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Cheap MBA Programs in the USA: Top 30 Budget-Friendly and Affordable MBA for Indian Students

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MBA in USA
Discover the top 30 budget-friendly and affordable MBA programs in the USA for Indian students. Find the cheapest MBA colleges here!

 

The pursuit of an MBA in the United States can be a costly endeavor for international students, especially those from countries like India where the currency conversion can make the cost of education seem daunting. However, there are cost-effective MBA degree program available for students looking for affordable MBA in USA. With a plethora of top MBA courses to choose from, Indian students can find affordable options that provide quality education and valuable networking opportunities.

For international students, finding cheap and affordable business schools in the USA can be a challenging task. However, there are cheapest MBA universities in USA that offer cost-effective MBA programs for international students, making it possible for them to pursue their dreams of an MBA without breaking the bank. Whether it’s through scholarships, financial aid, or affordable tuition fees, there are options available for those seeking the most budget friendly MBA for international students in the USA.

When it comes to the cheapest MBA for international students in the USA, there are a few factors to consider. The cost of living, tuition fees, and potential earnings after graduation all play a role in determining the affordability of an MBA program. Additionally, some students may prefer online MBA options to save on living expenses and travel costs.For those looking to pursue a cheap MBA in the USA without GMAT requirements, there are universities that offer this option to international students. This can be a valuable opportunity for students who may not have had the time or resources to prepare for the GMAT exam.

In addition to the cost-effective MBA programs available for international students in the USA, there are also top MBA colleges with fees that are within reach for those on a budget. These institutions offer some of the best low fees MBA programs in the world, providing students with valuable education and opportunities for career advancement.

Overall, while the cost of pursuing an MBA in the USA can be significant, there are affordable options available for international students, including those from India. By researching cheap and guaranteed ROI MBA colleges in the USA, Indian students can find the best affordable MBA programs that align with their career goals and financial limitations. With the right research and guidance, pursuing an MBA in the USA can be a feasible option for international students on a budget.

 Why Study MBA Program in USA?

Studying for an MBA in the USA offers a plethora of benefits and opportunities that make it a top choice for many international students. Here are some compelling reasons to pursue your MBA in the United States:

Certainly, here’s the information presented in a point format while maintaining the same word count:

  1. Entrepreneurship Focus: Earning an MBA in Entrepreneurship within the United States can provide you with the essential skills and knowledge necessary for achieving success as an entrepreneur. This is particularly advantageous in a nation with a dynamic venture capital ecosystem, enhancing your prospects significantly.
  2. Diverse Learning Environment: Studying in the US offers a diverse learning environment, with students from around the world. This diversity provides unique perspectives, especially during group projects.
  3. Visa Opportunities: The Optional Practical Training (OPT) system allows international MBA graduates to stay in the US for up to one year, or two years if you have a STEM MBA. This post-graduation stay can be an exciting opportunity.
  4. High Salary Potential:  Graduates from US business schools often command higher salaries, with a median starting salary of $115,000. Prestigious schools like Stanford can lead to even higher earnings.
  5. Top Companies: US business schools open doors to employment with some of the world’s best companies. Job opportunities often include roles like financial manager, management consultant, and marketing manager.
  6. World-Class Faculty: MBA programs in the US provide exposure to industry standards, the latest research, and top-notch faculty. The utilization of teaching techniques like the case-study approach enhances the development of practical problem-solving abilities in real-world scenarios.
  7. Two-Year Programs: Unlike many other countries with one-year MBA programs, the US typically offers two-year programs. This allows for a deeper and more specialized education. Scholarships can help with affordability.
  8. High-Quality Programs: US business schools like Wharton, Stanford, and Harvard consistently top MBA rankings. The prestige of these institutions can enhance your career prospects.
  9. Social Life and Clubs: Many US MBA programs host regular social events and offer opportunities to join clubs and societies. Engaging in this activity enhances your social circle, fostering connections with individuals who share similar interests such as entrepreneurship or women in business.

Studying for an MBA in the USA provides a myriad of benefits, from academic excellence and high earning potential to a vibrant social scene and international exposure.

Cost of Studying MBA in USA

Although the USA presents amazing opportunities, it’s crucial to take into account the expenses associated with pursuing an MBA. The tuition fees can differ based on the institution and location you choose. Mostly MBA programs are of  two-year  in the USA. It may cost between 45000 USD- 1,00,000 USD. Rest assured, there are affordable alternatives also accessible for international students. 

