Is it Worth pursuing MBA from USA

MBA programs in the United States can be rewarding in terms of learning experiences, post-MBA careers, and cultural experiences.

In recent times, the US has seen a decline in domestic applications. However, STEM certified MBA programs are likely to see an international applicant's growth as it comes with an additional 24-month opt.

In addition, doing an MBA can change careers and open up career growth opportunities. According to the GMAC Application Trends Survey 2019, 50% of international candidates apply in the United States because it allows them to obtain a US job.

In addition to career potential, most top B-schools are located in the United States. Thus, obtaining an MBA from top business schools can pave the way for various opportunities.

If we take the example Wharton School of where the acceptance rate of getting admission in MBA is 19.2%, potential employers will know how difficult it is to get admission there.

In addition, brand value is high for the best MBA programs in the United States. About 75% of prospective students choose the United States as their study destination due to the reputation of their educational system.

Here are six reasons to opt for an MBA program in the United States:

Best MBA programs are in USA

MBA scholarship and financial aid opportunities

MBA salary in USA

OPT Requirements and OPT Post-MBA Expansion

STEM MBA Program in USA

Multicultural environment

 

Is it Worth pursuing MBA from USA

Let us discuss each point in detail.

Best MBA Program are in USA

As stated earlier, some of the best MBA programs are offered in the United States. In some MBA colleges, applicants have given facility to select the duration of their MBA program. Students can chooser either full time, part time or accelerated MBA programs.

Most business schools in the United States have moved to online learning due to the COVID-19 epidemic. Bloomberg Businessweek 2020-21 has conducted a survey where it ranks the best business schools for online learning.

Here is the list of the 10 best business schools for online learning during the outbreak of COVID-19:

1. Stanford GSB

2. Dartmouth Tuck

3. Harvard Business School

4. Virginia Durden School of Business

5. Wharton School

6. Columbia Business School

7. Kellogg School of Management

8. Cornell Johnson

9. UCLA Anderson

10. NYU Stern

Top one-year MBA programs in the United States

In addition to the full-time MBA program, you can also opt for a one-year program. See the top one-year MBA programs in the United States:

 

1 year MBA Programs USA

Fees

Kellogg Accelerated MBA

$140,366

Cornell Johnson

$145,847

Duke Fuqua Accelerated MBA

$114,165

Notre Dame (Mendoza)

$81,242

USC Marshall (I-Bear)

$124,715

NYU Stern Tech MBA

$149,101

Emory (Goizueta)

$103,971

Babson College One-Year

$128,761

University of Pittsburgh

$52,845

Peeperdine Graziadio Business School Accelerated MBA

$101,880

 

Scholarships and Financial Aid

One of the reasons non-US citizens avoid studying in the United States is the cost of an MBA.

 

About 66% of prospective students agree that the cost of tuition prevents them from pursuing an MBA in the USA; 57% agree on the cost of living. The cost of an MBA is one of the major challenges facing students in the United States. However, there are many means to finance your education through fellowships, scholarships, aid, and education loans.

The same report also states that approximately 33% of students choose the United States due to the availability of financial aid. Based on the availability of financial aid, here are the data of the candidates who prefer to study internationally:

If we take the example of Harvard MBA, the average scholarship amount is $ 40,000 per year. Also, the Harvard MBA Scholarship is a gift that does not need to be paid back, and about 50% of the class receives it.

 

In general, the best MBA programs in the United States offer merit-based scholarships. In addition, targeted scholarships such as diversity scholarships are also offered by business schools.

 

Financial support available for Indian students in the United States

According to Nishant, a student at Columbia Business School, Columbia has various funding opportunities available. "Most of the Indian students I know have scholarships, which can be up to 20% -80%." He also says that in the context of an assistant, opportunities are available where you can apply for a thesis assistant or teaching position. These options are well paid and can take care of your daily or rental expenses.

In addition, there are education loans that you can apply in the United States. Here is an article on how you can get a student loan for MBA in USA.

A higher GMAT score can help you obtain a higher scholarship amount.

MBA Salary in USA

According to the NACE Salary Survey, the average starting salary for an MBA grade in the Class of 2020 would be $ 79,043 - $ 20,000 more than the average starting salary of a graduate with a bachelor's degree in business.

 

Furthermore, if you come across the best MBA program in the United States, this number can change drastically. For example, the average base salary for Stanford MBA graduates 2019 is $ 152,503.

From the table below, the average base salary for the top MBA programs in the USA is above 100K. In addition to the base salary, US companies offer a signature bonus.

According to the Corporate Recruiters Survey 2019, more than half of American companies offer singing bonuses. The average signing bonus in the United States for an MBA is $ 10,500.

