MBA (Master of Business Administration), or “Master of Business Administration,” is a business education for middle and senior managers, businessmen and merchants. This education will be useful for all those who want to work with finance and participate in large projects. MBA students study financial analytics, marketing, management, human resources, micro- and macroeconomics, auditing and other equally important and relevant disciplines.
University of Chicago (Booth)
The Booth School of Business was founded back in 1898 and has an excellent reputation in the field of finance. Throughout its existence, it has won many awards. Chicago Booth literally serves as a stepping stone to Wall Street for graduates. The most popular program at the school is the MBA, which lasts 2 years.
Top destinations
Below is a list of the most popular destinations at the University of Chicago (Booth):
- Accounting.
- Business analytics.
- General management.
- Human resource management.
- International Business.
- Production and technology management.
- Marketing.
- Information Systems.
- Nonprofit management.
- Securities portfolio management.
- Public administration.
One of the most popular areas at the Booth School of Business is general management.
Acceptance rate
How quickly you receive a response from the admissions committee depends on the program you choose and your achievements. Most often, applicants receive a response from Chicago Booth within 3-4 months. Sometimes the review period can be extended to 5-6 months .
Expenses
Below is a table showing tuition costs for non-residents.
| Pay | Price |
| Books and consumables | $1,800 |
| Fees | $2,910 |
| Accommodation and meals | $17,004 |
| Other payments | $2,175 |
Cost of education
For one academic year, a student needs to pay about $77,841 .
If you take into account all expenses (housing, food, travel, books), the total amount will be $101,730 .
Exam requirements
To be accepted into the Booth School of Business, you must pass a GMAT score of 724 and a TOEFL score of 72 .
Financial aid
Foreign students, like US citizens, can receive financial support at this school. Scholarships, grants and student loans are available to students. The more achievements you have, the easier it will be for you to receive financial aid.
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Northwestern University (Kellogg)
Kellogg is a private business school affiliated with Northwestern University in Evanston. It was founded in 1908 and throughout its existence has achieved worldwide recognition. Kellogg offers many different programs for students (MBA, Executive MBA, MMM (MBA + MSDI), JD-MBA, MBAi, MD-MBA). Here everyone can find the ideal training option for themselves.
Top destinations
Below is a list of the most popular directions at Northwestern University (Kellogg):
- Jurisprudence.
- Business and innovation.
- Accounting.
- Entrepreneurship.
- General management.
- Marketing.
- Nonprofit management.
- Public administration.
You can choose any direction from the list if you wish.
Acceptance rate
This school typically processes applications from September to December, January to March and April to May.
That is, the applicant will only have to wait 2-3 months for an answer .
Expenses
Below is a table showing tuition costs for non-residents.
| Pay | Price |
| Books and consumables | $2,897 |
| Fees | $2,910 |
| Accommodation, travel and meals | $12,000-26,000 |
| Other payments | $7,175 |
Cost of education
When enrolling in Kellogg’s two-year MBA program, students pay a fixed fee for one year ( $78,276 ). Total tuition is $117,259 per year; This includes budgeted living expenses.
Exam requirements
If you want to enter Northwestern University (Kellogg), then you must pass several tests and score the required number of points. First of all, you must complete the GMAT test and obtain a score of 729 . You also need to pass Ielts with 7 points, TOEFL with 100 points.
Financial aid
Northwestern University (Kellogg) also provides financial support to students.
Here students can count on receiving scholarships, grants and loans.
Fellows receive approximately $250-$40,000 in support.
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University of Pennsylvania (Wharton)
The Wharton School of Business was opened in 1881 by the famous businessman and philanthropist J. Wharton. Now this educational institution has more than 4.7 thousand students who are studying in the following areas: “Business and Public Policy”, “Finance”, “Insurance”, “Management”, “Marketing”, “Statistics”, “Operations and information management”, “Real estate”, “Management and policy in the field of healthcare”, etc.
The Wharton School is a division of the University of Pennsylvania , so here you can get not only a Master of Business Administration (MBA) degree, but also a Doctor of Business degree (PhD).
Top destinations
Below are the most popular destinations at The Wharton School:
- Accounting.
- Business and government policy.
- Finance.
- Health care system.
- Insurance and risk management.
- Legislation.
- Management.
