| Updated On - Jun 13, 2024
MBA in USA is available in 500+ colleges. The average tuition for a 2-year MBA in USA exceeds 50 lakhs annually. Tuition and fees for attending any of the top USA business schools might cost up to 75 lakhs or more. For Indian students, admission requirements for MBA in US colleges include an academic score of ~90% and GMAT score of 700+.
According to the US Department of Education, the USA is the world's largest MBA ecosystem with around 125,000 enrolled students on a yearly basis. The average base starting salary for MBA graduates is around 80 lakhs/year, according to the GMAC recruiter survey. MBA in Finance is one of the highest paying MBA specializations with a base salary of 95 lakhs. The highest-paying recruiters for MBA graduates in the USA include McKinsey, Goldman Sachs, and JP Morgan.
Explore More! Jobs after MBA in USA.
Top MBA Colleges in USA
More than 50 Business schools rank globally among the top business schools abroad for their MBA programs as per QS Rankings. Some of the top MBA colleges in USA are mentioned below:
| University | Check Course Details | Application Deadline | Annual Tuition Fees (INR) |
|---|---|---|---|
| Stanford University (Graduate School of Business) | MBA | Round 2: Jan 5, 2023 Round 3: Apr 11, 2023 |
63.50 lakhs |
| Harvard Univeristy (Harvard Business School) | MBA | Round 2: Jan 4, 2023 | 60.59 lakhs |
| University of Pennsylvania (Wharton) | MBA | Round 2: Jan 4, 2023 Round 3: Mar 29, 2023 |
70.02 lakhs |
| Massachusetts Institute of Technology (Sloan) | MBA | Round 2: Jan 18, 2023 Round 3: Apr 11, 2023 |
66.33 lakhs |
| Columbia University (Columbia Business School) | MBA | April 5, 2023 | 66.39 lakhs |
| University of California Berkeley (Haas School of Business) | MBA | Round 2: Jan 5, 2023 Round 3: Apr 6, 2023 |
55.63 lakhs |
| University of Chicago (Chicago Booth) | MBA | Round 2: Jan 5, 2023 Round 3: Apr 11, 2023 |
64.22 lakhs |
| University of California, Los Angeles (Anderson School of Management) | MBA | Round 2: Jan 4, 2023 Round 3: Apr 12, 2023 |
59.18 lakhs |
| Northwestern University (Kellogg School of Management) | MBA | Round 2: January 10, 2023 Round 3: April 5, 2023 |
64.58 lakhs |
|
Yale University (Yale School of Management) |
MBA | Round 2: Jan 5, 2023 Round 3 :Apr 11, 2023 |
65.59 lakhs |
| New York University (Stern School of Business) | MBA | Round 2: Jan 15, 2023 Round 3: March 15, 2023 |
67.92 lakhs |
| University of Michigan, Ann Arbor (Ross School of Business) | MBA | Round 2: Jan 9, 2023 Round 3: Apr 3, 2023 |
60.39 lakhs |
| Duke University (Fuqua School of Business) | MBA | Round 2: Jan. 5, 2023 Round 3: Mar. 28, 2023 |
59.20 lakhs |
| Cornell University (Johnson College of Business) | MBA | January Round: Jan 10, 2023 April Round: Apr 11, 2023 |
63.27 lakhs |
| Boston University (Boston Business School) | MBA | Round 2: Jan 5, 2023 Round 3: Mar 15, 2023 |
48.31 lakhs |
MBA in USA Course Highlights
| Colleges | 500+ colleges |
| Admission | Average GPA- 3.4 TOEFL iBT Score- 70 Average 5 years of Work Experience |
| MBA Specialization | MBA in General Management | MBA in Marketing | MBA in Human Resource Management | MBA in Finance |
| Average Tuition Fees | 60 lakhs INR/year |
| Average Salary | 70.25 lakhs INR |
Want to know more about MBA in USA? Watch the video and get detailed information about MBA in USA for international students
Types of MBA in the USA
Universities in USA offer a broad spectrum of MBA programs that are not only comprehensive but are highly flexible too. Types of MBA available in colleges of USA are:
- Full Time MBA Program: Available at Stanford, Harvard, UPenn, Chicago-Booth, MIT
- Executive MBA Program: Available at UPenn Wharton, MIT, Yale, Northwestern
- Part-Time MBA Program: Available at MIT, Harvard, Stanford, Columbia University
- Online MBA Program: Available at Indiana University, University of North Carolina, University of Florida
- Early Career MBA: Available at Chicago-Booth, UPenn Wharton, UCLA
- Global MBA: Available at Harvard, New York University
Specializations for MBA in USA
Another factor that may affect the choice of MBA program is the specialization you want to opt for. As per the QS MBA by Specialization Rankings 2021, the following USA universities grabbed the top positions for different MBA specializations offered. Given below are the popular specialization and various MBA colleges in USA ranking for those MBA specializations:
| MBA Specialization | University Name |
|---|---|
| MBA in General Management | Harvard University Stanford University Northwestern University University of Michigan–Ann Arbor Yale University |
| MBA in Marketing | Stanford University Northwestern University UCLA Harvard University Indiana |
| MBA in Human Resource Management | Northwestern University Vanderbilt University University of Michigan Brigham Young University Purdue University |
| MBA in Entrepreneurship | Babson College Stanford University Massachusetts Institute of Technology University of California, Berkeley University of Pennsylvania |
| MBA in Finance | University of Pennsylvania University of Chicago New York University Columbia University. Massachusetts Institute of Technology |
| Executive MBA | University of Chicago Northwestern University Columbia University New York University UC-Berkeley |
Also Read:
MBA Colleges in USA: Admissions
Eligibility criteria for MBA colleges in USA vary in terms of GPA, deadlines, TOEFL-iBT score, and work experience. Thus, it becomes imperative for international applicants to start planning their study at least 1.5 years in advance to allow themselves sufficient time for visa processing upon acceptance.
