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MBA in USA 2024: Universities, Eligibility, Fees & Jobs

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By:CANAM Group
Updated On:Feb 09,2024 01:07 PM IST

USA stands as a top choice for Indian students pursuing exceptional education and promising career prospects. The dream of studying an MBA in the USA attracts many international students due to its unparalleled education quality and the presence of world-renowned MBA universities. Read the blog to discover the universities that offer MBA programs, understand eligibility criteria, explore job prospects, and much more.

The United States has emerged as a top study abroad destination for Indian students aspiring to pursue higher education abroad and promising career opportunities. Renowned for hosting the highest number of top business schools globally, the USA boasts globally accredited programs to study MBA in USA.

An MBA degree is coveted by many due to its capacity to equip students with invaluable insights into real-world business trends and adeptness in handling them. However, achieving this dream requires comprehensive awareness of various facets of the degree. To aid in this, the blog provides comprehensive guidance covering average MBA fees, the top MBA universities in the USA, associated costs, and other crucial aspects of pursuing this esteemed degree.

Why Study MBA in USA?

The US stands out for hosting globally coveted business schools, offering cutting-edge facilities, higher study prospects, and promising career pathways for MBA aspirants. Several compelling reasons support the value of pursuing an MBA in USA:

Experiential learning emphasis	Universities in USA prioritize hands-on learning through internships, co-ops, and diverse training programs, facilitating interactions with industry leaders to prepare students for upcoming industry demands.
Abundant career prospects	USA houses numerous company headquarters, increasing the chances of securing positions in esteemed firms. Job roles in USA often entail crucial leadership-oriented responsibilities for pivotal decision-making roles.
Multicultural environment	The USA remains the top choice for international students seeking education abroad, drawing individuals from across the globe. It provides a secure and hospitable environment for both students and professionals. American universities foster cultural diversity, promoting comprehensive development among students for this very reason.

MBA in USA for Indian Students

In the landscape of business education, pursuing an MBA in the United States offers a diverse array of options catering to different aspirations and schedules. Indian students predominantly prefer colleges offering full-time MBA courses in USA, typically spanning a duration of two years. The initial year emphasizes fundamental business concepts relevant to current economic scenarios. During the second year, students delve into specialized subjects aligned with their interests, such as marketing, accounting, operations, or finance. Some universities even offer accelerated one-year MBA programs.

MBA intakes in USA

Unlike the Indian institutions that typically have a single intake, Colleges and universities present three intake opportunities in USA , sometimes referred to as semesters. These three intakes consist of:

Autumn/Fall	Highly favored by Indian students, this intake commences in August.
Spring	Commencing in January, the Spring intake
Summer	Offered by select programs and institutions, this intake, which usually starts around May, is available on a limited basis.

Application Process to Study MBA in USA

Applying for an MBA in the USA involves a few important steps. Understanding the admission process to study in USA can make the journey smoother. Below is a step-by-step to study in USA with the help of India’s leading study-abroad consultant – Canam.

Admission Requirements	Every university has admission requirements; which students must fulfil to study in any program there. These admission requirements depend on the university and program chosen by students. The standard requirements are previous education and English language proficiency. At the same time, for other programs, one may also be required to have work experience. Hence, students must check the requirements before applying to the program.
Choose Your University & Course	The next step is to choose a university and program in USA. The factors one can consider when choosing a university are recognition, location, fee, campus placement, etc. After selecting the university, they must choose a program that matches their interests and career goals.
Take the Language Proficiency Test	Depending on the program, students may be required to take English language proficiency tests such as IELTS, PTE, TOEFL or Duolingo. Non-native speakers would be required to take these tests to prove their English proficiency by getting minimum scores as defined by the university.
Apply to Universities	Remember the second step, where we shortlisted some universities? Now it’s time to contact them. But our readers can take the assistance of expert counsellors at Canam. They will guide the students at every step of the application process for USA and ensure the application is submitted successfully.
Apply for a Study Permit	Students would be required to apply for a study permit if they are going to pursue a program over six months. With the application, the student must attach their passport and documentary proof. Throughout the application process, students should keep checking for updates regarding the deadline. This will ensure that they apply well in time for a particular intake.

Eligibility criteria to Study MBA in USA

The requirements to pursue an MBA in the USA go beyond just grades. Understanding eligibility criteria is important for anyone planning to study for an MBA in USA.

