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Imran Al Mamun

Published: 13:02, 29 March 2023

Best MBA program in the us

Earning a degree from a good university's best MBA program makes you more qualified. According to a report by the Graduate Management Council, MBA degree holders in America earn an average of $120,000 per year on the job. Whereas the salary for non-MBA degree holders is $75,00 per annum.

Having an MBA degree on your resume will multiply your chances of getting a job. Many hiring managers value MBA degree holders more than non-MBA degree holders.

Again, it is not enough to have a degree. A strong alumni or a degree from an MBA program of a reputed university will fetch you more value in the job market. Good networking will be done with him. Which will improve your career more.

Below is a list of some of the best universities in America for MBA programs. It is mentioned along with the cost to complete MBA from these universities. So that makes your decision much easier.

Best MBA program in the us

1.Harvard University:
Harvard University is one of the best institutions in the world for MBA programs. From this university you can complete MBA in Accounting, Economics, Ethics, Finance, Management, Marketing, Manufacturing and Technology Marketing, Administration, Supply Chain, Statistics etc. Being a private university, the cost of the course is very high. A two-year full-time MBA program costs approximately $73,440 per year in fees.

2. University of Chicago:
The total cost of completing an MBA program from this world's best university is $155,682. Course duration is 2 years. The money can be paid in installments every four months. Tuition, MBA fees, books, rent, food, transportation, computer rental, etc. are included in this cost. However, extra money should be kept for personal travel and work.

3. Stanford University
Stanford University is one of the best in the world to advance your career and acquire skills. The best MBA program at this university requires 20 - 25 hours per week, including class time. From here it will cost $2,54,778 - $2,56458 to complete a two-year MBA course. However, fees will be higher for married students.

4. University of California, Berkeley (Hass) Business School:
The university is located near San Francisco. Where big companies like Google and Visa are located. So along with higher education, students get an opportunity to intern in such big companies. A two-year MBA program at Berkeley Business School will cost a total of around $196,000. However, the cost will vary from course to course. The evening MBA program costs $151,200.

5. University of Michigan
The University of Michigan's Ross School of Business emphasizes action-oriented learning. Through which a student can explore relevant questions and become an effective personality. The university's best MBA programs include full-time, part-time, global or executive MBA courses. Evening MBA course classes are conducted only one week in a month. Along with MBA programs there are also PhD degree courses. Its tuition fee is $168,500 (for the entire program) for the Executive MBA. 88.20% of full time MBA graduates from the university are employed.

Why MBA program is so important:
Everyone wants to do MBA after graduation irrespective of the subject. There are, however, some important reasons for this. For example:
• MBA is the best option if one wants to branch out from his/her subject. Like someone who graduated from fashion or engineering. But he wants to pursue a career in business management. In this situation, his only option is to do MBA in business subjects.
• Best MBA degree holders are given special importance in various companies. Not only in position, but also in terms of salary, MBA degree holders are more advanced.
• Up to 100% tuition fee waiver available through scholarship. A two-year MBA program can be completed without any academic expenses. But for this one has to appear and pass some other tests including GRE.
• People who want to come to America from other countries for higher education. Or want to go to any other country from America, MBA program is a good opportunity for them. Because the big universities of different countries offer partial or full scholarships on MBA programs.

Apart from the mentioned reasons, best MBA degree is also required to run one's own business. An MBA can also help you build leadership skills or professional networks. There are many more such examples of the importance of MBA programs. So in today's world there is no alternative to MBA program to build your own career or business.