MBA In USA - Introduction
The USA is one of the most popular places for students to study MBAs, the place is filled with opportunities for international students, and there are 500+ colleges for international students to choose from, half of the universities are government-funded and the others are privately owned universities. The USA has the world’s top-rated universities which provide a-class education and the market is also huge, so there are ample opportunities for everyone.
The universities provide practical experiences with industry professionals, through projects, and assignments. More than 1.5 lakh Indian students go to the USA annually. Students also get global opportunities and they can build their career from anywhere in the world as the degree is recognized worldwide.The USA is a country with diverse people and cultures, students can find their community easily, and the country offers more than just education, students are allowed to work while pursuing their courses and there are ample opportunities for part-time jobs. The quality education, at a reasonable price, along with all the other benefits is the ultimate reason for choosing the country for the study.
Benefits of Studying MBA in USA
Here are some reasons to choose an MBA in the USA:
- The USA is one of the top choices for students.
- The universities are top-rated.
- Students get to have career opportunities from all over the world.
- The universities have very well-advanced infrastructure.
- The classrooms are well-equipped with the latest technologies.
- Students get experience from real projects with industry professionals.
- Students are offered internships directly from top companies.
- Students get a global exposure for their career.
- Students are allowed to work part-time with their studies.
- The universities are among the top 100 universities ranked globally.
- Top-quality education is provided to the students.
- Though the cost of the study is high students can get scholarships from the universities.
- The country is diverse in culture so students get a multicultural environment to work in.
- Students get direct access to the industry and get guidance from professionals.
- Students are allowed to work part-time.
- Students can easily find their community.
- The salary package after completing the course is high.
MBA In USA Vs MBA In India
| MBA In USA | MBA In INDIA |
|---|---|
| The country offers top-rated colleges. | There are only a few top-rated colleges. |
| Students get global exposure in their careers. | Students don’t get much global exposure. |
| Students are allowed to work part-time, and there are ample work opportunities for them. | There are not many opportunities to work part-time. |
| Students are offered guidance directly from industry professionals. | There are fewer chances to connect with industry professionals. |
| Students get a high salary package after completing the course. | The salary package is less than in the USA. |
| Students are offered scholarships from almost every university. | A few universities provide scholarships. |
| Students get a multicultural work environment. | Students get a multicultural work environment. |
Documents Required to Study MBA in USA
Here are some important documents the student must have:-
- The students must have a certificate of previous academic degrees.
- Students must have the scorecard of the GRE or GMAT exam.
- Your declaration as a Genuine Temporary Entrant (GTE).
- Proof of prior work experience is a must.
- The student must submit a statement of purpose.
- At least two recommendation letters are needed.
- The student must have a visa and a passport.
- Proof of financial funds is needed.
Minimum Eligibility to Study MBA in USA
The followings are some of the minimum eligibility criteria if you bare planning to study MBA in USA
- Students must have 16 years of education, including 4 years of Bachelor’s degree.
- The student must pass the English proficiency test like IELTS, TOEFL, etc.
- The student must pass the GMAT or GRE.
- Students must have 2 to 3 years of work experience. (some of the colleges allow students with no work experience )
Admission Process to Study MBA in USA
Here is a step-by-step process of admission process and studying MBA in USA –
Step 1 – Initial Research and College/University Shortlisting
Do a lot of study on universities before you start your educational journey. Shortlist schools based on the programs they offer, where they are located, their ranks, and your budget. Check out the different cultural activities that each university offers to find the best fit for your goals.
Step 2 – Selecting the desired course.
Once you have a list of possible universities, look into their academic programs. Look at the various courses, programs, and specializations. You should think about your interests and career goals to find a school that fits your needs and will give you a good education.
Step 3 – Appear in required exams (IELTS/TOEFL/PTE/GMAT/GRE)
Get ready for and take graded tests like the GMAT or GRE to show that you know how to use English well and the IELTS, TOEFL, or PTE to show that you understand the material. Getting the minimum scores is important to show that you are ready for school and can use language skills.
Step 4 – Go to the college/university website to check the admission process
Check out the admissions processes at the universities you’ve chosen by going to their official websites. Find out when the application deadlines are, what documents are needed, and what the exact requirements are for entry. This step makes sure that you are ready to meet the standards of the university.
Step 5 – Interview by the college/university
Some colleges may need talks as a part of the process for getting in. Get ready for these interviews by showing how much you care about the subject you want to study, outlining your goals, and highlighting the things that make you special. Interviews allow you to show how excited you are about the school and how well you fit it.
Step 6 – Apply for a Visa
It’s time to apply for a student visa once you get an acceptance letter from the school you want to attend. Get through the visa application process by bringing the right paperwork, like your acceptance letter, proof of money, and a fully filled-out visa application form. Pay attention to what the embassy tells you to do.
Step 7 – Final arrangements (Flight, health check-ups, accommodation, etc.)
As you get ready to go to, make sure everything is ready for a smooth transfer. Book your flight and any necessary medical appointments or shots well in advance. Also, ensure you have a place to stay, either on or off campus. Pay close attention to things like what to pack, how to swap money, and pre-departure orientation to make sure everything goes smoothly.
