BLS estimates that by 2024, there will be over 1,38,000 brand-new job openings in the USA for graduates in business management. In comparison to existing demands, this is anticipated to represent a 23% increase. It is not surprising that international students prefer to obtain an MBA in the United States. Leadership positions are more unique and emotionally resonant with one’s spirit. Global leadership qualities are ingrained in MBA graduates from reputable colleges and business schools in the United States. If you want to learn about the lesser-known and unexpected facts regarding MBA in the USA, keep reading.
Why Choose a USA MBA Program?
- The US has astounding records for having the greatest graduation rate in management courses. The US Department of Education reports that every year, more than 1,26,000 MBA candidates
- Top of the list – According to the QS and FT rankings, there are about 50 business schools in the USA that are ranked internationally. 51 courses from US business schools are ranked among the top programmes worldwide in the Financial Times Global MBA rating.
- Outstanding career opportunities – The headquarters of nearly 500 multinational firms are located close to the USA. The average annual wages for MBA grads are roughly 116,000 USD. You, therefore, have a fantastic chance of being hired by the best international recruiters. The most profitable investment for future gains!
- Financial aid of all kinds — who doesn’t appreciate scholarships? For international students, 348 universities provide a variety of scholarships.
- Experience in the industry – You have access to a variety of training programmes, internships, hands-on learning experiences, and opportunities to network with international leaders who will help you fulfil market expectations.
BEST MBA Schools in the USA
Any university’s main goal is to meet your requirements in a variety of ways. It includes every aspect, including knowledge transfer, internationally recognised degrees, incredible employment chances, an affluent lifestyle, and great study opportunities. These are the main explanations for why foreign students have a strong affection for the top business schools in the USA. Knowing about these MBA universities is undoubtedly crucial because it helps you focus your research and make the best choice possible in all conceivable respects.
USA’s Top MBA Specializations
| Institution | QS Global ranking 2021 | FT Global ranking 2021 |
| Stanford university | 1 | 3 |
| University of Pennsylvania’s Wharton School of Business | 1 | 2 |
| INSTEAD | 3 | 4 |
| MIT (Sloan) | 3 | 6 |
| Harvard | 5 | 1 |
| London Business School | 6 | 7 |
| HEC Paris | 7 | 9 |
| Chicago | 8 | 10 |
| UC Berkeley (Haas) | 9 | 12 |
| Northwestern (Kellogg) | 10 | 11 |
Most Preferred MBA Specializations in The USA
The value of numerous specialities in management degrees is increased by the global need for distinct skill sets in company management. Did you realise? About 51 of the Top 100 MBA programmes are given good marks by the Financial Times Global MBA Ranking. The popularity of the courses and the demand in the current business industry are the primary drivers of this recognition. The main emphasis of current MBA degrees is a scientific approach to corporate management.
Critical thinking, problem-solving, and risk management are all part of the MBA in General Management. a thorough approach to mastering all management abilities necessary to become effective global leaders. You also have a fantastic chance to enter fields like organisational behaviour, project quality management, business analytics, etc.
The most sought-after specialisation for candidates looking to climb the corporate ladder quickly is an MBA in marketing. You’ll have the opportunity to become familiar with fundamental marketing practices like brand management, advertising, and sales promotions.
Human Resource MBA – get a 2-year degree programme that focuses on hiring, management, and providing employment opportunities.
Leading colleges in the USA offer business strategy, business communication, and organisational behaviour classes as part of their MBA in consulting programmes, preparing students for the demands of the corporate world. High-paying positions in the consulting industry for MBA graduates include business consultant, business development manager, management consultant, etc.
MBA in Finance – Aspirants who enjoy math, calculations, analytics, etc., should consider pursuing an MBA in Finance in the United States. You will gain knowledge of business operations such as corporate budgeting, managerial finance, investments, and fundraising.
MBA Scholarships Available In The USA
Any student who wishes to pursue higher education in the USA will typically have their investment as their first nightmare. Yes, it is an important decision element for pupils and should be given careful consideration. But these astronomical costs can be easily managed by making use of some of the top scholarships available. You can typically choose between need-based and merit-based scholarships. Knowing about the various scholarship programmes available in the USA will enable you to reduce costs without any difficulty.
Here Are A Few Of The Most Well-Known Scholarship Programmes In The USA, Which Annually Helps Tens Of Thousands Of People.
- International students who qualify for the Harvard Business School Scholarship may receive up to 40,000 USD per year to cover their tuition costs.
- Scholarships and Fellowships at McComb’s – Get a full tuition fee waiver for every semester starting at USD 2000.
- Scholarships from the Forte Foundation – These scholarships are given to deserving female Columbia business school students.
