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MBA in USA for Indian Students: A Definitive Guide

MBA in USA: Eligibility, Fees, GMAT & What to Expect

It is a big decision to select a country for your higher studies, let alone if it is for an MBA in USA for Indian students. From fees & financing to post-graduation opportunities; every student wants the best there is. While there is a list of countries to choose from, an MBA in USA is something to consider.

With the rich history and modern programs with more specialized learning, MBA in USA for Indian students is quite an option. However, to proceed with the same you must be aware of certain things. Get to know all the important details related to MBA Abroad in USA such as; eligibility, fees, career, colleges & reasons to choose from.

MBA in USA 2024:A Snapshot

A brief overview of things students can expect while planning an degree from top Colleges for MBA in USA for Indian Students-

MBA Duration 1-2 Years
Competitive GMAT Score 650+
Average Work-Experience 3-5 years
Average Fees from $20,000 to $100,000 or more
Average Salary $100,000 to $120,000
Top MBA Schools Harvard Business School
Stanford Graduate School of Business, 
Wharton School (University of Pennsylvania),
Booth School of Business (University of Chicago)
Top post-MBA Industries Finance
Consulting
Technology
Stay-Back Period up to 12 months, known as Optional Practical Training (OPT)

Top 10 MBA Colleges in USA

The first and foremost step towards the journey of MBA in USA- is college selection. Unless you are picking the most excellent schools to apply to, what is the point of investing a huge amount of finance and crucial time abroad? Not to mention with better colleges come better post-grad career opportunities. Here is a list of top 10 Colleges for MBA in USA for Indian Students:


TOP COLLEGES LOCATION
Harvard Business School (Harvard University)   Boston, Massachusetts
Stanford Graduate School of Business (Stanford University)  Stanford, California
The Wharton School (University of Pennsylvania) Philadelphia, Pennsylvania
Kellogg School of Management (Northwestern University) Evanston, Illinois
Booth School of Business (University of Chicago)  Chicago, Illinois
Sloan School of Management (Massachusetts Institute of Technology) Cambridge, Massachusetts
Columbia Business School (Columbia University)   New York, New York
Tuck School of Business (Dartmouth College)  Hanover, New Hampshire
Haas School of Business (University of California, Berkeley)  Berkeley, California
Stern School of Business (New York University New York, New York

Why Choose USA for MBA?

Choosing the USA for your MBA means accessing world-class education, a diverse international community, shorter program lengths, robust industry connections, and globally respected qualifications, setting you on a path to success.

  • Diverse and extensive MBA programs.
  • High-quality education and global recognition.
  • Robust networking opportunities.
  • Strong industry connections.
  • Post-MBA work opportunities for international students.
     

Different types of MBA in USA

  • Full-time MBA: Traditional one- to two-year program.
  • Part-time MBA: Flexible options for working professionals.
  • Executive MBA (EMBA): Designed for experienced managers.
  • Online MBA: Distance learning with virtual classrooms.
  • Specialised MBA: Focus on industries or functions like finance or healthcare.

Eligibility for Pursuing MBA in USA

Eligibility criteria for pursuing an MBA Abroad in USA can vary depending on the specific business school and program you are interested in. However, there are some common eligibility requirements that you should generally meet:

  • Bachelor's Degree: Typically required.
  • Work Experience: Varies, but often preferred.
  • GMAT/GRE Scores: Required by many programs.
  • English Proficiency: Required for international students.
  • Letters of Recommendation: Often needed.

Fees & Expenses in USA for MBA

It's crucial to consider these expenses when planning for an MBA in USA for Indian Students and explore scholarship and financial aid options to ease the financial burden.

Cost of living

The cost of persuing an MBA in USA for Indian Students encompasses accommodation, food, transportation, and personal expenses, and it varies depending on the city, lifestyle, and university choice, significantly impacting the overall budget.

Expense Amount
Accomodation On-Campus Housing: $8,000 - $15,000/year
Off-Campus Apartments: $800 - $2,000/month
Shared Housing: $500 - $1,200/month
Homestay: $500 - $1,200/month
Food Monthly grocery bill: $150 - $300
Eating out (occasionally): $10 - $30 per meal
Total monthly food expenses: $200 - $400
Transport Public transportation (monthly pass): $70 - $120 (varies by city)
Occasional taxi or ride-sharing: $10-$20 per trip
Total monthly transport expenses: $80 - $140
Utility Electricity, heating, cooling (for a small apartment): $100 - $200 per month
Internet and mobile phone plan: $50 - $100 per month
Total monthly utility expenses: $150 - $300


Scholarships to Pursue MBA in USA

Obtaining scholarships to pursue an MBA in the USA can significantly alleviate the financial burden of tuition and living expenses, making this advanced degree more accessible to students from diverse backgrounds.

  • Fulbright Program: Scholarships for international MBA students.
  • Joint Japan/World Bank Graduate Scholarship: For MBA students from developing countries.
  • Rotary Global Grant: MBA funding aligned with Rotary's focus areas.
  • AAUW International Fellowships: Scholarships for women pursuing MBA degrees.
  • TOEFL Scholarships: Based on TOEFL scores.
  • University-Specific Scholarships: Offered by U.S. universities.
  • Private Organizations: Scholarships for international MBA students.
  • ProFellow Database: Lists various fellowships for MBA candidates.

MBA Job Market and Salary in USA

The MBA job market in the USA is dynamic and competitive, offering diverse career opportunities with salaries that vary widely based on factors such as location, industry, and experience.


