MBA in USA: Universities, Fees, and Eligibility for Indian Students

MBA in USA - MBAs in the United States are among the most popular postgraduate degrees, with over 600 universities offering them. The average yearly tuition for a two-year MBA in the United States surpasses 50 lakhs. Tuition and fees for attending any of the top MBA programmes in the United States may cost up to 75 lakhs or more. To pursue a Master of Business Administration in the United States, Indian candidates must have an academic score of ~90% and a GMAT score of 700+.

According to the US Department of Education, the United States has the world's largest MBA ecosystem, with around 125,000 students enrolled each year. The average base starting wage for MBA grads is roughly 91 lakh INR, according to the GMAC recruiting study. MBA in Finance is one of the highest-paying MBA specialisations in the United States, with a base salary of 88 lakhs INR. McKinsey, Goldman Sachs, and JP Morgan are the highest-paying recruiters in the United States that offer opportunities following an MBA.

MBA in USA

Many overseas students aspire to study MBA in the United States because of the high-quality education and world-renowned MBA colleges. There are around 500 universities in the United States where overseas students can apply to attend MBA programmes. Students can check the highlights to learn more about MBA costs in the United States, popular specialisations, and other information.

MBA in USA - Eligibility Criteria for Indian Students

GPA, deadlines, TOEFL-iBT score, and job experience are all factors that influence MBA college admissions in the United States. Thus, overseas applicants must begin planning their studies at least 1.5 years in advance to enable enough time for visa procedures upon admission.

Eligibility for an MBA in the United States requires a candidate to be evaluated on a variety of parameters. Some of the basic criteria that an overseas student must be eligible for are as follows:

Completion of 16 years of education: This implies you must have a 10+2+4 education or have completed a four-year bachelor's programme.

Standardised Exam Scores: Qualifying into any of the business schools in the United States will most likely demand a decent GMAT score. Some colleges may accept GRE equivalents.

Language proficiency Scores: International applicants must produce TOEFL, IELTS, PTE, or similar test scores to demonstrate their English language competency.

Work Experience: Most MBA programmes in America require applicants to have at least 3 to 5 years of work experience. However, this varies by university and the sort of MBA programme selected.

Documents Required to Study MBA in the USA

International students wishing to study abroad must submit a few more documents. A few of these are listed below:

• Academic transcript, GMAT/GRE scores.

• Letters of recommendation

• Minimum English proficiency Test score:

  • IELTS: 7.0

  • TOEFL iBT: 100

  • PTE: 54.

• Resume

• Statement of Purpose for MBA, Cover Letter, and USA Student Visa.

MBA in USA - Universities and Cost for Indian Students

The total cost of an MBA in the United States includes the amount paid by an international student before leaving their home country, as well as tuition and living expenses in the United States. The following sections detail some of the costs associated with earning an MBA in the United States.

MBA tuition fees in the United States range between USD 45,000 and USD 77,000 (36.78 Lakhs INR-62.94 Lakhs INR) each year. However, an MBA degree from one of the top ten business schools can cost more than one crore. There are a few budget MBA universities in the United States for Indian students that provide the programme at a lesser cost. The following are MBA tuition costs at some of the best business schools in the United States.

Conclusion

International students can discover the best MBA programmes at leading colleges in the United States. The country's variety and exposure provide several options. The greatest colleges, such as Stanford or Berkeley, will teach you the curriculum in a unique way.

A Master of Business Administration in the United States might cost between $150,000 and $170,000 USD in total over two years. The cost of an MBA in the United States for Indian students is often approximately one crore or more. Despite the high fees, graduate institutions in the United States stand out for business/management programme applicants since it is the origin of the MBA programme.

FAQs

Q.1. How long does it take to earn an MBA in the United States?

Ans: Full-time MBA programmes normally last two years, although part-time and executive MBA programmes might take three to four years to finish. Some institutions offer expedited programmes, and students can even pursue a one-year MBA in the United States.

Q.2. Can I acquire PR in the United States after completing my MBA?

Ans: After finishing an MBA in the United States, graduates are eligible for optional practical training (OPT), which is a 12-month term during which they can live and work in the United States. This allows you to work in any industry connected to your area of study. You may also look into what to do after studying in the United States to learn about other intriguing options!

Q.3. What is the average age of MBA students in the United States?

Ans: The average age of MBA students in the United States varies according to programme type. According to the Graduate Management Admission Council, the average age of full-time MBA students in the United States is around 28 years. The average age of executive MBA students in the United States is 38 years.