MBA in USA

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A Master’s in Business Administration or MBA in USA offers varied career prospects not only for local but also for international students. With the highest number of study abroad students, the United States is a leading place to study a professional program. The employer’s from Investment Banks, Consulting Firms, Manufacturing & Technology Industries congregate to hire the talent. If you are planning to enter the management domain and explore study abroad opportunities, then read on this blog to explore your options!

Why Pursue an MBA in USA?

Here are the reasons why you should pursue MBA in USA:

  1. An MBA in USA can be a 1 to 2-year long course, depending upon the type of program a candidate has selected. Based on personal choice and availability of the specialization, applicants can opt for a regular MBA, Executive MBA or Part-time MBA.
  2. The course structure of the MBA program is designed in a way to provide a combination of internships and project works. 
  3. Having high GDP growth to multicultural societies, the USA becomes the all in one destination for international students to pursue their MBA programs.
  4. Furthermore, an MBA will help you change your career and expand your prospects for advancement. 
  5. According to the GMAC Application Trends survey 2019, 50% of foreign applicants apply to the United States in order to obtain a position in the United States.
  6. Apart from the job opportunities, the United States is home to the majority of the world’s best business schools. As a result, an MBA from a top business school will open doors to a variety of opportunities.
  7. Furthermore, the best MBA programs in the United States have a strong brand value, giving you an advantage over other MBA graduates. 
  8. Because of the prestige of its educational system, approximately 75% of prospective students select the United States as their study destination.

Must Read: Eligibility for MS in USA for Indian Students

Types of MBA in USA

Business schools in the United States deliver a diverse range of MBA programs that are not only extensive but also highly versatile. However, with so many choices, students often struggle to choose the best MBA program for them. The table below summarises key details about the types of MBA programs offered by universities in the United States.

Types of MBA in USA Duration of MBA in USA  Average work experience requirement  Classes Schedule 
Full-time MBA 1-2 years  3+ years Regular classes
Part-time MBA 3 or 3+ years  0 to 3 years Evening classes
Executive MBA 2 years At least 8 years or more  Weekend classes
Online MBA 2 years 0 to 3 years There is no such thing as a suitable schedule.
Global MBA 1-2 years At least 8 years  Regular classes
Certificate Program 1-2 years Not required 4-8 course modules

Must Read: Types of MBA Courses

Top Universities for MBA in USA

Given below is a list of universities for MBA in USA that can be the best study abroad option for you:

University QS World University Rankings – Full Time MBA Exams Acceptable  Popular MBA Courses 
Stanford Graduate School of Business, Stanford University 1 TOEFL, IELTS, PTE, GMAT, GRE Full-Time MBA, Dual Degree MBA
Wharton School, University of Pennsylvania 2 TOEFL, IELTS, PTE, GMAT, GRE Full-Time MBA, Part-Time MBA, Executive MBA, Dual Degree MBA
Sloan School of Management, Massachusetts Institute of Technology 3 TOEFL, IELTS, PTE, GMAT, GRE Full-Time MBA, Executive MBA, Dual Degree MBA
Harvard Business School, Harvard University 4 TOEFL, IELTS, PTE, GMAT, GRE Full-Time MBA, Dual Degree MBA
Columbia Business School, Columbia University 8 TOEFL, IELTS, GMAT, GRE Full-Time MBA, Executive MBA, Dual Degree MBA
Haas School of Business, University of California Berkeley 10 TOEFL, IELTS, GMAT, GRE Full-Time MBA, Part-Time MBA, Executive MBA, Dual Degree MBA
Kellogg School of Management, Northwestern University 14 TOEFL, IELTS, GMAT, GRE Full-Time MBA, Part-Time MBA, Executive MBA, Dual Degree MBA
Anderson School of Management, University of California, Los Angeles 15 TOEFL, IELTS, GMAT, GRE Full-Time MBA, Part-Time MBA, Executive MBA
Yale School of Management, Yale University 17 TOEFL, IELTS, GMAT, GRE Full-Time MBA, Part-Time MBA, Executive MBA, Dual Degree MBA
Stern School of Business, New York University 19 TOEFL, IELTS, GMAT, GRE Full-Time MBA, Part Time MBA, Executive MBA, Dual Degree MBA
Ross School of Business, University of Michigan 20 TOEFL, IELTS, PTE, GMAT, GRE Full-Time MBA, Part Time MBA, Executive MBA, Dual Degree MBA
Fuqua School of Business, Duke University 21 TOEFL, IELTS, PTE, GMAT, GRE Full-Time MBA, Executive MBA, Dual Degree MBA
Marshall School of Business, University of Southern California 30 TOEFL, IELTS, PTE, GMAT, GRE Full-Time MBA, Part Time MBA, Executive MBA, Dual Degree MBA, Distance Learning MBA
Johnson Graduate School of Management, Cornell University 32 TOEFL, IELTS, GMAT, GRE Full-Time MBA, Executive MBA, Dual Degree MBA
Questrom School of Business, Boston University 33 TOEFL, IELTS, PTE, GMAT, GRE Full-Time MBA, Part Time MBA, Distance Learning MBA, Dual Degree MBA

