The USA is the world’s largest economy with the highest GDP per capita among the other countries in the world. The United States is also considered as the most significant commercial engine of the world and it is known for its immense job opportunities offered to both Indian and International students migrating to the US. 51 of the top 100 MBA programs which are ranked for globally accredited are from the US. This, in turn, creates a balance in the system by creating professionally skilled management graduates and recruiting them in the most successful corporations. The aforementioned is one of the reasons for the expansion of MBA in USA for Indian students.
The United States has always been warm welcoming to Indian and international students with a plethora of universities to choose from all. The work habits, education system, music, lifestyle, and art has made an enormous impression on the rest of the world to select the USA as the first choice for study.MBA in the USA will prepare the students with technical skills and self-confidence, steering themselves into the dynamic business world. It will also help them in growing their professional network.
Equipped with an MBA, you will be a frontrunner in every new budding field. MBA in the USA for Indian students helps to exchange the broad cultural background of both Indian and international students.MBA in the USA for Indian students strengthens the overall personality of the students. Almost all universities in the US grants students with some form of scholarship schemes and financial funds covering their tuition fees to enrich and enhance the talent imbibed in them.
TYPES OF MBA IN USA FOR INDIAN STUDENTS
It is the most widely available MBA program; it is a two years, full-time program. The first year of the full-time MBA is committed to giving an introduction into a set of core business fundamentals such as marketing skills, accounting, operations, and finance.
The second year, students choose their specialized career areas and elective courses depending on their straight-out interests.
During the break-in between the first and second years of the course, internships can be completed to enhance the work experience of the students.
Part-time MBA programs generally hold classes during evenings or weekends; this is leverage to those who do full-time work during the day.
Attendance is narrowed down to those mentioned above. Part-time courses also cover the same modules as the full-time programs.
Through an accredited school’s MBA program MBA degree can be earned.
Part-time MBA programs generally take two-three years to undock; in some cases, this may take up to five or more years.
The period is comparatively higher than ordinary MBA as the majority of part-time students will be already holding jobs.
Accelerated MBA offers less time in covering the core business modules compared to traditional MBA in the first year of business school.
This program also narrows down on the specializations and runs on a comprehensive schedule.
Attendance is defined and narrowed to those having progressive knowledge of fundamentals of management, picked up through aggregation of undergraduate programs and work experience.
Accelerated MBA is a boon for those having broad business knowledge.
A deviation on part-time MBA, this program conducts classes on evenings and weekends.
Evening and weekend MBA programs help working professionals who are gaping to advance in their career or a new career.
Executive MBA programs are typically for admitting mid-to senior-level managers.
This program is essentially designed to build their executive leadership.
Commonly these programs are for catalysts who are looking to boost their education without rattling their career.
ELIGIBILITY FOR MBA IN USA FOR INDIAN STUDENTS
- Must have 10-14 years of work experience.
- Steady progress in the company in which they are employed.
- The candidate should be approved for senior management.
- An employer who is ready to invest in sponsoring the employee.
- 4+1 MBA
A lot of students are confused about the eligibility criteria for MBA in USA for Indian students. BS or MBA or 4+1 program is a combination of BA and MBA degree programs. This program offers the students an advantage to substituting an undergraduate business degree for the first year of the two year MBA.
Post completion of the undergraduate degree, students can directly start their journey into the MBA program and will be able to complete it in one year. This program lets a student complete both bachelor’s and master’s degree programs in five years.
A student can apply for this during the course of their junior year, and they will be based on their exemplary academic records. Usually, a GPA of 3.0 is demanded to be considered. GMAT score and letter of recommendation from staff members is a mandated requirement. Additionally, another prerequisite for entry is a statement of objective or an internship certificate.
BS or MBA or 4+1 program is a combination of BA and MBA degree programs. This program offers the students an advantage to substituting an undergraduate business degree for the first year of the two year MBA.
Post completion of undergraduate degree students can directly start their journey into the MBA program and will be able to complete it in one year. This program lets a student complete both Bachelor and master degree programs in five years.
A student can apply for this during the course of their junior year and they will be based on their exemplary academic records. Usually, a GPA of 3.0 is demanded to be considered. GMAT score and letter of recommendation from staff members is a mandated requirement. Additionally, another prerequisite for entry is a statement of objective or an internship certificate.
