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MBA ROI in USA 2024: Top Universities, Courses, Calculator
Edited By Stuti Jain | Updated on Jun 28, 2024 02:20 PM IST
What is the return on investment of an MBA in USA? ROI, or return on investment, is an estimate of the credibility of investing in a Master of Business Administration or an MBA degree, taking into account the profit that it generates and the opportunities that it offers to students after completion. In this article, we calculated the ROI (Return on investment) on MBA from USA for a student. Although many professionals pursue MBA after gaining some work experience, however, in this article, we have calculated the ROI for a student. We will be covering the ROI on MBA in USA for a professional in a separate article.
An MBA is a popular degree among international students. According to different reports, there has been an increase of 35% with more than 260,000 students pursuing their higher education in leading MBA universities throughout the world, among which 25% of the total student population consists of Indian students.
Earning an MBA could be extremely helpful for your career in a variety of ways, including developing in-demand skills, growing your network, and providing exposure to new opportunities. This article provides insight into the ROI in MBA in USA, how to calculate the ROI, university with the best ROI, and more.
Best ROI For MBA Universities in USA 2024
Several universities in USA provide a good return on investment for international students. Below is a list of some of the best ROI MBA colleges in USA.
Best ROI MBA Colleges USA
University | QS Global MBA Ranking 2024 |
1 | |
2 | |
3 | |
6 | |
7 | |
12 | |
14 | |
16 | |
17 | |
41 | |
42 | |
55 |
Best ROI MBA in USA 2024
Here are the top Business Schools along with their average starting salary, tuition fees, and the return on investment in 10 years.
Stanford Graduate School of Business: The school offers MBA graduates an average starting salary of USD 182,500 and a tuition fee of USD 150,000. The return on investment over ten years is expected to be 325 percent.
Harvard Business School: With an average starting salary of USD 125,000, a total program cost of USD 122,000, Harvard Business School provides a 10-year ROI of 320 percent.
Imperial College Business School: The 10-year ROI is USD 870,200, over 14 times greater than the average domestic tuition rate.
Ross School of Business: The 20-month course at Ross has a 10-year ROI of around USD 826,300, and students can cover their initial investment in 40 months following graduation.
How to Calculate ROI for MBA in USA 2024?
Here are the steps on how we have calculated the ROI for MBA colleges in USA. The ROI here is calculated according to the student’s perspective and not professionals. Going forward, we will also cover the ROI for MBA in USA for professionals.
Step 1: We have taken the current salary as Zero, as we have calculated the ROI for an MBA in USA for a student and not for a professional or someone having work experience.
Step 2: The student will pursue a full-time MBA programme in USA and will be doing a part-time job along with his/her studies.
Step 3: The student will be pursuing a two-year full-time MBA programme in the US.
Step 4: The part-time jobs earnings calculation is mentioned below.
In the USA, students are allowed to work 20 hours per week for their part-time job, hence we have taken USD 15 per hour as an average wage and multiplied it for one year..
The total annual salary from a part-time job in USA will be 15*20*52 = USD 15,600.
Step 5: We assumed that the student will be pursuing a summer internship during his/her course.
Step 6: We have mentioned the approximate earnings during the summer internship. The average mean salary for a week in USA is USD 1,925, hence for 10 months, the total adjusted average salary would be around USD 19,000.
Step 7: Below we have given the total expected cost of an MBA programme. As provided in the image, the total cost of top full-time MBA programmes in USA is around USD 168,000. This cost covers tuition fees, living expenses, healthcare costs, and other expenses.
Step 8: Assuming, the student will take a student loan from a bank or any financial institution that provides loans to students planning to study abroad.
Step 9: Enter your desired loan amount.
Step 10: We have adjusted the interest on an education loan at 9.2% annually.
Step 11: The loan term of 10 years has been taken.
Step 12: According to GMAC surveys, the average earned salary is USD 115,000 for a full-time MBA programme in 2021. We have taken this salary for calculating the ROI (Return on Investment).
Based on the data provided, your estimated total MBA investment is approximately USD 290,000. After earning your degree, your initial boost in salary will be around USD 65,000, and you will be able to recover the business school investment in approximately 4.5 years.
Assuming regular salary increases of 3 percent annually, 10 years after completing your MBA, your estimated ROI would be around 350%.
Your estimated cumulative salary earnings in 30 years after completing your MBA would be around USD 5,180,000. That’s an estimated USD 2,800,000 more than you would earn without an MBA degree.
Top Courses with Best ROI MBA in USA
Here are few of the MBA programmes that provide the best ROI in USA, these programmes are mentioned in the table below.
Best ROI MBA in USA
MBA in Finance | MBA in Business Management |
MBA in Marketing | MBA in Hospitality Management |
Factors Affecting MBA ROI in USA
There are several factors affecting the MBA ROI in USA for international students, which include:
MBA Salary
Tuition and fees
Living expenses
MBA course or specialisation
Alumni network and industry connections
Frequently Asked Questions (FAQs)
1. Which MBA school has the best ROI?
Stanford Graduate School of Business is ranked first in the list of MBA programmes with the highest ROI. Graduates often receive significant salary hikes and benefit from a strong alumni network, resulting in excellent earning potential and opportunities for employment. Its strong emphasis on research, and entrepreneurship increases the financial return on investment for its students.
