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MBA in USA

September 2, 2023

710

Avg. GMAT

23

Avg. Age

$ 121K

Avg. Cost of Study

24 

Avg. Months Duration 

$ 90K

Avg. Salary

Table of Contents

Why Study MBA in USA?

An MBA is a graduate degree in business administration that can provide you with the skills and knowledge you need to succeed in a variety of business roles. MBA programs in the USA are highly regarded and can open up many opportunities for career advancement. The cost of an MBA program in the USA can vary depending on the school, but it is generally more expensive than MBA programs in other countries. However, the high cost is often offset by the high salaries that MBA graduates can earn.

The USA is home to some of the top-ranked MBA programs in the world, such as Harvard Business School, Stanford Graduate School of Business, and Wharton School of Business. These programs offer a rigorous and challenging curriculum that will prepare you for a successful career in business. MBA programs in the USA attract students from all over the world, creating a diverse and global learning environment that will expose you to different perspectives and cultures, making you a more well-rounded and adaptable professional.

An MBA from a US school can open up opportunities to work internationally. Many US companies have offices worldwide, and they are always looking for talented MBA graduates to fill positions. It can be a high return on investment. According to the Graduate Management Admission Council (GMAC), the average salary for MBA graduates in the USA is $115,000; this means you can expect to earn a significant salary bump after graduating with an MBA.

What types of MBA USA offers?

Full-Time MBA: Traditional two-year program for comprehensive business education.

Part-Time MBA: Designed for working professionals, with classes in evenings or weekends.

Executive MBA (EMBA): For mid/senior-level professionals, focused on leadership and strategy.

Online MBA: Flexible, fully online option for remote learning and flexibility.

Accelerated MBA: Intensive program to complete the degree in a shorter timeframe.

Dual/Joint Degree MBA: Combine an MBA with another advanced degree.

Program Costs + Living Expenses : MBA in USA

$100,000 

Avg. Tuition Fee

$20,000

Avg. Living Cost

$1,000

Avg. Visa Charges

121,000

Avg. Cost of Study

The cost of an MBA in the USA can vary depending on the school, program, and location. However, the average cost of an MBA in the USA is around $61,800 per year. This includes tuition, fees, and living expenses.

Tuition fees for MBA programs in the USA can range from $40,000 to $100,000 per year. The most expensive MBA programs are typically offered by top-ranked business schools, such as Harvard Business School, Stanford Graduate School of Business, and Wharton School of the University of Pennsylvania.

Living expenses for international students in the USA can range from $10,000 to $20,000 per year. The cost of living varies depending on the city and lifestyle. For example, living in New York City will be more expensive than living in a smaller city in the Midwest.

Visa charges for international students vary depending on the type of visa and the length of stay. The average cost of a student visa is around $1,000.

In addition to the cost of tuition, fees, and living expenses, international students may also need to factor in the cost of health insurance, travel, and other miscellaneous expenses.

Eligibility Criteria : MBA in USA

The eligibility criteria for MBA in the USA vary from university to university, but the following are some of the basic requirements:

  • A bachelor’s degree from a recognized university or college.
  • A minimum GMAT score of 600, although some universities require a higher score.
  • A minimum TOEFL or IELTS score of 70 or 6.0, respectively.
  • Two to three years of work experience (optional, but preferred by many universities).
  • Strong academic transcripts and letters of recommendation.
  • A well-written personal statement.

Some universities may also have additional requirements, such as a specific undergraduate major or a minimum GPA. It is important to check the specific requirements of the universities you are interested in applying to.

Scholarships Available : MBA in USA

Harvard Business School Emerging Economy Fellowships

It is awarded to students from developing countries who demonstrate outstanding academic achievement and leadership potential. The fellowships cover full tuition and fees, and they also provide a stipend for living expenses.

Full-time MBA Scholarships 

Awarded to students who are committed to using their MBA to make a positive impact on the world. The scholarships cover full tuition and fees, and they also provide a stipend for living expenses.

Wharton School of Business Joseph Wharton Fellowships

Awarded to students who have demonstrated outstanding academic achievement and leadership potential. The fellowships cover full tuition and fees, and they also provide a stipend for living expenses.

Goldman Sachs MBA Fellowship

This is awarded to students who are committed to a career in investment banking. The fellowship covers full tuition and fees, and it also provides a stipend for living expenses.

Forte MBA Fellowships 

It is awarded to women who are committed to a career in business. The fellowships cover full tuition and fees, and they also provide a stipend for living expenses.

Career Prospects : MBA in USA

An MBA degree can be a great way to boost your career and land a job at a top American company. These companies are all known for their strong financial performance and commitment to hiring talented MBA graduates.

They offer various job opportunities in various industries, so you are sure to find a role that is a good fit for your skills and interests.

Some of the top American companies that look for MBA graduates from the USA are:

  • Amazon
  • Deloitte
  • Google
  • McKinsey & Company
  • Microsoft
  • Brain & Company
  • PwC
  • Goldman Sachs
  • Morgan Stanley
86%

Employed within 3 months of graduation

$90,073

Avg. Salary

     Most Sought-after Jobs

        Management consultant

Business analyst

Financial analyst

Marketing manager

Project manager

Sales manager

         Human resources manager

Operations manager

Visa and Stay Prospects : MBA in USA

If you’re planning to pursue an MBA in the USA and want to understand the visa and stay prospects, there are several key points to consider. 