10 Top Cheapest MBA Colleges in USA for International Students

Whether you’re an international student or a local resident, there’s good news for those dreaming of pursuing an MBA in the USA without burning a hole in their wallet. The universities in the United States provide several options that won’t burden you financially yet offer excellent education and diverse programs. These institutions prioritize providing value to students, ensuring a high-quality MBA education without exorbitant tuition fees.

Here is the list of top 10 affordable and reasonably priced MBA colleges in the USA:

 These universities provide affordable MBA programs with a range of specialisations and flexible intakes. If you’re considering pursuing an MBA in the USA on a budget, these institutions offer excellent options to explore.

cheapest MBA programs

Missouri State University

B-School: College of Business – Missouri State

Missouri State University’s College of Business offers an MBA program with a focus on Accounting Emphasis. The approximate cost for this program is $14,900. The program is available in both Fall and Spring intakes.

GMAT/GRE: GMAT score of around 550 or equivalent GRE score.

Popular MBA Programs:

Missouri State University is committed to accessible education for international students through affordable tuition, scholarships, and on-campus work opportunities. In Fall 2019, 1,254 international students enrolled in Springfield, with a total of 1,618 system-wide.

Cameron University

B-School: Cameron School of Business

Cameron University’s School of Business provides an MBA in General Business, with an estimated cost of $6,264. The program is offered in both Fall and Spring intakes.

GMAT/GRE: GRE General Test scores above 280 and a GRE Analytical Writing score of 3.5.

Popular MBA Programs:

Cameron University’s International Student Services upholds the university’s mission by enhancing global branding, promoting diversity, and providing essential services for international students. With a remarkable 100% acceptance rate, it surpasses the U.S. News-reported average of 42.5% for international students in Fall 2022.

Minnesota State University

B-School: College of Business | Minnesota State University, Mankato

Minnesota State University’s College of Business presents an MBA in General Management, with an approximate fee of $9,768. The program is available in both Fall and Spring intakes.

GMAT/GRE: GMAT score of around 500 or equivalent GRE score.

Popular MBA Programs:

Minnesota State University Mankato is home to roughly 1,500 international students hailing from over 100 countries, with an acceptance rate of 69.5% in 2021.

University of South Dakota

B-School: Beacom School of Business | University of South Dakota

The Beacom School of Business at the University of South Dakota offers an MBA in Health Services Administration, with an estimated cost of $7,439. The program is accessible in both Fall and Spring intakes.

GMAT/GRE: GMAT score of around 550 or equivalent GRE score.

Popular MBA Programs:

The University of South Dakota’s Beacom School of Business provides a variety of courses for international students, spanning fields like Engineering, Law, Journalism, Computer Science, and Management. With an 87% acceptance rate, gaining admission is highly accessible.

Eastern New Mexico University

B-School: College of Business – Eastern New Mexico University

Eastern New Mexico University’s College of Business provides an MBA in General Business, with an approximate cost of $6,465. The program is open for enrollment in both Fall and Spring.

GMAT/GRE: GMAT score of around 500 or equivalent GRE score.

Popular MBA Programs: 

Eastern New Mexico University has gained recognition in USA as it is acknowledged as one of the top 59 public universities in the West and among the top 120 regional universities in the West.

San Francisco State University

B-School: Lam Family College of Business

San Francisco State University’s Lam Family College of Business offers an MBA program with concentrations. The estimated cost for this program is $14,592. The program is available in both Fall and Spring intakes.

GMAT/GRE: GMAT score of around 600 or equivalent GRE score.

Popular MBA Programs:

For undergraduate courses, the tuition fees for international students are INR 15 L, while for postgraduate courses, it amounts to INR 29 L. To secure admission to SFSU, international applicants must maintain a GPA of 3.0 or above.

University at Buffalo

B-School: UB School of Management – University at Buffalo

The School of Management at the University at Buffalo offers an MBA program with concentrations, with an approximate cost of $23,100. The program is offered in both Fall and Spring intakes.

GMAT/GRE: GMAT score of around 650 or equivalent GRE score.

Popular MBA Programs:

During the fall of 2021, UB welcomed a total of 6,723 international students, as reported by the Washington DC Week. The university maintains an acceptance rate of 82.9%.

