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Real Numbers of MBA Admissions: Cost of MBA Programs in the U.S.

mba cost in us

In this edition of Real Numbers of MBA Admissions, see the total cost of a full-time MBA per year at U.S. schools. Tuition comprises most of the cost of each program. Other factors, including room and board, program fees, books and supplies, health insurance, transportation and other expenses, have been added to provide the total cost of an MBA in the U.S. by year.

Most business schools provide a breakdown of the expenses, which are posted under the financial aid or admissions section of their websites. Schools also typically take the total cost of attendance into account when calculating the financial aid package students receive. Many programs also offer fellowships and scholarships to offset the cost of attendance.


U.S. Business School Cost per Year
Arizona State University W.P. Carey School of Business $99,398
Carnegie Mellon University Tepper School of Business $96,789
Columbia Business School $117,633
Cornell University SC Johnson Graduate School of Management $99,760
Dartmouth College Tuck School of Business $112,000
Duke University Fuqua School of Business $97,330
Eli Broad Graduate School of Management at Michigan State University $70,990
Emory University Goizueta School of Business $94,010
Georgetown University McDonough School of Business $95,047
Georgia Tech Scheller College of Business $61,776
Harvard Business School $111,102
The Haslam College of Business at University of Tennessee–Knoxville $70,574
Indiana University Kelley School of Business $76,618
Marriott School of Business at Brigham Young University $51,280
Mays Business School at Texas A&M University–College Station $111,358
MIT Sloan School of Management $120,846
Northwestern University Kellogg School of Management $107,197
NYU Stern School of Business $119,251
Ohio State University Max M. Fisher College of Business $78,321
Owen Graduate School of Business of Vanderbilt University $93,359
Penn State Smeal College of Business (2020 Data) $50,905
Rice University Jones Graduate School of Business $69,158
Stanford Graduate School of Business $118,644
UC Berkeley Haas School of Business $106,348
UCLA Anderson School of Management $104,954
University of Chicago Booth School of Business $110,328
University of Florida Warrington College of Business $61,260
University of Georgia Terry College of Business $49,946
University of Michigan Stephen M. Ross School of Business $96,054
University of Minnesota Curtis L. Carlson School of Management $73,110
University of North Carolina Kenan-Flagler Business School $93,270
University of Rochester Simon Business School $69,896
USC Marshall School of Business $98,106
UT Austin McCombs School of Business $80,690
UVA Darden School of Business $100,372
UW Foster School of Business $107,136
Washington University in St. Louis Olin Business School $80,835
The Wharton School at the University of Pennsylvania $111,695
Yale School of Management $102,240


The Real Numbers of MBA Admissions: Cost of MBA Programs in the U.S. chart is based on data about the 2020-2021 academic year.

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