MBA in USA
The most obvious choice of destination for MBA! And the most flexible also! Check out why?
Why Study in USA?
Let’s Look at the Numbers!
- USA has 12 B-schools in the top 20 list & 23 B-Schools in the top 50 list of the QS Global MBA Rankings 2018
- USA came third in the World Economic Forum’s Global Competitiveness Report for 2017-2018, ahead of Singapore, Netherlands, Germany, and Hong Kong.
Top B-Schools
Ivy League
- Columbia University
- Cornell University
- Dartmouth College
- Harvard University
- University of Pennsylvania
- Yale University
Other Top B-Schools
- Stanford Graduate Business School
- MIT Sloan
- UC Berkeley (Haas)
- Northwestern Kellogg
- University of Michigan (Ross)
- NYU Stern
- Duke (Fuqua)
Brown University and Princeton University do not offer an MBA degree.
Powerful Reasons to Study in USA
| Top-notch education & curriculum | Most flexible education system | Extensive international exposure | Thriving Campus Life | Strong Employment Prospects |
|---|---|---|---|---|
| World’s top most b-schools | Accepts 16/15 years of education | Diverse Class | Student clubs/organizations | High ROI |
| Practical curriculum | Suitable for all kinds of applicants | Cross cultural exposure | Focus on ECA> | Extensive job/networking opportunities |
Average/Median Salaries earned by US MBA Graduates & Alumni
Let’s look at the average salaries earned by alumni at some of the top US B-schools
| B-School | Average/Median |
|---|---|
| Harvard Business School | US $ 135,000 |
| University of Chicago Booth | US $ 125,000 |
| UPenn (Wharton) | US $ 130,000 |
| Stanford GSB | US $ 144,455 |
| MIT Sloan | US $ 125,000 |
| Northwestern (Kellogg) | US $ 117,779 |
| Michigan (Ross) | US $ 119,107 |
| Berkeley (Haas) | US $ 125,573 |
Top Functions & Industries (Post MBA) in USA
| Industries | Functions |
|---|---|
| Consulting | Consulting/Strategy |
| Financial Services | Finance |
| Technology | General Management |
| Marketing/Sales |
Program Duration & Cost of Education
| Duration | Cost of Education (Tuition & Living per annum) |
|---|---|
| Usually 2 years Some b-schools offer MBA of less than two years |
For private schools: Tuition fee: US $ 65,000 For state b-schools: Tuition fee: US $ 30,000-60,000 |
Eligibility Criteria for MBA Programs
| Strong Academic Credentials | Standardized Test Scores | Strong Extra Curriculars |
|---|---|---|
| 4 year Bachelor’s degree from any U.S. accredited institution or an international equivalent* | Competitive GMAT score (Preferably above 600) However, there are some B-schools which do not ask for the GMAT |
Minimum work experience of two years Strong Extra Curriculars & Community Service experience |
*US is considered as one of the most flexible destinations in terms of its education requirements. Though a 4-year bachelor’s degree (i.e. a total of 16 years of education) is the norm for MBA programs, some business schools are open to applicants having a 3-year Bachelor’s degree. The requirement for 16 years of education/15 years of education can change sometimes and therefore it is recommended that you first check with a b-school about their requirements (in case you have a 3 years bachelor’s degree) before applying.
Average GMAT & Work Experience at Top B-schools
| B-School | Average GMAT of Class | Average Years of Work Exp. of Class |
|---|---|---|
| Harvard Business School | 730 | 3-5 |
| University of Chicago Booth | 730 | 5 |
| UPenn (Wharton) | 732 | 5 |
| Stanford GSB | 737 | 4 |
| MIT Sloan | 728 | 5 |
| Northwestern (Kellogg) | 732 | 5 |
| Michigan (Ross) | 720 | 5 |
| Berkeley (Haas) | 726 | 5.4 |
Intake & Application Deadlines
There are two application intakes – Fall & Spring; however, the Fall intake is the most preferred intake by B-school applicants.
In terms of deadlines for B-schools, there are usually multiple application rounds (in some B-schools, there are three application rounds). The timelines for most of the B-schools are as follows:
| ROUND | DEADLINE |
|---|---|
| 1 | October/November |
| 2 | January/February |
| 3 | March/April |
In case you are an international applicant, it is usually advisable you apply in Round 1 itself. However, it is also important to ensure that your application is complete and you have made considerable efforts to project a strong profile. In case your application is not ready by Round 1, you should submit maximum by Round 2.
Student Visa Terms and Provisions
- Students need an F-1 visa to pursue a full-time education in US universities
- Upon receiving the I-20 from the admitted university, a student must apply for a visa
- Students can apply up to 120 days from the program start date