America! The land of opportunity, initiators of Rock n Roll, home for the Woodstock, is today home for people from all around the globe. Does that excite you too like your friends? Planning to improve your managerial and leadership skills? Dreaming of pursuing MBA in USA?? The number of Indian students in USA is huge due to the motivating examples of Satya Nadella and Sundar Pichai. So, who wants to be the next Nadella or Pichai?
Did you know?
As of 2019, with above 2.8 million Indians living in the USA, it has also become the second-best home for us Indians. Even though these 2.8 million Indians constitute roughly 1% of the American population, this is still a huge number.
Studying in USA is the most preferred abroad study destination for Indians, followed by the United Kingdom and Canada.
Look no further. You may find a ton of thought-provoking advice for an MBA in USA here & there, but you will need to know these nondescript details too. Most sources will miss these as too common.
Topics covered
Why Study MBA in USA?
Here are the reasons why you should pursue an MBA in USA:
- Excellent education and internationally recognized degree.
- A variety of MBA programs and specializations.
- Many US MBA programs offer internship opportunities to help you gain valuable experience at reputable American companies. Unparalleled networking capabilities.
- Earning a Master of Business Administration degree in the US will increase your earning potential and career opportunities.
Highlights of MBA in the USA
| Particulars | Highlights |
| Total number of MBA universities in the USA | 500+ |
| Specializations in USA | MBA in Finance, MBA in Entrepreneurship, MBA in Operations Management, MBA in General Management, MBA in Human Resource, MBA in Marketing, MBA in Accounting, MBA in International Business, MBA in Business Analytics, MBA in Management Consulting, MBA in Information Systems/ Information Technology; among others. |
| Cost of MBA in the USA | The cost of studying MBA in the USA varies from university to university. However, the average cost of studying MBA from the best MBA universities in the USA is $61,800. |
| Top Exams required | GMAT, GRE, IELTS, TOEFL, etc. |
| Job Opportunities after the MBA in the USA | Finance; Marketing; Management Consultant; Operations management; Marketing management; Management; Investment banking; Business; Project manager; Human Resources; Financial Analyst; Information technology management; Financial Management; Chief Financial Officer; Financial Manager; Supply chain management; Health Administration; Chief Executive Officer; Data analysis; Marketing; Director; Chief Operating Officer; Chief Technology Officer; Personal Financial Advisor, among others. |
| Average MBA graduate Salary in the USA | The average MBA graduate salary in the USA typically is around $65,000 per annum depending on factors like the business school’s ranking, industry, location, and job role. High-demand fields like consulting, finance, and technology tend to offer higher salaries, while non-profit and government sectors may offer lower average salaries. |
Types of MBA in the USA
Here are some of the popular types of MBAs offered at the best MBA universities in the USA
Two-Year Full-time MBA
The United States offers a diverse range of MBA programs, with the two-year full-time MBA being one of the most common options. Renowned institutions like the University of Pennsylvania Wharton, Harvard Business School, and Stanford Graduate School of Business offer this traditional format. The program spans two years, allowing students to build a strong foundation in core business disciplines during the first year and specialize in their chosen areas during the second year. It provides extensive practical experience through business simulators, consulting projects, and summer internships, often leading to job offers after graduation.
One-Year Full-time MBA
For those seeking an accelerated path to an MBA without a major career change, one-year full-time MBA programs are prevalent in Asia and Europe. These programs focus on core business fundamentals, with less emphasis on electives and concentrations. They are designed for students looking to expedite their existing career paths by leveraging their prior experience.
Part-time MBA
Part-time MBA programs cater to individuals who want to pursue an MBA without interrupting their careers. These programs offer flexibility, with varying completion times, allowing students to set their own pace. Classes are often available in the evenings or on weekends, enabling students to balance work and education.
Online MBA
Online MBA programs provide the flexibility to earn an MBA from anywhere in the world. These programs cover the same curriculum as their on-campus counterparts and are delivered by the same faculty. Students can choose asynchronous or synchronous learning, and some programs even offer optional in-person residential experiences.
International/Global MBA
International or Global MBA programs provide a broader perspective, focusing on international business and management trends. They attract a diverse cohort of students from around the world, fostering international networks and global career opportunities.
Executive MBA (EMBA)
EMBA programs are designed for mid-career professionals seeking leadership roles. They require a minimum of five years of work experience and are taught part-time, often during evenings or weekends. EMBA programs have a stronger emphasis on management and leadership skills.
Specialized MBA
Some programs offer specialized MBAs, allowing students to major in specific industries or functions, such as finance, marketing, entrepreneurship, or business analytics. These programs provide in-depth knowledge in a particular area, enhancing career prospects.
Selecting the right MBA program in the USA depends on individual career goals and aspirations. It’s essential to choose a program that aligns with your objectives and preferences. If you need any help, connect with our experts – “Study Abroad Consultants in Kochi”
MBA in USA for Indian students – Eligibility
The following is the eligibility criteria for pursuing MBA in the USA for Indian Students:
- Applicants should ensure that they have a good GPA from their previous degrees so that the admissions process is smooth.
