MBA in USA: Universities, Courses, Fees, Requirements & Scholarships

An MBA in USA remains a top choice for global students. According to a recent report by the Graduate Management Admission Council, approximately 25% of U.S. employers plan to hire more MBA graduates. At the same time, the median starting salary is projected to reach $120,000 (INR 1.02 Cr), roughly 1.75 times that of bachelor's degree holders.

Furthermore, U.S. News & World Report Rankings highlight that four out of five full-time MBA graduates in the U.S. find employment within three months of completing their degree.

If you're aiming for the best universities in the USA for an MBA, such as Harvard, MIT, and Wharton, understanding each step, from eligibility to scholarships, is non-negotiable. Here’s what you need to know to study in the USA at top MBA colleges.

MBA in USA: Overview

An MBA in the USA prepares you for leadership positions in industries such as finance, consulting, technology, and more, combining theoretical knowledge with hands-on experience. 

With flexible options like full-time (2 years) and part-time or executive MBA programs (1–2 years), you can choose a path that suits your career and schedule.

The average annual tuition fee is $83,689 (INR 71.5L), with entrance requirements including exams like the GMAT, GRE, or TOEFL. Popular specializations include finance, marketing, and business analytics, allowing you to tailor your MBA experience to your career goals.

Here’s a detailed overview of an MBA in USA.

Before learning about the top universities in US for MBA, you need to understand why the country remains a leading destination for global MBA aspirants.

Why Pursue an MBA in USA?

An MBA in USA positions you at the centre of global business. It places you among high-performing peers and top employers in the education system in the USA, which is considered one of the best in the world. 

Moreover, with 42% of full-time MBA students being women, there has been a record level of gender inclusion in recent years. 

Here are the key reasons to consider seeking admission to top colleges in US for MBA.

• Top Business Schools with Global Recognition: Leading institutions such as Harvard, Stanford, Wharton, and MIT Sloan School consistently rank among the world’s best in rankings like QS WUR and U.S. News.
• Exceptional ROI with High Starting Salaries: The median starting salary for MBA graduates in the U.S. is approximately $120,000 (INR 1.02 Cr), with top schools like Stanford reporting first-year compensation of up to $185,000 (INR 1.6 Cr).
• Diverse and Inclusive Cohorts: International students comprise 40-47% of classes at schools like MIT Sloan and Columbia. Female enrollment remains steady at 42% across the best business schools.
• Strong Employer Demand and AI Skill Focus: In 2025, 92% of companies planned to hire MBAs, particularly those with proficiency in AI.
• Specializations Aligned with Industry Needs: Business schools offer concentrations in new areas such as AI, FinTech, ESG, and entrepreneurship, developed in collaboration with corporate partners.
• Entrepreneurship and Innovation Support: Programs like Stanford’s Startup Garage have produced over 130 startups, while US schools consistently support incubators and pitch events.

You gain more than a degree; you gain a brand, a network, and a pathway to global leadership. 

Also Read: MBA in USA for International Students: Fees, Top Colleges 2025

If your goal is clear ROI and career advancement, then the following top MBA colleges in America are the right fit.

Top Universities Offering MBA in USA

The U.S. has 122 MBA programs featured in the QS Global MBA Rankings 2025. 

Top institutions such as Stanford Graduate School of Business (GSB) and Wharton School of the University of Pennsylvania offer top business courses that combine advanced leadership training, experiential learning, and global networking opportunities. 

Here's a comparison of the top universities in US for MBA, along with their tuition fees, duration, and application deadlines:

Note: INR amounts are approximate and are subject to change.

Now that you've explored the top MBA programs in the USA let's venture into alternative options that could come in handy in case you miss out on the above ones.

Popular Universities to Study MBA in USA

While top schools like Stanford and Wharton are prestigious, more affordable options like Indiana University (Kelley School of Business), with tuition fees of $55,695 (INR 47.5L), and Georgetown University (McDonough School of Business), with tuition fees of $70,108 (INR 59.9L), offer strong MBA programs at more affordable rates. 

Here are some more top-notch MBA-offering universities in the US.

Note: INR amounts are approximate and are subject to change.

After exploring the top MBA institutes offering an MBA in USA, let’s now take a look at their eligibility requirements.

Eligibility Criteria for MBA in USA

Most MBA USA programs require a 4-year undergraduate degree with a minimum GPA of 3.0. Top ranked MBA programs in USA often expect GMAT scores of 700+ or GRE scores above 320. English proficiency is also critical, as most good MBA colleges in USA require TOEFL scores of 100 or an IELTS band score of 7.5.

