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Which are the Top MBA Programs to Study in USA 2022?

 

MBA programs in the US are popular among Indian and international students. It is home to Harvard Business School, Stanford GSB, Northwestern Kellogg, MIT Sloan, and many more top MBA programs. MBA aspirants can choose between a two-year full-time MBA program and a one-year program in the US.

 

Why MBA in the USA?

Why MBA in the USA?

MBA programs in the USA can benefit in terms of learning, post-MBA careers, and cultural exposure. In recent years, domestic applications in the USA have decreased. International applicants are more likely to apply to STEM-certified MBA programs since they offer an additional 36 months of OPT (Optional Practical Training). Moreover, earning an MBA can help you alter your profession and expand your career options. According to the GMAC Application Trends report 2019, 50% of overseas candidates apply to the USA in order to obtain a job in the USA.

Apart from the career opportunities, the USA is home to the majority of the world’s top business schools. Thus, an MBA from a top business school can open doors to a variety of opportunities. Also, the best MBA programs in the USA have a high brand value, giving you an advantage over other MBA graduates. Because of the prestige of its educational system, over 75% of prospective students chose the USA as their study destination.

 

Best MBA Programs in the USA in 2022 – 23

Best MBA Programs in the USA in 2022 - 23

The USA has some of the greatest MBA schools available. Students can choose the duration of an MBA program at some colleges. Full-time, part-time, and accelerated MBA programs are offered by them.

Below are the top full-time MBA programs in the USA:

Best MBA Colleges  Tuition Fees GMAT Score (2022)
Stanford GSB $74,706 733
Wharton School of Business $80,432 722
Kellog School of Management $74,871 727
Booth School of Business $73,440 724
MIT Sloan School of Management $77,168 720
Harvard School of Business $73,440 730
UC Berkely Haas $64,246 727
Columbia Business School $77,376 726
Yale School of Management $72,350 720
NYU (Stern) $76,780 723
Virginia (Darden) $72,800 703
Dartmouth Tuck $77,520 720
Duke (Fuqua) $70,000 700
Michigan (Ross) $71,048 710
Cornell (Johnson) $71,940 700
UCLA (Anderson) $65,124 706
USC (Marshall) $65,124 708
Texas Austin (McCombs) $56,572 704
CMU (Tepper) $70,000 680
UNC (Kenan Flager) $66,840 694

 

Top One-Year MBA Program Offered in the USA

Top One-Year MBA Program Offered in the USA

Apart from the full-time MBA program, a one-year program is also available in the USA. Let’s take a look at the top one-year MBA programs in the USA:

One-year MBA Programs USA Cost
Kellogg Accelerated MBA $140,366
Cornell Johnson $145,847
Duke Fuqua Accelerated MBA $114,165
Notre Dame (Mendoza) $81,242
USC Marshall (I-Bear) $124,715
NYU Stern Tech MBA $149,101
Emory (Goizueta) $103,971
Babson College One-Year $128,761
University of Pittsburgh $52,845
Peeperdine Graziadio Business School
Accelerated MBA
$101,880

 

MBA in USA – Scholarships and Financial Aid

MBA in USA – Scholarships and Financial Aid

The cost of an MBA is one of the reasons why non-US citizens avoid studying in the United States. Around 66% of prospective students think that the cost of tuition prevents them from pursuing an MBA in the USA, while 57% agrees that the cost of living prevents them from doing so. One of the most significant problems that students face is the cost of an MBA in the USA. However, fellowships, scholarships, assistantships, and education loans are all options for funding your study. The same report also points out that around 33% of students choose the United States because of the availability of financial aid.

Most of the leading MBA programs in the USA provide merit-based scholarships. Besides that, business schools offer specific scholarships such as diversity scholarships.

 

Financial Aids Available for Indian Students in the United States

Many Indian students aspire to study in the USA. Due to financial constraints, this ambition is often shattered. Thankfully, there are currently a number of scholarships available for Indian students in the USA, and if you keep an eye out, you might be able to get one or more for yourself. In addition, you can apply for college loans in the USA. A high GMAT score can help you qualify for a large scholarship. Let’s check out some of the scholarships available for Indian students in the USA:

  • AEF Scholarship
  • Akhtarali H. Tobaccowala Fellowship
  • American University Emerging Global Leader Scholarship
  • Asian Women in Business Scholarship Fund
  • Chicago Booth School of Business
  • Cornell University Tata Scholarship
  • Fullbright-Nehru Master’s Fellowship
  • Gunvant and Bharati Parekh College Scholarship Award
  • Inlaks Shivdasani Foundation Scholarship
  • LSEF – UMass Scholarship
  • Matt Fong Asian Americans in Public Finance Scholarship
  • Rotary Foundation Ambassadorial Scholarship
  • S.N. Bose Scholars Student Exchange Program for Indian Students
  • SEED Foundation Scholarship
  • Stanford Reliance Dhirubhai Fellowship Program
  • Upakar Indian Scholarship Foundation
  • The Hubert H. Humphrey Fellowship Program

MBA Salary in the USA

MBA Salary in the USA

The average salary for an MBA graduate in 2022 among the top 12 highest-ranked programs per QS Global Best Business Schools rankings is:

 

Visa Requirements for MBA in USA

Visa Requirements for MBA in USA

An F-1 student visa is required to study an MBA in the USA (full-time), which allows you to participate in a 12-month OPT. After completing the program, you will be able to work and reside in the USA for a period of 12 months. If your degree has STEM certification, you can even extend your OPT. OPT will be available to STEM MBA graduates for 36 months.

