The USA is known for offering world-class business and management programs at both undergraduate and postgraduate levels. The business schools in the USA are internationally recognized for their rigorous academic curricula, diverse student body, and global networking opportunities.
Below are details about popular business and management courses and the entry requirements for Bangladeshi students wishing to study in the USA.
Popular Business and Management Courses in the USA
- Business Administration (BBA, MBA)
- Bachelor of Business Administration (BBA):
- Core subjects: Accounting, Finance, Marketing, Human Resource Management, Business Ethics, Organizational Behavior, Strategy, and Operations Management.
- Master of Business Administration (MBA):
- Specializations include Finance, Marketing, International Business, Entrepreneurship, Operations, Information Technology, Supply Chain Management, and Human Resource Management.
- International Business
- Focuses on global business strategies, international trade, cross-cultural management, and international finance.
- Marketing
- Marketing research, advertising, consumer behavior, digital marketing, sales management, and branding.
- Finance
- Corporate finance, investment analysis, banking, financial markets, and financial modeling.
- Accounting
- Financial accounting, managerial accounting, auditing, taxation, and financial reporting.
- Human Resource Management
- Employee relations, organizational behavior, recruitment and selection, compensation management, and workforce planning.
- Entrepreneurship
- Business innovation, startup strategies, business plan development, venture capital, and growth management.
- Supply Chain Management
- Logistics, procurement, inventory management, operations strategy, and distribution management.
- Management Information Systems (MIS)
- Data management, business intelligence, systems analysis, and IT strategy.
- Healthcare Management
- Focuses on the business aspects of healthcare systems, including hospital administration, policy-making, and healthcare marketing.
Entry Requirements for Bangladeshi Students
Foundation/Diploma Programs:
- Education:
- Completion of Class 12th with at least 50%-60% marks in any stream (preferably in Commerce or Science).
- English Language Proficiency:
- IELTS 5.5–6.0 (no band less than 5.0) or equivalent (TOEFL iBT 60–70 / PTE Academic 50–58).
- Additional Requirements:
- Some U.S. universities may require a personal statement explaining your motivation for pursuing business studies.
- Recommendation Letters from teachers or mentors who can vouch for your academic potential.
Undergraduate Programs (BBA, BSc in Business Administration, etc.):
- Education:
- Completion of Class 12th with at least 60%–75% marks, preferably with subjects like Accounting, Economics, and Mathematics. However, some universities accept students with a background in Arts or Science as well.
- English Language Proficiency:
- IELTS 6.0–6.5 (no band less than 5.5) or equivalent (TOEFL iBT 70–90 / PTE Academic 58–65).
- Additional Requirements:
- Recommendation Letters: Usually two from teachers or school counselors.
- Statement of Purpose (SOP): An essay explaining your goals, interests in business, and why you wish to study in the USA.
- SAT Scores: Some universities may require SAT (Scholastic Aptitude Test) scores, especially for highly competitive programs.
Postgraduate Programs (MBA, MSc in Management, etc.):
- Education:
- A relevant undergraduate degree (such as BBA, BSc in Business, or any related field) with a minimum GPA of 3.0–3.5 on a 4.0 scale (equivalent to 70%-80%).
- English Language Proficiency:
- IELTS 6.5–7.5 (no band less than 6.0) or equivalent (TOEFL iBT 80–100 / PTE Academic 60–70).
- Additional Requirements:
- Work Experience: Many MBA programs require 2–3 years of work experience, although there are programs for fresh graduates as well.
- Recommendation Letters: Typically two to three letters from professional or academic sources.
- GMAT Scores: The Graduate Management Admission Test (GMAT) is often required, although some programs may waive this requirement based on your work experience or academic background.
- Statement of Purpose (SOP): An essay that outlines your career goals, why you want to pursue an MBA, and why you’ve chosen the specific program.
- Interview: Some competitive programs require an interview as part of the selection process.
Graduate-Level Business Programs (MS in Finance, MS in Marketing, etc.) Specific Requirements:
- Education:
- A relevant undergraduate degree (e.g., BBA, BA in Economics, BSc in Management) with a minimum GPA of 3.0–3.5 on a 4.0 scale.
- Entrance Exams:
- GMAT Scores: Many competitive programs require the GMAT for admission.
- Some programs may accept GRE (Graduate Record Examinations) scores instead of the GMAT, especially for MS in Business-related programs.
- English Language Proficiency:
- IELTS 6.5–7.5 (or equivalent) or TOEFL iBT 80–100 / PTE Academic 60–70.
Estimated Tuition Costs:
- Foundation/Diploma Programs:
- USD 10,000–20,000 per year.
- Undergraduate Programs (BBA, etc.):
- USD 25,000–50,000 per year (depending on the university and program).
- Postgraduate Programs (MBA, MSc in Business, etc.):
- USD 30,000–70,000 per year (depending on the program and university).
Popular Business Schools in the USA:
- Harvard Business School
- University of Pennsylvania (Wharton)
- Stanford Graduate School of Business
- University of Chicago (Booth)
- Columbia Business School
- Massachusetts Institute of Technology (Sloan)
- Northwestern University (Kellogg)
- University of California, Berkeley (Haas)
- Yale School of Management
- University of Michigan, Ross School of Business
Special Opportunities for Bangladeshi Students:
- Scholarships:
- Fulbright Program: Full scholarships for graduate study in the USA, sponsored by the U.S. government.
- University-Specific Scholarships: Many top universities offer merit-based scholarships for international students.
- Private Scholarships: Organizations like The Rotary Foundation and AAUW provide scholarships for international students.
- Internships and Networking Opportunities:
- The USA is home to many of the world’s leading businesses (such as Google, Amazon, Microsoft, Goldman Sachs), providing excellent internship opportunities for business students.
- Universities have strong alumni networks and industry connections, facilitating internships and job placements.
- Post-Graduation Work Opportunities:
- Optional Practical Training (OPT) allows international students to work in the U.S. for up to 12 months after graduation (with a 24-month extension for STEM graduates).
- H-1B Visa: After OPT, students can apply for an H-1B visa to continue working in the U.S.
Career Prospects in Business and Management:
Graduates of business and management programs from U.S. universities have a wide range of career options, including:
- Corporate Management:
- Business executives, managers, and consultants in multinational companies, working in departments such as finance, marketing, HR, and operations.
- Entrepreneurship:
- Starting your own business or working with a startup in areas like product development, marketing, finance, or operations.
- Investment Banking:
- Working in financial analysis, corporate finance, or mergers and acquisitions in major banks or investment firms.
- Marketing and Sales:
- Managing product strategies, branding, and marketing campaigns for global corporations.
- Consulting:
- Strategy consulting, management consulting, or financial consulting for top consulting firms such as McKinsey & Company, Boston Consulting Group, and Deloitte.
- Human Resources:
- Talent management, employee relations, training, and development roles in companies.
- Healthcare Administration:
- Managing operations in hospitals, clinics, pharmaceutical companies, and healthcare-related businesses.
Why Study Business and Management in the USA?
- Top-Ranked Universities: U.S. universities are home to some of the best business schools in the world, offering unparalleled opportunities for networking and career advancement.
- Global Recognition: An MBA or business degree from a U.S. institution is highly valued worldwide, providing graduates with job opportunities globally.
- Diverse Specializations: U.S. institutions offer a variety of business programs, allowing students to specialize in areas like finance, marketing, entrepreneurship, and healthcare management.
- Industry Connections: U.S. universities maintain strong ties with the business world, providing students with numerous internship and job placement opportunities.