University of Central Arkansas

B-School: College of Business — UCA

The College of Business at the University of Central Arkansas provides an MBA in General Business, with an estimated cost of $8,154. The program is available in both Fall and Spring intakes.

GMAT/GRE: GMAT score of around 500 or equivalent GRE score of 303.

Popular MBA Programs:

As of the 2023 admissions, the university hosts 534 international students. UCA has a moderately selective admission process, with no minimum grade requirement, boasting an acceptance rate of 77%.

University of Tampa

B-School: Sykes College of Business

The Sykes College of Business at the University of Tampa offers an MBA program with concentrations. The estimated cost for this program is $30,204. The program is accessible in both Fall and Spring intakes.

GMAT/GRE: GMAT score of around 600 or equivalent GRE scores. 

Popular MBA Programs:

The University of Tampa has an overall acceptance rate of 26%, with an early acceptance rate of 29.7%. With students from over 130 countries represented, it establishes itself as an excellent choice for international students pursuing business and management courses.

Albany State University

B-School: College of Business, Education, & Professional Studies’ (CoBEPS) School of Business

Albany State University’s College of Business presents an MBA in General Business, with an approximate cost of $7,450. The program is open for enrollment in both Fall and Spring.

GMAT/GRE: GMAT score of around 500 or equivalent GRE score, TOEFL

Popular MBA Programs: 

Albany State University (ASU) in Albany, Georgia, welcomes international students from more than 40 countries. In the spring of 2023, the university admitted 42 international students, showcasing a fairly competitive acceptance rate of 31.05%.

Cost-Effective and Affordable MBA in the USA for Indian Students 

For Indian students seeking an affordable MBA in the USA, these universities provide excellent options. Indian students find the USA perfect for MBA studies. It has a wide variety of world-class MBA programs. Here are a few reasonably priced MBA options that you should consider. When selecting an affordable MBA program, it is essential to take into account both the tuition fees and the overall excellence of education.

The following MBA Universities in USA Offer options for Indian students

1. Missouri State University: 

Missouri State University is in Springfield. Their College of Business provides affordable MBAs. The fees are fair and it’s a good choice for folks wanting value for money.

2. Cameron University: 

Cameron University’s School of Business provides a budget-friendly MBA program with a focus on General Business. Located in Oklahoma, it’s a great option for Indian students looking for value in education.

3. Minnesota State University: 

Thirdly, there’s Minnesota State University. Their business school in Mankato has good value MBAs. Its emphasis is on General Management. Think quality education, friendlier cost.

4. University of South Dakota: 

The Beacom School of Business at the University of South Dakota presents an economical MBA program specializing in Health Services Administration. It’s a unique opportunity for those interested in healthcare management.

5. Eastern New Mexico University: 

ENMU’s College of Business offers a cost-effective MBA program with a General Business focus. Located in Portales, New Mexico, it’s an affordable choice for Indian students.

6. San Francisco State University: 

The Lam Family College of Business at San Francisco State University provides affordable MBA options with concentrations to choose from. 

7. University at Buffalo: 

The School of Management at the University at Buffalo provides Indian students with cost-effective MBA programs that encompass a range of concentrations, making it a highly accessible option. 

8. University of Central Arkansas: 

The Unive­rsity of Central Arkansas’ business school also has a lower-cost MBA program. It features a wide-ranging curriculum with multiple options to match different needs. This Conway-based institution provides excellent value for the price.

9. University of Tampa: 

The Sykes College of Business at the University of Tampa offers affordable MBA programs with concentrations to suit your career goals. Located in a dynamic city, it combines affordability with a great location.

10. Albany State University: 

Albany State University’s College of Business offers an affordable MBA program focusing on General Business. It’s an excellent choice for those who appreciate affordability and quality education.

11. Central Michigan University: 

Central Michigan University provides MBA programs that offer value for money. It’s known for its solid programs and favorable cost-to-quality ratio.

12. Lamar University: 

Located in Beaumont, Texas, Lamar University offers cost-effective MBA options in various specializations. It’s a reputable choice for Indian students seeking affordability.

13. Northeastern State University: 

Northeastern State University provides economical MBA programs for international students. Situated in Tahlequah, Oklahoma, it’s known for its affordable education options.

