Genuinely Cheapest MBA in USA for International Students

There is no doubt that acquiring an MBA degree from a University in USA for an international student is a great opportunity of stepping towards availing the best career options in coming future. USA is considered as the most preferred destination among international students to study abroad and houses some of the most renowned business schools/universities in the world, offering MBA programs i.e. The Wharton School (University of Pennsylvania), Stanford University & MIT Sloan School of Management etc.    

Cheapest MBA Programs in USA for International Students

But, to a large fraction of international students who are dreaming to get an MBA degree from a USA’s university, affordability of MBA programs in USA is a big concern. Usually, the costs of MBA programs in the USA are considerably higher than UK, Canada, Australia or other European countries. However, there are a number of universities/institutions available in USA, which offer internationally accredited MBA full-time study programs at quite affordable costs. So, going against the myth; studying an MBA program in the USA is among the most expensive options, one can easily acquire an accredited MBA degree at affordable costs in the USA. These following institutions/universities offer professionally accredited MBA programs at very reasonable costs     

Top 10 Cheapest MBA in USA 

1. Minnesota State University Moorhead: MBA program (online) offered by Paseka School of Business (accredited by AACSB) at Minnesota State University is a professional program, designed to provide an operational understanding of the functional areas of business, critical thinking skills for managerial decisions & framework for strategic thinking & planning.

(Note: Globally, AACSB accreditation is considered as the surety of world-class, high-quality business education)

Admission Requirements:

• An undergraduate baccalaureate degree from an accredited institution or its equivalent overseas degree with a cumulative GPA of 3.0 or at least 3.25 for the last 30-semester credits (no specific major is required). Evaluation (course-by-course) of all post-secondary transcripts, acquired outside of USA, is required from either of these: ECE (Educational Credentials Evaluators), WES (World Education Services) or any other NACES (National Association of Credential Evaluation Services) 
• GMAT score of a minimum of 450 (not more than 5 years old) - Due to COVID-19 restrictions GMAT score requirements are waived off for Summer and Fall 2021 admissions 
• English Language Score Requirement: TOEFL (iBT): overall score of 78-80 or TOEFL (PBT): overall score of 550 or IELTS Academic overall score of 6.5 (for students whose native language is not English)
• Letter of Intent
• Derailed Resume
• 2 Recommendations

Tuition Fee: $ 597 USD per credit (course is comprised of 37 total credits)

2. Wilmington University: MBA program (on-campus and online ) offered by Wilmington University is accredited by International Accreditation Council for Business Education (IACBE) & also, Wilmington University offers one of the most affordable MBA programs in its region.

Admission Requirements:

• An undergraduate/bachelor degree from an accredited institution (no minimum specific cutoff is mentioned for admission) with course work in mathematics, economics, accounting & finance with a grade “C” or better equivalent to Wilmington University is required 
• A course-by-course evaluation of official transcript is required for transcripts from an institution outside of the US (evaluation agency must be a member of www.NACES.org)
• English Language Score Requirements: TOEFL (iBT): overall score of 46 or above Or IELTS Academic overall score of 5.5 or above Or PTE Academic overall score of 46 or above (for international students whose native language is not English) 
• No GMAT or GRE score is required for admission 

Tuition Fee: $ 537 USD per credit hour (total credit hours in the course: 36)

3. Southern Arkansas University: MBA program (Online and on-campus) offered by SAU is accredited by AACSB (The Association to Advance Collegiate Schools of Business).

Admission Requirements:

• An undergraduate degree from an accredited institution (with a minimum GPA of 2.5 on the scale of 4.0 or 2.75 in last 60 hours of undergraduate work) 
• Candidates having a bachelor degree in non –business areas are required to complete an additional 24 hour prerequisite programs: 6 hours of principles of accounting, 3 hours of business finance or financial management, 3 hours of statistics, 3 hours of principles of marketing, 3 hours of microeconomics & 3 hours of organizational theory & behavior of management
• Official transcripts for bachelor’s or master’s degree evaluated by either of these: WES, IEE or Spantran etc.
• English Language Score Requirement: TOEFL (iBT): overall score of 79 or TOEFL (PBT): overall score of 550 or TOEFL (CBT): overall score of 210 or IELTS Academic overall score of 6.0 or PTE Academic overall score of 51 (for international students whose native language is not English)
• GMAT/GRE score (these scores can be waived for candidates having a bachelor degree with 3.5 GPA from an AACSB accredited business school). General requirements for GMAT, GRE and MAT score are: minimum of 400 or above for GMAT, minimum of 284 or above for GRE and minimum of 35 or above for MAT