Harvard University

Being one of the most famous & oldest institutes for MBA in the USA, Harvard B-School (part of Harvard University) offers a 2-year long MBA program to students. Candidates are taught through multimedia simulations, case method courses, and field projects where students can use business techniques in a practical sense. Here is a list of some MBA courses offered by Harvard B-School are as follows:

  • MBA in Finance
  • MBA in Corporate Social Responsibility
  • MBA in Information Management
  • MBA in Entrepreneurship

Stanford University

Ranked among the top 10 universities of QS World University ranking 2018, established in 1891, the Standford University’s Graduate School of Business offers an excellent MBA course to international students. The MBA program includes design thinking, small group leadership project, team-based learning, experiential learning and case studies. For those wanting to pursue an MBA in USA, here is a list of some popular programs offered by the university: 

  • MBA in Accounting
  • MBA in Global Management
  • MBA in Managerial Economics
  • MBA in Global Management
  • MBA in Finance

The University of Chicago

Credits: The University of Chicago

Founded in 1890 this university is a private research institution situated in the USA. The University of Chicago provides MBA courses with various specializations. With the help of well-qualified teachers, the students are motivated to research and learn. The popular MBA courses are as follows:

  • MBA in Accounting
  • MBA in Analytical Finance
  • MBA in Econometrics and Statistics
  • MBA in Economics
  • MBA in International Business

Massachusetts Institute of Technology

Massachusetts Institute of Technology was established in the year 1861. It is a private research institute in Cambridge, Massachusetts. MIT Sloan School of Management is a B-school of MOT that offers postgraduate Management & Business courses. The list of courses offered by the institution is as follows:

  • MBA in Finance
  • MBA in Entrepreneurship and Innovation

University of Pennsylvania

Commonly known as Penn University, the University of Pennsylvania was established in the year 1755 is recognised as one of the oldest research institutions in the world. The university founded by Benjamin Franklin and provides various undergraduate and masters programmes to international students. Wharton School is the B-School of this university which offers multiple MBA in USA. Here is the list of some popular programs: offered by the institution:

  • MBA in Accounting
  • MBA in Actuarial Sciences
  • MBA in Business Analytics
  • MBA in Entrepreneurship and Innovation

MBA in USA Application Deadlines

In American colleges and universities, an academic year generally includes two intakes: Fall and Spring. For those of you who don’t know, the universities in USA have a two-semester system in an academic year. Let’s know the application deadlines of top universities and business schools for MBA in USA. 

Application Deadlines for Fall Intake (R1)

