For many professionals, especially those looking to advance their careers in management, pursuing an MIM or MBA in USA is a very popular choice. After all, what better country to take this next step in your career than the hub of entrepreneurship and a thriving corporate sector? The US has quickly become the top destination for international students planning their business education abroad.
Academic Excellence
You can find some of the world's top-ranking MBA colleges in USA, with 1 out of 2 business schools featured in the QS Global MBA Ranking 2024. Recruiters around the world aggressively seek top candidates from MBA colleges like Stanford GSB, Michigan Ross, and Penn Wharton.
Unmatched Resources
Top MIM/MBA colleges in USA focus on experiential learning and delivering high-quality education through developed infrastructure, latest technology, and well-renowned faculty.
Global Exposure
Depending on the school, an MBA in USA can last anywhere from one to two years. Applicants can choose between a normal, executive, or part-time MBA, depending on their experience, interests and the available specialisations. Further, they also have the option to pursue an MIM (Master’s in Management) or a One-Year MBA. Often, MBA colleges in USA design their program's course structure to include a mix of internships and project work.
Accelerated Work Opportunities
Investing in management courses in the United States will always be worthwhile. Top MBA universities in the USA have a high brand value and a high return on investment. MBA in USA is offered across various specialisations, including STEM tracks that offer visa extensions of up to 3 years of OPT to help you secure your dream job after your MBA.
The USA is home to some of the world's most prestigious MBA programs, offering a range of specialties, innovative teaching methods, and extensive networking opportunities. Here are some universities with consistently high-ranking programs for an MBA in USA:
Harvard Business School
Stanford Graduate School of Business
University of Pennsylvania, Wharton School of Business
MIT Sloan School of Business
University of Chicago, Booth School of Business
Columbia Business School
Northwestern University, Kellogg School of Management
University of Michigan, Ross School of Business
Yale School of Management
Duke University, Fuqua School of Business
Since the USA is the world’s biggest economy and home to some of the best universities for business programs, many international students choose to pursue a Master’s in Management (MIM) there.
Who’s it for? MIM programs in USA are for those early in their careers, typically with 0-2 years of work experience. MIM helps these students build a strong foundation before they venture into the world of business. In contrast, MBA programs are for professionals with a considerable amount of work experience, who are looking to advance their careers. Learn more about MIM here.
Top business schools in the USA offer 100+ top MIM programs in USA. Here’s a handy list of a few top schools that offer world-class MIM courses:
The emergence of one year MBA programs caters to the need for streamlined and adaptable business education. Designed for mid-career professionals, these programs provide an intensive curriculum that emphasises key competencies. One year MBA graduates are equipped to navigate the fast-paced business landscape, making them attractive to both employers and ambitious leaders. Some top-ranking one year MBA programs in the US are as follows:
The eligibility requirements for an MBA in USA can vary by university, but generally include:
A bachelor’s/undergraduate degree is a requirement. Most programs for MBA in USA require a 4-year bachelor’s degree, but some do allow 3-year bachelor’s degrees.
Non-native English speakers are required to demonstrate English-language proficiency through tests like TOEFL or IELTS.
Standardised tests (GRE, GMAT for graduates) are typically required by most colleges as part of your MBA in USA application.
Relevant work experience of at least 2 years is a requirement in order to be eligible to apply to most MBA programs in USA, although there are exceptions.
F1 or J1 visa is required of full-time and exchange students respectively. In order to obtain the visa, students are required to provide proof of acceptance into a US institution, along with sufficient financial support and proof of funds.
Eligibility for an MBA in USA typically includes the following requirements:
A three- or four-year undergraduate degree from an accredited institution is usually required
Many MBA programs prefer candidates with professional work experience, often ranging from 2 to 5 years. Some programs accept candidates straight from undergraduate studies, especially for specialised or accelerated programs.
Applicants generally need to submit 1-3 letters of recommendation, ideally from professional contacts who can speak to their skills and potential.
A personal statement or essays explaining your motivations for pursuing an MBA and your career goals is often required.
A current resume detailing your professional experience, education, and skills.
Many programs require an interview as part of the selection process, which can be conducted in person or virtually.
For non-native English speakers, proof of English proficiency through tests like the TOEFL or IELTS may be required.
Note: Always check the specific requirements of each program, as they can vary.
Profile evaluation is the first step in the journey to your dream MBA colleges in USA. This process aims to uniquely understand the strengths of our students and help them build a profile well-suited for top universities.
