Did you know? - the USA is home to some of the world’s top MBA programs, with over 1,000 business schools offering MBA!
For Indian students, pursuing an MBA in the USA is a chance to access unparalleled education, career opportunities, and a prestigious degree that’s recognised worldwide. But let’s be honest—the cost of an MBA in the USA can often feel overwhelming, with tuition fees at some schools exceeding ₹1 crore!
The good news? There are affordable MBA colleges in the USA for Indian students that offer quality education without emptying your wallet. With fees as low as ₹11 lakh per year, these programs deliver exceptional value and strong career outcomes.
Key Highlights:
- Some of the cheapest MBA colleges in the USA are the University of South Dakota, Cameron University and the University of Buffalo.
- Annual tuition fees for affordable MBA programs in the USA range from ₹11 lakh to ₹28.5 lakh.
- Finance and business analytics are among the most sought-after specialisations at these low-cost MBA colleges in USA.
- The average salary after studying at these MBA colleges is USD 60,000 (INR 50 Lakh).
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Table of Contents |
10 Most Affordable MBA Colleges in the USA for Indian Students
Finding a high-quality MBA program in the USA without breaking the bank is more than just a dream—it’s achievable. Universities like the University of South Dakota, Southeast Missouri State University, and Cameron University not only offer top-notch education but also ensure that affordability doesn’t come at the cost of quality. These universities not only offer top-notch education but also ensure that affordability doesn’t come at the cost of quality.
For Indian students, this means accessing a globally recognised MBA while staying within budget.
Below is a list of the top 10 affordable MBA colleges in the USA:
|
University |
QS World Ranking 2025 |
Annual Tuition Fees (USD) |
Annual Tuition Fees (INR) |
|---|---|---|---|
|
University of South Dakota |
- |
19,268 |
₹16 lakh |
|
Cameron University |
- |
26,700 |
₹22 lakh |
|
Southeast Missouri State University |
- |
13,867 |
₹11.5 lakh |
|
Central Michigan University |
1201–1400 |
14,994 |
₹12.5 lakh |
|
Worcester State University |
901–950 |
17,366 |
₹14.5 lakh |
|
Minnesota State University |
203 |
13,442 |
₹11 lakh |
|
University of Buffalo |
466 |
34,338 |
₹28.5 lakh |
|
San Francisco State University |
1201–1400 |
20,049 |
₹16.5 lakh |
|
Missouri State University |
- |
30,250 |
₹25 lakh |
|
University of Tampa |
- |
28,576 |
₹24 lakh |
Let’s get into details:
1. University of South Dakota
The University of South Dakota stands out as one of the cheapest MBA colleges in the USA for Indian students, offering high-quality education at an affordable price. With tuition fees of just USD 19,268 (₹16.06 lakh) per year, it’s a top choice for students looking for affordable MBA programs in the USA.
The university’s MBA program is designed to develop strong analytical and critical thinking skills while keeping the costs manageable for international students.
|
University of South Dakota Ranking 2025 |
#273 |
|
Popular MBA Programs |
|
|
Average Tuition Fees Per Year |
USD 19,268 (₹16 lakh) |
|
Accreditation |
Association to Advance Collegiate Schools of Business (AACSB) |
|
Course Duration |
24 months |
Studying for an MBA is an expensive deal. However, there are many cheap MBA colleges in the USA for Indian students. These offer quality education at affordable costs. With a high ROI and excellent career opportunities, an MBA is the best choice for your career progression. Want to learn more about the best cheap MBA colleges in the US? Book a free consultation call today now!
2. Cameron University
Cameron University is often hailed as one of the most affordable MBA colleges in the USA for Indian students. With annual tuition fees of USD 26,700 (₹22.26 lakh), this university delivers exceptional education without the hefty price tag.
Its MBA program is particularly popular among working professionals seeking affordable MBA programs in the USA with flexible schedules.
|
Cameron University QS World University Ranking 2025 |
- |
|
Popular MBA Programs |
Masters of Business Administration |
|
Average Tuition Fees Per Year |
USD 26,700 (₹22 lakh) |
|
Accreditation |
Accreditation Council for Business Schools and Programs (ACBSP) |
|
Course Duration |
12-24 months |
3. Southeast Missouri State University
Known for offering one of the cheapest MBAs in the USA for Indian students, Southeast Missouri State University keeps tuition costs as low as USD 13,867 (₹11.56 lakh) per year. This makes it an ideal option for students aiming to pursue an affordable MBA in the USA without compromising on quality.
The university is perfect for those seeking budget-friendly MBA opportunities.
|
Southeast Missouri World University Ranking 2025 |
#82 |
|
Popular MBA Programs |
Master of Business Administration |
|
Average Tuition Fees Per Year |
USD 13,867 (₹11.5 lakh) |
|
Accreditation |
Association to Advance Collegiate Schools of Business (AACSB) |
|
Course Duration |
12-24 months |
4. Central Michigan University
Central Michigan University combines affordability with flexibility, making it a favorite among international students. With tuition fees of USD 14,994 (₹12.5 lakh) per year, it is one of the most affordable MBA colleges in the USA.
