I took my GMAT recently and got a really low score of 440. I am planning to retake the exam in September. I have been working as an Associate Consultant with an IT firm for the past year and a half. What are the chances of me getting a decent university in the US for Spring 2015. If possible could anyone give me a list of universities that I can apply to.

A couple of things:

Most US bschools start in the fall rather than the spring. The few that do offer spring intakes: Columbia, Cornell, Thunderbird, for instance, are unequivocally out of reach for you.

Perhaps a larger issue is your lower work experience, since most bschools require at least 2 years of work experience, and many of these admit students with 4 or more years of experience, on average. Those with less work experience can often help to offset this handicap with a stronger GMAT score.

With these two things in mind, I suggest taking some time to improve your GMAT score and get at least another year of work experience under your belt. Otherwise you might consider a master in management program, instead.