Cost of Study in USA for Indian Students | MBA Guide

Introduction

An International MBA from the USA or other countries abroad has always been in trend for students aspiring to build a successful global career with high salaries and an aspirational lifestyle. Since the cost of studying for an MBA from outside of India, especially from the USA, Europe, Australia, the UK, or Canada, is generally on the higher side, students generally look for an affordable way to complete their studies from abroad.

The Bureau of Immigration (BoI) reports that nearly 1.3 million Indian students are pushing themselves abroad to study. So, are you one of those who want to study abroad and get your MBA degree from the USA or anywhere abroad but are still worried about the cost?

Looking for the most affordable country for studying abroad could become easier with a guideline of what a country requires. Here we will discuss some countries and the cost of studying an MBA in the USA. Additionally, we’ll discuss whether it is worth pursuing an MBA abroad for Indian students or not.

USA: A Premium Study Destination for Indian Students

There are too many countries abroad where a student can pursue their graduate and post-graduate studies. But if you’re considering the USA as your dream destination, especially for an International MBA degree, there are plenty of things that you need to know.

The USA has gained immense popularity by offering top-notch educational opportunities. Plus, the USA is an excellent option for international students who want to consider pursuing higher studies and settling abroad with a lucrative career in Business Management.

Here are some of the common benefits of learning an MBA from the USA.

• Top-ranked Business Schools
• Diversity and Networking Opportunities
• Global Placements for International Careers
• Premium Quality of Business Education
• High Salaries & Exponential Career Growth
• Scholarship Options for International Students

If you’ve chosen the right college or university for pursuing an International MBA degree from the USA, the answer to ‘if studying abroad is worth it’ would be a Yes.

It may be a bit challenging or complex process when it comes to joining management colleges in the USA at cost-effective fees. Therefore, before applying to any of the B-Schools, you must know about the graph of the overall tuition cost and top MBA colleges in the USA.

What is the Cost of Studying Abroad for Indian Students?

The USA is home to top MBA Colleges & Universities that provide world-class educational & learning experiences along with international placement & career opportunities. An MBA in America for Indian students opens the gates for plenty of opportunities, including their overall development.

Top colleges or B-schools in which you can get enrolled for an international MBA program in the USA include:

Lawrence Technological University, Michigan (USA)

Established in 1932, Lawrence Technological University, LTU, has built a reputation for delivering excellence in diverse streams of education. Pursuing an MBA at LTU in the USA costs you a 50 lakh course fee. It only includes the tuition fee, and you need to pay an additional amount for other assistance.

However, in order to get an affordable tuition fee at LTU, you can enrol in the PIBM’s International MBA program. It offers one year of PGDM at the India campus, and for the International MBA degree, you will visit the LTU campus in Michigan (USA).

The Global Joint Degree Program (PGDM + MBA) by PIBM offers a master’s in business management program with LTU at an affordable fee of 30 Lacs only. Students can get both the PGDM degree from India and an MBA degree from the USA.

Alliant International University, San Diego, California, USA

Alliant International University is one of the top business schools in San Diego, California, USA, offering world-class business management education to learn and grow through a curriculum specifically designed to cross-cultural and national boundaries. The college welcomes applications from international students to build a home away from home at Alliant and to support one's transition into the university community.

Talking about the fee structure of the two-year MBA program at Alliant International University, students need to shell out about 40 Lacs per annum as tuition fees. Of course, an MBA in the USA for Indian Students could be a bit expensive, but PIBM’s Joint degree program can ease your burden by offering a cost-effective International MBA program in the USA.

PIBM’s collaboration with Alliant for the management degree program allows you to pursue your dream college with a 22 lakh tuition fee. The course fee also includes tuition fees, international studies fees, and student health insurance.

University of Bridgeport, Bridgeport, Connecticut

The University of Bridgeport, in Bridgeport, Connecticut, was founded in 1927 and is home to diverse students from all across the world. The college shares a commitment to career readiness, innovation, and support, as well as challenging learning environments. The University of Bridgeport offers career-oriented professional development with academic excellence.

Enrolling in such a college for the MBA program would cost you around 50 lakhs in tuition fees. For Indian students, the cost can be affordable, as Pune Institute of Business Management (PIBM), a top MBA college in Pune, is offering an international MBA program in collaboration with the University of Bridgeport.

The International MBA at the University of Bridgeport with the PIBM Global Joint Degree Program will cost you around 22 lacs for tuition fees. At this affordable price, you can also take loans with PIBM assistance.

Gatton College of Business - University of Kentucky, Lexington, Kentucky

Established in 1925, Gatton College of Business has gained attention due to its impeccable educational background. The college curriculum is focused on providing an MBA program with industry-aligned training to students that will enable them to enter or re-enter the workforce with enhanced skills & knowledge. Gatton College of Business believes in delivering a better return on investment at a quicker pace.

The tuition cost of a Non-Resident for the MBA program is INR 36.4 L/Yr for the two-year program. The college indeed is the best place to pursue an International MBA from here. PIBM is now offering a collaboration with the college in which students can go and learn there as a part of a student exchange program. The collaboration opens the gates to a lot of opportunities for the students.

The Pennsylvania State University, Pennsylvania

Last but not least, on the list is Pennsylvania State University, which has a long history of empowering world-class education since 1863. If you are passionate about doing an MBA from the best business schools in America, it could be worth considering. However, the average cost of studying for an MBA program would be 40-45 lacs for a year program.

Indeed, the college holds a position among the top MBA colleges in the USA, so getting admission to such an institution for international students would be tough.

PIBM is offering a collaboration with Pennsylvania State University where students will get the opportunity to learn from the experts of Pennsylvania University. The college students will get the chance to visit the Pennsylvania Campus through the student exchange program.

How PIBM Joint/Global Joint Degree Offer an Affordable International MBA in the USA?

The PIBM (Pune Institute of Business Management) offers a joint degree program that ensures an affordable international MBA program in the USA. Here's how you can get into the cost-effective international MBA program at the best MBA school abroad.

• Study Partly in India: One can start their PGDM studies in India at PIBM. This helps them to get a deep knowledge of business management after which they can continue studying in the USA for the second year.
• Complete in the USA: After finishing the first part of your coursework in India, you transfer to a partner university in the USA to complete your degree. This way, you only pay the less fees for the shorter duration you spend in the USA.
• Scholarships and Financial Aid: PIBM and its partner universities provide scholarships and financial aid to help reduce the overall cost of study in the USA.
• Quality Education: Despite the lower cost, you still get a high-quality premium business education and a recognized MBA degree from a top US university.
• CPT & OPT Assistance: PIBM assures students can get paid Curriculum practical training (CPT) & Optional practical training (OPT). The stipend helps you get additional income along with your studying.
• Reduced Living Expenses: Since you spend less time in the USA, your living expenses, like accommodation and food, are lower compared to spending the entire duration of the program there.

By combining studies in India and the USA, PIBM's joint degree program makes getting an MBA in the USA more affordable.

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