MBA in USA: Colleges, Courses & Fees
552 MBA Universities & Colleges in USA
There are around 553 MBA universities in the USA. Out of these around 288 universities are publicly funded while 265 are privately owned universities. MBA in the USA is one of the most sought-after courses among international students. According to the US Department of Education, the USA is the largest MBA market in the world with more than 1,50,000+ students pursuing their MBA annually. The big number should not discourage you as the size of the US economy absorbs the number of MBA graduates looking for better opportunities.
MBA in USA highlights
| Factors |
Particulars/Statistics |
|---|---|
| Total no. of MBA colleges in USA |
550 approx |
| MBA cost in USA |
Living expenses: Rs 27 L (Approx. for one year) Tuition fees: Rs 8 L (Approx. for one year) |
| Top Specializations |
MBA in Finance, MBA in Entrepreneurship, MBA in Operations Management, MBA in Consulting, MBA in Information Systems/Information Technology |
| Exams required |
MBA in USA is one of the most sought-after destinations for international students is a cliché! Everyone knows that the USA is the topmost choice for students looking to pursue an MBA abroad. With home to the highest number of top business schools in the world, US is a no-brainer for those looking to make big in their professional journey.
There are around 553 MBA universities in the USA. Out of these around 288 universities are publicly funded while 265 are privately owned universities. MBA in the USA is one of the most sought-after courses among international students. According to the US Department of Education, the USA is the largest MBA market in the world with more than 1,50,000+ students pursuing their MBA annually. The big number should not discourage you as the size of the US economy absorbs the number of MBA graduates looking for better opportunities.
MBA in USA highlights
| Factors |
Particulars/Statistics |
|---|---|
| Total no. of MBA colleges in USA |
550 approx |
| MBA cost in USA |
Living expenses: Rs 27 L (Approx. for one year) Tuition fees: Rs 8 L (Approx. for one year) |
| Top Specializations |
MBA in Finance, MBA in Entrepreneurship, MBA in Operations Management, MBA in Consulting, MBA in Information Systems/Information Technology |
| Exams required |
MBA in USA is one of the most sought-after destinations for international students is a cliché! Everyone knows that the USA is the topmost choice for students looking to pursue an MBA abroad. With home to the highest number of top business schools in the world, US is a no-brainer for those looking to make big in their professional journey. You can look at any prominent ranking publisher, QS, THE, or FT (Financial Times), USA houses the maximum number of top MBA programs worldwide.
Types of MBA in USA
When we say about the types of MBA then people tend to relate it to full-time MBA. However, there are other MBA degrees as well like part-time MBA and online E-MBA degrees. Some of the different types of MBA programs are mentioned below.
Full-time MBA
A full-time MBA program is offered to students pursuing the degree on campus. Many of the two-year MBA programs are recognized under STEM degrees
Part-time MBA
Professionals who are pursuing the MBA program while continuing with their jobs/work prefer these.
Executive MBA
This is a popular MBA degree for experienced professionals who wants to move ahead in their career and wants to gain an advanced level degree. Some EMBA degrees are recognized as STEM degrees.
Online MBA
This form of MBA degree is quite popular among professionals these days as they can study it from their home while making their schedule.
Top 10 Ranking MBA Colleges in USA
Here is a list of the top full-time MBA programs in the USA by QS:
| Top B-Schools in USA |
QS - Global MBA Rankings 2023 |
|---|---|
| #1 |
|
| #2 |
|
| #3 |
|
| #4 |
|
| #5 |
|
| #6 |
|
| #7 |
|
| #9 |
|
| #8 |
|
| #10 |
(Source: QS)
Top MBA Universities in USA - US News Rankings 2023
Here is a list of popular business schools in the USA as ranked by US News (2023).
