What is the average cost of studying for an MBA in the USA?

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

Is USA MBA college fees for Indian students expensive?

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

How much does Harvard MBA cost for Indian students?

The MBA fees in the USA for Harvard cost anywhere between INR ₹56,00,000 - INR ₹60,00,000 per year for Indian students.

Are there cheap universities for pursuing an MBA in the USA?

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

Can Indian students find scholarships for studying for an MBA in the USA?

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

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

The United States continues to remain the most sought-after destination for studying abroad. For an MS? Absolutely. For an MBA? Surprisingly YES.

MBA is one of the most dynamic and highly sought-after degrees among international students today in the US. As per Poets & Quants, the Open Doors Report and other data about international students, the average Indian student population among non-US resident students across all programs is 26%. In the top USA B-schools, it is 28.5%.

MBA in the USA, just like the one in India, 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 ones too. The MBA fees in the USA for Indian students can be anywhere between INR ₹50 lacs to INR ₹1 Crore for top universities.

Though the USA is one of the costliest places for pursuing an MBA and the costs can be overwhelming for students, the investment is going to be worth it. And you can also ease the burden by looking for scholarships! Yes, finding the scholarships where you not only qualify but also successfully avail it is difficult to find. But not for our Premium Yocketers!

With Yocket Premium, you get dedicated, unbiased, end-to-end counselling throughout your study abroad journey. And with veterans guiding you, finding and availing of a scholarship becomes easier!

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For now, you will find all information regarding top MBA colleges in the USA with fees, living expenses, affordable universities & more!

Table of Contents:

What is the Cost of Studying an MBA in USA?
Expenses Incurred by Students Before Going to USA
Top MBA Colleges in USA with Fees
Cost of Living in USA for International Students
MBA in USA Fees vs Other Countries

What is the Cost of Studying an MBA in USA?

The total cost of pursuing an MBA in the USA ballparks in the range of USD $160,000 to USD $180,000 per annum. This figure includes the tuition fees for your MBA in the USA, which lies between USD $60,000 to USD $80,000 per annum, along with the living expenses to study an MBA in the USA, coming in at anywhere between USD $8,000 to USD $10,000 per month.

It is important to note that the total cost of pursuing an MBA in the USA for you is directly affected by the university you choose and the standard of living you opt for. Obviously, certain costs cannot be avoided like insurance, books, commute, etc.

Suggested: All about MBA in the USA!

But even before you go, what kind of expenses can you expect? Since you are here, you get answers to that too. 😉

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 the USA, mainly pre-arrival expenses. The pre-arrival expenses that are a part of the MBA in the 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 the USA costs:

Expense	Amount (in USD)	Amount (in INR)
IELTS registration fee	$245-255	INR ₹20,100 - INR ₹19,600
TOEFL Registration Fee	$190	INR ₹15,600
GRE Registration Fee	$205	INR ₹16,900
GMAT Registration Fee	$275	21,000 INR
Visa Application Fee	$160	INR ₹22,550
SEVIS Fee	$350	INR ₹28,700
Airfare	$390-1300	INR ₹32,000 - INR ₹1,10,000

GRE Accepting Universities in USA for MBA

After arriving in the USA, you will be paying for MBA in US fees, living expenses and other expenses such as visa, insurance, application fee, taxes, etc. Where do these expenses stand? Let’s find them! 🔎

Top MBA Colleges in USA with Fees

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

Tuition Fees for MBA in USA

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

So, how much does an MBA from the top universities in the US cost? 🤔

University Name	Tuition Fees (in USD)	Tuition Fees (in INR)
Stanford Graduate School of Business	$76,950	₹63,10,000
Harvard School of Business	$73,440	₹60,22,000
The Wharton School	$83,320	₹68,32,000
Sloan School of Management	$80,400	₹66,00,000
Columbia Business School	$77,376	₹63,45,000
UC Berkeley - Haas School of Business	$65,360	₹53,59,000
UCLA - Anderson School of Management	$70,847	₹57,80,000
Northwestern University - Kellogg School of Management	$76,368	₹62,63,000
Yale School of Management	$79,000	₹64,78,000
NYU - Stern School of Business	$78,700	₹64,53,000

However, some aspirants may not be able to pay such hefty amounts for an MBA. But if you aspire to pursue your MBA in the US, do not let the fees be the deal-breaker for you!

With Yocket Premium, our dedicated experts will help you find the best education loans, the highest possible scholarship you might be eligible for, and even help you with profile building that can land you teacher assistantships (TA)!

Once you are a Premium Yocketer, your aspirations to study abroad take a lot of steps closure to reality.

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But we will also take you through some of the more affordable universities for an MBA in the USA, with little to no compromise over the quality of education!

Cheap Universities for MBA in USA

Some of the top-ranked global universities offering one of the most affordable MBA courses are right here, let’s jump right into it ⬇️

University Name	Tuition Fees (in USD)
City University of New York	$20,000
Central Michigan University	$26,000
University at Buffalo SUNY	$28,700
San Francisco State University	$35,000
University of Texas at Dallas	$58,720
Southeast Missouri State University	$23,140
Missouri State University	$25,152

: What is the cost of Studying MBA Abroad?

Cost of Living in USA for International Students

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

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

This is what monthly living expenses look like for Indian students in the USA:

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 the USA are costlier than others when talking about Indian students. Specifically, your living expenses will be higher if you are studying in Boston, New York, Stanford, San Francisco, Chicago, Philadelphia, Cambridge, Los Angeles, etc. In a gist, living on the East Coast is a little more expensive when compared to the West Coast.

Here’s a look at the average cost of living for some of the famous college 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

Jobs and Salary after MBA in USA

By now, it must have become clear to you that pursuing an MBA in the USA is not going to be a cheap venture. But that should not deviate you from your dream!

With Yocket Premium, our experts will help you ease the financial burden on you by exploring the best scholarships and loans you can take for your MBA. Well, this and a lot more! So, explore Yocket Premium today!

MBA in USA Fees vs Other Countries

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

Let’s see where the fees of pursuing an MBA in the US for Indian students stand against the rest -

Country	Average Tuition Fees (in USD)	Average Tuition Fees (in INR)
USA	$50,000-60,000	₹41,00,000-49,20,000
UK	$38,000-90,000	₹32,00,000-73,80,000
Canada	$15,000-25,000	₹12,30,000-20,50,000
Australia	$32,000-45,000	₹26,25,000-36,90,000
Germany	$30,000-50,000	₹24,60,000-41,00,000

How to Pursue MBA in USA Without Work Experience?

From the Desk of Yocket

Having learnt about the MBA in the USA cost in rupees, it will be easier for you to prepare a budget for the total cost of doing an MBA in the USA. There is a lot that can be done to lower your expenses and save you 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 the USA can help you go a long way. Keep 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 an MBA in the USA for Indian students, your time, money and efforts will pay off once you graduate with lucrative salary offers from top companies. You will have several promising career opportunities waiting at your doorstep once you complete your MBA journey.