14. University Of Wisconsin: 

The University of Wisconsin offers affordable MBA programs, allowing Indian students to access quality education without a hefty price tag

15. Worcester State University: 

Worcester State University is known for its affordable MBA programs. 

16. Arkansas State University: 

Arkansas State University offers economical MBA programs that don’t compromise on quality. 

17. Augusta University: 

Augusta University provides cost-effective MBA programs suitable for Indian students. 

18. Brigham Young University: 

BYU offers affordable MBA programs, ensuring value for your investment.

19. Fayetteville State University: 

FSU offers affordable MBA options with diverse concentrations. 

20. Iowa State University: 

Iowa State University provides economical MBA programs with opportunities for specialization.

21. Midwestern State University: 

Midwestern State University offers affordable MBA options with a focus on quality education. 

22. The University of Missouri: 

The MBA programs at the University of Missouri strike an excellent balance between quality and affordability. 

23. University of North Texas: 

UNT’s College of Business offers cost-effective MBA programs for international students. Located in Denton, Texas, it’s an institution that values affordability and global diversity.

24. University of Pennsylvania: 

The University of Pennsylvania provides affordable MBA options, allowing Indian students to experience Ivy League education. With its prestigious reputation, it’s a unique blend of quality and accessibility.

25. University of South Dakota (Anderson School of Management): USD’s Anderson School of Management offers MBA programs that are competitively priced and deliver excellent value. It’s an attractive choice for those seeking quality business education at an affordable cost.

Haas Business School: Having exceptional standards, the University of California, Berkeley’s Haas Business School is famous worldwide. Its MBA program carries a respected status. 

26. Sloan Business School: Sloan Business School, a part of MIT, provides an inspiring MBA program. It pioneers new management education methods and is known for its unmatched quality. 

27. The Wharton School: University of Pennsylvania’s Wharton School is famous everywhere. The MBA is tough, yes, but the worldwide connections are many. It’s one of the top MBA programs on Earth.

28. Yale University: Yale School of Management provides a distinctive MBA program, emphasizing leadership, global perspectives, and societal impact. 

29. Columbia Business School: Columbia Business School offers an MBA program known for its diverse faculty, international opportunities, and influential alumni network. 

These 30 universities offer an array of affordable MBA options in the USA for Indian students, catering to various specializations, preferences, and budgets. From low-cost programs to Ivy League quality, there’s something for every aspiring business leader.

GMAT Scores for Top MBA Colleges in USA

GMAT (Graduate Management Admission Test) scores hold significant weight in the application process for an MBA in the USA. It is crucial to note that each business school or university could impose varying GMAT score prerequisites, which may undergo annual alterations. Here, we present an analysis of GMAT score expectations for a selection of esteemed MBA institutions in the United States:

  1. Harvard Business School: Harvard typically requires GMAT scores in the range of 730 to 740.
  2. Stanford Graduate School of Business: Stanford looks for GMAT scores around 734 on average.
  3. University of Pennsylvania: Wharton School: Wharton’s GMAT score range typically falls between 720 and 740.
  4. Massachusetts Institute of Technology: Sloan School of Management: MIT Sloan usually expects GMAT scores around 720.
  5. University of Chicago :Booth School of Busines: Chicago Booth looks for GMAT scores around 730 on average.
  6. Columbia Business School: Columbia typically requires GMAT scores in the range of 710 to 740.
  7. Northwestern University : Kellogg School of Management: Kellogg typically looks for GMAT scores around 730.
  8. University of California, Berkeley : Haas School of Business: Berkeley Haas typically expects GMAT scores around 720 to 730.
  9. Yale School of Management: Yale SOM typically requires GMAT scores in the range of 690 to 730.
  10. Dartmouth College : Tuck School of Business: Tuck typically looks for GMAT scores around 720.

Note: The GMAT score ranges provided here are approximate and can change from year to year. To ensure a successful application, I recommend checking the specific GMAT requirements on the official websites of the MBA programs and business schools you’re interested in.

The United States offers a plethora of options for both career and personal advancement to Indian students pursuing an MBA. Affordable solutions are available, and you can start an interesting educational adventure that puts you on the path to success in the global business sector if your GMAT scores are competitive.

