10 Most Affordable MBA Colleges in USA

10 Most Affordable MBA Colleges in USA

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Aishwarya Bhatnagar
Study Abroad Expert
Updated on Oct 20, 2023 12:25 IST

Top MBA Colleges in USA with Low Fees: The United States is the home of some of the world-ranked universities. When it comes to studying MBA Abroad, UK universities have gained an impressive record. MBA from US universities has an individual weightage on your resume. So many international students want to do MBA in the US at an affordable tuition fee. The cost of studying MBA in the US is between INR 5 to INR 30 lakh for the first year. In this article, we will cover all these details of an affordable MBA in USA for Indian students.

Affordable MBA Colleges in USA

MBA in the US is a highly competitive program among international students and of tuition fees automatically rise for overseas students. There are many MBA colleges in the USA for Indian Students that offer an affordable management program. These universities follow similar teaching strategies similar to other top MBA colleges in the USA.

Affordable MBA in the USA for Indian Students

Since MBA fees in USA for Indian students are very high, below are some of the alternative options for the most affordable MBA universities in the US where international students can apply for admission.

1) Worcester State University

Worcester State University’s master’s in business admission program helps in optimizing business operations to increase the consumption of goods and services. This University offers the cheapest MBA in the USA, check out the details below:

  • Accreditation – New England Commission on Higher Education, Inc. (NECHE)
  • 1st-Year Tuition Fees – 5.14 lakh
  • Course Duration – 1.5 years

2) Polytechnic University of Puerto Rico

The Master of Business Administration (MBA) program at the Polytechnic University of Puerto Rico allows graduate instruction leading to a degree to manage general business, healthcare management, etc. This is the second MBA college in USA with low fees. 

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  • Accreditation – Middle States Commission on Higher Education (MSCHE)
  • 1st-Year Tuition Fees – 6.69 lakh
  • Course Duration – 1.5-2 years

3) Cameron University

The Master of Business Administration (MBA) degree is designed for working professionals seeking a competitive advantage in the business world students get management skills and an integrated understanding of business environments at Cameron University.

  • Accreditation – Lone Star Conference, NCAA Division II
  • 1st-Year Tuition Fees – 8.04 lakh
  • Course Duration – 2 years

4) Southeast Missouri State University

International students get a high-quality accredited MBA program at SMSU at an affordable cost. The university has 9 different MBA options in offline and online courses.

Accreditation – Higher Learning Commission on Institutions of Higher Education (HLCCIHE)

1st-Year Tuition Fees – 8.38 lakh

Course Duration – 2 years

5) Northeastern State University

Northeastern State University offers a Master of Business Administration (MBA) program online, blended, and face-to-face. This program is for working professionals and may be completed in 2 or less than 2 years.

  • Accreditation – Accreditation Council for Business Schools and Programs
  • 1st-Year Tuition Fees – 9.27 lakh
  • Course Duration – 1.5-2 years

6) Central Michigan University

Central Michigan University MBA program is accredited by the world’s largest business education alliance i.e. AACSB. The MBA program prepares the business graduate for leadership positions in the global economy.

  • Accreditation – Association to Advance Collegiate Schools of Business International (AACSB)
  • 1st-Year Tuition Fees – 10.19 lakh
  • Course Duration – 1.5-2 years

7) Minnesota State University

Minnesota State University MBA program gives the knowledge of the tools that graduates require to succeed in a global business economy. Classes are available in eight-week modules.

  • Accreditation – Association to Advance Collegiate Schools of Business International (AACSB)
  • 1st-Year Tuition Fees – 10.00 lakh
  • Course Duration – 2 years

8) University of South Dakota

The MBA program at the University of South Dakota gives real-world skills to take an administrative role in any organization.

  • Accreditation – Association to Advance Collegiate Schools of Business International (AACSB)
  • 1st-Year Tuition Fees – 11.61 lakh
  • Course Duration – 1.5 years

9) Missouri State University

Missouri State University is one of the most affordable MBA universities in the US. Students can choose this university to get a quality education in the business program.

  • Accreditation – Association to Advance Collegiate Schools of Business International (AACSB)
  • 1st-Year Tuition Fees – 15.58 lakh
  • Course Duration – 2 years

10) Lehman College

Lehman College offers the cheapest MBA in the USA for international students in multiple specializations like finance, human resource management, international business, marketing, etc.

  • Accreditation – Middle States Commission of Higher Education (MSCHE)
  • 1st-Year Tuition Fees – 18.17 lakh
  • Course Duration – 1 year

Types of MBA in the US

Students can find affordable MBA programs in USA universities in the following types.

