Foster School of Business | Mr. Tesla Gigafactory
GMAT 720, GPA 3.0
Chicago Booth | Mr. PM to FinTech
GMAT 740, GPA 6/10
Cornell Johnson | Mr. Emporio Armani
GMAT 780, GPA 3.03
MIT Sloan | Mr. Generic Nerd
GMAT 720, GPA 3.72
Columbia | Mr. Alien
GMAT 700, GPA 3.83
Harvard | Ms. Media Entertainment
GMAT 740, GPA 3.3
Berkeley Haas | Ms. Jill Of All Trades
GRE 314, GPA 3.36
Stanford GSB | Mr. Army Man
GRE 330, GPA 3.25
Ross | Mr. NCAA to MBB
GMAT 710, GPA 3.2
Harvard | Mr. Finance in Tech
GMAT 760, GPA 3.9
Stanford GSB | Mr. Global Energy
GMAT 760, GPA 7.9/10
Chicago Booth | Mr. Indian O&G EPC
GMAT 730, GPA 3.75
Tuck | Ms. Green Biz
GRE 326, GPA 3.15
Wharton | Ms. Female Engineer
GRE 323, GPA 3.5
Stanford GSB | Mr. Global Innovator
GMAT 720, GPA 3.99
London Business School | Mr. CFA Charterholder
GMAT 770, GPA 3.94
Tuck | Mr. Federal Civilian
GMAT 780, GPA 3.4
Kellogg | Mr. Texan Adventurer
GMAT 740, GPA 3.5
London Business School | Mr. Impact Financier
GMAT 750, GPA 7.35/10
Kellogg | Mr. Class President
GRE 319.5, GPA 3.76
Berkeley Haas | Mr. Upward Trend
GMAT 730, GPA 2.85
Kellogg | Mr. Defense Contractor
GMAT 730, GPA 3.2
Berkeley Haas | Mr. Work & Family
Berkeley Haas | Mr. Navy Electronics
GRE 316, GPA 3.24
Kenan-Flagler | Ms. Big Pharma
GRE 318, GPA 3.3
Wharton | Mr. Big 4
GMAT 770, GPA 8/10
Berkeley Haas | Mr. 1st Gen Grad
GMAT 740, GPA 3.1

MBA Debt Burden Rises Again: A Record $117,200 Average At Wharton


Where MBA Debt Looms Largest

School2012 Debt   % With Debt   2011 Debt   % Change
UPenn (Wharton)$117,200*68%$114,339+2.5%
New York (Stern)$105,78269%*$89,040+18.8%
Virginia (Darden)$105,49065%*$90,949+16.0%
Duke (Fuqua)$102,05472%$96,805+5.4%
MIT (Sloan)$100,21277%$86,688+15.6%
Michigan (Ross)$95,72066%$93,602+2.3%
Cornell (Johnson)$95,60068%*$90,194+6.0%
Dartmouth (Tuck)$94,51270%*$96,346-1.9%
Northwestern (Kellogg)$88,74068%*$90,200-1.6%
Carnegie (Tepper)$88,15657%$83,388+5.7%
Pepperdine (Graziadio)$85,67256%$66,111+29.6%
Vanderbilt (Owen)$84,34267%$87,587-3.7%
UNC (Kenan-Flagler)$82,78470%$82,747—–
Texas (McCombs)$80,58957%$76,351+5.5%
Indiana (Kelley)$76,68578%$67,562+13.5%
Chicago (Booth)$72,95968%*$70,839+3.0
UCLA (Anderson)$71,99565%$73,417-1.9%
Washington (Olin)$68,73252%$67,361+2.0%
DePaul (Kellstadt)$64,07456%NA—–
UC-Berkeley (Haas)$63,65249%NA—–
Emory (Goizueta)$62,71668%$68,078-7.9%
Minnesota (Carlson)$61,91650%$60,473+2.4%
Boston College (Carroll)$61,40070%*NA—–

Source: Business schools reporting the average indebtedness of the 2012 and 2011 graduating classes to U.S. News & World Report

Notes: An asterisk indicates an estimate by Poets&Quants based on reporting. An earlier version of this story incorrectly noted Stanford’s average debt load because it was incorrectly reported to U.S. News by the school.


MBA Debt: The Burden Grow Heavier & Gets Scarier

An MBA Vows To Graduate Without A Dollar of Debt

The Class The Loans Fell On

About The Author

John A. Byrne is the founder and editor-in-chief of C-Change Media, publishers of Poets&Quants and four other higher education websites. He has authored or co-authored more than ten books, including two New York Times bestsellers. John is the former executive editor of Businessweek, editor-in-chief of Businessweek. com, editor-in-chief of Fast Company, and the creator of the first regularly published rankings of business schools. As the co-founder of CentreCourt MBA Festivals, he hopes to meet you at the next MBA event in-person or online.