Study in USA for MBA: Why the US is the Best Place to Get Your MBA

The United States is the most popular destination for international students pursuing an MBA degree. There are many reasons why the US is such a popular destination for MBA studies. Here are just a few:

• World-class business schools: The US is home to some of the top-ranked business schools in the world, including Harvard Business School, Stanford Graduate School of Business, and the Wharton School of the University of Pennsylvania. These schools offer rigorous academics, experienced faculty, and strong alumni networks.
• Diverse student body: US MBA programs attract students from all over the world, creating a diverse and enriching learning environment. This exposure to different cultures and perspectives can be a valuable asset in the global business world.
• Strong job market: The job market for MBA graduates in the US is strong and thriving. The US is home to many of the top businesses in the world, and these businesses aggressively seek employees from there.
• Substantial pay: US-based MBA graduates frequently earn substantial salaries. The typical starting income for a US MBA graduate is above $115,000, according to the GMAC.
• In addition to these benefits, the US also gives international students a number of other benefits, including a flexible system for student visas and a range of financial aid possibilities.

The US is a fantastic choice to think about if you’re thinking about getting your MBA. The US offers everything you need to start a successful business career, including world-class business schools, a varied student body, a robust job market, and high salaries.

Study in USA for MBA: Top MBA Schools in the USA with Rankings, Tuition Fees, Average Salary, and Average Living Cost

The United States is home to some of the top-ranked MBA schools in the world. Here is a table of the top 10 MBA schools in the USA, according to the U.S. News & World Report 2023-2024 Best Business Schools ranking, along with their tuition fees, average salary, and average living cost:

Please note that these are just the top 10 MBA schools in the USA, and there are many other excellent programs available. When choosing an MBA program, it is important to consider your individual needs and goals, such as your desired specialization, career goals, and budget.

In addition to these top ranking business schools there are more affordable and popular MBA schools mentioned below along with their ranks.

Top 10 Popular and Affordable MBA Schools in the USA

Study in the USA for MBA: Popular MBA Courses

International students seeking an MBA degree frequently choose to study in the United States. Since there are many different specialties available in US MBA schools, students can customize their education to fit their professional aspirations.

Here are some of the most popular MBA programs offered in the USA:

• General Management: This broad specialization includes every facet of business, from accounting and operations to marketing and finance.
• Finance: The financial markets and investments are the center of this specialization. Students gain knowledge of financial data analysis, investment choices, and risk management.
• Marketing: The creation and execution of marketing strategies are the emphasis of this specialization. Students gain knowledge of market segmentation and targeting, product and service development, pricing, and marketing.
• Accounting: Financial accounting and reporting are the primary focus of this specialization. Students gain knowledge about how to manage taxes, analyze financial data, and generate financial statements.
• Operations Management: The design and implementation of effective and efficient business processes are the main topics of this specialization. Management of supply chains, production, and inventories is taught to students.

Study in USA for MBA: Eligibility Criteria

The eligibility criteria for MBA programs in the USA vary from school to school, but there are some general requirements that most schools follow.

To be eligible for an MBA program in the USA, you will typically need to have:

• A four-year bachelor’s degree from an approved university, while some even accept three-year bachelor’s degrees from India; see the list below for more information.
• A solid academic record with a minimum GPA of 3.0.
• GMAT or GRE scores that compete.
• Evidence of English language proficiency, such as an IELTS or TOEFL score.
• Work experience of at least two years (certain colleges may exempt students from this requirement).

Some schools could also ask applicants to submit extra materials, like letters of recommendation, a statement of purpose, and/or essays on particular subjects, in addition to these general criteria.

List of Universities in the USA Accepting 3 years Bachelors degree from India

Here is a list of US universities accepting 3-years bachelor’s degrees for admission to master’s courses:

• Cornell University
• University of California,Berkley
• John Hopkins University
• University of Pennsylvania
• Syracuse UNiversity
• University of Virginia
• Cornell University
• Massachusetts Institute of Technology
• Columbia University
• University of Chaicago
• Yale University
• Harvard University
• New York University
• Stanford University
• Northwestern University
• Princeton University

MBA intakes in the USA

Intakes for MBA programs normally take place in the USA in the autumn (September) and spring (January). The application deadline for programs with September intake usually falls in January, while the deadline for programs with January intake usually falls in September.

You must submit your application documents by the deadline in order to be considered for an MBA intake in the USA. It’s crucial to remember that some colleges may have earlier deadlines for students from other countries.

Study in USA for MBA: Documents Required

Although the documentation needed for MBA programs in the USA varies from school to school, there are some common standards that the majority of schools follow.Here is a list of the most common documents required for MBA applications in the USA:

• Completed application form
• Official transcripts from all undergraduate and graduate institutions attended
• GMAT or GRE scores
• Proof of English proficiency, such as a TOEFL or IELTS score
• Statement of purpose
• Letters of recommendation
• Resume
• Passport

In addition to these general requirements, some schools may also require applicants to submit additional materials, such as essays on specific topics, portfolios of work, or interviews.