  • Part-Time MBA: As per the name, Part-Time MBA programs are for working professionals who want to get a management degree along with their employment. The duration of the course extended from two to four years.
  • Full-Time MBA: The Full-Time MBA program takes 1.5-2 years at any university in the US. Students learn core business subjects in their first-year program and then they can choose a specialization in the second year.
  • Executive MBA: Executive MBA programs are especially for business professionals who have 5-10 years of experience.

Reasons to Study MBA in the US

Studying for a Master of Business Administration (MBA) in the United States offers several advantages and opportunities. Here are some reasons why studying for an MBA in the US is worth considering: High-quality Academics: The United States is renowned for its excellent MBA programmes. These courses impart fundamental business skills in a variety of fields, including accounting, marketing, and finance.

  • Learning from Top Faculties: You can learn from renowned professors who are authorities in their industries if you get an MBA in the US.
  • Networking Opportunities: Numerous networking possibilities are available in the US both throughout your MBA programme and after you graduate. There is a sizable global alumni network for several US business schools. Developing relationships with people from a variety of industries will help your employment possibilities in the future.
  • Career Opportunities: MBA graduates have a wide range of employment options because of the abundance of startups and global corporations in the US. Additionally improving your employability and providing access to high-profile career opportunities is the reputation of US MBA programmes.
  • Industry Knowledge: Students who enrol in an MBA programme in the US get the ability to adapt to dynamic business environments and developing industries. In the competitive corporate environment of today, adaptation is essential.
  • International Reputation: Internationally, US degrees, especially an MBA, are highly regarded. Your professional credibility can be enhanced and your prospects of success in the global job market increased by having a degree from a US business school.
  • Access to Resources: Modern facilities and resources are frequently offered by US business schools to complement your educational experience. Libraries, research facilities, and access to industry specialists are a few examples of these resources.

Keep in mind that getting an MBA requires a sizable commitment of time, energy, and money. Finding an MBA programme that fits your career goals and offers the best chances for your future success requires extensive research and evaluation of various MBA programmes.

Does an Affordable MBA in USA for Indian Students Mean Low Quality?

An affordable MBA program in the US for Indian students does not necessarily mean low quality. Although it is a significant factor, the price of education does not affect the program's quality. In the US, there are many reasonably priced universities and schools that provide top-notch instruction and reliable MBA programmes.

By concentrating on elements like as faculty competence, curriculum design, industry ties, and learning materials, affordable MBA programmes in the US can offer a high-quality education. Many institutions work to provide a balance between academic achievement and affordability, making sure that students receive a worthwhile education without sacrificing quality. Remember, affordability and quality are not mutually exclusive. It is possible to find an affordable MBA program in the US that provides a high-quality education and prepares you for a successful career in the business world.

For help with university applications, students seeking to study abroad can contact our Shiksha Study Abroad Counsellors. The comments section below allows candidates to contact us as well.

More related articles for Studying in the US:

Affordable MBA Colleges in USA FAQs

Q. Is it worth pursuing an MBA in the US?

A. It may be worthwhile to pursue an MBA in the US for a variety of reasons. First off, prominent universities and colleges in the US are regarded for offering MBA programmes of the highest calibre. These courses give students a thorough education across a range of business disciplines and provide them with crucial management skills. Furthermore, studying in the US provides students with a diverse learning environment that allows them to interact with classmates from various cultural and professional backgrounds, widening their perspectives. Additionally, the US offers lots of networking opportunities that can help with future career prospects, both throughout the programme and after graduation. Additionally, the US is home to a large number of international corporations and startups, providing MBA graduates with a wide choice of professional prospects.

Q. What are the admission requirements for studying an MBA in the US?

A. The admission requirements for studying an MBA in the US can vary depending on the university or college. However, some common requirements include:

  • Bachelor’s Degree: The majority of US MBA programmes demand that applicants have a four-year bachelor's degree from a recognised university.
  • Standardized Test Scores: Many MBA programs require applicants to submit their exam results, such as the GRE or the GMAT. These exams determine a candidate's suitability for graduate-level business coursework.
  • English Language Proficiency: International applicants whose native language is not English are typically required to demonstrate English language proficiency by submitting scores from tests such as the TOEFL or IELTS.
  • Work Experience: Many MBA programmes favour applicants with some job experience, while it is not necessarily required. Usually, between two and five years of work experience is necessary, though this can vary. Work experience improves the learning process in the MBA programme and helps exhibit practical expertise.
  • Application Documents: Application documents include an SOP, 2-3 LORs, admission essays, etc.

