Category: Study in the USA

  • Getting an MBA for international students in the U.S.

    Getting an MBA for international students in the U.S.

    December 18th, 2024 by IEFA

    The Master of Business Administration (MBA) degree is the pinnacle of business qualifications for students dreaming of becoming captains of industry. Earning a highly sought-after MBA can ensure a bright future full of opportunities for advancing a career in business. With a median $125,000 starting salary for MBA graduates in the U.S., it’s no wonder international students want to attend American business schools in record numbers. 

    This post explores what it means to earn an MBA for international students in the U.S. We look at what an MBA is all about and why these qualifications are in such high demand. Read on to discover more about the best U.S. schools for getting an MBA and what you’ll need to do to get into one. 

    Master of Business Administration (MBA) 101

    Earning an MBA is a significant achievement. Professionals holding this prestigious degree are recognized as individuals who’ve met and passed the stringent MBA requirements. 

    Known for covering the high-level essentials of modern business administration through specialized topics and themes, MBA programs are designed to prepare students to manage dealings across various industries and contexts. 

    Ultimately, MBA graduates join a select membership of professionals recognized as leaders in business around the world.

    What’s an MBA? 

    A Master of Business Administration degree is a professional master’s level academic qualification. It’s recognized around the world as a critical requirement for advancing to the upper echelons of modern business careers. MBA programs in the U.S. are offered by business schools associated with universities providing the resources, faculty and accreditation for MBAs. 

    How long does it take to complete an MBA program?

    MBAs generally take two years to complete. The degree requires intensive work, and most students entering programs hold prior real-world work experience. MBAs typically culminate with the submission of a dissertation. Some programs require students to complete a major project or to pass a comprehensive exit examination.

    MBA course structure and content

    Most MBAs follow a course structure built around core courses. These cover the essentials of business administration, including analytical, functional and ethical subjects. The first year of the MBA program usually consists of core courses followed by a second year of elective courses. These electives allow students to specialize in their chosen MBA field, exposing them to business administration theory and practice. 

    Most MBA course content in U.S. programs follows a case method structure. This helps students develop critical strategic decision-making skills in real-world scenarios using practical learning activities and simulated consulting projects to reinforce concepts. Many MBA programs also involve exposure to corporate experts and business executives, providing MBA students with a higher level of experience and opportunity than many other master’s level programs.

    Who’s eligible for MBA programs?

    A prerequisite for almost all U.S. MBA programs is that applicants hold an undergraduate degree, usually with a focus on business or commerce. Applicants must meet various MBA program entry criteria. These may include demonstrating previous academic excellence, a comprehensive work history, and submitting essays and letters of recommendation. 

    Students will likely be required to write and pass an entrance examination before gaining entry to an MBA program. In the U.S., MBA program applicants will likely need to complete one of two exams:

    • The Graduate Management Admission Test (GMAT)
    • The Graduate Record Examination (GRE)

    Students should also be able to demonstrate previous work experience, often exceeding five years and, in some cases, 10. This includes applicants for an MBA for international students in the U.S. 

    International student MBA eligibility

    International students must meet the same work experience, academic performance and entry exam requirements as American applicants. However, non-U.S. students will be required to complete relevant language proficiency tests, including TOEFL, IELTS, TOEIC, PTE, or, in some cases, Duolingo accreditation. International students who complete their undergraduate degrees at U.S. colleges are exempted from these English proficiency requirements. 

    All U.S. university business schools accept international student MBA program applications, with some even offering scholarships and incentives to attract more foreign participants. 

    Why international students pursue MBAs in the U.S. 

    While most universities around the world offer MBA programs, and a growing number of private institutions are doing the same, the U.S. still sets the gold standard for business administration qualifications. That’s why thousands of ambitious students from around the world seek to earn an MBA for international students in U.S. colleges and universities.  

    STEM-eligible OPT visa extension

    Many U.S. business schools full-time MBA programs are STEM-designated degrees. This means that qualifying international student graduates may apply for the F-1 24-month STEM-optional practical training (OPT) extension. The visa extension allows three years of authorized work in the U.S. before requiring sponsorship for any employment-based nonimmigrant or immigrant visas. Not all schools offer this benefit, but those that do attract international students looking to remain in the U.S. for work purposes after earning their MBA. 

