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MBA Cost in USA for International Students

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MBA

MBA Cost in USA for International Students

Many Indian Students as well as professionals dream of pursuing an MBA from one of the top business schools in the US. An MBA degree has the potential to create career opportunities in multiple corporations and industries for students who excel in management. USA is rightfully known as world’s largest MBA ecosystem with 125,000 students graduating with an MBA degree every year. 

MBA graduates are estimated to earn 114,000 USD annually, 3 months after graduation. For admission to MBA colleges in the USA, you need to have a GMAT score of more than 650 which can be compensated with work experience if requirements are not met. You need to have at least 3 years of work experience. There are six types of MBA degrees you can pursue with only specific universities offering those degrees. 

  • Full-Time MBA Program: A Full –Time MBA program usually lasts for 1-2 years and requires on-campus attendance of all of it’s students. 

Available at Stanford, Harvard, Wharton, Booth, Sloan. 

  • Executive MBA Program: Executive MBA programs are designed for senior working professionals who attend college while still holding their existing jobs. 

Available at Kellogg, Wharton, Sloan, Yale. 

  • Part-Time MBA Program: A Part-Time MBA is a program which you can attend on weekends or evening classes while still working or attending another course. 

Available at Sloan, Harvard, Stanford, Columbia. 

  • Online MBA: Available at Kelley, UNC Kenan-Flagler Business School, Warrington College of Business. 
  • Early Career: This MBA program is basically made for students who have recently graduated from college and do not have any work experience yet. 

Available at Booth, Wharton, Anderson School of Management. 

  • Global MBA: It is an MBA program which trains students in International Business Management. 

Available at Harvard, Stern Business School. 

The cost however for pursuing MBA from top colleges is about 100,000 USD on average in tuition fees for both years. If you add the accommodation expenses as well as books and other expenses, it can amount to an average cost of 130,000 USD approximately. Many students tackle such expenses with merit-based scholarships, financial aid from the university, or need-based scholarships. 

Several students also opt to pursue MBA from affordable yet internationally accredited universities which help them to cut expenses down and even prevent them from taking on significant debt. Keep reading to find out the average cost of several top business schools as well as affordable universities which never fall short of providing distinguished career opportunities. 

Top Business Schools and their approximate tuition fees 

  • Stanford Graduate School of Business: 56.4 Lakhs/year 
  • Harvard Business School: 55.65 Lakhs/year 
  • Wharton School of Business: 62.8 Lakhs/year 
  • Sloan School of Management: 59.6 Lakhs/year 
  • Stern School of Management: 59.4 Lakhs/year 
  • Anderson School of Management: 41.8 Lakhs/year 
  • Ross Business School: 54.4 Lakhs/year 
  • Johnson Graduate School of Management: 55.8 Lakhs/year 
  • Kellogg School of Management: 57.6 Lakhs/year 
  • Booth School of Business: 56.5 Lakhs/year 

Affordable MBA Colleges in USA 

  • Beacom Business School (University of South Dakota). 
  • Southeast Missouri State University. 
  • Central Michigan University. 
  • Minnesota State University. 
  • San Francisco State University. 
  • Missouri University. 
  • University of Tampa. 
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