Q. What points should I consider before applying to low fees MBA colleges in USA?

A. When considering low-cost MBA colleges in the US, there are several points to keep in mind:

  • Quality of Education: While price is a consideration, it is crucial to make sure the college you select has a good MBA programme. To evaluate the educational value, look into the college's reputation, faculty credentials, curriculum, and alumni success.
  • Accreditation: Check to see if the college has received accreditation from reputable agencies. Accreditation might affect the worth of your degree and ensure that the institution satisfies specific quality requirements.
  • Financial Aid: Find out whether there are any financial aid programmes, scholarships, or assistantships available. These can make the programme more affordable by helping to defray the cost of tuition.
  • ROI: Think about the MBA program's possible return on investment. Examine the college's career services, job placement rates, and graduation average wages. The program's investment may be justifiable if the ROI is higher.
  • Networking: Look into the networking opportunities provided by the college. A strong alumni network and connections with industry professionals can enhance your career prospects.
  • Student Support Services: Examine the college's support services, including academic assistance, career counselling, and mentoring. Your success and overall learning experience can both benefit from these offerings.
  • Student Reviews: Read testimonials and ask current or previous college students for their opinions. Their experiences can shed light on the calibre of instruction, the calibre of the faculty, and the general level of student happiness.

Q. Which are the top MBA colleges in the US?

A. The top MBA colleges in the US can vary depending on different rankings and sources. However, some renowned institutions consistently appear among the top rankings. Here are a few examples:

  • University of Chicago (Booth)
  • Northwestern University (Kellogg)
  • University of Pennsylvania (Wharton)
  • Columbia Business School
  • Harvard Business School
  • Stanford Graduate School of Business
  • Massachusetts Institute of Technology (MIT) Sloan School of Management
  • Yale School of Management
  • University of California, Berkeley (Haas)
  • University of Michigan, Ann Arbor (Ross)

Please be aware that rankings can vary depending on the techniques and standards employed by different sources. When choosing an MBA college, it is crucial to undertake extensive research and take into account variables including programme options, instructors, alumni network, and employment chances. Remember that your unique goals, interests, and programme fit will determine which institution is the "top" MBA College for you.

Q. What are some top industries where an MBA graduate can be placed in the US?

A. MBA graduates in the US have opportunities to work in various industries. Here are some top industries where MBA graduates can be placed:

  • Consulting: Management consulting firms hire MBA graduates to provide strategic advice and solutions to clients across industries.
  • Finance: Careers in finance, such as investment banking, private equity, venture capital, asset management, and corporate finance, are popular choices for MBA graduates.
  • Technology: In technological businesses, MBA graduates can work in areas including product management, business development, and strategic planning.
  • Healthcare: For MBA graduates, the healthcare sector offers prospects in fields like healthcare startups, hospital management, pharmaceuticals, and consulting.
  • Energy: MBA graduates can make a difference in the energy sector by working in positions that are related to sustainability, oil and gas, utilities management, and renewable energy.
  • Manufacturing: With a focus on operations management, supply chain optimisation, and process development, MBA graduates can find employment in the manufacturing industry.
  • Real Estate: MBA graduates can pursue careers in real estate development, investment, asset management, and property consulting.
About the Author
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Aishwarya Bhatnagar
Study Abroad Expert

Aishwarya is a professional Writer currently working as a Study Abroad Expert in the Editorial Team at Shiksha. She has over 5 years of experience and is skilled at creating Online Content with leveraged knowledge i... Read Full Bio

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Expert in MS in USA

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hello, I am kelvin christian. recently, I have done my Bachelors in business management and I want to pursue my master from the usa.can you suggest some good university wiith high acceptance rate.

Reply to Kelvin Christian

How much should be the ITR filing for USA?

Reply to Jenniffer Joice Godly


Aprant Agarwal

7 months ago

Hello. Please refer to the following link: https://www.shiksha.com/studyabroad/financial-documents-required-applycontent51030

I am doing bcom from India and after graduation I want the cheapest college for mba so that I can work and clear my tuition fee

Reply to Priyanka Chettri


Piyush Kohli

3 years ago

Hi Priyanka, please go through the above article we have given the list of affordable colleges for MBA in US.


Burhan Unver

4 years ago

Can I apply to the MBA program without any IELTS or TOEFL exam result?

Reply to Burhan Unver


4 years ago

Yes, N. L. Dalmia Institute of Management, Mumbai offers a 2 year Full time Global MBA program, without GMAT/ GRE and TOEFL. Moreover, they even have a waiver for Work experience which is usually required.



5 years ago

Hi. I have B Tech in Computer Science with 70+%. I have 6+ years of experience in reputed Indian compny. I want to do 1 year full time MBA from USA. Wan to know of low fees colleges.

Reply to ABC ABC

Hi, here is a comprehensive list of MBA programs in US, you may filter out colleges as per your budget https://studyabroad.shiksha.com/usa/mba-colleges-dc