MBA in Biotechnology in USA is a 1-2 year postgraduate program for students with a background in medicine, science or entrepreneurship. It typically covers subjects like Biochemistry, Drugs & Disease, Entrepreneurship in Biotechnology, MBA Business Foundations, Accounting, and Financial Reporting
The basic admission requirements of the top universities in USA for MBA Biotechnology is a bachelor’s degree in science or business, with a minimum GPA of 3.0 on a 4.0 scale or an overall aggregate of 85%, and at least two years of relevant work experience. A degree in MBA Biotechnology from the USA provides excellent career opportunities in companies like Pfizer, Amgen, Gilead Sciences, Regeneron, AbbVie, and Moderna.
The average tuition fees for MBA in Biotechnology in USA is 70,871 USD (57.58 lakhs INR). The estimated average salary of an MBA in Biotechnology graduate in USA is 93,000 USD (76.19 lakhs) per annum.
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MBA in Biotechnology in USA: Highlights
| Degree Types |
MBA in Biotechnology |
| Course Duration |
1-2 years |
| Program Types |
Full-Time, |
| Intake Seasons |
Fall, |
| Admission requirements |
BA or BS in Science, Engineering or related fields, |
| English Proficiency |
Minimum overall band score of 6.5 in IELTS |
| Tuition Fee |
34,980 to 119,380 USD (28.66 to 97.81 lakhs INR) |
| Average Salary |
93,000 USD per annum (76.19 lakhs INR) |
Top Universities for MBA in Biotechnology in USA
Some of the top universities in USA for MBA Biotechnology, along with the programs offered and application deadlines are listed below:
| University | Program | Application Deadline | Tuition Fee (USD) |
|---|---|---|---|
| Harvard University | MBA in Biotechnology: Life Sciences | Round 1: September 7, 2022 (Applications closed) Round 2: January 4, 2023 |
84,445 |
| Columbia University | MA in Biotechnology | March 2, 2023 | 71,872 |
| Johns Hopkins University | MBA/MS Biotechnology | Accepted on a rolling basis | 119,380 |
| University of Maryland | M.P.S Biotechnology | December 1, 2022 | 34,980 |
| University of Colorado | MBA/MS Bioengineering | December 15, 2022 | 43,680 |
What is an MBA in Biotechnology?
The MBA in Biotechnology is a 1-2 year postgraduate program that majorly focuses on a variety of topics including business skill development, human resource management, simulation and optimization in biotechnology, basic introduction to the life sciences, biotechnology, and bioinformatics. Graduates of an MBA in Biotechnology have a wide range of job opportunities. They can become Scientists, Biotechnology Experts, Research Assistants, Lab Technicians, Industry Analysts, Quality Control Managers, Biotechnology Patent Analysts, and Assistant Professors.
Why Pursue an MBA in Biotechnology in USA?
- According to the QS World Rankings 2023, the top universities in USA offering MBA in Biotechnology like Harvard University and Columbia University are ranked among the top universities in the world.
- Many job opportunities are available after earning a degree in MBA in Biotechnology, with an average starting salary of 93,000 USD per annum (76.19 lakh INR)
- Some of the top companies in the USA hiring MBA Biotechnology graduates include Pfizer, Amgen, Gilead Sciences, Regeneron, AbbVie, and Moderna
- According to the U.S. Bureau of Labor Statistics, the employment of bioengineering graduates and biomedical engineers is projected to grow 10% from 2021 to 2031, faster than the average for all occupations.
- Universities have leading facilities for academic support, including labs, libraries, and practice areas. They provide students with access to the most latest technology and cutting-edge learning environment.
- USA is home to different cultures, races, and ethnicities that coexist in harmony. Due to its diversity, there is no room for discrimination of any kind, and acceptance of all communities is guaranteed.
