Content Strategy Manager | Updated On - Jul 12, 2024
MBA in USA Highlights:
- Course Duration: MBA in USA is a 2-year full-time degree offered in 600+ universities in US.
- Top Universities: Some popular universities for MBA in USA include Stanford, MIT, Columbia, and Harvard University.
- Cost of Studying: The approximate cost of an MBA in USA for Indian students is INR 50 to 65 Lakhs. While the cost is high, the program offers a great return on investment.
- Popular Specializations: Indian students mostly choose MBA in Finance, Entrepreneurship, Operations Management, and Information Technology.
- Exams Required: To get admission to an MBA in USA, you must submit IELTS scores (minimum 6.5), GRE (300+), and a recommended 600 GMAT score.
- Career Opportunities: Indian MBA graduates in the USA find opportunities in diverse sectors like consulting (27%), finance (23%), and technology (19%), according to a report by the Graduate Management Admission Council (GMAC).
MBA in the USA is among the most popular study abroad options for Indian students, attracting tens of thousands of applicants from India each year. The course duration for a full-time MBA in US is 2 years. US universities prioritize experiential learning through co-op programs, giving you practical skills and a competitive edge. Whether you crave flexibility, a focus on STEM, or an accelerated program, the country offers different types of US MBA - online, part-time, STEM-focused MBAs, and executive MBA programs.
More than 50 MBA Colleges in USA are among the top B-Schools in the world, as per QS Rankings, with Stanford, MIT, and Harvard at the top.
- To get admission to the course, you must have a minimum GPA of 3.0 in your undergraduate degree and an IELTS score of 6.5.
- While top B-schools in the US require GMAT (600+) or GRE scores (300+) with at least 3 years of work experience, there are options even if you don’t meet the requirements.
- Some universities like Kellogg School of Management and Columbia Business School offer MBA in USA without GMAT.
An MBA in the US is a significant financial commitment for Indian students, with costs ranging from ₹70 lakhs to ₹1.8 crores per year. However, it leads to a significant return on investment with the increasing demand for MBA graduates that remains strong even during economic fluctuations in the country. The Fall intake, starting in August, is the most popular choice for Indian students due to its convenient timing for Indian students completing their undergraduate in India. Products and services, technology and consulting are top industries offering jobs after MBA in USA with Indian students earning INR 1.09 crore per year.
Check: MBA in USA deadlines before applying.
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Top Universities for MBA in USA
US universities are renowned worldwide for their quality education, tie-ups with industry leaders and a focus on practical learning. Some top B-schools in US for MBA in USA for Indian students are –
| QS Global MBA Rankings 2024 | University | Acceptance Rate | Fall 2024 Application Deadlines |
|---|---|---|---|
| 1 | Stanford Graduate School of Business | 7% | 10 September 2024 |
| 2 | Wharton School, University of Pennsylvania | 9% | 4 September 2024 |
| 3 | Harvard Business School | 12% | 4 September 2024 |
| 6 | Massachusetts Institute of Technology (MIT) Sloan School of Management | 14% | 30 September 2024 |
| 7 | Columbia Business School | 18% | 10 September 2024 |
| 12 | Northwestern University - Kellogg School of Management | 20% | 11 September 2024 |
| 13 | University of California, Berkeley (Haas) School of Business | 13% | 14 September 2024 |
| 14 | University of Chicago Booth School of Business | 24% | 19 September 2024 |
| 16 | Yale School of Management | 24% | 10 September 2024 |
| 17 | New York University (NYU) Stern School of Business | 27% | 16 September 2024 |
Check out: MBA acceptance rate for the top US business schools
In the US education system, there are three types of universities: highly ambitious, moderate and safe.
- Highly ambitious universities have higher entry requirements and lower acceptance rates. For example, Stanford University is a highly ambitious university with an acceptance rate of 7%.
- Moderate universities have moderate entry requirements and acceptance rates - University of Washington is a moderate university with an acceptance rate of 46%.
- The safe universities have the highest acceptance rates, where meeting the general admission requirements will get you admission.