    Earning potential and employability

    Different MBAs around the world hold varying degrees of power – and earning potential. Stanford’s Graduate School of Business 2023 MBA graduates, for example, could expect a $248,000 average base salary, with 84% finding work within three months of graduating. By comparison, MBA graduates of the Frankfurt School of Finance and Management in Germany attracted salaries of under $103,000 on average, with just 75% employed within three months of receiving their degrees. A 2023 study indicated that over 90% of employers in the lucrative finance, consulting and technology industries expect to hire MBA graduates. 

    Reputation and the experience

    Four of the world’s top five business schools (and 11 out of the top 20) are in the U.S. The unprecedented access to academic resources, business expertise, facilities and knowledge offered by these institutions is hard to find elsewhere. Students receive next-level support, and the very best business administration professors are linked predominantly to top U.S. universities. Students rub shoulders with the finest talent, allowing for unrivaled networking opportunities. And knowing you hold an MBA from a U.S. institution provides confidence and prestige.  

    Understanding MBA programs

    Here’s a quick overview of the various MBA programs for international students in the U.S. and specializations available at most U.S. business schools. 

    Types of MBAs

    Like many other undergraduate and postgraduate degrees, MBA programs offer a range of structures and configurations. 

    • Full-time MBAs – These in-person programs follow a set course curriculum with students attending classes and submitting coursework. Full-time MBAs are the most common type of program and generally take two years to complete.
    • Part-time MBAs – An alternative to the full-time MBA, the part-time MBA allows students the flexibility of continuing with work or careers while still studying. These MBAs take longer to complete, often three years or more. 
    • Online MBAs – This increasingly popular form of MBA allows students to obtain their degrees remotely. All lectures, exams and project submissions are done online. However, distance learning may restrict exposure to expertise and limit access to resources. 
    • Executive MBAs (EMBA) – EMBAs are designed for corporate managers and executives with work experience, often 10 years or more. This MBA caters to business leaders looking to improve their management and leadership skills. 
    • Flexible MBAs – These programs allow students to combine different MBA structures to accommodate work needs. Students can, for example, opt for a modular course approach or blend in-person attendance with distance learning. Not all U.S. business schools offer this option.

    Whichever MBA type works for you, ensure you fully understand what each one entails. Also, not all business schools offer MBA programs in various structures, so make sure you know what’s available and what isn’t. 

    MBA specializations

    Most MBA programs require students to specialize in a chosen field or business profession. You can pick your elective subjects, usually in the program’s second year. While there are many MBA specializations available, these are among the most common U.S. MBA programs currently. 

    • MBA in business analytics – This increasingly in-demand MBA program is centered around managing and interpreting complex data. It’s geared towards students looking to enter tech industries and data-intensive fields like insurance, which require advanced modeling visualization and analytical skills. 
    • MBA in marketing management – A traditional MBA focusing on marketing and related communications and advertising fields. This multifaceted MBA covers various areas and topics, including promotional strategy, brand management and product development. 
    • MBA in financial management – This program is designed for the financial industry. Many of these MBA graduates work in banking, corporate finance, economics and careers on Wall Street.
    • MBA in human resource management – A popular management MBA. This specialization is essential for HR managers looking to take their corporate people management capabilities to the top level. 
    • MBA in international business – Also known as a “global MBA,” this specialization focuses on international business and commerce. An excellent option for international students looking to study in the U.S. 

    There are many other MBA specializations available at U.S. business schools, such as entrepreneurship, health administration, IT, logistics, and even agriculture. Every year, new MBA programs are emerging to meet the changing needs of the business world. 

    Top U.S. business schools for international students

    There are nearly 400 business schools in the U.S., and over 270 U.S. universities offer MBA courses and degrees. Many of these business schools rank in the top 50 globally, with the likes of Harvard, Stanford and Wharton business schools consistently taking spots in the top five. 

    We’ve picked five of the most recognized and respected U.S. business schools offering sought-after MBA programs for students thinking about earning an MBA for international students in the U.S.

    1. The Wharton School

    University of Pennsylvania | Intl. Student Ratio: 31% | Admission Tests: TOEFL, IELTS, PTE

    The University of Pennsylvania’s Wharton School is a top MBA destination for students looking to specialize in the finance field. Recognized as one of the best finance MBA degrees in the world, Wharton’s innovative course offerings and extensive research programs make it an attractive prospect for students from around the globe. Learn more about Wharton’s application requirements for international students. 