We take your aspirations into account, guide you through university requirements, and give you a clear picture of your choices to maximise your results.
Exceptional essays, Statements of Purpose, and Letters of Recommendation enhance your college application, and our comprehensive interview prep modules have been developed to ensure you ace this final step of the application process.
We provide extensive support with education loans & scholarships: be it listing opportunities, profile development or 1:1 mentoring to build a winning scholarship application.
Once you’re admitted, we continue to stay by your side with guidance on documentation and visa services.
The tuition fee you are required to pay largely depends upon the university you choose to attend. To study in the USA, the cost depends on various factors, such as:
The course you have opted for
Kind of degree program
Public or private university
The average cost of studying MBA in USA falls between INR 40 lakh - INR 60 lakh annually.
Here’s a handy guide to help students understand the cost of living and studying MBA in USA better:
Expense Category |
Estimated Cost (USD) |
Estimated Cost (INR) |
Tuition Fees |
Public Universities: $20,000 - $60,000 |
₹16,60,000 - ₹49,80,000 |
Private Universities: $40,000 - $100,000+ |
₹33,20,000 - ₹83,00,000+ |
|
Accommodation |
On-Campus: $10,000 - $20,000 |
₹8,30,000 - ₹16,60,000 |
Off-Campus (shared): $600 - $1,500/month |
₹6,00,000 - ₹15,00,000 |
|
Food |
Groceries: $200 - $500/month |
₹2,00,000 - ₹5,00,000 |
Eating Out: $100 - $300/month |
₹1,00,000 - ₹3,00,000 |
|
Transportation |
Public Transport: $50 - $150/month |
₹50,000 - ₹1,50,000 |
Car Expenses: Vary widely |
Vary widely |
|
Health Insurance |
$1,000 - $4,000 |
₹83,000 - ₹3,32,000 |
Utilities |
$100 - $300/month |
₹1,00,000 - ₹3,00,000 |
Other Expenses |
Books and Supplies: $1,000 - $2,000 |
₹83,000 - ₹1,66,000 |
Personal Expenses: $1,000 - $3,000 |
₹83,000 - ₹2,49,000 |
|
Total Estimated Cost |
Low-End: $40,000 - $50,000 |
₹33,20,000 - ₹41,50,000 |
High-End: $80,000 - $120,000+ |
₹66,40,000 - ₹1,00,00,000+ |
NOTE: The costs mentioned above vary from state to state within the US and depend upon several factors including the area, type of accommodation, lifestyle etc.
MBA in USA: Fees at Top Universities
University |
Average Tuition (USD) |
Average Tuition (INR) |
Harvard Business School |
$73,000 |
INR 62L |
Stanford Graduate School of Business |
$79,000 |
INR 66.5L |
Chicago Booth School of Business |
$80,000 |
INR 67.4L |
Haas School of Business, UC Berkeley |
$80,500 |
INR 68L |
Yale School of Management |
$81,000 |
INR 68.5L |
Columbia Business School |
$83,000 |
INR 70L |
MIT Sloan School of Management |
$83,000 |
INR 70L |
The Wharton School, University of Pennsylvania |
$86,500 |
INR 73L |
Anderson School of Management, UCLA |
$90,600 |
INR 76.5L |
Kellogg School of Management, Northwestern University |
$110,000 |
INR 93.5L |
Students aspiring to study MBA in USA have ample scholarship opportunities. These scholarships can be school-specific or external. Here’s a quick guide detailing scholarships offered by the top business schools in the USA, for the benefit of those looking to pursue an MBA in USA:
University |
Name of Scholarship |
Scholarship Amount |
Harvard Business School |
HBS Fellowship Program |
$39,501 (INR 33L per year) (average) |
Stanford Graduate School of Business |
Knight-Hennessy Scholars |
Ranges from $39,500 to $71,820 (INR 33L to 66L per year) |
Stanford Graduate School of Business |
Stanford Reliance Dhirubhai Fellowship |
Ranges from $39,500 to $71,820 (INR 33L to 66L per year) |
Wharton School, University of Pennsylvania |
Wharton Fellowship Program |
Varies on a case-by-case basis, possibility of full tuition coverage |
University of Chicago Booth School of Business |
Chicago Booth Scholarships |
Full tuition + additional stipends |
MIT Sloan School of Management |
Sloan Fellows Program |
Full tuition + yearly living stipend |
UC Berkeley Haas School of Business |
Dr. Tahir Fellowship; C&J White Fellowship |
Varies on a case-by-case basis, possibility of full tuition coverage |
Kellogg School of Management, Northwestern University |
Kellogg Global Scholarships |
Varies on a case-by-case basis, possibility of full tuition coverage |
Here’s an overview of some of the most popular and highest-paying jobs in the USA after your MBA, along with average salaries.