Visa approval also depends on providing accurate financial documentation, including a valid passport, the completed DS-160 form, and payment of the SEVIS fee.

These checkpoints ensure you are ready for the rigorous curriculum of MBA programs. Let’s further break them down for your convenience.

Note: Specific programs or universities may have additional or slightly different requirements. 

Clear academic records, top test scores, a strong work history, and a solid financial background significantly boost your chances. 

Next, learn how to prepare a standout application and navigate the steps to secure an MBA admission in the USA.

Application Process for MBA in USA

Applying to universities in US for an MBA requires careful planning and timely execution. With acceptance rates dropping and application volumes increasing, Harvard, Wharton, and Columbia each receive over 6,000 applications per year. Therefore, a strong and complete application is essential.

Below is a clear and structured breakdown of the steps to apply for an MBA in USA:

Step 1. Research and Shortlist Universities

• Identify Programs: Select MBA programs that align with your academic background, work experience, and career objectives. For instance, Booth is strong in analytics, while Kellogg focuses on marketing leadership.
• Check Specializations and Format: Look for course offerings in fields like finance, consulting, Artificial Intelligence, and entrepreneurship. Choose between full-time, part-time, and executive formats.
• Verify Accreditation: Ensure the university is accredited by recognized bodies, such as AACSB, EQUIS, or AMBA. Accreditation confirms global recognition and curriculum quality.

Step 2. Understand Admission Requirements

• Academic Qualification: A 4-year undergraduate degree is required. Most top ranked MBA programs in USA expect a GPA of at least 3.0 (3.3+ preferred).
• Standardized Tests: A GMAT score of 700 or higher or a GRE score of 320 or higher is considered competitive. HBS, Stanford, and Wharton report GMAT class medians around 730.
• English Proficiency: Non-native speakers must submit TOEFL (minimum 100), IELTS (7.5), or Duolingo (≥125) scores.
• Work Experience: Most good MBA colleges in USA expect 2–5 years of work experience. HBS students average 5 years.

Step 3. Prepare Key Documents

The documents below are mandatory for a complete application file:

• Academic Transcripts: Official records from all undergraduate and postgraduate institutions. It must be translated if not in English.
• GRE/GMAT Scores: Sent directly to schools. Check each school’s code.
• English Test Scores: Required unless you studied in an English-medium undergraduate institution.
• Resume or CV: Highlight your career path, promotions, achievements, and leadership examples.
• Letters of Recommendation: Typically, 2–3 from past managers or academic mentors. Avoid generic recommendations.
• Statement of Purpose (SOP) / Essays: Describe your motivation, career goals, and why you are applying to that specific MBA program.
• Application Fee: Typically between $75 and $250 (approximately INR 6,400 – INR 21,300), depending on the school.

Step 4. Submit Your Application Online

• Complete the Form Accurately: Fill out the application portal carefully and review each section.
• Upload All Documents: Missing documents can delay the evaluation process. Stick to file size and format rules.
• Pay the Application Fee: Use the university’s payment portal and save the receipt for your records.

Step 5. Attend the Interview (If Shortlisted)

• Format: Interviews can be conducted in person, virtually, or via video essays (Kellogg, Yale).
• Purpose: Schools assess communication skills, leadership, fit, and clarity of goals.
• Timing: Interviews are usually scheduled 3–5 weeks after the application deadline.

Step 6. Track Admission Results

• Result Timeline: Most schools release decisions 6–8 weeks after the round closes.
• Admit, Waitlist, or Reject: Based on academic performance, test scores, and overall fit with the class profile.

Step 7. Accept the Offer and Begin the Visa Process

• Offer Acceptance: Confirm your admission by submitting the deposit as per the school’s instructions.
• Apply for F-1 Visa: Use Form I-20 issued by the university. Pay the SEVIS fee and visa application fee.
• Financial Planning: Arrange funding through scholarships, education loans, or personal savings. Ensure your documents show proof of funds as required for a visa.

Also Read: Student Visa for the USA - Fee & Application Procedure

A complete, timely, and well-tailored application increases your chance of admission to top MBA colleges in America. Take each step seriously and tailor your application for each school.

Now, let's take a look at the course details and specializations for an MBA in the U.S.

MBA in USA: Course Details & Specialization

MBA programs in the USA combine foundational courses, such as Financial Accounting and Marketing Management, with advanced electives in areas like Venture Capital and Data Analytics.

You can specialize in Finance, Strategy, or Healthcare while gaining hands-on experience through internships, capstone projects, and global immersions.

For instance, over 2,500 students have joined Wharton’s Global Immersion Program since 1993, offering experience in emerging markets.