MBA IN USA FOR INDIAN STUDENTS WITHOUT GMAT
While most of the MBA colleges in USA require a GMAT score there are many business schools that consider your admission without a GMAT score. Listed below are the colleges/ universities in the USA with no GMAT requirements for business programs.
- Pace University
- Kenan- Flagler Business School
- New York Institute of Technology
- Kellogg School of Management
- Anderson School of Business
- MIT Sloan School of Management
- Questrom School of Business
- The University of Tampa
ELIGIBILITY FOR MBA IN USA FOR INDIAN STUDENTS
- Four years Bachelor degree
- GMAT score above 600
- Language proficiency( TOEFL/IELTS)
- A minimum of 3 years of work experience( Depending on universities)
- Professional recommendation
- Personal statement
STUDENT VISA REQUIREMENTS:
- Authentic passport and formerly issued passport
- Recent passport size photograph with white background(50mm x 50mm)
- DS-160 confirmation with barcode
- HDFC visa application fee receipt
- SEVIS receipt and I-120
- VFS appointment letter
Candidates who are applying for an MBA in the USA pass through three stages to admission cycle: pre-application, application, and post-application. Candidates should ensure that they have the following documents ready to outright the application process.
- Recommendation letters
- Statement of purpose
- Academic Transcripts
- Work experience certificates
- Photocopies of students passport
- Extracurricular activities certificates
- WES Evaluation document( If the university requires)
- Essays( Preferred by some universities)
- Offer letters
The foremost thing to consider while applying for an MBA in the USA- review the colleges that offer the programs. Also, check whether it is a full-time or a part-time MBA.
Full-time MBA in the USA is typically a two-year course, but many programs are available for one year to accelerate it. Part-time MBA programs allow students the flexibility to attend either the evening or weekend classes to accommodate the busy schedule. Also, the candidate should have a crystal clear understanding of the program he/she wants to do and the area of specialization.
Before admissions, candidates are required to have completed the eligibility test, filled up the admission form, obtain a student visa, and a certification that they are medically insured.
BEST MBA COLLEGES IN USA FOR INDIAN STUDENTS
America is a land of opportunities, and for the vast majority of Indian students, the MBA program are top-rated. While the overall cost of education is much higher than India, there are certainly some cheap MBA programs in the USA for Indian students.
Listed below are the popular and the best MBA colleges in the USA for Indian students community.
- Harvard University
- Stanford University
- The University of Chicago
- University of Pennsylvania
- Massachusetts Institute of Technology
- Northwestern University
- Columbia University
- Princeton University
- University of Michigan
- University of California-Berkeley Campus
- Yale University
- Cornell University
- Dartmouth College
- The University of Texas at Austin
- University of Virginia
- Boston College
- New York University
- University of Washington
- Rice University
- Duke University
- University of Rochester
- Indiana university
- Ohio State University
- University of Illinois
- University of Minnesota
MBA IN USA FOR INDIAN STUDENTS COST
While applying for an MBA in the United States, candidates should be aware that the fees are relatively higher than what they would be paying in India. The goal should be to find good schools with low tuition fees or scholarships. The tuition fee for MBA in the USA will vary for Private and State schools. The cost of MBA in USA for Indian students especially in private schools will be costlier compared to State schools.
State schools are capitalized by the state and offer state grants to students. Research funds are granted for state schools. For private schools, the fee for a semester is dependent on the enrollment status. So for Indian and International students, the full-time status is measured and specified by the school, and it can vary from either nine credits to 12 credits. Apart from the MBA fees in USA for Indian students candidates should consider the below aspects before taking admission in US universities.
- Exam fees for admission( NEET/MCAT)
- Language proficiency test fees( IELTS/TOEFL)
The approximate MBA fee in USA for Indian students is around 30,000 USD to 60,000 USD per year for state schools. While the private school’s tuition fee is much higher, around 65,000 USD to 10,000 USD per year. Candidates seeking to save money can apply for scholarships provided by respective universities. Also, student loans are available and can be chosen on the basis that all the previous requirements are met.
