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MBA in USA: Top Colleges, Fees, Scholarship, and More

MBA from the USA plays a significant role in launching successful careers for graduates. With an effective curriculum taught by efficient faculty, students get a chance to be part of a pool of diverse cultures and bright minds.

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Michigan Ross

Ross School of Business

Ann Arbor, MI

Course Details-
This two-year program is rooted in action-based learning experiences, collaboration, and unparalleled networking opportunities. 
• The annual fee for NON-MICHIGAN RESIDENTS is $72,114.
• Graduates can get an average salary ranging between $67,136-$200,000.

Eligibility-
• A college or university degree equivalent to a four-year American bachelor’s degree.
• If your native language is not English, you must take the TOEFL, PTE, or IELTS exam.
• You must take the internet-based test (iBT) version of the TOEFL exam.

Class Profile

Average Age : 27 years
Class Size : 398
Average Work Ex : 5 Years
Average GMAT : 722
Average GPA : 3.53

More About Michigan

Haas School of Business University of California, Berkeley

HEC Paris

Berkeley, CA

Course Details-
The Full-Time Berkeley MBA is a two year full-time degree program.
• The annual fee for non-resident students is $71,817.
• Graduates can get an average Salary of $143,696.

Eligibility-
• Candidates may apply to the program if they hold the equivalent of a four-year U.S. bachelor’s degree.
• All candidates are required to take the GMAT or GRE exam prior to the deadline.
• Applicants who received their degrees from countries in which the primary official language is not English, must submit official evidence of English Language Proficiency.

Class Profile

Average Age : 23-24 years
Class Size : 291
Average Work Ex : 5.5 Years
Average GMAT : 726
Average GPA : 3.67

More About Berkeley

Foster School of Business, The University of Washington

HEC Paris

Seattle, WA

Course Details-
Foster Full-time MBA degree is a two-year full-time program.
• The total program cost for non-resident students is $107,202.
• Graduates can get an average salary of $130,407.

Eligibility-
• You must have completed the equivalent of a four-year U.S. bachelor’s degree.
• For the GMAT and GRE, all sub-scores including the Analytical Writing Assessment (AWA) score are evaluated.
• If your native language is not English, you are required to demonstrate English language proficiency in one of the following ways-
Complete an English Language Proficiency Exam.

Class Profile

Average Age : 29 years
Class Size : 126
Average Work Ex : 6 Years
Average GMAT : 704
Average GPA : 3.42

More About Foster

Course Details-
• MBA from Wharton is a 20 month program, including a 3.5 month summer internship (recommended).
The first-year budget for the Wharton MBA Program is $115,464, which includes tuition and fees ($83,230).
• Graduates can get an average salary of $150,000.

Eligibility-
• A college-level education equivalent to a four-year American undergraduate or baccalaureate degree (the same as a first university degree). .
• All applicants must submit results of a GMAT or GRE that are no more than five years old.
• The Test of English as a Foreign Language (TOEFL) or PTE Academic test is required for all international applicants whose native language is not English.

Class Profile

Average Age : 23-24 years
Class Size : 897
Average Work Ex : 5 Years
Average GMAT : 733
Average GPA :
3.6

More About Wharton

New York University

ESCP School

New York City

Course Details-
• A full-time MBA from NYU is a two-year full-time program.
• The annual tuition fee for students is $78,700.
• NYU MBA graduates can get an average salary of $155,000.

Eligibility-
• Full-time, post-university work experience.
• In addition to the GMAT and GRE, NYU Stern also accepts the Executive Assessment Test (EA), MCAT, LSAT, and DAT
• Your level of proficiency in English must be demonstrated in at least one of the following test results from either the TOEFL, IELTS, or Duolingo.

Class Profile

Average Age : 28 years
Class Size : 360
Average Work Ex : 5.1 Years
Average GMAT : 729
Average GPA : 3.59

More About NYU

Cornell University

Cornell

Ithaca, New York

Course Details-
• A full time MBA from Cornell University is a two-year program with 4 semesters and a summer internship.
• The annual tuition fee of full-time MBA program is $74,026.
• MBA graduates from Cornell University can get an average salary of $101,808.

