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MBA in USA for Indian Students: Fee, Scholarships How to Apply

There are many types of MBA in USA for Indian students. Which fits you the best? What are the highest paying jobs in the US after MBA? This blog will answer all of the above questions.

This year, the world saw a sharp surge in MBA aspirants from India. Students from India are pursuing an MBA, aware of the bright future it holds ahead. However, do you know about the best MBA specialization? Which MBA in USA for Indian students will be better? Worry not! This blog covers the answers to all your doubts regarding an MBA in the USA. Moreover, it discusses ways to skip the GMAT and enter the best MBA college in USA.
In addition, it covers the process of application and eligibility criteria. To enter an MBA college is not easy. Correct and reliable details from official websites are vital. Read more to learn about the details.

What Are the Benefits of Pursuing an MBA in USA?

There are several positives to doing an MBA in USA for Indian students. Take a look at the list below to learn about the benefits of studying MBA in the USA:

  1. Higher Salary
  2. More Career Prospects
  3.  Better Job Opportunities
  4.  Easy and Wide Networking

Let us take a look at these points in detail now.

Higher Salary

  • The per capita income of the US is way more than other countries.
  • Moreover, the number of big companies is higher in the USA. All big companies reside in the US.
  • Furthermore, the difference is vast. There is a variation between the skills of a USA graduate and any other graduate.
  • Lastly, the cost of MBA in USA and living there is higher. Thus, people in America get paid way more than in India.

 Manage the cost of living in the US with financial experts at Gradding.com

Housing: $9,800 - $11,100 per year
Stationary: 900-2000$ per year
Food: Off-Campus: $400 - $600 per month
On-Campus: $250 per month
Health Insurance: 700-1100$ per year
Transport: 300-700$ per year
Water and Sewer: 50-70$ per month
Internet: $45 - $50 per month

More Career Prospects

  • In the United States of America, the career options are increasing. It creates space for a more diverse and talent-seeking workplace.
  • Secondly, it also ensures the growth in the number of job openings in a firm.
  • Thirdly, jobs in USA are competitive. Healthy competition motivates you to become better and better.

Better Job Opportunities

  • Firstly, several job profiles in the USA are not there in India. Thus, students get more options in skills to excel in.
  • Secondly, the labor laws of countries like the US ensure job security.
  • Lastly, the system there protects workers from exploitation.

Easy and Wide Networking

  • Firstly, there is a wide diversity at USA colleges for MBA. People from all around the world come together to learn.
  • Furthermore, the scholars have access to the finest experience on campus. They interact and learn together.
  • Lastly, the curriculum in the USA encourages learners to socialize with each other. Especially with marketing specialization.

These were a few perks of studying MBA in USA for Indian students. Now, let us look at the types of MBA courses in America.

Types of MBA Courses in USA and Their Cost?

The list below mentions 6 types of MBA courses in USA on the basis of specialization:

  1. Management
  2. Marketing
  3. Consulting
  4. HR Management
  5. Finance
  6. Technology Management

These are a few of the many types of MBA that are famous in the US. These are also some of the highest-paying courses in MBA in the USA. Each of them is in the pointers below:

Management

Firstly, it is one of the most opted courses in MBA in the USA. You can get manager posts at public and private institutes after completing this course. This program includes Project Management, Business Analytics, Economics for Managers, Organizational Behaviour, etc.

Marketing

Secondly, students can pursue marketing if they know how to reach people. Moreover, this course requires skills like strong presentation and communication. Branding, Advertising, and Product Management are all a part of marketing.

Consulting

Thirdly, discussing Business Strategies and Negotiating Business Dynamics might interest you. If this is the case then, going for a Consulting specialization is the best choice. Consulters are patient and good listeners who use this ability to understand the problem well.

HR Management

Furthermore, this program is one of the most popular MBA course types among students. If a scholar is thinking of excelling in Managerial Finance or Business Administration. This can be the best course for them.

Finance

Do you enjoy statistics and numbers along with Business Administration? Then, this course is for you. Moreover, it has an ample amount of job opportunities for students. It includes Corporate Budgeting, Fund Management and Analysis, and Financial Advisory.