Discrete banks will have differing or varying rules associated with their student loan policies. However, international students in the US have the option of joining part-time jobs, which are more inclined to be on campus, this would enable them to handle their day to day living expenses to an extent during the stay in the USA.
SCHOLARSHIPS FOR MBA IN USA FOR INDIAN STUDENTS
MBA in the USA will help you boost your career opportunities, accomplish a high salary and a career shift, provided you choose the right school. The bottom line is that you have to plan your finance options much prior. Top Business Schools in the USA offer scholarships for Indian and international students. Candidates should have a clear vision of the scholarships. Some of the liberal colleges which provide MBA scholarships for Indian students in USA are listed below.
Harvard MBA Scholarship:
Harvard offers Indian and International students with a need-based scholarship depending on various backgrounds. A candidate can draw up to $34,000 per year. Almost 50% of the students who make their way into Harvard MBA receive scholarships or financial aid. They also help students with other options like Special Interest Fellowships.
Wharton fellowship program:
MBA at Wharton offers its International students with various fellowship programs. They offer fellowship for students from diverse economic nations and backgrounds. The essential criteria to avail the fellowship are robust academic grade records, strong command with leadership quality, professional enrichment, and exemplary personal trait.
Stanford GSB Financial Aid for International Students:
Stanford GSB Financial Aid is a fellowship offered exclusively for Indian students by Reliance Dhirubhai. This prestigious fellowship is a financial aid provided towards tuition fees for each year up to five Indian students with exemplary academic records. Stanford Reliance Dhirubhai Fellows receive approximately $150,000 in total.
Columbia Business School Scholarships:
Columbia Business School offers candidates with need-based scholarships. Need-Based Scholarships are partial-tuition scholarships provided to qualified candidates, which includes both India and International candidates with an excellent academic record. Columbia B-School also offers candidates with merit scholarships, which will have specific criteria designated by the donor. To avail merit scholarship, the candidate must enroll for a full-time MBA program. The Scholarship amount ranges from $7,500 to $30,000 for Need-Based scholarships. While Merit-Based is offered by the admissions office considering the GMAT score attained by the candidate, Work-experience, future goals, etc.
Chicago Booth MBA Scholarships:
Chicago Business School is one of the MBA colleges in the USA for Indian students offering Specific Scholarship Scheme from 2014. Below are the Scholarships offered by the Chicago Business School for Indian & International students.
- Merit-Based scholarships are offered to promising students. The offer reckons upon the application form submitted by the candidate and will be validated by the admissions office. All candidates are chosen based on their academic merit and performance during the interview.
- Global innovator fellowships are offered to students with strong ambitions and passion for steering unique goals into the world. The intake for this fellowship is based solely upon the application form provided by the candidate.
Chicago Business School offers a few other generous scholarships like “The India Trust Fellowship” specifically for those living and working in India. Akhtarali H.Tobaccowala Fellowship is specifically for students from India. The Zonis Fellowship is offered to both Indian and International students from developing economies. Canfield Private Equity fellowship for those with prior work experience in private equity or any investment banks. Forte’ Foundation Fellowship program covers full tuition fees and a $25,000 stipend per year.
Kellogg MBA Scholarships:
Kellogg Business School grants Indian and International students various scholarships, including Merit-Based and Need-Based scholarships. All candidates who make their way into will be automatically considered as merit-based scholarship students.
MIT Sloan MBA Scholarships:
MIT Sloan Business School also grants Indian and International students with numerous generous funding aids. Some of the notable scholarships are McKinsey Award, Dean’s fellowship, Fulbright Grant, Nippon Foundation International Fellowship, Legatum Fellowship, and MIT Sloan Social Impact Fellowship.
Yale SOM Business School offers MBA for Indian and International students with need-blind financial aid, which is offered in the form of scholarships, assistantships, and loans. The Scholarship amount ranges from $50,000 to $ 61,000.
McCombs Scholarship and Fellowships:
McCombs Business Schools grants candidates with a wide range of scholarships like Recruiting Scholarships, Pursuing student Scholarships(2nd year), Texas Venture Labs scholarships, Consortium, Forte and consortium.
