Looking to go to the USA for MBA? Check Out Top Universities, Fee Structure, Intake, and Admission Process. ....
Dec 04, 2019 04:57:32
The united states of America are home to several prestigious and remarkable universities. Living the American dream for golden opportunities has been an ambition for students around the globe. It is especially dominant for post-graduate degrees like MBA. The exceptional education quality for masters comes with excessive requirements. There are many things for you to consider before you can move further with your dreams.
A degree in MBA is proof that a person is proficient in business and management. In today’s economically evolving and challenging world, the degree is an invaluable asset for any individual seeking rich working prospects. From starting their business to applying for a dream job in the corporate world, an MBA degree proves to be the most vital asset. This factor is multiplied, the appeal and the benefits of the degree multiplies when it arrives from a prosperous and developed country with a commendable education system like the USA.
Several universities stand amongst the top-ranking institutes around the globe, in the USA. There are famous Harward, Yale, and Stanfords, and there is no doubt that they will make it to the list. Here is the list of all the top fifteen universities, according to their ranking in the provisions of MBA qualification. Keep note that these are according to the quality of education regarding an MBA degree; it is not an overall ranking. There is also the statement of their annual fees in Indian Rupees. It is according to their per-yearly fees and does not take other expenses like living and leisures, under consideration.
Ranking |
Name |
Location |
Annual Fees INR (Approx) |
1st |
Harward University |
Cambridge, USA |
80 Lakhs |
2nd |
Stanford University |
Stanford, USA |
73 Lakhs |
3rd |
The University of Chicago |
Chicago, USA |
62 Lakhs |
4th |
University of Pennsylvania |
Philadelphia, USA |
69 Lakhs |
5th |
Massachusetts Institute of Technology |
Cambridge, USA |
73 Lakhs |
6th |
Northwestern University |
Evanston, USA |
1 crore |
7th |
Columbia University |
New York, USA |
65 Lakhs |
8th |
Princeton University |
Princeton, USA |
51 Lakhs |
9th |
University of California – Berkeley Campus |
Berkeley, USA |
65 Lakhs |
10th |
University of Michigan |
Ann Arbor, USA |
62 Lakhs |
11th |
New York University |
New York, USA |
78 Lakhs |
12th |
Duke University |
Durham, USA |
82 Lakhs |
13th |
University of California – Los Angeles Campus |
Los Angeles, USA |
66 Lakhs |
14th |
Yale University |
New Haven, USA |
72 Lakhs |
15th |
Dartmouth College |
Hanover, USA |
60 Lakhs |
Many factors are contributing to the overall annual cost of pursuing an MBA in the USA. While the table mentioned above lists down the top universities, there are many other options available for people to opt for. Cheaper and sustainable in a similar manner, and they will still offer remarkable prospects to the students. The matter of fact is that regardless of the institute you choose, as long as it is a decently founded system, you can flourish greatly in the international platform, or in the USA.
There are two modules of colleges available in the USA that determine their fees structure.
1. Public College: These tend to be more affordable and offer cheaper fees structure than the private colleges. The average range of tuition fees per year is around ten to twenty thousand USD per year.
2. Private College: The average tuition cost of a private college starts from 15 to 35,000 USD. However, the prestigious universities have higher fees structure.
Apart from the college fees and other leisures, the cost of living in the USA can be around 1,200 USD per month. The average rent is around 500, and groceries cost about $150. But there are also other essentials like Phone and utilities to consider. Hence, it would be around $1,200. That is when a person is careful about their expenses.
MBA from America is one of the most sought after qualifications. However, as flourishing as it is, it still requires a similar level of expertise and qualifications. The following are the eligibility requirement for a student to persuade an MBA in the USA:
Apart from the above-mentioned requirements, admission procedures have additional documentation requirements like:
The admission procedure is divided into three-part:
There are around three prevalent modules of opting for an MBA in the USA.
However, the standard two years MBA degree remains a primary choice for the majority of people around the globe.
There are different levels of international grades that universities get divided into. Regardless of the grades, the majority of USA institutes have attained international recognition of their degree programs. In simple words, an MBA from the USA is valid all around the globe. Although there may be some additional examination or qualification requirements in different countries, as per their customs, MBA remains a standard qualification.
For many of the nations, by persuading an MBA in some of the top universities, you’re opening yourself for a plethora of opportunities. Countries like India, Africa, and others acknowledge MBA from the USA in high regard. It has an international platform, and you will be exposed to a potential job market, especially of the USA, for the two years of the MBA course. There are several rich prospects one can apply for, and the returns are great.