Master in Business Administration (MBA) is one of the most popular and acclaimed professional courses. It prepares students for the challenging mid-level positions in the corporate world.
There is a common notion that MBA graduates are able to multi-task and are highly skilled to meet the targets and organizational goals, while helping to generate higher revenues. This increases the rate of employment among MBA graduates.
While MBA is a universally accepted course, the value of an international degree cannot be ignored. It not only increases the employment opportunities in the home country, but also provides a variety of hands-on experiences.
Let’s look into the details of how to get an MBA degree from the USA.
MBA in the USA
USA is the Mecca of Capitalism and the biggest hub of global economic activities. The stability in the economic conditions and stable job market has made it the most popular destination for MBA course among expats.
The students pursuing MBA in the USA have the advantage of studying in a developed and stable environment with a diverse group of students. However, the level of knowledge and career growth depends a lot on the college too.
Here is the list of the top MBA colleges in USA
Name of the Universities
- Stanford University, CA
- Harvard University
- Northwestern University (Kellogg), IL
- University of Pennsylvania (Wharton), PA
- University of Chicago (Booth), IL
Let’s see the eligibility criteria and other basics for getting selected in a post-graduate course in these colleges.
Eligibility for USA nationals
The criteria for admission vary from one college to another. But criteria like academic attainments, personal achievements and work experiences, etc. are some of the common requirements.
Marks obtained in GMAT (Graduate Management Aptitude Test) and TOEFL (Test of English as a Foreign Language) are considered for admission. A minimum score of 80 in TOEFL and 650 in GMAT are needed by most of the institutes. Another important thing is Application Essay; it’s needed for sorting out suitable candidate.
Candidates with work experience of a couple of years are given preference in the admission process. In addition to that, a letter of recommendation from well designated person is mandatory.
The candidates fulfilling all these criteria are selected for the final stage of admission interview. It is mostly conducted by the faculty members of the colleges.
Eligibility for Expats
In addition to a good GMAT and TOEFL score, a graduate degree from recognized university from the home country is necessary.
Now that you know the eligibility criteria for getting admission in the top MBA colleges in the USA, let’s see the course that you will be undertaking, in some detail.
In the two-year program, the course focuses on providing domain knowledge, with the help of case studies. Undergoing an internship program to practice what’s learned is also a part of the curriculum.
The common subjects that expats opt for are Entrepreneurial Management, Marketing and Operations, Human Resources, IT and Systems, Finance, International Business, Rural Management, etc.
There are two types of B-schools for pursuing MBA course in the USA – State Schools and Private Schools. The cost of studying in each differs from each another.
MBA course in state schools costs somewhere between $20,000 to $40,000 and the cost of the private ones range from $ 40,000 to $ 70,000. In addition to the main course fee there are also the living expenses. Though the cost of living differs from place to place, the average cost per month wouldn’t be lower than $500.
Getting an MBA degree from a stable economy like USA’s has its own perks. It creates a huge impact on graduates career and professional life.
Author Bio: Trisha is a professional writer and has been writing on a variety of topics. Currently she is working with Shiksha.com. She is an ardent reader, a traveler and a passionate photographer. She wants to explore the world and write about whatever comes across her way.