Food And Accommodation Facility For Indian Students in USA
Universities in USA provide the following food and accommodation facilities for Indian students –
- Universities provide on-campus and off-campus student housing options with various amenities.
- Major cities have numerous Indian restaurants and grocery stores, providing familiar food items and spices. Restaurants and supermarkets also offer a variety of vegetarian and vegan products to suit dietary preferences.
- Rental properties are available, allowing Indian students to choose accommodation based on their preferences and budget. These accommodations often come with security features, ensuring the safety of Indian students.
- Most of the accommodations include utilities such as electricity, water, and internet in the rental costs.
- Educational institutions often have on-campus dining facilities with diverse food options, including Indian cuisine.
- Student accommodations often have common areas and recreational spaces, fostering a sense of community among Indian students.
- Accommodation providers often have 24/7 assistance services for any emergency or support required by Indian students.
Cost Of Study MBA In USA
- Studying MBA in the USA can cost around 60 lakhs - 70 lakhs per year.
Top MBA Universities in USA
1. Stanford University
Location: the university is located in California.
Total fee: the fee for the 1st year is around 75 lakhs.
Duration: the course is two years long.
Eligibility: the student must score 730 in the GMAT exam and must score 100 in the TOEFL exam.
2. Massachusetts Institute of Technology
Location: The university is located in Massachusetts.
Total fee: the fee for the course is 73 lakhs per year.
Duration: the course duration is two years.
Eligibility: the student must score 310 in the GRE, and must score 90 in the TOEFL exam.
3. University of California, Berkeley
Location: the university is located in California.
Total fee: the fee for the course is 68 lakhs per year.
Duration: the whole course duration is 2 years.
Eligibility: the students must score 730 in the GMAT exam and must score 7.0 in the IELTS exam.
4. Yale University, Haven
Location: the university is located in Connecticut.
Total fee: the fee for the course is 70 lakhs annually.
Duration: the course is 2 years long.
Eligibility: the student must score a 330 on the GRE.
5. University of Chicago
Location: the university is located in Illinois.
Total fee: the fee for the course is 65 lakhs annually.
Duration: the course duration is 2 years.
Eligibility: the student must score a 135 in the Duolingo exam, and must score 104 in the TOEFL exam.
Frequently Asked Question(s)
Which is the best country to do an MBA?
The best country to pursue an MBA depends on various factors including program quality, reputation of institutions, networking opportunities, post-graduation employment prospects, and personal preferences. Countries like the United States, United Kingdom, Canada, France, and Singapore are often considered top destinations for MBA programs due to their prestigious business schools, diverse student populations, and strong ties to global industries. Each country offers unique advantages such as access to specific industries, cultural exposure, and potential for immigration or work opportunities post-graduation. Ultimately, the best country for an MBA varies depending on individual career goals and preferences. You can find which country suits you best by reading about them on our website.
Is it worth doing an MBA abroad?
Pursuing an MBA abroad can be a worthwhile investment for many aspiring business professionals. An international MBA offers opportunities for global networking, exposure to diverse business environments, and access to specialized expertise not always available domestically. Studying abroad also give the students cultural competency and provides a broader perspective on global business practices, which can be invaluable in today's interconnected world. However, it's essential to carefully consider factors such as program reputation, return on investment, and personal career aspirations before committing to an MBA abroad. If you want to know about the benefits of studying MBA in a particular country or how does it compare to India, you can check it on our website.
How much money do you need to study MBA abroad?
The cost of studying for an MBA abroad varies significantly depending on factors such as the country of study, the reputation of the institution, program duration, and living expenses. Generally, MBA programs in countries like the United States and the United Kingdom tend to be more expensive compared to other countries like Canada, Australia, or European countries. Tuition fees for MBA programs abroad can range from $20,000 to over $100,000 per year, with additional expenses for accommodation, travel, and personal expenses. Prospective students need to budget carefully and explore scholarship opportunities, financial aid, and part-time work options to finance their MBA education abroad effectively.
What Consultant is best for study abroad?
Edunom is the best consultant to study abroad. Edunom has a competent a team of seasoned consultants with extensive experience in guiding students through the complex process of MBA admissions abroad. Our consultants possess in-depth knowledge of various MBA programs, institutions, and admission requirements, enabling them to provide personalized guidance tailored to each student's unique needs and aspirations. We offer comprehensive support at every stage of the MBA application process, from initial research and shortlisting of suitable programs to application preparation, essay editing, interview coaching, and visa assistance. Our goal is to alleviate the stress and uncertainty associated with the application process, empowering students to present their best selves to admissions committees.
How can I go abroad for an MBA?
To pursue an MBA abroad, start by researching reputable business schools and their programs, ensuring they align with your career goals. Meet the admission requirements, which typically include academic transcripts, standardized test scores like the GMAT or GRE, letters of recommendation, essays, and a resume. Gain relevant work experience beforehand, as many programs prefer candidates with professional backgrounds. Secure financing through scholarships, grants, loans, or personal savings, and submit your applications well before deadlines. If accepted, obtain a student visa for your chosen country and make arrangements for accommodation and travel. Embrace the opportunity for personal and professional growth, immerse yourself in the academic and cultural experiences, and build a global network. With careful planning and determination, pursuing an MBA abroad can be a rewarding and enriching experience.