see more posts
A Guide to Getting an MBA in the USA
6 min

A Guide to Getting an MBA in the USA

Education
May 25, 2022
/
6 min

Graduating class of MBA students
All About MBAs!

What is an MBA

An MBA or Master of Business Administration is a postgraduate course that students can enrol in to pursue higher education. Initially introduced by Harvard Business School in 1908, MBAs have gained immense popularity, particularly among international students. An MBA is ideal for anyone looking to advance into management positions or managerial roles in any field. An excellent program will cover everything from finance and accounting to sales and marketing, assisting both budding entrepreneurs and established business owners develop good business practices.

Why the USA

With over 500 universities that offer MBA programs and more than 100,000 graduates every year, the United States is an incredibly popular destination for international students who want to get an MBA. An MBA in the USA can be either one or two years long and can be completed either full-time or part-time. Doing an MBA part-time allows students to work alongside their education and use the skills they pick up simultaneously. But, why should you choose to get an MBA in the USA over any other country?

Quality of Education: The United States is well known for housing some of the best universities in the world. The top business schools in the USA employ professors at the forefront of their fields and often provide a range of resources for students to tap into, making for an incredibly enriching academic experience.

Employment Opportunities: Another reason to choose an MBA in the United States is that the job market in the United States is constantly expanding, with numerous Fortune 500 companies headquartered in the country, not to mention the hundreds of new start-ups being launched every year. Graduates from some of the best business schools in the USA report starting salaries that are higher than what you would find in other countries.

Exposure: If you pursue an MBA in the USA, you will get the opportunity to interact with people from all walks of life. The USA has a highly diverse population, and college campuses are no exception. Most MBAs in the USA will also encourage students to take up part-time work as they are studying, often integrating various internships and experiential learning into the course itself. It ensures that students come away from the course with theoretical knowledge and hands-on experience.

Why get an MBA

An MBA isn’t limited only to students who have studied Business Administration at an undergraduate level. Students from all disciplines can apply for an MBA in the USA to enhance their skills and career prospects. Doing an MBA has many benefits.

Expand your skillset: One of the most significant advantages of doing an MBA is that it teaches you valuable skills. Your time management, leadership, analytical, strategic, communication and public speaking skills will considerably improve after completing an MBA course in the US. Whether you want to start your own business or climb to the top of the corporate ladder, an MBA is the first step toward focusing and optimising your abilities.

Grow your network: Doing an MBA in the USA also allows you to meet like-minded, ambitious, enterprising individuals. From your peers to your professors, you can use your time at best business school to form professional connections that will likely prove useful later in your career.

Increase your job prospects: Having an MBA on your resume from one of the best business schools in the USA is a great way to set yourself apart from other applicants. It shows hiring managers that you have what it takes to succeed in a managerial role. Graduates from MBA programs in the USA also record incredibly high starting salaries, with the median being around $115,000. 

MBA Specializations

Students can choose from several different MBA specialisations in the USA. Here are some of the most popular and in-demand specialisations:

Finance: A Finance MBA in the 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 in the USA for an MBA in Finance:  

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 the USA is a great choice.

Best Business Schools in the USA for an MBA in Entrepreneurship:

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.

Best Business Schools in the USA for an MBA in Information Systems:

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.

Best Business Schools in the USA for an MBA in Project Management:  

Product Management: A product management MBA in the USA 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 skillset.  

Best Business Schools in the USA for an MBA in Product Management:

Here are a few more specializaions you can consider if you're pursuing an MBA in the USA:

MBA Eligibility Criteria

As an international student, there will be certain requirements you will have to meet if you want to apply for an MBA in the USA.

Basic Eligibility:

  • 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 the US.
  • Most universities require that applicants have a minimum of 2-3 years of work experience.

Tests:

  • Applicants will need to give a test to prove their English proficiency, like the IELTS or TOEFL.
  • Applicants will be required to 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:

  • Letter of recommendation
  • Resume
  • Statement of Purpose
  • Previous Transcripts

FAQs

What is a good GMAT / GRE score?

A GRE score of 300 is above average, while 320 and above will get you into most top colleges. A GMAT score of 700 and above is good enough for most top colleges. 

Can I do an MBA in the USA without GRE/GMAT?

Most universities will require you to submit your GMAT or GRE score, but some universities will make exceptions for students with impressive work experience. 

How much will an MBA cost?

The cost of an MBA program differs based on the university but on average; a two year MBA course will cost around $50,000-60,000 a year. Apart from tuition fees, students will also have to consider living costs and general expenditure on things like textbooks, food and miscellaneous items.  

Conclusion

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 the USA could be one of the most thoughtful decisions you make. We have guided you through the basics of pursuing an MBA in the United States, and now it’s up to you to decide whether this is the right path for you.