USA is the most preferred destination for students looking to earn an MBA degree. Given that 10 out of 15 top B-schools of the world are located in the US (Source: FT Global MBA Ranking 2019), this is hardly surprising. Business schools in the US offer part-time, full-time, executive and online MBA programs. Core courses offered are accounting, business law and ethics, economics, finance, marketing, supply chain, operations and entrepreneurship with various electives.
Most B-schools make their admissions decision on the basis of your undergraduate academic records, GMAT or GRE scores, relevant work experience, essays, letters of recommendation and personal interviews. Full-time MBA programs are normally 18-months long and you are required to earn 60 credits (600 hours of classroom learning) to complete the course successfully.
MBA course fees in the US is notoriously high but then there’s no gain without pain! According to an ROI survey conducted by QS, MBA graduates in US get an average increment of 75 per cent in their pre-MBA salary. Estimates suggest that MBA grads break even within 44 months of completing a two-year degree. What is even more heartening is the fact that MBA graduates get financially better off on an average by USD 500,000, 10 years after graduating. This figure is a whopping USD 1,076,000 if you earn the degree from an elite university like Stanford.
Being an extremely popular choice among Indian students, MBA in US is a course that is funded by a large number of study abroad loan providers—public- and private-sector banks, NBFCs and crowd-funded companies. Download Jamboree’s Study Abroad Loan Guide to know how to fund your MBA abroad.
United States is the birthplace of management education, the first B-school being Wharton at the University of Pennsylvania. Over the years management studies have advanced greatly, both in terms of content and its delivery. Count on good B-schools in US to offer a spate of cutting-edge specializations and electives to give your career a fantastic start or a refreshing push.
Universities in the US offer many dual degree MBAs wherein you can pursue interdisciplinary studies. Innovative combination of courses creates graduates who are groomed to handle accounting, finance, strategy, operations management in businesses dealing with arts, healthcare, real estate, taxation, etc.
Good B-schools in US have highly distinguished faculty and fellows; people who are on top of their field and who also work as consultants and advisors to several organizations. You will be fortunate to gain first-hand insight into business challenges from your faculty and should aim to foster good relationships with them.
Most B-schools in US are rich in student diversity and have strong alumni network. You can be sure to meet and forge lasting personal and professional relationships that would stand you in good stead when looking for internships and jobs.
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