MBA is an ideal choice for aspirants who want to enter leadership roles. The degree, especially from a superpower like the US, equips students with the requisite knowledge of business trends, entrepreneurial skills, and diversity for a career switch. These reasons make a MBA in USA for Indian Students the second most popular course after engineering. In short, it’s worth it study in the US†
Benefits of Doing an MBA in the USA
According to the QS ranking, 50 US business schools are in the top 100 in the world. That is why getting an MBA from such reputable institutes sets you apart from the rest. More than 51 MBA specializations are offered in the US and are recognized worldwide.
Studying MBA in USA sounds expensive. However, full and partial funding options have made it affordable for Indian students. Good GMAT scores can also help you get a scholarship.
The US is one of the leading economies, with a global presence in the labor market. Indian students take an MBA there to gain exposure in the industry and gain experience with the top brands. The international brands offer internships, live projects, training and certification courses to the top 50 US B-schools.
The United States of America is the most preferred foreign education destination with international students from all over the world. It offers a welcoming and safe environment to students and working professionals. Universities in the US are culturally diverse and allow for general development for the same reason.
USA MBA Eligibility for Indian Students
Home to 50 globally-ranked B-schools, university admissions in the US are competitive as application numbers are nearly 10 times higher than admission intakes. Here are some of the important ones MBA in USA for Indian Students Requirements:
● A bachelor’s degree with a GPA of 3.5 to 4 from a recognized program committee.
● You must have a minimum of two years of work experience to obtain an MBA in the US.
● GMAT score. The minimum required score is 600.
● Statement of Purpose (SOP).
● TOEFL or IELTS test scores.
Types of MBA in USA
A full-time MBA program is a two-year classroom program. In the first year, students will be exposed to business subjects. In the second year, students are required to pursue one or two majors or specializations based on their grades or interest. The first year will be the same for everyone, but in the second year, classes will be divided according to specialization. In the second year, students will have to do various training courses and internships with different brands. A full-time MBA program is designed for regular students.
Part time MBA
A part-time MBA is for individuals who are already employed and working. They only take classes on weekends. Therefore, the course duration can be from two to four years.
This course is intended for senior positions such as managers. It focuses on leadership, monitoring, teamwork and communication skills. Companies organize executive MBA programs for existing employees or management officers to help them retrain.
Online MBA is done through digital study mode. There are no fixed times and times for the lessons. Students can take the course from different countries without being physically present.
Top Universities for MBA in USA
As discussed, there are several prestigious B schools in the US. Let’s take a look at some of the globally ranked MBA colleges in USA for Indian students:
● Wharton School, University of Pennsylvania
●NYU Stern School of Business
● Yale University
●USC Marshall School of Business
Harvard Business School
●Columbia Business School
Haas School of Business
●Samuel Curtis Johnson Graduate School of Management
● The University of Chicago
● Kellogg School of Business Administration
Ross School of Business
UCLA Anderson School of Management
●Massachusetts Institute of Technology
Documentation Needed for MBA in USA
Students are required to submit all kinds of necessary documents to process the admission in the US. Here are some of the most important documents for admission to MBA programs:
● All previous academic qualifications and transcripts. It includes high school, graduation, post-graduation and all relevant certificates.
● A minimum of two letters of recommendation (LORs) from teachers or former employers.
● Updated copies of resume.
● Statement of purpose.
● USA study visa.
● TOEFL or IELTS test scores.
● GRE or GMAT scores.
● Work experience certificate.
● Passport Size Passport Photos
How do I get admission into an MBA in the US?
US universities usually have two admission intake sessions: fall and spring. Indian students should thoroughly research all US B schools and their eligibility criteria. It will help you choose the top five or six institutes where you can apply for an MBA.
Choose the specialization you want to go for. Usually, the American B-schools offer all the sought-after specializations. Then you must meet the eligibility criteria.
Complete the application form by paying the registration fee. Work on relevant documents such as SOP and LORs. Be sure to keep track of important application dates and deadlines so you don’t apply at the last minute. Competition is fierce, so apply to as many institutes as possible. Prepare well for the interview rounds.
Cost of MBA in USA for Indian Students
MBA in USA is expensive. However, it is definitely worth getting an MBA degree from one of the leading MBA institutes. The average cost of an MBA in the US is somewhere in between 49 lakhs to 89 lakhs per year.
1. Harvard University MBA Cost for Indian Students† USD 73,440 (INR 54.49 lakhs).
2. Wharton MBA Cost for Indian Students: USD 83,230 (INR 61.76 lakhs) for the first year, and
3. Stanford University MBA Cost for Indian Students: USD 74,706 (INR 55.43 lakhs) for the first year.
Affordable MBA in USA for Indian Students
For Indian students, getting an MBA from USA is a dream. However, on average, an MBA in the US costs about 70 lakhs per year. It is only the fee, and you will also have to pay seven-eight lakhs for living expenses. It can be difficult to manage for many deserving students.
We have taken note of this and listed the cheapest MBA colleges in USA for Indian students. The average tuition fees of these range from INR nine lakhs to 17 lakhs per year.
● University at Buffalo: USD 12,195 (INR 9.05 lakhs)
● Lamar University: Less than USD 16,000 (INR 11.87 lakhs)
● Iowa State University: USD 16,983 (INR 12.60 lakhs)
● California Miramar University: USD 22,815 (16.93 lakhs)
Vacancies After MBA Program in USA
According to the 2020 Corporate Recruiters Survey, MBA graduates are paid around in the US USD 115,000 to USD 145,000 per year (INR 85.45.788 to INR 1.07.75.124). Below are some of the jobs available after an MBA in the USA -:
● Operations Manager
● Project Manager
● Executive Director
● System Engineer
● Human Resources Manager
● Sales Manager
● Chief Financial Officer
● Business Development Director
●Senior IT Manager
● Account Manager
● Accounting Manager
● Financial Manager
● Financial Analyst
● HR Director
●Sr Product Manager
● Business Development Manager
MBA in USA for Indian Students: Frequently Asked Questions
Q1. Can I do an MBA in the US for free?
A. Yes, the best business schools like Harvard University and Stanford University offer fully funded MBA programs that make tuition negligible. In the US, there are both full and partial funding options for international students. However, the admission criteria and the required merit are high and there is a lot of competition among deserving students for them. Some of the scholarships for MBA in USA for Indian students are Fulbright-Nehru Fellowships, IEFA, AAUW International Fellowships and Rotary Ambassadorial Scholarship.
Q2. Is GMAT Mandatory for MBA in USA?
A. Yes, the GMAT is a required entrance exam for the best MBA programs in the US. The minimum required score is 600. However, this varies from university to university. The top three universities set high standards for the GMAT score. Some universities do not require a GMAT score. Some of them include the University of Hull, Ross School of Business, Florida International University, Pace University, and Boston University. To waive the GMAT score requirement, one must have a high GPA or work experience.
Q3. Is studying for an MBA in the US worth it?
A. Doing an MBA from the most developed economy has its perks. An MBA degree provides strong knowledge in business development, administration and leadership and helps build a strong network and explore lucrative opportunities. On the other hand, a US MBA is worth every penny invested. The students gain international exposure with top-notch brands, flexible education system, best faculties and a ranked MBA degree.