This Is What It Costs To Get An MBA From A Top Business School

Cost keeps rising at U.S. MBA programs: 19 of the top 27 B-schools now charge $200K or more for a two-year residential degree

TOTAL COST OF AN MBA AT THE LEADING U.S. PROGRAMS

2023 P&Q Rank	School	Estimated Total 2-Year Cost*	2023 Total Cost	2022 Total Cost	2021 Total Cost	2020 Total Cost	2019 Total Cost	2-Year Change	2-Year %	5-Year Change	5-Year %
1	Pennsylvania (Wharton)	$‎ 243,044	$‎ 124,476	$‎ 118,568	$‎ 115,464	$‎ 111,695	$‎ 114,896	$‎ 5,908	5.0%	$‎ 9,580	8.3%
2	Chicago (Booth)	$‎ 237,222	$‎ 122,160	$‎ 115,062	$‎ 111,855	$‎ 110,328	$‎ 108,822	$‎ 7,098	6.2%	$‎ 13,338	12.3%
3	Stanford GSB	$‎ 250,854	$‎ 126,465	$‎ 124,389	$‎ 119,964	$‎ 118,644	$‎ 115,917	$‎ 2,076	1.7%	$‎ 10,548	9.1%
4	Northwestern (Kellogg)	$‎ 237,691	$‎ 120,432	$‎ 117,259	$‎ 111,658	$‎ 107,197	$‎ 105,610	$‎ 3,173	2.7%	$‎ 14,822	14.0%
5	Harvard Business School	$‎ 227,944	$‎ 115,638	$‎ 112,306	$‎ 112,764	$‎ 111,542	$‎ 111,818	$‎ 3,332	3.0%	$‎ 3,820	3.4%
6	MIT (Sloan)	$‎ 229,175	$‎ 109,180	$‎ 119,995	$‎ 117,998	$‎ 120,846	$‎ 118,818	$‎ (10,815)	-9.0%	$‎ (9,638)	-8.1%
7	Columbia Business School	$‎ 249,518	$‎ 127,058	$‎ 122,460	$‎ 118,777	$‎ 117,633	$‎ 114,309	$‎ 4,598	3.8%	$‎ 12,749	11.2%
8	Yale SOM	$‎ 223,596	$‎ 114,816	$‎ 108,780	$‎ 104,752	$‎ 102,240	$‎ 100,274	$‎ 6,036	5.6%	$‎ 14,542	14.5%
9	Dartmouth (Tuck)	$‎ 237,579	$‎ 120,004	$‎ 117,575	$‎ 118,815	$‎ 112,000	$‎ 115,040	$‎ 2,429	2.1%	$‎ 4,964	4.3%
10	UC-Berkeley (Haas)	$‎ 232,109	$‎ 116,178	$‎ 115,931	$‎ 110,595	$‎ 106,348	$‎ 101,534	$‎ 247	0.2%	$‎ 14,644	14.4%
11	Michigan (Ross)	$‎ 199,729	$‎ 99,780	$‎ 99,949	$‎ 97,566	$‎ 95,840	$‎ 96,860	$‎ (169)	-0.8%	$‎ 2,920	3.0%
12	Duke (Fuqua)	$‎ 207,004	$‎ 106,735	$‎ 100,269	$‎ 97,554	$‎ 97,330	$‎ 96,850	$‎ 6,466	6.5%	$‎ 9,885	10.2%
13	Cornell (Johnson)	$‎ 214,833	$‎ 107,211	$‎ 107,622	$‎ 101,685	$‎ 99,760	$‎ 96,840	$‎ (411)	-0.4%	$‎ 10,371	10.7%
14	Virginia (Darden)	$‎ 212,987	$‎ 108,951	$‎ 104,036	$‎ 100,778	$‎ 100,322	$‎ 97,508	$‎ 4,915	4.7%	$‎ 11,443	11.7%
15	New York (Stern)	$‎ 244,778	$‎ 123,253	$‎ 121,525	$‎ 121,541	$‎ 119,251	$‎ 116,511	$‎ 1,728	1.4%	$‎ 6,742	5.8%
16	UCLA (Anderson)	$‎ 238,989	$‎ 121,591	$‎ 117,398	$‎ 113,893	$‎ 104,954	$‎ 110,056	$‎ 4,193	3.6%	$‎ 11,535	10.5%
17	Southern California (Marshall)	$‎ 210,503	$‎ 107,539	$‎ 102,964	$‎ 92,960	N/A	N/A	$‎ 4,575	4.4%	N/A	N/A
18	Texas-Austin (McCombs)	$‎ 163,866	$‎ 82,738	$‎ 81,128	$‎ 80,324	$‎ 77,190	$‎ 77,644	$‎ 1,610	2.0%	$‎ 5,094	6.6%
19	North Carolina (Kenan-Flagler)	$‎ 196,604	$‎ 99,928	$‎ 96,676	$‎ 94,632	$‎ 92,370	$‎ 91,946	$‎ 3,252	3.4%	$‎ 7,982	8.7%
20	Washington (Foster)	$‎ 227,946	$‎ 115,692	$‎ 112,254	$‎ 107,202	$‎ 107,136	$‎ 103,062	$‎ 3,438	3.1%	$‎ 12,630	12.3%
21	Emory (Goizueta)	$‎ 199,709	$‎ 104,775	$‎ 94,934	$‎ 95,475	$‎ 94,133	$‎ 92,276	$‎ 9,841	10.4%	$‎ 12,499	13.5%
22	Indiana (Kelley)	$‎ 161,661	$‎ 81,386	$‎ 80,275	$‎ 78,658	$‎ 76,618	$‎ 76,090	$‎ 1,111	1.4%	$‎ 5,296	7.0%
23	Washington (Olin)	$‎ 177,054	$‎ 89,546	$‎ 87,508	$‎ 87,508	$‎ 87,508	$‎ 87,508	$‎ 2,038	2.3%	$‎ 2,038	2.3%
24	Carnegie Mellon (Tepper)	$‎ 209,006	$‎ 107,084	$‎ 101,922	$‎ 97,929	$‎ 96,789	$‎ 93,669	$‎ 5,162	5.1%	$‎ 13,415	14.3%
25	Georgetown (McDonough)	$‎ 198,447	$‎ 103,513	$‎ 94,934	$‎ 95,475	$‎ 94,133	$‎ 92,276	$‎ 8,579	9.0%	$‎ 11,237	12.2%
27	Vanderbilt (Owen)	$‎ 203,064	$‎ 106,909	$‎ 96,155	$‎ 93,751	$‎ 90,623	$‎ 88,091	$‎ 10,754	11.2%	$‎ 18,818	21.4%
29	Rice (Jones)	$‎ 186,797	$‎ 96,260	$‎ 90,537	$‎ 80,090	$‎ 90,250	$‎ 94,086	$‎ 5,723	6.3%	$‎ 2,174	2.3%

*Calculated by adding MBA1 + MBA2 (2023+2022)

DON’T MISS MBA SALARIES & BONUSES AT THE TOP 30 U.S. B-SCHOOLS and LAST YEAR’S P&Q ANALYSIS OF THE TOTAL COST AT THE LEADING MBA PROGRAMS

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