 | State University: $20,000-$50,000 |
|
 | Online University: $8,000-$60,000 |
|
 | Private University: $50,000-$120,000 |
|
|
|
|
|
|
|
|
 |
| |
| |
| Typical costs: | - A Master of Business Administration degree typically costs $40,000 -$120,000, including tuition and fees.
- At a state university, an MBA typically costs $20,000 -$50,000 for residents or $30,000 -$57,000 for non-residents. For example, an MBA from the University of Michigan costs $48,000 for residents or $53,000 for non-residents.
- At a private university, an MBA typically costs $50,000 -$120,000 for tuition and fees. For example, an MBA from the University of Chicago takes nine months to complete and costs about $56,000 for tuition and fees.
- An online or distance-learning MBA typically costs $8,000 -$60,000, with higher prices for non-residents studying with a state university. At Florida Atlantic University, state residents pay $13,720 while non-residents pay $40,000 to take the 40-credit-hour online MBA program.
What should be included: | - MBA programs have a wide range of required credits, from 30 to 60 to complete the program. MBA programs typically range from one to three years from start to finish, with a two-year program being the most common. In a shorter program, students must take more classes at a time. Some two-year or longer programs cater to working professionals, offering a few night classes at a time.
- Most MBA programs introduce students to a wide range of business topics and allow a concentration in accounting, finance, health care administration, human resources, information systems, international business, marketing, operations, entrepreneurship, finance, or management.
Additional costs: | - Additional costs for full-time MBA students can include food, housing, books, supplies, transportation, personal expenses, and health insurance. The total of these expenses can add an extra $20,000 -$70,000 to a student's tuition and fees. For example, at the University of Michigan, books, housing, health care and personal costs are estimated at $20,780 total. At Harvard Business School these costs are broken down further and range from $34,600 for students who are single up to $66,000 for married students supporting two children.
- Room and board typically costs $10,000 -$20,000. For example, housing and food costs $10,972 at Brigham Young University in Utah.
- Books and supplies for an MBA typically range from $1,000 to $4,000. MBA program books at the University of Chicago costs $2,100.
- Transportation for a residential MBA program typically costs $600 -$3,000 per year, which can includes bus, train, or personal transportation by vehicle. For example, transportation for the MBA at Babson University in Massachusetts, costs $1,580 -$2,130.
- Personal expenses for an MBA student living on campus, such as health insurance, typically cost $3,000 -$10,000. For example, health insurance for MBA students attending the University of Pennsylvania costs $2,974.
Discounts: | - Some universities offer a limited number of assistantships for master's programs. If granted an assistantship, a student may work part-time researching in the field or teaching courses at the university while earning a stipend which can be used towards tuition and other expenses. For example, at the Saint Joseph's University MBA program in Philadelphia, assistants earn $4,000 per year and receive free tuition for eight courses per year in exchange for working 16 hours each week.
- Scholarships may be available to students who meet program qualifications such as a high GPA or a proven financial need. Scholarships and Grants lists several funding opportunities for MBA students.
Shopping for an mba: | |
|
| |
Article updated August 2011 |
|
E-mail
Post