Kellogg | Mr. Sales Engineer
GMAT 740, GPA 3.00
Stanford GSB | Mr. LGBTQ
GMAT 740, GPA 3.58
Duke Fuqua | Mr. 2020
GMAT 630, GPA 3.92
MIT Sloan | Mr. Generic Nerd
GMAT 720, GPA 3.72
Cambridge Judge | Mr. Versatility
GMAT 680, GPA 3.6
Stanford GSB | Mr. Seller
GMAT 740, GPA 3.3
Harvard | Mr. Hustler
GMAT 760, GPA 4
Chicago Booth | Mr. M7 Aspirant
GMAT 760, GPA 3.79 / 4.00
MIT Sloan | Ms. MD MBA
GRE 307, GPA 3.3
Harvard | Mr. Low GPA Product Manager
GMAT 780, GPA 3.1
HEC Paris | Mr. Indian Journalist
GMAT 690, GPA 2.8
Tepper | Mr. Family Biz
GRE 329, GPA 3.46
Stanford GSB | Just Jim
GRE 335, GPA 3.99
Stanford GSB | Ms. Aspiring Entrepreneur
GMAT 750, GPA 3.8 (Highest Honor)
Harvard | Mr. Amazon Manager
GMAT 740, GPA 3.2
Stanford GSB | Ms. Economics
GRE 330, GPA 9.68/10 ~ 3.9
MIT Sloan | Mr. AI & Robotics
GMAT 750, GPA 3.7
Stanford GSB | Ms. Test Engineer
GMAT 750, GPA 3.74
Kellogg | Mr. Andrew
GMAT 720, GPA 3.6
Chicago Booth | Mr. Masters To MBA
GMAT 730, GPA 3.9
NYU Stern | Mr. Bioinformatics
GMAT 710, GPA 3.7
Columbia | Mr. CPA
GMAT 720, GPA 3.5
Stanford GSB | Mr. Marine Corps
GMAT 600, GPA 3.9
Stanford GSB | Mr. Fundraising Educator
GMAT 510, GPA 2.89
Berkeley Haas | Mr. Work & Family
GMAT No GMAT Yet, GPA 4
Cornell Johnson | Mr. Fintech Startup
GMAT 570, GPA 3.4
Kellogg | Ms. Ukrainian Techie
GMAT 700 (ready to take it again), 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