Technology Management

Lastly, if you want to get into the IT sector, this course can help you. You will get assigned the job of building and managing strategies on how IT can add to the company. In addition, you will have to stay updated with the latest software and hardware. These new tech help the company function better.
These are a few courses that can help you land great jobs in US after MBA. The table below shows the cost of types of MBA in USA for Indian students:

TYPE OF MBA COURSE AVG. TUITION FEE PER YEAR
Management $45,000-$77,000
(37,29,865 INR - 63,82,214 INR)
Marketing $40,000-$55,000
(33,15,436 INR - 45,58,724 INR)
Consulting $30,000-$1,00,000
(24,86,577 INR - 82,88,590 INR)
HR Management $35,000
(29,01,006 INR)
Finance $74,910-$87,370
(62,08,982 INR - 72,41,741 INR)
Technology Management $22,644-$49,913
(18,76,868 INR - 41,37,083 INR)

There is also types of MBA on the basis of Duration:

  1. Two-Year Full-Time MBA
  2. One-Year Full-Time MBA
  3. Part Time MBA
  4. Online MBA
  5. International/Global MBA
  6. Executive MBA

Types of MBA in USA | Gradding.com

Now, let us look at the next section which will discuss some of the highest paying jobs after MBA in USA. Also, you can find the average annual salary for each of them in the section below.

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High Paying Jobs After MBA in the USA

Indeed, MBA has a lot of scope in the US. Are you aware of the most well paying jobs after an MBA in the USA? Check the list below to know the same:Risk Manager

  1. Real Estate Manager
  2. Business Development Manager
  3. Disaster Management
  4. Marketing Manager
  5. Market Research Director
  6. Director of Sales
  7. Employee Relations Manager
  8. HR Manager
  9. Management Consultant
  10. Financial Advisor
  11. Accounting Manager
  12. Supply Chain Analyst
  13. Business Intelligence Analyst
  14. Information System Manager
  15. Project Engineer

This is the list of jobs in USA after MBA. Now, read the table below to learn more about these jobs and their average annual salary. It might motivate you to apply for a good MBA university in USA. 

JOBS ANNUAL SALARY
Risk Manager $1,29,448
(1,07,29,413 INR)
Real Estate Manager $70194
(58,18,092 INR)
Business Development Manager $1,29,488
(1,07,32,729 INR)
Disaster Management $75,747
(62,78,358 INR)
Marketing Manager $64,850
(53,75,150 INR)
Market Research Director $79,000
(65,47,986 INR)
Director of Sales $90,950
(75,38,472 INR)
Employee Relations Manager $75,400
(62,49,596 INR)
HR Manager $66,900
(55,45,066 INR)
Management Consultant $87,200(72,27,650 INR)
Financial Advisor $58,000
(48,07,382 INR)
Accounting Manager     $71,200
(59,01,476 INR)
Supply Chain Analyst     $59,900
(49,64,865 INR)
Business Intelligence Analyst     $67,900
(56,27,952 INR)
Information System Manager     $83,400
(69,12,684 INR) 
Project Engineer $68,500
(56,77,684 INR)

These are the job prospects after an MBA in USA for Indian students. Let us now move on to the next section. This section is about the universities that offer MBA courses with no work experience.

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Top Colleges in the USA for MBA Without Work Experience

Are you an MBA aspirant? Do you wish to know MBA in USA for Indian students fees and eligibility? Did you know not every top college in the US asks for job experience from students? The list of such colleges is as follows:

Get your MBA degree without work experience | Gradding.com

  1. Chicago Booth School of Business
  2. Columbia Business School
  3. New York University
  4. Harvard Business School
  5. Yale School of Management
  6. University of California, Berkeley
  7. Anderson School of Management
  8. Sloan School of Management (MIT)
  9. Stanford Graduate School of Business

Now that you know what exam is required for MBA in USA, let's move on. Look at the table below to learn more about the colleges and the top recruiters.

