Why Study MBA in the USA?
- Top-Ranked Business Schools: The USA is home to 50 of the world’s top 100 business schools, including Harvard, Stanford, and Wharton.
- High Salary Potential: MBA graduates from U.S. universities earn an average starting salary of $115,000 per year.
- Diverse Specializations: U.S. MBA programs offer specializations in finance, marketing, entrepreneurship, technology management, and more.
- Strong Job Market: The U.S. job market for MBA graduates is thriving, with over 92% of students securing job offers within three months of graduation.
- STEM-Designated MBA Programs: Many U.S. universities offer STEM MBAs. International students can extend their stay in the USA for up to 3 years through the OPT (Optional Practical Training) program.
- Access to Top Employers: U.S. MBA graduates are highly sought after by global companies like Google, Amazon, McKinsey & Co., and Goldman Sachs.
Types of MBA in the USA
- Full-Time MBA: A 1-2 year immersive program designed for professionals looking to accelerate their careers
- Part-Time MBA: Flexible evening or weekend classes for working professionals who want to study while continuing their jobs
- Executive MBA (EMBA): Tailored for senior professionals with work experience, focusing on leadership and strategic management
- Online MBA: A remote-learning option offering flexibility for students balancing work, life, and education
- STEM MBA: A specialized MBA with a focus on analytics, technology, and data-driven decision-making. It is a 3-year OPT extension for international students
- Dual-Degree MBA: Combines an MBA with another graduate degree (e.g., JD, MD, or MS) for expanded career opportunities
Cost of Studying MBA in USA
The cost of studying top MBA programs in USA for international students depends on the university and living costs. Below is a breakdown:
Tuition Fees
Tuition fees can range between $60,000 and $80,000 per year.
Living Expenses
| Expenses in USA | Average Yearly / Monthly Cost |
|---|---|
| Travel | USD 300 – USD 700 per year |
| Accommodation | USD 9,800 – USD 11,100 per year |
| Electricity | USD 100 – USD 150 per month |
| Food | On campus: USD 250 per monthOff-campus: USD 400 – USD 600 per month |
| Phone Subscription | USD 50 per month |
| Home Internet | USD 45 – USD 50 per month |
| Health Insurance | USD 700 – USD 1,100 per year |
Accommodation Costs in the USA
Accommodation costs are the biggest factor of living costs in USA. Below are the accommodation options along with their costs:
| Housing Accommodation | Average Monthly/Yearly Cost |
|---|---|
| On-campus Stay | Public colleges: $9,800 yearlyPrivate colleges: $11,000 yearly |
| Off-campus Stay | Sharing: $450 per monthOne-bedroom Apartment Rural States: $500 per monthOne-bedroom Apartment Urban States: $3,500 per month |
Top MBA Colleges in the USA for Indian Students
Below are the top MBA colleges in USA with fees:
| University | QS MBA Ranking | Tuition Fees |
|---|---|---|
| Stanford Graduate School of Business | 1 | USD 82,000 |
| The Wharton School | 2 | USD 82,000 |
| Harvard Business School | 3 | USD 73,000 |
| MIT Sloan School of Management | 4 | USD 81,000 |
| Columbia Business School | 7 | USD 83,000 |
| The Kellogg School of Management | 12 | USD 83,000 |
| Haas School of Business, Berkeley | 13 | USD 84,000 |
| The University of Chicago Booth School of Business | 14 | USD 83,000 |
| UCLA Anderson School of Management | 17 | USD 77,000 |
| Yale School of Management | 16 | USD 84,000 |
Stanford Graduate School of Business
Stanford Graduate School of Business offers a rigorous two-year MBA program that emphasizes leadership and entrepreneurial innovation.
| Address | 655 Knight Way, Stanford, CA, United States |
|---|---|
| Year Founded | 1925 |
| Tuition Fees | 82,455 dollars or 69 lakh INR |
| Global QS Ranking | 1 |
| Programs offered | General MBA, One Year MBA |
| Phone number | +1 6507232146 |
| Official Site | https://www.gsb.stanford.edu/ |
| Exams required | IELTS, GMAT, GRE |
Wharton School of Business
The Wharton School at the University of Pennsylvania provides a comprehensive MBA program with a focus on finance and analytics.
| Address | Vance Hall, Spruce St, Philadelphia, United States |
|---|---|
| Year Founded | 1881 |
| Tuition Fees | $84,874 per year or 69 lakh INR |
| Global QS Ranking | 2 |
| Programs offered | General MBA, Executive, Business analytics, Finance |
| Phone number | +2158982575 |
| Official Site | https://www.wharton.upenn.edu/ |
| Exams required | IELTS, GMAT, GRE |
Harvard School of Business
Harvard Business School delivers a transformative MBA experience through its case method teaching approach. The two-year program develops leaders poised to make a significant impact in the world.
| Address | Boston, MA, United States |
|---|---|
| Year Founded | 1908 |
| Tuition Fees | $74,910 per year or 62 lakh INR |
| Global QS Ranking | 3 |
| Programs offered | General MBA |
| Phone number | +16174956000 |
| Official Site | https://www.hbs.edu/ |
| Exams required | IELTS, GMAT, GRE, TOEFL, PTE |
MIT Sloan School of Management
MIT Sloan School of Management offers an MBA program that integrates rigorous academic study with practical applications. Students are prepared to lead in a technology-driven world.
