MBA: The Why, The Whats & The Hows

Top 10 MBA Colleges in USA for Indian Students in 2024-25

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Yocket Editorial Team
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An MBA in USA is a popular choice for Indian students seeking a bright future. In 2023, Indian students made up about 33.7% of the international MBA cohort, a 5% increase from 2022. Top MBA colleges in the USA include Harvard Business School, Sloan School of Management, and Wharton which come with tuition fees ranging from USD 59,996 to 119,992 (INR 50,00,000 to 1,00,00,000). Despite these costs, the investment can be worthwhile due to the quality of education and career prospects.

Key Highlights of the Blogs:

  • Top MBA Colleges in USA: Harvard Business School, Sloan School of Management, and Wharton
  • Tuition Fees: Stanford University - USD 77,840 (INR 65,00,140), Harvard University - USD 83,828 (INR 70,00,180), University of Pennsylvania - USD 73,050 (INR 61,00,140)
  • Acceptance Rates: Stanford University - 4%, Harvard University - 4%, University of Pennsylvania - 6%

Do you want assistance with streamlining your application to the top MBA colleges in the US, but the financial burden is too much to bear? If yes, explore Yocket Premium today! With premium counseling services and AI-based tools, not only can you conveniently shortlist and apply to several universities but also get assistance with visas and loans!

Table of Contents

10 Best MBA Colleges in the USA: QS Global Rankings 2025

The table below shows some of the top colleges in the USA for MBA, along with their rankings in the QS Global MBA Rankings 2025 and U.S. News & World Report MBA Rankings for 2023-24. These prestigious MBA universities in the USA offer world-class education and various scholarships for international students.

MBA Universities in the USA

QS Global MBA Rankings 2025

U.S. News & World Report MBA Rankings for 2023-24

MIT

1

5

Harvard University

4

6

Stanford University

6

1

University of Pennsylvania

11

1

University of California – Berkeley Campus

12

7

University of Chicago

21

3

Yale University

22

7

Columbia University

34

12

UCLA

42

19

University of Michigan

44

12

Northwestern University

50

3

 

Top 10 MBA Universities in USA: Ranking,Fees & Admission Requirements 

An MBA is a competitive program with several requirements for admission to a top-ranked university. Whether it is a holistic student profile or work experience of 3-5 years, you will need an all-rounded profile that demonstrates your commitment to learning. Here, we will discuss the top MBA colleges in the USA and their admissions requirements:

1. Stanford University

Stanford’s MBA program has been ranked  1 in the QS Global MBA since 2021. With a rich cultural history, hands-on learning experience, international exposure, and high returns on investment, pursuing an MBA from Stanford is worth all the investments.

  • Stanford Graduate School offers concentrations in accounting, business analytics, e-commerce, economics, entrepreneurship, ethics, finance, general management, etc.
  • Alumni of Stanford GSB are Jon Abbott, Stephen Adams, Andrew Agwunobi, Javed Ahmed, Herbert M., and many more.
  • The average salary of an MBA graduate after studying MBA at Stanford is around USD 1,75,000 (INR 1,46,13,210).

Stanford University QS Ranking 2025

1

Average fees

USD: 77,840

INR:  65,00,140

GMAT/GRE Scores

GRE: 340

GMAT: 650+

English language proficiency score

(TOEFL/IELTS)

TOEFL: 100

IELTS: 7

Work experience required

Average 4.9 years

2. University of Pennsylvania(Wharton)

Wharton's MBA program offers a strong foundation in core business disciplines while allowing students to choose from 19 majors and nearly 200 electives to tailor their studies to their interests and career goals.

  • Wharton School offers concentrations in accounting, business analytics, real estate, marketing, entrepreneurship, etc.
  • Alumni of Wharton are Sundar Pichai, Elon Musk, Donald Trump, John Sculley, Alex Gorsky, Anil Ambani, Karthik Reddy, and many more.
  • The average salary of an MBA graduate after studying MBA at the University of Pennsylvania is around USD 165,000 (INR 1,37,71,900).

The University of Pennsylvania QS Ranking 2025

2

Average fees

USD: 83,828

INR: 70,00,180

GMAT/GRE Scores

GMAT: 733

GRE: 324

English language proficiency score

(TOEFL/IELTS)

TOEFL: 80

IELTS: 6.5

Work experience required

Average 5 years

3. Harvard University

An HBS MBA program is a prestigious credential that can open doors to senior leadership positions. The program equips you with the expertise and experience to excel in various industries. HBS exposes students to diverse viewpoints and prepares them to operate in a globalized business environment, by conducting debates pioneering case study methods.

  • HBS offers concentrations in accounting, business analytics, consulting, e-commerce, economics, entrepreneurship, ethics, finance, general management, health care administration, etc.
  • Alumni of HBS are Henry Paulson, Sheryl Sandberg, Jim Koch, Michael Bloomberg, and many more.
  • The average salary of an MBA graduate after studying MBA at Harvard is around USD 1,75,000 (INR 1,46,13,210).

