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    Cost of MBA in USA - Know MBA Fees in USA for Indian Students

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    Cost of MBA in USA - Know MBA Fees in USA for Indian Students

    Edited By Hema Gopalakrishnan | Updated on Sep 21, 2023 04:47 PM IST

    Cost of MBA in USA - The USA is one of the most preferred countries to do an MBA and the primary reason is the quality of MBA programmes offered at US universities. The Global MBA ranking by the Financial Times has always had business schools in the US lead the rankings and it is no different in 2023. In the top 18 of the 100 business schools ranked across the world, 13 of them are from the US and this includes names such as Columbia business school, Berkeley, Harvard, Stanford, Haas, Kellog and others. While MBA is the most popular degree to study in USA for international students, it is one of the most expensive as well. MBA in USA costs range from $45,000-$77,000 per annum.

    If you are aspiring to do your MBA from any of these universities in the US, then it will be worth your investment because you will gain much more in return compared to MBA in USA fees. This article attempts to give you a cost breakdown before you apply for a MBA degree in the US. Knowing the cost of pursuing an MBA in USA will help you infer whether it is worth doing an MBA in US.

    Cost of MBA in USA - Reasons to do an MBA in US

    There are many reasons that act in the favour of doing your MBA in USA. These include:

    • Excellent quality of MBA programmes in globally recognised universities.

    • Diverse MBA programmes and specialisations.

    • High ratio between ROI and MBA in USA fees. Excellent career opportunities with high salaries in multinational corporations in the US.

    • Internship opportunities at reputed companies in the US.

    • Scholarship options to pursue your course and fund MBA in USA for Indian students fees that greatly reduce MBA in USA costs.

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    MBA in USA Cost - Types of MBA

    The MBA fees in USA for international students will depend on the type of MBA programme you will opt for. Interestingly there are many types of MBA programmes that US universities offer. These include:

    • Full-time MBA

    • Part-time MBA

    • Executive MBA

    • Online MBA

    Cost of MBA in USA - Tuition fees for MBA courses

    Let us look at the MBA fees in USA for international students pursuing a full time course in some of the top universities in the US. The average cost of a full time MBA will be USD 60,000 per year. The exact fees for MBA in USA see wide variation among top universities. Most of the MBA courses in the US are for a duration of two years even though there are some accelerated MBA programmes of one year duration. The table below shows the average cost for MBA in USA in some of the top universities. The MBA fees in Indian rupees is also given.

    MBA tuition fee at top US universities

    Name

    Average Tuition Fees in USD

    Average Tuition Fees in INR

    Stanford Graduate School of Business

    81,400

    67 lakhs

    Harvard Business School

    77,400

    63 lakhs

    Columbia Business school

    64,700

    53 lakhs

    Booth School of Business

    72,000

    59 lakhs

    Yale University

    72,400

    59 lakhs

    Columbia Business School

    $65,988

    $99,824

    Wharton School

    73,000

    60 lakhs

    Haas School of Business

    73,400

    60 lakhs

    Kellogg School of Management

    75,000

    62 lakhs

    MIT Sloan School of Management

    77,200

    63 lakhs

    Cost of pursuing an MBA in USA -Living costs

    Apart from the tuition fee, you will have to take into account the living costs when calculating the average cost of MBA in USA for international students. MBA in USA fees are usually mentioned on the official websites along with living costs. The living cost is around $10000 to $18000 per year which comes to $1000-$1500 per month. This expense includes the cost for accommodation, boarding, food, travel, books, clothing and entertainment costs. You will also have to include your travel expenses to and from India; purchases such as furniture, desktop, medical costs apart from what is covered by your health insurance; and additional costs such as expenses for social outings, weekend trips, etc.

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    Cost of MBA in USA- Returns on your investment

    In case you have decided to pursue your MBA in USA, it is important to know what will be the return on your investment compared to MBA in USA for Indian students costs. Another cause of concern will be placement opportunities after you finish your MBA. According to the Graduate Management Admission Council's June 2022 corporate recruiters survey the average salary of MBA graduates would be USD 115,000. The survey also pointed out that the average salary of fresh MBA graduates as compared to experienced graduates was almost similar. Prospects must calculate the ratio between ROI and MBA in USA fees for Indian students do determine feasibility.