Below is a detailed overview of MBA courses in the USA, highlighting core subjects, specializations, and valuable hands-on experiences offered at top institutions.

Every university offers distinct specializations and experiential learning options, helping you build a well-rounded MBA profile.

With this clarity on course content, it’s time to evaluate the cost of studying MBA in US universities.

Cost of Pursuing MBA in USA

The cost of living in the USA involves substantial expenses, with tuition being the most significant component. For example, Harvard Business School estimates the total annual cost of attendance for a single student at $126,536 (INR 1.1 Cr), covering tuition, housing, transportation, healthcare, and personal expenses.

Stanford charges a tuition fee of $85,755 (INR 73.2L), while New York University is slightly higher at $86,916 (INR 74.2L).

Below is a detailed breakdown of the cost of studying in the USA for Indian students, outlining average annual expenses to help you plan your budget.

Note: INR amounts are approximate and are subject to change.

Now that you know the required costs involved, it’s time to explore how you can reduce this burden with scholarships during your MBA in US universities.

Scholarships for pursuing MBA in USA

Securing scholarships can significantly reduce the financial burden of MBA courses in the USA at leading MBA programs in US universities. There are numerous fully funded scholarship opportunities, both merit-based and need-based, available through top-tier schools and organisations. 

First, let's explore the internal scholarships available for studying in the USA.

Internal Scholarships

Respective institutes design internal scholarships to support students based on their academic achievements and financial needs. This ensures that talented individuals can access world-class education regardless of economic background.

For instance, the Knight-Hennessy Scholars Program at Stanford GSB offers partial to full tuition support, with an average award of $44,000 (INR 37.6L) annually. 

Similarly, Harvard Business School offers need-based fellowships, covering up to full tuition, with an average award of $46,000 (INR 39.3L) per year. 

Here are some more top internal scholarships available at USA universities for an MBA.

Now, let’s take a look at external scholarship opportunities available for students pursuing an MBA in the USA.

External Scholarships

External scholarships, such as the MPOWER MBA Scholarship, offer up to $10,000 (INR 8.5L) for international students attending MPOWER-eligible U.S. schools. 

Similarly, the ROMBA LGBTQ MBA Fellowship offers a minimum of $10,000 (INR 8.5L) per year, along with mentoring, to students who demonstrate strong academic skills and leadership within the LGBTQ+ community. 

These scholarships aim to support diverse and talented individuals in their pursuit of an MBA at top U.S. universities. 

Below is a table summarizing notable external scholarships available for MBA candidates in the U.S:

Also Read: Top 10 Scholarships for International Students to Study in the USA for Free

Next, let's examine the career opportunities available after completing an MBA.

Job Opportunities After an MBA in USA

An MBA from a top U.S. university can lead to lucrative career opportunities, including roles such as Management Consultant, which earns an average salary of $91,768 (INR 75.9L). 

You also have the chance to venture into data-driven managerial roles, such as Senior Data Analyst, which command an average salary of $101,286 (approximately INR 86.5 lakhs). 

These high-paying job opportunities reflect the significant return on investment that an MBA from a top U.S. university can provide.

Here are the top career options for an MBA in the USA, along with vital salary insights:

Source: Indeed

Note: INR conversions are approximate and subject to change according to fluctuations in the dollar rate. 

Now, let's explore the top recruiters for MBA graduates in the United States.

Top Recruiters for MBA Graduates in the USA 

An MBA course in the US can lead you to top recruiters that offer some of the highest-paying jobs in the USA. Many of these firms also offer internships and part-time jobs in the USA that are ideal for MBA students.

For example, McKinsey & Company hires Business Analysts with an average annual salary of $114,149 (INR 97.5L), while Google offers Customer Success Managers a salary of $138,631 (INR 1.2 Cr). 

Take a look at the table below to explore the major recruiters, the major roles they offer, and the respective average salaries.

Source: Indeed

Note: The INR conversion is based on the current exchange rate. 

These companies are regularly featured in employment reports from MBA programs at U.S. universities, indicating strong career opportunities for MBA graduates in the USA.

Now, let’s take a look at how upGrad can help you pursue an MBA in the USA.

How upGrad Can Help You Study an MBA in USA?

Applying for an MBA in the U.S. can be complex, involving program selection, exams, and financial planning. 

upGrad simplifies this with end-to-end support by helping you shortlist universities, prepare for exams like the GMAT, GRE, TOEFL, or IELTS, and craft strong applications. You also receive career counselling and access to a vast alumni and industry network for better post-MBA opportunities.

To get started, schedule a free 1:1 counselling session with upGrad experts and explore MBA programs in the USA that align with your career aspirations.