Study MBA in the USA - Top Universities, Application Deadlines, Documents Required, Scholarships

by rishika.saluja

According to the Financial Times’ Global MBA Rankings’ report, 51 of the top 100 MBA programs in the world, are from the US Business Schools. Additionally, more than 50% of the total foreign students apply to a Management program in the US every year, making Management as one of the most sought-after courses.

The USA hosted about 1.1 million international students in 2017, retaining its no. 1 spot for accommodating a maximum number of foreign students. Despite the entering-USA freeze taking place, thanks to this Trump era, a large number of foreign students are heading towards the USA in search of best quality education, high employment opportunities and standard of living. International students make up to 5% of the total 20 million college students studying in the USA, as per the Washington Post.

Types of MBA 

MBA in the USA is offered under the following 4 categories:

  1. Full-time MBA
  2. Part-time MBA
  3. Executive MBA and
  4. Online MBA

Specializations Offered

AccountingProduction/Operations
EntrepreneurshipInformation Systems
FinanceManagement
Supply Chain/ LogisticsNon-Profit
MarketingInternational

Top Universities in the USA for MBA

Given is the list of top US universities 2019 with their THE World Rankings for Business & Management and QS Global MBA Rankings

University NameTHE World Rankings in Business and ManagementQS Global MBA RankingsPercentage of international students
Massachusetts Institute of Technology1534%
Stanford University2123%
Duke University52010%
University of California6-17%
Harvard University7226%
Yale University91620%
University of Pennsylvania10320%
University of Chicago11825%
Northwestern University121419%
Columbia University131037%

Business Schools in the US with the Most International Students (Full Time) 

In 2018, the US News released a list that ranked business schools in the USA on the basis of their enrollment of full-time international students in fall 2017. The list is as follows:

University NamePercentage of International Students
Stevens Institute of Technology Hoboken, NJ94.2%
Worcester Polytechnic Institute Worcester, MA92.1%
Hult International Business School – Boston Cambridge, MA90.2%
Indiana University of Pennsylvania (Eberly) Indiana, PA82.7%
North Dakota State University Fargo, ND80%
Syracuse University (Whitman) Syracuse, NY73.1%
Babson College (Olin) Babson Park, MA72.3%
University of California-Riverside (Anderson) Riverside, CA69.7%
University of Connecticut Storrs, CT64.5%
University of Massachusetts - Dartmouth North Dartmouth, MA63.6%

Application Deadlines for Round 1, Round 2 & Round 3 for fall 2019 

Business School NameLast Date for Application – Fall 2019Board’s Decision Date
Harvard Business SchoolRound 1 - 05 September, 201811 December, 2018
Round 2 – 04 January, 201926 March, 2019
2+2 Applicants
09 April, 201929 May, 2019
Yale School of ManagementRound 1 – 12 September 201805 December, 2018
Round 2 – January 07, 201902 April, 2019
Round 3 – April 16, 201921 May, 2019
MIT Sloan School of ManagementRound 1 – 25 September, 201819 December, 2018
Round 2 – January 22, 201902 April, 2019
Round 3 – April 08, 201901 June, 2019
Stanford Business SchoolRound 1 – 18 September 201813 December 2018
Round 2 – 10 January 201928 March 2019
Round 3 – 03 April 201916 May, 2019
Booth School of Business (University of Chicago)Round 1 – 27 September, 2018-
Round 2 – 03 January, 2019-
Round 3 – 4 April 2019-
Wharton Business School (University of Pennsylvania)Round 1 – 18 September, 201813 December, 2018
Round 2 – 3 January, 201921 March, 2019
Round 3 – 2 April, 201909 May, 2019
Kellogg School of Management (Northwestern University)Round 1 – 19 September, 201812 December, 2018
Round 2 – 9 January, 201927 December, 2019
Round 3 – 10 April, 201915 May, 2019
Fuqua School of Business (Duke University)Early Action – 12 September, 201819 October, 2018
Round 1 – 10 October, 201813 December, 2018
Round 2 – 3 January, 201918 March, 2019
Round 3 – 20 March, 201929 April, 2019

Admission Deadlines for top business school in the USA are given above. To know about the admission deadlines for other courses and universities, Click here.

