US business schools fall under two
- public (state supported), and
- private (independent) institutions.
International students tuition expenses at state schools are based on nonresident
costs, which are still usually less expensive than those of private universities.
It is important to note that the cost of a program in a US school does not necessarily
affect its quality.
A brief idea can be got from the following table:
|Tuition Fees (annual in U.S. Dollars)
|Private School (High Cost)
|Private School (Low Cost)
|State School (High Cost)
|State School (Low Cost)
The tuition fee is different for different universities and
varies widely with courses. It can vary from as low as $ 8000 a year for state
universities to as much as $ 35000 per annum for some private
For example, Colorado
Technical University offers the MBA program for less than US $
10,000 a year, while many top schools like Harvard Business School
and Wharton Business Schools have a fee structure of around US $
30,000 per year.
specific details, please check out the university websites or contact the universities.
The approximate annual living expenses
during the MBA program is about $14,400,
which includes accommodation as well as other daily expenses. However, the expenses are
different for different people depending on the lifestyles and this is just a rough idea.
The main expenses can be split up as:
|$ 500 per month
(you can live alone with that amount in a place like Auburn or share an apartment with 6
people in NY)
|$ 150 per month
|$ 150 per month
|$ 150 per month (if careful with international calls)
|$ 250 per month
So, about $1200 per month is a
good estimation. Mostly people can survive between $700-$1000 a month.
The key here
is to share apartments/houses so that you save on the utilities, fixed charge portion of
phone and to some extent on groceries.
The approximate currency exchange rate is: 1 US $ = Rs. 54
For the latest conversion rates, Check out http://finance.yahoo.com/m3