2. Which MBA pays the most in USA?
Stanford Graduate School of Business offers the highest paying MBA in the United States. Graduates report regular annual salaries exceeding USD 160,000, excluding large bonuses and others. Stanford's emphasis on entrepreneurship, leadership, and innovation, combined with its huge alumni network, considerably increases the earning potential of its graduates with an MBA.
3. What is the ROI on Harvard MBA?
A Harvard MBA has a strong return on investment, with graduates often achieving high-paying positions in top organisations, resulting in significant raises in salaries. The programme has a strong global network, a prestigious reputation, and notable career resources, all of which contribute to a strong long-term financial return on investment.
4. Which MBA degree is best in USA?
Harvard Business School offers one of the best MBA programmes in the United States. Harvard, known for its prestigious reputation, huge alumni network, and strong emphasis on leadership and innovation, provides great employment possibilities and high earning potential to graduates, making it a top choice for prospective business executives.
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Questions related to
Get answers from students and experts
Hi there
Yes you can try to learn various courses that are for approximately 3 months to 6 months in duration.
Yes you can learn before going to us. Learning skills definitively adds some value to the life of a candidate and also improves in getting good recognition in life..
Below i have mentioned some courses that you can try before visiting us:
- Social media marketing
- Content writer
- Content creation
- Video editing
- Photography skills
- Digital marketing
- Stiching
- Makeup artist course
- Hairstyling course.
So these are some courses you can try.
Hope this answer will help you. Revert incase of any query.
Thank you and good luck:)
Anushri Varshney 12 June,2022
Hello Samarasimha,
YES, you can MS in UA after completing Bsc in Statistics. . All you have to do is score good marks in your PG and prepare for GRE. You should also decide upon the country and the university in which you are going to study.
Furthermore, the requirements to pursue MS in USA are as follows :
- 3 to 4 years bachelors degree in relevant field.
- 3.5 or higher GPA, equivalent to 87% in bachelors.
- GRE score of 330 or above.
- Statement of Purpose.
- Research Internships/ Published Research Papers.
- Project work/Seminars.
- 2-3 Letter of Recommendation.
- Social & Leadership Activities.
Further, requirements for Software jobs in USA are as follows :
- Enroll in a software development program. The first step to becoming a software engineer is to enroll in a software development degree program. ...
- Gain internship experience. ...
- Choose your specialty. ...
- Pursue industry certifications. ...
- Continue your education.
I hope that this will help.
Piyush kesarwani 13 May,2022
Dear aspirant hope you are doing well..
To study at foreign universities/abroad in U. S , the admission process will require the candidate to give one language exam and one standardized exam. However, depending on the country, course, college, or university you are applying for you may be exempted from standardized exams. The language test will showcase your English proficiency skills. These exams are required for pursuing almost all courses abroad. Different countries have different language exams such as
- TOEFL exam for getting admission to the universities in the US and Canada. The score of this exam is valid for two years after the declaration of results
- There are plenty of universities abroad where you can apply to do master-level course, MSc in statistics, MSc in Operation Research, and Applied Mathematics, MSc in Mathematical Modeling, etc are some of the Master level Course in Mathematics that are available abroad. Students who have completed their graduation or bachelor's degree in Mathematics can apply for these courses. Foreign universities like Uppsala University, Dublin City University, Oxford Brookes University, University of York, University of Liverpool, etc offer all the above-mentioned courses in mathematics.
Top university of The USA for master degree courses
- John Carroll University
- Missouri University of Science and Technology
- Michigan State University
- West Virginia University
- Rhode Island College
- University of Arkansas
- Vanderbilt University
- DePaul University
- Delaware State University
- Texas A&M University-Commerce
- University of South Florida
- California State University Northridge
You can get the detailed information about the process how to apply for MS in USA. read the given article. Link is given below
https://studyabroad.careers360.com/articles/how-apply-for-ms-in-usa/amp
Hope it's helpful for you..
Thank you
AVINASH KUMAR 23 February,2022
There are many ways to choose your university such as fees, the ranking of the university, which state it is located and scholarships. My suggestion is to choose your research focus and write academic papers. In the US, PhD in Commerce admission into the university depends on what you want to study (your area of research) and your already completed research papers. You can begin your research by searching online for US universities offering PhD in Business Administration. One example is University of California Los Angeles (https://www.anderson.ucla.edu/degrees/phd-program/admissions#app-req) .
Tabitha 08 January,2022
Hello Student
You are aBHM means Bachelor in Hotel Management so after doing BHM,to gain a bright future inthis trade you have to do MSc in Hotel Management,post graduation in Hospitality Management,Master degree in travel and tourism management,or MBA in hotel management,AFter doing post graduation in Hotel management or travel and tourism management will give you the best return in employment opportunity.
Hope this will help.
Sohamsengupta8 13 February,2022
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