700
Avg. GMAT
23
Avg. Age
$ 45,000
Avg. Cost of Study
24
Months Duration
$ 90K-100K
Avg. Salary
Program Costs & Living Expenses for MBA
There is no getting around the fact that getting an MBA is a costly investment. Nevertheless, it’s an investment with a healthy return given the wage opportunities. But what is the price of an MBA in other nations? Here is a list of the average annual tuition fees for different countries:
tuition for one year (in US dollars):
- Germany:10,050 – 27,830
- United Kingdom :15,070 – 34,800
- Netherlands: 15,125 – 24,080
- Canada: 18,840 – 42,755
- France : 19,360 – 38,115
- United States: 19 400 – 44 100
Top Ranking MBA Programs 2024
1. Harvard University- Harvard Business School
- MBA from Harvard is a 20-month program.
- Fees for MBA in Harvard $73,440.
- MBA length in USA is 21 months and MBA cost in USA’s Harvard is $110,000 annually.
Suggested Links: Harvard MBA Interview
2. Stanford Graduate School of Management
- MBA from Stanford is a 2-year full-time program
- MBA cost in USA’s Stanford is around 55,200
- Stanford MBA graduates earn around $257,563 annually.
Suggested Links: Stanford GSB MBA
3. MIT Sloan School of Management
- MIT MBA curriculum is based on rigorous and experiential learning.
- The MBA in USA fees for MIT is $197,000
- The graduates can get an average salary of $1,65,000.
Suggested Links: MIT Sloan MBA
4. The Wharton School
- MBA from Wharton is a 20-month program, including a 3.5-month summer internship.
- MBA cost in USA’s Wharton is $118,568, which includes tuition and fees of $84,874
- Graduates can get an average salary of $160,000.
Suggested Links: Wharton MBA Sample Essays
Eligibility Criteria for MBA
- Standardised test results, resumes, academic records, essays, and reference letters are frequently included with MBA applications.Both the GMAT and GRE test scores are commonly accepted by B-schools. However, some MBA programs that don’t require test results allow applicants to apply without doing so.
- Additionally, for candidates who qualify based on remarkable job experience or a strong undergraduate GPA, several B-schools that usually demand test scores will waive that requirement.
- B-schools occasionally request video essays from applications and invite candidates to interviews. Although some programs are tailored for new college graduates, the majority of programs favour MBA applicants with significant job experience.
- In general, MBA admissions authorities prefer to see proof of career development in an applicant’s MBA application, indicating that the took on progressively greater professional responsibility.
- According to experts, it’s also beneficial if applicants can share success stories about how they were able to benefit their present employer, previous employers, college campus, or local community.
A senior undergraduate candidate should consider a few considerations before enrolling on a deferred MBA program because these programs are more complicated than they first appear to be. - Due to the MBA deferred admission’s low acceptance rate and the high quality of applications it receives each year, competition is intense. In contrast to the program’s usual acceptance rate, HBS’ 2+2 delayed MBA program received 1,403 applications for the class of 2023, however, only 9% of those applicants were accepted.
Career Prospects after MBA
Given that MBA salaries are among the highest on the job market, you must be interested in learning how much MBA grads earn. One advantage of earning an MBA is getting paid more. The distinction is evident in this case. You may determine how much more money you’ll make with an MBA by utilising the QS Jobs & Salary Report. Here are some examples of average yearly MBA salaries from around the globe:
- Switzerland – $123,500 USD annually
- U.S. – $102,100 USD annually
- Canada: $99,800 USD annually
- France: $98,500 USD year
- Australia: $98,400 USD annually
- Germany – $92,400 USD year
Most Sought-after Jobs
Management Consultant
Financial Analyst
Investment Banker
Marketing Manager
Product Manager
Employed within 3 months of graduation
Avg. Salary
FAQs about MBA
Are there different formats for MBA programs?
Yes, MBA programs come in various formats such as full-time, part-time, online, executive, and global MBA programs. Each caters to different needs, including full immersion, flexibility for working professionals, or specialized learning.
How long does it typically take to complete an MBA program?
The duration varies based on the program format. Full-time programs usually take one to two years, while part-time and online options offer flexibility, often extending beyond two years to accommodate working professionals.
Are internships considered as work expereince?
You can enter all types of work experience in the Education and Experience section as well as detailing these experiences on your CV (Resumé).
How do I determine which MBA program aligns with my career goals?
Research extensively, considering factors like program reputation, faculty expertise, location, curriculum, specializations, internship opportunities, alumni success stories, and the support provided for career advancement.
What's the career outlook for MBA graduates?
MBA graduates enjoy a diverse range of career opportunities, from corporate leadership roles to entrepreneurship. Graduates often secure positions in consulting, finance, marketing, operations, and technology sectors.
