Many Indian students aspire to pursue an MBA in the USA due to the country’s reputation for providing top-notch business education. The USA is home to some of the world’s best business schools offering diverse MBA courses. The average MBA fee in the USA is around INR 37.5L to INR 64L.
The USA’s advanced teaching methodologies, exposure to global business environments, and top-notch infrastructure attract Indian students to pursue an MBA in the USA. As per the latest statistics, around 25% of international students studying in the USA are from India.
Get a quick overview of the blog’s key highlights and unlock valuable information about the MBA in the USA fees.
Blog Highlights:
| Total Universities | Over 4000 |
| Average Tuition Fees For MBA | INR 37.5L to INR 64L |
| Top Universities | –Stanford Graduate School Of Business -Harvard School Of Business -Columbia Business School -UC Berkeley – Haas School of Business |
| MBA Specialisation | -MBA in General Management -MBA in Finance -MBA in Marketing -MBA in Accounting |
| Scholarships | -Fulbright-Nehru Research Fellowship -Tata Scholarship Fund -Inlaks Shivdasani Foundation Scholarships -Stanford Reliance Dhirubhai Fellowships for Indian Students -Harvard Business School Boustany MBA Scholarship |
| MBA Exams Required | -GRE -GMAT -IELTS -TOEFL |
| Cost Of Living In The USA | INR 1L |
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Why To Study In The USA
The USA has always been a popular destination for Indian students to pursue higher education, and following an MBA in the USA is a dream for many. In 2022-23, around 2,60,000 Indian students were studying in the USA, making them the second-largest group of international students.
Pursuing an MBA in the USA can open up several job opportunities and lead to a successful career.
Here are some reasons why Indian students should consider pursuing an MBA in the USA:
Top Business Schools
- The USA is home to some of the world’s best business schools that offer globally recognised MBA degrees.
Networking Opportunities
- Pursuing an MBA in the USA provides excellent networking opportunities, where students can interact with industry professionals and alumni, which can help them secure job opportunities.
Global Exposure
- The USA is a hub for international business, and pursuing an MBA in the USA can provide students with global exposure to business environments, trends, and practices, preparing them for a successful career.
High Employment Rate
- The USA has a high employment rate, which makes it a desirable destination for Indian students to pursue higher education and kick-start their careers.
High Earning Potential:
- MBA graduates in the USA have high earning potential, making it a lucrative career option for Indian students. The average annual salary after an MBA in the USA is approximately INR 95 L.
These are a few reasons Indian students should consider pursuing an MBA in the USA. With the proper planning and research, Indian students can make their dream of studying in the USA a reality.
Top MBA Colleges In The USA With Fees
Indian students looking to pursue an MBA in the USA have many options for choosing a university. The USA is home to over 500 universities that offer MBA courses. However, it can be overwhelming for students to choose the right university that aligns with their career aspirations and budget.
Below, we have compiled a list of the top 10 universities offering MBAs in the USA for Indian students’ fees.
| Top Universities | Avg Annual Tuition Fees |
| Harvard Business School | INR 62L |
| Stanford Graduate School of Business | INR 66.5L |
| Chicago Booth School of Business | INR 67.4L |
| Haas School of Business, University of California, Berkeley | INR 68L |
| Yale School of Management | INR 68.5L |
| Columbia Business School | INR 70L |
| MIT Sloan School of Management | INR 70L |
| The Wharton School, University of Pennsylvania | INR 73L |
| UCLA – Anderson School of Management | INR 76.5L |
| Kellogg School of Management, Northwestern University | INR 93.5L |
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Scholarships For MBA In The USA
Scholarships can be an excellent way for Indian students to reduce the financial burden of pursuing an MBA in the USA. Many universities in the USA offer scholarships, grants, and fellowships to international students, including Indian students, to help them cover their tuition fees.
