MBA in USA

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

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 fulfil 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. 
• Must have completed 16 years of educatio, which means 10+2+4 education or complete a four-year bachelor’s program
• 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:

• All past academic qualifications and transcripts
• Letters of Recommendation
• Updated Resume 
• MBA Essays 
• Statement of Purpose 
• Cover Letter (if required)
• Copy of student visa 
• Test scores as per the requirements of the university
• Passport size photographs 

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

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!