialization in USA
MBA Specialization courses are a lot like choosing to focus on one specific thing and running with it. The benefit of this type of course is that, you guessed it, everything you do will be geared towards one goal set by the organization. This can often result in better outcomes because all of your efforts are being spent in one area as opposed to being spread thin. Listed below are the MBA specializations in the USA for international students:
- MBA in General Management
- MBA in Finance
- MBA in Marketing
- MBA in Entrepreneurship
- MBA in Human Resource Management
- MBA in Consulting
- MBA in Technology Management
- MBA in Operations Management
- MBA in Management Information Systems
MBA in USA requirements
- GMAT/GRE score: Most business schools in the United States set a minimum GMAT score of 600 for admission into their MBA programs. Some universities may also ask applicants to submit a GRE score along with their GMAT score.
- 16 years of education: In order to study MBA in the United States, a student must have 10+2+4 years of education or need to complete a 4 year bachelors program.
- English proficiency: International applicants whose first language is not English are typically required to take and submit the score from either the IELTS or TOEFL test to prove their language proficiency.
- Work experience: Students need to have 3 years of work experience to study MBA in the USA. However, this also depends on the course one has chosen and on the university, one is applying to.
Documents required for MBA in USA.
Some of the documents required for an MBA in USA are listed below:
- Letter of Recommendation (LOR)
- Updated resume
- Student visa
- Statement of purpose
- Cover letter if required,
- Passport size photograph
- GMAT/GRE scorecard
- All academic qualifications
Also Read: Admission Process & Eligibility Criteria for MBA in USA.
MBA colleges in USA
Going to college is a huge decision that will affect the rest of your life. With so many options available, it’s important to do your research before choosing a school. In the USA alone, there are 553 MBA colleges to choose from. Of those, 288 are public schools and 265 are private. MBA programs in the USA are highly sought-after by international students.Listed below are the top MBA colleges in USA according to QS World University Ranking 2022 and US news.
Top MBA colleges in USA according to QS ranking
| QS Ranking 2022 | Colleges |
| 1 | Stanford University |
| 2 | Harvard University |
| 3 | The Wharton School |
| 4 | The Sloan School of Management |
| 5 | Columbia Business School |
| 6 | Hass School of Business |
| 7 | The University of Chicago |
| 8 | UCLA, University of california Anderson |
| 9 | Yale School of Management |
| 10 | The Stern School of Business |
Also Read: List of Universities & Colleges in the United States (USA) – State-wise
Top MBA colleges in USA according to US news.
| Rank | Colleges |
| 1 | Stanford University |
| 2 | University of Pennsylvania (Wharton) |
| 3 | University of Chicago (Booth) |
| 4 | Northwestern University (Kellogg) |
| 5 | Harvard University |
| 5 | Massachusetts Institute of Technology (Sloan) |
| 7 | Columbia University |
| 7 | University of California–Berkeley (Haas) |
| 9 | Yale University |
| 10 | Dartmouth College (Tuck) |
Also Read: Best 50 Business Schools in the USA
MBA in USA fees
Tuition for an MBA in the United States can be expensive. The average tuition fee of an MBA in USA for Indian students ranges between 32.9 Lakhs INR- 58.5 Lakhs INR. However, an MBA from one of the top 10 business schools can cost well over Rs 1 crore. If you’re looking to get an MBA, it’s important to factor in the cost of tuition and make sure you’re getting a degree from a reputable school.
Listed below are some of the MBA colleges in the USA with tuition fees for Indian students.
| S.No. | Business Schools | Fees Per Year (INR) |
| 1 | Harvard Business School | 55.65 Lakhs |
| 2 | Stanford Graduate School of Business. | 56.4 Lakhs |
| 3 | Sloan School of Management | 59.6 Lakhs |
| 4 | Haas School of Business | 54.2 Lakhs |
| 5 | Yale School of Management | 56.2 Lakhs |
| 6 | Chicago Booth | 56.5 Lakhs |
| 7 | Columbia Business School | 58.4 Lakhs |
| 8 | The Wharton School | 62.8 Lakhs |
| 9 | Johnson School of Management | 55.8 Lakhs |
| 10 | Fuqua School of Business | 52.8 Lakhs |
| 11 | Kellogg School Of Management | 57.6 Lakhs |
| 12 | Ross School of Business | 54.4 Lakhs |
Cost of living in USA
The cost of living in the USA can vary greatly depending on which region you choose to live in. In general, the Northeast and East Coast are more expensive than the Midwest. When determining your living expenses for a year in America, factors such as housing (whether you live on or off campus), food, healthcare, groceries, entertainment, and travel costs should be taken into account. The average monthly cost of living in the USA for an Indian student is around INR 52,328–74,855 , which amounts to INR 74,75,50–89,70,60 each year. Listed below are the average monthly costs of accommodation, travel, food, etc.
| Expenses Type | Monthly charge (INR) |
| Accommodation | 0.75 lakhs- 1.50 lakhs |
| Travel | 0.07 lakhs- 0.22 lakhs |
| Personal Expenses | 0.22 lakhs- 0.45 lakhs |
| Meals | 0.02 lakhs- 0.03 lakhs (one-meal) |
| Health Insurance | 0.34 lakhs- 0.53 lakhs |
MBA in USA Scholarships
While getting an MBA degree can jumpstart your career, it’s not always possible for everyone to pursue this degree. One reason is that not everyone can afford it. This is where scholarships come into play. If you’re someone who couldn’t otherwise pursue an MBA in the USA due to financial reasons, there are scholarships offered by USA colleges that you can apply for. Below is a list of some colleges offering scholarships for MBA in USA, as well as how much money each scholarship is worth.