    The employment rate for MBA graduates is around 95% in the US and there are various job roles they can apply for. They can find jobs in areas such as finance, technology, HR , marketing, IT etc. Working in the US greatly improves your chances of getting a green card later.

    An MBA degree from a US university has immense value and you can find high-paying jobs in other countries as well.

    Cost of pursuing an MBA in USA - Scholarships you can apply

    You can reduce the cost of doing MBA in USA by applying for scholarships. There are MBA scholarships for Indian students in USA. Here are some scholarships you can apply for to cover MBA fees in USA.

    • Stanford Reliance Dhirubhai fellowship

    • The India Trust Fellowship

    • Akhtarali H. Tobaccowala Fellowship

    • McComb’s Scholarships and Fellowships

    • HBS Fellowship Programs

    • McKinsey Award

    • McGowan Fellows Program

    • Meyer Feldberg Distinguished Fellowship Program

    Some of these scholarships are fully-funded while others are partially funded scholarships. Even partially funded fellowships will significantly reduce your cost of MBA in USA for Indian students.

    Cost of MBA in USA - Reducing your cost

    If you are not willing to invest a huge amount of money in your MBA course, then you can opt for low cost MBA in USA for international students or opt for an online MBA. Universities such as the one at South Dakota, Cameron University and Lamar University provide low cost MBA degrees to international students.

    You can also consider an online MBA which is not limited to a specific location or timing and has lower MBA fees in USA.

    Another way to mitigate the cost of pursuing an MBA in USA is to do a part-time job while doing your MBA in US. Most universities allow you to do on-campus jobs while doing your management course.

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    Benefits of studying in USA

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    Most affordable universities in USA 2023

    The cost of doing MBA in USA should not be a deterrent considering the fact that the returns you get in the form of a well-paying job or an exciting career. And in case you get a job in the US, you will have a chance to get a green card and permanently settle in the US.

    Frequently Asked Question (FAQs)

    1. Can I study for an MBA for free in America?

    Yes, the best business schools such as Harvard and Stanford offer fully funded MBA programs for a fraction of the tuition fee. There are full and partial funding options for international students. However, the entry standards and required abilities are high, and there is a lot of competition among deserving students. 

    2. Can I get a fully funded MBA scholarship in the US?

    Luckily, Indian students have the opportunity to apply for MBA scholarships in the U.S. Many American institutions also offer MBA scholarships for meritorious students. 

    3. Is it worth doing an MBA in the US?

    The US has some of the best business schools in the world. Business graduates from these schools earn globally recognized qualifications. Apart from this, they get a strong foundation in leadership, business development, administration and have an opportunity to build a strong network.

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    Questions related to

    Get answers from students and experts

    Hi Raja,

    My brothers live in USA(Seattle) since 2015 and till now he haven't faced any problem on the basis of his nationality or by being Indian.We Indian are safe in America as the peoples of America doesn't fight over the religion. We do that thing.Americans are very good with the peoples comes form another country specially for us(Indian),because we have earned their respect by doing the good jobs over there.

    Hope this will help,please feel free to ask if you have any further queries.

    Thank You.

    Hello Aspirant,

    Hope your doing good!

    Students planning to pursue an MS degree in the US have to display their English proficiency by sitting for the IELTS exam which evaluates the following skills-

    • IELTS Listening
    • IELTS Writing
    • IELTS Speaking and,
    • IELTS Reading

    Almost the majority of the universities or graduate schools accept IELTS scores from the applicants and more than 3 million test-takers applied for the IELTS test to get admission to different institutions in the US.

    Most of the universities accept 5.5 IELTS in the USA and in case the IELTS score is less than 5.5, then you must consider taking the IELTS Test again. While targeting an average university in the US Universities, the candidates’ IELTS score must be at least 6.5 or higher than that.

    On a safer side, A score of 7 in IELTS is a good score acceptable by some of the well known colleges in the US.