Business School Application deadline for 2021 Interview notification 
The Fuqua School of Business, Duke University September 2 September 20
Harvard Business School, Harvard University  September 8 October 1 (Not confirmed)
The Wharton School of the University of Pennsylvania September 8 October 27
Johnson Graduate School of Management, Cornell University September 8 October 13
Stanford Graduate School of Business, Stanford University  September 9 By Rolling Invitation
University of Virginia Darden School of Business September 9 Open Interview 
Yale School of Management, Yale University September 14 By Rolling Invitation
Kellogg School of Management, Northwestern University September 15 By Rolling Invitation
NYU Stern School of Business September 15 By Rolling Invitation
Ross School of Business September 20 By Rolling Invitation
The University of Chicago Booth School of Business September 23 By Rolling Invitation
UC-Berkeley, Haas School of Management September 23 By Rolling Invitation
Tuck School of Business, Dartmouth College  September 27 By Rolling Invitation
MIT Sloan School of Management  September 27 By Rolling Invitation
Tepper School of Business, Carnegie Mellon University October 3 By Rolling Invitation
UCLA Anderson School of Management October 5 By Rolling Invitation
Foster School of Business, University of Washington October 5 By Rolling Invitation
Columbia Business School October 6 By Rolling Invitation
McCombs School of Business, the University of Texas at Austin October 12 By Rolling Invitation
Kelley School of Business, Indiana University October 15 By Rolling Invitation
Marshall Business School, USC October 15 By Rolling Invitation

Application Deadlines for Spring Intake (R2)

Business School Application deadline for 2022 Interview notification 
The Fuqua School of Business, Duke University January 5 February 2
Harvard Business School, Harvard University  January 4 By Rolling Invitation
The Wharton School of the University of Pennsylvania January 5 February 14
Johnson Graduate School of Management, Cornell University January 5 March 19
Stanford Graduate School of Business, Stanford University  January 5 By Rolling Invitation
University of Virginia Darden School of Business January 5 By Rolling Invitation
Yale School of Management, Yale University January 6 By Rolling Invitation
Kellogg School of Management, Northwestern University January 5 By Rolling Invitation
NYU Stern School of Business January 16 By Rolling Invitation
Ross School of Business January 4 and January 10 By Rolling Invitation
The University of Chicago Booth School of Business January 6 By Rolling Invitation
UC-Berkeley, Haas School of Management January 6 By Rolling Invitation
Tuck School of Business, Dartmouth College  January 3 By Rolling Invitation
MIT Sloan School of Management  January 19 By Rolling Invitation
Tepper School of Business, Carnegie Mellon University January 5 By Rolling Invitation
UCLA Anderson School of Management January 4 By Rolling Invitation
Foster School of Business, University of Washington January 4 By Rolling Invitation
Columbia Business School January 5 By Rolling Invitation
McCombs School of Business, University of Texas at Austin January 6 By Rolling Invitation
Kelley School of Business, Indiana University January 5 By Rolling Invitation
Marshall Business School, USC January 5 By Rolling Invitation

Eligibility Criteria for MBA in USA

Students from India, who want to apply for MBA in USA universities must ensure that they fulfill the following eligibility criteria: 

  • Applicants have to make sure that they have a good GPA in the previously acquired degree to the admission process easy. 
  • Ensure that you have relevant work experience as demanded by the university. 
  • A bachelors degree from a recognized examination board. 
  • IELTS/PTE/TOEFL scores are required to study abroad for non-native speakers of English.  
  • GMAT or GRE scores, depending upon what is acceptable at the university. 

Must Read: Eligibility for MBA Courses Across The Globe

MBA in USA: Documents Requirement

International students must submit supplementary documentation while seeking to study MBA in USA. Some of the following are listed:

MBA in USA: Top Specializations

Another aspect that can influence your MBA program selection is the specialization you want to pursue. According to the QS MBA by Specialization Rankings 2021, the following American universities took the top spots for various MBA specializations.

MBA in USA Specializations  Top B-Schools in the USA
Consulting #3 MIT (Sloan)
Finance #1 Penn (Wharton)
#2 Stanford Graduate School of Business
#3 Harvard Business School
Information Management #1 MIT (Sloan)
#2 Michigan (Ross)
#3 Northwestern (Kellogg)
Marketing #1 Stanford Graduate School of Business
#2 Michigan (Ross)
#3 UCLA (Anderson)
Operations Management #1 MIT (Sloan)
#2 Michigan State (Eli Broad)
Technology #1 MIT (Sloan)
#2 Stanford Graduate School of Business
#3 UC Berkeley (Haas)
Entrepreneurship #1 Stanford Graduate School of Business
#2 MIT (Sloan)
#3 Harvard Business School