| Top B-Schools in USA |
Best Business Schools in USA - US News & World Report Rankings 2023 |
|---|---|
| Stanford University |
#6 |
| University of Pennsylvania (Wharton) |
#3 |
| University of Chicago (Booth) |
#1 |
| Northwestern University (Kellogg) |
#2 |
| Harvard University |
#5 |
| Massachusetts Institute of Technology (Sloan) |
#4 |
| Columbia University |
#11 |
| New York University (Stern) |
#10 |
| Yale University |
#8 |
| Dartmouth College (Tuck) |
#6 |
Read more
MBA Specializations
- MBA in General Management
- MBA in Finance
- MBA in Marketing
- MBA in Entrepreneurship
- MBA in Human Resource Management
- MBA in Consulting
- MBA in Technology Management
- MBA in Operations Management
- MBA in Management Information Systems
MBA cost/fees in USA
- Average Tuition Fees for MBA in USA is Rs 27.14 L per year
- Cost of living in the USA Rs 8.14 L annually
Student Visa cost for the US
There are three types of US study visas: F1 Visa, J1 Visa, and M1 Visa are three different types of US student visas. The application fee for a study visa for the US is $160.
MBA Colleges in USA: Eligibility Criteria
The eligibility criteria for MBA courses may vary from one college to another. However, the basic admission criteria for MBA programs are as follows:
- A bachelor's degree in any discipline or equivalent from a recognized university
- A minimum score of 75% in bachelor's or equivalent CGPA
- GMAT score over 600
- Most of the universities require/recommend a minimum of two-three years’ work experience
Work permit after MBA in USA
Candidates need an F1-Visa to study MBA in the USA. This visa allows them to stay for 60 days in the USA after their graduation date. MBA graduates need to apply for the right visa to stay and work in the USA after their studies. F1 visa holders can apply for OPT (Optional Practical Training) after completing their studies. Optional Practical Training (OPT) is a one-year work and stay-back permit given to international students on completion of a degree program in the US. Working after MBA in the USA is one of the most important factors that students choose to pursue an MBA abroad. Students should know everything about the post-study work visa in the USA before applying for the program.
MBA Scholarships for USA
Studying MBA in the USA can be a costly affair for some, however, there are various popular scholarships available that one can apply to. The majority of the universities in the USA do not offer tuition fee waivers for a professional degree like MBA, therefore, students can look for scholarships to pursue MBA in the USA.
MBA jobs and salaries for USA
Whether there is recession or growth in the market, there will be a huge demand for MBA jobs in the USA. MBA salary for popular MBA job roles is quite high and with time one can achieve success in his/her career. MBA graduates can get the chance to work for some of the most reputed organizations in the world. Top business schools in the USA offer excellent opportunities to work with Fortune 500 companies. Top tech organizations like Amazon, Google, Microsoft, eBay and popular consulting firms like McKinsey & Company, Boston Consulting Group Inc. (BCG),
Bain & Company, and Deloitte prefer to hire talent from popular MBA programs in the USA. Students should know about the types of jobs they can undertake after completing their MBA degree.
List of top publicly funded MBA universities in USA
Here is a list of the top publicly funded MBA universities in the USA.
| University |
Course Fee (in Rs) |
|---|---|
| Arizona State University |
59.8 Lakhs |
| Texas A & M University |
63.1 Lakhs |
| The University of Texas at Dallas |
44.0 Lakhs |
| The University of Illinois at Chicago |
37.9 Lakhs |
| University of New Haven |
27.7 Lakhs |
(Source: Studyabroad.shiksha.com)
ROI of top MBA universities in USA
ROI (Return on Investment) is one of the most important factors for students while finalizing the school or country for studying MBA abroad. It assesses the return of the amount invested by the student while studying and the return he/she is going to get after completing the degree.