Study in USA for MBA with Scholarships for Indian Students

Although the United States has some of the best MBA schools in the world, many students, particularly those from other countries, find the expense of tuition to be prohibitive. Thankfully, there are several scholarships available to aid Indian students in paying for their MBA studies in the United States.

Some of the most well-known MBA scholarships for Indian students in the USA are listed below:

• Nehru-Fulbright Award Master’s Fellowship: Indian students are eligible to get this fellowship to study at a US university for a master’s degree in any discipline. The scholarship pays for living expenses, travel costs, tuition, and other costs.
• Tata Scholarship: Indian students might receive this scholarship to study business administration at a US university. Tuition and expenses are covered by the scholarship.
• The INSEAD-Ambani Family Scholarship is given to Indian students who wish to study for an MBA at the prestigious institution, which has campuses in France, Singapore, and Abu Dhabi. Tuition and expenses are covered by the scholarship.
• Sad Foundation Scholarship: Indian students who wish to study for an MBA at Sad Business School, a division of the University of Oxford, are eligible for this scholarship. Tuition and expenses are covered by the scholarship.
• Stanford Reliance Dhirubhai Fellowship: Indian students are eligible for this scholarship to attend Stanford Graduate School of Business to study an MBA. Tuition and expenses are covered by the scholarship.

Indian students seeking an MBA in the USA have access to a variety of different scholarships in addition to these. You might start by browsing the websites of the MBA programs you are interested in, as well as online scholarship directories and databases.

Study in USA for MBA: Career Prospects for Indian MBA Graduates

Employers all around the world are in strong demand for Indian MBA graduates from the USA. This is due to the fact that top-ranked US MBA programs provide students with the chance to study under distinguished professors and obtain practical experience through internships and networking opportunities.

Some of the best career options for Indian MBA graduates from the USA are listed below:

• Management Consulting: Companies like McKinsey & Company, BCG, and Bain & Company are very interested in hiring Indian MBA grads. Indian MBA graduates can use their expertise and abilities to assist these clients in solving challenging business problems because these organizations offer consulting services to a wide spectrum of clients.
• Investment Banking: Companies like Goldman Sachs, JPMorgan Chase, and Citigroup are in strong demand for Indian MBA graduates. These companies offer financial services to businesses and governments, and Indian MBA graduates can use their expertise to support these companies in raising cash and carrying out financial operations.
• Commercial Banking: Employers including Bank of America, Wells Fargo, and Chase are hiring Indian MBA graduates for positions in commercial banking. These companies offer financial services to individuals and businesses, and Indian MBA graduates can use their expertise to assist these companies in managing risk and making loans to clients.
• Technology: Organizations like Google, Microsoft, and Amazon are in great need of Indian MBA grads. These businesses provide a wide range of goods and services, and Indian MBA graduates can utilize their expertise to assist these businesses with product development and marketing, operations management, and strategic decision-making.
• Entrepreneurship: MBA graduates from India are also qualified to launch their own companies. Students that enroll in US MBA programs graduate with the abilities and knowledge required to create business plans, secure funding, and run organizations.

Indian MBA graduates from the USA can also work in a range of other industries, including marketing, sales, finance, accounting, and human resources, in addition to these excellent career opportunities.

Study in USA for MBA: Work Permit After Graduation

Optional Practical Training (OPT), a 12-month period of work permission in the US, is available to international students who complete an accredited MBA school in the country. Students may work in any field associated with their academic degree under OPT.

Students must submit an application to US Citizenship and Immigration Services (USCIS) and pay an application fee in order to be considered for OPT. Additionally, a work offer from a company ready to sponsor the student for OPT is required.

An Employment Authorization Document (EAD) will be given to the student after their OPT application is approved. They will be able to work for a maximum of 12 months in the US using this document.

Graduates of MBA programs with a STEM designation are qualified for an additional 24 months of OPT, giving them a total of 36 months of work permission in the US.

Students may be eligible to apply for an H-1B visa, a work visa that allows talented individuals to work in the US for up to six years, after finishing their OPT. The H-1B visa does have an annual cap, though, and there are often more applications than there are visas, on average.

Students who are unable to acquire an H-1B visa may be able to apply for alternative work visas, such as the L-1 visa for employees of multinational corporations or the O-1 visa for people with remarkable talent.

Students who want to work in the US after finishing an MBA degree should start making plans as soon as possible. They should learn about the various work visa categories and their respective eligibility conditions. Along with networking with possible employers, they want to start honing their job-hunting abilities.