Intake for MBA in USA
There are mainly three admission intakes in USA-
- Fall Intake
- Spring Intake
- Summer Intake
However, Fall and Spring are the major semesters as only a few colleges offer summer intakes.
Basic Requirements MBA in USA
The eligibility criteria for studying MBA in USA involves evaluating an applicant on various factors. Some of the basic criteria that an international student must be eligible for are listed below:
- Completion of 16 years of education: This means that you need to have a 10+2+4 education or complete a four-year bachelor's program.
- Standardized Exams Scores: Qualifying for any of the business schools in the USA will mostly require you to have a good GMAT score. Some universities may accept GRE equivalents.
- Language Proficiency Scores: International applicants are required to submit the scores of IELTS or TOEFL for proving their proficiency in the English language.
- Work Experience: To study MBA in the USA, applicants are required to mostly have a minimum work experience of 3 years. However, this varies from university to university and with the type of MBA program chosen.
Also Check:
Documents Required to Study MBA in USA
International students planning to Study abroad are required to submit a few additional documents. Some of these are enlisted below:
- Academic Transcript
- GMAT/GRE scores
- Letters of Recommendation
- Resume
- Cover Letter
- Statement of Purpose
Also Check:
MBA in USA: Admission Requirements at US Business Schools
| University | Academic Requirements (GPA) | GMAT Score | Work Experience (average) | Language Proficiency | To Explore More about Admission |
|---|---|---|---|---|
| Harvard Business School | 3.7 (~90-92%) | 730 | 4.7 years | TOEFL: 109 | Click here! |
| Stanford Graduate School of Business | 3.7 | 730 | 4.6 years | TOEFL: 100 | Click here! |
| MIT Sloan School of Management | 3.6 (~89-90%) | 720 | 5 years | TOEFL: 90 | Click here! |
| UPenn (Wharton) | 3.6 | 730 | 5 years | TOEFL: 110 | Click here! |
| Kellogg School Of Management | 3.6 | 720 | 5 years | TOEFL: 110 | Click here! |
| Yale School of Management | 3.6 | 690 | 5 years | TOEFL: 110 (Recommended) | Click here! |
| Columbia Business School | 3.6 | 720 | 5 years | TOEFL: 110 (Recommended) | Click here! |
USA Student Visa
The F-1 Student Visa is usually offered to non-immigrants who are willing to pursue higher studies or research in the US. Also, student must the I-20 form from the enrolled university. The admitted students are not permitted to take up full-time employment, but they can work part-time jobs while studying in USA. Only 20 hours per week is permissible for working on-campus.
Cost to Study MBA in USA
The overall cost of MBA in USA includes the sum an international student will experience before leaving the home country to tuition fees and cost of living in the USA. Detailed in the sections below are certain such expenses of pursuing an MBA in the USA.
MBA Fees in USA for Indian Students
Tuition Fees for MBA in USA range from USD 45,000 to USD 77,000 (32.9 Lakhs INR- 58.5 Lakhs INR) per year. However, an MBA degree at the top-10 Business schools may cost over 1 Cr.
