WHY THE U.S?
For the past few decades the U.S. has been the world’s most popular study abroad destination. Although countries with strong options for studying abroad have continued to increase, the U.S. continues to be the most sought-after country for the majority of aspiring international students thanks to the strong global presence of its top-ranked universities. The reason for this is twofold – U.S universities are well funded while also showcasing high academic standards and providing strong practical exposure. U.S universities are involved in incubating and generating ground breaking technologies and are at the forefront of providing cutting-edge technology and resources for students. U.S universities’ emphasis on diversity also ensures that students access multi-cultural exposure and a stimulating learning environment.
WHY AN MBA IN THE U.S?
The U.S is currently considered the best possible location to pursue a Masters in Business Administration. The Masters in Management is undeniably one of the most popular academic fields in American universities. The global curriculum is a perfect amalgamation of innovative teaching methodologies and practical experience, which provides a keen perspective on diverse business and management fields. The most interesting part of the curriculum is how it successfully dissects entrepreneurship while simultaneously honing a student’s business acumen. Further, it develops necessary business skills and confidence ensuring that students thrive as effective managers in dynamic and competitive business areas. One of the world’s leading destinations for a cutting-edge education, the U.S hosts some of the most prestigious business schools which feature courses strongly accentuating students’ business management capabilities while providing diverse professional exposure. Additionally, pursuing an MBA in the U.S is not just about the top-notch universities, but also about the country’s strong infrastructure support, continual exposure to the latest technologies, strong academic projects and excellent internship opportunities. The most crucial factor that makes American B-schools stand apart from the competition is the premium professional exposure students get at top companies like Apple, Microsoft, Google, Amazon, and IBM, which are headquartered in the U.S, as management study is in large part about expanding networks and contacts.
AN ARRAY OF SPECIALIZATIONS
ADVANTAGES OF PURSUING AN MBA IN THE U.S
With borders becoming increasingly irrelevant, there is a huge global demand for business graduates from the U.S. The country is strongly preferred over others, which can be observed from the fact that over 50% of the total students aspiring to pursue an MBA send their GMAT scores to U.S universities every year. The reasons behind this are as follows:
• American universities provide equal opportunities to both native and international students in terms of both academics and career options.
• MBA students from the U.S are often offered lucrative compensation packages.
• The U.S hosts some of the world’s biggest companies and hence students have an advantage in terms of internship opportunities and post-graduation job offers.
• The coveted Master of Management degree from U.S institutions develops a highly prized global mind-set.
• The curriculum is designed by top-notch professors with extensive industry experience, and the quality of education offered by U.S B-schools is considered to be the benchmark for course development in other countries.
• Beyond theoretical knowledge, a management student in the U.S develops leadership skills and decision-making abilities, which translate into effective people-management skills.
• MBA programmes in the U.S host events like business seminars, professional organization meetings, and employment meets, which provide networking opportunities with industry leaders.
• Students participate in capstone projects and relevant case studies.
• The opportunity to interact with people from diverse cultures allows students to access more diverse global worldviews and insights into international business practices.
CAREER OPPORTUNITIES, POST-MBA
American universities offer by far the best learning environment in terms of competitive case studies and academic challenges. Graduates can work in multiple domains including Human Resources, Finance and Accounting, Business Consultancy, and Sales, all of which require management expertise. Pursuing an MBA from the U.S is undoubtedly a lucrative proposition owing to the multitude of career options the degree offers access to. While many decide to return to their home country, there are students hired by renowned international companies across the world for fulfilling careers. Many American companies offer jobs with sponsorship opportunities that encompass The U.S H1B visa as well, ensuring that work permits do not become an issue.
TOP 7 AMERICAN B-SCHOOLS
Rank Name of the University Overall Score Average GMAT Score Acceptance Rate
1 Harvard University 100 731 9.9% 1,857
2 University of Chicago Booth 100 730 23.5% 1,176
3 University of of Pennsylvania 99 730 19.2% 1,737
4 Stanford University 98 737 5.7% 853
5 Massachusetts Institute of Technology 97 722 11.6% 813
6 Northwestern University (Kellogg) 95 732 20.2% 1,296
7 University of Michigan – Ann Arbor (Ross) 93 716 25.3% 824
8 University of California – Berkley (Haas) 93 725 12.9% 543
• 4-year Bachelor’s degree from any U.S accredited institution or international equivalent.
• Proof of English Proficiency Test (TOEFL being the most common; minimum score required: 550-600 (paper based), 213-250 (computer based).
• GMAT score (preferably above 600); however, there are some non-GMAT universities.
• Proper submission of documents including a personal statement, recommendation letters, resume and any other essays as mentioned in university-specific application material.
There are three rounds for which students can apply to B-school; nonetheless, it is preferable for Indian students to apply in the first or second round.
1 October/ November
2 January/ February
3 March/ April
The cost of pursuing MBA in the U.S is quite high but obviously, there are provisions for scholarships that a student can access based on his/her profile, application, documents, GMAT score and interview. While tuition fees for state schools are moderate, private school tuition fees are substantial. For state schools the rough cost can be somewhere from 30,000 USD to 60,000 USD per year; however, for private schools, the costs rise to 65, 000 USD every year, or even more.