Eligibility-
• Full-time work experience is not required to apply, but on average, students have completed two to five years of full-time work prior to enrolling.
• 
Competitive standardized test scores (GMAT or GRE).
• You are required to submit official scores from the Test of TOEFL or IELTS exam.

Class Profile

Average Age : 28 years
Class Size : 304
Average Work Ex : 5 Years
Average GMAT : 710
Average GPA : 3.34

More About Cornell

Duke University

ESCP School

Durham, North Carolina

Course Details-
• A full-time MBA program from Duke University’s Fuqua School of Business is a 22-month program.
•For students beginning their program in August 2021  tuition cost is currently 70,000 USD. 
• The average first-year compensation for Duke MBA graduates reached an all-time high at $171,000

Eligibility-
There is no minimum work experience required for this program. All post-undergraduate work experience will be considered.
• Fuqua accepts GMAT, GRE, and Executive Assessment (EA) scores. There is no minimum test score requirement.
Other aspects of the application are considered to assess language proficiency.  

Class Profile

Average Age : 29 years
Class Size : 447
Average Work Ex : 5.9 Years
Average GMAT : 670-750
Average GPA : 3.1-3.9

More About Duke

The University of North Carolina

HEC Paris

Chapel Hill, North Carolina

Course Details-
•A full time MBA from UNC Kenan Flagler Business School is a 21-month program.
•The tuition and fees per academic year for Non-North Carolina Residents is $68,112.
•MBA graduates from UNC Kenan Flagler Business School can expect an average base salary of $125,687.

Eligibility-
• Typically, students enter with an average of five years of work experience, however all competitive applicants are eligible to apply.
• GRE, GMAT, IELTS, TOEFL or PTE are accepted.
• You need to provide an English-language test score from TOEFL, IELTS, or PTE Academic.

Class Profile

Average Age : 28 years
Class Size : 296
Average Work Ex : 5.75 Years
Average GMAT : 696
Average GPA : 3.43

More About UNC

The Master of Business Administration (MBA) is one of the most sought-after management degrees globally. The program is quite popular among students who aspire to take on leadership roles in the future. More importantly, the program infuses students with necessary business skills that are very much necessary in the present corporate world. Moreover, it will provide students with the necessary knowledge of current business trends, issues, and how to deal with them in the real world. Therefore, MBA in USA is a dream for thousands of Indian Students. Its appealing benefits like world-class education, up to date curriculum, multicultural environment, growth opportunities, and lucrative salary packages attract many international and Indian students.

Among the top 100 MBA programs in the world, more than 40% of the courses are offered by American Universities. In short, a master’s degree from a renowned US college will help land any professional opportunity anywhere in the world. That is why many international students want to complete their MBA in USA. However, it should be noted that business schools in the US are very selective in enrolling students for the MBA program. Most colleges only accept qualified applicants who meet the program’s eligibility requirements. Therefore, you should be very clear in your thoughts and aim to pursue an MBA from USA. Meanwhile, the United States is home to globally reputed business schools like Wharton, Stanford, Harvard, Yale, Sloan and Kellogg.

mba in usa

MBA in USA for Indian Students

The opportunity to get enrolled in one of the top business schools is a dream for many aspirants from India. Furthermore, a business degree, like an MBA, will help students progress in their careers. Besides, the flexible MBA programmes offered by US schools provide students with much-needed adaptability in selecting courses that meet their requirements. The deferred MBA, accelerated MBA, executive MBA, and Full-Time and Part-Time MBA give students more options than any other Indian institution.

Other reasons why Indian students go for an MBA from the US include

World-class education

Apart from learning in classrooms, you also get the opportunity to put your knowledge into practice. That is to say, the program is efficiently designed to prepare students to tackle real-world business problems. In addition, the curriculum includes training programs, along with industrial internships and recent case studies.

Career opportunities

Studies show that you can get a hike of more the 100% on your previous drawn salary upon completion of your MBA programs. Not only that, but there will be massive upgrades on your job responsibilities and duties as well. Further, the curriculum also prepares you for leadership roles, allowing you to pursue opportunities with leading multinational corporations. 

Multicultural environment

An MBA from the US will be a different experience than one from India because of its multicultural student body. Sitting in a classroom with some of the smartest minds representing different cultures is a unique experience on its own. Moreover, this broadens their perspectives, equipping them with all viewpoints and provides them with a solid foundation for dealing with any challenges.