Specializations for MBA in USA
Another factor that may affect the choice of the best university in America for MBA is the specialization you want to opt for. The most popular specializations among Indian students are -
| 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 University |
| 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 |
| MBA in Business Analytics | University of Pennsylvania, New York University, University of Michigan, Boston University, University of Virginia |
Types of MBA in USA
The Universities in USA offer a broad spectrum of MBA programs that are comprehensive and flexible for Indian students. The different types of the MBA programs in America are tabulated below:
| Types of MBA | Description | Colleges |
|---|---|---|
| Full-Time MBA | 2-year program for students seeking an immersive on-campus MBA experience | Stanford, Harvard, UPenn, Chicago-Booth, MIT |
| Executive MBA | For working professionals – weekend or short intensive sessions. | UPenn Wharton, MIT, Yale, Northwestern |
| Part-Time MBA | For working professionals – classes held in the evening or weekends. | MIT, Harvard, Stanford, Columbia University |
| Online MBA | For flexibility, – pursue an MBA degree from anywhere at any time. | Indiana University, University of North Carolina, University of Florida |
| Early Career MBA | For students with limited work experience who want to fast-track their business career. | Chicago-Booth, UPenn Wharton, UCLA |
| Global MBA | Designed for students interested in pursuing a career in the global marketplace. | Harvard, New York University |
MBA Requirements in USA
Eligibility criteria for MBA colleges in USA vary in terms of GPA, deadlines, TOEFL-iBT score, and work experience. Thus, it becomes important for Indian applicants to start planning their studies at least 1.5 years in advance to allow themselves sufficient time for visa processing upon acceptance.
Eligibility for MBA in US
Some basic criteria for an Indian student to be eligible for admission to MBA in USA are:
- Completion of 16 years of education: You need a 10+2+4 education with completion of a bachelor's program.
- Standardized Exams Scores: Qualifying for top business schools in USA will mostly require you to have a GMAT score. Some universities may accept GRE equivalents.
- GMAT Score: 600+
- GRE Score: 300+
- Language Proficiency Scores: Indian applicants must submit the scores of TOEFL, IELTS, PTE or equivalent to prove their English Language proficiency.
- IELTS: Minimum 6.5
- Work Experience: To study MBA in America, applicants need a minimum work experience of 3 to 5 years.
Check: MBA in USA without work experience
Documents Required to Study MBA in USA
Indian students planning to study MBA in US are required to submit a few additional documents:
- Academic Transcript
- Letters of Recommendation
- Resume
- Statement of Purpose for MBA
- Cover Letter
USA Student Visa
Indian MBA students need an F-1 visa to study full-time in the US. Apply after receiving your I-20 form from the university and pay the SEVIS fee. Attend your USA Student Visa interview to showcase strong ties to India and clear study plans.
MBA in USA: Admission Requirements at US Business Schools
Apart from academic qualifications, you need to have qualifying scores in exams to study in USA.
| USA B-Schools | Minimum GPA | GMAT Score | Work Experience |
|---|---|---|---|
| Stanford Graduate School of Business | 3.7 | 738 | 5 years |
| Harvard Business School | 3.7 | 740 | 4.9 years |
| Wharton School | 3.6 | 728 | 5 years |
| MIT Sloan School of Management | 3.6 | 730 | 5 years |
| Columbia Business School | 3.6 | 727 | 5.6 years |
| Haas School of Business | 3.5 | 710 | 4.5 years |
| Chicago Booth | 3.6 | 730 | 5 years |
| Anderson School of Management | 3.4 | 710 | 5.7 years |
| Kellogg School of Management | 3.7 | 731 | 5 years |
| Yale School of Management | 3.6 | 720 | 5.1 years |
| Stern School of Business | 3.6 | 732 | 5.2 years |
| Ross School of Business | 3.4 | 715 | 6.1 years |
| Fuqua School of Business | 3.3 | 700 | 4.5 years |
| Johnson College of Business | 3.3 | 710 | 5.5 years |
| Questrom Business School | 3.3 | 683 | 6 years |
MBA Cost in USA
The overall cost of MBA in USA for an Indian student includes the tuition fees and the cost of living in the country.