- Marketing.
More than 70% of the school’s bachelor’s graduates choose a career in the financial industry. Therefore, if you want to enroll in the same buch. registration, you will have to go through a serious selection process.
Acceptance rate
The application must be submitted by January 1st.
Review time: from 2 to 6 months .
Expenses
Below is a table showing tuition costs for non-residents.
| Pay | Price |
| Books and supplies | $2,000 |
| Fees | $1,325 |
| Housing and food | $15,000 |
| Other payments | $2,175 |
Cost of education
Every year, students need to transfer $77,500 to the school account . Including housing, food, and educational expenses, the total cost is $98,000 .
Exam requirements
If you want to enter The Wharton School, then you need to pass TOEFL with 111-112 points and IELTS with 7.5 points.
And also take the GMAT and get a 730 score.
Financial aid
There are several ways to obtain financial support at the Wharton Business School – educational loans (including for foreigners), grants and scholarships provided by the educational institution or external organizations.
The average scholarship offered to students is $56,000 .
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Massachusetts Institute of Technology (Sloan)
MIT Sloan is an international business school affiliated with the Massachusetts Institute of Technology in Cambridge, USA. It was named in honor of former General Motors President Alfred Sloan, who sponsored its development.
The school offers bachelor’s, master’s and doctoral programs of study, as well as an MBA business education.
Top destinations
Below is a list of the most popular destinations at MIT Sloan:
- High tech.
- Artificial intelligence .
- Bioengineering.
- Design.
- Materials Science and Engineering.
- Media technologies in science and art.
- Neurobiology and cognitive science.
- Music and theater arts.
- Management.
- Political science.
- Economy.
This school pays most attention to management. Applicants should take this into account.
Acceptance rate
The MIT Sloan School Commission is accepting applications until January 1st.
Therefore, the review period does not extend beyond six months. Basically, applicants have to wait 2-4 months .
Expenses
Below is a table showing the costs of training for non-residents.
| Pay | Price |
| Books and consumables | $2,000 |
| Fees | $1,000 |
| Accommodation and meals | $30,000 |
| Other payments | $23,000 |
Cost of education
If you do not take into account expenses, then the cost of education at MIT Sloan is $134,000 . Taking into account additional expenses amount to $190,000 .
Exam requirements
To enter the Sloan School of Management you need to pass a TOEFL score of 577 points, a GRE score of 300 points, and a GMAT score of 716 points. IELTS are not accepted.
Financial aid
When it comes to financial aid, MIT Sloan is great. About 30% of students receive sponsorship from employers, the rest receive scholarships/grants. The conditions for receiving scholarships here are the same as in other educational institutions: if your level of income and the amount of assets you own are below the established limit, then you will receive a payment.
Its size depends only on your financial situation. Most often, fellows are paid $41,000 per year.
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Harvard Business School (HBS)
Harvard Business School is a higher education institution located in Boston, Massachusetts, USA. HBS offers a full MBA program, as well as doctoral and other advanced and graduate programs. Harvard School is one of the most prestigious in the United States, and quite a large number of people dream of enrolling in it.
Top destinations
List of the most popular directions at Harvard School:
- Business Basics.
- Strategy.
- Finance and accounting.
- Business in society.
- Entrepreneurship and innovation.
- Leadership and management.
Each direction includes at least three highly specialized courses that can be completed remotely.
Acceptance rate
The first stage of admission ends in mid-September, and the second in early January. The decision-making process regarding student enrollment may last 2-4 months .
Expenses
Below is a table showing the costs of training for non-residents.
| Pay | Price |
| Education | $47,000 |
| Fees | $4,100 |
| Accommodation and meals | $10,000 – 16,000 |
| Commission | $6,000 |
Cost of education
The total cost of training is $73,100 . It is also necessary to allocate funds for medical insurance if it is not available. It will cost one student $3,700 .
Exam requirements
To enter Harvard Business School, you need to pass TOEFL 109 points, IELTS 7.5 points, GMAT 730 points, PTE 75 points.
Financial aid
Harvard Business School regularly develops financial assistance programs for students. Anyone can receive a scholarship and grant if desired (and certain circumstances exist).
Fellows receive $12,000 annually , and the average grant per academic year is more than $53,000 .
