10:47 AM | 28-Nov-2022

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MBA in USA : Step by Step Guide

MBA is a highly popular course in the USA that is offered by more than 500 universities and colleges there. Studying MBA in the USA can be really beneficial for you as you can have a better learning experience, attain your degree from a top university and can also develop a proliferate career. If you are also deciding to study an MBA program in the USA and want to get some crucial details about the top universities, cost, application procedure and so on, this blog is just screaming your name. So, without any ado, let’s dig into the blog. 

Table of Contents

1. Types of MBA Programs in USA   2. Top Universities for MBA   3. MBA Courses in USA   4. Intakes for MBA   5. Eligibility Criteria    6. Required Documents   7. How To Apply?   8. Scholarships for MBA   9. Job Opportunities   10. FAQs   11. Conclusion

Types of MBA programs in the USA 

There are six major types of MBA programs in the USA that are listed below. You can choose any MBA program from the list as per your schedule, time availability and preferences. 

1. Full-time MBA (1-2 years)

2. Part-time MBA ( 3 years or more)

3. Executive MBA (2 years)

4. International MBA (1-2 years)

5. Specialized MBA (2 years)

6. Online MBA (2 years)

Top Universities for MBA in the USA 

Are you looking for reputable universities for MBA in the USA for Indian students? If yes, then let us tell you that there are numerous universities and business schools in the USA that have achieved a top rank in the world and are notable for providing splendid education. We have listed the top universities you can choose for studying an MBA program in the USA. 

University Name	QS MBA ranking 2022-2023
Stanford Graduate School of Business	1
Harvard Business School	2
Penn (Wharton)	2
MIT Sloan	5
Columbia Business School	9
UC Berkeley	11
Northwestern (Kellogg)	14
UCLA (Anderson)	15
Yale School of Management	18
NYU (Stern)	19
Michigan (Ross)	20
Duke (Fuqua)	23

MBA Courses in USA 

If you don’t know about the MBA courses offered by the universities in the USA, make sure to pay attention to the underneath table. This table will let you about the popular MBA courses available at US universities and the reputable universities offering different MBA programs: 

MBA Program	Universities
MBA in Marketing	Standford Graduate School of Business, Harvard Business School, Northwestern(Kellogg), UCLA(Anderson)
MBA in Human Resource Management	Northwestern(Kellogg), Michigan(Ross), Duke University, Harvard Business School
MBA in General Management	Standford Graduate School of Business, Harvard Business School, Northwestern(Kellogg), Michigan(Ross), Yale School of Management
MBA in Finance	Stanford University, New York University, Pace University, University of California, The University of Pennsylvania
MBA in Entrepreneurship	Stanford University, The University of Pennsylvania, MIT, UC Berkeley
Executive MBA	Northwestern University, Columbia University, University of Chicago, MIT, New York University
MBA in Accounting	University of Chicago, Stanford University, New York University, Boston College

Intakes for MBA in USA 

You must have information of the intakes available to study MBA in the USA for Indian students. It will help you apply for a US university before the deadline. Here are the intakes available for MBA in USA: 

1. Fall Intake 

2. Spring Intake

3. Summer Intake 

Eligibility Criteria to study MBA in the USA

Here are some eligibility requirements to study an MBA program in the USA: 

1. Qualification: A candidate must have completed his/her senior secondary education and 4-year graduation program to study an MBA in the USA. 

2. Scores in Standardized exams: Universities in the USA accept students who have cleared GMAT or GRE tests with required scores. So, you have to clear any of these exams as per the university’s requirement in order to pursue an MBA in the USA. 

3. Language proficiency test: Students need to appear for the language proficiency test and must achieve the required scores to get admission to a top university to study MBA in the USA. 

4. Work experience: A candidate must have at least 3 years of professional work experience to pursue an MBA study program in the USA.