| Colleges | Scholarship | Award offered |
| Harvard Business School | Horace W. Goldsmith Fellowship | 10,000 USD |
| Wharton School | Joseph Wharton Fellowship | 20,000 USD |
| MIT Sloan | McKinsey Award | 10,000 USD |
| Columbia Business School | Columbia Fellows’ Program | Full or partial tuition fee waiver |
| Kellogg School of Management | Kellogg Scholarship | 7,000 USD |
Also Read: List Of Scholarships For Indian Students To Study In USA
Cheapest MBA colleges in USA
For international students who want to save some expenses, finding an affordable MBA in the USA is a great option. Although there are scholarships available for MBA programs in the US, the best way to cut costs is to find an affordable MBA college. Listed below are some cheap colleges in the USA with their tuition fees.
| S.No. | Colleges | Tuition fees |
| 1 | Northeastern State University | 9.18 Lakhs |
| 2 | Iowa State University | 10.85 Lakhs |
| 3 | The University of Hawaii at Manoa | 11.57 Lakhs |
| 4 | Clemson University | 12.39 Lakhs |
| 5 | Kentucky State University. | 13.89 Lakhs |
Also read: Working while studying in the US.
MBA in USA without work experience
| S.No. | Colleges offering MBAs in USA without work experience. |
| 1 | New York Institute of Technology, New York. |
| 2 | Boston University School of Management |
| 3 | University of North Texas, Denton (Texas) |
| 4 | Wichita State University, Wichita (Kansas) |
| 5 | Kansas State University, Kansas. |
| 6 | University of North Alabama, Alabama |
| 7 | Northwest Missouri State University, Missouri |
| 8 | Fox School of Business, Temple University |
MBA without gmat in USA
If you’re interested in pursuing an MBA at a top business school in the USA but you haven’t taken the GMAT, there are still several options available to you. There are a number of business schools and universities that offer MBA programs without the GMAT requirement.
Listed below are some universities that offer an MBA in USA without a GMAT score.
| S.No. | Universities | Courses offered |
| 1 | Hull University | Full-time MBA |
| 2 | Foster School of Business | EMBA |
| 3 | The Ross School of Business | Full-time MBA |
| 4 | The University of Michigan | Full-time MBA |
| 5 | Georgetown University | Full-time MBA |
Jobs after MBA in USA
This is an exciting time to enter the field of management in the USA, as the US Bureau of Labor Statistics predicts that employment in various management occupations will grow by 9 percent from 2020 to 2030. This growth will result in approximately 906,800 new jobs being created in the management field.
MBA programs help to develop a well-rounded skill set that can be employed in a number of career paths. These skills are valuable in fields such as business, sales, human resources, engineering, health care, and technology. The majority of MBA graduates go into management roles, which tend to be some of the highest paying jobs that utilize an MBA degree.
University-wise average salaries after MBA in USA.
Listed below are some of the universities with the average salaries offered by them.
| University | Average Salary (INR) |
| Harvard Business School | 1.12 Cr. |
| Stanford Graduate School of Business | 1.15 Cr. |
| Sloan School of Management | 1.12 Cr. |
| Haas School of Business | 1.04 Cr. |
| Chicago Booth | 1.11 Cr. |
Position-wise average salaries after MBA in USA.
Listed below are some of the job profiles with their average salaries.
| Job profile | Average Salary (INR) |
| Investment Banker | 74.95 lakhs |
| Business Analyst | 63.94 lakhs |
| Financial Advisor | 70.68 lakhs |
| Administrative Managers | 67.67 lakhs |
| Human Resource Manager | 64.42 lakhs |
FAQs
The average tuition fee of an MBA in USA for Indian students ranges between 32.9 Lakhs INR- 58.5 Lakhs INR. However, an MBA from one of the top 10 business schools can cost well over Rs 1 crore.
The USA has the world’s largest MBA ecosystem with around 125,000 enrolled students on a yearly basis, according to the US Department of Education. Plus, the average base starting salary for MBA graduates is around Rs. 80 lakhs/year.
Many students wonder if they can handle an MBA program. The answer is that, most likely, you can. But as you’ll probably learn during your MBA, your attitude makes up over 50% of your professional success, anyway.
Although it is not easy to study MBA for free in USA, there are a number of universities that provide full scholarships for students wishing to pursue an MBA in the States. So if you’re dedicated to getting your MBA and willing to put in the effort, there are opportunities out there for you to make your dream a reality.
According to QS ranking 2022, the top 5 business schools for MBAs in the USA are:
- Harvard Business School
- Stanford Graduate School of Business.
- Sloan School of Management
- Haas School of Business
- Yale School of Management
Related Links
- 7 Reasons to Study in the USA
- Best 50 Business Schools in the USA
- MBA in USA - Admission Process & Eligibility Criteria
- List Of Scholarships For Indian Students To Study In USA
- Documents required by Indian students for US visa interview
- How to Apply in a University in United States
- List of Universities & Colleges in United States (USA) - State-wise
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