Cheapest and Affordable Online MBA options in USA 

Looking for a quality MBA from top U.S. business schools without leaving your home or committing to a two-year program? Online MBAs are the solution. In 2020-2021, 45,038 students opted for virtual classrooms, surpassing in-person enrollments. Institutions offering Online MBAs have seen significant growth, reflecting the demand for flexible education. When choosing, factors like accreditation, ranking, and career prospects matter, with cost being crucial, especially in the U.S. Fortunately, affordable options exist. Based on data from US News and World, here are the top 10 most affordable public and private Online MBA programs, offering top-notch education without hefty student loans. Consider these colleges for your Online MBA journey.

Rank

University

Cost per Credit

Overall Cost

US News Rank

1

Louisiana Tech University

₹21,414

₹642,420

85 (tie)

2

University of Texas Permian Basin

₹22,825

₹685,950

132 (tie)

3

Fitchburg State University

₹23,652

₹706,560

261-344

4

Eastern University (Pennsylvania)

₹24,900

₹747,000

261-344

5

Texas A&M University–Corpus Christi

₹25,066

₹753,180

261-344

6

Northeastern State University

₹22,244

₹801,384

210 (tie)

7

University of Central Arkansas

₹26,975

₹807,750

261-344

8

Lamar University (Texas)

₹27,493

₹821,190

261-344

9

University of Central Oklahoma

₹29,216

₹936,112

234 (tie)

10

Missouri State University

₹27,639

₹937,926

202 (tie)

FAQs – Your MBA Journey

1. Which is the best university providing the cheapest MBA programs in the USA for Indian students?

The concept of an “ideal” university is subject to personal interpretation, determined by a range of elements including career goals and individual preferences. However, the list of affordable MBA colleges mentioned above can be a great starting point for your search.

2. What are some top universities in USA for MBA with low fees?

In the United States, there are several MBA programs that are recognized for being affordable, offering a great return on investment while maintaining educational excellence. These aforementioned institutions provide competitively priced tuition fees, making them accessible choices for potential students. It is recommended that aspiring MBA candidates explore different universities and colleges that are renowned for their cost-effective programs, ensuring that they discover the perfect match for their academic and financial objectives.

3. Are there cheap MBA colleges in USA for international students?

Absolutely. There are affordable MBA programs in the USA for international students. Some American universities offer reasonably priced MBA programs that provide excellent value and quality education. International students can explore these options to pursue their MBA in the USA without breaking the bank. It’s important to research and compare the tuition fees, scholarships, and financial aid opportunities at different institutions to find the most affordable MBA program that suits their needs.

4. What is the starting salary after an MBA in the USA?

The USA offers a range of starting salaries for MBA graduates, contingent on variables such as university reputation, location, specialisation, and industry of choice. On average, you can expect a competitive salary, often exceeding six figures.

5. How long does it take to get jobs in the USA after an MBA?

The duration required to secure employment after successfully obtaining an MBA may differ. It depends on your job search efforts, networking, and the demand for your skills in the job market. Many students find job opportunities shortly after graduation.

6. How much does an MBA cost in the USA for Indians?

The cost of an MBA in the USA for Indian students varies widely. On average, tuition fees can range from $30,000 to $200,000 or more, depending on the institution and program. Living expenses, such as accommodation, food, and transportation, should also be factored in.

7. How can I get a low-cost MBA in the USA?

   To pursue a more cost-effective MBA in the USA, consider the following:

8. Which MBA is the cheapest?

An MBA program’s cost might vary greatly based on the university, the area, and the particular curriculum. There is no one “cheapest” MBA because it all depends on the specifics of each student’s situation and budget. 

Furthermore, compared to full-time, on-campus programs, online or part-time MBA programs may be less expensive. It is upon the student to decide which option to choose and go for.

9. Which country is best for an MBA with low fees?

Countries like Canada, Germany, and France offer good MBA programs at economic costs.

10. Does an Indian make sense to pursue an MBA in the United States? Can an MBA from a regular university lead to employment?

Investing in your career by pursuing an MBA in the USA might be highly beneficial. Even graduates from mediocre institutions can find rewarding employment prospects, especially if they have the right skills and network. Although elite universities offer great opportunities, average grads can also achieve success.

In conclusion, studying for an MBA in the USA offers a world of opportunities, and affordable options are within reach. Whether you aim for the best or choose an average university, your dedication and skills will play a significant role in your post-MBA success. So, embark on your MBA journey in the USA.

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