Columbia | Mr. MD/MBA
GMAT 670, GPA 3.77
Harvard | Mr. Tech Start-Up
GMAT 720, GPA 3.52
Cornell Johnson | Mr. Social To Tech
GMAT 700, GPA 2.7
Harvard | Mr. CPG Product Manager
GMAT 720, GPA 3.5
NYU Stern | Mr. Brolic Bro
GRE 305, GPA 3.63
Tuck | Mr. Running To The Future
GMAT 720, GPA 3.5
London Business School | Ms. Audit Meme
GMAT 710, GPA 3.5
Berkeley Haas | Mr. Hanging By A Thread
GMAT 710, GPA 3.8
Wharton | Mr. Mobility Entrepreneur
GMAT 760, GPA 1st Division
Harvard | Mr. Cricket From Kashmir
GMAT 730, GPA 8.5/10
Georgetown McDonough | Mr. Aspiring Consultant
GMAT 690, GPA 3.68
HEC Paris | Mr. Analytics Consultant
GRE 326, GPA 9.05/10
Harvard | Mr. Healthcare Manager
GMAT 760, GPA 3.7
McCombs School of Business | Mr. Microsoft Consultant
GMAT N/A, GPA 2.31
Tuck | Mr. Land Management
GMAT 760, GPA 3.85
Stanford GSB | Mr. Seller
GMAT 740, GPA 3.3
Wharton | Mr. Researcher
GMAT 700, GPA 3.2
NYU Stern | Mr. Beer Guy
GRE 306, GPA 4.0
Harvard | The Insurer
GMAT 730, GPA 3.4
Wharton | Mr. Data Dude
GMAT 750, GPA 4.0
Tepper | Mr. Automotive Strategy
GMAT 670 - 700 on practice tests, GPA 3.3
Duke Fuqua | Mr. Backyard Homesteader
GRE 327, GPA 3.90
Wharton | Mr. Finance to MBB
GMAT 760, GPA 4.0
London Business School | Ms. Social Impact Consulting
GRE 330, GPA 3.28
Tepper | Mr. Insurance Dude
GMAT 660, GPA 3.6
Kellogg | Ms. Indian Marketer
GMAT 680, GPA 8.9/10
NYU Stern | Mr. Middle Eastern Warrior
GMAT 720 (Estimated), GPA 3.0

How Much Will You Have To Borrow?

Highest MBA Debt Burdens At Ranked Business Schools


School2013 Debt% In Debt2012 Debt2011 Debt’13–12 Change
UPenn (Wharton)$118,100*68%$117,200*$114,339*+0.8%*
Columbia Business School$115,200*70%$114,800*$100,000+0.3%*
Duke (Fuqua)$108,18666%$102,054$96,805+6.0%
Virginia (Darden)$102,96862%$105,490$90,949-2.4%
MIT (Sloan)$100,51272%$100,212$86,688+0.3%
Dartmouth (Tuck)$96,17070%*$94,512$96,346+1.8%
Michigan (Ross)$97,91560%$95,720$93,602+2.3%
Cornell (Johnson)$97,50068%*$95,600$90,194+2.02%
New York (Stern)$93,83269%*$105,782$89,040-11.3%
Northwestern (Kellogg)$91,83466%$88,740$90,200+3.5%
Pepperdine (Graziadio)$89,24543%$85,672$66,111+4.2%
UNC (Kenan-Flagler)$84,69661%$82,784$82,747+2.3%
Carnegie Mellon (Tepper)$83,92868%$88,156$83,388-4.8%
Stanford GSB$79,86970%*$79,049$77,559+1.0%
UCLA (Anderson)$77,32654%$71,995$73,417+7.4%
Indiana (Kelley)$77,03864%$76,685$67,562+0.5%
Chicago (Booth)$76,700*68%*$72,959$70,839+5.1%*
Vanderbilt (Owen)$76,20567%*$84,342$87,587-9.6%
Harvard Business School$73,92661%$70,731$77,880+4.5%
UC-Irvine (Merage)$71,84346%NANA———-
Texas-Austin (McCombs)$70,39567%$80,589$76,351-12.6%
Minnesota (Carlson)$69,37262%$61,916$60,473+12.0%
Washington Univ. (Olin)$68,04757%$68,732$67,361-1.0%
Fordham University$66,66448%$69,637NA-9.6%
Rice University (Jones)$66,26549%NANA———-
Babson College (Olin)$65,70036%NANA———-
UC-Berkeley (Haas)$64,59853%$63,652NA+1.5%
Boston College (Carroll)$64,34267%*$61,400NA-4.8%
Emory (Goizueta)$63,97967%$62,716$68,078+2.0%
Notre Dame (Mendoza)$61,54766%NANA———-

Source: Business schools reporting the average indebtedness of recent graduating classes to U.S. News & World Report or to Poets&Quants

Notes: An asterisk indicates an estimate by Poets&Quants.


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.