In previous blog we discussed admission process in brief. Here we will discuss about some technical details like Cost of Education and accreditation of universities. MBA is a much sought option for abroad studies.
MBA programs in USA are costlier than in other countries. Unlike in India, further study of business management is considered as an investment’. And, most applicants are either middle or top level managers who have work experience to take advantage of MBA education. Hence, ‘return on such investment’ is carefully considered and therefore, the MBA program in USA is globally competitive and focused – to provide world-class curriculum, best infrastructure, reputed faculty and career enhancement opportunities. Top-tier and Ivy league schools like Harvard, MIT, Kellogg, Wharton, NYU etc., cost anywhere between $ 40,000 to $ 80,000 per year in tuition and fees. There are other universities that offer the same program for lesser fee – between $ 20,000 and $ 40,000 per year. With the addition of other expenditure like living, cost of a lap-top, study-abroad programs, books, insurance etc., the costs are bound to be quite high and only those who could afford this level of expenditure are expected to ‘invest’ in an MBA program. Financial aid is very rare for management-related programs. In order to offset the costs, there are several loan programs. There are some organizations which provide educational loans for up to $ 45,000 per year, without mortgage or guarantor. For more details about this exciting loan program feel free to contact us.
Accreditation to AACSB is considered to be prestigious for US Business schools. Accreditation of colleges/universities is very important in choosing the right institution, since that ensures uniformity in curriculum, proper designing of courses, meeting the infrastructure needs, proper faculty and facilities etc. Six Regional Accrediting associations provide accreditation in six regions of USA – Middle States, New England, North Central, Northwest, Southern and Western. Whereas, National Accrediting Associations such as AACSB, ACICS, AABC, ATS, DETC etc., provide specialized accrediting for various programs in technology, biblical studies, distance education etc.
– Dr. Deepak Patil – Abroad Education Consultant
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