MBA Fees in USA for Indian Students
Tuition Fees for MBA in USA range from USD 45,000 to USD 77,000 (36.78 Lakhs INR- 62.94 Lakhs INR) per year. However, an MBA degree at the top-10 Business schools may cost over 1 Cr. There are a few affordable MBA colleges in USA for Indian students offering the program at a lower cost. Following are the tuition fees of the best universities for MBA in USA.
| University | Annual Tuition Fees (USD) | Annual Tuition Fees (INR) |
|---|---|---|
| Stanford Graduate School of Business | 82,455 | 66 lakhs |
| Harvard Business School | 74,910 | 62 lakhs |
| Wharton School | 87,370 | 72 lakhs |
| MIT Sloan | 82,000 | 68 lakhs |
| Columbia Business School | 84,496 | 70 lakhs |
| Haas School of Business | 82,059 | 68 lakhs |
| Chicago Booth School of Business | 80,961 | 67 lakhs |
| Anderson School of Management | 78,350 | 65 lakhs |
| Kellogg School of Management | 81,015 | 67 lakhs |
| Yale School of Management | 82,200 | 68 lakhs |
| Stern School of Business | 84,180 | 69 lakhs |
| Ross School of Business | 75,392 | 62 lakhs |
| Fuqua School of Business | 75,000 | 62 lakhs |
| Johnson College of Business | 79,910 | 66 lakhs |
| Boston Business School | 63,798 | 52 lakhs |
Some affordable B-Schools for Indian students in US are –
- University of South Dakota: $18,500.
- Cameron University: $19,000
- Southeast Missouri State University: $21,000
Cost of Living in USA
The average cost of living in USA for an Indian student can vary greatly depending on the city and state they choose to live in, and their lifestyle. However, the average cost of living in USA is:
| Expense Type | Average Annual Expense (USD) | Cost for Indian Students (INR) |
|---|---|---|
| Accommodation | 16,000 | 13 lakhs |
| Meals | 4,700 | 3 lakhs |
| Transportation | 810 | 67,400 |
| Health Insurance | 4,100 | 3 lakhs |
| Personal Expenses | 3,900 | 3 lakhs |
| Total | 29,700 | 24 lakhs |
Recent Updates:
The expenditure to study MBA in USA is likely to increase by 2025 according to the recent growth rate of Indian students going abroad for higher education. Discover the trends and projections that reveal Indian students planning to study abroad by 2025 are likely to spend around 70 billion USD!
MBA in USA with Scholarships
Mentioned below are some of the MBA scholarships in USA for Indian students. Some of the scholarships are merit-based while some are need-based. Some scholarships are one-time stipend-based, while others are based on tuition fee reductions. These will help you to bear the MBA price in USA.
| Business School | Scholarship Name | Award Amount (USD) |
|---|---|---|
|
Harvard Business School |
Forte MBA Fellowships | Up to 25,000 USD |
| Need-Based Tuition Assistance | 46,000 USD per year, or 92,000 USD total | |
| Stanford Graduate School of Business | Knight-Hennessy Scholars Program | Full tuition for up to 3 years | Stipend for living and academic expenses, and a travel stipend |
| Wharton School | Joseph Wharton Fellowships | Variable |
| Columbia Business School | Meyer Feldberg Distinguished Fellowship Program | USD 100,000 |
|
Haas School of Business |
Haas Global Impact Scholarship | Full tuition |
| Dr. Tahir Fellowship | Variable | |
| University of Chicago Booth School of Business | Social Impact Fellowship | Full tuition |
| Yale School of Management | Schwarzman Scholars Program | Full tuition |
| NYU Stern School of Business | William R. Berkley Scholarship | 10,000 USD |
| Fuqua School of Business | Merit Scholarships | Partial or Full Tuition Coverage |
| Boston Business School | Dean’s Scholarships | 10,000 USD or Full tuition coverage |
MBA in USA Salary
As per the BLS, USA, a 23% rise in demand for various business and related roles will create around 911,400 new opportunities by 2032. Some of the top recruiters are- Amazon, Apple, Deloitte, Goldman Sachs, JP Morgan, McKinsey, etc giving jobs after MBA in America. Mentioned below are the jobs offered to MBA Graduates according to their MBA specialization.