- Must have completed 16 years of education, which means class 12th, and a four-year bachelor’s program
- Make sure you have relevant work experience to meet the university’s requirements.
- Bachelor’s degree from a recognized examining board.
- IELTS/PTE/TOEFL scores are required for study abroad for non-native English speakers.
- GMAT or GRE scores, whichever is acceptable at the university.
MBA In USA Without Work Experience
An MBA (Master of Business Administration) is a prestigious and highly sought-after degree that can open up a world of career opportunities. But if you don’t have work experience, you may wonder if an MBA is still within reach. The good news is that some business schools in the USA do offer MBA programs for students without work experience.
While work experience is often an important factor in the MBA admissions process, it is not always a requirement. Some schools may consider other factors, such as your academic background, leadership experience, extracurricular activities, and overall fit with the program.
If you are considering an MBA without work experience, it is important to research the admissions requirements of different programs and tailor your application accordingly. You may need to provide additional information about your skills, achievements, and goals in order to demonstrate your potential as a business leader.
Best MBA Universities in the USA
Now you know all the key points related to MBA in the USA for Indian students. The next step is to choose the right MBA college or university. Here is the list of best MBA universities in the USA along with the tuition fees for MBA in the USA for India Students:
| University | QS World University Rankings | Tuition Cost of MBA (first year) |
| Stanford Graduate School of Business, Stanford University | 1 | $79,860 |
| Wharton School, University of Pennsylvania | 2 | $87,370 |
| Sloan School of Management, Massachusetts Institute of Technology | 3 | $82,000 |
| Harvard Business School, Harvard University | 4 | $74,910 |
| Columbia Business School, Columbia University | 8 | $84,496 |
| Haas School of Business, University of California Berkeley | 10 | $82,059 |
| Kellogg School of Management, Northwestern University | 14 | $112,336 |
| Anderson School of Management, University of California, Los Angeles | 15 | NA |
| Yale School of Management, Yale University | 17 | $82,200 |
| Stern School of Business, New York University | 19 | $84,180 |
MBA Fees in the USA
The cost of studying for an MBA in the USA for Indian Students ranges from USD 45,000 to 77,000 (INR 32.9 Lakhs – INR 58.5 Lakhs) per year. However, an MBA from a top 10 business school can cost more than 1 cr. In addition, you will need to pay the expenses before arrival.
Pre-arrival expenses
This section includes the cost of applying for a visa and fees for the various tests and entrance exams required to study in the US:
- Program Application Fee: Rs. 0.07 Lakhs – 0.15 Lakhs
- US Student Visa Application Fee: Rs. 0.13 Lakhs
- TOEFL/IELTS Fee: Upto Rs. 0.14 Lakhs
- GRE Fee: Rs. 0.16 Lakhs
MBA in USA Cost of Living
In this section, the cost-of-living expenses in the USA will be provided to you:
- Accommodation: Rs. 0.75 lakhs- 1.50 lakhs (Monthly)
- Health Insurance: Rs.0.34 lakhs- 0.53 lakhs (Monthly)
- Meals: Rs.0.02 lakhs- 0.03 lakhs
- Personal Expenses: Rs. 0.22 lakhs- 0.45 lakhs (Monthly)
- Transportation: Rs. 0.07 lakhs- 0.22 lakhs (Monthly)
Scholarship for MBA in USA
Given that higher education has overtaken homeownership as the second largest lifetime expense, it’s no wonder so many students are turning to scholarships for help.
Here is the list of best MBA scholarships, especially for international students from all countries and mostly from India.
- Arizona State University W. P. Carey Forward Focus MBA Scholarship
- Harvard University – MBA Scholarships In US, 2021
- Joseph Wharton Fellowships
- McKinsey Award at MIT Sloan
- NYU Stern School of Business – William R. Berkley Scholarships In US
- Ritchie-Jennings Memorial Scholarship
- The University of Houston MBA Scholarship
- University of Chicago Booth School of Business Scholarship
- University of Florida Warrington College of Business
- Wharton’s Emerging Economy Fellowships
MBA Salary in the USA
Whether there is a recession or a booming market, there will be a huge demand for MBA jobs in the US. The salary of an MBA in popular MBA positions is quite high and one can achieve success in one’s career over time.
MBA graduates can get the opportunity to work in some of the most prestigious organizations in the world. The best business schools in the USA offer excellent opportunities to work with Fortune 500 companies.
Leading technology organizations such as Amazon, Google, Microsoft, & eBay and popular consulting firms such as McKinsey & Company, Boston Consulting Group Inc. (BCG), Bain & Company and Deloitte prefer to hire talent from popular MBA programs in the US.
