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What is the Cost of Studying an MBA in USA?

Posted on September 9, 2022

The MBA cost in USA roughly approximates within the range of 1,60,000 USD to 1,80,000 USD per annum. This figure includes the MBA fees in USA which lies between 60,000 USD to 80,000 USD per annum, along with the living expenses to study an MBA in USA which account to 8,000 USD to 10,000 USD per month. 

It is important to note that the USA MBA fees for Indian students is directly proportional to the standard of living, and the university chosen. 

Suggested: All about MBA in USA 

Let us now move forward to know about the intricacies of the cost of MBA in USA for international students: 

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:

ExpenseAmount (in USD)Amount (in INR)
IELTS registration fee$245-25518,750-19,600 INR
TOEFL registration fee$19014,550 INR
GRE registration fee$20515,700 INR
GMAT registration fee$27521,000 INR
Visa application fee$16012,250 INR
SEVIS fee$35026,800 INR
Airfare$390-130030,000-100,000 INR

GRE Accepting Universities in USA for MBA 

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 NameTuition Fees (in USD)Tuition Fees (in INR)
Stanford Graduate School of Business$76,95059,00,000 INR
Harvard School of Business$73,44056,32,000 INR
The Wharton School$83,32063,90,000 INR
Sloan School of Management$80,40061,65,600 INR
Columbia Business School$77,37659,34,000 INR
UC Berkeley – Haas School of Business$65,36050,12,300 INR
UCLA – Anderson School of Management$70,84754,33,000 INR
Northwestern University – Kellogg School of Management$76,36858,56,400 INR
Yale School of Management$79,00060,59,250 INR
NYU – Stern School of Business$78,70060,35,230 INR

Cost of Studying in USA for International Students 

Cheap Universities for MBA in USA

Moving on, let us also acclimatise you with the cheapest universities in USA to cover the cost of MBA in USA for international students. 

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

University NameTuition 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

:What is the cost of Studying MBA Abroad?

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 pertaining to USA MBA fees for Indian students can also vary depending on where you are within the USA and your preferences.

On an average, your annual living expenses in USA 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:

ExpenseMonthly 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 the MBA cost in USA for 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. 

Take a look at the average cost of living in these cities:

CityAverage 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 

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:

CountryAverage Tuition Fees (in USD)Average Tuition Fees (in INR)
USA$50,000-60,00038,00,000-46,00,000 INR
UK$38,000-90,00029,00,000-70,00,000 INR
Canada$15,000-25,00011,00,000-19,50,000 INR
Australia$32,000-45,00024,00,000-35,00,000 INR
Germany$30,000-50,00023,00,000-39,00,000 INR

How to Pursue MBA in USA Without Work Experience?

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.

Suggested: MBA Scholarships in USA 

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. To learn more about MBA cost in USA, connect with our Yocket Counsellors now! 

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. The MBA fees in USA for Harvard 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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