Wharton | Mr. CTO
GMAT 730, GPA 3.95
Wharton | Ms. Financial Real Estate
GMAT 720, GPA 4.0
MIT Sloan | Mr. Indian Healthcare Analytics
GMAT 720, GPA 7.8
Harvard | Mr. Consumer Goods Senior Manager
GMAT 740, GPA 8.27/10
Stanford GSB | Mr. Filipino Startup
GMAT 710, GPA 3.7
Harvard | Ms. Media Entertainment
GMAT 740, GPA 3.3
Berkeley Haas | Mr. Evolving Teacher
GRE 328, GPA 3.26
Columbia | Mr. Indian I-Banker
GMAT 740, GPA 8.63
Cornell Johnson | Ms. Chef Instructor
GMAT 760, GPA 3.3
UCLA Anderson | Ms. Tech-y Athlete
GRE , GPA 3.63
Harvard | Mr. Deferred Financial Poet
GMAT 710, GPA 3.68
Harvard | Mr. Lieutenant To Consultant
GMAT 760, GPA 3.7
Berkeley Haas | Ms. EV Evangelist
GRE 334, GPA 2.67
Wharton | Ms. Product Manager
GMAT 730, GPA 3.4
Wharton | Mr. Indian Engineer + MBA Now In Consulting
GMAT 760, GPA 8.7 / 10
Chicago Booth | Mr. EduTech
GRE 337, GPA 3.9
Cornell Johnson | Mr. Indonesian Salesperson
GMAT 660, GPA 3.49
Berkeley Haas | Mr. LGBT+CPG
GMAT 720, GPA 3.95
McCombs School of Business | Ms. Tech For Non-Profits
GRE 312, GPA 3.2
Harvard | Mr. Combat Pilot Non-Profit Leader
GRE 329, GPA 3.73
UCLA Anderson | Mr. Actual Poet
GMAT 720, GPA 12.0/14
Harvard | Mr. Healthcare Administration & Policy Latino Advocate
GRE 324, GPA 3.4
Cornell Johnson | Mr. Asian Mexican Finance Hombre
GMAT 650, GPA 2.967
Columbia | Mr. Fintech Data Scientist
GMAT 710, GPA 3.66
Tuck | Mr. Opportunities In MBB
GMAT 710, GPA 3.4
Stanford GSB | Mr. Co-Founder & Analytics Manager
GMAT 750, GPA 7.4 out of 10.0 - 4th in Class
Harvard | Mr. Strategy For Social Good
GRE 325, GPA 3.5

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 

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