Knowledge Bite –
According to the US Department of Education, the US is the world’s largest MBA ecosystem with approximately 125,000 students enrolled annually. According to a survey by GMAC recruiters, the average starting salary for MBA graduates is around Rs. 80 lakhs per annum. MBA in Finance is one of the highest paying MBA specializations with a base salary of Rs. 95 lakhs.
Top Recruiters for MBA in the USA
In the United States, top MBA recruiters can vary depending on the industry, but some several prominent companies and organizations consistently hire MBA graduates from leading business schools. Here are some of the top MBA recruiters in the USA across different sectors:
Consulting Firms
- McKinsey & Company
- The Boston Consulting Group (BCG)
- Bain & Company
- Deloitte
- PricewaterhouseCoopers (PwC)
Technology and Tech Consulting
- Amazon
- Apple
- Microsoft
- IBM
Investment Banking and Finance
- Goldman Sachs
- JPMorgan Chase & Co.
- Morgan Stanley
- Bank of America Merrill Lynch
- Citigroup
Healthcare and Pharmaceutical
- Johnson & Johnson
- Pfizer
- Eli Lilly and Company
- Amgen
- UnitedHealth Group
Consumer Goods and Retail
- Procter & Gamble
- The Coca-Cola Company
- Walmart
- Amazon
- Target
Energy and Utilities
- ExxonMobil
- Chevron
- Duke Energy
- ConocoPhillips
- NextEra Energy
Manufacturing and Automotive
- General Electric (GE)
- General Motors
- Ford Motor Company
- Boeing
- 3M
Private Equity and Venture Capital
- The Blackstone Group
- KKR (Kohlberg Kravis Roberts)
- Sequoia Capital
- Andreessen Horowitz
- SoftBank Group
Nonprofit and Social Impact
- Gates Foundation
- World Bank
- United Nations
- Teach for America
- Red Cross
These companies are known for their strong MBA recruitment programs, offering competitive salaries and career development opportunities to MBA graduates. However, it’s essential to research and target organizations that align with your career goals and values, as the best MBA recruiter for you may depend on your specific aspirations and industry preferences.
Conclusion
There you go! You have the info you wanted for pursuing an MBA in the USA. Do you want to make a career decision now? Not settled yet. In case you feel indecisive or confused, do dial us up.
For any further information, please don’t hesitate to reach out to iDreamCareer. Our comprehensive program aims to provide students with immersive experiences in diverse cultures, fostering a global mindset and offering valuable international exposure. We have a wide range of destinations and prestigious universities available to cater to each student’s unique passions and goals. Our guidance has resulted in numerous success stories, one of which is Tofiq’s incredible journey. Tofiq applied to well-known institutions such as University College London, the University of Glasgow, and the University of Berkeley. He received acceptance offers from all three, accompanied by impressive scholarships amounting to over Rs 1.18 Crore. With iDreamCareer’s constant support, the opportunities are limitless.
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MBA in USA: FAQs
Yes, you can pursue MBA in the USA without prior work experience. Some of the best MBA universities in the USA are – Wharton MBA (University of Pennsylvania), Chicago Booth School of Business (University of Chicago), Columbia Business School (Columbia University), Yale School of Management, Stanford Graduate School of Business, etc.
Yes, you can pursue MBA in the USA without GMAT. Some of the top MBA universities in the USA are – Northwestern University, Suffolk University, University of Phoenix, Pace University, University of Delaware, University of St. Thomas, etc.
It is a dream for Indian students to do an MBA in the USA. However, an average MBA in the US costs around 70 lakhs per year. It is only a fee and you will also have to pay seven to eight lakhs for living expenses. This can be difficult to manage for many worthy students.
Keeping this in mind, we have compiled a list of affordable MBA universities in the USA for Indian students. They are – the University at Buffalo, Lamar University, Iowa State University, University of California Miramar, etc. Their average tuition fees range from Rs. 9 lakhs to Rs. 17 lakhs per annum.
To pursue an MBA in the USA from India, start with thorough research on available courses and your specific career goals. Check eligibility criteria and application deadlines. Prepare essential documents like SOP, essays, and LORs. Ensure your application is submitted well before the financial aid deadline. You can access MBA application forms by downloading them from the university’s official website or filling them out online. Be diligent in your preparations to secure admission successfully.
Anushree Rastogi is a Senior Content Writer at iDreamCareer, bringing over 5 years of expertise to the field of career counseling. She has done a PGDM in Marketing and Finance and possesses a unique blend of skills that allows her to craft engaging and informative content. She is passionate about helping individuals navigate their career paths and has dedicated her career to providing valuable insights through her content. Her commitment to excellence and keen understanding of the career landscape make her a trusted guide for those seeking professional direction. With a flair for clear and engaging writing, Anushree is on a mission to empower others to make informed and fulfilling career choices.
It is very nice blog and very informative.
Thankyou so much
Very Informative
Thankyou so much!