Here are some of the popular scholarships for Indian students pursuing an MBA in the USA:
- Fulbright-Nehru Research Fellowship
- Tata Scholarship Fund
- Inlaks Shivdasani Foundation Scholarships
- Stanford Reliance Dhirubhai Fellowships for Indian Students
- Harvard Business School Boustany MBA Scholarship
- The Wharton School’s Joseph Wharton Fellowships
- MIT Sloan School of Management MBA Scholarships
- Berkeley Haas MBA Scholarships
Eligibility Criteria For Studying MBA In The USA
To pursue an MBA in the USA, Indian students need to fulfil specific eligibility criteria. Each university may have its own set of requirements, but some basic requirements remain the same.
Here are some of the eligibility criteria for studying for an MBA in the USA:
- A Bachelor’s degree from a recognised university
- A good GMAT score or GRE score
- A minimum of 2-3 years of work experience
- English proficiency test scores (TOEFL or IELTS)
- LOR (Letters of recommendation)
- SOP (Statement of purpose)
- Resume/CV
- Application fee
It is advisable to check the specific requirements of each university before applying to ensure that you meet all the eligibility criteria.
Top MBA Streams
An MBA degree is a popular choice among students who want to pursue a career in business management. It is a postgraduate degree that provides a comprehensive understanding of business administration and management principles.
MBA programs offer various specialisations that students can choose based on their interests and career goals.
Here are some of the popular MBA specialisations that students can opt for:
- MBA in Human Resource Management
- MBA in Consulting
- MBA in Technology Management
- MBA in Operations Management
- MBA in General Management
- MBA in Health Services Administration
- MBA in International Business
- MBA in Finance
- MBA in Accounting
- MBA in Entrepreneurship
Also read: Top 10 MBA Streams
Types Of MBA In The USA For Indian Students
When it comes to pursuing an MBA in the USA, Indian students have several options available. Depending on their career aspirations and lifestyle, Indian students can choose from different types of MBA programs.
The most common types of MBA programs available in the USA for Indian students are:
Full-time MBA
- A traditional MBA program that requires students to attend classes on-campus full-time. It usually takes two years to complete, and students have the opportunity to participate in various extracurricular activities and networking events.
Part-time MBA
- A flexible MBA program that allows students to attend classes on a part-time basis.
Online MBA
- An MBA program that is delivered entirely online. It is an ideal option for students who cannot attend classes on campus due to geographical or other restrictions.
Executive MBA
- An MBA program that is designed for experienced professionals who want to enhance their leadership skills and advance their careers.
Each type of MBA program has advantages and disadvantages, and Indian students should choose a program that aligns with their career goals and lifestyle.
Cost Of Living In The USA For Indian Students
The cost of living is crucial to consider when calculating the USA MBA fees for Indian students. One person’s average cost of living in the USA is approximately INR 1L per month.
The USA is known for its high cost of living, and it can be challenging to estimate expenses accurately. However, having a basic idea of the average rent, transportation, utilities, and grocery costs can help students plan their budget accordingly.
Here is a table summarising the average cost of living expenses for Indian students in the USA:
| Parameters | Monthly Cost |
| Monthly Transportation Pass | INR 6,670 |
| Basic Utilities Cost | INR 18,000 |
| Avg Groceries Cost | INR 21,000 – INR 46,000 |
| Average monthly Rent | INR 1.5L |
Note: These are rough estimates and can vary depending on the location and lifestyle of the student.
Study Visa In The USA For Indian Students
Indian students who wish to study in the USA must obtain a visa to stay and study there legally. The student visa allows Indian students to pursue their academic goals in the USA by enrolling in a full-time course at a recognised institution.
There are two types of study visas available for Indian students in the USA: F-1 visa and J-1 visa. The F-1 visa is for students enrolled in academic or language programmes, while the J-1 visa is for students enrolled in exchange programmes. The USA student visa application fee is INR 15,397.
Let’s take a closer look at both these visas.
F-1 Visa
The F-1 visa is the most common type of visa issued to Indian students in the USA. This visa is for students wishing to enrol in an academic or English Language Program at a US institution.
J-1 Visa
The J-1 visa is issued to Indian students who are participating in an exchange programme in the USA. This visa is for students who wish to participate in a work-and-study programme, research scholarship, or cultural exchange programme.
