With more than 50 Business Schools of USA ranking among the top business schools abroad. The higher education institutions in the USA have turned their names into high-quality brands. With education giants like MIT, Harvard, Stanford, UPenn Wharton offering a variety of business programs, for students planning to study in USA is rewarding both in terms of learning opportunities and post-degree careers.
Gaining higher education in US is every management aspirants dream. The Top 3 Universities in the MBA Rankings 2020 by QS comes from the US. Although MBA is the main focus of these top universities, they also provide Undergraduate and postgraduate degrees in certain cases. Top 5 US MBA colleges are listed below along with their Global MBA Rankings and the types of degrees offered are listed below:
University name | QS Global MBA Rankings 2020 | Degrees offered | Salary Increase (%) Post MBA |
---|---|---|---|
Stanford Graduate School of Business | 1 | MBA | 117 |
Wharton School University of Pennsylvania | 2 | BBA, MBA | 107 |
MIT Sloan | 3 | MBA | 119 |
Harvard Business School | 4 | MBA | 110 |
Columbia Business School | 8 | MBA | 123 |
As per QS MBA by Specialisation Rankings 2021, Universities in US grabbed the top positions in many of the fields. Students here take many combinations of subjects or electives. In the first year, most students follow the same course of study which is the required curriculum and FIELD. Some of the most common specializations along with the stream are mentioned below:
Course Name | Specializations | University offered in |
---|---|---|
Bachelor of Business Administration (BBA) | Accounting | University of Pennsylvania, USC Marshall, Georgetown University, Bentley University |
Legal Studies | University of Pennsylvania, Georgetown University | |
Global Management | University of Pennsylvania, University of California-Berkeley, | |
Bachelor of Arts | International Studies | St Louis University, Texas State University |
Bachelor of Science | Business Analytics | Southern New Hampshire University, Bentley University, Trinity University |
Masters of Business Administration (MBA) | Human Resources | Stanford University |
Consulting | Columbia University, Harvard University | |
Finance | MIT Sloan, Harvard University, Stanford University, Chicago Booth | |
Technology | MIT Sloan, UC Berkeley, Stanford University | |
Information Management | MIT Sloan, North Western University- Kellog, Stanford University | |
Marketing | Harvard University, Stanford University, Chicago Booth | |
Master of Arts | International Business/ Economics | American University, Hofstra University, University of Oregon |
PhD | Finance | Washington University, Temple University |
PhD | Marketing | Washington University, University of Dallas, Temple University |
PhD | Business Administration | University of Dallas, Temple University |
Though there are a plethora of options available to international students who want to pursue business studies in the USA, MBA is one of the most popular options. Some of the different types of MBA programs available for studying in USA are as below:
Type of Program | Program Duration | Best Business School for Program | Average Work Experience Required |
---|---|---|---|
Full-time MBA | 1-2 years | Stanford, Harvard, UPenn, Chicago-Booth, MIT | 3+ years |
Part-time MBA | Equal to or more than 3 years | MIT, Harvard, Stanford, Columbia University | 0 to 3 years |
Online MBA | 2 years | Indiana University, University of North Carolina, University of Florida | 0 to 3 years |
Executive MBA | 2 years | UPenn Wharton, MIT, Yale, Northwestern | More than 8 years of experience |
Early Career MBA | Equal to or more than 2 years | Chicago-Booth, UPenn Wharton, UCLA | 0 years |
Global MBA | 1-2 years | Harvard, New York University | More than 8 years of experience |
Certificate Program | 1-2 semesters (differs by the business school) | MIT, Harvard | Not required |
The USA has a lot of Universities that offer Business Courses for Undergraduate Students. They generally last 4 years and the average tuition fees are around 40,000-50,000 USD/year. Some of the best universities providing BBA in USA are tabulated below along with fees, and other popular programs to pursue
Program Name | University Name | Duration | Fees (USD) |
---|---|---|---|
The Huntsman Program in International Studies and Business | The Wharton School, University of Pennsylvania | 4 years | 60000 |
Bachelor of Science in Business Administration | University of California - Berkeley | 4 years | 32000-35000 |
Bachelor of Science in Business Administration | Marshall School of Business, University of Southern California | 4 years | 57256 |
Bachelor of Science in Business Administration | McDonough School of Business, Georgetown University | 4 years | 46200 |
Bachelor of Arts in International Business Studies | Saint Louis University | 4 years | 44700 |
Bachelor of Science in Business Analytics and Technology | Trinity University | 4 years | 85000 |
All full-time on-campus Undergraduate Business Courses in the USA lasts for 4 years and it is a matter of great financial burden. There are short certificate programs in the USA that offer Business Administration and some the Universities where these are available are:
All the Universities in the USA have different eligibility requirements but the most basic requirements for studying Bachelor in Business Administration are Language Requirements and a basic course or degree relating to the subject. Some of the requirements for applying to the top universities in USA are:
There may be specific requirements depending on the University but IELTS, TOEFL, and PTE are the basic requirements for studying Undergraduate in Business Administration in the USA.
The cost of attendance in the USA is comparatively higher when compared to other countries. But one thing that sets the USA apart is the availability of scholarships in every level of education. University-specific Scholarships will be hard to come by for the undergraduate international students, but there are a lot of private scholarships available for undergraduate students. Some of the University specific Scholarships are:
There are various other scholarships available for international student for bachelors in USA. Applicants must ensure that they apply for these scholarships in time to ensure that they have proof of funding. This will be required while making university as well as USA study visa applications.