    For more details, Do refer to the link mentioned below, It will give you step by step procedures about the exam and colleges!

    https://studyabroad.careers360.com/articles/ielts

    Hope this helps, For more such queries ping us more

    Thankyou, Good Luck for everything ahead :)

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    Production Manager

    Production Manager Job Description: A Production Manager is responsible for ensuring smooth running of manufacturing processes in an efficient manner. He or she plans and organises production schedules. The role of Production Manager involves estimation, negotiation on budget and timescales with the clients and managers. 

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    3 Jobs Available
    QA Manager

    Quality Assurance Manager Job Description: A QA Manager is an administrative professional responsible for overseeing the activity of the QA department and staff. It involves developing, implementing and maintaining a system that is qualified and reliable for testing to meet specifications of products of organisations as well as development processes. 

    2 Jobs Available
    QA Lead

    A QA Lead is in charge of the QA Team. The role of QA Lead comes with the responsibility of assessing services and products in order to determine that he or she meets the quality standards. He or she develops, implements and manages test plans. 

    2 Jobs Available
    Reliability Engineer

    Are you searching for a Reliability Engineer job description? A Reliability Engineer is responsible for ensuring long lasting and high quality products. He or she ensures that materials, manufacturing equipment, components and processes are error free. A Reliability Engineer role comes with the responsibility of minimising risks and effectiveness of processes and equipment. 

    2 Jobs Available
    Safety Manager

    A Safety Manager is a professional responsible for employee’s safety at work. He or she plans, implements and oversees the company’s employee safety. A Safety Manager ensures compliance and adherence to Occupational Health and Safety (OHS) guidelines.

    2 Jobs Available
    Corporate Executive

    Are you searching for a Corporate Executive job description? A Corporate Executive role comes with administrative duties. He or she provides support to the leadership of the organisation. A Corporate Executive fulfils the business purpose and ensures its financial stability. In this article, we are going to discuss how to become corporate executive.

    2 Jobs Available
    ITSM Manager

    ITSM Manager is a professional responsible for heading the ITSM (Information Technology Service Management) or (Information Technology Infrastructure Library) processes. He or she ensures that operation management provides appropriate resource levels for problem resolutions. The ITSM Manager oversees the level of prioritisation for the problems, critical incidents, planned as well as proactive tasks. 

    3 Jobs Available
    Information Security Manager

    Individuals in the information security manager career path involves in overseeing and controlling all aspects of computer security. The IT security manager job description includes planning and carrying out security measures to protect the business data and information from corruption, theft, unauthorised access, and deliberate attack 

    3 Jobs Available
    Computer Programmer

    Careers in computer programming primarily refer to the systematic act of writing code and moreover include wider computer science areas. The word 'programmer' or 'coder' has entered into practice with the growing number of newly self-taught tech enthusiasts. Computer programming careers involve the use of designs created by software developers and engineers and transforming them into commands that can be implemented by computers. These commands result in regular usage of social media sites, word-processing applications and browsers.

    3 Jobs Available
    Product Manager

    A Product Manager is a professional responsible for product planning and marketing. He or she manages the product throughout the Product Life Cycle, gathering and prioritising the product. A product manager job description includes defining the product vision and working closely with team members of other departments to deliver winning products.  

    3 Jobs Available
    IT Consultant

    An IT Consultant is a professional who is also known as a technology consultant. He or she is required to provide consultation to industrial and commercial clients to resolve business and IT problems and acquire optimum growth. An IT consultant can find work by signing up with an IT consultancy firm, or he or she can work on their own as independent contractors and select the projects he or she wants to work on.

    2 Jobs Available
    Data Architect

    A Data Architect role involves formulating the organisational data strategy. It involves data quality, flow of data within the organisation and security of data. The vision of Data Architect provides support to convert business requirements into technical requirements. 

    2 Jobs Available
    Security Engineer

    The Security Engineer is responsible for overseeing and controlling the various aspects of a company's computer security. Individuals in the security engineer jobs include developing and implementing policies and procedures to protect the data and information of the organisation. In this article, we will discuss the security engineer job description, security engineer skills, security engineer course, and security engineer career path.

    2 Jobs Available
    UX Architect

    A UX Architect is someone who influences the design processes and its outcomes. He or she possesses a solid understanding of user research, information architecture, interaction design and content strategy. 

     

    2 Jobs Available
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