MBA in USA: Cost of Study 

The US never leaves any opportunity to boast about their most famous institutions in the world and, throughout the years, the nation has been working hard to transform its names into trademarks or brands of high quality. The average costs of study at top B-Schools for MBA in USA  schools in the USA are shown below

University Average Tuition Fee for 1 year in INR (Approx.)
Stanford Graduate School of Business, Stanford University INR 73- 74 Lakhs
Wharton School, University of Pennsylvania INR 75- 76 Lakhs 
Sloan School of Management, Massachusetts Institute of Technology INR 78.5- 79 Lakhs 
Harvard Business School, Harvard University INR 82- 83 Lakhs
Columbia Business School, Columbia University INR 82- 83 Lakhs
Haas School of Business, University of California Berkeley INR 71.5- 72 Lakhs 
Kellogg School of Management, Northwestern University INR 1 crore 
Anderson School of Management, University of California, Los Angeles INR 68.5 Lakhs
Yale School of Management, Yale University INR 75  Lakhs
Stern School of Business, New York University INR 82- 82.5 Lakhs
Ross School of Business, University of Michigan INR 68.2- 69 Lakhs
Fuqua School of Business, Duke University INR 74- 74.5 Lakhs
Marshall School of Business, University of Southern California Rs 95.5 Lakhs- 1 Crore
Johnson Graduate School of Management, Cornell University INR 70 Lakhs
Questrom School of Business, Boston University INR 49 Lakhs

Affordable MBA Options in USA 

The ambition of many Indian students and professionals is to be given an MBA in the United States. An MBA from a reputable American business school can open the doors to your greatest career objectives. Having said that, an MBA in USA costs up to $90,000 or more, which for an average Indian is completely out of reach. This alone compensates for the tuition fees, which might increase the entire cost. Hence, we have compiled a list of some renowned universities or business schools that are offering international students with affordable MBA options to consider in the USA. 

University  Average Tuition Fee in INR (Approx.)  GMAT Score Requirement
The University of Buffalo 9 lakhs  Temporarily waived due to the COVID-19 Pandemic
Clemson University 12.3-13 lakhs  Waivers Available
The University of Hawaii at Manoa 14-14.5 lakhs  Required 
Lamar University 23 lakhs  Waivers Available
Iowa State University 10-11 lakhs  Required 
Kentucky State University 14 lakhs  Waivers Available
The University of North Carolina 14 lakhs  Waivers Available
Northeastern State University 9.5 lakhs  Waivers Available
Saint Mary’s University of Minnesota 16.7 lakhs  No 
California Miramar University 17 lakhs  No 

Must Read: MEM in USA: Eligibility,Top Colleges, Scholarships

MBA in USA: MBA Scholarships for international students

Given that higher education has overtaken home ownership as the second-largest cost for a person in their lifetime, it’s no surprise that so many students are turning to scholarships and fellowships for assistance. Here is a list of top and renowned MBA scholarships for studying MBA in the USA, especially for international students of all nations and majorly India. 

Scholarship Name for MBA in USA Brief about the scholarship 
Harvard University – MBA Scholarships In US, 2021 Full Funding
NYU Stern School Of Business – William R. Berkley Scholarships In US Full Funding
Arizona State University W. P. Carey Forward Focus MBA Scholarship Regardless of their financial status, all accepted full-time ASU MBA students will apply for this full scholarship covering their entire tuition.
University of Florida Warrington College of Business This scholarship is open to all accepted full-time University of Florida MBA students and pays full tuition for Warrington College of Business courses.
University of Chicago Booth School of Business Scholarship Annual tuition will be paid in full, with future grants theoretically covering annual expenses.
The University of Houston MBA Scholarship Non-Texas residents can receive up to $10,000 a year in addition to in-state tuition changes. MBA candidates from the University of Houston should apply for this scholarship.
Ritchie-Jennings Memorial Scholarship Candidates must be US citizens or permanent residents with declared majors or minors in accounting, business management, or finance. The following prizes will be given to the candidates: $10,000, $5,000, $2,500, and $1,000.
Wharton’s Emerging Economy Fellowships Candidates who are interested in pursuing a full-time MBA at the Wharton School of Business should apply. It includes all years of the program.
Joseph Wharton Fellowships This fellowship is named after Wharton’s founder and is given to students who have excelled academically and professionally. This fellowship program is open to all students who have been accepted to Wharton.
McKinsey Award at MIT Sloan Regardless of their educational experience, this fellowship is available to all new students. The McKinsey award, on the other hand, is given to four first-year students who succeed in academics, professional leadership, and community service.

