Why is MBA so expensive in the US?
Asked by Gunjan Thapa
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1 Answer
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Some of the factors that play into the high cost of an MBA degree:
- Business schools hire expert faculty. The top MBA professors have great industry experience as well as strong academic credentials
- Beyond the teaching, additional experience such as trips and visits can also increase the cost of an MBA. At times, the fees is inclusive of career fairs, workshops, and coaching
- MBA comes with a significant ROI. According to the Graduate Management Admission Council (GMAC) Corporate Recruiters Survey 2023, the average MBA starting salary is USD 125,000 (Around INR 1 Cr.)
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