Both visas have specific eligibility requirements that Indian students have to fulfil. It is essential to carefully review the criteria for each visa before applying to ensure a successful visa application process.
Jobs After MBA In The USA
After completing an MBA in the USA, Indian students have various job opportunities. Pursuing an MBA in the USA can open doors for high-paying jobs and lucrative career opportunities. However, it is essential to remember that the job market is highly competitive, and job seekers need the skills and experience to land their dream job.
MBA In The USA Fees
Before discussing job opportunities after an MBA in the USA, let’s quickly refresh our memory with the average fees in the USA. The average MBA fee in the USA is around INR 37.5L to INR 64L. However, the tuition fee can vary depending on the university and the course specialisation.
Now, let’s take a look at some of the top jobs after an MBA in the USA and their average salaries:
| Jobs After MBA | Avg Annual Salary |
| Operations Manager | INR 60.5L |
| Digital Marketing Manager | INR 77L |
| Business Analyst | INR 77.6L |
| Marketing Manager | INR 80.7L |
| Human Resource Manager | INR 83.5L |
| Sales Manager | INR 99L |
| Financial Manager | INR 1Cr |
| IT Manager | INR 1Cr |
| Management Consultant | INR 1.2Cr |
| Investment Banker | INR 2.8Cr |
Note: All these salaries are approximate. They may vary by location, employer and currency exchange rate.
ROI For Top MBA Colleges In The USA
An MBA from a top university in the USA can be expensive for Indian students. However, costly fees can be justified by the high return on investment for Indian students after an MBA degree in the USA. The ROI is calculated based on the average salary of graduates from a particular university and the tuition fee.
In this way, students can calculate the value of the degree and make an informed decision about which university is the best fit for Indian students to pursue an MBA in the USA.
The table below lists the top 5 universities in the USA for an MBA and their average salaries:
| Universities | Average Tuition Fee | Average Salary |
| Harvard Business School | INR 62L | INR 1Cr |
| Stanford Graduate School of Business | INR 66.5L | INR I.3 Cr |
| MIT Sloan | INR 70L | INR 1.37Cr |
| Chicago Booth School Of Business | INR 67.4L | INR 1.5Cr |
| Columbia Business School | INR 70L | INR 1.5Cr |
These universities are known for their rigorous curriculum, experienced faculty, and excellent placement opportunities. Furthermore, they have a strong alumni network that students can leverage to further their career prospects.
Top Recruiters After MBA In The USA
After completing an MBA in the USA, Indian students can expect to have a wide range of job opportunities available to them. Many top companies in various industries actively recruit MBA graduates from the USA’s leading business schools.
These companies offer excellent career prospects, competitive salaries, and a chance to work on challenging projects.
Here are the top 10 recruiters after an MBA in the USA and the Industry they specialise in:
| Recruiters | Industry |
| Amazon | E-commerce |
| Apple | Technology |
| Bain & Company | Management Consulting |
| Boston Consulting Group (BCG) | Management Consulting |
| Deloitte | Professional Services |
| Technology | |
| J.P. Morgan | Investment Banking |
| McKinsey & Company | Management Consulting |
| Microsoft | Technology |
| Goldman Sachs | Investment Banking |
Final Thoughts
In conclusion, pursuing an MBA in the USA can be a life-changing decision for Indian students. The USA offers world-class business education, diverse business environments, and ample job opportunities. With a high employment rate and lucrative earning potential, an MBA from a top US business school can set Indian students on a path to a successful career.
So, if you are an Indian student aspiring for a top-notch MBA degree, the USA can be your perfect destination. Start your research, plan your finances, and take a step towards a brighter future!
And if you’re considering other options like the UK, Australia, and Canada, we’ve got you covered, too. Schedule a free consultation with our experts today for personalised guidance and advice.
Leap Scholar is proud to have a highly qualified team of counsellors with 50+ years of combined experience in helping students study abroad. Talk to us and find out which country is ideal for you!
Frequently Asked Questions
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Q. What is the average cost of an MBA in the USA for Indian students?