Tuition Fee: $ 446 USD per hour (total hours in the course: 30)

4.  Hood College: Hood College’s MBA program (on-campus) is accredited by the Accreditation Council for Business Schools and Programs (ACBSP). 

Admission Requirements:

• An undergraduate degree from an accredited institution equivalent to the US bachelor degree with at least GPA of 2.75 on a scale of 4.0. GPA between 2.5 & 2.7 can also be considered case-by-case basis. Prerequisite courses in calculus & accounting are required.
• If previous degrees acquired outside of the US, Official transcripts evaluated by any member of NACES is also required
• 2 letters of recommendation (If GPA is below 3.0)
• Detailed Resume (If GPA is below 3.0)
• GRE/GMAT scores are not required
• Essay of at least 250 words that includes experience & future goal
• English Language Score Requirements: TOEFL (iBT): overall score of 89 or above Or IELTS Academic overall score of 6.5 or above Or Duolingo English Test score of 105 or above (for international students whose native language is not English) 

Tuition Fee: US $ 641.00 per credit (MBA course is comprised of 36 credits)

5. Western Illinois University: MBA program (on-campus and online) offered by WIU is accredited by (AACSB) Association to Advance Collegiate Schools of Business 

Admission Requirements:

• An undergraduate/bachelor's degree from an accredited institution comparable to a recognized U.S. bachelor's degree. A minimum of 3.0 GPA is required 
• GMAT score of at least 500 Or GRE score of 150 in both verbal and quantitative sections. GMAT waiver requests can be submitted. (GMAT requirement is waived through Fall 2021 admission for all incoming students)
• WES ICAP evaluation may be required for the degree certificates or mark sheets 
• English Language Score Requirements: TOEFL (iBT): overall score of 79 or above Or IELTS Academic overall score of 6.5 or above with a speaking score of at least 6.5 (for international students whose native language is not English) 

Tuition Fee: $ US 10,900 (18 hours per year)

6. Cameron University: MBA program (Online and On-campus) offered by Cameron University is accredited by ACBSP (Accreditation Council for  Business Schools and Programs)

Admission Requirements:

• An undergraduate degree from an accredited institution with a minimum GPA of 3.0 Or a minimum GPA of 3.0 in the last 60 credit hours of undergraduate coursework attempted (regardless of undergraduate discipline)
• Official transcripts for bachelor’s degree or any higher qualification acquired outside of US must be evaluated by either of these: WES or ECE or Span Tran etc. The evaluation must be course-by-course, level and grade point average 
• English Language Score Requirement: TOEFL (iBT): overall score of 79 or higher Or TOEFL (PBT): overall score of 550 or higher Or IELTS Academic overall score of 6.5 or higher Or PTE Academic overall score of 58 (for international students whose native language is not English)
• A minimum GMAT score of 500 Or comparable score on the GRE exam Or a minimum composite score of 3200 using the formula: GMAT + (undergraduate GPA X 1000) Or a minimum composite score of 3200 using the formula: GMAT + (undergraduate GPA X 1000 on the last 60 credit hours of undergraduate coursework attempted)
• GRE/GMAT exam score is required only if you do not have an undergraduate GPA of 3.0 or higher 

Tuition Fee: $ 425 USD per semester hour (total hours in the course: 33) 

7. The University of Texas at Tyler: MBA program (online and on-campus) offered by UT Tyler's is accredited by (AACSB) Association to Advance Collegiate Schools of Business

Admission Requirements:

• A baccalaureate degree from an accredited institution or foreign equivalent (no specific GPA is mentioned)
• GMAT score is required for admission (last 60 hours of undergraduate course work GPA X 200 + total GMAT score => 1000). GMAT score requirement can be waived if last 60 hours GPA is => 3.25 or above GPA. Candidates with 3 or more years of extensive managerial work experience (in U.S. or with U.S. government entity) can request for GMAT score waiver 
• Course-by-course transcripts evaluation is needed. Official transcripts can be evaluated by either of these: WES, ECE, Span Tran, IERF, GCE or IACE
• English Language Score Requirement: TOEFL (iBT): overall score of 79 or higher Or TOEFL (PBT): overall score of 550 or higher Or IELTS Academic overall score of 6.5 or higher with no subscore less than 6.0 Or Duolingo English Test: overall score of 105 Or PTE Academic overall score of 53 or above (for international students whose native language is not English)
• 2 letter of recommendations from professional contacts 

Tuition Fee: $ 8,379 per semester credit for 9 credit hours (course is comprised of 36 credit hours)

8. Fitchburg State University: Fitchburg's MBA program (Online) is accredited by (IACBE) International Accreditation Council for Business Education.

Admission Requirements:

• An undergraduate degree from an accredited institution with at least GPA of 2.8 on the undergraduate coursework or equivalent. Students with GPA less than 2.8 will be considered for admission based on candidate's professional work experience and letter of recommendation 
• GMAT score is not required 
• General evaluation of academic credentials (official transcripts) is required for degrees/diploma acquired outside of U.S. Evaluation agency should be a member of NACES or AICE
• English Language Score Requirement: TOEFL (iBT): a minimum overall score of 79 or higher Or TOEFL (PBT): a minimum overall score of 550 or IELTS Academic: a minimum overall score of 6.5 or higher (for international students whose native language is not English)
• Professional Resume

Tuition Fee: US $ 417 per credit hour (MBA course is comprised of 30 credit hours)

9. North Dakota State University (NSDU): NSDU Business school is accredited by AACSB (Association to Advance Collegiate Schools of Business 

Admission Requirements:

• A baccalaureate degree from an accredited institution with at least a cumulative GPA of 3.0 or more on the undergraduate coursework. Incoming students must have taken approved undergraduate principle courses in each of these areas: finance, accounting, statistics, management, economics and marketing
• Statement of purpose and resume 
• Official transcripts are required for admission. It is preferred that academic credentials be evaluated by either of these: WES, NACES or ECE. Evaluation must be couse-by-course basis 
• GRE or GMAT score is required for admission ( no specific minimum requirement is mentioned)
• English Language Score Requirement: TOEFL (iBT): overall score of 79 or higher Or TOEFL (PBT): overall score of 550 or IELTS Academic overall score of 6.5 or higher Or PTE Academic: overall score of 53 (for international students whose native language is not English)

Tuition Fee: US $ 1090 per credit hour (MBA course is comprised of 30 credit hours)

10. California State University (Chico Campus): MBA (on-campus) offered by California State University (Chico campus) is accredited by AACSB (Association to Advance Collegiate Schools of Business

Admission Requirements:

• A baccalaureate degree from an accredited institution with at least a GPA of 2.75 or higher on the last 60 units or a GPA of 3. 0 or higher in the last 30 units 
• Prerequisite courses in the following areas are required: financial accounting, managerial accounting, microeconomics, statistics for business and economics or statistics, finance and marketing. Students having undergraduate degrees in business or closely related areas generally have completed these prerequisite courses 
• Statement of purpose 
• Official transcripts are required for admission 
• GRE or GMAT score is required for admission. GRE score of 303+ or GMAT score of 570+ (50th percentile or higher on verbal and quantitative reasoning sections)
• One letter of recommendation from a person who can attest your professional skills and abilities i.e.supervisor/manager or professional colleague 
• Current resume
• English Language Score Requirement: TOEFL (iBT): overall score of 80 or higher Or TOEFL (PBT): overall score of 550 or IELTS Academic overall score of 6.5 or higher Or PTE Academic: overall score of 59 (for international students whose native language is not English)

Tuition Fee: average estimated cost for entire MBA program is US $ 35,000