Also Check: Affordable MBA in USA for Indian Students
Cost of Living in USA
The average expense range of students in the USA is:
- Accommodation: 0.75 lakhs- 1.50 lakhs (Monthly)
- Meals: 0.02 lakhs- 0.03 lakhs (one-meal)
- Transportation: 0.07 lakhs- 0.22 lakhs (Monthly)
- Personal Expenses: 0.22 lakhs- 0.45 lakhs (Monthly)
- Health Insurance: 0.34 lakhs- 0.53 lakhs (Monthly)
Scholarships for MBA in USA
Mentioned below are some of the MBA scholarships in USA for international students.
| Business School | Scholarship | Award |
|---|---|---|
| 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 |
MBA in USA: Placements
As per the BLS, USA, a 23% rise in demand for various business and related roles will create around 138,000 new opportunities by 2024. Some of the top MBA recruiters in USA are- Amazon, Apple, Deloitte, Goldman Sachs, JP Morgan, McKinsey, etc. Mentioned below are the jobs offered to MBA Graduates according to their MBA specialization.
| Program | Job Profile | Average Salary in INR |
|---|---|---|
| MBA General Management | Business Development Director Project Manager Operations Manager |
67.58 lakhs |
| MBA Finance | Financial Analyst Finance Manager Accounting Manager |
70.29 lakhs |
| MBA Human Resource | HR Manager HR Generalist HR Specialist |
69.57 lakhs |
| MBA Marketing | Marketing Director Product Manager Marketing Manager |
72.51 lakhs |
ROI for Top MBA Colleges in USA
The return of investment is one of the most significant factors amongst Indian students studying MBA in USA. The table below presents the tuition fees against the annual salary offered to graduates of top b-schools in USA:
| Business Schools | 1st Year Tuition (in USD) | Annual Salary (in USD) |
|---|---|---|
| Harvard Business School | 81,374 | 150,000 |
| Stanford Graduate School of Business | 78,705 | 158,400 |
| Sloan School of Management | 82,600 | 148,075 |
| Haas School of Business | 81,341 | 149,000 |
| Chicago Booth | 80,203 | 155,000 |
| Columbia Business School | 86,289 | 180,000 |
| The Wharton School | 99,369 | 150,000 |
| Fuqua School of Business | 79,965 | 136,000 |
MBA from USA can cost you anywhere from around 170,000 to 220,000 USD as the overall fees. The cost of an MBA in the US for Indian students ranges around 1 crore or more. Even with such high costs, what makes the graduate schools of the USA stand out for business/management program seekers is that the US is the birthplace of the MBA program.
People Also Ask
Ques. How much will it cost to do MBA in USA?
Ans. The cost of an MBA in the USA is divided into three major components: pre-arrival costs, tuition fees, and living expenses. In terms of tuition, MBA in USA fees for Indian students exceed 50 lakhs per year. Furthermore, annual living expenses in the United States are in the range of 20 lakhs.
Ques. Is studying MBA in USA really worth it?
Ans. MBA graduates are in high demand in the United States. Placements are an important consideration when selecting the best MBA program in US. Corporates have traditionally preferred MBA graduates. An MBA in USA is held by 70% of senior managers and directors in large corporations. When compared to other degrees, this significantly increases your earning potential.
Ques. Is MBA in USA hard?
Ans. MBA in USA is only as difficult as you make it, and it is only as rewarding as you put into it. There is rarely any hand-holding in business. Either you become a competent business expert or you are surpassed by the competition.
Ques. Can I do MBA in USA for free?
Ans. It is difficult to study MBA for free in the United States; there are few schools that offer tuition-free programs. However, there are many universities that offer full scholarships to study MBA in the United States.
Ques. Do international students get job after MBA in USA?
Ans. It is difficult to study MBA for free in the United States, as there are few universities that offer tuition-free programs. However, a number of top business schools offer scholarships to deserving candidates so they can pursue an MBA in the United States. Some of these universities also provide full scholarships for MBA in the United States to Indian students.
Ques. Which MBA is in demand in USA?
Ans. The most in-demand MBA in USA are finance, project management, consulting, strategy, and business analytics. Employers, on the other hand, hire MBA graduates with a wide range of specialisations because each degree type is suited to different roles.
Ques. Which exam is required for MBA in USA?
Ans. The GMAT is a business school entrance exam that determines your suitability for an MBA program. International students must also submit TOEFL iBT scores to prove English proficiency.
Ques. How long is an MBA in USA?
Ans. Full-time MBA programs in USA typically last two years, but many also offer one-year, accelerated options. Part-time MBA programs give students the option of attending evening and/or weekend classes to accommodate their busy schedules.
Ques. Is it better to do MBA or MS in USA?
Ans. While the MBA is suitable for students from any academic or professional background seeking greater career flexibility, management roles, or business ownership, Masters programmes are preferable for students seeking specialised knowledge in a specific area.
Ques. How much is the cheapest MBA in USA?
Ans. One of the most affordable universities for MBA in USA is Northeastern State University with an annual tuition fee of 9.18 Lakhs, followed by, Iowa State University and The University of Hawaii at Manoa, with annual tutiion fee of 10.85 Lakhs 11.57 Lakhs respectively.
Ques. Can MBA student get PR in USA?
Ans. After completing MBA in USA, graduates are eligible for optional practical training (OPT), which is a 12-month period during which you can stay and work in the United States. This enables you to work in any industry related to your field of study.
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