| Program | Job Profile | Average Salary (USD) | Average Salary in INR |
|---|---|---|---|
| MBA General Management | Business Development Director, Project Manager, Operations Manager | 122,737 | 1.02 Crore |
| MBA Finance | Financial Analyst, Finance Manager, Accounting Manager | 107,658 | 89.90 Lakhs |
| MBA Human Resource | HR Manager, HR Generalist, HR Specialist | 76,000 | 63.49 Lakhs |
| MBA Marketing | Marketing Director, Product Manager, Marketing Manager | 99,000 | 82.70 Lakhs |
The US dominates the global MBA market, graduating over 125,000 job-ready candidates annually. An MBA can be your stepping stone with alumni landing positions in Silicon Valley tech giants or Wall Street financial institutions. However, pursuing the course requires acknowledging its challenges as well. Indian students may face visa restrictions hindering their entry into the workforce. Cultural differences can also pose challenges during the academic and professional integration process. US universities are now providing support to international students to tackle these challenges. An MBA in USA offers a significant return on investment with growing career opportunities.
FAQs
Ques: How much does an MBA in USA cost?
Ans: The average tuition for a 2-year MBA in USA exceeds 50 lakhs annually. Tuition and fees for attending any of the top MBA colleges in USA might cost up to 75 lakhs or more. The tuition fee in some of the top universities for MBA in USA is:
| University | Annual Tuition Fees (USD) | Annual Tuition Fees (INR) |
|---|---|---|
| Graduate School of Business | 79,860 | 66 lakhs |
| Harvard Business School | 74,910 | 62 lakhs |
| Wharton School | 87,370 | 72 lakhs |
| MIT Sloan | 82,000 | 68 lakhs |
| Columbia Business School | 84,496 | 70 lakhs |
Ques: Who is eligible for an MBA in USA?
Ans: The eligibility for MBA in US involves evaluating an applicant on various factors. Some of the basic criteria that an international student must be eligible for are tabulated below:
| Education | 10+2+4 education or complete a four-year bachelor's program |
| Standardized Exams Scores | Good GMAT score (700 average). Some universities may accept GRE equivalents |
| Work Experience | Minimum 3 to 5 years |
| ELP | IELTS: 7.0 | TOEFL iBT: 100 |PTE: 54 |
| Documents | Letters of Recommendation | Resume | Statement of Purpose for MBA | Cover Letter | USA Student Visa |
Ques: Can I get a job in USA after MBA?
Ans: Yes. MBA graduates in USA are some of the fastest in terms of securing employment. According to U.S. News and World Report, the average employment rate of MBA graduates in USA was 86.4% within 3 months of graduation. Some of the popular companies providing jobs in USA to international MBA graduates are
- Accenture
- Amazon
- Deloitte
- JPMorgan Chase & Co
- Walmart
- Citibank
Ques: How many years is MBA in USA?
Ans: Full-time MBA programs typically take two years to complete, while part-time and executive MBA programs can take three to four years to complete. Some schools offer accelerated programs and students can also choose a one-year MBA in USA.
Ques: Can I get PR in USA after MBA?
Ans: After completing an 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. You can also check out what to do after studying in USA to explore some other exciting opportunities!
Ques: What is the average age of MBA students in the USA?
Ans: The average age of MBA students in the USA varies by program type. According to the Graduate Management Admission Council, the average age of full-time MBA students in USA is around 28 years. The average age of Executive MBA students in USA is 38 years.
Ques: Which MBA is in demand in USA?
Ans: According to the Graduate Management Admission Council, some of the most popular specializations within MBA programs in the USA include:
- Finance
- Consulting
- Marketing
- Operations/Logistics
- Entrepreneurship
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