The United States of America is considered one of the best countries for studying medicine, engineering, and management. Here, you see some of the best MBA colleges in the USA for Indian students. Bespoke education, quality training, international recognition, and global career prospects set the MBA in USA For Indian Students as the best choice for many.
In the academic year 2022–2023, almost 268,923 students from India only studied in the USA, which was a record high. This was a 35% growth from the previous year. A large pool of students studying business management, marketing, MBA, and other management in various colleges and Universities in the USA.
MBA in the USA for Indian students: A Prelude
Degree Offered – Master of Business Administration
Duration of the Program – 2 years
Types of MBA in the USA for Indian Students
- Full-time: Students attend classes full-time (academic and industry internship)
- Part-time: Students attend classes part-time, such as once a week (internship on option)
- Online: Students take classes online (no industry visit)
- Accelerated: Students complete the program in 1 year
- Intensive: Students spend a lot of time in class, such as up to 4 hours a day
Top Universities Offer MBA in the USA for Indian Students
B-Schools | World Rank | Avg. Fees PY | Acceptance Rate | Avg. GMAT Score |
University of Michigan | 26 | 67,114 | 20% | 722 |
New York University | 19 | 84,180 | 12% | 729 |
University of Southern California | 21 | 74,730 | 28% | 716 |
Rice University | 29 | 53,776 | 39% | 670 |
University of North Carolina | 35 | 31,344 | 41% | 674 |
Indiana University | 43 | 40,008 | 27% | 630 |
University of Washington | 32 | 53,776 | 36% | 700 |
The Total Cost of an MBA in the USA for Indian Students
The total cost of an MBS in the USA for Indian students varies across business schools. Normally, the tuition fees range between USD 45,000 and USD 77,000 per year. Also, the tuition fees for top business schools/universities, like MIT or Harvard Business School can exceed USD 80,000 per year. Also, the tuition fees for top-10 business schools in the United States can cost over USD 100,000 per year.
Cost of living in the USA for Indian Students
The cost of living in the United States can add substantial costs, particularly in urban areas or high-cost regions. Normally, the cost of living can be between USD 8,000 and USD 10,000 per month.
Eligibility for an MBA in the USA for Indian Students
MBA in USA For Indian Students must meet certain admission requirements or criteria, including:
- A bachelor’s degree or UG from a recognized university with 60% or above
- A score on the TOEFL, PTE, or IELTS, test
- A score on the Graduate Management Admission Test or the Graduate Record Examination
- Some work experience, depending on the program (not always compulsory)
- Transcripts from all educational institutions attended previously
- A written statement of purpose describing career goals and reasons for pursuing an MBA in the USA for Indian students
- Letters from professors, academicians, or working professionals
- A current CV or resume
Scholarship for an MBA in the USA for Indian students
MBA students can avail of the scholarships or financial aid. This helps reduce their cost of study and living in the country. Here are the top five scholarships for an MBA in the USA for Indian students.
Name of the Scholarships | Amount Offered | Description |
Fulbright-Nehru Master’s Fellowship | Total tuition fees and living expenses | Covers all major expenses |
Tata Scholarship for Cornell University | Total tuition fees | Specifically for Indian students at Cornell University |
Stanford Reliance Dhirubhai Fellowship | 50% of the tuition fees | Covers all major expenses, including accommodation |
JN Tata Endowment for Higher Education | USD 150,000 | Provides financial aid for higher education, including MBA |
Akhtar Ali H. Tobaccowala Fellowship (Chicago Booth) | USD 100,000 | For Indian students pursuing an MBA |
Endnote
MBA in the USA for Indian students is considered the best among many management aspirants. Here, in this post, we have discussed important things for students who plan to study MBA abroad, especially in the USA. This could be a handy guide to help students choose the best business schools according to their budget and career goals.