Tuck MBA Scholarships:
Tuck School of Business grants Indian and International students with both merit-based and need-based scholarships. Scholarship amount varies from $5,000 to full tuition fees. Besides, Business schools also concede loan options. The criteria for scholarships will be based on exemplary academic performance and leadership qualities.
Haas MBA Scholarships:
The MBA Business School grants Indian and International candidates with various diverse financial aid like the Haas Achievement Award, Diversity Scholarships, and Marketing Scholarships. These schemes cover up to $50,000 from the tuition fees.
BENEFITS FOR STUDYING MBA IN THE USA
- English Medium Syllabus
- Degrees which are reputed and valued
- Education of high standards
- Improve leadership and people management skills
- Chance to secure opportunities worldwide
- Practical hands-on experience of knowledge acquisition
- Network and create connections
- Make tough calls at the right time
- Hire top talent and improve employee retention
- Develop, advertise and sell your products and services
Students who establish a strong desire to expand their knowledge to other fields such as religious studies, foreign languages, ethics, medicine, management-related literature, or even the specialty they want to study can choose electives. These electives provide students with earmark knowledge to boost and complement the range of information and preferences in their career path.
Once inside the university, extensive, uncompromising, and accurate to the end, teaching and training can be expected through theory, practical, and engagement with companies to allow students perspective on realistic business settings. Initially, students will be given case-studies or papers and internships to acquire practical knowledge.
As practical and management skills are prioritized, students can experience the life of a professional first hand. Throughout the course, faculty will be present to clear doubts which students have and help them along their journey of becoming a qualified MBA graduate with hands-on experience. Although international students may face challenges in terms of the education system, culture, and lifestyle, they will develop resilience and a diverse perspective, which encourages independence.
Similar to many areas in life, building the initial foundation is what determines the future course. MBA in the US provides individuals with a solid basis on which they can enhance not only their education but also their career as a professional graduate. MBA has a wide variety to choose from International Business, strategic management. Once individuals have identified their preference, they can follow their leads while being in an environment that supports and encourages their pursuit.
Even though the merits outweigh the demerits, students studying in the USA have to face some drawbacks:
- The relatively high tuition fees.
- Students who have not stayed away from home may experience homesickness.
- Students may also face racism or cultural clashes.
- The Indian students may find it difficult to get adjusted to the food, lifestyle, culture, and weather during the initial days in the USA.
Overall, undergoing an MBA in the United States is not a decision that parents and candidates will regret as they will be presented with an abundant amount of career routes which they can pursue. Regardless of the amount of money that is being invested in the course, dedicated students can earn money back by ensuring that they maximize their time at the university and reflect it in their profession.
As the negatives of choosing an MBA in the USA are mainly due to personal feelings and not career or education centered issues, it demonstrates that an MBA in the United States amplifies and persistently continues one’s journey as a Master of Business Administration. Besides institutional factors, students will also develop the tactic of handling life alone, will gain a financial perspective, and exposure to diversity due to how students from all over the world study in the United States. The US consists of a standard that is maintained and strongly exemplified.
BENEFITS FOR STUDYING MBA IN USA FOR CAREER
Accelerate Your Career- Working in a company and pursuing an MBA in the USA later will leverage your position in a more prominent role. The ultimate way to utilize it would be to have an eye on the in-house promotions that you consider yourself advancing to and be prepared to apply for it with your new endorsements.
Flourish your business discerning- MBA in the USA will help in growing your professional network. Post your program, you will come across numerous opportunities with companies seeking to work with MBA graduates. Utilizing the professional management skills, you matriculate during your MBA will help you with job security, which will make you an imperative team member.
Leading in a developing field-
MBA is more often practical knowledge rather than theoretical. Being a maneuver in that stream with exemplary expertise will be a quality which employers seek. Keeping hold of the MBA, you can be a contender, among others.
Building your empire- One of the most mainstream reasons for choosing to earn an MBA is to become an entrepreneur. The skills required to be a successful entrepreneur is being developed during the MBA journey, where they learn to communicate effectively and persuasively. The most crucial skill an entrepreneur must develop is effective leadership. Business schools are the best place to test out your creative, outrageous, and ambitious ideas without fear and pressure of failure, which will build confidence and help the individual work on their ideas.