No of Intakes

Universities in the US offer three intakes throughout the year

  • Fall
  • Spring
  • Summer

Consequently, the Fall intake during September is popular among Indian students.

Top universities for MBA in USA

Like mentioned earlier, some of the top universities offering a Masters of Business Administration are located in the United States. These schools have provisions that allow Indian students to join their dynamic cohorts.

Here are the renowned top universities for MBA in USA for Indian Students

University Duration of the course Course Fees
Stanford Graduate School of Business 2 years $119,964
University of Pennsylvania Wharton (Penn) 21 months $115,432
MIT Sloan 2 years $77,168
Harvard Business School 2 years $73,440
Columbia Business School 20 months $77,376
UC Berkeley (Haas) 21 months $106,348
Yale School of Management 2 years $74,500
University of Chicago (Booth) 21 months $74,919

 

harvard university mba in usa

 

MBA in USA for Indian students: Eligibility

A variety of factors determines an Indian student’s eligibility to study for an MBA in USA. Here’s the significant criteria for admission into an MBA program for an Indian student.

  • Minimum education of 16 years, including 4 years of an undergraduate degree (some universities accept 3 years undergraduate program)
  • English proficiency test scores of IELTS and TOEFL (minimum TOEFL score: 100, minimum IELTS score: 6.5)
  • Minimum 3-4 years of professional work experience
  • A good GMAT or GRE test scores for most business schools. (600+ or 300+ for GMAT and GRE respectively)

The requirements for enrolling on an MBA program differ from one university to another. However, the core requirements remain the same.

 

Documents Required to Study MBA in USA

Furthermore, the admission process for an MBA program will require you to submit several documents before your final acceptance. These documents are very important to demonstrate your overall holistic profile to the admission committee. Therefore, make sure to obtain these documents and keep them ready with you.

  • Academic Qualifications and Transcripts: transcripts from the schools you have attended must be scanned and submitted.
  • GRE/GMAT/IELTS/TOFEL Score Report: copies of your scores should be submitted 
  • Resume: Your resume or CV highlighting all of your accomplishments
  • Work Experience Certificates: Proof of your recent work experiences 
  • Statement of Purpose (SOP): An essay highlighting your intent to study the program
  • Letter of Recommendation (LOR): An Academic and a Professional letter of recommendations by your college teacher or employer 
  • Student Passports: you need to present copies of your student passport to verify your reason for staying

Further, you can check the official website of the schools for any additional documents that might be required.

MBA Cost in USA for Indian Students

Going abroad for higher education can be an expensive decision. Especially for a developed country like the USA, you should be mindful that you will pay high tuition fees and incur huge living expenses. On top of that, MBA degrees from top US universities are quite expensive. Therefore, first and foremost, you should be fully prepared before deciding to pursue an MBA in the United States. Secondly, you need to start planning your finances way before the actual commencement of the program. Above all, you will be paying hefty fees for several application forms and other exams, even during the admission process.

Application Fees: $90 to $150 

Entrance and Language Proficiency Test

  • IELTS: $255
  • TOEFL: $200
  • GRE: $210
  • GMAT: $250

Student Exchange and Visa fees

  • J-Visa: $180
  • F-Visa: $200
student education cost

Cost of living in USA

For Indian students, the cost of living in the US will depend on their lifestyle preferences and other considerations. However, studying in America for a 2-year program can cost you anywhere around $1500 to $3000 per month. 

Here is the list of monthly estimated expenses for an Indian student in USA

  • Accommodation: $500 – $1000 
  • Food: $120 – $160
  • Transportation: $100 – $300
  • Health: $450 – $700
  • Other expenses: $300 – $600

Fees and scholarship for MBA in USA

Tuition fees for an MBA in USA

In the United States, many business schools provide high-quality education for tuition fees, ranging from $30,000 to $60,000. On the other hand, the cost of an MBA at a reputable university in the US ranges from $45,000 to $80,000 each year. Thus, an MBA degree from one of the top business schools might cost you up to $120,000.

The tuition fees for some of the top business schools in the US was mentioned in the table earlier.