MBA in Biotechnology in USA: Specializations and Subjects
MBA in Biotechnology focuses primarily on the business and managerial aspects of the biotechnology sector. It combines several academic fields and gives you a solid foundation in business and biotechnology. Some of the most common subjects in an MBA in Biotechnology program in USA include:
- Biochemistry
- Biotechnology
- Drugs & Disease
- Entrepreneurship in Biotechnology
- Biotechnology Law
- BioPharmaceutical Development & Regulation
- Cellular Biology
- Molecular Biology
- MBA Business Foundations
- Accounting and Financial Reporting
- Business Analytics
- Business Communication
- Strategic Management
- Leadership and Organizational Behavior
MBA in Biotechnology in USA: Admission Requirements and Eligibility
Majority of the top universities in USA require a Bachelor’s degree in science, medicine, or related fields for admission to the MBA in Biotechnology program. You also need to demonstrate excellent proficiency in English via a minimum IELTS score of 6.5. Some of the top universities offering MBA in Biotechnology in USA are listed below:
| University | Admission Requirements | Minimum IELTS* Score |
|---|---|---|
| Harvard University |
|
7.5 or more |
| Columbia University |
|
7.5 or more |
| Johns Hopkins University |
|
Minimum overall band score of 7.0 |
| University of Maryland |
|
Minimum score of 7.0 |
| University of Colorado |
|
Minimum overall band score of 6.5 |
*For IELTS preparation tips, click here.
MBA in Biotechnology in USA: Eligibility Criteria
The basic requirements while applying for MBA Biotechnology in the USA are as follows:
- Bachelor’s degree in engineering or related fields
- Minimum GPA of 3.0 on a 4.0 scale
- English Proficiency Test Scores; IELTS or TOEFL
- At least 1-2 years of work experience
- 2-3 Letters of Recommendation
- Updated Resume/CV
- Essay Questions
- Official transcripts
- Valid Passport
- Student Visa
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MBA in Biotechnology in USA: Cost
Other than the tuition fee, international students are also required to cover pre-arrival costs like visa application fees, IELTS/TOEFL fees, and living expenses while studying abroad in the United States. It is always preferable to be aware of the costs involved and optimize the budget ahead of time to ensure a smooth experience. Given below is the detailed breakdown for the cost of studying in USA.
MBA in Biotechnology in USA: Pre-Arrival Costs
| Expenses | Cost (USD) | Cost (INR) |
|---|---|---|
| Visa Application Fee | 160 | 13,000 |
| IELTS Fee | 193 | 15,750 |
| TOEFL Fee | 190 | 15.436 |
| Health Insurance | 1,250 | 1,01,555 |
MBA in Biotechnology in USA: Tuition Fees
The tuition fees for a MBA in Biotechnology in USA in some of the top universities in USA is as follows:
| University | Tuition Fee (USD) | Tuition Fee (INR) |
|---|---|---|
| Harvard University | 84,445 | 69.18 lakhs |
| Columbia University | 71,872 | 58.88 lakhs |
| John Hopkins University | 119,380 | 97.80 lakhs |
| University of Maryland | 34,980 | 28.65 lakhs |
| University of Colorado | 43,680 | 35.78 lakhs |
Cost of Living in USA
The estimated expenditure and cost of living in USA for an international student is estimated to be 1,000 to 1500 USD (0.81 to 1.22 lakhs INR) per month. The following table demonstrates the average monthly expense to be expected by an international student in USA:
| Expense Type | Average Cost (USD) | Cost Equivalent for Indian Students (INR) |
|---|---|---|
| Accommodation | 1 bedroom apartment rent: 500 | 40,700 |
| 3 bedroom apartment rent: 1500 | 1.22 lakhs | |
| Electricity | 50 to 100 | 4,070 to 1,750 |
| Gas | 10 to 15 | 800 to 1,220 |
| Transport | 500 | 40,700 |
| Internet | 45 to 50 | 3,670 to 4,070 |
| Mobile Network | 50 to 100 | 4,070 to 1,750 |
| Miscellaneous | 75 | 6,110 |
MBA in Biotechnology in USA: Scholarships
Numerous scholarships are offered by the government and top universities in USA to international students who are in need of financial assistance to pursue a degree in MBA in Biotechnology in USA. Following is the list of some of the popular scholarships in USA for international students:
| Scholarships | Eligibility | Award Details |
|---|---|---|
| HBS Scholarship | Need-based funding | Approximately 42,000 USD per year |
| Asian Women in Business Scholarship | A minimum GPA of 3.0 on a 4.0 scale | 2,500 USD |
| Gunvant and Bharati Parekh College Scholarship | Indian citizen with a student visa for the USA, excellent academic performance | 1,000 USD |
If you are a probable aspirant from India, check out the various scholarships and awards designed specifically for Indian students seeking to study in the USA.