- You can get up to $1 million USD to study MBA in the USA, according to Akhtarali H. Tobaccowala.
- Around three Indian students might get the 25,000 USD Ramakrishnan Family Scholarship each year at the Chicago Booth School of Business.
MBA fees in the US
| Component | Cost (USD) |
| Application cost | 504 |
| IELTS | 250 |
| TOEFL | 200 |
| GRE | 190 |
| SERVICES | 180 – 200 |
According to a well-known proverb, knowledge is priceless. However, we must make an investment in high-quality education and see a return on it. The best approach to land a lucrative job is to invest in an MBA in the USA. The increasing demands of the present and the future are for potential managers, marketers, organisation executives, and other effective work functions. From 40,000 to 80,000 USD can be spent on an MBA programme in the USA. The total cost, which includes preparatory costs, tuition costs, living expenditures, and other costs, should also be taken into account. The costs of an MBA in the USA were broken down by our staff and are presented below.
| S.No | University | Average Annual Tuition fees (USD) |
| 1 | Stanford university | 74,706 |
| 2 | University of Pennsylvania’s Wharton School of Business | 76,800 |
| 3 | University of Virginia- Darden | 73,990 |
| 4 | MIT (Sloan) | 77,168 |
| 5 | Harvard University | 73,440 |
| 6 | Columbia Business school | 78,220 |
| 7 | Yale University | 72,350 |
| 8 | Chicago Booth | 73,440 |
| 9 | UC Berkley | 68,444 |
| 10 | Northwestern University | 74,871 |
Prior to departure costs
One of the most crucial considerations to make is getting ready to study MBA in the United States. There are several expenses that need to be taken into account before obtaining the offer letters and before arriving in the USA. It might cover the cost of an application, an English proficiency test, a visa, aeroplane tickets, etc.
| Component | Cost (USD) |
| Application cost | 504 |
| IELTS | 250 |
| TOEFL | 200 |
| GRE | 190 |
| SEVIS | 180 – 200 |
Average MBA Tuition Costs In The USA
The cost of an MBA programme in the USA is often determined by the university’s reputation, the value of its specialisations, and its quality of teaching. People who are interested in management classes may already have a business or simply desire to advance their abilities, knowledge, and potential. In the USA, there are numerous scholarships available to lower the costs.
| S.No | University | Average Annual Tuition fees (USD) |
| 1 | Stanford university | 74,706 |
| 2 | University of Pennsylvania’s Wharton School of Business | 76,800 |
| 3 | University of Virginia- Darden | 73,990 |
| 4 | MIT (Sloan) | 77,168 |
| 5 | Harvard University | 73,440 |
| 6 | Columbia Business school | 78,220 |
| 7 | Yale University | 72,350 |
| 8 | Chicago Booth | 73,440 |
| 9 | UC Berkley | 68,444 |
| 10 | Northwestern University | 74,871 |
American Living Expenses
You are not the only one seeking a cheap place to live in the USA. Many people, including foreign students, entrepreneurs, and everyday citizens, wish to live legally in the United States either temporarily or permanently each year. You may take advantage of the most exciting locations and cities with the right preparation, research, and financial possibilities.
The table below is for international students who want to live a happy life while they are studying.
| Major elements | Average Expenses per Month (USD) |
| Food | 150 – 200 |
| Accommodation | 1200 |
| Transportation | 150 – 300 |
| Personal expenses | 300 – 600 |
| Health insurance | 500 – 750 |
American MBA Requirements
There are several prerequisites that applicants must meet regardless of whether they want to pursue a full-time, part-time, executive, or online MBA. The best colleges can readily place aspirants who possess these potentials in their preferred courses. International students must primarily be equipped with the necessary entry requirements, academic credentials, and respectable exam scores.
American MBA Eligibility Requirements And Exam Details
- Candidates from abroad must possess the fundamental academic requirements, which are a three- or four-year bachelor’s degree. However, the majority of business schools and universities require applicants to have completed 16 years of formal study at reputable schools in their home nations.
- One of the most important requirements for any business school is a GMAT or GRE score, and applicants must have a respectable score (the average GMAT score should be above 730 and the GRE goes from 150 to 165).
- Passing language proficiency tests like the IELTS and TOEFL is crucial.
- Another element that some institutions require as a prerequisite for admission is work experience. International students typically need to have two to three years of work experience in order to enrol in some specialised courses.
