Have you ever wondered what the MBA degree everyone talks about and travels worldwide to get is? Well, the MBA is the most widely accepted graduate management degree in the world. Both employers and students are enamoured with it. Each year, tens of thousands of ambitious professionals apply to various MBA programmes.
Since an MBA programme is a generalist degree, it provides you with core management knowledge. As a result, you'll gain a comprehensive understanding of business, including marketing, finance, and accounting, all while honing those crucial soft skills and leadership abilities.
CEOs of large multinational corporations, prosperous business owners, and previous presidents are just a few notable MBA alumni. They all hold MBAs, including Sheryl Sandberg, Michael Bloomberg, Tim Cook, Satya Nadella, and Sundar Pichai.
Therefore, what can you accomplish with an MBA? What varieties of MBA programmes are offered? And does an MBA pay off?
Why do MBA in US
Doing your MBA in US has many benefits; as American universities focus on giving practical and hands-on knowledge more than bookish theoretical knowledge, it also has a significant value in your CV as the employer is always looking for someone who has a degree from a renowned university and who has hands-on practical experience.
Pursuing your MBA in US will help not only your professional growth but also your personal growth in terms of the following:
- International Exposure
- A higher salary
- You learn how multinationals work as a whole
- Learning how to incorporate multi-sector skills
- Adds creativity
- More job opportunities start to knock on the door
- You have a strong network of professionals working in your as well as different fields
- Your self-confidence gets a boost, and Improves your communication skills
- You get trained to decision making and master stress and pressure
Top programs for MBA in USA
Best MBA Colleges In The USA
Now that you have an idea of what an MBA in US looks like let’s see which universities are known to be the best business schools in the US!
University of Chicago Booth School
The University of Chicago's Booth School of Business has a distinct intellectual culture. Each year, they take on 1,179 new students for their programme. Reputable companies employ 95.1% of university graduates after graduation. The average yearly cost of the MBA program's tuition is $77,200. Additionally, the total cost of the executive MBA programme is roughly $194,000 for individuals who desire to enrol.
MIT Sloan School of Management
The Booth School of Business at the University of Chicago has a distinctive intellectual culture. They enrol 1,179 new students in their programme each year. After graduation, 95.1% of university graduates get work at respectable companies. The average annual tuition for the MBA programme is $77,200. In addition, those who are interested in enrolling must pay a total of about $194,000 for the executive MBA programme.
Kellogg School of Management
The MBA programme at Northwestern University's Kellogg School features a challenging curriculum, a diversified faculty, and unmatched worldwide learning opportunities. The university's main campus in Evanston, Illinois, accepts 1,304 new students each year. The cost is roughly $96,992 per year for ordinary, full-time students. The executive programme, on the other hand, costs $108,918.
Haas School of Business (University of California)
MBA candidates might consider the University of California's Haas Business School. Berkeley, California, is home to the university. Each year, 330 students are hand-selected for their prestigious MBA programme. 75.50% of graduates are successful in landing profitable positions after graduation. Full-time students pay $64,246 in tuition, while part-time students pay $3,464 per credit. Additionally, the executive master's programme at the university costs $194,000 for both in-state and out-of-state students.
Columbia Business School
There is no better place for students looking for an MBA programme in New York than the Columbia Business School at Columbia University. In the university's MBA programme, 1,297 applicants are enrolled. Regular students pay $77,376 in tuition each year. After graduating, 92% of full-time Columbia Business School graduates secure employment. Those who wish to apply to the Columbia Business School should.
New York University (Stern)
The Stern School of Business at NYU welcomes hundreds of applicants worldwide for its full-time MBA programme. You can specialise in six more areas of interest in addition to consulting, entrepreneurship, finance, retail, and marketing. Stern's full-time MBA programme, one of the best in the country, costs $76,780 a year, but the return on investment is a compelling argument for applying. You'll notice significant corporations hiring from the Stern School of Business, including HBO, JP Morgan, Novartis, Greenwave, and many others.
University of Pennsylvania
You can acquire the business and leadership skills you need to achieve your goals throughout your career at the Wharton School at the University of Pennsylvania. There are 1,742 students enrolled in their MBA programme, which is exclusively available full-time. The average annual tuition for regular students is $80,432. Recent data shows that 98.5% of Wharton MBA graduates receive full-time job offers within one year of graduation.
Stanford University
With an MBA from Stanford, you may flourish as a member of a group of leaders who significantly affect the world. Stanford University's MBA programme is an excellent choice for those seeking a demanding education. Each year, 855 people may join in the programme. Additionally, 94% of recent grads who worked full-time found employment after graduation. Additionally, Stanford's annual tuition is roughly $80,590.
Harvard Business School Boston
Everyone who applies for an MBA degree dreams of attending the Business School at Harvard University. Based in Boston, Massachusetts, the annual cost of an MBA programme for full-time students is roughly $68,440. The university assesses 1,873 applicants for admission to its esteemed programme every year. 90% of Harvard MBA grads land jobs at respectable organisations after graduation.
