The estimated fee needs to be paid in Schools or Colleges in USA (United States of America) for pursuing MBA or Master in Business Administration program is as follows:

Tuition Fee

Business Schools in US 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.

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) $ 35,000
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.

Living Expenses

The approximate annual living expenses during the MBA program are about $14,400, 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 $ 500 per month
Groceries $ 150 per month
Utilities $ 150 per month
Phone $ 150 per month
Sundry $ 250 per month

So, about $1200 per month is a good estimation. Mostly people can survive between $700-$1000 a month.

Good MBA Colleges in USA

Harvard Business School US
London Business SchoolFeatured business school UK
University of Pennsylvania: Wharton US
Stanford Graduate School of Business US
Insead France / Singapore
Columbia Business School US
Iese Business School Spain
MIT: Sloan US
University of Chicago: Booth US
University of California at Berkeley: Haas US
Ceibs China
IE Business SchoolFeatured business school Spain
University of Cambridge: JudgeFeatured business school UK
HKUST Business School China
Northwestern University: Kellogg US
HEC ParisFeatured business school France
Yale School of Management US
New York University: Stern US
Esade Business SchoolFeatured business school Spain
IMD Switzerland