Harvard University QS Ranking 2025

3

Average fees

USD: 73,050

INR: 61,00,140

GMAT/GRE Scores

GMAT: 730

English language proficiency score

(TOEFL/IELTS)

TOEFL: 109

IELTS: 7.5

Work experience required

Min. 24 months

4. MIT

One of the most prominent MBA universities in the USA is MIT Sloan School of Management, and earning an MBA from there can help you establish a solid reputation and demand. With a special emphasis on entrepreneurship and innovation, Sloan's MBA program equips students with the know-how and abilities needed to propel ideas to excel in their fields.

  • MIT offers concentrations in accounting, business analytics, entrepreneurship, ethics, finance, general management, health care administration, etc.

  • Alumni of Sloan are Magid Abraham, Duane Ackerman, Kofi Annan, and many more.

  • The average salary of an MBA graduate after studying MBA at Sloan is around USD 1,75,000 (INR 1,46,13,210).

MIT QS Ranking 2025

6

Average fees

USD: 82,630

INR: 69,00,140

GMAT/GRE Scores

GMAT: 70

GRE: 310

English language proficiency score

(TOEFL/IELTS)

TOEFL: 90

IELTS: 7

Work experience required

Average 5 years

5. Columbia University

Columbia’s MBA program is one of the recognized MBA colleges in the USA for providing exceptional business education. It offers a full-time MBA program designed to be completed in either 20 months (with a summer internship) or 16 months (without a summer internship).

  • The program combines a strong core curriculum in areas like finance, accounting, marketing, and leadership with a wide range of elective courses that allow students to specialize in specific industries or functional areas. 
  • The average salary of an MBA graduate after studying MBA at Columbia is around USD 1,75,000 (INR 1,46,13,210).

Columbia University QS Ranking 2025

7

Average fees

USD: 83,828

INR: 70,00,180

GMAT/GRE Scores

GMAT: 730

GRE: 326

English language proficiency score

(TOEFL/IELTS)

TOEFL: 105

IELTS: 7.5

Work experience required

3 - 7 years

6. Northwestern University

The MBA program at Northwestern University will prepare you for leadership roles in the business world.  This MBA college in the USA is known for offering opportunities for experiential learning such as the Private Equity Lab, which provides internships with businesses, and the Growth Strategy Practicum, which lets students investigate the difficulties faced by growth-stage companies.

  • MBA candidates at Kellogg can select from varied majors - such as accounting, finance, or marketing - as well as a "pathway" that allows them to concentrate on a certain industry or skill set. Recently added pathways include Diversity, Equity and Inclusion, Technology Management, and Energy and Sustainability.
  • Alumni of Kellogg are Donald Jacobs, Keith Sherin, Ann Fudge, and many more.
  • The average salary of an MBA graduate after studying MBA at Kellogg is around USD 1,64,000 (INR 1,36,94,660).

Northwestern University QS Ranking 2025

12

Average fees

USD: 73,050 - 1,06,581

INR: 61,00,140 - 89,00,210

GMAT/GRE Scores

GMAT: 729

English language proficiency score

(TOEFL/IELTS)

TOEFL: 95

IELTS: 7.5

Work experience required

At least 2 years

7. University of California – Berkeley Campus

The MBA program at Berkeley is one of the best MBA colleges in the USA for international students interested in innovation, entrepreneurship, and sustainability.  The Haas alumni network offers valuable connections and career opportunities. The school also offers personalized career services to help you land your dream job post-graduation.

  • The school's highly selective two-year MBA program enrolls 500+ students, with 14+ required courses in the core curriculum that build upon one another to foster essential analytical and leadership skills like finance, marketing, and accounting.
  • Alumni of HaaS are Donald Fisher, John Hanke, and many more.
  • The average salary of an MBA graduate after studying MBA at the University of California is around USD 155,000 (INR 1,29,43,120).

University of California – Berkeley QS Ranking 2025

13

Average fees

USD: 26,346 - 80,235

INR: 22,00,060 - 67,00,140

GMAT/GRE Scores

GMAT: 733

GRE: 324

English language proficiency score

(TOEFL/IELTS)

TOEFL: 90

IELTS: 7

Work experience required

Minimum 2 years

8. University of Chicago

A highly esteemed degree and an MBA program from the University of Chicago Booth School of Business can lead to substantial advantages and promising employment opportunities. Booth places a great focus on entrepreneurship, giving you the knowledge and abilities to start or run creative businesses.

  • MBA candidates at Chicago can select from varied majors - such as consulting, finance, technology, healthcare, and many more.
  • Alumni of Chicago are George Conrades, Peter Labore, Mark Loughridge, and many more.
  • The average salary of an MBA graduate after studying for an MBA at Booth is around USD USD 180,000 (INR 1,46,06,660).