Many MBA aspirants have recently decided against pursuing an MBA in the USA. This is due to the negative publicity surrounding the H-1B visa. However, the current H-1B sentiment is bad news for IT outsourcing companies but good news for MBA students. It’s even better if you’re aiming for one of USA’s top 30 business schools.

 

STEM MBA Programs in the USA

STEM MBA Programs in the USA

STEM stands for Science, Technology, Engineering, and Math. In the recent past, many business schools have embraced STEM-designation. As mentioned earlier, a STEM-certified MBA program offers 36 months OPT. Thus, you get to stay and work in the United States for an additional 36 months without an H-1B visa.

According to the GMAC application survey, 44% of STEM-certified programmers saw an increase in overseas applications in 2019. The STEM-designated degree program was established by the federal government in 2016 to address the scarcity of competent workers in STEM fields, which are expected to rise by more than a million jobs by 2024. As a result, a STEM graduate will have more work prospects in the USA.

The STEM programs provided by the best MBA programs in the USA are shown in the table below:

STEM STEM MBA Certification
Columbia Business School Entire Full-time MBA program
Stanford GSB Entire Full-Time MBA program
Harvard Business School Management Science track in Full-time MBA
Michigan Ross STEM-Designated Track
NYU Stern Entire Full-Time MBA program
Yale SoM STEM-MBA concentration
Dartmouth Tuck Management Science and Quantitative Analysis
UNC Kenan-Flager STEM Concentration
Northwestern Kellogg Management Science
Wharton School of Business Majors in full-time MBA: Statistics, Actuarial science, Business Analytics; Business Economics & Public Policy; Business, Energy, Environment & Sustainability; Operations, Information, and Decisions
UC Berkely Haas MBA (All programs)
CMU Tepper MBA (All programs)
Chicago Booth Entire Full-Time MBA program
Simon Business School MBA (All programs
MIT Sloan Entire Full-Time MBA program
Purdue – Krannert School of Management MS Marketing, MS business analytics & information management, MS Finance, MS Global Supply chain management, MS Economics
Wisconsin School of Business MBA in Operations and Technology Management, MBA in supply chain management
University of Massachusetts Dartmouth MBA in Business Analytics
University f Notre Dame MBA/MS in Business Analytics Dual degree
Tippie College of Business Masters in Finance
Whitman School of Management Masters in Finance
Darden Virginia Specialization in Management science full-time MBA
Georgetown (McDonough) Management science major in full-time MBA
Indiana Kelley Five majors in Full-time MBA: Business analytics, finance, marketing, accounting, and supply chain management
UC-Davis Entire Full-Time MBA program
Olin Business School Entire Full-Time MBA program

 

Diverse Environment

Diverse Environment

Diverse culture is broadly celebrated on university and college campuses across the USA. The country is commonly referred to as an immigrant nation, and MBA schools recognise the importance that international students offer to the educational experience in terms of their languages, cultures, and traditions.

Culture and diversity are becoming increasingly important in the best MBA programs in the USA. Stanford GSB, for example, declares that it is committed to creating inclusive environments for its members to learn from one another and celebrate diversity’s power. International students make about 43% of the incoming class of 2021.

The percentage of international students in the leading MBA programs in the USA is shown in the table below:

MBA in USA % of International Students (Class profile 2022)
Stanford GSB 35%
Wharton School of Business 19%
Kellogg School of Management 26%
Booth School of Business 42%
MIT Sloan School of Management 33%
Harvard Business School 33%
UC Berkely (Haas) 21%
Columbia Business School 44%
Yale School of Management 32%
NYU (Stern) 24%
Virginia (Darden) 24%
Dartmouth Tuck 37%
Duke (Fuqua) 38%
Michigan (Ross) 18%
Cornell (Johnson) 34%
UCLA (Anderson) 33%
USC Marshall 12%
Texas-Austin (McCombs) 20%
CMU (Tepper) 28%
UNC (Kenan-Flagler) 8%

 

Conclusion

For international students, the USA has the best MBA programs from top colleges. Due to its diversity and exposure, the country offers several options. The curriculum will be taught in a unique way at the greatest universities, such as Stanford or Berkeley. If you want to work in the business sector and build a career at some of the world’s top companies, getting an MBA in the USA can be your best option. An MBA from a top-tier management school in the USA can also help you earn more and get a better return on your investment.

 

Frequently Asked Questions

FAQs

Ques.1 In the USA, how long does an MBA last?

A full-time MBA usually takes two years to finish. Students can, however, choose a one-year program.

Ques.2 How much does an MBA in the USA cost?

MBA tuition fee in the USA can range between $60,000 and $90,000. Other expenses include the cost of living, books, and supplies, among other things

Ques.3 What are the most popular MBA destinations?

The following are some of the most popular MBA destinations:

  1. United States
  2. Canada
  3. United Kingdom
  4. New Zealand
  5. Germany
  6. Australia

Ques.4 What are the exams required for pursuing MBA in the USA?

GRE and GMAT are the two exams which aspirants need to undertake for getting admissions for MBA in the USA.

Ques.5 What GMAT score is required for admission to the top MBA programs in the USA?

At the top 20 business schools, the average GMAT score for the incoming class of 2022 is 700-733.

 

Find Your Dream University

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