After engineering, the MBA is one of the most popular programmes in the USA. The MBA schools in USA attract international students because they provide rewarding and fulfilling experiences in terms of graduate employability rates and educational quality. Students can find a position in a highly compensated global corporation by pursuing an MBA at some of the leading universities in the USA.
MBA schools in USA broaden students’ perspectives on international enterprises, enabling them to be valued assets across all sectors of the economy, from consumer goods to technology. In the USA, there are three different types of MBA programs: full-time, part-time, and executive.
In the USA, the curriculum typically lasts two years and costs between $70,000 and $90,000.
Eligibility Criteria of MBA Schools in USA
It is necessary to meet the requirements of MBA schools in USA. Although the requirements differ amongst universities, there are some eligibility requirements that never change, including some of the following:
Bachelor’s degree
A bachelor’s degree or its equivalent in a related field is the main requirement for students’ eligibility. The 10+2+4 system, or 16 years of formal education, is typically required for admission to universities. A four-year bachelor’s degree and a minimum GPA of 60% in the undergraduate programme may be required by several universities.
English language test results
Every student must meet this prerequisite in order to be admitted to American institutions. IELTS or TOEFL scores of 88 to 100 or equivalents are required to demonstrate a candidate’s readiness to enrol in an English-language programme.
GMAT/GRE prerequisites
The GMAT or GRE are the required exams for admission to MBA schools in USA. The minimum GRE and GMAT scores needed for an MBA in the USA are 310 to 315 and 550 to 730, respectively.
Working Experience
Depending on the requirements of the universities, most applicants should have between two and three years of work experience.
Letters of Recommendation
To apply for admission to MBA schools in USA, individuals must also submit their LORs (Letters of Recommendation), an updated CV/Resume, and an SOP (Statement of Purpose). Additionally, international students must have a current passport and student visa.
Documents Required for MBA schools in USA
- Academic Transcript
- GMAT/GRE scores
- Letters of Recommendation
- Resume
- Cover Letter
- Statement of Purpose
Top MBA Schools in USA
| QS Global MBA Rankings | Name of the university | Business schools | Average annual tuition fees |
| 1 | Stanford University | Standard Graduate School of Business | $76,950 |
| 2 | Harvard University | Harvard Business School | $73,440 |
| 2 | University of Pennsylvania | Wharton Business School | $84,874 |
| 5 | Massachusetts Institute of Technology (MIT) | MIT Sloan School of Management | $80,400 |
| 9 | Columbia University | Columbia Business School | $80,472 |
| 11 | University of California, Berkeley | Haas School of Business | $38,094 |
| 15 | University of California, Los Angeles | UCLA Anderson School of Management | $104,954 |
| 16 | North-western University | Kellogg School of Management | $78,276 |
| 18 | Yale University | Yale School of Management | $79,000 |
| 19 | New York University | Leonard N. Stern School of Business | $82,326 |
Stanford University
Stanford University is a private research institution that has transformed the business school experience and is situated in the heart of Silicon Valley. The greatest teachers in the field are available to students, and they have the chance to go deeper into the material and design a unique dashboard for their MBA journey. Not only that, but Stanford MBA grads who received their degrees within the previous five years invested $1.4 billion. Additionally, 20% of the Forbes 30 Under 30 list includes Stanford MBA graduates.
Harvard University
The Harvard University two-year degree stresses real-world application and is designed with a general management curriculum. Through field projects, case method classes, reflective exercises, technological simulations, and other means, Harvard Business School supports active learning environments. Students’ professional paths are accelerated by the unending support of academics, peers, and staff, which develops them into more inspiring leaders than they could have imagined.
University of Pennsylvania
The University of Pennsylvania’s Wharton Business School is committed to offering a thorough yet adaptable general business education. There are several alternatives available to students, including a depth of 19 majors and a breadth of 200 electives. The Wharton Business School’s instructors are experts in various fields, and as a result of their knowledge, a variety and depth of courses have been developed that are not offered at any other business school.
Massachusetts Institute of Technology (MIT)
The faculty of the MIT Sloan School of Management supports students in accomplishing this goal via intellectual exploration and experiential learning. The curriculum is designed to develop leaders who can make a difference in the world. According to the 2021–2022 MBA Employment Report, 96% of MIT MBA graduates receive full-time offers with a median base income of $150k, and 85% of students use their degrees to change or develop their professions.
Columbia University
The 150 full-time professors at Columbia Business School equips students to be leaders in tomorrow’s quickly evolving business environment by reshaping global business strategy. The extensive curriculum, which combines theory and experience, provides in-depth insights into particular industries. The 48,000+ strong alumni base of the business school has benefited from the Career Management center (CMC), which equips students with the skills they need to succeed in the public, private, and non profit sectors.
The University of California, Berkeley
The University of California, Berkeley’s Haas Business School provides a demanding general management program that equips students to make decisions that are grounded in both human understanding and rigorous analysis. On the list of the top business schools published by U.S. News & World Report in 2022, it has been ranked eighth.
The University of California, Los Angeles
Through its thoughtfully created curriculum, the postgraduate programme delivers the ideal balance of theoretical and practical study, preparing students to succeed at the highest levels in their professional lives. The UCLA School of Management today has a network of 42,000+ alumni, and businesses like BCG, Google, and Goldman Sachs are among the top employers of MBA graduates from the school.
North-western University
The Kellogg School of Management at North-western University’s Kellogg urges students to adopt a mindset that challenges traditional thinking in the global marketplace during their two years of full-time study for an MBA. The institution provides 37 exchange programmes in 20 different countries in addition to a large selection of electives and more than 1,000 experiential learning opportunities. Not only that, but over a 24-year period, BusinessWeek found that Kellogg School of Management was the only business school to place MBA graduates in the top 20 percentile in terms of happiness.
Yale University
One of the top MBA schools in USA, the Yale School of Management at Yale University in New Haven, Connecticut, takes a practice-led approach to both company and organisational management. The MBA programme is AACSB recognised and offers students the chance to broaden their horizons through an integrated curriculum.
New York University
The Leonard N. Stern School of Business at New York University offers a variety of MBA programmes that can be personalised to fit specific academic and professional objectives. The institution offers programmes in full-time MBA, tech MBA, fashion & luxury MBA, dual degrees, and part-time MBA.
Cost of Studying MBA in USA
The total cost of an MBA in the USA includes the amount that an overseas student will pay in tuition and living expenses before departing from their home country. These and other costs of earning an MBA in the USA are described in the sections that follow.
The average expense range of students in the USA is:
- Accommodation: 0.75 lakhs- 1.50 lakhs (Monthly)
- Meals: 0.02 lakhs- 0.03 lakhs (one-meal)
- Transportation: 0.07 lakhs- 0.22 lakhs (Monthly)
- Personal Expenses: 0.22 lakhs- 0.45 lakhs (Monthly)
- Health Insurance: 0.34 lakhs- 0.53 lakhs (Monthly)
With around 125,000 students enrolling each year, the US has the largest MBA ecosystem in the world, according to the US Department of Education. According to a poll of recruiters by GMAC, the base starting compensation for MBA grads is approximately 80 lakhs per year. With a base salary of 95 lakhs, the MBA in Finance is one of the highest-paying MBA specialities. The three companies McKinsey, Goldman Sachs, and JP Morgan offer the best salaries to MBA graduates in the United States.
