Cost of Studying MBA in USA: What is the Cost of MBA in USA for Indian Students? Image
MBA: The Why, The Whats & The Hows

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

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Yocket Editorial Team
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MBA is one of the most dynamic and highly sought after degrees among international students today. MBA in USA is a 2-year program that prepares students for management and executive jobs. Being one of the most coveted programs, it is surely one of the most expensive too. The MBA fees in USA for Indian students can go up to 50,00,000-1,00,00,000 INR for top universities.

Though USA is one of the costliest places for pursuing MBA and the costs can be overwhelming for students, the investment is going to be worth it. In this guide, you will find all information regarding top MBA colleges in USA with fees, living expenses, affordable universities & more!

  Table of Contents:

Expenses Incurred by Students Before Going to USA

There are some expenses that are not usually included in the cost of attendance of top universities in USA, mainly pre-arrival expenses. The pre-arrival expenses that are a part of MBA in USA cost are not covered by any scholarships or financial aid and therefore are strictly out-of-pocket expenses that must be accounted for. If you are wondering what are these pre–arrival expenses and how much you must keep aside for it, then take a look at the table below for pre-arrival MBA in USA cost in rupees:

Expense

Amount (in USD)

Amount (in INR)

IELTS registration fee

$245-255

18,750-19,600 INR

TOEFL registration fee

$190

14,550 INR

GRE registration fee

$205

15,700 INR

GMAT registration fee

$275

21,000 INR

Visa application fee

$160

12,250 INR

SEVIS fee

$350

26,800 INR

Airfare

$390-1300

30,000-100,000 INR

After arriving in USA, you will be paying for MBA in US fees, living expenses and other expenses such as visa, insurance, application fee, taxes, etc. which are discussed below:

Top MBA Colleges in USA with Fees

Feasibility of studying in USA is one of the main factors affecting a student's choice of destination. The cost of MBA in USA for Indian students depends on the tuition fees and living expenses, take a look at the average cost of MBA in USA:

Tuition Fees for MBA in USA

The average cost of MBA in USA is around $50,000-60,000 per year. The MBA fees in USA for Indian students in public universities is relatively lower than private universities. The MBA in USA for Indian students fees may also be higher for top universities and there are always affordable options available for students facing financial constraints.

Here are the top MBA colleges in USA with fees both in USD and INR:

University Name

Tuition Fees (in USD)

Tuition Fees (in INR)

Stanford Graduate School of Business

$76,950

59,00,000 INR

Harvard School of Business

$73,440

56,32,000 INR

The Wharton School

$83,320

63,90,000 INR

Sloan School of Management

$80,400

61,65,600 INR

Columbia Business School

$77,376

59,34,000 INR

UC Berkeley - Haas School of Business

$65,360

50,12,300 INR

UCLA - Anderson School of Management

$70,847

54,33,000 INR

Northwestern University - Kellogg School of Management

$76,368

58,56,400 INR

Yale School of Management

$79,000

60,59,250 INR

NYU - Stern School of Business

$78,700

60,35,230 INR

Cheap Universities for MBA in USA

Take a look at the few cheap MBA in USA for Indian students fees:

University Name

Tuition Fees (in USD)

University of South Dakota

$25,536

Central Michigan University

$26,000

Southeast Missouri State University

$23,140

University of Buffalo

$28,700

San Francisco State University

$35,000

University of Texas

$58,720

Missouri State University

$25,152

Cost of Living in USA for International Students

While discussing the cost of doing MBA in USA, living expenses are an important component. Unlike India, the cost of living in USA is quite high. You will pay for rent of accommodation, groceries, food, transportation, health insurance and miscellaneous expenses. The monthly expenses can also vary depending on where you are within USA and your preferences.

On an average, your annual living expenses will be around $10,000-12,000 i.e. $800-1000 per month. The average cost of living for Indian students will be around 60,000-80,000 INR. You will also have to pay for health insurance ranging between $500-1000 per year.

Take a look at the monthly living expenses in USA for Indian students below:

Expense

Monthly Cost (in USD)

Rent

$200

Food

$400

Transportation

$100-300

Phone/ Internet

$50-150

Electricity bill

$20-50

Personal expenses

$300-600

In terms of cost of living, some cities in USA are costlier than the others. Specifically, your living expenses will be higher if you are studying in Boston, New York, Stanford, San Francisco, Chicago, Philadelphia, Cambridge, Los Angeles, etc. Take a look at the average cost of living in these cities:

City

Average Cost of Living (in USD)

Boston

$1,500-3,000 per month

Los Angeles

$1,500-2,500 per month

New York

$1,700-3,000 per month

Chicago

$1,300-2,500 per month

San Francisco

$2,200-4,000 per month

MBA in USA Fees vs Other Countries

MBA in USA fees for Indian students is more or less affordable compared to some other top countries for pursuing MBA such as UK, Canada, Australia, Germany, etc. Though some universities in USA have much higher tuition fees than the average, at the same time you will have access to a wide range of financial aid specially merit scholarships that will significantly lower your tuition fees.

Take a look at the estimated MBA fees in USA for Indian students vs in other top study abroad destinations:

Country

Average Tuition Fees (in USD)

Average Tuition Fees (in INR)

USA

$50,000-60,000

38,00,000-46,00,000 INR

UK

$38,000-90,000

29,00,000-70,00,000 INR

Canada

$15,000-25,000

11,00,000-19,50,000 INR

Australia

$32,000-45,000

24,00,000-35,00,000 INR

Germany

$30,000-50,000

23,00,000-39,00,000 INR

Having learned about the MBA in USA cost in rupees, it will be easier for you to prepare a budget of the total cost of doing MBA in USA. There is a lot that can be done to lower your expenses and save yourself from cutting a hole in your pocket. First of all, apply for scholarships for international students as early as possible or you can even apply for part-time jobs for international students. Apart from this, basic adjustments in your day to day life while in USA can help you go a long way. Keep a track of your monthly expenses, get yourself a travel pass, take advantage of the student discounts available and if you are renting a place off-campus share it with a few roommates.

Keeping aside the cost of MBA in USA for Indian students, your time, money and efforts will definitely pay off once you graduate with lucrative salary offers from top companies. You will have a number of promising career opportunities waiting at your doorstep once you complete your MBA journey.

Frequently Asked Questions about Cost of Studying MBA in USA

Ques. What is the average cost of studying MBA in USA?

Ans. The average cost of studying MBA in USA is $50,000-60,000 per year. Though the tuition fees for some of the top ranked MBA universities in USA range between $70,000-90,000 per year.

Ques. Is USA MBA colleges fees for Indian students expensive?

Ans. MBA in USA fees for Indian students happens to be the most expensive compared to other countries but also offers a great ROI.

Ques. How much does Harvard MBA cost for Indian students?

Ans. Harvard MBA costs around 56,32,000 INR per year for Indian students.

Ques. Are there cheap universities for pursuing MBA in USA?

Ans. Yes, you will find several cheap universities for pursuing MBA in USA , some of which include University of South Dakota, Cameron University, University of Texas, Central Michigan University, Kelley School of Business among others.

Ques. Can Indian students find scholarships for studying MBA in USA?

Ans. Yes, definitely Indian students can find scholarships for covering USA MBA colleges fees. In fact, top universities offering MBA in USA offer high-value competitive merit scholarships for students. Some of these are Harvard MBA scholarship, MIT Sloan MBA scholarship, Kellogg MBA scholarship, Wharton fellowship, etc.

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