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Dartmouth College
Tuck is the Amos Tuck School of Business Administration at Dartmouth College . It was founded in 1900 and offers only an MBA degree program.
Top destinations
Below are the top destinations at Dartmouth College (Tuck):
- Accounting.
- Consulting.
- Economy.
- Entrepreneurship.
- Finance.
- General management,
- International Business.
- Production and technology management.
- Nonprofit management.
Each of these areas is promising for foreign students who intend to work in business in the future.
Acceptance rate
The admissions committee reviews applications from September to December-January.
Therefore, the application acceptance process may take 4-5 months .
Expenses
Below is a table showing the costs of training for non-residents.
| Expenses | Cooperation agreement (on the territory of the educational institution) | Cooperation Agreement 2023 (off-campus) | COA 2023 (off-campus) |
| Education | 75.108 | 75.108 | 75.108 |
| Books and consumables | 1,500 | 1,500 | 1,500 |
| Housing | 12,750 | 15,742 | 15,742 |
| Other payments | 15,573 | 18,501 | 18,501 |
| Program cost | 3,489 | 3,489 | 2,739 |
| Board | 700 | 700 | 600 |
| Total | 109.120 | 115,040 | 114.190 |
Cost of education
At this school, tuition fees are the same for all students and start at $77,520 per year without additional expenses.
Exam requirements
To enter Dartmouth College (Tuck), you need to pass the GMAT with 726 points, TOEFL with 105 points, and GRE with 322 points.
Financial aid
Dartmouth College provides financial assistance to students in the form of grants, internships, and scholarships. Fellows receive an average annual salary of $70,000 .
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Stanford University
Stanford University is a private university located in Stanford, California. It is recognized as one of the best in the USA. More than 17,000 students study on the Stanford University campus.
Top destinations
The following are the top destinations at Stanford University:
- Finance.
- Management.
- Marketing.
- Entrepreneurial business.
- Accounting.
- Business analytics.
- Economy.
- General management.
Stanford University has the best MBA programs in the world, which is why so many applicants seek admission to this university.
Acceptance rate
The decision to admit a student to the university is made by December 15 (for those who submitted an application in the first stage), or by April 1 (if the application was sent in the second stage). Students are notified of the results on May 1.
Acceptance speed is 8-12 months .
Expenses
Below are the general expenses of non-residents.
| Tuition and fees | $53,529 |
| Accommodation and meals | $16,433 |
| Other payments | $17,381 |
Cost of education
The minimum tuition fee at Stanford University is $76,500 . Taking into account additional expenses, the amount will be $87,343 .
Exam requirements
To enter Stanford University, you need to pass the TOEFL with 100 points and the GMAT with 800 points.
Financial aid
The university management provides funding for its students.
It includes scholarships, grants and loans.
The amount of payments to fellows depends on income, starting at $4,000 per year and reaching $78,000 .
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University of Michigan – Ann Arbor (Ross)
The Stephen M. Ross School of Business is affiliated with the University of Michigan in Ann Arbor. It was founded in 1924, and throughout its existence it has repeatedly won the title of the best educational institution in the USA.
Directions
Below are the top destinations at the University of Michigan – Ann Arbor (Ross):
- Business.
- Social sciencies.
- Biology.
- Accounting.
- Consulting.
- Economy.
- Entrepreneurship.
- Finance.
- General management.
- Human resource management.
The University of Michigan at Ann Arbor offers 469 online degree programs. So if you’re planning to study remotely, you’ll have plenty to choose from.
Acceptance rate
The application deadline for the University of Michigan – Ann Arbor (Ross) is early November/February. The admissions committee checks all applications before May 1.
Therefore, the adoption rate is 3-6 months .
Expenses
Below is a table showing the costs of training for non-residents.
| Pay | Price |
| Books and consumables | $2,000 |
| Fees | $1,000 |
| Other payments | $2,000 |
Price
Tuition without additional expenses is $ 68,196 . Taking into account expenses, it is $73,196 .
Exam requirements
To enter the University of Michigan you need to pass GRE with 18 points, GMAT with 700 points, PBT with 570-600 points, iBT with 88-100 points, IELTS with 6.5-7.0 points.
Financial aid
The University of Michigan provides financial support to its students by providing scholarships and grants. Fellows receive approximately $22,021 per year.
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