| University |
Average salary |
|---|---|
| Stanford |
Master of Business Administration: USD 140553 MBA in Entrepreneurship: USD 140553 |
| University of Pennsylvania |
Master of Business Administration: USD 130000 MBA in Entrepreneurship & Innovation: USD 130000 |
| Massachusetts Institute of Technology |
Master of Business Analytics (STEM): INR 114000 MBA Entrepreneurship & Innovation Track: USD 125000 |
Top MBA Recruiters
With home to most Fortune 500 companies, MBA graduates have plenty of opportunities to work in the USA. Below provided is the list of some top companies in the USA that recruit MBA graduates.
| University |
Top Recruiters |
|---|---|
| Harvard University |
A T Kearney | IBM | Accenture | Credit Suisse | Google | Amazon | Adobe | American Express | Amadeus |
| Stanford University |
Accenture | McKinsey | Google | VISA | Bank of America | Amazon.com | Apple | Facebook | Orange |
| The University of Chicago |
ABN Amro Bank | 3M | aol | Barclays Capital | ACCENTURE | Goldman Sachs | Adobe | JP Morgan Chase | arcelor mittal |
| University of Pennsylvania |
IBM | Microsoft | Google | UBS | Oracle | Bank of America | Local Oye | Yahoo | Amazon.com |
| Massachusetts Institute of Technology |
McKinsey | Adidas | Amgen | Dell | Bose | Amazon.com | Tesla | Boeing | Microsoft |
Also Read
| What is the difference between MS Business Analytics and MBA? |
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MBA Universities & Colleges in USA
Q: Which entrance exam is needed to pursue MBA in USA?
The Graduate Management Admission Test (GMAT) is one of the most important elements for those who wish to pursue an MBA in the USA. The aspirants need an impressive GMAT score to secure admission in the MBA programme in the USA.
For admission to some of the top B-Schools in USA, students need to have a relevant GMAT score. Below table showcases average GMAT scores required to get admission to top MBA universities in USA:
MBA Universities in USA | Average GMAT score |
|---|---|
733 | |
732 | |
730 | |
730 | |
730 | |
720 | |
727 | |
726 | |
720 | |
719 |
Q: Is MBA hard in the USA?
MBA can be as rewarding or hard as you make it. In the corporate world, one needs to stand on its own feet and an MBA programme prepares students for the upcoming challenges. MBA programs are designed to make graduates into competent business experts.
Q: How much does MBA cost in USA?
The average first-year cost of studying MBA in the USA is INR 35.26 lakh. This amount includes average annual tuition fees of INR 27.14 Lacs and average annual living expenses INR 8.13 lakh.
Below table showcases a list of the top publicly-funded MBA universities in the USA, along with their fees:
University | Course Fee |
|---|---|
Arizona State University | INR 59.8 Lakh |
Texas A & M University | INR 63.1 Lakh |
The University of Texas at Dallas | INR 44.0 Lakh |
The University of Illinois at Chicago | INR 37.9 Lakh |
University of New Haven | INR 27.7 Lakh |
Q: Which business school has the highest salary in the USA?
Students who are planning to study MBA in the USA can check below the highest salary of top business schools in the USA:
Business School | Median Starting Base Salary (2022) |
|---|---|
Penn (Wharton) | $175,000 |
Chicago (Booth) | $175,000 |
Stanford GSB | $175,000 |
Harvard Business School | $175,000 |
Columbia | $175,000 |
Dartmouth (Tuck) | $175,000 |
Northwestern (Kellogg) | $165,000 |
MIT (Sloan) | $165,000 |
Yale SOM | $160,110 |
UC-Berkeley (Haas) | $155,000 |
(Source: poetsandquants) Note: Due to the unavailability of the median salary of top business schools in the USA on the official website, the above data has been taken from unofficial sources. Hence, it is subject to vary. Students can also check, the Average salary of MBA grads of the world's Top B-Schools
Q: Is MBA in USA worth it?
MBA is great for those who want to work in senior positions or competitive high-level management roles. Not everyone thrives in his or her career even after pursuing MBA. However, a good MBA programme can open an array of career opportunities. Usually, MBA graduates get higher salaries than what they were getting earlier.
