I am an indian and i want to study MBA in USA. How much money i have to spend for it?

Answer 1

The previous answer is correct. Here is an article about assistantships: http://www.macquil.com/articles/assistantships.php
In addition to assistantships, there are scholarships and fellowships for which you may be eligible. However, the reality of the situation is that MBA degrees cost a lot and these scholarships and assistantships are extremely competitive. The higher the value of the MBA, the higher the tuition, so be prepared to take student loans and/or ask for financial help from family and friends if an assistantship, scholarship or fellowship does not fully fund your MBA education. Here is an article that analyzes the top MBA programs in the USA: http://www.macquil.com/articles/topmba.php
Good Luck!

Answer 2

Hi, actually there are ways you can get an MBA in the us without paying a penny and have the university pay YOU. You need to start applying early and find universities that offer Assistantship. You can either be a teaching assistant or a research assistant. The assistantship will give you free education and a monthly stipend. You will, in return, have to either teach a couple of classes or help a teacher do research. But be aware that your grades must have been pretty good to qualify for this. Good Luck!!!

Answer 3

Tuition Fee

US business schools fall under two major categories:
- public (state supported), and
- private (independent) institutions.

International students’ tuition expenses at state schools are based on nonresident costs, which are still usually less expensive than those of private universities.

It is important to note that the cost of a program in a US school does not necessarily affect its quality.

A brief idea can be got from the following table:
University Type Tuition Fees (annual in U.S. Dollars)
Private School (High Cost) $ 30,000
Private School (Low Cost) $ 15,000
State School (High Cost) $ 20,000
State School (Low Cost) $ 10,000

The tuition fee is different for different universities and varies widely with courses. It can vary from as low as $ 8000 a year for state universities to as much as $ 35000 per annum for some private universities.

For example, Colorado Technical University offers the MBA program for less than US $ 10,000 a year, while many top schools like Harvard Business School and Wharton Business Schools have a fee structure of around US $ 30,000 per year.

For more specific details, please check out the university websites or contact the universities.



Living Expenses

The approximate annual living expenses during the MBA program is about $12,000, which includes accommodation as well as other daily expenses. However, the expenses are different for different people depending on the lifestyles and this is just a rough idea. The main expenses can be split up as:
Rent
$ 400 per month
(you can live alone with that amount in a place like Auburn or share an apartment with 6 people in NY)
Groceries $ 150 per month
Utilities $ 150 per month
Phone $ 100 per month (if careful with international calls)
Sundry $ 200 per month

So, about $1000 per month is a good estimation. Mostly people can survive between $700-$1000 a month.

The key here is to share apartments/houses so that you save on the utilities, fixed charge portion of phone and to some extent on groceries.

It is important to understand that most universities do not offer financial assistance to international students for a program like MBA. The few who manage tuition waivers and assistantships usually get it after they reach the university and usually after a semester.

Answer 4

Hi,
I came across this excellent website called www.desiexpats.com
Its about Indians coming together from all over the world and sharing their experiences,knowledge,views,advice on education (most relevant to your question),sports,politics,bollywood,food,etc.
If you post your question, it will be answered by Indians who are actually studying or working abroad, or have done their MBA abroad. They will be able to guide you better cos they have already done what you are planning to do and most importantly, because they are Indians.
I'm sure it will help.
Goodluck!

Answer 5

you will learn sufficient to do regardless of you're examining for the two way. it may in many situations matter on the place you particularly decide to be pondering the way of existence of each area and whether you prefer employers to work out you studied in a definite section over yet another. training would be particularly proportional and you're able to be accomodated sufficiently the place ever you elect to end your coaching.

Answer 6

Depending on the school and how you want to live while you're doing it, about 60,000 to 150,000 US dollars.

How much of that money you have to pay, and how much you have to pay now, and how much you can pay later will vary just as much.

Answer 7

Billions of rupees I should think. It's that flipping exchange rate that kills you.