MBA in USA – Top Universities, Eligibility, Fees, Scholarship
With top business schools like Stanford Graduate School of Business and the availability of various programs, the USA is considered one of the best countries for an MBA. This popular destination provides students with international exposure to business practices and leadership development. An MBA from a top U.S. school that is globally recognized can provide exciting career opportunities and many graduates go on to hold leadership positions in leading global companies. Also, the curriculum offered by these programs not only focuses on theoretical knowledge but also applies day-to-day experience with internships, case studies, or industry projects. This blend prepares students with the necessary skills of problem-solving, management, and analytical skills to survive in the business world. In the U.S., MBA programs have a great variety of possible specializations as well, allowing students to shape their studies to meet their aspirations.
Why Study MBA from the USA
- 5 of the top 10 business schools offering MBA programs ranked in the QS Global MBA Rankings 2025 are located in the USA.
- Business schools in the USA have an extensive and supportive alumni network to help students.
- Business schools have an industry-focused curriculum for practical preparation to meet real-world workplace requirements.
- Graduating from US Business Schools like Stanford or Wharton assures a high employability rate post-MBA completion.
- Many international businesses and organizations partner with Business Schools in the USA to offer internships to MBA students.
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Eligibility to Study MBA in USA
- A bachelor’s degree or equivalent
- Work experience (typically 2-5 years)
- GMAT or GRE scores
- English language proficiency (TOEFL/IELTS)
- Strong letters of recommendation
- Statement of Purpose (SOP) or essays
Documents Required to Study MBA in the USA
- Completed application form
- Academic transcripts
- GMAT/GRE score report
- English proficiency test scores (TOEFL/IELTS)
- Letters of recommendation
- Resume or CV
- Statement of Purpose (SOP)
- Passport copy
- Financial documents for proof of funds
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Intake to Study MBA in the USA
| Semester | Months |
| Fall | August/September |
| Spring | January/February |
| Summer | May/June |
Fees to Study MBA in the USA
| University | Tuition per year |
| Harvard Business School | $76,410 |
| Stanford Graduate School of Business | $82,455 |
| Wharton School, University of Pennsylvania | $84,830 |
| MIT Sloan School of Management | $86,550 |
| Columbia Business School | $88,300 |
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Cost of Living in the USA
The cost of living in the USA while completing your MBA can vary depending on where you live and study. Here is an estimate provided by the Harvard Business School.
| Component | Cost (per month) |
| Accommodation | $1,920 |
| Travel | $253 |
| Food | $680 |
| Personal Expenses | $924 |
| Health Insurance | $4,202 (per year) |
Study Visa Cost for USA
Component | Cost |
Student Visa Application Fee | $185 |
SEVIS Fee | $350 |
Visa Biometrics Fee | $85 |
Top 10 Universities to Study MBA in the USA
| Name of University | QS Ranking | Fees | |
| Stanford Graduate School of Business | #1 | $82,455 | |
| Wharton School, University of Pennsylvania | #2 | $84,830 | |
| Harvard Business School | #3 | $76,410 | |
| MIT Sloan School of Management | #4 | $86,550 | |
| Columbia Business School | #8 | $88,300 | |
| The Kellogg School of Management, Northwestern University | #11 | $115,936 | |
| Haas School of Business – University of California, Berkeley | #13 | $85,406 | |
| UCLA Anderson School of Management | #14 | $78,268 | |
| The University of Chicago Booth School of Business | #15 | $84,198 | |
| Yale School of Management | #16 | $84,900 |
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Scholarships to Study MBA in USA
| Scholarship | Granted by | Eligibility Criteria | Amount |
| Fulbright Program | U.S. Government | Academic merit and leadership | Full tuition and living expenses |
| Stanford Reliance Dhirubhai Fellowship | Stanford University | Indian students with demonstrated need | Covers tuition fees |
| Forte Foundation Scholarship | Various top MBA schools | Women pursuing MBA | $10,000 – $25,000 |
| Harvard MBA Scholarships | Harvard MBA Scholarships | Financial need | Variable based on need |
Student Visa to Study MBA in the USA
- Apply for an F-1 student visa through the U.S. embassy or consulate.
- Provide proof of acceptance from a U.S. educational institution.
- Demonstrate sufficient financial resources for tuition and living expenses.
- Complete the DS-160 form and pay the visa fee and SEVIS fee.
- Attend an in-person interview at the U.S. consulate.
- Complete the biometric verification on the allotted date.
- Await your visa approval.
Popular MBA Specializations for USA
| Specialization | Offered by | Admission Requirements | Fees |
| Finance | Wharton, Chicago Booth | GMAT, work experience | ~$80,000 – $90,000 per year |
| Marketing | Northwestern Kellogg, UCLA Anderson | GMAT, strong SOP | ~$78,00 – $116,000 per year |
| Entrepreneurship | Stanford GSB, Harvard | Work experience, innovative mindset | ~$76,000 – $80,000 per year |
| Technology Management | MIT Sloan, UC Berkeley Haas | Technical background preferred | ~$80,000 – $90,000 per year |
Jobs after MBA in the USA
Graduating with an MBA from a U.S. institution opens doors to high-demand positions in various industries, such as finance, consulting, technology, and healthcare. MBA graduates often secure roles that emphasize leadership, strategic thinking, and analytical capabilities. The average salary for MBA holders typically ranges from $100,000 to $150,000 per year, depending on the industry and job location.
- Management Consultant: ~$120,000/year
- Investment Banker: ~$130,000/year
- Business Development Manager: ~$105,000/year
- Marketing Manager: ~$110,000/year
- Financial Analyst: ~$100,000/year
Conclusion
Pursuing an MBA in the USA is a significant investment that offers unmatched benefits, including top-quality education, extensive professional networks, and high earning potential. With a wide range of specializations and opportunities for growth, it remains a popular choice for aspiring business leaders worldwide.
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FAQs to Study MBA in Canada
The average cost ranges from $70,000 to $120,000 per year depending on the university.
Most top programs require 2-5 years of work experience.
Yes, numerous scholarships, such as the Fulbright Program and university-specific awards, are available.
Yes, international students on an F-1 visa can work part-time on-campus and may qualify for internships.
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