Is an MBA in the USA costly? A ‘Myth’ now, Read More.
MBA in the USA can be an opportunity that excites students. The USA houses some of the most renowned business schools in the world, like Harvard Business School, UC Berkeley, Yale School of Management, and MIT Sloan. But the fees in such colleges will cost nearly 150,000 USD overall.
The overall expenditure of studying for an MBA in the USA also includes accommodation costs, daily expenses, transport, books and supplies, health insurance, etc., along with the program fees.
This may seem a bit expensive, but with the right choice of the institute, an MBA in the USA can be completed well within the budget range. Here we present a list of 10 low-cost options to study MBA in USA for students who have budget constraints.
MBA in USA- General Admission Process
Students can apply for admissions to study MBA in the USA three times a year – for the Fall Semester, for the Spring Semester, or the Summer Semester. Most institutes accept students based on a good performance in the GMAT exam or GRE.
The candidate must have completed a 4-year long graduation program after 10+2 to pursue an MBA in the USA. In addition to academics, English Proficiency and Work Experience of the candidate are considered during admissions.
Students would have to submit the scores of tests like IELTS or TOEFL as proof of English language proficiency. The University-specific eligibility criteria may be different. However, on a general basis, the requirements mentioned above are to be fulfilled.
MBA in USA – Top Affordable Institutes to study
Given below are to renowned institutes for students who wish to pursue MBA in USA at an affordable price:
- Brigham Young University:
Located in Provo, Utah, Brigham Young University was established in 1875. It offers programs in various disciplines. The BYU campus is of about 560 acres, and students can also take up residence at the campus.This MBA in USA course duration at BYU is two years and the course fee for the first year is 14,160 USD.
- Southeast Missouri State University:
SEMO is a public college that has been placed in the 16th position according to the 2020 US News Ranking. The full-time MBA course is offered here at the cost of 15,480 USD a year.
- Minnesota State University, Mankato:
Minnesota State University was founded as the Minnesota Normal School in 1868. According to the US News Ranking 2020, the University has been ranked in the 18th position among the Top Public Schools in the USA. The MBA course fee here is 7,158 USD for the first year.
- Cameron University, Lawton:
Cameron University, Lawton, Oklahoma, has been established since 1908. The institute offers numerous undergraduate, postgraduate, and honors programs to students. This MBA in USA program is offered here with a fee of 18,840 USD per year.
- University of West Alabama, Livingston:
The University of West Alabama is a renowned liberal arts public institute that was established in 1835. The campus covers an area of 600 acres and also includes a fishing lake. The MBA program is offered here with the fees of 5,148 USD per year.
- Delta State University, Cleveland:
Delta State University was founded in 1924 and ranks among the top public-funded universities in the USA. The campus is a rural setting with five residential halls. An MBA here can be pursued full-time at the cost of 6,398 USD per year.
- Jackson State University:
Jackson State University is a public university, and it was established in 1877. It offers numerous undergraduate and postgraduate courses, along with residential facilities for students. A 2-year long MBA here costs 7,621 USD per year.
- California State University, Channel Islands, Camarillo:
California State University at the Channel Islands was established in 2002 and has been ranked 46th place among the Best Value Colleges in California, as per the 2020 Niche Rankings. There are four housing villages for the residential facilities of the CSUCI students. This MBA in the USA course fee here is 8,246 USD per year.
- Iowa State University:
Iowa State University has been placed in the 1st position by CollegeAtlas based on parameters like accessibility, affordability, and academic quality. The University offers a diverse range of courses, and students get to enjoy a beautiful campus. Iowa State University offers the MBA program at USD 29,524 a year.
- Lehigh University, Bethlehem, Pennsylvania:
Lehigh University is a renowned university that offers more than 2,300 courses and degree programs. The campus is spread over locations, covering 1600 acres of land. There are multiple housing options for students. Students can also avail of scholarships such as the Dean’s scholars for students with average grade point more than 3.0. MBA here costs 25,025 USD a year.
Scope after Low-Cost MBA in USA
Here, we will give some idea about the career outcomes at some of the colleges mentioned here, and in general career scope for MBA students in the USA. The placement stats after studying MBA in USA at some affordable colleges are mentioned below:
- Iowa University – Average Mean Salary: 72,217 USD
- Lehigh University – Average Mean Salary: 67,000 USD
Also, in general the average salary is 50,000 – 200,000 USD. You can work as Business Analysts, Marketing Manager, Finance Controller, and many others. Students while studying an MBA in USA, can also avail of need-based or merit-based scholarships that would be available at the institutes. Many institutes provide students with the opportunities to work part-time on-campus or off-campus to earn for themselves. So, if you are planning to study MBA abroad, do consider the US as an option. MBA in USA offers you plenty of choices, you can study at the ivy league colleges (which are costly) or you can study these low-cost MBA courses.