 

 MBA Colleges in the USA 

Salary in USA for MBA

Stanford GSB

$152,503

Wharton School of Business

$150,000

Kellogg School of Management

$125,606

Booth School of Business

$145,000

MIT Sloan School of Management

$140,000

Harvard Business School

$148,705

UC Berkeley (Haas)

$140,000

Columbia Business School

$150,000

Yale School of Management

$127,100 (2018)

NYU (Stern)

$140,000

Virginia (Darden)

$135,168

Dartmouth Tuck

$140,000

Duke (Fuqua)

$135,397

Michigan (Ross)

$109,578

Cornell (Johnson)

$131,150

UCLA (Anderson)

$106,955 (2018)

USC (Marshall)

$217,495

Texas-Austin (McCombs)

$125,000

CMU (Tepper)

$126,250

UNC (Kenan-Flagler)

$125,000

 

Visa Requirements

To pursue an MBA in the United States (full-time), you need an F-1 student visa, which gives you a 12-month elective training program (OPT). The program will enable you to work and live in united states for 12 months after graduation.

If you do STEM-certification for your degree, you can also increase your OPT. The STEM MBA graduate will be eligible for OPT for 36 months.

In recent times, many MBA candidates have decided to do MBA in USA. This is because of the negative news surrounding the H-1B visa.

However, the current sentiment about H-1B is bad for IT outsourcing companies, but is excellent news for MBA students. It is even better if you are aiming for the top 30 business schools in the United States.

 

USA STEM MBA Program

STEM stands for Science, Technology, Engineering and Mathematics. In recent times, many B-schools have assumed the STEM designation.

As discussed above, a STEM certified MBA program offers a 36-month opt. Thus, you get to live and work in the United States for an additional 24 months without an H-1B visa.

According to the GMAC Application Survey 2019, 44% of STEM certified programs reported an increase in international applicants.

In 2016, the federal government created a STEM-designated degree program to address the shortage of qualified workers in STEM fields, estimated to increase more than one million jobs by 2024. Thus, graduates with STEM degrees will have more opportunities in the US. Job market

The table below mentions the STEM programs offered by the best MBA programs in the United States:

Business School

STEM MBA Certification

Columbia Business School

Full-Time MBA program

Stanford GSB

Full-Time MBA program

Harvard Business school

Management Science track in MBA (Full-time)

Michigan Ross

STEM Concentration

NYU Stern

Full-Time MBA program

Yale SoM

STEM Concentration

Dartmouth Tuck

Quantitative Analysis  and Management Science

UNC Kenan-Flagler

STEM-MBA concentration

Northwestern Kellogg

Management Science

Wharton School of Business

Majors in MBA (full-time): Business Economics & Public Policy, Business Analytics , Statistics, Actuarial science,  Operations, Information, and Decisions, Energy, Environment & Sustainability;,

UC Berkeley Hass

MBA All programs

CMU Tepper

MBA All program

Chicago Booth

Full-Time MBA program

Simon Business School

MBA All programs

MIT Sloan

Full-Time MBA program

Purdue – Krannert School of Management

MS business analytics & information management, MS Marketing, MS Global Supply chain management , MS Finance and MS Economics

Wisconsin School of Business

MBA in supply chain management , MBA in Operations and Technology Management

University of Massachusetts Dartmouth

MBA degree in Business Analytics

University of Notre Dame

MBA/MS in Business Analytics (Dual degree)

Tippie College of Business

Masters in Finance

Whitman School of Management

Masters in Finance

Darden Virginia

Specialization in Management science full-time MBA

Georgetown (McDonough)

Management science major in full-time MBA

Indiana Kelley

5 majors in Full-time MBA: Finance,  Marketing,  Business analytics, Supply chain management and Accounting,

UC-Davis

Full-Time MBA program

Olin Business School

Full-Time MBA program

 

Multicultural environment

The diversity of cultures is widely observed on university and college campuses throughout America.

The country is often described as a country of immigrants, and MBA colleges attach great importance to an international student educational experience in terms of their languages, cultures and tradition.

 

The best MBA programs in the United States are increasingly promoting culture and diversity.

For example, Stanford GSB states that it is committed for providing inclusive spaces for its students to learn with each other and enjoy the power of diversity. 43% of the incoming class of 2021 have international students.

The table below represents the percentage of international students for the best MBA programs in the United States:

 

MBA in USA

International Students

Stanford GSB

43%

Wharton School of Business

30%

Kellogg School of Management

32%

Booth School of Business

31%

MIT Sloan School of Management

41%

Harvard Business School

37%

UC Berkeley (Haas)

35%

Columbia Business School

47%

Yale School of Management

44%

NYU (Stern)

24%

Virginia (Darden)

33%

Dartmouth Tuck

38%

Duke (Fuqua)

37%

Michigan (Ross)

27%

Cornell (Johnson)

32%

UCLA (Anderson)

33%

USC (Marshall)

32%

Texas-Austin (McCombs)

20%

CMU (Tepper)

35%

UNC (Kenan-Flagler)

17%

 

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