• A minimum of 16 years of education i.e., four-years of an undergraduate degree must be completed after school. However, some universities also accept 15 years of education

• Test scores of your English language proficiency test such as IELTS

• Test scores of GMAT or GRE with a minimum score of 600 or 300+ respectively
• A minimum of two to three years of work experience for some institutions

Documentation Required for MBA in USA

Students need to produce all kinds of necessary documents to process admission in the USA. Here are some of the most important documents for admission in MBA programs in USA:

MBA Universities in USA

Below are the Universities that offers Indian students a chance to pursue an MBA in USA:

UNIVERSITIES	PROGRAMS
Arkansas State University	• Master of Business Administration (STEM) • Master of Business Administration With Concentration in Business Analytics (STEM)
California Lutheran University	• Master of Business Administration • Master of Business Administration With Emphasis in Finance
California State University	• Master of Business Administration with Concentration in Analytics for Managers • Master of Business Administration in Business Administration with Concentration in Marketing Management
Devry University	Master of Business Administration
San Jose State University	Master of Business Administration
The University of Alabama at Birmingham	Integrated Master Program (IMP) - Master of Business Administration
Troy University	Master of Business Administration With Concentration In Management
University of North Alabama	• Executive Master of Business Administration • Master of Business Administration with Concentration in Accounting

MBA Fees & Cost of Living in the USA

Studying and living in the USA is quite different than one’s home country, especially in terms of financial aspects. The tuition fee including living costs can be hard to manage at times. The average cost of an MBA in the USA is between $1,60,000 and $1,80,000 per year, including the course fees, which range from 60,000 to 80,000 USD per annum, along with the living expense, which costs around 8,000 USD to 10,000 USD per month.

Students need to be prepared for various expenses such as rent, groceries, dining, transportation, health insurance, and other additional costs. Moreover, the monthly expenditure varies based on the chosen location and preferred lifestyle. It is significant to note that the cost of an MBA in the USA for an Indian student strongly relates to their selected university and lifestyle.

Job Prospects after MBA in USA

Getting a job after MBA in the USA as an international student can be exciting, but navigating through the process requires strategic planning and understanding of the job market. Here are some job roles one can opt for after completing an MBA degree in the USA:

Operations Manager	Oversees daily operations, ensuring efficiency and smooth processes within an organization.
Project Manager	Plans, executes, and manages projects, ensuring they align with objectives and deadlines.
Human Resource Manager	Manages HR functions, including recruitment, training, and employee relations.
Sales Manager	Leads a sales team, setting targets and strategies to maximize revenue.
IT Consultants	Offer expert advice on IT strategies and implementations to improve efficiency.
Business Development Director	Identifies growth opportunities and creates strategies to expand business.
Senior IT Manager	Holds a senior position in IT management, overseeing complex projects and teams.
Finance Manager	Manages financial planning and reporting, ensuring sound financial practices.
Data Analyst	Analyzes data to derive insights and support decision-making processes.
Business Development Manager	Identifies and pursues opportunities to grow a business's revenue.
Marketing Manager	Develops and implements marketing strategies to promote products/services.
Management Consultant	Advises organizations on improving efficiency, processes, and strategies.

Conclusion

The diversity and exposure in USA present a wealth of opportunities for aspiring business leaders. The immersive experience of studying in USA not only equips students with invaluable knowledge but also fosters a global perspective crucial for success in today's competitive business landscape. Pursuing an MBA in the USA not only opens doors to exceptional education but also cultivates skills and networks essential for a thriving career on a global scale. Students seeking assistance in applying to universities in USA can connect with Canam Consultants – India’s leading study abroad consultants.

FAQ

What is the typical duration of top MBA programs in the USA?

The majority of full-time MBA programs in the USA generally extend over a two-year period.

How important is the GMAT/GRE score for MBA admissions?

While a strong GMAT/GRE score holds significance, MBA admissions review various elements such as professional experience, recommendation letters, essays, and interviews.

Is studying for an MBA in the USA worth it?

Doing an MBA from the most developed economy has its benefits. An MBA degree offers strong knowledge about business development, administration, and leadership and helps build a strong network and explore lucrative opportunities.

What are the application requirements?

Most programs require GMAT/GRE scores, undergraduate transcripts, essays, letters of recommendation, and work experience.

What is the cost of living in the USA?

Costs vary greatly depending on location. Research city-specific budgets for student expenses like housing, food, transportation, and entertainment.

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MBA in USA 2024: Universities, Eligibility, Fees & Jobs

Table of Contents

Why Study MBA in USA?

MBA in USA for Indian Students

MBA intakes in USA

Application Process to Study MBA in USA

Eligibility criteria to Study MBA in USA

Documentation Required for MBA in USA

MBA Universities in USA

MBA Fees & Cost of Living in the USA

Job Prospects after MBA in USA

Conclusion

FAQ

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Central Queensland University - Rockhampton, North Campus Queensland

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Deakin University - Geelong Waurn Ponds Campus Victoria

Engineering Institute of Technology - Perth campus Western Australia

Griffith University - Nathan Campus Queensland

La Trobe University - Bendigo Campus Victoria

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