Documents required to study MBA in the USA

Here is a list of documents that are obligatory to study an MBA in the USA: 

• Academic transcripts

• Scores in the standardized exam(GRE/GMAT)

• Language proficiency test scores

• Letter of Recommendation

• Resume or CV

• Statment of Purpose 

• Passport Size Photographs 

• Cover letter

Cost to study MBA in the USA 

The average cost to study MBA in the USA for Indian students vary as per different universities. We have mentioned the cost of studying MBA in the top US universities so that you can choose the one that seems affordable to you: 

University	Average Annual Tuition Fee(In INR)
Stanford Graduate School of Business	73 lakh - 74 lakh
Harvard Business School	82 lakh - 83 lakh
Penn (Wharton)	75 lakh - 76 lakh
MIT Sloan	78 lakh - 79 lakh
Columbia Business School	82 lakh to 83 lakh
UC Berkeley	71 lakh - 72 lakh
Northwestern (Kellogg)	Approximately 1 crore
UCLA (Anderson)	68 lakh - 69 lakh
Yale School of Management	75 lakh - 75.5 lakh
NYU (Stern)	82.5 lakh - 83 lakh
Michigan (Ross)	69 lakh - 70 lakh
Duke (Fuqua)	74 lakh - 75 lakh

How to apply for MBA in the USA? 

The major question is, ‘How to apply for an MBA study program in the USA?’. Well, the procedure is simple but you just have to follow every step carefully. Below-mentioned is the right procedure you can follow to apply for an MBA in the USA: 

Step 1: Choose an MBA program that you want to pursue in the USA. 

Step 2: Now, check for the universities that offer the MBA program you want to opt for. 

Step 3: Choose the one that fits your budget and check the eligibility criteria. 

Step 4: If you fulfill all the eligibility requirements, fill out the application form. 

Step 5: Pay the application fees. 

Step 6: After receiving an offer letter, prepare your SOP and other essential documents. 

Step 7: Make sure to submit your application before the deadline and wait for approval.

Scholarships for MBA in the USA 

Studying MBA in the USA is really expensive. That’s why students look for scholarship schemes that can provide them with financial support so that they can accomplish their dream of studying MBA in the USA. Here are some scholarships for MBA in the USA that Indian students can avail of. 

Job opportunities after MBA in the USA 

The first thing that students always think about before applying for an MBA in the USA is, ‘Whether it will prove to be worth the money or not?’. They are so worried about whether they will get better job opportunities and good salary packages or not. So, here we have given some job opportunities along with the salary packages that you can get after completing MBA in the USA: 

Job Role	Average Annual Salary
Senior Financial Analyst	$68,000 - $108,000
Financial Controller	$64,000 - $132,000
System Administrator	$43,000 - $92,500
Executive Assistant	$51,300 - $95,600
Investment Banking Analyst	$54,000 - $88,000
Human Resources Coordinator	$37,900 - $63,200
Human Resources Specialist	$41,000 - 76,200
Business Strategist Analyst	$51,000 - $97,000

FAQs

Ques 1) Is a part-time MBA program available in the USA? 

Ans) Yes, the part-time MBA program is available in the USA and the duration of this program is 3 years. 

Ques 2) Which universities are best for MBA in Finance in the USA? 

Ans) Stanford University, New York University, Pace University, the University of California, and the University of Pennsylvania are some of the best universities to study MBA in Finance in the USA. 

Ques 3) What is the average annual fee for MBA at Harvard Business School? 

Ans) The average annual fee for MBA at Harvard Business School is 82 lakh - 83 lakh INR. 

Ques 4) Which intakes are available for MBA in the USA?

Ans) Fall intake, spring intake and summer intake are available for MBA in the USA.

Conclusion

In the end, pay no heed to those who say that getting admission to a top MBA university in the USA is strenuous. If you have an excellent academic background, achieve good scores and in the standardized exam and language proficiency test and follow every step carefully, you will surely be able to study MBA in the USA.