MBA in USA
December 2014
Why study MBA in the USA?
Students should consider pursuing an MBA in USA for the reasons mentioned below:
- International Standing: MBA programs in the USA are internationally acknowledged and valued.
- State-of-the-art Syllabus: Cutting-edge coursework with an emphasis on practical skills and current market trends.
- Adaptability and Specializations: Possibilities to customise your MBA to personal interests and professional objectives.
- Diverse Educational Setting: Exposure to varied viewpoints, cultures, and sectors.
- Leadership Enhancement: Focus on improving leadership and management abilities.
- Entrepreneurial Environment: Availability of ample resources and encouragement for establishing a business.
- Internship and Employment Possibilities: Plenty of internship and employment prospects with leading businesses.
- Possibilities for Networking: Access to an extensive alumni and professional network.
- Career Enhancement: Improved career prospects and possibilities for increased pay.
- Personal Development: Possibility for individual growth and development in a demanding atmosphere.
Types of MBA in USA
Mentioned below are the different types of MBA in USA for Indian Students:
- Full-time MBA
- Part-time MBA
- Executive MBA
- Online MBA
- Dual MBA/JD
- Dual MBA/MS
- Specialized MBA
Best MBA Colleges in USA
The top 10 MBA colleges in USA for Indian students are listed in the table below:
- Stanford Graduate School of Business
- The Wharton School, University of Pennsylvania
- Kellogg School of Management, Northwestern University
- Chicago Booth School of Business
- MIT Sloan School of Management
- Harvard Business School
- Haas School of Business, UC Berkeley
- Yale School of Management
- Tuck School of Business, Dartmouth College
- Columbia Business School
Few of the Top Schools for MBA in USA
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A few of the top schools for MBA in USA are:
- Hult International Business School
- University of South Florida
- Pace University
- Oregon State University
- St John's University
Top MBA Programs in USA
The top MBA programs in USA are mentioned in the table below:
- Executive MBA
- Part-time MBA
MBA specialisations in the USA
The different types of MBA specialisations in the USA that students can choose from are mentioned in the table below:
- Finance
- Healthcare Management
- Business Analytics
- Information Technology
- Operations/Supply Chain Management
- Accounting
- Project Management
- Marketing
- Human Resources
- International Business
- Technology Management
- Entrepreneurship
Application Process for MBA in USA
MBA programs with top schools usually have multiple deadlines. Always suggested to apply for the priority deadline.
Exams: GMAT score of 650 +
TOEFL iBT or IELTS score
Application Process:
- Application Form
- Attested marksheets
- Bachelor's Transcripts
- Statement of Purpose / Essay
- Three Professional Letters of Recommendation
- Resume
- Bank Letter
- Affidavit
Eligibility Criteria for MBA in USA
The MBA requirements in USA that students need to fulfill are mentioned below:
- Bachelor’s degree from an accredited university.
- Standardized tests scores viz., the GRE or GMAT (at times exempted for seasoned workers or those with outstanding undergraduate records).
- English language proficiency tests scores viz., the IELTS or TOEFL.
- Possess work experience (usually favoured, though not always necessary).
- A statement of purpose (SOP) or Essays.
- Recommendation letters.
- A curriculum vitae (CV) or resume.
- Students may be required to appear for interviews.
- Payment of application fees.
Documents Required to Study MBA in USA
Students aspiring to pursue an MBA degree in USA need to submit these documents:
- Filled-out application form
- Academic marksheets
- Scores of standardized tests viz., the GMAT or GRE
- Scores of English language proficiency tests viz., the IELTS or TOEFL
- Statement of Purpose (SOP)
- Recommendation Letters
- Curriculum Vitae (CV) or Resume
- Financial documentation (evidence of funds)
- Payment of Application fee
MBA Cost in USA
The MBA cost in the USA for a two-year program at a renowned business school in the country generally ranges from $50,000 to over $100,000.
MBA Fees in USA for Indian Students
The MBA fees in USA for Indian students according to each university is listed in the form of a bar graph mentioned below:
| University |
Fees (INR) |
| Stanford Graduate School of Business |
INR 66,47,986 |
| The Wharton School, University of Pennsylvania |
INR 72,73,159 |
| Kellogg School of Management, Northwestern University |
One Year MBA: INR 93,51,467 | Two Year MBA: INR 67,44,134 |
| Chicago Booth School of Business |
INR 67,39,639 |
| MIT Sloan School of Management |
INR 70,09,271 |
| Harvard Business School |
INR 62,35,920.41 |
| Haas School of Business, UC Berkeley |
INR 68,31,045 |
| Yale School of Management |
INR 68,42,780 |
| Tuck School of Business, Dartmouth College |
INR 58,14,000 |
| Columbia Business School |
INR 70,33,912 |
Cost of Living in USA
The average cost of living in the USA, depending on several categories is mentioned in the form of a pie chart mentioned below:
| Category |
Average Monthly Cost |
| Accommodation |
$1,200 - $3,000 |
| Food (Groceries) |
$300 - $600 |
| Education |
$900 - $2,000 annually |
| Transportation |
$150 - $300 |
| Healthcare |
$300 - $700 |
| Utilities |
$100 - $300 |
| Entertainment |
$100 - $300 |
| Entertainment |
$200 - $500 |
MBA Scholarships in USA
The different types of MBA scholarship in USA is as listed below:
- Stanford Reliance Dhirubhai Fellowship
- Reaching Out MBA Fellowship
- Robert Toigo Foundation Fellowship
- Fulbright Scholarship
- National Black MBA Association Scholarship
- Forté Foundation Fellowship
- QS Leadership Scholarship for MBA Study
- Prospanica Foundation Scholarship
- Poets & Quants MBA Scholarship
- Consortium for Graduate Study in Management Fellowship
Jobs After MBA in USA
MBA in USA for international students provides them with rewarding possibilities to immerse themselves in a varied corporate environment and acquire significant international viewpoints. Post completing an MBA in USA, students can take up any of the jobs mentioned below:
- Financial Analyst
- Business Development Manager
- Investment Banker
- Supply Chain Manager
- Management Consultant
- Entrepreneur
- Operations Manager
- Human Resources Manager
- Product Manager
- Marketing Manager
MBA in USA salary
Based on the particular profession, the location, sector, company and the individual’s degree of expertise, MBA in USA salaries for graduates differ substantially. The bar graph depicts the average monthly salary for MBA graduates in the USA:
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