Admission Requirements to study MBA in the US 

To apply for an MBA program in the USA is a tedious task, given the fact that there are numerous universities and colleges available in there. Hand-picking a few of them as per your preference from a pool makes it difficult yet necessary especially for an international student, who is about to spend so much on education. So, to make your work a little less difficult, below is the list of documents you need to submit for applying to an MBA program in the USA.

Documents Required 

  1. Academic Qualification and Transcripts

You have to submit a scanned copy of all the transcripts from the schools you have attended, in the English language.

As the degrees offered in different countries vary, the Business Schools in the USA have separately listed the type of degrees accepted from different countries. Most of the universities for MBA in the USA require you to have studied for 16 years with 12 years of schooling and 4 years of an undergraduate degree.  Additionally, if you have done graduation too, then you are required to submit a copy of that

  1. GMAT or GRE score

GMAT and GRE scores are the most widely accepted scores for graduate programmes in all the universities across the USA.  You have to submit either of the scores while filling the application form.

MBA in the USA without GMAT

Most of the top universities require you to have appeared for GMAT before applying to their MBA program, especially if you are doing a full-time MBA. But there are many who, in lieu of your GMAT score, give importance to your academic credentials and work experience. The three major types of MBAs where GMAT is not considered required are:

  1. Executive MBA
  2. Online MBA
  3. Lesser known full-time MBA

Executive MBA – As this program is made for the experienced managers who have a good amount of work experience in their field already, they are not required to submit the GMAT score.

Online MBA – This type of MBA program is of the distance category. These Online MBA degrees do not ask for a GMAT score from you.

Lesser known full-time MBA – Leaving aside the top MBA universities in the USA, a few of the lesser-known B-Schools don’t ask you for a GMAT score while filling the application form. They base their selection aspects other than this GMAT entrance test criterion.

  1. TOEFL, IELTS and PTE scores

TOEFL, IELTS and PTE are the exams whose scores tell about your communicating abilities in the English language. It is a mandatory test for all those aspirants who have done their bachelor’s and masters from an institution where English was NOT the sole medium of instruction.

  1. Letter of Recommendation

The applicants have to submit 2 Letters of Recommendation. These letters have to be from those two individuals who have been related to your professional area and have judged your work being your supervisor. In those letters, they should be able to talk about your professional achievements and work potential.

  1. Resume

It should be a one-page resume containing details of your employment history and academic qualification in the reverse chronological order. In the resume, include the work experience you have gathered over the years specifying the company name, job profile and skill sets.

  1. Cover Letter

This letter supports the resume you have sent. It highlights and elaborates the achievements you have stated in your resume.

Cost of studying MBA in the USA

The tuition fees of studying MBA in the USA from a reputed university is approximately between USD 45, 000 per year to USD 80,000 per year as the cost mainly depends upon several factors such as the type of university, duration of the program, etc.

Is MBA from the USA without Work Experience possible?

Work experience is one of the important points that the application reviewing committee looks into while assessing the application. In their application instructions, many of the top B-Schools have mentioned about their preference for work-experience in the applicants’ application forms.

Having said that, it is not mandatory. If the applicant has solid academic credentials, they can sometimes become a substitute for their no-work-experience element. Business Schools such as Stanford, Harvard, Chicago Booth, MIT, Columbia, etc., have not made work-experience compulsory and take freshers in their MBA program.

Also, there are universities which offer you an MBA program combined with work experience. For instance, the Harvard Business School 2+2 program, where for the first two years(maximum 4 years) you have to work in an American company at a professional position and then you will be admitted to a 2- year full-time MBA program. For this, you can either be an undergraduate or a graduate but must not have held any full-time work position prior.

Study MBA in the USA through Scholarships

There are various scholarships offered by the external foundations, host universities and other institutions to study in the USA across many program and universities. Click here to check all the types of scholarships available.

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