 

online scholarship

 

Scholarships Programs for MBA students

There are numerous scholarships, financial aid, and grants available for students who find it difficult to cover their fees themselves. Meanwhile, these benefits can be in the form of monetary fundings or relaxation on your tuition fees for the program. Here are some scholarship programs to look forward to for Indian students.

1. Stanford Reliance Dhirubhai Fellowship

Indian students who are pursuing an MBA degree from Stanford can receive this scholarship. It will cover 80% of the tuition fees for the program.

2. Akhtarali H. Tobaccowala Fellowship

The scholarships are open for Indian students pursuing full-time MBA Chicago Booth. But, the applicant should be a resident of India at the time of receiving the scholarship. Also, the scholarship includes gifts worth $1 million from the Tobaccowala Foundation of India.

3. Ramakrishnan Family Scholarship

This fellowship, an endowment established by Guru Ramakrishnan and Anupama Ramakrishnan, awards Indian nationals studying a full-time MBA at Chicago Booth. Further, 3 students will receive $25,000 per year, totalling $50,000 for the two-year programme.

4. Harvard Business School Scholarship

You can apply for Harvard Business School Scholarship, that offers scholarship to almost 50% of the class. Also, students can receive up to $40,000 each year, which is 50% of the tuition fees.

5. Board of Overseers China-India Fellowships

This fellowship is awarded to students from India and China. Students who have displayed excellence in their academic and professional endeavours receive this honour each year and can renew this for the second with promising performance during their MBA program at Columbia Business School.

Additionally, there are several other scholarships available to Indian students at leading business schools.

MBA without GMAT in USA

For most Business Schools and Management programs, GMAT exams are an important indicator of assessing a student. That is why many schools require you to submit your GMAT score during the admission process. However, there are other certain factors as well that helps evaluate the profile of any applicant. For instance, your work experience plays an important role while enrolling on an executive MBA program. 

Moreover, many business schools in the US offer MBA programs to Indian and international students even without a GMAT score. Likewise, more and more colleges are evaluating a student’s profile based on other criteria.

The following is a list of popular business schools in the US that do not require the GMAT.

  • Kellogg School of Management
  • Marshall School of Business
  • MIT Sloan School of Management
  • Hult International Business School
  • Questrom School of Business, Boston University

Such institutions emphasize practical work experience, particularly in management, to evaluate a candidate’s overall profile. Moreover, executive and deferred MBA programs have the criteria of at least minimum work experience to apply for the professional degree.

 

mba in usa indian students

Conclusion

When studying MBA from a foreign country, USA is the top pick for many Indian students. Moreover, it is because business schools in the US offer a well-designed MBA programme with plenty of hands-on experience and opportunities. Irrespective of all the money spent and the ruthless competition, pursuing an MBA in USA will be your life’s one of the most enriching experience.

An MBA from a reputed US school will open doors to a plethora of prospects. MBA graduates from USA are in high demand, and they can work in any industry of their will. Further, many Indian-affiliated scholarship programmes also allow students to work for some of India’s top corporations.

Furthermore, with a waiver of GMAT score for the admission process and numerous scholarships to help fund their studies, there is an upsurge in the number of Indian students coming to the US for an MBA degree.

What is the average cost of an MBA from the USA?

The tuition fee ranges between $55,727-$161,810 if you opt for the top MBA colleges. MBA from the cheaper universities can cost between $14,934-$24,230.

What is the average salary that MBA graduates from the USA can expect?

The USA, which offers some of the best MBA programs globally, comes second for the highest MBA salaries in the world. MBA graduates from the USA can expect an impressive average salary of US$120,900.

 

What is the duration of an MBA from the USA?

Typically a full-time MBA program in the US is completed in two years; however, many colleges offer accelerated MBA programs for one year. In addition to this, a part-time option is also open to students who can take classes at their convenience to accommodate their busy routine.

What are the prerequisites for joining an MBA in the USA?

There are a few prerequisites for you before you apply for an MBA in the USA. These are GMAT or GRE Score, English Language Test Score, Essays, Resume, Academic and professional recommendation letters, and post-graduate work experience (which differs for every university).

Which is the best country in the world for MBA?

The USA tops the list for the best destination for an MBA program. Nevertheless, several other countries offer fantastic MBA courses, the United Kingdom, Canada, Australia being the top choices among many others.

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