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MBA Program Cost 2020-2021

MBA cost

MBA Cost, Expenses and Total Cost

School/ProgramTuition Cost/FeesAdditional ExpensesTotal Cost of Attendance (1 Year)
Anderson School of Business Full-Time MBA
$65,124 $39,830
$104,954
Haas School of Business Full-Time MBA
$64,246
$37,904 $102,150
Booth School of Business Full-Time MBA $73,440
$36,888 $110,328
Columbia Business School Full-Time MBA $77,376
$40,257 $117,633
Darden School of Business Full-Time MBA $69,600 $27,722 $97,322
Fuqua School of Business Full-Time MBA
$70,000
$27,330 $97,330
Goizueta School of Business Full-Time MBA $69,399

$24,734$94,133
Harvard Business School Full-Time MBA
$73,440
$45,378 $118,818
Johnson School of Management Full-Time MBA $71,940
$27,820 $99,760
Jones School of Business Full-Time MBA $60,940
$32,505 $93,445
Kelley School of Business Full-Time MBA $27,864
$25,164 $53,028
Kellogg School of Management Full-Time MBA
$74,871
$32,326 $107,197
Kenan-Flagler School of Business Full-Time MBA $51,146
$26,100 $77,246
Marshall School of Business Full-Time MBA $64,575
$31,121 $95,696
McCombs School of Business Full-Time MBA $51,020 $22,578 $73,598
McDonough School of Business Full-Time MBA$60,89431,168$92,062

Ross School of Business Full-Time MBA (In-State)
$66,048
$25,220 $91,268

Sloan School of Business Full-Time MBA
$77,168
$43,678$120,846

Stanford Graduate School of Business Full-Time MBA
$74,706
$43,938 $118,644
Stern School of Business Full-Time MBA $76,780
$42,471 $119,251
Tepper School of Business Full-Time MBA
$35,000
$14,905 $49,905

Tuck School of Business Full-Time MBA
$77,520 $34,480 $112,000

Owen School of Management Full-Time MBA
$60,750 $25,290
$86,040
Wharton School of Business Full-Time MBA $80,432
$31,263 $111,695
Yale School of Management Full-Time MBA $72,350
$29,890 $102,240

MBA Program Cost Explained

It is no secret that the cost of an MBA continues to rise every year for the world’s top programs. Even with some schools instituting a ‘tuition freeze’, the cost of attendance for first-year students can exceed over $100,000. In addition to tuition, the total cost of attendance typically includes tuition, fees, health insurance plan, room and board, and living expenses. If cost is a crucial factor in your decision, one bright spot is that classes are online due to COVID-19. This can impact your total cost of attendance by eliminating your room and board and living expenses if you planned to live on or near campus. Lastly, the costs in the chart above are for first-year MBA students. It is important to note, these programs are typically two-years. Therefore, your second-year costs will typically be the same on average, while some schools may increase or decrease costs slightly.

Analysis of 2020-21 Tuition Cost

The average first-year, full time MBA tuition cost for the 25 full time MBA programs was over $66,000 per year, with a range from just $27,864 per year at the Kelley School of Business to $80,432 per year at the Wharton School of Business. In addition, top-ranked MBA programs at private universities located in coastal cities tend to charge higher tuition while MBA programs located at state universities outside of large coastal cities tend to charge lower tuition.

Analysis of Additional Fees

The average additional 2020-21 MBA Fees is over $32,000.  However, there is a wide range of fees based on each school. For example, the Tepper School of Business, which is located in Pittsburgh charges $14,905 in additional fees. However, the prestigious Harvard Business School charges $45,378 in fees for first-year MBA students. On average, the bulk of a student’s fees include your room and board, and your living expenses. Another important note is that MBA programs located in larger coastal cities with a higher cost of living tend to charge higher additional fees than schools located in smaller metropolitan areas with a lower cost of living.

Analysis of Total 2020 – 21 MBA Tuition Cost and Fees

The average total 2020-2021 total cost of attendance for our first-year students at our list of MBA programs was over $98,000..  However, the total cost of attendance had a varied range. The lowest total cost of attendance is the Tepper School of Business at $49,905 and the Kelley School of Business at $53,026. Whereas the highest total cost of attendance is the Stern School of Business at $119,251 and the Sloan School of Business at $120,846.


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About the Author

Ryan Nemetz
Ryan Nemetz

Ryan is the Director of Client Services at MetroMBA and Clear Admit. He has over six years of experience in higher education including his current role and serving as a college basketball coach at Eastern University for four years.

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