A. The average cost of an MBA in the USA for Indian students ranges from INR 37.5L to INR 64L. However, the fees may vary depending on the university and course. Pursuing an MBA in the USA can be expensive but can also lead to better job opportunities and a successful career. It is crucial to plan and research well to choose the right university that aligns with the student’s career aspirations and budget.
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Q. What are the top MBA colleges in the USA with fees?
A. Here are the top MBA colleges in the USA with fees:
-Harvard Business School – INR 62L
-Stanford Graduate School of Business – INR 66.5L
-Chicago Booth School of Business – INR 67.4L
-Haas School of Business, University of California, Berkeley – INR 68L
-MIT Sloan School of Management – INR 70L -
Q. What is the average salary after doing an MBA in the USA?
A. The average salary after an MBA in the USA is quite high and can vary depending on industry, job role, and location. The average annual salary for MBA graduates in the USA is approximately INR 95.5L. However, this figure can increase even more, depending on the individual’s experience and the organisation they work for. Pursuing an MBA in the USA can be a lucrative career option for Indian students looking to build a successful career in the business world.
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Q. How can an Indian student afford an MBA in the USA?
A. Several options exist for Indian students to afford an MBA in the USA. Some universities offer scholarships and financial aid to international students, which can help cover the tuition fees. Additionally, students can explore part-time job opportunities and internships to support their living expenses. Some banks and financial institutions also offer education loans for studying abroad.
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Q. What is the cost of a Harvard MBA degree for Indian students?
A. The cost of a Harvard MBA degree for Indian students is around INR 62 lakhs. Harvard Business School is one of the top-ranked business schools in the USA, offering a globally recognised MBA degree. The possibility of a high-earning potential and a successful career in the business world offset the high cost of tuition.
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Q. Which is the cheapest college for an MBA in the USA fees?
A. The City University of New York (CUNY) offers an affordable MBA program with tuition fees averaging around INR 16.6L. The program is designed to provide students with a comprehensive understanding of business management and prepare them for a career in the corporate world.Â
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Q. What are the jobs available for Indian students after an MBA in the USA?
A. After completing an MBA in the USA, Indian students can pursue a variety of job roles, including:
– Management consulting
– Investment banking
– Marketing and sales management
– Operations management
– Business development and strategyThese job roles can be found in finance, technology, healthcare, consumer goods, and more industries.Â
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Q. Are MBA in the USA fees expensive for Indian students?
A. Yes, MBA in the USA fees can be quite expensive for Indian students. However, there are ways to make it more affordable, such as scholarships, financial aid, part-time jobs, and education loans. It ultimately depends on the individual’s financial situation and priorities.
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Q. What are the top recruiters after completing an MBA in the USA?
A. After completing an MBA in the USA, some of the top recruiters include:
– McKinsey & Company
– Boston Consulting Group
– Amazon
– Deloitte
– Goldman SachsThese companies are known for offering highly competitive salaries and benefits to MBA graduates.
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Q. How many billionaires are MBA graduates in the USA?
A. According to the Forbes Billionaires list, 11 out of the top 100 billionaires in the USA hold an MBA degree. For instance, Warren Buffett, who is the third richest man in the world, holds a Bachelor’s degree in Business Administration from the University of Nebraska.
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Q. Can I settle in the USA after pursuing an MBA degree?
A. Yes, it is possible to settle in the USA after pursuing an MBA degree. However, it depends on various factors, such as visa regulations, job opportunities, and personal preferences. Graduates can explore various options, such as applying for a work visa, finding a job through campus placements, or starting their own business. It is essential to research and plan well in advance before making any decisions.
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Q. Which Visa is required for Indian students to pursue an MBA in the USA?
A. Indian students who wish to pursue an MBA in the USA require an F-1 visa. This non-immigrant student visa allows students to study full-time in the USA for a specific period. Students must provide proof of acceptance from a recognised USA university and show sufficient financial resources to support their studies. Additionally, students must maintain their visa status by meeting specific requirements, such as attending classes regularly and making acceptable academic progress.
