STUDY MBA IN USA
The Master of Business Administration (MBA) is an internationally-recognized degree designed to prepare students for future jobs. It focuses on developing both industry-specific knowledge as well as high in-demand soft skills like leadership, empathy and interpersonal skills.
An MBA degree can propel a professional career across industries and functional departments. There are over 2000 MBA programs offered globally with multiple options to specialize in, like Finance Leadership, International Management, Consulting, Technology Management, Entrepreneurship and more. The core curriculum includes subjects like accounting, operations, marketing, and economics.
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Why choose to study MBA in USA?
Before deciding on pursuing an MBA degree, one must know what are the advantages of studying MBA in USA?
High Ranking Institutes
According to World University Rankings 2020 by Times Higher Education, among the top 10 B-schools in the world, 7 are from USA. These B-schools provide the best of faculties, research and internship opportunities to its students.
Top B-Schools in USA
MBA is a highly competitive degree to pursue. It requires considerable time and effort to successfully complete the program. Before starting the application process it is important to know what are the best MBA colleges to study in the USA?USA has the most number of high ranking B-schools in the world. They rank high on student satisfaction, quality of education, faculty experience, research and internship options. According to QS Global MBA Rankings 2020, following B-schools are top ranking in the USA:
01
Stanford Graduate School of Business
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QS Global Rank #1
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Duration: 24 months
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Avg. GMAT Score: 730
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Avg. Work Experience: 4 years
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Fee (USD) $110k-$130k
The school is known to have an acceptance rate of just 7.1%. Its distinguished faculty includes three Nobel Prize winners, two John Bates Clark Award winners and 15 members of the American Academy of the Arts and Sciences.
02
Penn, The Wharton School
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QS Global Rank #2
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Duration: 21 months
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Avg. GMAT Score: 732
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Avg. Work Experience: 5 years
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Fee (USD) >$120k
The 20-month Wharton (including a recommended 3.5-month summer internship) full-time MBA usually includes a requirement for a major concentration of 4.0 credits, with a choice from 19 majors, plus 5.5 electives in addition to the core curriculum.
03
Harvard Business School
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QS Global Rank #3
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Duration: 24 months
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Avg. GMAT Score: 730
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Avg. Work Experience: 4 Years
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Fee (USD) >$120k
Harvard Business School (HBS) is the graduate business school of Ivy League. HBS offers a full-time, two-year, residential MBA program. It also offers dual-degree options through other Harvard colleges, including Harvard Kennedy School, Harvard Law School, Harvard Medical School, and the Harvard School of Dental Medicine.
The Harvard MBA exposes students to real-life leadership challenges through interaction with a diverse community, immersing them in intense, transformative experiences that prepare them to be fully alert and functional wherever in the world they may go.
04
MIT Sloan School of Management
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QS Global Rank #6
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Duration: 24 months
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Avg. GMAT Score: 728
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Avg. Work Experience: 5 years
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Fee (USD) >$120k
MIT Sloan offers a range of MBA programs, with two full-time MBA variants – the flagship MIT Sloan full-time MBA program, completed over two years, and an immersive, one-year, full-time Sloan Fellows MBA program.
05
The University of Chicago Booth School of Business
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QS Global Rank #14
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Duration: 21 months
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Avg. GMAT Score: 731
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Avg. Work Experience: 5 years
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Fee (USD) >$120k
Chicago Booth offers the world’s most flexible full-time MBA program. It helps students build upon their existing academic and professional backgrounds, bringing them closer to their goals. Their multidisciplinary approach to problem-solving empowers students with frameworks for freethinking and sound decision making.
MBA in USA Requirements
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Academic qualifications: You may need a bachelor's degree from a recognized institution with a minimum score of 75% or equivalent CGPA.
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GMAT score: The GMAT is a prerequisite for applying to any American university and tests reading, writing, analytical, verbal, quantitative, and problem-solving skills. A GMAT average score of 621 out of 805 is considered good score to take Admit in good university.
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English language proficiency: Some programs require scores on the IELTS or TOEFL to demonstrate English language proficiency
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Extra-Curricular Activities: Art, Sports, community activity (like Community theater, event organizing, festival staff, and various other activities), State/National/International Level participation Declamations, Model United Nations, Olympiad, and several more.
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Other requirements:
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Academic transcripts: Programs review transcripts to see if applicants meet prerequisite requirements and are likely to succeed in graduate-level classes
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Application Essays/SOP: A short document that explains the applicant's motivation for applying for an MBA and their plans for using the degree
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Letters of Recommendation: Some programs may require one or two letters of recommendation
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Work experience: Some programs require at least 2–3 years of work experience
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Post Study Stay Back Options
F1-visa will allow students to stay for 60 days after completing their MBA studies in the USA. To stay for a longer period post obtaining an MBA degree in the USA, students have to apply for one of the following visas:
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Optional Practical Training (OPT)
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H-1B visa
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Optional Practical Training (OPT) refers to temporary employment for students relating to their field of study. Eligible students can receive up to 12 months of OPT employment.
Post-completion OPT: Students can apply for this option after completing their studies. Those who are authorized for post-completion OPT can work either part-time or full time. OPT allows students to stay and work in the United States for 12 months.
STEM (Science, Technology, Engineering, Mathematics) students get an opportunity to apply for a 24-month extension on their post-completion OPT, provided they have been granted the initial 12-month post-completion OPT and are in the valid period of OPT.
There are a few MBA programs offered USA that are designated as STEM courses. These are general business degrees with an emphasis on STEM applications.
The H-1B visa is an employment-based, non-immigrant visa for temporary workers. An F-1 student visa can be transferred to an H-1B visa if one’s US employer is willing to sponsor. With an H-1B visa, one can live and work for up to 6 years in the US.
