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MBA Colleges in USA: Overview, Highlight, Why USA, Type List, Eligibility, Specialization, Cost, Scholarship, Job, Recruiters

Anubha Singh

Updated on 28th November, 2023 , 5 min read

MBA Colleges in USA : Overview

Achieving admission to an MBA college in USA is a realization of a dream for many students. MBA Colleges in USA have become a magnet for ambitious individuals seeking to elevate their careers. Being home to globally renowned business schools offering quality education; the dynamic business environment in the country provides ample networking opportunities and access to an appealing global job market. According to QS ranking, more than 50 MBA Colleges in the USA are a part of the top B- Schools in the world. At the same time, a steady rise has been seen in MBA applications in the US by Indians which can be attributed to the IT sector highlighting it as a strategic investment in one’s future. 

 

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Also Read: Top B schools in the world

MBA Colleges in USA : Highlights

Particulars

Description 

Course Name

MBA

Course Full Form

Master in Business Administration

Duration

1 to 2 years

Admission process

Standardized MBA Exam

Eligibility

UG degree, English Proficiency Exam, GMAT

Course Fee

Up to 70 lakhs per annum

Entrance exam

GMATIELTSTOEFL

Salary

Avg. $115,000 per annum

Top Recruiters

Delloit, Mckinsey & Company, Accenture, Amazon, KPMG, Goldman Sachs

 

Why pursue an MBA degree from the USA?

Despite the higher costs associated with MBA Colleges in USA as compared to Canada, it remains the top choice for many students seeking to study business administration. The United States remain primary perspective for students for several reasons:

The prestige associated with Colleges: The globally recognized reputation of American universities for their cutting-edge curriculum and top-notch education makes earning an MBA degree from the USA highly influential for students' career advancement.

 

Networking opportunities: Networking potential is considered indispensable for achieving excellent career goals. Networking opportunities by industry leaders, alumni, and professionals add a feather to the career trajectory of students. 

 

Diversity in Programmes: MBA colleges in USA have varied programs and specializations, allowing students to tailor their education according to their career goals

Corporate exposure: The USA is the hub of many multinational countries and Fortune 500 firms. Pursuing a degree from an MBA college in USA will give students proximity to get internships and job opportunities in reputed companies. 

Course structure Adaptability: Course structure in MBA colleges in USA is flexible giving a chance to students to explore various subjects and gain well-grounded business experience.

Type of MBA Colleges in USA

There exists a diverse type of MBA in the United States. This includes - Full Time MBA, Part-Time MBA, Online MBA, Executive MBA, Early MBA.

 

MBA Type

Description

Full Time MBA

It is a full time program of 2 years. Students dedicatedly become a part of the academic curriculum of the university

Part Time MBA

Particularly for working professionals. This course allows them to work and pursue a degree simultaneously. 

Online MBA

These courses are entirely online giving students the flexibility of remote learning.

Executive MBA

Geared for professionals and for people of managerial background allowing them to dance their skill for career growth

Early MBA

These are of shorter duration as compared to traditional MBA. Apt for zero work experience graduates.

 

List of MBA Colleges in USA

Pursuing MBA from the United States helps students in career advancement and fast track approach to gain business skills. Mentioned in the tableau is the top MBA colleges in USA

Top MBA Colleges in USA

College Name

Q S Rank 2023

US News (2023-24).

Graduate School of Business at Stanford University

1

6

Harvard Business School

2

5

University of Pennsylvania (Wharton)

3

3

Massachusetts Institute of Technology (Sloan)

4

4

Columbia Business School

5

11

University of California, Berkeley (Haas)

6

11

University of Chicago (Booth)

7

1

UCLA (Anderson)

8

19

Northwestern (Kellogg)

9

2

Yale School of Management

10

8

 

 

Top Executive MBA Colleges in USA
The duration of Executive MBA courses in the United States is 1 year. It is a program to gain expertise in the professional domain as well as acquire leadership roles. Below mentioned are some top Executive MBA colleges in MBA: 

College Name

B- School Rank
(US News)

Executive MBA Rank
(US News)

University of Pennsylvania (Wharton)

3

1

Northwestern University (Kellogg)

2

2

University of Chicago (Booth)

1

3

Columbia Business School

11

4

Duke University (Fuqua)

11

5

New York University (Stern)

10

6

Massachusetts Institute of Technology (Sloan)

4

8

University of California, Berkeley (Haas)

11

9

 

Online MBA Colleges in USA

While offering synchronous learning opportunities, an online MBA allows students to study in their own space. It is preferred by students who want to pursue remote learning due to the flexibility in the online MBA program. Mentioned below in the table is key information regarding Online MBA colleges in USA. 

