Master of Business Administration in the USA is one of the world's most prestigious and sought degrees by national and international students.
If you want to study MBA in the USA and know more about the top universities for an MBA in the USA, Master of Business Administration fees and admission requirements, this MBA in USA guide is for you.
The United States of America is also regarded as the birthplace of the Masters of Business Administration. The Global Ranking of Financial Times says that 51 top business schools from the USA come in the top 100 names.
Like other locations, MBA in the USA is a two-year-long master's program that educates students about business and management.
Why Study MBA in the USA?
Settling for one study abroad location for MBA can challenge many students. The student should assess all the pros and cons before deciding. For any student, the USA has emerged as the best option for pursuing their MBA degrees. Let's see what are the advantages of doing an MBA in the USA
- The USA has excellent global business schools, like Harvard Business School, per QS Global MBA ranking. For instance, 13 of the top 25 MBA Programs are in US Business Schools.
- Many USA universities offer internships and placements for MBA graduates with attractive MBA packages.
- The average salary for MBA graduates in the USA is around USD 100,000. As a result, the USA is one of the most generous countries in the world in terms of offering salaries to MBA pass outs.
- US Economy is the most robust economy in the world. Thus, there is a vast scope of MBA graduates in the US job market.
- MBA degree obtained from the USA is revered all around the world; thus, after passing a Master of Business Administration in the USA, students can go to other top countries like Australia, Canada, UK etc., to pursue a career in MBA
Top Universities for Masters of Business Administration in the USA
The USA is home to the best business schools and top universities for MBA worldwide. As mentioned above, they are known for their modern teaching approach and exposure.
If you have decided to study in the US, selecting an educational institution is the first step towards achieving this goal. Here are some of the most famous names in this list:
- Stanford Graduate School of Business
- Harvard Business School
- Columbia Business School
- Yale School of Management
- Sloan School of Management
- Wharton University
- Columbia University
- University of California- Berkeley Campus
- Duke University
- Yale University
- Cornell University
- Indiana University
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Talk to an ExpertTop Courses for MBA in the US
Students can choose a specific course that prunes their skills in a particular specialization based on their interests.
The business schools of the USA provide a broad spectrum of options for selection. International students generally opt for the following courses:
● Consulting
● Marketing
● Finance
● Information Management
● Technology
● Entrepreneurship
Tuition Fee & Other Expenses for MBA in the United States
The total fee of studying MBA in the USA depends upon the university chosen by the student.
Other factors affect the fees, including region, specialization, city, etc. For instance, if you are selected by the best institutions like Harvard or Stanford, the tuition fee is around US$120,000.
On the other hand, fees for other B-Schools are approximately US$70,000 for international students.
This is comparatively higher than what the charges are for a domestic student. Here is a glance over the MBA course fee in different institutions.
| University/College Name | Total Course Fee |
| Stanford Graduate School of Business | $166,578 |
| Harvard Business School | $157,136 |
| Columbia Business School | $165,184 |
| Yale School of Management | $160,936 |
| Sloan School of Management | $302,270 |
Academic Requirements for MBA in the US
All applicants must comply with the regional eligibility criteria to increase their chances of getting into one of the top business schools in the USA.
The academic requirements differ according to the university a student selects. But, the general eligibility requirements remain the same:
Students must provide a particular set of documents to get admission to any American university.
The documentation requirement for pursuing MBA in the US varies in different colleges. However, they generally ask for the following:
Stanford Graduate School of Business
● Duration: 2 years (full-time)
● Requirements:
o Complete 4 year Bachelor's degree from a recognized university with a minimum 3.6 GPA
o English proficiency- PTE (68), TOEFL (100), IELTS (7), or GMAT (730)
o 3 Letters of Recommendation
o Statement of Purpose
● Application Intake: Round-based Intake (Check Official Website)
● Application Fees: USD 275
Harvard Business School
● Duration: 2 years
● Requirements:
o Bachelor degree from a recognized university with at least a 3.0 GPA on a 4.0 scale
o Applicant must have studied Science & Math in their Junior College
o GMAT: 730
o English Proficiency Test Scores- IELTS (7.5), TOEFL (109), etc.
o Letter of Recommendation
o Statement of Purpose
o Proof of Finances
o CV or Resume
o Transcripts from previous College Education
● Application Intake: September & January (for Rounds 1 & 2 respectively)
● Application Fees: USD 75
Columbia Business School
● Duration: 2 years (full-time)
● Requirements:
o Bachelor degree from a recognized university
o English Proficiency Scores- TOEFL (100), IELTS (7.5), GMAT (720), etc.
o Letter of Recommendation
o Statement of Purpose
o Minimum 5 years of Overall Work Experience
o Academic Documents & Transcripts
o Resume/ CV
● Application Intake: August
● Application Fees: USD 250
Yale School of Management
● Duration: 2 years (full-time)
● Requirements:
o Bachelor degree from a recognized university or Equivalent Qualification
o English Language Proficiency Test- IELTS (7), TOEFL (100), etc.
o Complete Transcripts & Academic Documents
o Resume or CV
o Letters of Recommendation
o Video Essay (might be required)
● Application Intake: Check the Official Website
● Application Fees: USD 250
Sloan School of Management
● Duration: 2 years (full-time)
● Requirements:
o Bachelor degree from a recognized university or any other Qualification equal to the certification
o Scores from English Proficiency Tests-
o Resume or CV
o Letter of Recommendation
o Transcripts of previous Education
o Video Statement of Purpose, etc.
● Application Intake: Check the Official Website
● Application Fees: USD 250
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General Requirements For Studying MBA
Applicants with no work experience are accepted in a few institutions. However, students with experience have the upper hand over those who don’t. You will have to check the university-based requirements from their official website.
● Applicant should have at least 15 or 16 years of education (including schooling and undergraduate course)
● Pass Result in the required English Language Proficiency Test
● Pass Result in GMAT or GRE (minimum 600 or 300+ scores)
● Work Experience (minimum 2-3 years)
Need for English Proficiency Tests
Every university demands a minimum passing English proficiency from students from non-English speaking nations before admission. The score and exam may differ depending on the university.
With a validity of 2 years, these tests are essential for getting admission to any American University. Generally, institutions request scores in IELTS or International English Language Testing System. Therefore, students are asked to prepare, appear, and clear this exam.
Scholarships for International Students in the USA for MBA
There are various scholarship programs in the USA for international students to fund their education. Various universities, as well as NGOs, work to encourage education and higher studies by providing scholarships. The US government has also launched a few scholarships to support the expenses of international students.
● Chicago Booth University Scholarships
It is given in two categories named Akhtarali H. Tobaccowala, which provides 1 million USD for the student. The next one is Ramakrishnan Family Scholarship, which gives $25,000 per annum to the students.
● Stanford Reliance Dhirubhai Fellowship
It is for Indian students pursuing their MBA at Stanford University. Under this scholarship, the student gets the complete cover of his or her tuition fee.
Job Opportunities after MBA in the USA
International students receive job opportunities after completing their MBA in the United States.
Also, the offers are from leading companies, and applicants receive significant payrolls. Here are a few job prospects that students can pursue after finishing their Masters of Business Administration in the USA:
● Assistant BD manager [$99,000 per annum]
● Project manager [$106,000 per annum]
● General manager [$128,000 per annum]
● Human resource manager [$144,000 per annum]
● Business development manager [$128000 per annum]
