Finding an MBA programs that enhances your knowledge, skills and career is important for business students all over the world. Getting admission in the top B Schools is a fantasy for many commerce students and business professionals all over the world. There are several aspects that have to be looked upon while applying in these Schools. Discussed below are the programs, eligibility criteria, fee estimates and the financial aid of the Top 10 B-Schools of US.
STANFORD GRADUATE SCHOOL OF BUSINESS, STANFORD UNIVERSITY
The Business school attracts students from more than 50 countries and benefits with its collaborative educational process. It offers a Full Time MBA program to transform the brightest and most passionate people in the world.
The MSx program is a full time one year program for the mid-career professionals with atleast eight years of work experience who crave to develop their skills in management, innovation leadership.
The PhD program is a doctoral program in academic research and education focused on management.
For securing admission the international aspirants must have an equivalent of a US bachelors degree, GMAT or GRE score(no minimum is required),a minimum score of 100 on IBT in TOEFL or a minimum of 7 in IELTS or a minimum of 68 in PTE with academic transcripts, a resume, 2 essays and 2 letters of Reference.
The institution jointly with Harvard Business School offers some Executive Education programs. Coordinating with the MIT Sloan School of Management and the London School of Business it offers one of the three Sloan Fellows programs.
For the nine month academic year of a first year MBA student the total expense is approximately $104,046 including a tuition fee of $61,875 and other expenses like living allowance, books and supplies, Instructional Materials, Transportation, Medical Insurance and Health Fee.
HARVARD BUSINESS SCHOOL, HARVARD UNIVERSITY
For applying in this B-School, a number of materials are to be furnished to HBS online like transcripts from all undergraduate and graduate programs, the GMAT/GRE scores and a minimum score of 109 in IBT TOEFL/minimum score of 7.5 or a minimum score of 75 in PTE, one essay, a resume, a non refundable fee of $250 and a signed acceptance of HBS Admissions Policies.
In 2015 out of the 9,315 applications 12 % were admitted.
The total expenses amount for one year amount to $95,100 including a tuition fee of $58,875 and other expenses like program support fee, room and utilities, HUPSHIP student health insurance plan.
To provide private educational loans to international students with no co-signer, the University has collaborated with Harvard university Employees Credit Union (HUECU).There are other private other loans for the students and the school encourages the students to get such details from their home country and/or country-of-residence for other options. About 65% of the MBA students get financial assistance
There is a legal obligation of paying the principal and the interest under a defined repayment schedule in case loans are taken.
WHARTON UNIVERSITY OF PENNYSYLVANIA PHILADELPHIA
With 5000 undergraduate, MBA, executive MBA and doctoral students, the school creates a social and economic value around the world.
The university uses a course unit (CU) system to list the weight of their courses. The undergraduate students must complete a minimum of 37 course units and meet the circular requirements described on the site and in the handbook
The total expenses for one year are $97,542 including a tuition fee of $ 68,210 and other expenses like Health Insurance, Room and Boarding, Books and Supplies etc. The students can get acknowledged about the loan programs through Student Financial Services
Federal, private loans and other financial assistance in form of scholarships or sponsorships are available. The international students can borrow through an international loan program.
BOOTH SCHOOL OF BUSINESS, CHICAGO
The University of Chicago, Booth School of Business is the second oldest business school in the US, also being the first school to offer an Executive MBA and to initiate a PhD program in business
The students must have completed an undergraduate program at an accredited U.S college or university or its equivalent in another country. There is no minimum score of the GMAT or GRE score and the students need to appear in IELTS, TOEFL or PTE.
The school also looks in Letters of recommendation, a resume, professional recognition, responses to the essays and the communication skills demonstrated in the interview.
The estimated expenses for one year are $94,993 including a tuition fee of $61,520 and other expenses like Student life fee, Health Insurance, Administrative Service Fee, Books, Rent and Utilities, Transportation etc. The school is however committed to assist all the admitted students in financing their MBA regardless of their citizenship in the form of student loans, merit based scholarships and fellowships.
THE SLOAN SCHOOL OF MANAGEMENT, MASSACHUSETTS INSTITUTE OF TECHNOLOGY
The following requirements must be fulfilled for applying GMAT or GRE scores, Resume, Essays, Letters of Recommendation, and Transcripts from all courses that counted towards a degree.
The TOEFL /IELTS are not required for the MSMS applicants.
