Are MBA Application Fees A Ripoff?

FEES & TOTAL REVENUE AT THE TOP 25 U.S. MBA PROGRAMS

School                              Rank    App Fee Revenue    Apps      Fee
Harvard 1 $2,328,750 9,315 $250
Stanford GSB 2 $1,908,000 7,200 $275
UPenn (Wharton) 4 $1,599,540 6,036 $265
Columbia 7 $1,447,000 5,788 $250
Northwestern (Kellogg) 5 $1,381,750 5,527 $250
MIT (Sloan) 6 $1,033,250, 4,133* $250
Chicago (Booth) 3 $886,800 4,434 $250
New York (Stern) 14 $879,075 3,907* $225
Duke (Fuqua) 10 $711,225 3,161* $225
UC-Berkeley (Haas) 9 $670,400 3,352* $200
UCLA (Anderson) 17 $667,000 3,335* $200
Virginia (Darden) 12 $588,455 2,737 $215
Yale SOM 15 $574,650 2,554* $225
Dartmouth (Tuck) 8 $563.625 2,502* $225
Michigan (Ross) 13 $526,200 2,631 $200
Cornell (Johnson) 11 $471,600 2,358 $200
Texas (McCombs) 18 $332,500 1,046* $175
USC (Marshall) 25 $269,100 1,794* $150
Georgetown 22 $249,025 1,423* $175
UNC (Kenan-Flagler) 19 $220,500 1,575* $140
Carnegie (Tepper) 16 $196,875 1,575* $125
Emory (Goizueta) 20 $156,900 1,046* $150
Notre Dame (Mendoza) 24 $146,125 835* $175
Indiana (Kelley) 21 $77,850 1,038 $75
Vanderbilt (Owen) 23 0 918* 0

Source: Business school application numbers and fees

Notes: * Calculation made off previous year’s application volume, Rank is from P&Q’s 2012 ranking, schools in order of the total revenue collected from MBA application fees

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