    1. Harvard Business School

    Harvard University | Intl. Student Ratio: 39% | Admission Tests: TOEFL, IELTS, PTE, Duolingo

    Harvard’s Business School ranks in the top three for its business management MBA, global MBA and entrepreneurship MBA qualifications. The school’s extensive networks and high-profile faculty make this business school a top pick for international students hoping to reach the top of the business world. HBS’s admission requirements are famously tough, but the massive opportunities an HBS MBA provides make applying for one here worth the effort. 

    1. Stanford Graduate School of Business

    Stanford University | Intl. Student Ratio: 36% | Admission Tests: TOEFL only

    The Stanford Graduate School of Business is seen as offering the best MBA qualifications for students with entrepreneurial dreams. With close ties to Silicon Valley and groundbreaking innovation, the Stanford Graduate School of Business often tops the rankings lists for most valuable MBAs. With a 7% acceptance rate, It’s no surprise that only the best international students will be admitted into the program. 

    1. Booth School of Business

    The University of Chicago | Intl. Student Ratio: 36% | Admission Tests: TOEFL, IELTS, PTE, Duolingo

    Chicago’s Booth School of Business offers a well-balanced range of MBA qualifications, though many graduates end up working as world-class consultants. Booth’s finance and economics MBA qualifications are recognized as among the finest in the world, and the school’s diverse student body accommodates many international students. Admission requirements for Booth are also less rigorous than other top business schools. 

    1. Kellogg School of Management

    Northwestern University | Intl. Student Ratio: 39% | Admission Tests: TOEFL, IELTS, Duolingo

    Located just north of Chicago, the Kellogg School of Management’s myriad MBA programs are particularly attractive to international students hoping to become top-level tech and financial sector management consultants. MBA graduates of this prestigious institution have access to a  55,000-strong alumni network across the globe. Visit their international students admissions page to learn more about applying for an MBA at the Kellogg School of Management. 

    Financing your MBA education

    Like other undergraduate and postgraduate degrees at U.S. universities, studying for an MBA for international students in the U.S. can be expensive. 

    The average tuition for attending a full-time MBA program at a U.S. business school varies widely, but most top programs cost between $30,000 and $60,000 per year. The best schools, like those mentioned above, can reach as high as $75,000 a year or more, just for tuition. That doesn’t include living expenses.

    Financing your MBA education can come through various avenues. Not very many international students can afford to pay so much up-front. But they can turn to resources that make funding an MBA possible. 

    Business school scholarships and fellowships

    Some business schools offer scholarships and fellowships to assist applicants with covering their tuition and living expenses during their program. International students are generally excluded from applying for federal financial aid. However, some business schools don’t discriminate between U.S. and non-U.S. citizen applicants when awarding scholarships or fellowships. You can browse some of them here. 

    Private financial aid options

    It may be worth exploring external, non-university financial aid options to assist with funding an MBA for international students in the U.S. Some organizations and private entities, both inside and outside the U.S., have programs to assist international MBA students specifically. 

    Student loans

    The most accessible, flexible and popular way to fund your MBA education is through student loans. Widely available and effective at providing the necessary funds to cover the costs of the degree, student loans can make these programs accessible to talented students around the world.  Some student loans are even available without a cosigner or collateral opening up MBA programs to support all of the world.

    What we’ve learned about MBA programs for international students

    Aside from being the first nation to offer advanced degrees in business, the U.S.’s status as the leading economy in the world makes earning a U.S. MBA valuable. The country is home to many of the globe’s largest companies and organizations. This gives top business schools access to leading corporate executives, resources and, importantly, networking opportunities. 

    Though ranking as one of the most expensive master’s-level qualifications available, the return-on-investment potential of pursuing an MBA outranks almost every other qualification. With more and more employers seeking top MBA talent and these degrees boasting a remarkably higher starting salary for MBA graduates over their peers, earning an MBA at a U.S. business school can lead to business success. Discover the MBA opportunities available to international students in the U.S. (and around the world) and how to access financial aid to pay for it. Visit International Education and Financial Aid.

    Posted in International Financial Aid News, Study in the USA

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  • » The international student’s guide to American holidays and traditions

    » The international student’s guide to American holidays and traditions

    Holidays and traditions vary across the globe, from hemisphere differences to religious, cultural and historical observances.   

    In this article, we look at American holidays and traditions that may impact international students studying in the U.S.  

    The American holidays cycle

    The American holiday system is slightly different from the rest of the world. Most people in the U.S. reserve the term “holidays” for the Christmas period, using terms such as “break” or “vacation” to describe the other days and observances when schools and businesses are closed.