Yale University
The School of Management at Yale University should be your first choice if you're looking for top MBA programmes. The college has its headquarters in New Haven, Connecticut. Regular full-time students pay around $72,350 in tuition each year. The total cost of the programme for executive students is almost $1,98,500. Every year, 350 students are chosen by the institution for its esteemed programme.
Top programs for MBA in USA
Students can choose from several different specialisations for MBA in USA. Here are some of the most popular and in-demand specialisations:
MBA in Finance
A Finance MBA in USA teaches students to understand market trends and nuanced economic principles. An MBA in Finance is an excellent choice for students who want to get a better hold on the financial side of their business.
Best Business Schools for MBA in US to pursue Finance:
- The Wharton School at the University of Pennsylvania
- The Booth School of Business at the University of Chicago
- The Leonard N. Stern School of Business at New York University
MBA in Entrepreneurship
If students want to learn good business and be equipped with all the knowledge they need to build a sustainable, successful business, an Entrepreneurship MBA in US is a great choice.
Best Business Schoolsfor MBA in US to pursue Information Entrepreneurship:
- The F.W. Olin Graduate School of Business at Babson College
- The Graduate School of Business at Stanford University
- The Sloan School of Management at the Massachusetts Institute of Technology
- Information Systems: Data is currently one of the most valuable assets a company can have. Accessing and storing data has become increasingly crucial for running a successful business, making an Information Systems MBA in the USA an excellent option for students.
MBA in Information Systems
An MBA in information technology is what? An MBA in IT combines the standard business knowledge of an MBA with specialist courses in information security, telecommunications, and IT project management, to mention a few. This degree will provide you the abilities necessary to manage both IT systems and personnel.
Best Business Schools for MBA in US to pursue Information Systems:
- The Sloan School of Management at Massachusetts Institute of Technology
- The Tepper School of Business at Carnegie Mellon University
- The Eller College of Management at the University of Arizona
- Project Management: An MBA in project management is an excellent way for students to learn everything there is to know about how to complete a project from start to finish.
MBA in Project Management
A 2-year full-time postgraduate management course called MBA Project Management is available. This course cultivates leadership qualities and prepares students to act decisively and strategically in real-world situations.
Best Business Schools for MBA in US to pursue Project Management:
- The Sloan School of Management at Massachusetts Institute of Technology
- The W. P. Carey School of Business at Arizona State University
- The Stephen M. Ross School of Business at the University of Michigan--Ann Arbor
- Product Management: A product management MBA in US will teach you everything there is to know about creating and managing a product from start to finish. A good program will cover everything from ideation to distribution and help you expand your knowledge and skill set.
MBA in Product Management
It is part of your multifaceted responsibilities as a product manager to oversee marketing, sales, advertising, strategy, and positioning, get knowledge from customer feedback, respond to complaints about the product, examine the analytics, and boost income through conversion optimisation.
Best Business Schools for MBA in US to pursue Product Management:
- The Business School at Harvard University
- The Graduate School of Business at Stanford University
- The Kellogg School of Management at Northwestern University
- Here are a few more specialisations you can consider if you're pursuing an MBA in US.
What Are The Requirements For MBA In US?
As an international student, there will be specific requirements you will have to meet if you want to apply for an MBA in US.
Eligibility for MBA in US:
- Applicants must have a minimum of 16 years of education.
- Applicants must hold a bachelor’s degree from a well-reputed university to get an MBA in US.
- Most universities require that applicants have a minimum of 2-3 years of work experience.
Entrance tests to pursue MBA in US:
- Applicants will need to give a test to prove their English proficiency, like the IELTS or TOEFL.
- Applicants must show their GRE or GMAT scores to the university.
University Specific:
Depending upon University, you’re applying to for your MBA Degree, you may need to submit the following:
- Letter of recommendation
- Resume
- Statement of Purpose
- Previous Transcripts
What Is The Cost Of MBA In US?
Getting an MBA in US isn’t very affordable, it requires proper money management, a sense of spending and budgeting to be able to survive your time with enough money. You can always take the help of on campus jobs to earn a few extra dollars or if you are worried about your tuition fees, you can check out how to earn a scholarship in the US.
On an average, a student can end up spending anywhere from $50,000 – $60.000 per year while pursuing their MBA in US. When we talk about the cost of living, a student should have a budget of $1,000 – $2,000/month when pursuing their MBA in US.
The USA is home to some of the best business schools globally and is a brilliant destination for those who want to get ahead in their career. Deciding to pursue an MBA in US could be one of the most thoughtful decisions you make. We have guided you through the basics of pursuing an MBA in US, and now it’s up to you to decide whether this is the right path for you.
.jpg)