Students at CMU benefit from its AACSB-accredited MBA program, which is tailored to meet global business needs at an accessible cost.
|
CMU World University Ranking 2025 |
1201-1400 |
|
Popular MBA Programs |
Master of Business Administration |
|
Average Tuition Fees Per Year |
|
|
Accreditation |
Association to Advance Collegiate Schools of Business (AACSB) |
|
Course Duration |
24 months |
Suggested: Jobs and Salary After MBA in the USA
5. Worcester State University
Worcester State University ranks as one of the cheapest universities for an MBA in the USA, offering tuition fees of just USD 17,366 (₹14.48 lakh) annually. This university’s focus on preparing students for executive roles in business, combined with its affordability, makes it a top choice for those seeking affordable MBA programs in the USA.
|
Worcester State University Ranking 2025 |
901-950 |
|
Popular MBA Programs |
Master of Business Administration |
|
Average Tuition Fees Per Year |
USD 17,366 (₹14.5 lakh) |
|
Accreditation |
Accreditation Council for Business Schools and Programs (ACBSP) |
|
Course Duration |
12-24 months |
Suggested: MBA Fees in USA
6. Minnesota State University
Minnesota State University delivers one of the most affordable MBA programs in the USA, with tuition fees of USD 13,442 (₹11.21 lakh) per year. For Indian students, this university offers a budget-friendly option to gain high-quality education and leadership skills, making it a standout among affordable MBA colleges in the USA for Indian students.
|
QS World University Ranking 2025 |
203 |
|
Popular MBA Programs |
Master of Business Administration (On-campus and Online) |
|
Average Tuition Fees Per Year |
USD 13,442 (₹11 lakh) |
|
Accreditation |
Association to Advance Collegiate Schools of Business (AACSB) |
|
Course Duration |
12-24 months |
Suggested: 5 Best Universities for Executive MBA in the USA
7. University of Buffalo
The University of Buffalo is a top-ranked institution offering an MBA with annual tuition fees ranging from USD 24,000 to 26,000 (₹20–21.68 lakh). While slightly higher than others on this list, it is still considered one of the most affordable MBA colleges in the USA for students looking for exceptional value and career opportunities.
|
University of Buffalo Ranking 2025 |
466 |
|
Popular MBA Programs |
|
|
Average Tuition Fees Per Year |
USD 34,338 (₹28.5 lakh) |
|
Accreditation |
Association to Advance Collegiate Schools of Business (AACSB) |
|
Course Duration |
24 months |
Suggested: Expenses Before Leaving to Study in the US
8. San Francisco State University
San Francisco State University offers one of the most affordable MBA programs in the USA, with tuition fees starting at just USD 20,049 (₹16.71 lakh) annually. For Indian students looking for an MBA in a vibrant city with great ROI, this is one of the cheapest MBA colleges in the USA for Indian students.
|
San Francisco State University Ranking 2025 |
1201 - 1400 |
|
Popular MBA Programs |
|
|
Average Tuition Fees Per Year |
USD 20,049 (₹16.5 lakh) |
|
Accreditation |
Association to Advance Collegiate Schools of Business (AACSB) |
|
Course Duration |
24 months |
Suggested: MBA in the USA Without Work Experience
9. Missouri State University
Missouri State University is known for its flexible MBA formats and affordability, with annual tuition fees of USD 30,250 (₹25.22 lakh). While it’s slightly on the higher side for this list, it remains one of the affordable MBA colleges in the USA that offers value-packed programs for Indian students.
|
Missouri State World University Ranking 2025 |
NA |
|
Popular MBA Programs |
|
|
Average Tuition Fees Per Year |
USD 30,250 (₹25 lakh) |
|
Accreditation |
Association to Advance Collegiate Schools of Business (AACSB) |
|
Course Duration |
18-24 months |
Suggested: All about STEM MBA in the USA
10. University of Tampa
The University of Tampa delivers a high-quality MBA program at an affordable cost. With tuition fees of USD 28,576 (₹23.82 lakh) per year, it is a great choice for those seeking the cheapest universities for an MBA in the USA.
Its focus on practical business training and innovation makes it a favorite among Indian students.
|
Tampa World University Ranking 2025 |
NA |
|
Popular MBA Programs |
|
|
Average Tuition Fees Per Year |
USD 28,576 (₹24 lakh) |
|
Accreditation |
Association to Advance Collegiate Schools of Business (AACSB) |
|
Course Duration |
12-24 months |
Return on Investment of Studying Affordable MBA in the USA
The average salary after graduating from one of the above mentioned cheapest MBA colleges in USA can vary widely based on factors such as the industry, job function, geographic location, and the individual's prior work experience. However, even low-cost MBA programs in the USA can lead to lucrative career opportunities. Below are some general salary expectations for graduates from these affordable MBA colleges in the USA:
|
University |
Average Annual Salary (USD) |
Average Annual Salary (INR) |
|---|---|---|
|
Arkansas State University, Jonesboro |
63,000 |
52,51,570 |
|
Lousiana Tech University, Ruston |
72,000 |
60,01,800 |
|
Seattle Pacific University, Seattle |
71,000 |
59,18,440 |
|
Delta State University, Cleveland |
67,000 |
55,85,010 |
|
California State University, Fullerton |
75,000 |
62,51,880 |
Types of MBA Programs in the USA
Beyond the traditional 2-year MBA, U.S. colleges offer various MBA options tailored to different needs, schedules, and budgets. MBA programs in the USA can be categorized into five main types:
- Full-time MBA: This program is intended for students who can commit to full-time study and leave their jobs to attend weekday classes.