Student Visa (F-1 Visa): Most international students pursuing full-time academic programs, including MBA, apply for an F-1 student visa. Here are the general steps:

Admission to a SEVP-approved School: You need to be accepted into a U.S. school that is approved by the Student and Exchange Visitor Program (SEVP).

Form I-20: Once accepted, the school will issue a Form I-20, which you will need to pay the SEVIS fee and use to apply for your F-1 visa.

Visa Application: Apply for the F-1 visa at the U.S. embassy or consulate in your home country. You will need to provide proof of financial support, ties to your home country, and intent to return after your studies.

Interview: Attend a visa interview where you’ll answer questions about your study plans and intent to return home.

Stay Prospects During MBA:

Full-Time Study: As long as you’re enrolled in a full-time course, you’re allowed to stay in the U.S. on your F-1 visa. Make sure to maintain your status by attending classes and making satisfactory academic progress.

Optional Practical Training (OPT): After completing your MBA, you might be eligible for OPT, which allows you to work in the U.S. for up to 12 months (or up to 36 months if you qualify for the STEM extension). OPT is often used as a way to gain work experience related to your field of study.

Stay Prospects After MBA:

H-1B Visa: Many international students pursue the H-1B visa after completing their studies. This is a non-immigrant visa that allows U.S. employers to temporarily employ foreign workers in specialty occupations, including many MBA-related roles. The H-1B process can be competitive due to annual caps.

Green Card (Permanent Residency): Some individuals aim to obtain a green card to permanently stay and work in the U.S. There are several avenues for this, including employment-based green cards. The process can be complex and time-consuming.

Top 5 Colleges for MBA in USA

UniversityDetailsSuggested
University of Chicago (Booth)

Duration: 2-3 years
Format: Full-time or Part-time
Avg. Working experience: 30-60 hours per week
Location: Chicago

One-Year MBA
Northwestern University Duration: 1-2 Years
Format: Full-time or Part-time
Avg. Working experience: 40-60 hours per week
Location: Evanston, Illinois
Northwestern University MBA
University of Pennsylvania Duration: 2 Years
Format: Full-time
Avg. Working experience: 60 hours per week
Location: Philadelphia, Pennsylvania
University of Pennsylvania MBA
Massachusetts Institute of Technology Duration: 1-1.5 Years
Format: Full-time or Executive
Avg. Working experience: 40-60 hours per week
Location: Cambridge, Massachusetts
MIT MBA
Harvard UniversityDuration: 2 Years
Format: Full-time 
Avg. Working experience: 60-80 hours per week
Location: Boston, Massachusetts
Harvard University MBA

Application Process & timeline

We strongly advise all our clients to have a proper excel sheet or a timetables mapped out.
Once you are done with GMAT the entire application process usually take 4-6 weeks

Step 1

GMAT / GRE Score

2-3 months.

If you are not sure about what score to target then look at the average score of the schools you want and shoot above the average. 

Step 2

Profile Evaluation

 1-2 weeks.

Get your profile evaluated from a professional consultant and figure out what schools you can target based on your profile

Step 3

Application Prep

3-4 weeks at least. 

Start writing at least 1 month in advance of their 1st deadline. First application usually takes the longest.

Step 4

Interview Prep

1 week

School will notify you and give you roughly 1 week to schedule your interview. Ideally, start your prep ASAP and Do some mock interviews.

FAQs about MBA in USA

MBA stands for Master of Business Administration, a prestigious graduate degree that focuses on developing business and management skills. Pursuing an MBA in the USA can offer several advantages, such as access to top-ranking business schools, a diverse and vibrant business environment, networking opportunities with industry professionals, and exposure to cutting-edge business practices.

Admission requirements may vary depending on the business school, but generally, applicants need a bachelor’s degree from an accredited institution, a competitive GMAT or GRE score, letters of recommendation, a resume, essays or statement of purpose, and sometimes, relevant work experience. English proficiency tests like TOEFL or IELTS may also be required for international applicants.

 

Full-time MBA programs in the USA typically take two years to complete. However, some business schools offer accelerated or part-time MBA options that can be completed in 12-18 months or on a more flexible schedule, respectively.

The cost of an MBA in the USA can vary widely depending on the school’s reputation and location. Tuition fees for a two-year MBA program can range from $50,000 to over $100,000 or more, not including living expenses, books, and other additional costs. Scholarships, fellowships, and financial aid may be available to eligible students.

Yes, international students can apply for MBA programs in the USA. To study in the USA, they usually need to obtain an F-1 student visa. To get the visa, they must be accepted into a Student and Exchange Visitor Program (SEVP)-certified school, provide proof of sufficient financial resources to cover their expenses, and demonstrate strong ties to their home country to show they intend to return after completing their studies.

What Can We Do For You?

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Application Prep

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Interview Prep

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