MBA in USA for Indian Students: Courses, Colleges & Fees

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Piyush Kohli Study Abroad Expert
Updated on Apr 22, 2022 13:46 IST

There are around 553 MBA universities in the USA. Out of these around 288 universities are publicly funded while 265 are privately owned universities. MBA in USA is one of the most sought-after courses among international students. According to the US Department of Education, the USA is the largest MBA market in the world with more than 1,25,000 students pursuing their MBA annually. The big number should not discourage you as the size of the US economy absorbs the number of MBA graduates looking for better opportunities.

MBA in USA highlights

Factors

Particulars/Statistics

Total no. of MBA colleges in USA

550 approx

MBA cost in USA

Living expenses: Rs 27 L (Approx. for one year)

Tuition fees: Rs 8 L (Approx. for one year)

Top Specializations

MBA in Finance, MBA in Entrepreneurship, MBA in Operations Management, MBA in Consulting, MBA in

Information Systems/Information Technology

Exams required

GMAT, GRE, IELTS, TOEFL

MBA in USA is one of the most sought-after destinations for international students is a cliché! Everyone knows that the USA is the topmost choice for students looking to pursue MBA abroad. With home to the highest number of top business schools in the world, US is a no-brainer for those looking to make big in their professional journey. You can look at any prominent ranking publisher, QS, THE, or FT (Financial Times), USA houses the maximum number of top MBA programs worldwide.

Types of MBA in USA

When we say about the types of MBA then people tend to relate it to full-time MBA. However, there are other MBA degrees as well like part-time MBA and online E-MBA degrees. Some of the different types of MBA programs are mentioned below.

Full-time MBA

A full-time MBA program is offered to students pursuing the degree on campus. Many of the two-year MBA programs are recognized under STEM degrees

Part-time MBA

Professionals who are pursuing the MBA program while continuing with their jobs/work prefer these.

Executive MBA

This is a popular MBA degree for experienced professionals who wants to move ahead in their career and wants to gain an advanced level degree. Some EMBA degrees are recognized as STEM degrees.

Online MBA

This form of MBA degree is quite popular among professionals these days as they can study it from their home while making their schedule.

Top 10 MBA Colleges in USA according to QS Rankings

Here is a list of the top full-time MBA programs in the USA by QS.

Colleges

Rank

Stanford Graduate School of Business

1

Harvard Business School

2

Penn (Wharton)

2

MIT (Sloan)

4

Columbia Business School

5

UC Berkeley (Haas)

6

Chicago (Booth)

7

UCLA (Anderson)

8

Northwestern (Kellogg)

9

Yale School of Management

10

(Source: QS)

Top MBA programs according to US News

Here is a list of popular business schools in the USA as ranked by US News (2022).

Colleges

Rank

Stanford University

1

University of Pennsylvania (Wharton)

2

University of Chicago (Booth)

3

Northwestern University (Kellogg)

4

Harvard University

5

Massachusetts Institute of Technology (Sloan)

5

Columbia University

7

University of California--Berkeley (Haas)

7

Yale University

9

Dartmouth College (Tuck)

10

Read more

Sample SOP for MBA

Top 10 MBA colleges in US

MBA Colleges: India v/s abroad

10 Most Affordable MBA Colleges in US

MBA Specializations

  • MBA in General Management
  • MBA in Finance
  • MBA in Marketing
  • MBA in Entrepreneurship
  • MBA in Human Resource Management  
  • MBA in Consulting  
  • MBA in Technology Management
  • MBA in Operations Management  
  • MBA in Management Information Systems

MBA cost/fees in USA

  • Average Tuition Fees for MBA in USA is Rs 27.14 L per year
  • Cost of living in the USA Rs 8.14 L annually

Student Visa cost for the US

There are three types of US study visas: F1 Visa, J1 Visa, and M1 Visa are three different types of US student visas. The application fee for a study visa for the US is $160.

MBA Colleges in USA: Eligibility Criteria

The eligibility criteria for MBA courses may vary from one college to another. However, the basic admission criteria for MBA programs are as follows:

  • A bachelor's degree in any discipline or equivalent from a recognized university
  • A minimum score of 75% in bachelor's or equivalent CGPA
  • GMAT score over 600
  • Most of the universities require/recommend a minimum of two-three years’ work experience

Work permit after MBA in USA

Candidates need an F1-Visa to study MBA in the USA. This visa allows them to stay for 60 days in the USA after their graduation date. MBA graduates need to apply for the right visa to stay and work in the USA after their studies. F1 visa holders can apply for OPT (Optional Practical Training) after completing their studies. Optional Practical Training (OPT) is a one-year work and stay-back permit given to international students on completion of a degree program in the US. Working after MBA in the USA is one of the most important factors that students choose to pursue an MBA abroad. Students should know everything about the post-study work visa in the USA before applying for the program.

