MBA in USA - Top Universities, Courses, Fees & Scholarships

1. MBA in USA - Top Universities, Courses, Fees & Scholarships The US is home to some of the most prestigious business schools in the world. The quality of education and overall skill development that international students experience while studying in US is unmatched. Due to the huge career prospects in the country, MBA is one of the top courses that overseas students choose to study in USA. According to the data from US Department of Education, every year, around 1,25,000 international students move to study MBA in USA. Why Study MBA in USA The US is considered the best study-abroad destination for MBA aspirants. Here is a reason why pursuing MBA in US is highly advantageous for you: ● Every year, the country welcomes millions of international students from different parts of the globe. This gives students multicultural exposure and an opportunity to have a global perspective. Around 51 MBA Concentrations available in US universities are recognized worldwide and offer you a pathway to enter a global career. Many US universities have tie-ups with industries, allowing them to give their students internship opportunities. Also, they aim to update their courses constantly so that their students get the most advanced skills demanded by the industry. ● ●

2. ● Since the US is home to many top industries/ companies, it offers huge scope for MBA graduates. The country has a huge demand for MBAs; you can earn a good amount of salary there. MBA graduates are getting average salaries of around 116,000 USD per annum. ● Eligibility for Indian Students In order to enrol in MBA colleges in US, international students must fulfil the eligibility criteria mentioned below: ● ● A 4 years of bachelor's degree in a relevant field with a minimum of 60%. A minimum overall IELTS score of 6.5 with no band less than 6 (or equivalent score in any other English proficiency test which your preferred university accepts like TOEFL, PTE, Duolingo). To enrol in top-notch universities, students may require a GMAT score of more than 550. Field-relevant work experience of minimum 2-3 years. ● ● Documents Required to Apply to MBA Universities in USA While making an application to top universities in USA for an MBA program, students require the following documents: ● ● ● ● Academic transcript (12th and bachelors) English proficiency test scores (IELTS/ TOEFL/ Duolingo/ PTE) Standardise Admission Test Scores (GMAT/ GRE) 3 LORs (Letters of recommendation), 2 from your previous educational institute and one from your work organization. SOP (Statement of purpose) (SOP for MBA in USA must include the reasons for choosing that particular university and course. Also, try to mention your future career goals after pursuing an MBA in USA.) Updated Resume Valid passport (must be valid till your whole course duration) ● ● ● Exams Required for MBA in USA In order to enrol in US universities, international students generally require two types of exams: an English Proficiency Test and Standardise Admission Test. Let's discuss both types of exams below: English Proficiency Test The US is an English-speaking country, and universities in US only offer English-taught courses. So, before accepting international students' applications, US universities check their language skills. English proficiency test score is the most common way to check a

3. student's language skills. There are various tests that US universities accept, such as IELTS, TOEFL, PTE, and Duolingo. Standardise Admission Test Apart from the academic score on transcripts, US universities assess students' subject-relevant knowledge through the Standardise admission test. GMAT and GRE are the most common standardized admission required to enrol for MBA in US universities. These entrance exam for MBA in USA allows universities to asses students' academic potential on the same basis. MBA Course in USA MBA in US is a two-year master's program that includes a theory of general management principles along with its practical application in business. Generally, there are three types of MBA in USA, full-time, part-time, and executive. A general MBA program comprises of risk management, critical thinking, and problem-solving. International students can easily enroll for MBA in USA in all three intakes, i.e., Spring (January), Summer (May), and Fall (August). Top Specialisation in MBA in USA MBA is a professional degree that consists of many specializations. Students can choose their specialization according to their field of interest. Majorly there are around 50 specializations in MBA in USA. Some of the top MBA courses in USA universities are: MBA in Digital Marketing With the increasing globalisation and huge growth of digital media, traditional marketing methods are being replaced by digital platforms. This has created a huge scope for graduates in digital marketing. The digital marketing course will introduce you to real-world, professional advertisement and marketing communication. MBA in Business Analytics Since businesses are becoming more dynamic and complex, the importance of MBA specializations in Business Analytics has begun to rise. The course aims to offer skills to collect and analyse useful data and take various business decisions based on the analyses. It also includes a range of quantitative and statistical techniques, forecasting models, and computer resources, in addition to the knowledge of finance, and the business world, to collect useful data and make data-driven decisions. MBA in Data Analytics Data analytics is all about utilizing data to identify solutions and solve commercial issues. The data is collected through numerous sources such as text, photos, and video. Data scientists undertake more thorough analyses of data, whereas business analysts are more