MBA in Biotechnology in USA: Placements
Post completion of MBA in Biotechnology in USA, students can work in various sectors and areas like Educational Departments, Chemical Industry, Pharmaceutical Companies, Research Laboratories, Global Biotech, and Healthcare. Some of the most common job positions after an MBA in Biotechnology in USA are as follows:
| Positions | Average Salary (USD) | Equivalent Salary (INR) |
|---|---|---|
| Clinical Trial Manager | 90,275 | 73.97 lakhs |
| Principal Scientist | 112,718 | 92.36 lakhs |
| Research Scientist | 73,969 | 60.61 lakhs |
| Biotechnology Expert | 68,564 | 56.18 lakhs |
| Quality Assurance Manager | 82,989 | 68 lakhs |
| Assistant professor | 64,366 | 52.72 lakhs |
| Lab Technician | 68,700 | 56.27 lakhs |
MBA in Biotechnology in USA: Return on Investment
The top universities in USA demonstrate significant returns on investment following an MBA in Biotechnology in USA. The ROI of some of the top universities is given below:
| University | Tuition Fee (USD) | Average Salary (USD) |
|---|---|---|
| Harvard University | 84,445 | 95,000 |
| Columbia University | 71,872 | 88,000 |
| University of Maryland | 34,980 | 80,000 |
| University of Colorado | 43,680 | 75,000 |
MBA in Biotechnology in USA: College Comparison
| Categories | Harvard University | Columbia University |
|---|---|---|
| QS World Rankings 2023 | 5 | 22 |
| Admission Requirements | Official Transcripts, Essay, 2 LORs, Resume/CV |
BA or BS in biology or related fields, Resume/CV, 3 LORs |
| IELTS | 7.5 or more | 7.5 or more |
| Tuition Fee (USD) | 84,445 | 71,872 |
| Average Starting Salary (USD) | 95,000 | 88,000 |
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FAQs
Ques.What is the estimated fee for studying MBA in Biotechnology?
Ans.The average tuition fees for MBA in Biotechnology in USA is 70,871 USD (57.58 lakhs INR).
Ques.Which are the best MBA in Biotechnology universities in USA?
Ans.Harvard University and Columbia University are the two top-ranked universities offering MBA in Biotechnology in USA. This postgraduate program is also available at top universities in the USA like John Hopkins University, University of Maryland, and University of Colorado.
Ques.What are some of the common MBA in Biotechnology jobs?
Ans.Some of the most common jobs after an MBA in Biotechnology in USA are Research Scientist, Technical Assistant, Biotechnology Expert, Quality Assurance Manager, Assistant professor, and Lab Technician
Ques.Which are some of the top hiring companies for MBA in Biotechnology in USA?
Ans.Top companies hiring MBA in Biotechnology graduates in USA are Pfizer, Amgen, Gilead Sciences, Regeneron, AbbVie, and Moderna.
Ques.Is a master's degree in USA worth it?
Ans.The USA is home to prestigious and some of the best universities in the world, which are globally known for their vibrant campus life. You can also choose to participate in a variety of university activities by joining sports teams, clubs, volunteering, and numerous other student organizations. It also offers tremendous job opportunities after a masters degree due to the presence of most-mega companies and numerous MNCs.
Ques.What is the average salary after master’s in USA?
Ans.The average salary after a master's in the USA is 79,000 USD (64.36 lakhs INR) per annum, which makes it a highly preferred location for students seeking high salaries and a decent standard of living.
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