Post-MBA in USA Salary

University  Weighted Post MBA Salary in $ (Approx.) Weighted Post MBA Salary in INR (Approx.)
Stanford Graduate School of Business, Stanford University $228,000 1.69 crores
Wharton School, University of Pennsylvania $197,300 1.46 crores
Harvard Business School, Harvard University $205,500 1.52 crores
University of Chicago, Booth School of Management $185,900 1.38 crores
MIT, Sloan $188,200 1.39 crores
Columbia Business School $184,100 1.36 crores
The University of California Berkeley, Haas School of Management $188,800 1.40 crores 
Dartmouth College $173,600 1.29 crores
Northwestern University $170,800 1.27 crores
Yale School of Management $172,500 1.28 crores

MBA in USA Without GMAT

The days are gone when the business school admission decision in the USA depended entirely on GMAT results. Today, in the United States increasing numbers of MBA universities are using extra factors to assess the profile of an applicant. Given below is a list of few universities that are providing MBA in USA without GMAT. Have a look:

  1. University of Hull
  2. Foster School of Business- University of Washington
  3. Ross School of Business, University of Michigan
  4. Darden School of Business, University of Virginia
  5. Georgetown University
  6. Marshall School of Business, University of Southern California
  7. Babson College
  8. DePaul University
  9. Suffolk University
  10. Pace University
  11. Texas A & M University
  12. Howard University
  13. Florida International University
  14. Golden Gate University
  15. Michigan State University
  16. Boston University
  17. Loyola University Chicago
  18. Stern School of Business, New York University
  19. Kenan–Flagler Business School, The University of North Carolina at Chapel Hill
  20. Kellogg School of Management, Northwestern University

MBA in USA Without Work Experience 

There are several prestigious universities in the USA providing quality MBA programs. Pursuing an MBA soon after your graduation is great. Luckily, we have got some options for you if you’re looking for an MBA in USA without work experience. List of universities in the USA where you can study MBA without work experience:

  1. Wharton School, University of Pennsylvania
  2. Chicago Booth School of Business, University of Chicago
  3. Haas School of Business, University of California Berkeley
  4. Sloan School of Management, Massachusetts Institute of Technology
  5. Seton Hall University
  6. New Jersey Institute of Technology
  7. Gannon University
  8. Long Island University
  9. Stern School of Business, New York University

FAQs

What exam is required for MBA in USA?

One of the most critical components for those wishing to obtain an MBA in the United States is the Graduate Management Admission Test (GMAT). For admission to an MBA program in the United States, aspirants must have a strong GMAT ranking.

How much does an MBA in USA cost?

An MBA degree can be expensive, but the average tuition for a two-year MBA program is more than $60,000. You should expect to pay $100,000 or more in tuition and fees if you attend one of the best business schools.

Is MBA from USA worth it?

It’s becoming increasingly clear that earning an MBA isn’t just a risky investment—it’s a gamble that’s just not worth taking. MBA services have traditionally offered a few things: a solid grounding in core business subjects, better career opportunities, and access to a prestigious network.

Does MBA in USA require work experience?

A four-year Bachelor’s degree from an accredited US institution or its foreign counterpart is typically required for admission to an MBA program in American business schools. Depending on your duties, a minimum of two to three years of work experience is needed. Make a resume.

Can I get a job in USA after MBA?

MBA graduates in the United States have a wide range of career opportunities. If the university is known, you can get a job even if you have an MBA from another country. It might not be as simple as it seems, but depending on your background and degree, you may stand a fair chance.

We hope, this blog has helped in providing details on MBA in USA. For further details or queries related to the admission process in the Business Schools of USA, you can contact us at Leverage Edu– a place where dreams become reality!

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    1. Thanks, you may also share it with your friends who are exploring study abroad opportunities in the USA.

    1. We are happy to know that our blog was helpful for you! Get in touch with our counsellors to know more about the MBA admission related details.

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