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!
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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) |
|
$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 |
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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.
