Chicago Booth | Ms. RA For MBA
GMAT 710, GPA 3.80
Stanford GSB | Mr. Economics To Business
GRE 331, GPA 3.99
INSEAD | Mr. Tesla Manager
GMAT 720, GPA 3.7
Wharton | Mr. Social Impact CPA
GMAT 740, GPA 3.5
Harvard | Mr. Financial Services
GMAT 750, GPA 3.8
Foster School of Business | Mr. Tesla Gigafactory
GMAT 720, GPA 3.0
Stanford GSB | Mr. African Entrepreneur
GRE 317, GPA 2.6
Stanford GSB | Mr. Tesla Intern
GMAT 720, GPA 3.9
Berkeley Haas | Mr. Looking To Learn
GMAT 760, GPA 3.0
Wharton | Mr. Infrastructure
GMAT 770, GPA 3.05
Chicago Booth | Mr. Asian Veteran
GRE 315, GPA 3.14
Stanford GSB | Ms. Artistic Engineer
GMAT 730, GPA 9.49/10
Cornell Johnson | Mr. Emporio Armani
GMAT 780, GPA 3.03
Harvard | Mr. Future Gates Foundation
GMAT 720, GPA 7.92
Harvard | Mr. Amazon Manager
GMAT 740, GPA 3.2
Harvard | Mr. MBB Consultant
GMAT 730, GPA 3.9
USC Marshall | Mr. Utilitarian Mobility
GMAT 740, GPA 2.67
McCombs School of Business | Ms. Second Chances
GRE 310, GPA 2.5
Duke Fuqua | Ms. Account Executive
GMAT 560, GPA 3.3
MIT Sloan | Mr. Data Mastermind
GMAT N/A; will be taking in May, GPA 3.6
London Business School | Mr. Aussie Analyst
GMAT 680, GPA 3.3
Darden | Mr. Sustainable Real Estate
GRE SAT 1950 (90th Percentile), GPA 3.7
Stanford GSB | Mr. Entrepreneurial Bassist
GMAT 740, GPA 3.61
Cornell Johnson | Mr. IT To IB
GMAT 660, GPA 3.60
Harvard | Ms. Lucky Charm
GMAT 690, GPA 3.2
Tuck | Ms. Green Biz
GRE 326, GPA 3.15
Harvard | Ms. URM
GRE 325, GPA 3.6

How Much Does A Top MBA Now Cost? Nine Schools Are In The $200K Club

NYU Stern was the first school to break the $200K barrier; now nine schools charge that or more for a MBA. NYU Stern photo

HELP ON THE WAY AS COSTS KEEP CLIMBING

A Stanford MBA costs the most overall but the highest tuition belongs to Wharton, at $78,948. Looking only at out-of-state tuition, nine schools have annual tuition over $70,000, including Columbia ($74,400), MIT ($74,200), and Harvard ($73,440). The lowest tuition of the 23 schools was at the University of Washington’s Foster School of Business, which charges $48,333. The average for all schools is $66,514.

Bottom line: A MBA from a top school is not cheap. The average total cost to attend one of the programs in the chart below is $196,067, up from $185,747 last year — and up from about $168,000 three years ago. The elite of the elite have seen their costs jump considerably in the last two years: Stanford from $210,838 to $231,672 (9.9%), Wharton from $200,908 to $223,800 (11.4%), NYU Stern from $206,474 to $226,232 (9.6%), Harvard from $196,800 to $218,248 (10.9%), Columbia from $199,648 to $221,956 (11.2%), and MIT the most of all, from $196,028 to $223,148, or 13.8%.

Fortunately, financial aid is available for many. At Stanford GSB, the average fellowship is about $35,000 per year or $70,000 in total awards; at Harvard, it’s even more: $40,000 per year, or $80,000 total. UCLA Anderson has 625 scholarships, grants, fellowships, and awards; UC-Berkeley annually spreads millions around its relatively small MBA  cohort.

And beyond scholarships, there’s the fact that a MBA continues to be a reliable magnifier of salary potential. According to a 2018 survey by the Graduate Management Admission Council, 2016 and 2017 grads saw their post-MBA salaries rise by a median of $40,000. Among respondents, 82% agreed that B-school increased their earning power. The schools with the best ROI and starting salaries? According to a P&Q analysis earlier this year, it’s all the ones you see in the chart below. HBS grads, for example, now average more than $160,000 right out of the gate.

DON’T MISS NINE SCHOOLS BREAK $200K TOTAL COST BARRIER and THE LEAST (AND MOST) EXPENSIVE TOP ONLINE MBA PROGRAMS