Best MBA Colleges in USA to Complete Degree in 16 Lakhs

The Master of Business Administration (MBA) is a prestigious program chosen by many people aspiring to rise up the ranks of an organisation. The USA is usually a top destination for MBA students due to the high-quality education system and accreditation in place. To help Indian MBA aspirants, we have some of the best MBA colleges in USA to complete your degree in 16 Lakhs or as close to it as possible.

About the MBA Program

MBA stands for Master of Business Administration and it is a postgraduate program wherein business administration is the focus subject. This degree is one of the most popular postgraduate programs for individuals looking to change job roles, obtain senior posts, or increase their earnings.

There are also various specialisations in which the holder can choose, typical subjects studied in MBA are as follows:

• Accounting
• Business Communication
• Business Ethics
• Business Operations
• Business Strategy
• Data Analytics
• Economics
• Finance
• Leadership
• Marketing

Types of MBA Programs

A variety of MBA programs exist, allowing students and even skilled individuals to further their studies or completely change their career direction. Here are all the options available to anyone looking to earn an MBA in USA.

• Executive MBA (EMBA)

This MBA program is dedicated to professionals who already have close or over a decade of work experience. It is a part-time program aimed at helping entry-level professionals gain experience and upskill based on immense experience from senior-level experts 

• Part-Time MBA

The part-time MBA offers the ability for working individuals to continue their studies alongside their jobs. To facilitate the students, these programs are conducted in the evenings during non-working hours or sometimes over the weekends to ensure there is no conflict with regular work. Additionally, this program includes a combination of in-person and online classes.

• Full-Time MBA

A full-time MBA is an in-person program offering the full learning experience to individuals who are looking to pursue business administration as a change from another completely different discipline. The Full-time MBA in USA takes a minimum of two years to complete.

• Online MBA 

As the name suggests the online MBA is completely online offering the student the flexibility to learn at their own pace and from the comfort of their home. Also, most online MBA courses even allow students to pay per module. Generally, this program would take the student two years to complete.

5 Best MBA Colleges in USA for Cost-Efficient Learning

International students looking to study MBA in USA will find multiple options that will suit their requirements and budget. Take a look at the following top 5 options to study MBA in the USA without excessively exceeding your budget.

1) University of South Dakota

The University of South Dakota (USD) is located in the northwestern part of the USA where the state is bordered by six other American states. The University was established in 1862 in Vermillion and boasts a large 274-acre campus across two locations Vermillion and Sioux Falls.

USD offers MBA both as an in-person program as well as an online program, giving students the flexibility to choose what suits their requirements. This is one of the best MBA colleges in USA as international students can complete their MBA for less than $16,000 which equates to roughly under 13 Lakhs. 

2) Kennesaw State University 

Kennesaw State University is located over two campuses in Kennesaw and Marietta, it is the third largest university in the state of Georgia. The university has acknowledged 42,000+ currently enrolled students from the country and over 100 international countries.

Kennesaw State University offers all variations of the MBA program, including an evening program and an online program. The online MBA program costs around $22,000 (17 Lakhs) which could be further reduced with financial aid while the evening in-person program is $19,000 (15 Lakhs) for in-state individuals.

3) University Of South Florida

Florida is often seen as a highly expensive education destination for international students due to its reputation as a tourist attraction spot. However, finding the right program and university can change these misconceptions.

The University Of South Florida was established in 1956 and has two campuses in Tampa, St. Petersburg and Sarasota-Manatee. The total size across all campuses is 1.646 acres.

International students looking to study MBA in USA can do so for a cost as low as $17,000 which is around 14 Lakhs for Indian students.

4) University of West Georgia

The University of West Georgia or UWG as it goes by is one of the four notable universities in Georgia’s University System. Established in 1906, the UWG campus is spread over an area of 644 acres and is situated in Carrollton, in the state of Georgia.

Studying for MBA at the University of Georgia could incur a cost of $12,000 to $15,000 which is well within the budget of 16 Lakhs. This makes it one of the best MBA colleges in USA for international students who are on a limited budget and looking to save where possible.

5) The University of North Carolina at Greensboro

The University of North Carolina at Greensboro (UNGC) is located on the northernmost edge of the USA bordering a Canadian state. The University was established in 1891 initially as a women’s college. Later on, it became a co-ed university whose campus covers an area of 247 acres.  

The online-only MBA course at the University of North Carolina Greensboro is approximately $23,500 which equates to approximately 18 Lakhs, but this could be less with financial support if available.

Conclusion

Some of the best MBA colleges in USA are not excessively expensive and are affordable to Indian students. At 16 Lakhs or $20,000 completing your MBA is a great option from any one of the top universities we have listed.

FAQs

Q.1 What career path can be taken with an MBA?
A.1 After completing an MBA, graduates have several options in terms of career, options include marketing manager, finance manager, human resources, personal financial advisor, operations manager, product manager, and more.

Q.2 State a few differences between an MBA and an EMBA.
A.2 The key difference between an MBA and an EMBA is the fact that an MBA will be full-time and probably in-person, providing an immersive learning experience. Also, an MBA program will not be as flexible as the EMBA which can be carried out as a part-time program alongside a job. Also, employers may choose to cover part or full cost of the EMBA while MBA students must fund their program fees.

Q.3 What are the general education requirements to study MBA?
A.3 A bachelor’s degree with a minimum of 50% and the score results for the GRE or GMAT is also a requirement. The other requirements could be a resume, essays, or recommendation letters.