University of Chicago QS Ranking 2025

14

Average fees

USD: 49,100 - 76,642

INR: 41,00,170 - 64,00,110

GMAT/GRE Scores

GMAT: 728

English language proficiency score

(TOEFL/IELTS)

TOEFL: 104

PTE: 70

Work experience required

3 years

9. New York University

An MBA from New York University has consistently made its place among the top global universities. International students prefer this course at New York University due to its high graduate employability rate.

  • MBA candidates in New York can select from varied majors - such as consulting, accounting, business analytics finance, technology, and many more.
  • The average salary of an MBA graduate after studying MBA in New York is around USD USD 170,000 (INR 1,41,95,690).

New York University QS Ranking 2025

15

Average fees

USD 81,430

INR 67,99,930

GMAT/GRE Scores

GMAT: 733

GRE:325

English language proficiency score

(TOEFL/IELTS)

TOEFL: 100

IELTS: 7.5

Work experience required

Average 5 years

10. Yale University

An MBA from Yale School of Management (SOM) can offer several advantages for your career and personal development. A global perspective is embedded throughout the program, culminating in a Global Network Week experience. This exposure prepares you for success in the international business landscape.

  • Yale offers concentrations in leadership, behavioral economics, operations management, marketing, entrepreneurship, organizational behavior, etc.
  • Alumni of Yale are Bradley Abelow, Chidi Chike Achebe, Peter H. Ammon, Tom Ascheim, Beth Axelrod, and many more.
  • The average salary of an MBA graduate after studying MBA at Yale is around USD 1,60,000 (INR 1,33,60,650).

Yale University QS Ranking 2025

16

Average fees

USD: 45,506 - 81,433

INR: 38,00,040 - 68,00,180

GMAT/GRE Scores

GMAT: 720

GRE: 320

English language proficiency score

(TOEFL/IELTS)

TOEFL: 100

IELTS: 7

Work experience required

Average five years

 

Check out our YouTube video on: How to get into NYU for MBA?

Best MBA Colleges in USA: Acceptance Rate

The table below shows the acceptance rate of the top universities for MBA in USA. It also shows the average GPA required to secure admission for MBA in USA.

MBA Universities in USA

Acceptance Rate

Average GPA

MIT

4%

3.88

Stanford University

4%

3.76

University of Pennsylvania

6%

3.6

University of California – Berkeley Campus

15%

3.0 or more

Harvard University

4%

3.7

Columbia University

6%

3.6

Yale University

5%

3.69

Northwestern University

7%

3.7

University of Chicago

6%

3.6

New York University

27%

3.62

Suggested: What is the Cost of an MBA in the USA for Indian Students?

What is the Cost of Studying at Top MBA Colleges of USA?

When considering an MBA in the United States, understanding the costs involved is crucial. Tuition fees and living expenses can vary significantly between universities. Below is a breakdown of the first-year tuition fees and approximate living costs for some of the top MBA universities in the USA:

MBA Colleges in USA

1st-Year Tuition Fee

Living Cost (Approximate)

MIT

USD 82,630 

INR 69,00,000

USD 29,938

INR 25,00,000

Stanford University

USD 77,840

INR 65,00,000

USD 37,123

INR 31,00.000

University of Pennsylvania

USD 83,828

INR 70,00,000

USD 32,333

INR 27,00,000

University of California – Berkeley Campus

USD 26,346 - USD 80,235

INR 22,00,000 - INR 67,00,000

USD 32,333

INR 27,00,000

Harvard University

USD 73,050

INR 61,00,000

USD 40,720

INR 34,00,000

Columbia University

USD 83,828

INR 70,00,000

USD 16,765

INR 14,00,000

Yale University

USD 45,506 - USD 81,433

INR 38,00,000 - INR 68,00,000

USD 9580

INR 8,00,000

Northwestern University

USD 73,050 - USD 1,06,581

INR 61,00,000 - INR 89,00,000

USD 34,728

INR 29,00,000

University of Chicago

USD 49,100 - USD 76,642

INR 41,00,000 - INR 64,00,000

USD 25,148

INR 21,00,000

New York University

USD 1,06,581

INR 68,00,000

USD 37,123

INR 31,00.000

Suggested: What is the Salary for an MBA in the USA?

How to Choose the Right College for an MBA in USA?

Choosing the right MBA program in the USA is a big decision, and there are many factors to consider. Here are some key things to think about!

From the Desk of Yocket

Getting into the top business schools in the US is not a piece of cake, especially because of the highly competitive acceptance rates. You need to be an early bird and build a strong application to get considered for admission. Moreover, knowing the hows and whens of university, visa, and scholarship application deadlines is of utmost importance.

If you feel overwhelmed with all these responsibilities, our Yocket experts are here to share them! Get end-to-end and personalized assistance for scholarships and university applications. Moreover, stay up-to-date with every deadline while you prepare for the necessary standardized exams for an MBA in the US! Schedule A FREE Video Consultation Call Today!

Frequently Asked Questions on Best MBA Colleges in USA

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