 

University / College Name

Forbes Rank

GMAT Score

Work experience

Indiana University–Bloomington (Kelley)

 

1

679

10 years

University of Florida (Hough)

 

2

682

6.6 years

Carnegie Mellon University (Tepper)

 

3

687

0.5 years

University of Southern California (Marshall)

 

4

705

11 years

Rochester Institute of Technology (Saunders)

 

5

504

19 years

 

MBA Colleges in USA: Eligibility
A minimum of 16 years of education is required to get admission in the majority of institutes in MBA. although the eligibility criteria vary from institute to institute. Below are the basic requirements one needs to fulfill admission criteria in MBA Colleges in USA. 

  • UG degree from a recognized university 
  • Required GMAT score
  • English Proficiency test - IELTS or TOEFL
  • Work experience of a minimum 2 - 3 years

MBA Colleges in USA: Specializations

There are numerous MBA specializations that MBA Colleges in USA offer to aspiring Business Management students. Specialization will help students linchpin to one course, whirling around it will be other courses. Specialization will cater to aspirational career goals by giving it a direction. 

Marketing

Human Resources Management

Operation Management

Entrepreneurship

International Business

Business Analytics

Supply Chain Management

Leadership

 

MBA Colleges in USA: Cost 

The expense associated with pursuing an MBA in the USA tends to be relatively on the  higher side. Complementing lifestyle and choice of accommodation, living costs may tend to increase and decrease. The average fee of MBA Colleges in USA is around 40 Lakhs.

MBA Colleges in USA: Scholarship

Securing financial assistance for international students pursuing an MBA, especially in the United States is vital . Obtaining a scholarship not only alleviates financial burden but also gives a platform to showcase exceptional accomplishments which can add value to the Resume. However, students with exceptional academic record, relevant work experience, and other achievements may qualify for scholarships. Here are some popular scholarship programs students can apply for pursuing MBA in USA:

 

Scholarship Name

Type 

Amount

Harvard Business School MBA Scholarships

 

Need-Based

$40,000 or 30 lakh INR per year.

The Wharton School MBA Scholarships

 

Need-Based

$15,000 or 12.5 lakh INR 

MIT Sloan School of Management MBA Scholarships

 

Need-Based

$15,000 or 12.5 lakh INR

Columbia Business School MBA Scholarships

 

Need-Based / Merit Based

$20,000 or 16.6 lakh INR

Tuck School of Business MBA Scholarships

 

Need-Based

$10,000 or 8 lakhs INR

MBA Colleges in USA: Jobs

Job opportunities after pursuing an MBA in the United States are diverse, and they often depend on a combination of the graduate's specialization, skills, work experience, and networking abilities. Some common job opportunities include:

 

  • Management Consultant: MBA graduates are involved in strategy, operations, or organizational management to help businesses enhance efficiency and overall result.
  • Business Development Manager: Creating alliances and expanding a company's market reach.
  • Financial Analyst/Manager: MBA Graduates analyze data and manage investment
  • Human Resources Manager: Handling Recruitment, talent acquisition, and employee relations.
  • Marketing Manager: they develop and execute strategies to promote products/services, manage branding, and analyze market trends.

MBA Colleges in USA: Recruiters
Top recruiters that hire MBA graduates from Canadian universities are given in the tableau below:

Apple

Accenture

JPMorgan Chase & Co

Google

Walmart

Deloitte

IBM 

Goldman sachs

Frequently Asked Questions

Are MBA colleges in USA worthy of pursuing the course?

Yes. The USA reigns in the business world. With MBA colleges in USA ranking in the top 50. The prestigious institute gives a trajectory growth in the endeavors of student career.

Are MBA colleges in USA affordable ?

MBA courses in the USA are expensive for both national and international students. However there are few universities which offer cheap MBA courses.

How can I get admission in MBA colleges in USA?

Although admission requirements vary from institution to institution. Some basic requirements include GMAT/ GRE scores, Scores of English Proficiency Test - IELTS, TOEFL, PTE. A work experience for more than 2 years, SOP, LOR, Academic scores, Essays etc.

What are the job opportunities after pursuing a degree from MBA Colleges in USA ?

USA is a hub of various multinational companies and fortune 500 firms. The average salary of an MBA Graduate in USA is around $115,000. Since MBA students have a global exposure, they can expect excellent placement offers.

What is the basic salary of an MBA graduate from an American University ?

MBA graduates are always in demand. USA being the hub of Business industry recruits students with an average salary of $115,000 per annum.

Do Indians get jobs after completing a degree from an MBA college in USA?

Yes, business administration graduates do secure a high-paying job in the US. Indian students willing to work in the USA after completing their MBA need to apply for an H-1B visa which is valid for up to 6 years

Which type of MBA has the highest salary in USA?

MBA finance and accounting graduates secure handsome salaries in the business industry of the USA.

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