NOTE: PayScale reports- the average salary for an MBA graduate in the USA is around $100,000 to $120,000.

Highest Paying Jobs Average Salary
Chief Executive Officer (CEO) $200,000 - $1 million+
Chief Financial Officer $150,000 - $400,000+
Chief Marketing Officer $150,000 - $350,000+
Chief Technology Officer $150,000 - $350,000+
Investment Banker $100,000 - $200,000+
Management Consultant $90,000 - $180,000+
Data Scientist $80,000 - $150,000+

MBA in USA: Without GMAT

Pursuing an MBA in the USA without GMAT requirements offers flexibility for applicants seeking admission to top business schools.This flexibility opens doors for a broader range of applicants, allowing them to focus on other aspects of their application while still pursuing their MBA aspirations at renowned American business schools.

MBA schools in USA without GMAT

These schools prioritise applicants' comprehensive profiles, including work experience and academic achievements, reducing the emphasis on GMAT scores.

  • Harvard Business School: Waives GMAT for some applicants with exceptional experience.
  • MIT Sloan School of Management: Considers applicants holistically, with a focus on past academic and professional achievements.
  • Kellogg School of Management at Northwestern University: Offers GMAT waivers for select candidates.
  • Darden School of Business at the University of Virginia: Considers a strong application in lieu of GMAT scores.
  • Tepper School of Business at Carnegie Mellon University: Allows candidates with significant experience to request a GMAT waiver.

MBA in USA: Without Work Experience

mba in usa for indian students

Embarking on an MBA in USA without prior work experience is a testament to the flexibility and inclusivity of American education. An MBA, or Master of Business Administration, is traditionally sought by seasoned professionals. Still, in the USA, numerous universities recognize the value of fresh perspectives and unbridled ambition.

In this guide, we'll explore the unique landscape of pursuing an MBA in USA for indian students without work experience. Whether you're a recent graduate eager to accelerate your career or an aspiring entrepreneur looking to gain essential business acumen, these programs in the USA provide a pathway to success in the dynamic world of business.

MBA schools in USA without work-experience

Several MBA programs in the USA accept applicants without requiring significant work experience. Here are some schools known for offering MBA programs without mandatory work experience:

  • Harvard Business School: Offers the "2+2 Program" for college seniors with no work experience.
  • Stanford Graduate School of Business: "Stanford Deferred Enrollment" program welcomes recent graduates.
  • Yale School of Management: "Silver Scholars Program" for college seniors with limited work experience.
  • MIT Sloan School of Management: "Early Admission" program considers applicants with less experience.
  • UC Berkeley Haas School of Business: "Haas Scholars Program" for college seniors and recent graduates.
  • Chicago Booth School of Business: "Chicago Booth Scholars Program" available to college seniors and recent graduates.
  • Columbia Business School: "Deferred Enrollment Program" for college seniors and recent graduates.

Conclusion

Successfully applying to top MBA programs in the USA involves careful planning, strong academics, standardized test preparation, impressive work experience, compelling essays, and effective networking. Highlight your unique qualities and be authentic in your application. Additionally, consider financial planning and explore scholarships.

Is it easy to get job after MBA in USA?

Yes, you can work in USA after completing your studies in India or any foreign country. To get work in USA, first, you will have to apply for a job that suits your qualifications. Once you clear the job interview and receive an offer letter, you can apply for a work visa in the USA.

How much does MBA cost in USA for international students?


Tuition Fees for an 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.

Who is eligible for MBA in USA for international students?

Eligibility criteria for MBA in the USA

A minimum of 16 years of education i.e., four years of an undergraduate degree must be completed after school. However, some universities also accept 15 years of education. Test scores of your English language proficiency test such as IELTS.

Can I do MBA in USA without GMAT?

Having a relevant graduate degree can help you to get into MBA colleges in USA without GMAT. Many MBA Universities offer students the waiver of the GMAT test if they have a prior graduate degree in a relevant subject.

Which entrance exam is needed to pursue MBA in USA?

The primary entrance exam required for pursuing an MBA in the USA is the Graduate Management Admission Test (GMAT). A strong GMAT score is essential for gaining admission to MBA programs in the United States, especially at top-ranked business schools.

Admission requirements and average GMAT scores may vary from one university to another, but achieving a competitive GMAT score is a crucial step in the application process for most MBA programs in the USA

Know Your Author
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Rohit Rajaram
Study Abroad Expert
Rohit is a results-driven individual with a strong background in Education Mentorship, Program Management and Business Development. Holding a Master's degree in Management from ESCP Business School in Paris, Rohit combines academic excellence with extensive industry experience. Throughout his career, Rohit has consistently delivered exceptional results, driving sales, increasing turnover, and achieving targets. Known for his strategic acumen, Rohit formulates and executes successful business strategies, enhancing operational quality, customer satisfaction and key bottonline drivers. As the Co-Founder of MiM-Essay, a leading Early Career Degrees application consulting company, Rohit has successfully mentored over 10,000+ students, enabling them to secure admissions in top-ranked schools worldwide with significant scholarships. Under his leadership, the company has maintained high-quality service and exceptional client satisfaction rates. With expertise in analytics, product development and business excellence, Rohit has successfully driven the success of various initiatives. Committed to constant innovation, he is expanding the company's offerings by introducing digital and technology-powered products for comprehensive education solutions.
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