MBA COLLEGES / FEE TOP RECRUITERS
Chicago Booth School of Business
FEE: ₹67.26 Lakh/year
  1. JPMorgan Chase & Co.
  2. Google
  3. Bank of America Corporation
  4. Goldman Sachs Group Inc.
  5. Accenture
  6. Morgan Stanley
  7. Keystone Strategy, Inc.
  8. McKinsey & Company, Inc.
Columbia Business School
FEE: ₹70.2 Lakh/year
  1. McKinsey & Company
  2. Boston Consulting Group
  3. Bain & Company
  4. Deloitte Consulting
  5. Credit Suisse
  6. Bank of America, Citi
  7. Chase & Co.
  8. American Express
Stern School of Business
FEE: ₹68.4 Lakh/year
  1. A.I. Insurance Inc.
  2. Centerview Partners
  3. Citi
  4. Orion Resource Partners
  5. Panoramic Hills Capital
  6. Trident
  7. Truist Bank
  8. UBS
Harvard Business School
FEE: ₹62.24 Lakh/year
  1. Inertia Ventures
  2. Silver Point Capital, L.P.
  3. Springdale Ventures
  4. SpaceX
  5. Sprout Solutions
  6. RSE Ventures
  7. Rethink Education
  8. Gartner, Inc
Yale School of Management
FEE: ₹70,37,734/year

  1. Accenture
  2. EY
  3. Bank of America
  4. Johnson & Johnson
  5. Abbott
  6. Ralph Lauren
  7. Clearway Energy
  8. Peak Energy
  9. Lumen Energy
Haas School of Business, Berkeley
FEE: ₹67,92,040/year
  1. Apple
  2. Bain & Company
  3. Boston Consulting Group
  4. C3.ai

  5. Cisco

  6. Deloitte

  7. Evercore

Anderson School of Management
FEE: ₹62 Lakh/year
  1. AIG
  2. Apollo Global Management
  3. Axis Capital
  4. Bank of America
  5. City National Bank
  6. CohnReznick Capital
  7. East West Bank
  8. EY
Sloan School of Management (MIT)
FEE: ₹69.95 Lakh/year
  1. McKinsey & Company
  2. Bain & Company
  3. The Boston Consulting Group
  4. Verizon
  5. Goldman Sachs
Stanford Graduate School of Business
FEE: ₹66,19,946/year
  1. McKinsey 
  2. HSBC
  3. American Express
  4. Boston Consulting Group
  5. Amazon
  6. Apple
  7. Google
  8. Meta

The table above mentions the top 9 colleges in the USA for MBA. It has details on their annual tuition fee and the best employers that come to hire the students.
Now, let us move on to the next section where we will talk about which university is best for MBA in USA. We will discuss if these top colleges in the USA offer education without the GMAT exam.

Also read: Courses After MBA in USA

Top Colleges in the USA for MBA Without GMAT

GMAT stands for Graduate Management Admission Test. Many universities do not consider this test to be one of the eligibility criteria. The list of some of the best colleges for MBA in USA with their QS ranking is below:

  1. MIT Sloan School of Management #1
  2. Foster School of Business #15
  3. Ross School of Business #17
  4. Kellogg School of Management, Northwestern University #30
  5. Stern School of Business, New York University #42
  6. Kenan–Flagler Business School, The University of North Carolina at Chapel Hill #102
  7. Texas A & M University #164
  8. Darden School of Business #253
  9. Georgetown University #281
  10. Howard University #751

Now that you know which exam is required for MBA in USA and which universities skip the GMAT, let's move on. The table below showcases the eligibility, course type, and annual tuition fee of the above universities.

MIT Sloan School of Management

MIT UNIVERSITY
COURSE TYPE Full-Time Course
ELIGIBILITY
  • Bachelor’s Degree (3-4 years)
  • TOEFL Score- 90 / IELTS
  • GRE Score- 311
TUITION FEE 69.95 Lakh/year
APPLICATION FEE 250 USD

Foster School of Business

Foster School of Business
COURSE TYPE EMBA
ELIGIBILITY
  • Bachelor’s Degree (3-4 years)
  • TOEFL Score: 100 IBT / 600 PBT
  • GRE
TUITION FEE 47.95 Lakh/year
APPLICATION FEE 85 USD

Ross School of Business

Ross School of Business
COURSE TYPE Full-Time Course
ELIGIBILITY
  • Bachelor’s Degree (3-4 years)
  • Excellent Academic Profile
  • TOEFL Score
  • GRE 
  • Statement of Academic Readiness (optional)
TUITION FEE 62.60 Lakh/year
APPLICATION FEE 200 USD