MSMS application fee: $100.00
The non-refundable application fee of $100 is payable by credit card
The tuition fee of the Master of Science in Management Studies tuition plus the student activities fee for school year is $65,750 plus other expenses like health, insurance, books, housing etc
Students can finance their education with the Scholarships, Corporate Sponsorship, and Loans
The Range of Base Salary is $63,000″“139,000
THE KELLOG SCHOOL OF MANAGEMENT, NORTHWESTERN UNIVRISTY
Kellogg offers full-time, part-time, and executive programs. It partners with schools in China, France/Singapore, India, Spain, Hong Kong, Israel, Germany, Canada, and Thailand.
Degrees are granted in Master of Business Administration (MBA), Ph.D., an MBA-JD, and MMM Program, a MBA + MDI dual degree
For applying the student must submit , two letters of recommendation, letter of Organizational Support, Official Transcript .For the international students, a course-by-course credit evaluation of their transcripts is to be and the Test of English as a Foreign Language (TOEFL) with a score of 100 or above must be taken.
An application fee of $150.00 is charged when the application is submitted.
For the Two-Year MBA, the estimated expense is $88,807 including a tuition fee of $61,596 and other expenses of Room & Board, Books & Supplies, Travel, Personal Health Insurance, Computer Equipment, Student Life Fee and Student Association
The school offers a variety of scholarship to students who have shown professional and personal excellence. Once students are accepted in one of the programs, they are automatically considered for all merit scholarships. Several merit and need-based scholarships are also awarded to qualified students.
Loan assistance is provided for U.S. citizens and permanent residents through the Federal Loans
Private education loans are available for the U.S. citizens, permanent residents and international students.
THE HAAS SCHOOL OF BUSINESS, UNIVERSITY OF CALIFORNIA BERKELEY, BERKELEY
The school offers programs for Full-Time MBA, Evening & Weekend MBA Berkeley MBA for Executives, PhD, Undergraduate, and Master of Financial Engineering.
The budget of $80,215.50 is estimated including a tuition fee of $38,548 plus other expenses like UC Berkeley Fee, Living Expenses, Books & Supplies, and Health Insurance Plan2
The online application fee is $200.
A Current resume ,Admissions essays, Two professional letters of recommendation, University transcripts, GMAT or GRE score report(with no minimum acceptable score)Test of English as a Foreign Language (TOEFL) with IBT and a score of atleast 90/ IELTS score of 7 are to be submitted
The financial assistance provided by the Haas Financial Aid Office at the University of California, Berkeley helps the students to secure the secure the best federal, institutional, and outside funding to achieve their degrees.
In the full time MBA course 70 percent of the students receive some kind of financial assistance
The students have to contact the main office rather than the University’s Financial Aid and Scholarships.
COLUMBIA BUSINESS SCHOOL, COLUMBIA UNIVERSITY, NEW YORK
The university school of business offers MBA program, Executive MBA, Doctoral Program, Master of Science Program. The tuition fee of the college is $63,148 per year for MBA (full-time) plus other expenses like accommodation, living expenses, health insurance, travel etc
The following are to be fulfilled for applying in the course
Official transcripts, self-reported GMAT (preferred) or GRE score, one short answer question and three essays, two recommendations
$250 is the non-refundable application fee for the Columbia Business School MBA Program
Scholarships are mostly need-based. Certain named scholarships have a merit component.
More than two-thirds of Columbia Business School students take help of federal and private loan programs.
TUCK SCHOOL OF BUSINESS, DARTMOUTH COLLEGE, HANOVER, NH
The admissions team considers a variety of factors when judging a candidate’s application. The six Criteria’s evaluated are academic credentials, leadership and team skills, communications skills, diversity, and global mindset.
The estimated budget for the year is $99,655 including the tuition fee of $64,200 and other expenses like Books and Supplies, Housing, Program fee etc.
The applicants of the MBA program are all considered for the scholarship regardless of their citizenship. With the admission decision the scholarships are awarded.
The financial aid is determined by their eligibility for loans based on a variety of factors, including cost of the program, the student’s ability to contribute, debt levels consistent with successful repayment, and the school’s availability of funds. For admission in this school it
It is impossible to predict a candidate’s chance of admission. Admission in this course is not merely judged by looking at his or her academic record and test scores.
DARDEN SCHOOL OF BUSINESS, UNIVERSITY OF VIRGINIA
For admission in the school the applicants are required to take either the GMAT or GRE, submit a TOEFL, IELTS or PTE score, a business rÃ©sumÃ© an essay, two recommendations, Transcripts, Residency/In-State Status, and Visa Information
A non-refundable application fee of $250 is to be paid. For admission in the 21 month course an average of 4 years experience is a must.
The tuition fee is $58,050 plus expenses on Living expenses, Materials charges, Books, Transportation etc
For scholarships there is no additional scholarship application.About 150 scholarships are awarded every year.