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

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Meridean Overseas
Meridean Overseas

Updated On 11 December 2023 & Read Time 8 minutes

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Overview

 The USA 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 the USA is unmatched.

 

Due to the vast career prospects in the country, MBA is one of the top courses overseas students choose to study in the USA. According to the data from the USA Department of Education, every year, around 1,25,000 international students move to study MBA in USA. Since the US is home to many top industries/ companies, it offers a vast scope for MBA graduates.

 

So, if you are planning to pursue an MBA in USA, then read this blog till the end to gather detailed information about the study abroad journey!

  

Top Specialisations in MBA

An MBA is a professional degree with many specialisations. Students can choose their specialisation according to their field of interest. MBA in USA is a two-year master's program that includes a theory of general management principles along with its practical application in business. There are around 50 specialisations in MBA in USA; some of the top MBA courses in USA universities are:

 

MBA in Digital Marketing

With the increasing globalisation and massive growth of digital media, traditional marketing methods are being replaced by digital platforms. This has created a vast 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 specialisations in Business Analytics has risen. The course offers skills to collect and analyse valuable data and make various business decisions based on the analysis. Further, MBA in USA 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 valuable data and make data-driven decisions.

 

MBA in Data Analytics

Data analytics is about utilising data to identify solutions and solve commercial issues. Further, the data is collected through numerous sources, such as text, photos, and video. Furthermore, data scientists undertake more thorough data analysis, whereas business analysts are more active in solving business issues and making recommendations accordingly.

 

MBA in Strategy

Making a strategic decision based on the previous year's data is essential to achieving the company's goal. An MBA in Strategy is a popular course that is relevant to almost every sector of the business. Moreover, while pursuing an MBA in USA, students will learn to detect the company's goal and 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. Business can only run successfully with proper management of finances. Therefore, an MBA in finance course gives students 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 specialisations as it has immense career prospects. No matter what kind of company/ industry or business it is, it also requires a marketing manager to grow. Therefore, by undertaking an MBA in USA, 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 essential in becoming a thriving manufacturing and supplier industry. 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 know 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 prepare them to perform a managerial role in global enterprises.

 

MBA in Human Resource Management

A human resource manager is vital in establishing the company's and its employees' relationships. Thus, by pursuing an MBA in USA, 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 

 Around 50 US business schools rank among the world's top business schools. Some of the best MBA universities in USA for Indian students are:

 

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MBA in USA Cost

The cost of an MBA in USA varies from university to university and course to course. The average MBA fees in USA ranges between USD 45,000 and USD 77,000 per year for Indian Students.

 

However, considering the quality of education, skills, world-class faculty, and enormous 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 the USA, it is around 10,000 USD per year.

 

MBA salary in USA

MBA salary in USA depends upon the skills, field and work experience. Here are some of the highest-paying jobs in the USA. Take a look at the table below.

Job Title

Average Annual Salary (USD)

HR Manager

73,078

Business Operations Manager

73,123

Business Analyst

76,926

Digital Marketing Manager

78,327

Project Manager

79,497

Business Intelligence Analyst

80,774

SAP Consultant

85,156

Product Manager

93,976

Finance Manager

102,889

Sales Manager

115,531 

Scholarships for MBA

Many international students need help to afford to study in the USA. So, many US universities offer scholarships to support and attract academically talented students worldwide.

 

Some of the best scholarships for an MBA in USA are mentioned below:

Scholarship

Offered By

Amount

Horace W. Goldsmith Fellowship

Harvard Business School

10,000 USD

Stanford Knight-Hennessy Scholars Program

Stanford Business School

Fully Funded

Columbia Fellows' Program

Columbia Business School

Full or partial tuition fee waiver

McKinsey Award

McKinsey Award

10,000 USD

Joseph Wharton Fellowship

Wharton School

20,000 USD

Kellogg Scholarship

Kellogg School of Management

7,000 USD

Ramakrishnan Family Scholarship

Chicago business school

25,000 USD

Dean's Scholarship

Stern School of Business

Full tuition fee waiver 

Conclusion

The USA is a land of opportunities. People from all around the world come to work and study. It is one of the most popular destinations among students. So, if you are planning to pursue an MBA in USA, then your decision is perfect because there are some of the best MBA colleges in USA with a fair cost of study. Additionally, many scholarships are available to support your dream of pursuing an MBA in USA. Apart from this, the USA provides 50 different MBA courses with specialised degrees. Keep the details in mind when you plan your journey abroad. We wish you luck!

 

Now, you have all the details about an MBA in USA.  If you’d like to know more about how and from where to pursue an MBA in USA or study in USA, contact our expert country counsellors at any branch of Meridean Overseas Education Consultants (MOEC), who’ll help you in every step of your study abroad journey.

 

Visit our website for free online counselling, or contact us at application02@meridean.org or 1800-1230-00011 for personalised support.

 

FAQs

Q: How much does an MBA in USA cost?

A: The cost of studying for an MBA in USA varies from university to university and course to course. However, the average fee ranges from USD 45,000 to USD 77,000 per year.

 

Q: Which exam is required for an MBA in USA?

A: To enrol in MBA colleges in USA, students require any one English proficiency test score that their preferred university accepts, such as IELTS, TOEFL, PTE, and Duolingo. Moreover, few universities also require standardised admission test scores (GMAT or GRE).

 

Q:What scores are required in GMAT for MBA in USA?

A: Though GMAT is not compulsory to enrol in every US university. However, top-notch universities may require GMAT test scores; the minimum score required for GMAT is 550+.

 

Q: Which MBA is in demand in the USA?

A: Undoubtedly, an MBA is one of the top courses international students choose to study in the USA. Some of the best MBA courses in the USA which are in high demand are:

  • MBA in Digital Marketing

  • MBA in Strategy

  • MBA in Data Analytics

  • MBA in Business Analytics

  • MBA in Finance

  • MBA in Supply Chain Management

  • MBA in Human Resource Management

 

Q: Is work experience necessary for MBA in USA?

A: No, work experience is not required to enrol for an MBA in USA. However, most of the top-notch universities in the USA require field-relevant work experience of a minimum of 2 to 3 years.

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