Top 10 MBA Colleges in USA for Indian Students in 2024

List of 10 Best MBA Colleges in USA 

The best colleges for an MBA in the USA are known for their excellent educational environment, outstanding industrial exposure, and high ROIs in terms of great employability rates.

Here is the list of the top 10 MBA colleges in the USA:

• Stanford Graduate School of Business, Stanford University
• Penn School of Business, Wharton University
• Harvard Business School, Harvard University
• Sloan Business School, Massachusetts Institute of Technology
• Columbia Business School, Columbia University
• Kellogg School of Management, Northwestern University
• Haas Business School, University of California Berkeley
• Booth School of Business, University of Chicago
• Anderson School of Management, UCLA
• Yale School of Management, Yale University

Find out why these universities are renowned for their Master of Business Administration programs below.

1. Stanford Graduate School of Business

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. It is a full-time two-year program, equipping students with a general understanding of management principles. Numerous Stanford GSB alumni globally are working tirelessly to impact the world, being employed at top companies like Google, Apple, McKinsey, and more.

2. Penn School of Business

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. It's a good fit for those who want a strong foundation in business fundamentals, combined with the flexibility to explore specific areas of interest, and who value being part of a supportive and collaborative learning community. An MBA from Wharton promises a high ROI, as depicted by the high median base salary of USD 165,000 / INR 1,37,71,900 for the class of 2023.

3. Harvard Business School

An HBS MBA 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. An MBA from Harvard is also beneficial to Indians who dream of global careers, as the program the FIELD Global Immersion, where students work in a company in one of many possible locations around the world for a week. Over the years, HBS has graduated a wide range of people, including Fortune 500 CEOs, Silicon Valley entrepreneurs, and even a US President, and you can be one of them too.

4. Sloan Business School

One of the most prominent business institutions in the world 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. According to a report published by MIT Employment Report, MBA graduates saw an average pay increase of 110% within three years of graduation, to approximately USD 175,000 / INR 1,46,06,560. This implies that MIT MBA program graduates should expect significant returns on their investments.

5. Columbia Business School

Columbia Business School is recognized worldwide 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. Columbia's proximity to industry leaders and corporations facilitates ongoing knowledge exchange. It serves as a doorway to the best of the New York City and global business world.

6. Kellogg School of Management

If you're looking for a top-tier MBA program that will prepare you for leadership roles in the business world, Kellogg School of Management is a strong contender. 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. There are many opportunities for experiential learning at Kellogg, including 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.

7. Haas Business School

Berkeley is a great place to be if you're interested in innovation, entrepreneurship, and sustainability. The school's highly selective two-year MBA program enrols 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. 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.

8. Booth School of Business

A highly esteemed degree, an MBA 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. Top firms across diverse areas, including consulting, finance, technology, healthcare, and more, highly value Booth alumni. According to a report published by Booth's employment report in 2023, MBA graduates experienced a roughly 13% increase in their median base salary to USD 180,000 / INR 1,46,06,660 and received median signing bonuses of USD 30,000 / INR 25,03,980. 

9. Anderson School of Management

Indian students pursuing an MBA at UCLA could anticipate a substantial return on their investment and a promising business career. A wide range of career opportunities, internationally recognized teachers, and a varied student body are provided by the program. From the beginning of the program, students can tailor their coursework with over 115 elective courses and 15 alternative specializations. Furthermore, the program's focus on innovation and entrepreneurship gives graduates the abilities and information needed to succeed in the rapidly evolving today's corporate world. 

10. Yale School of Management

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. Their generous financial aid programs include loan forgiveness options and the Yale SOM Entrepreneurial Fellowship, which helps cover loan interest payments during a critical time for new businesses. Yale MBA grads typically see a significant increase in salary and land leadership positions across various industries after graduation, with an average income rise of 107% three years out.

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Explore the details of the 10 top MBA colleges in the USA for international students, through the table below:

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Scholarships offered by Top MBA Colleges in the USA

All students interested in pursuing a Master's in Business Administration can apply for scholarships and financial aid from the top business schools in the USA. These options enable gifted and qualified students to attend the best universities at a reasonable cost. Listed below are the best MBA scholarships offered by renowned business schools in the United States. Read on to know their features and eligibility criteria! 