Jobs in the USA After An MBA
The best colleges prepare international students for the future global market by providing top-notch courses. Leading employers like Amazon and Google are openly accepting graduates for well-paying employment. The average annual salary for management graduates is expected to be around 115,000 USD as of 2021. Students from a variety of industries, such as finance, business, analytics, marketing, consulting, etc., are hired by recruiters. Currently, 95% of MBA grads are employed. However, being aware of the ideal employment function enables students to prepare appropriately.
| S. No | Job Designation | Average Annual Salary(USD) |
| 1 | Business development director | 105,000 |
| 2 | Project Manager | 76,420 |
| 3 | Operation Manager | 62,461 |
| 4 | Finance Manager | 92,093 |
| 5 | Financial Analyst | 62,734 |
| 6 | Accounting Manager | 72,412 |
| 7 | Data analyst | 60,859 |
| 8 | Product Manager | 95,924 |
| 9 | HR Manager | 66,325 |
| 10 | HR Director | 90,542 |
MBA Salary in The USA
Receiving our investment’s return is a fantastic sensation. The future value of taking management courses in the US will never diminish. There is a high demand for management graduates across a variety of areas, including technology, business, finance, marketing, education, etc. The typical yearly pay for a technology MBA
Technology-focused MBA graduates from abroad land the highest-paying jobs across a variety of industries. The typical yearly wage is in the neighbourhood of 112,000 USD. Chief Information Officers (CIOs) at the top of the food chain might earn up to 202,000 USD annually.
The Typical Yearly Income For An MBA in Consulting
Consulting is one of the industries with the quickest rate of growth, and MBA holders are highly sought for. Average wages at well-known consulting firms like BCG, McKinsey, and Bain can reach 165,000 USD annually.
The Typical Yearly Pay For A Finance MBA
The most common degree were graduates from the USA are recognised and accepted internationally is an MBA in Finance. Graduates of the MBA programme in finance can expect to earn an annual income of up to 102,000 USD on average.
The top recruiters in the USA pay highly for well-known positions including marketing director, marketing manager, and senior product manager. Graduates with an MBA in marketing from reputable colleges can expect to make up to 162,000 USD annually.
Work Permit After MBA In The USA
It is challenging for overseas students to leave the United States after graduating due to the vibrant environment, rich culture, and numerous chances. You will be able to quickly obtain a post-graduate work visa thanks to the USA government’s student-friendly policies. If you have a valid F1 visa, you can remain in the USA. You can take advantage of chances for temporary employment under the OPT (Optional Practical Training) programme. Students can take advantage of up to 3 years of stay-back terms if they enrol in a STEM programme that includes courses in computer science, engineering, and business management.
The USA is one of the few countries where students aspire to pursue higher education because of its outstanding innovation, substantial research, top-notch education, and widely recognised degrees.
MBA study in the USA is no longer just a pipe dream! You can, in fact, choose wisely right now. International students can choose from a wide variety of management programmes thanks to a partnership between Starbright Overseas Education and the top business schools and colleges in the USA. Make the proper choice and build your dream job with the help of excellent management programmes.
Speak with Starbright Overseas Education
FAQ
How Do I Pursue An MBA In The USA?
- Choose the American university that has the best MBA programme for you.
- Make sure you are lenient with the university’s eligibility requirements.
- Bachelor’s degree takes four years.
- Over 600 on the GMAT.
- English proficiency testing (TOEFL/IELTS)
- A minimum of two to three years of work experience is recommended or required by the majority of universities.
You can contact educational specialists for comprehensive guidance.
To apply, Contact Starbright Overseas Education.
How Much Does An MBA Programme In The United States Cost?
| S.No | University | Average Annual Tuition fees (USD) |
| 1 | Stanford university | 74,706 |
| 2 | University of Pennsylvania’s Wharton School of Business | 76,800 |
| 3 | University of Virginia- Darden | 73,990 |
| 4 | MIT (Sloan) | 77,168 |
| 5 | Harvard University | 73,440 |
| 6 | Columbia Business school | 78,220 |
| 7 | Yale University | 72,350 |
| 8 | Chicago Booth | 73,440 |
| 9 | UC Berkley | 68,444 |
| 10 | Northwestern University | 74,871 |
However, costs may vary amongst universities.
How Long Does An MBA Take In The United States?
MBA programmes in the US typically last two years, however, some offer accelerated, one-year versions.
Which Exam Should I Take To Get An MBA in The USA?
One of the most important requirements for any business school is a GMAT or GRE score, and applicants must have a respectable score (the average GMAT score should be above 730 and the GRE goes from 150 to 165).
Passing language proficiency tests like the IELTS and TOEFL is crucial.
How Can I Apply For An MBA Scholarship In The United States?
- Request funding options
- Concentrate on test preparation
- Ask about the requirements and finances for an MBA.
- Verification
- Approval
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