Kellogg School of Management, Northwestern University

Kellogg School of Management, Northwestern University
COURSE TYPE EMBA
ELIGIBILITY
  • Bachelor’s Degree (3-4 years)
  • Excellent Academic Profile
  • TOEFL / IELTS
  • GRE Scores
TUITION FEE 67.15 Lakh/year
APPLICATION FEE 250 USD

Stern School of Business, New York University

Stern School of Business, New York University
COURSE TYPE Full-Time Course
ELIGIBILITY
  • Bachelor’s Degree (3-4 years)
  • Excellent Academic Profile
  • TOEFL Score
  • GRE
TUITION FEE 69.78Lakh/year
APPLICATION FEE 250 USD

Kenan–Flagler Business School, The University of North Carolina at Chapel Hill

Kenan–Flagler Business School, The University of North Carolina at Chapel Hill
COURSE TYPE Full-Time Course
ELIGIBILITY
  • Bachelor’s Degree (3-4 years)
  • Excellent Academic Profile
  • TOEFL Score
  • GRE Test Scores
TUITION FEE 56.58Lakh/year
APPLICATION FEE 150 USD

Texas A & M University

Texas A & M University
COURSE TYPE Full-Time Course
ELIGIBILITY
  •  Bachelor’s Degree (3-4 years)
  • 2.75 GPA
  • Excellent Academic Profile
  • TOEFL Score
  • GRE Score - 298
TUITION FEE 52.71 Lakh/year
APPLICATION FEE 90 USD

Darden School of Business

Darden School of Business
COURSE TYPE Full-Time Course
ELIGIBILITY
  • Bachelor’s Degree (3-4 years)
  • Excellent Academic Profile
  • TOEFL / IELTS
  • GRE Scores
TUITION FEE 43.10 Lakh/year
APPLICATION FEE 250 USD

Georgetown University

Georgetown University
COURSE TYPE Full-Time Course
ELIGIBILITY
  • Bachelor’s Degree (3-4 years)
  • Excellent Academic Profile
  • TOEFL / IELTS
  • GRE Score
TUITION FEE 53.54 Lakh/year
APPLICATION FEE 150 USD

Howard University

Howard University
COURSE TYPE Full-Time Course
ELIGIBILITY
  • Bachelor’s Degree (3-4 years)
  • GPA - 3.00
  • Excellent Academic Profile
  • TOEFL 213: IBT / 550: PBT
  • GRE Scores
TUITION FEE 62 Lakh/year
APPLICATION FEE 123 USD

What is the eligibility criteria for MBA in USA | Gradding.com

These were colleges for MBA in USA for Indian students requirements. GMAT is a skill test that students need to pass before taking admission into a management college for an MBA. Many institutes in the US accept it as an eligibility criterion. However, these colleges do not consider GMAT to be necessary. In the next section, let us talk about the Intakes in MBA universities in the US.

 Intakes in Top MBA Colleges in USA

The table below mentions the intake dates of MBA colleges in USA for 2024:

UNIVERSITY NAME INTAKES
1. MIT Sloan School of Management #1 April, 2024 ; May, 2024
2. Foster School of Business #15 January, 2024 ; March, 2024
3. Ross School of Business #17 January, 2024 ; April, 2024
4. Kellogg School of Management, Northwestern University #30 January, 2024 ; April, 2024
5. Stern School of Business, New York University #42 January, 2024
6. Kenan–Flagler Business School, The University of North Carolina at Chapel Hill #102 January, 2024 ; March, 2024 ; April, 2024
7. Texas A & M University #164 May, 2024 ; October, 2024
8. Darden School of Business #253 March, 2024 ; May, 2024
9. Georgetown University #281 April, 2024 ; July, 2024
10. Howard University #751 February, 2024 ; March, 2024

There are three intakes for MBA in USA: Fall, Spring, Summer.
Next, there are several scholarships to fund the dreams of MBA aspirants.