4. active in solving business issues and making recommendations. This is the fundamental distinction between business analytics and data analytics. MBA in Strategy Making a strategic decision based on the previous year's data is very essential to achieve the company's goal. An MBA in Strategy is a popular course that is relevant to almost every sector of the business. While pursuing this course, students will acquire a skill to detect the company's goal and make strategies to achieve that goal successfully. MBA in Entrepreneurship Entrepreneurs are the individuals who grab the opportunity and take the first mover advantage to establish their new business. This course will provide students with an innovative way to start their businesses. Also, it will teach them the fundamental skills and attributes they need to become successful entrepreneurs. MBA in Finance Finance is a very crucial part of the business. No business can run successfully without proper management of finances. An MBA in finance course provides students with innovative and critical skills to analyse business and financial data to make short and long-term financial decisions. MBA in Marketing An MBA in marketing is one of the most popular specializations as it has immense career prospects. No, matter what kind of company/ industry or business it is, they also require a marketing manager to grow. While pursuing this course, students will acquire skills to identify the consumer's demands and supply the product according to them. MBA in Supply Chain Management Supply chain management is important in becoming a successful manufacturing and supplier industry. Basically, it bridges the gap between the demand of the consumer and the supply of the products. The course provides you with the knowledge to perform the functions related to the procurement of materials, the transformation of these materials into intermediate and finished products, and the distribution of these products to customers. MBA in International Business Most companies deal with clients from all around the world. As a result, there is a significant demand for people who are knowledgeable about how different countries legal systems operate and how cultural differences may affect a company. An MBA in international business will give students an overview of international management and make them ready to perform a managerial role in global businesses.

5. MBA in Human Resource Management A human resource manager plays a very important role in establishing the relationship between the company and its employee. While pursuing an MBA in HRM, students will be equipped with the tools they need to develop the high-performing workforce and innovative teams demanded by businesses. Best MBA Universities in USA In the USA, more than 500 educational institutes offer specialized MBA degrees to international students. Moreover, around 50 business schools in US rank among the top business schools in the world. Some of the top MBA colleges in USA for Indian students are: ● ● ● ● ● ● ● ● ● ● Harvard University Stanford University University of Chicago University of Pennsylvania Massachusetts Institute of Technology North-western University Columbia University Princeton University Haas School of Business Stern School of Business MBA in USA Cost The cost of studying MBA in USA varies from university to university and course to course. If we talk about the average cost, then it ranges between 25,000 USD to 70,000 USD per year. However, considering the quality of education, skills, world-class faculty, and huge career scope in the US, bearing the cost of studying MBA in USA is worth it. Moreover, if we talk about the average cost of living in USA, it is around 10,000 USD per year. Scholarships for MBA Many international students find it difficult to afford the cost of studying in US. So, to support and attract academically talented students from around the world, many US universities offer scholarships. Some of the best scholarships for MBA in USA are mentioned below: Scholarship Offered By Amount Horace W. Goldsmith Harvard Business 10,000 USD Fellowship School Stanford Knight-Hennessy Stanford Business Fully Funded Scholars Program School

6. Columbia Fellows' Program Columbia Business Full or partial tuition fee School waiver McKinsey Award McKinsey Award 10,000 USD Joseph Wharton Fellowship Wharton School 20,000 USD Kellogg Scholarship Kellogg School of 7,000 USD Management Ramakrishnan Family Chicago business school 25,000 USD Scholarship Dean's Scholarship Stern School of Business Full tuition fee waiver Job Opportunities After MBA Undoubtedly, the US is the most sought-after destination for MBA graduates. The country has a huge scope for graduates from a business management background. By 2024, the BLS predicts that the demand for various businesses and associated roles in the USA will increase by 23%, leading to the creation of about 138,000 new jobs. Some of the best MBA jobs in USA and there average salary are mentioned below: Job Role Average Salary Investment Banker 200,000 USD Information Technology Manager 140,000 USD Marketing Manager 130,000 USD Sales Manager 120,000 USD Business Development Director 100,000 USD Business Operation Manager 100,000 USD Financial Manager 100,000 USD Management Consultant 100,000 USD Health Service Manager 99,000 USD Product Manager 98,000 USD

7. Top Recruiters in USA for MBA Graduates Many top companies/ industries look towards MBA graduates from top-notch US universities as their future employees. Some of the best recruiters for MBA graduates in the US are: ● ● ● ● ● ● ● ● Amazon, JP Morgan, Google Apple, BCG, Goldman Sachs, Deloitte, McKinsey, etc.