- Part-time MBA: Suitable for professionals who wish to enhance their managerial skills while continuing to work. Often referred to as Evening or Weekend MBA programs, these classes are scheduled outside regular work hours. Part-time MBA programs typically have lower tuition costs compared to full-time programs.
- Executive MBA: Geared towards seasoned professionals, including executives, managers, and entrepreneurs, this program is designed for those who are already established in their careers.
- Global MBA: Focused on international business, this program offers students exposure to global markets through classes held in diverse settings and sometimes in different countries.
- Dual MBA: This option allows students to pursue an additional Master's degree alongside their MBA, combining two areas of expertise.
MBA Scholarships in the USA
There are several options to finance your MBA in the US, including federal and state student aid, student loans, savings plans, and scholarships. Many scholarships for MBA programs in the US are provided by schools, employers, individuals, private companies, communities, religious groups, and various organizations (both social and professional). These scholarships are often based on merit, financial need, or diversity.
Here are some well-known scholarships available at top US universities:
|
Name of University |
Scholarship |
Eligibility |
Award Amount |
|---|---|---|---|
|
Boston University Questrom School of Business |
Social Impact Scholarship |
Meritorious financially backward students at Boston University Questrom School of Business who seek to use core business management skills to address society’s most challenging humanitarian and social problems. |
Amount/ Benefit: $10,000 (INR 8,33,800) to full tuition fees |
|
Wharton Business School |
Wharton Academic Excellence Scholarship |
Domestic and international students who achieve the highest academic performance (GPA) during their second and third semesters of the MBA program at Wharton Business School. |
Amount/Benefit: $10,000 (INR 8,33,800) |
|
Quantitative Finance at Wharton Business School |
Dr. Bruce I. Jacobs Scholars in Quantitative Finance |
Second-year MBA student with a high GPA majoring in Quantitative Finance at Wharton Business School. He/she must complete 9 credits in the first year of their MBA. |
Amount/ Benefit: $25,000 (INR 20,84,510) |
|
UCLA Anderson School of Management |
The International Peace Scholarship |
Female international students looking to study any course including MBA at UCLA Anderson School of Management. It is a merit-based scholarship. |
Amount/ Benefit: $10,000 (INR 8,33,800) |
|
Boston University Questrom School of Business |
Dean’s Scholarship |
Candidates with outstanding professional, academic, and personal qualities pursuing an MBA from Boston University Questrom School of Business. Both domestic and international candidates will be considered for this scholarship. |
Amount/ Benefit: $10,000 (INR 8,33,800) to full tuition fees |
Benefits of Studying MBA in USA for Indian Students
An MBA from the United States can be a transformative step in your career, offering a range of benefits that can propel you to new heights. Here’s why pursuing an MBA in the US might be the right choice for you:
- World-Class Education: US business schools are renowned globally for their rigorous academic standards and innovative teaching methods. Institutions like Harvard, Stanford, and Wharton are consistently ranked among the top in global rankings, providing students with access to cutting-edge research, experienced faculty, and a curriculum designed to develop leadership skills.
- Diverse Specializations: The US offers a wide variety of MBA programs tailored to different interests and career goals. Whether you're interested in finance, marketing, entrepreneurship, technology management, or consulting, you can find specialized programs that align with your aspirations.
- Networking Opportunities: An MBA in the US provides unparalleled networking opportunities. You’ll have the chance to connect with peers, alumni, and industry leaders from around the world. This network can be invaluable for career advancement, mentorship, and business development.
- Global Perspective: Studying in the US exposes you to a diverse and multicultural environment, enhancing your global perspective. This exposure is crucial in today’s interconnected world and can help you develop a more comprehensive understanding of international markets and business practices.
From the Desk of Yocket
Pursuing an MBA in the USA doesn’t have to break the bank. The affordable universities we've listed provide high-quality education and valuable opportunities for international students. With programs designed to meet diverse career goals, these institutions offer a significant return on investment. Salaries for graduates from these affordable programs remain competitive, ensuring that your investment in education pays off.
Ready to take the next step? Let Yocket simplify your application journey with personalized guidance and support. Book your free consultation call today, and start your path toward a successful and affordable MBA in the USA. Don’t let cost deter you—explore these fantastic opportunities and invest in a brighter future!