 MBA Scholarships in the USA for Indian Students

The Eligibility criteria for MBA in the USA vary for every college. Many colleges in the US provide grants and scholarships for international scholars. The table below mentions 10 such scholarship awards. It also has their details:

SCHOLARSHIP NAMES INFORMATION

Harvard MBA Scholarship
  • $46,000 per year
  • UG Debts are seen
  • economic background
  • Gross income from last 3 years
Horace W. Goldsmith Fellowship
  • Upto 10,000 USD to 7-10 students.
  • Pass standardized exams like IELTS, TOEFL, GRE, GMAT etc.
Chicago Booth Scholarships for Indian Students
  • Amount varies based on students’ abilities
  • GRE/GMAT score
The Robert S. Kaplan Life Sciences Fellowship
  • 10,000 USD annually
  • Prior work experience.
  • Bachelor’s degree.
Stanford MBA scholarship
  • $44,000 per year
  • Proof of economical Background
  • Excellent Academic Record
Meyer Feldberg Distinguished Fellowship Program
  • The amount can vary for every student
  • Excellent academic record, and also some professional experience.
Sloan School of Management- McKinsey Award
  • 10,000 USD annually to 3 students.
  • GMAT score- 720
Stanford Reliance Dhirubhai Fellowship
  • 150,000 USD
  • Clear GRE/GMAT/IETLS/TOEFL entrance tests.
  •  Merit-Based
Donald P. Jacobs International Scholarships
  • 15,000 USD per year.
  • Must be academically bright.
  • Should be enrolled in a 2-year program.
NYU Stern School Of Business
  • 25,000 USD 
  • Merit-based

These were a few scholarships for MBA in USA for Indian students. These are the awards you can avail of for pursuing an MBA in the USA. Next, we will discuss how to apply for MBA in USA.

Suggested read: MBA Scholarships in the US 

How to Get a Work Permit After an MBA in USA?

Are you worried about your journey after your MBA in the US? Are you planning to get a work permit in the US after your MBA? The US government makes it easy for you with the OPT (Optional Practical Training) and CPT (curricular practical training). Follow the steps below to learn how to apply:

  1. Your job must relate to the major subject you studied there.
  2. Your F-1 visa must be valid.
  3. Apply for OPT before completing the degree.
  4. You can apply for CPT after completing the degree.
  5. Submit the I-765 form with the application fee they ask for.
  6. Follow it up with your I-20 form, and proof of eligibility for nonimmigrant status.
  7. Your DSO must endorse your OPT within the last 60-day period.
  8. Attach a copy of your STEM degree.

Documents for admission in MBA in USA | Gradding.com

They can give you up to 3 years of work permission in the US if you enroll in STEM courses. It includes Business Management.

Read: Get Jobs After an MBA in USA

To sum up, the scope of an MBA degree in the USA is a lot. This blog answers all the questions students have related to an MBA in USA. From "Why study MBA in USA" to "Which exam is required for MBA in USA?". There are a lot of options to choose from when it comes to an MBA in USA. You can choose from various colleges to scholarships and select the one that suits you the best. Moreover, study abroad experts at Gradding.com can guide you further than an MBA. They offer aid in looking post study work visas not only in the US but other nations like the UK, Malta, Australia, etc.
Now that you know how to do MBA in USA, book a free session with us now to push further your application!

Frequently Asked Questions

Which MBA is in Demand in USA?

The following specializations are in demand in the US:

  1. Finance
  2. Marketing
  3. Health Care Administration
  4. Project Management
  5. Business Analytics

 Which is the Cheapest MBA Tuition in USA?

The list below is of USA colleges with low MBA fees:

  • Worcester State University
  • Polytechnic University of Puerto Rico
  • Cameron University
  • Northeastern State University
  • Minnesota State University

Which University is best for MBA in USA?

The below list is of some of the best universities for an MBA in USA:

  • Stanford University
  • Massachusetts Institute of Technology
  • Yale University
  • New York University
  • Columbia University
  • Harvard University
  • Kellogg School of Management

What is the Application Process for MBA in the USA?

Let us learn how to apply for MBA in the USA:

  1. Must have a bachelor's degree.
  2. GMAT/GRE score
  3. IELTS/TOEFL
  4. SOP - Statement of Purpose
  5. Recommendation Letters (At least 2)
  6. Job Experience (optional)

How Many Years for an MBA in USA?

MBA in USA duration can vary as per your choice. You can also complete your MBA in the USA in 1 year. However, usually, it is of 2 full years.

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