Third Of A Million: True Cost of A Top MBA by: John A. Byrne on November 17, 2011 | | 14,774 Views November 17, 2011 Copy Link Share on Facebook Share on Twitter Email Share on LinkedIn Share on WhatsApp Share on Reddit School 2011 Average Forgone Pay 2011 Recommended Budget Total Cost Of Getting An MBA Harvard Business School $90,400* $168,000 $348,800 Stanford GSB $88,750* $174,162 $351,662 Pennsylvania (Wharton) $74,000* $178,400 $326,400 Dartmouth (Tuck) $74,000* $168,100 $316,200 MIT (Sloan) $74,000* $165,264 $313,264 Northwestern (Kellogg) $73,960 $162,458 $310,378 Columbia Business School $73,425* $175,740 $322,590 Chicago (Booth) $72,320* $170,976 $315,608 USC (Marshall) $67,000 $159,600 $293,600 UC-Berkeley (Haas) $66,345 $156,244 $288,934 NYU (Stern) $65,972 $165,340 $297,284 Texas-Austin (McCombs) $65,033 $134,280 $264,346 Virginia (Darden) $64,325* $151,000 $279,650 Duke (Fuqua) $64.087 $143,718 $271,892 UNC (Kenan-Flagler) $63,850* $145,656 $273,356 Cornell (Johnson) $63,640* $147,320 $274,600 Yale School of Management $63,126 $157,790 $277,790 Michigan (Ross) $62,000 $147,448 $271,448 UCLA (Anderson) $59,144 $153,174 $271,462 Carnegie Mellon (Tepper) $58,200 $154,000 $270,400 Wisconsin-Madison $54,653 $86,074 $195,380 Georgetown (McDonough) $52,618 $148,880 $254,116 Vanderbilt (Owen) $48,338 $175,608 $272,284 Indiana (Kelley) $46,189 $126,080 $218,458 Source: Business schools reporting to Bloomberg BusinessWeek. An asterisk indicates an estimate based on previously reported data. Notes: To calculate the total cost of getting an MBA, P&Q multiplied the annual forgone pay by two to account for the opportunity cost of being out of work for two years. We then added that total to the school’s recommended two-year budget which includes tuition, required fees, as well as room and board. In all cases, these are conservative estimates. They assume no increase in the recommended budget for the second year of business school, and most observers believe these recommended numbers are 10% to 20% below what a typical MBA will spend in a two-year program. We used recommended budgets for non-residents at public universities where tuition may be slightly lower for residents. DON’T MISS: STANFORD MBAS SNAG HIGHEST 2011 SALARIES or MBA JOBS BACK FOR CLASS OF 2011 Previous PagePage 2 of 2 1 2 Questions about this article? Email us or leave a comment below. Please enable JavaScript to view the comments powered by Disqus.