| Address | 100 Main St, Cambridge, United States |
|---|---|
| Year Founded | 1914 |
| Tuition Fees | $82,000 per year or 68 lakh INR |
| Global QS Ranking | 6 |
| Programs offered | General MBA, Management, Business analytics, Finance |
| Phone number | +16172585435 |
| Official Site | https://mitsloan.mit.edu/ |
| Exams required | IELTS, GMAT, GRE |
Columbia Business School
Columbia Business School provides an MBA program that combines a comprehensive core curriculum with a wide range of electives. Located in New York City, students benefit from proximity to global business leaders.
| Address | 665 W130 St, New York, United States |
|---|---|
| Year Founded | 1816 |
| Tuition Fees | $84,496 per year or 70 lakh INR |
| Global QS Ranking | 7 |
| Programs offered | General MBA |
| Phone number | +12128541100 |
| Official Site | https://business.columbia.edu/ |
| Exams required | IELTS, GPA |
Kellogg School of Management
The Kellogg School of Management at Northwestern University offers an MBA program emphasizing collaborative leadership and experiential learning. Students can choose from various pathways to tailor their educational experience.
| Address | 2211 N Campus Dr, Evanston, United States |
|---|---|
| Year Founded | 1908 |
| Tuition Fees | $83,600 per year or 70 lakh INR |
| Global QS Ranking | 12 |
| Programs offered | General MBA, MBAi, MBA+MS Design, JD MBA, MD MBA, Management, Executive |
| Phone number | +18474913300 |
| Official Site | https://www.kellogg.northwestern.edu/ |
| Exams required | IELTS, Essay |
Eligibility for MBA in the USA
- GRE or GMAT minimum of 650
- Analytical Writing assessment
- A four-year Bachelor’s degree or similar qualification with a minimum GPA of 3.0
- Academic transcripts
- English proficiency test score of TOEFL 109,
- IELTS 7.5 band score
- Resume
- 2 to 8 years of work experience
- Letters of Recommendation
- Essays
How long is an MBA Degree in USA?
- Executive MBA: Executive MBA is study with work experience. It is corporate and professional. This program spans around 12 to 24 months
- Part-Time MBA: If you want to continue working as a professional, you can study part-time. Part-time MBA spans longer than Full-time MBA, around 2 to 3 years.
- Accelerated MBA: This MBA program is flexible, a two year full time study is designed to be completed in 12 months.
Cheapest MBA in the USA for Indian Students
Some affordable MBA colleges in the US are:
- University of South Dakota: INR 16 lakhs (USD 19000)
- Southeast Missouri State University: INR 11 lakhs (USD 13000).
- Central Michigan University: INR 12 lakhs (USD 14300)
- University of Buffalo: INR 28 lakhs (USD 33379)
- Missouri State University: INR 25 lakhs (USD 29802)
- San Francisco State University: INR 16 lakhs (USD 19000)
- Minnesota State University: INR 11 lakhs (USD 13000)
- Cameron University: INR 22 lakhs (USD 26000)
MBA Scholarships in the USA for Indian Students
| Scholarship | Value | Criteria |
|---|---|---|
| Stanford Knight Hennessy Scholars Program Fellowship | Tuition fee, stipend, travel fare to and from USA | Stanford Leadership, high achieving students |
| Harvard Business School Scholarship | 40,000 dollars (33 lakhs INR) | Previous work experience, financial need |
| McKinsey Award | 10,000 dollars (8 lakhs INR) | Undervalued leaders, talent |
| Wharton Fellowship Program | Full Tuition Fee | Merit, financial need, academics, leadership, community, extracurricular activities |
| Bold Fellows Fund | 15,000 to 30,000 dollars (INR 12 to 25 lakhs) | Financial need, diversity, inclusion, low economic conditions |
Jobs and Salaries after Best MBA Programs in the USA
The top MBA Jobs in USA and MBA salary in USA are:
| Position | Average MBA Salary |
|---|---|
| Operations Research Analyst | 71,97,000 INR |
| Financial Advisor | 80 lakh INR |
| Human Resources Manager | 1 crore 9 lakh INR |
| Medical and Health Services Manager | 88 lakhs |
| IT Manager | 1 crore 37 lakh INR |
US Student Visa Application and Work Permit
The requirements for USA study visa requirements are:
- Proof of enrollment provided by the institution
- The university should be approved by the Student Exchange Visitors Program (SEVP)
- English proficiency test like IELTS, TOEFL
- Proof of funds
- Valid passport
- Printed confirmations of DS 160/ I 901 SEVIS payment
- Proof of Bachelor’s or equivalent degree
- I-20 form
- Photographs
- Academic transcripts
PSW Work Permit in the USA
The work visa requirements are as follows:
- Proof of degree or qualification
- A job offer from an employer with the degree in the field of the job
- 10-dollar application fee
- A shown lack of US applicants for the job
- A Labor Condition Attestation
- If selected, the employer will pay the government fee and submit the form I 129.