    Many states observe their own special dates, traditions and observances. California, for example, marks César Chávez Day on March 31; Floridians celebrate the state’s 1512 discovery every April 2; and Texas observes its very own April 21 independence day. However, all recognize the U.S. federal holidays. So holidays and observances may vary depending on which state you’re studying in. 

    Not all holidays fall on the same date every year. For example, Independence Day is celebrated annually on July Fourth, the day the U.S. signed the Declaration of Independence in 1776. But Thanksgiving – another important U.S. federal holiday – is observed on the fourth Thursday of November. 

    Federal holidays

    There are 11 recognized federal holidays in the U.S. and a 12th every four years following a presidential election. These cover traditional holidays celebrated across much of the globe, including New Year’s Day and Christmas, as well as unique American observances, such as Memorial Day and Labor Day.

    Here’s a list of federal holidays, along with their dates and a brief description of each.

    1. New Year’s Day – January 1: The first day of the year, celebrated around the world.
    2. Martin Luther King, Jr. Day – The third Monday of January: Celebrates the birthday of the iconic civil rights leader.
    3. Inauguration Day – Once every four years on January 20: Follows the November presidential election to swear in the president of the United States.
    4. Washington’s Birthday – Each third Monday of February: Marks the birthday of the first U.S. president, George Washington.
    5. Memorial Day – The last Monday every May: Commemorates the members of America’s armed forces who have lost their lives in service to their country.
    6. Juneteenth National Independence Day – June 19: A relatively new federal holiday (since 2021) to commemorate the end of slavery in the United States.
    7. Independence Day – July 4: Observes the ratification of the Declaration of Independence in 1776, officially establishing the United States of America. An important date in American culture. 
    8. Labor Day – The first Monday in September: Recognizes the U.S. labor movement and celebrates the achievements and contributions of workers in the United States. 
    9. Columbus Day – The second Monday in October: Marks the anniversary of Christopher Columbus’s arrival in the Americas. Some groups do not recognize this holiday or instead observe the day as Indigenous People’s Day. 
    10. Veterans Day – November 11: Honors the military veterans of the United States Armed Forces (also observed in most Western countries as Armistice or Remembrance Day).
    11. Thanksgiving Day – The fourth Thursday in November: A U.S. holiday where families and friends come together – usually over a large, home-cooked meal – to give thanks for the good things in life. 
    12. Christmas Day – December 25: Celebrates the birth of Jesus Christ and is widely celebrated.

    Many people don’t have to work on national holidays, and schools are often closed if the holiday falls during the academic term. 

    Unofficial American holidays and observances

    In some states and cities, Americans observe non federal holidays or traditional, religious and even political dates. These can vary significantly from state to state. The government doesn’t officially recognize these as days where businesses and schools are closed.

    Religious observances

    The U.S. values the right to celebrate religious observances without fear or prejudice. It’s not uncommon to see many different religious and cultural activities across the nation. 

    • Eid al-Fitr – Marks the end of the holy Muslim month of Ramadan. Eid, as this day is often called, generally falls on a different date each year.
    • Diwali – Usually falls between October and November and lasts for five days. This Hindu festival of lights is a popular observance among Indian Americans.  
    • Yom Kippur – The Jewish holiday often occurs during September and October and is seen as Judaism’s most important holiday. 
    • Easter – The Christian holy days of Good Friday and Easter Sunday mark the crucifixion and resurrection of Jesus Christ.

    American cultural observances

    While not official holidays, these American cultural observances are widely celebrated across the U.S. and enjoyed by almost everyone. 

    • Halloween – This popular celebration has spread worldwide, but Americans love to take it to another level. Creepy Halloween decorations and spooky events can be seen and enjoyed for days before the October 31 night of trick or treating. 
    • St. Patrick’s Day – Celebrated every March 17, no matter the day of the week. This popular date sees many people heading out to enjoy socializing in pubs and bars. 
    • Flag Day – The June 14 holiday commemorates the 1777 adoption of the American flag, popularly referred to as “Old Glory.” Though not a federal holiday, many American citizens use this day to express their patriotism to the U.S.