MBA Scholarships for USA

Studying MBA in the USA can be a costly affair for some, however, there are various popular scholarships available that one can apply to. The majority of the universities in the USA do not offer tuition fee waivers for a professional degree like MBA, therefore, students can look for scholarships to pursue MBA in the USA

MBA jobs and salaries for USA

Whether there is recession or growth in the market, there will be a huge demand for MBA jobs in the USA. MBA salary for popular MBA job roles is quite high and with time one can achieve success in his/her career. MBA graduates can get the chance to work for some of the most reputed organizations in the world. Top business schools in the USA offer excellent opportunities to work with Fortune 500 companies. Top tech organizations like Amazon, Google, Microsoft, eBay and popular consulting firms like McKinsey & Company, Boston Consulting Group Inc. (BCG),

Bain & Company, and Deloitte prefer to hire talent from popular MBA programs in the USA. Students should know about the types of jobs they can undertake after completing their MBA degree.

List of top publicly funded MBA universities in USA

Here is a list of the top publicly funded MBA universities in the USA.

University

Course Fee (in Rs)

Arizona State University

59.8 Lakhs

Texas A & M University

63.1 Lakhs

The University of Texas at Dallas

44.0 Lakhs

The University of Illinois at Chicago

37.9 Lakhs

University of New Haven

27.7 Lakhs

(Source: Studyabroad.shiksha.com)

ROI of top MBA universities in USA

ROI (Return on Investment) is one of the most important factors for students while finalizing the school or country for studying MBA abroad. It assesses the return of the amount invested by the student while studying and the return he/she is going to get after completing the degree.

University

Average salary

Stanford

Master of Business Administration: USD 140553

MBA in Entrepreneurship: USD 140553

University of Pennsylvania

Master of Business Administration: USD 130000

MBA in Entrepreneurship & Innovation: USD 130000

Massachusetts Institute of Technology

Master of Business Analytics (STEM): INR 114000

MBA Entrepreneurship & Innovation Track: USD 125000

Top MBA Recruiters

With home to most Fortune 500 companies, MBA graduates have plenty of opportunities to work in the USA. Below provided is the list of some top companies in the USA that recruit MBA graduates.

University

Top Recruiters

Harvard University

A T Kearney | IBM | Accenture | Credit Suisse | Google | Amazon | Adobe | American Express | Amadeus

Stanford University

Accenture | McKinsey | Google | VISA | Bank of America | Amazon.com | Apple | Facebook | Orange

The University of Chicago

ABN Amro Bank | 3M | aol | Barclays Capital | ACCENTURE | Goldman Sachs | Adobe | JP Morgan Chase | arcelor mittal

University of Pennsylvania

IBM | Microsoft | Google | UBS | Oracle | Bank of America | Local Oye | Yahoo | Amazon.com

Massachusetts Institute of Technology

McKinsey | Adidas | Amgen | Dell | Bose | Amazon.com | Tesla | Boeing | Microsoft

Related Reads

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Top college-funded scholarships for MBA in the US

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What is the difference between MS Business Analytics and MBA?

MBA in USA FAQs

Q. What exam is required for MBA in USA?

A. The Graduate Management Admission Test (GMAT) is one of the most important elements for those who wish to pursue an MBA in the USA. The aspirants need an impressive GMAT score to secure admission in the MBA program in the USA.

Q. How much does MBA cost in USA?

A. The average first-year cost of studying MBA in the USA is Rs 35.26 Lac including average tuition fees of Rs 27.14 Lac and average living expenses Rs 8.13 Lac.

Q. Is MBA hard in the USA?

A. MBA can be as rewarding or hard as you make it. In the corporate world, one needs to stand on its own feet and an MBA program prepares students for the upcoming challenges. MBA programs are designed to make graduates into competent business experts.

Q. GMAT vs CAT, which one is tougher?

A. CAT is more difficult than GMAT. GMAT has a well-defined syllabus that makes it relatively easier to prepare for it. Whereas, the CAT exam does not have a well-defined syllabus, so, candidates find it a little harder as well as it takes a lot of time to prepare in comparison to GMAT.

Q. Is there any negative marking in GMAT?

A. There is no negative marking in the GMAT test. GMAT is widely used by universities abroad to select MBA aspirants.

Q. Which are the highest paying jobs after MBA?

A. Here is a list of some of the jobs that offer the highest MBA salary in the USA:

  • Investment Banker
  • Management Consultant
  • Financial Manager
  • Chief Technology Officer
  • Information Technology (IT) Director

Q. Is MBA in USA worth it?

A. MBA is great for those who want to work in senior positions or competitive high-level management roles. Not everyone thrives in his or her career even after pursuing MBA. However, a good MBA program can open an array of career opportunities. Usually, MBA graduates get higher salaries than what they were getting earlier.

Q. Can Indian study MBA in USA?

A. MBA in the USA is highly popular among Indian students. Candidates required a bachelor's degree with a GPA of 3.5 or above to get into an MBA program. Also, candidates with a bachelor's in any field can apply for an MBA.

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