MBA in USA: Colleges, Fees, Scholarships, Salary

MBA in USA is available in 500+ colleges. The average tuition for a 2-year MBA in USA exceeds 50 lakhs annually. Tuition and fees for attending any of the top USA business schools might cost up to 75 lakhs or more. For Indian students, admission requirements for MBA in US colleges include an academic score of ~90% and GMAT score of 700+.

According to the US Department of Education, the USA is the world’s largest MBA ecosystem with around 125,000 enrolled students on a yearly basis. The average base starting salary for MBA graduates is around 80 lakhs/year, according to the GMAC recruiter survey. MBA in Finance is one of the highest paying MBA specializations with a base salary of 95 lakhs. The highest-paying recruiters offering jobs after MBA in USA include McKinsey, Goldman Sachs, and JP Morgan. 

Table of ContentsMBA in USA CollegesMBA in USA Course HighlightsMBA in USA TypesMBA in USA SpecializationMBA in USA: Admissions
5.1 Intake for MBA in USA
5.2 Basic Requirements MBA in USA
5.3 Document Requirements
5.4 Admission Requirements at US Business Schools
5.5 USA Student VisaMBA in USA: Cost of Studying
6.1 Tuition Fees
6.2 Cost of Living in USAScholarships for MBA in USAMBA in USA: PlacementsMBA in USA: ROIFAQs

Top MBA Colleges in USA

More than 50 best business schools in USA rank globally among the top business schools abroad for their MBA programs as per QS Rankings. Some of the top MBA colleges in USA are mentioned below:

Stanford University (Graduate School of Business)MBA65,86,405pdf Click HereApply Now
Harvard Univeristy (Harvard Business School)MBA61,78,157pdf Click HereApply Now
University of Pennsylvania (Wharton)MBA72,05,788pdf Click HereApply Now
Massachusetts Institute of Technology (Sloan)MBA67,62,900pdf Click HereApply Now
Columbia University (Columbia Business School)MBA66,36,879pdf Click HereApply Now
University of California Berkeley (Haas School of Business)MBA63,03,765pdf Click HereApply Now
University of Chicago (Chicago Booth)MBA66,77,209pdf Click HereApply Now
University of California, Los Angeles (Anderson School of Management)MBA61,54,569pdf Click HereApply Now
Northwestern University (Kellogg School of Management)MBA64,55,766pdf Click HereApply Now
Yale University (Yale School of Management)MBA65,13,589pdf Click HereApply Now
New York University (Stern School of Business)MBA67,89,787pdf Click HereApply Now
University of Michigan, Ann Arbor (Ross School of Business)MBA60,37,067pdf Click HereApply Now
Duke University (Fuqua School of Business)MBA61,85,857pdf Click HereApply Now
Cornell University (Johnson College of Business)MBA65,90,824pdf Click HereApply Now
Boston University (Boston Business School)MBA26,30,968pdf Click HereApply Now

MBA in USA Course Highlights

Colleges500+ colleges
AdmissionAverage GPA- 3.4 | TOEFL iBT: 70 | PTE: 54 | IELTS: 7.0 | Average 5 years of Work Experience
MBA SpecializationMBA in General Management | MBA in Marketing | MBA in Human Resource Management | MBA in Finance
Average Tuition Fees60 lakhs INR/year
Average Salary70.25 lakhs INR

Types of MBA in the USA

Universities in USA offer a broad spectrum of MBA programs that are not only comprehensive but are highly flexible too. Types of MBA available in colleges of USA are:

Types of MBADescriptionColleges
Full-Time MBAA traditional two-year program for students looking for an immersive MBA experience on-campus.Stanford, Harvard, UPenn, Chicago-Booth, MIT
Executive MBADesigned for experienced professionals who want to pursue an MBA degree while continuing to work, with classes typically held on weekends or in short intensive sessions.UPenn Wharton, MIT, Yale, Northwestern
Part-Time MBADesigned for working professionals, with classes typically held in the evening or on weekends.MIT, Harvard, Stanford, Columbia University
Online MBADesigned for flexibility, allowing students to pursue an MBA degree from anywhere at any time.Indiana University, University of North Carolina, University of Florida
Early Career MBADesigned for students with limited work experience who want to fast-track their career in business.Chicago-Booth, UPenn Wharton, UCLA
Global MBADesigned for students interested in pursuing a career in the global marketplace, with opportunities for international experience.Harvard, New York University

Specializations for MBA in USA

Another factor that may affect the choice of MBA program is the specialization you want to opt for. As per the QS MBA by Specialization Rankings, the following USA universities grabbed the top positions for different MBA specializations offered. Given below are the popular specialization and various MBA colleges in USA ranking for those MBA specializations:

MBA SpecializationUniversity Name
MBA in General ManagementHarvard University
Stanford University
Northwestern University
University of Michigan–Ann Arbor
Yale University
MBA in MarketingStanford University
Northwestern University
Harvard University
MBA in Human Resource ManagementNorthwestern University
Vanderbilt University
University of Michigan
Brigham Young University
Purdue University
MBA in EntrepreneurshipBabson College
Stanford University
Massachusetts Institute of Technology
University of California, Berkeley
University of Pennsylvania
MBA in FinanceUniversity of Pennsylvania
University of Chicago
New York University
Columbia University.
Massachusetts Institute of Technology
MBA in Business Analytics University of Pennsylvania
New York University
University of Michigan
Boston University
University of Virginia

MBA Colleges in USA: Admissions

Eligibility criteria for MBA colleges in USA vary in terms of GPA, deadlines, TOEFL-iBT score, and work experience. Thus, it becomes imperative for international applicants to start planning their study at least 1.5 years in advance to allow themselves sufficient time for visa processing upon acceptance.

Basic Requirements MBA in USA

The eligibility criteria for studying MBA in USA involves evaluating an applicant on various factors. Some of the basic criteria that an international student must be eligible for are listed below:

  • Completion of 16 years of education: This means that you need to have a 10+2+4 education or complete a four-year bachelor’s program.
  • Standardized Exams Scores: Qualifying for any of the business schools in the USA will mostly require you to have a good GMAT score. Some universities may accept GRE equivalents.
  • Language Proficiency Scores: International applicants are required to submit the scores of TOEFL, IELTS, PTE or equivalent for proving their proficiency in the English language.
  • Work Experience: To study MBA in the USA, applicants are required to mostly have a minimum work experience of 3 years. However, this varies from university to university and with the type of MBA program chosen.

Explore the following options of MBA in USA: 

MBA in USA without GMAT MBA in USA without Work Experience

Documents Required to Study MBA in USA

International students planning to Study abroad are required to submit a few additional documents. Some of these are enlisted below:

  • Academic Transcript
  • GMAT/GRE scores
  • Letters of Recommendation
  • Minimum English Proficiency Test Score:
  • Resume
  • Cover Letter
  • Statement of Purpose