    Academic year breaks

    The American academic year for colleges varies widely. Most schools follow the two semester system, though there are many following quarter or trimester systems.  Typically, there are school breaks between academic periods. Here’s a general overview of  academic breaks: 

    • Winter break – Mid-December to early/mid-January | Around two to three weeks

    The winter break usually commences after final exams in December and includes Christmas and New Year’s. Centered around celebrating the Christmas season, this break is often a great opportunity to travel home to spend time with family and loved ones. 

    • Spring break – During March or April | one to two weeks

    The spring break holiday is known for being a time when young people can relax and unwind. Coming just as the weather in most U.S. states is warming up, the spring break often sees crowds heading to sunny spots around the country to enjoy a few days of fun in the sun. 

    • Summer break – Mid-May through late August | 12 to 16 weeks

    Summer break is the longest break of the academic year and runs 12 to 16  weeks. Americans usually head outdoors to enjoy the warm weather, so this is a great opportunity to explore the country. Several national holidays fall during the summer break. 

    • Fall break– Usually at the end of November | About five days

    Also called Thanksgiving break. May include a day or more before Thanksgiving Day and ends the day after the holiday. If time allows, many travel to spend time with their families.  

    American traditions on holidays and during observances

    There are many traditions and practices associated with American holidays. These unofficial activities and exercises celebrate the diversity of American culture and, in some cases, hold special meaning to the people participating in them. 

    Here are a few iconic examples:

    • Independence Day often involves outdoor barbeques or cookouts with friends and family followed by fireworks displays at dark. Some campuses host Independence Day events in the lead-up to the holiday. 
    • Thanksgiving traditions revolve around traveling to visit family to enjoy quality time with loved ones over a large meal. These meals often include staples like mashed potatoes, corn and turkey. Americans have a tradition of inviting people unable to travel over the break to Thanksgiving dinners, so don’t be surprised if you receive an invite or two. 
    • Saint Patrick’s Day is a well-known religious and cultural holiday in the U.S. Celebrated worldwide but especially prominent in the U.S., many love to dress up in green and head out for a drink. Saint Patrick’s Day often coincides with the beginning of spring break and includes large-scale events like parades in cities with a strong Irish heritage such as Boston and Chicago – which even dyes its river green. 
    • Halloween is an unofficial holiday revered in the U.S. Kids look forward to Halloween, excited to go “trick-or-treating” for candy after sunset on the last day of October. Many young people and adults attend costume parties to mark the observance.
    • Christmas is an important day on the traditional calendar. While many families around the world open gifts on Christmas Eve, Americans prefer doing so on Christmas morning. Christmas traditions in the U.S. also include making eggnog, singing Christmas songs and wearing Christmas-themed sweaters. 

    How holidays impact international students in the U.S.

    American holidays, breaks and observances provide a great chance for international students to take some time off from their studies. They’re also perfect opportunities to engage with American culture or travel home to visit friends and family. 

    Whatever you choose to do during these periods, remember to plan well and be safe. 

    Here are some tips and pointers for planning before an American holiday or observance:

    • Travel smart – Americans love to travel over the holidays. Whether hopping onto a flight, hitting the road or taking the bus, the holidays can be a very busy time. Try to avoid traffic and make your plans and reservations well in advance. 
    • Spending – Some popular holiday destinations and cities tend to raise prices during the busy season. From skyrocketing accommodation and travel costs to premium charges for entertainment, holiday activities and even food, draw up a realistic holiday budget and stick to it. 
    • Local customs and laws – Rules and regulations vary from state to state, so be careful not to break local laws or violate customs unintentionally. A quick check online or chatting to a local on arrival at your holiday destination should prepare you adequately to avoid this. 
    • Remember to recharge – While the holidays can be a lot of fun and a great time to socialize and meet new people, remember to rest and recuperate. Returning to class with renewed vigor and energy is always a good idea. 
    • Stay focused – Don’t forget to check in with your teachers and course administrators to ensure you’re not missing out on any important holiday assignments. Also, avoid skipping opportunities to earn extra credit at summer schools or other on-campus holiday events. Review your financial aid or scholarship contracts for any holiday conditions. 

    Enjoying the holidays responsibly

    One of the best things about studying in the U.S. is the opportunity to engage with the rich and vibrant American culture. Holidays are a great way to experience what the U.S. has to offer, and Americans take their national holidays, traditions and observances seriously. 

    Getting familiar with American holidays and traditions before starting your academic journey will help you to optimize your planning and get the most out of your time. Remember to be safe during the holidays and engage with locals for a truly American experience. For more on getting your international student journey started, visit International Student or check out our blog.


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