1. Stanford Graduate School of Business Scholarships

Promising individuals can finance their educational dreams with various scholarships and fellowships offered by the Stanford Graduate School of Business. The school bestows scholarships totalling from USD 40,000 - 80,000 / INR 33,33,540 - 66,67,080 annually. The Stanford GSB Need-Based Fellowship and the Stanford Reliance Dhirubhai Fellowship cover the entire cost of tuition for Indian applicants, and the 80% cost of attendance for other international students.

2. Wharton School of Business

The University of Pennsylvania's Wharton School boasts an excellent financial aid program. All applicants are considered by the university for the Wharton Fellowship Program. Candidates are evaluated for the fellowship program based on their merit, taking into account extracurricular activities, leadership abilities, and community service. Other financial aid is also available through the business school, including the Joseph Wharton Fellowship, the Emerging Economy Fellowship, and the Social Impact Scholarship.

3. Harvard Business School Scholarships

The best MBA program in the United States is offered by Harvard University's, Harvard Business School. The university provides tuition aid and need-based scholarships to all eligible international students. Every financial aid package is customised to each candidate, considering their distinct financial needs. The Harvard Business School annual scholarships are estimated to be around USD 42,000 / INR 35,00,220 and are funded by the school's alumni.

4. Sloan School of Management

MIT's Sloan School of Management is among the top business schools in the United States. The university offers financial aid to all its applicants in the form of merit-based fellowships. Students may apply for the McKinsey Award at any time during the application process. McKinsey and Company offers a USD 10,000 / INR 8,33,390 award to students who demonstrate extraordinary talent, leadership skills, personality attributes, and job experience.

5. Columbia Business School

Scholarships and fellowships are awarded by the Business School at Colombia University per the qualifications or needs of accepted applicants. These scholarships cover the tuition costs, and the grant amounts range from USD 7,500 - 30,000 / INR 6,25,040 - 25,00,160 for the chosen candidates. Fellowships such as the Meyer Feldberg Distinguished Fellowship Program for brilliant students and the Columbia Fellow are available to Indian students.

6. Kellogg Scholarship (Kellogg School of Management)

At Kellogg, 62 per cent of students have some form of financial aid, whether it's a loan or a scholarship. Recipients are admitted to full-time MBA programs based on their merit and other accomplishments. Other scholarships offered by the institution include the Donald P. Jacobs International Scholarship, the Diversity Scholarship, the Kellogg Finance Network Scholarship, and others. Every student who is accepted is instantly eligible to apply for any merit scholarships.

7. UC Berkeley Haas School of Business

The UC Berkeley Haas School of Business offers need-based scholarships, such as grants and fellowships through the Center for Equity, Gender, and Leadership and the Center for Responsible Business, to qualifying students. All admitted candidates can apply for need- and merit-based scholarships at the Haas School of Business.

8. Chicago Booth School of Business Scholarships

Merit-based scholarships from the University of Chicago's Booth School of Business are awarded to deserving applicants. Students need not submit a separate application to be considered for the meritorious scholarships. All applications are considered by default. Additionally, the school offers exceptional students the Global Innovator Fellowship. Regional awards such as the Ramakrishnan Family Fellowship and the A.H. Tobaccowala Fellowship are exclusively available to Indian citizens.

9. UCLA Anderson Scholarships

The UCLA Anderson School of Management offers merit and donor scholarships to all accepted students. Regardless of nationality, all students are considered for these scholarships. The UCLA Anderson FEMBA Dean's Fellowship is intended for recent graduates who require financial assistance; recipients may receive up to USD 30,000 / INR 25,00,160 in funding. 

10. Tuck School of Management

Promising students who are accepted into the Tuck School Management can apply for scholarships, fellowships, and sponsorships. The school offers financial grants ranging from USD 10,000 / INR 8,33,390 to full tuition, contingent on the student's academic performance, leadership potential, and adaptability.

From the Desk of Yocket

Now that you know the varied scholarships you can apply for to alleviate the financial burden of pursuing an MBA in the United States, let us revisit the most important aspect of pursuing an MBA in the USA.

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