The USA is at top of the World Rankings in MBA programs with the top 3 places firmly in its hands. A global standing is available to masters in business degrees from USA. Even though there are plenty of programs available to study, MBA is not only just the most popular choice but also an obvious one. The program lasts for 2 years and the average fees are more than 60000 USD. Some of the best universities that provide MBA in the US are:
Program Name | University Name | Duration | Tuition Fees (USD/year) |
---|---|---|---|
The Wharton MBA Program | Wharton University of Pennsylvania | 2 years | 81378 |
MBA Program | Stanford Graduate School of Business | 2 years | 74706 |
MIT Sloan Fellows MBA Program | MIT Sloan School | 2 years | 77168 |
MBA Program | Harvard Business School | 2 years | 73440 |
MBA Program | University of Chicago Booth School of Business | 21 months | 72000 |
Master of Business Analytics | MIT Sloan School | 1 year | 87740 |
MA in International Economics | American University, Washington DC | 2 years | 40400 |
The image below discusses an overall ROI of various Business schools in USA offering MBA:
*Weighted Salaries are the average alumni salaries post three years of completion of MBA in USA.
According to Forbes, there has been a decrease in the number of students going for full-time MBA programs. In 2018, almost two-thirds of the MBA Colleges in the USA saw a decline in the number of students applying for an MBA. This mainly is because of the high tuition fees, this has made certificate programs a good alternative. Some of the Universities that provide Postgraduate Certificate Programs are:
The USA is the home to the best Business Schools in the world, the eligibility criteria are not the same for all the Universities. The best Universities have some of the strictest eligibility criteria whereas there are colleges where the eligibility is a bit lenient. Some of the common requirements for MBA in the US are:
Tabulated below are some of the best business schools and their GMAT requirements:
Business School | Average GMAT Score |
---|---|
The Wharton School | 710 |
Harvard Business School | 730 |
Stanford Graduate School of Business | 737 |
Yale School of Management | 730 |
Sloan School of Management | 724 |
Kellogg School of Management | 724 |
The US has hundreds of Scholarships for students applying for the Postgraduate Business Administration. There are University-specific Scholarships, Merit-based Scholarships, Subjects Based Scholarships, need-based Scholarships and so on. Some of the Scholarships for MBA aspirants are:
Applicants from India can avail of specific scholarships in USA for Indian students. Some of the MBA scholarships for Indian Students are:
Various other scholarships are available for masters students in USA. Find out more here.
A Masters Degree in Business Administration gives a student all the requirements to climb the corporate ladder but a doctorate in the field adds a special element to it- research. This helps the student to contribute in the field and helps him to venture into academics. Some of the Universities that provide Doctorate Degree in Business Administration in USA are:
Program Name | University Name | Fees (USD) |
---|---|---|
Doctor of Business Administration (DBA) | Washington University in St. Louis | 1,30,320 |
Doctor of Business Administration | University of Florida | 103200 |
Doctor of Business Administration | University of Dallas | 22750 |
Doctor of Business Administration | St Ambrose University | 54720 |
Doctor of Business Administration | Temple University | 124200 |
The USA has a lot of Universities where PhD Programs are offered in Business Administration. All the Universities do not have the same eligibility criteria. More prestigious universities have higher eligibility requirements. Some of the basic requirements are:
A PhD in the USA is typically funded, the admission letter contains the stipend as well as the expenses covered in the course. Some scholarships are available for doctorate students in USA. The college knows that it is very difficult to pursue a PhD without any financial support thus they provide subsidized housing and lodging for the students.
USA has hundreds of scholarships catering to the financial needs of the students. Be it Undergraduate program or Masters or PhD, all the levels of education are well funded. There are many types of scholarships available, like need-based, merit-based or even University or program-specific. Some of the Scholarships are mentioned in the table below:
Scholarship Name | University Name | Eligibility | Award (USD) |
---|---|---|---|
Harvard MBA Scholarship | Harvard University | Meritorious international student | Upto 34000 |
Wharton Fellowship Program | Wharton, University of Pennsylvania | High level of academic achievement | Tuition fees and other financial aid |
Stanford GSB Financial Aid for International Students | Stanford University | Indian Student, Come to India for a professional career for 2 years |
80% of tuition and associated fees |
The Aga Khan Foundation Scholarship | All | Students from Bangladesh, India, Pakistan, Tajikistan and others Financial need |
Varies Amount of award is 50% loan and 50% grant |
Columbia University need-based Scholarship | Columbia University | Student must be enrolled in a full-time MBA at the University | 7500-30000 USD |
BAU International Scholarship | Bay Atlantic University | International Student Subjects included are political science, MBA and economics |
Full tuition fees |
Find out all the scholarships available for studying in the USA, click here.
An MBA degree from the USA is a high paying degree, it helps to increase the basic salary of an individual. On average there is a 29% hike after completing an MBA. A student completing a PhD will get a 23% raise from his MBA degree salary.
Studying MBA in USA offers a high return, the graph below describes the pay increase of MBA graduates (within 3 years post MBA) compared to their Pre-MBA salaries:
Some of the designations and the average salary post completion of a business course from USA are listed below:
Designation | Salary (USD/Annum) |
---|---|
Marketing Manager | 145000 |
Management Consultant | 125000 |
Business Analyst | 90000 |
Financial Advisor | 93800 |
Administrative Manager | 95700 |
Human Resource Manager | 125000 |
Product Manager | 107000 |
Market Research Analyst | 98400 |
CEO | 200000 |
Professor | 90000 |
The recent migration policy of the USA has been a little reserved, which has led to a lower number of Visa issued. This only means greater competition and best minds having the chance to complete their education in the USA. International applicants planning to pursue business programs should hence ensure good academic standing before applying for their dream business school in USA.
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