Job Title |
Average Salary |
Management Consultant |
$100,000 - $150,000 |
Investment Banker |
$100,000 - $200,000+ |
Marketing Manager |
$90,000 - $140,000 |
Product Manager |
$95,000 - $150,000 |
Financial Manager |
$90,000 - $130,000 |
Operations Manager |
$85,000 - $125,000 |
Sales Manager |
$90,000 - $130,000 |
Human Resources Manager |
$80,000 - $120,000 |
Business Development Manager |
$90,000 - $140,000 |
Chief Executive Officer (CEO) |
$150,000 - $300,000+ |
Start your USA MBA Applications with Jamboree
Successful Students
Faculty, Counsellors, & Mentors
Years of Experience
*This data is based on Information from Year 2021-2022. Please contact a Jamboree counsellor for accurate information.
Stanford
Total Fees
$149,412
Tempe
Total Fees
$59,240
Boston
Total Fees
$69,700
Houston
Total Fees
$75,800
Tuscaloosa
Total Fees
$62,970
Evanston
Total Fees
$111,658
Warrensburg
Total Fees
$20000
Edmond
Total Fees
$22,500
Cincinnati
Total Fees
$32,000
Dayton
Total Fees
$22,000
Berkeley
Total Fees
$115,000
New York
Total Fees
$154,752
Durham
Total Fees
$101,326
New York
Total Fees
$78,700
Los Angeles
Total Fees
$70,368
Chapel Hill
Total Fees
$66,324
Bloomington
Total Fees
$72,571
Austin
Total Fees
$73,465
Ithaca
Total Fees
$94,451
Boston
Total Fees
$146,880
Pittsburgh
Total Fees
$96,354
Ann Arbor
Total Fees
$92,413
Charlottesville
Total Fees
$107,416
Philadelphia
Total Fees
$162,756
Chicago
Total Fees
$149,838
Cambridge
Total Fees
$154,336
Getting an MBA in USA right after college is a fantastic idea. In the United States, there are a number of famous colleges that provide excellent MBA programs that do not require work experience, such as:
Although studying in the USA can be a costly affair for many international students, American universities offer generous amounts of scholarships that eventually bring down the MBA fees in USA. MBA universities in USA offer scholarships to make education accessible to all from complete to partial tuition fee waivers. Here is a list of the best and most well-known MBA scholarships for international students from all around the world, with a focus on Indian students.
Students from India who wish to pursue an MBA at a university in the United States must meet the following requirements:
Many international students choose to stay back and work in the United States after their graduation because of the dynamic atmosphere and the scope of professional opportunities. You can stay in the United States as long as you have a valid F1 visa. You can also apply for temporary jobs under the OPT (Optional Practical Training) program. Students who enrol in a STEM program that includes courses in science, technology, engineering and mathematics can avail up to a maximum of three years of OPT.
Generally, top universities offering MBA in USA will require you to submit a GMAT score. The average GMAT Focus score of the top MBA colleges in USA can range anywhere between 635-675.
Your application to study MBA in USA will necessarily require you to submit these six things:
Additionally: You may be asked to submit one optional short-answer question/a short-answer prompt and a striking video essay (Chicago Booth’s application, for example).
MBA graduates who are consultants are usually in high demand. For example, BCG, McKinsey, and Bain & Company typically pay MBA grads up to USD 165,000 per year. The most common degree where graduates from the United States are recognised and accepted internationally is an MBA in Finance. MBA graduates in Finance may earn up to 102,000 USD per year on average. Top recruiters in the United States pay handsomely for popular career jobs, including marketing directors, marketing managers, and product managers. MBA Marketing graduates from reputable colleges may expect to earn roughly 162,000 USD per year on average.
The US government issues F-1 visas to US non-immigrant students depending on their course and certain guidelines and restrictions. This F-1 visa permits them to work in the country after finishing their studies. International students can apply for an H1-B visa after their F-1 visa extension is over. The H1-B visa allows them to stay and work in the USA for up to 6 years, after which they may apply for a permanent US residency after getting a green card.
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