MBA Debt Burden At The Top 50 U.S. Business Schools: Where Grads Owe The Most & Least

AVERAGE DEBT FOR MBA GRADUATES OF THE TOP U.S. BUSINESS SCHOOLS

2023 P&Q Rank	School	Average Student Debt – 2014-2019 (College Scorecard)	Average Indebtedness – 2022 (US News)	Percent of Class of 2022 Graduating With Debt (US News)	Tuition & Fees – 2022	MBA Average Pay – 2022*
1	Pennsylvania (Wharton)	$85,570	NA	NA	$ 87,370	$186,279
2	Chicago (Booth)	$95,657	NA	NA	$ 80,961	$191,177
3	Stanford GSB	$73,602	NA	42%	$ 79,860	$193,388
4	Northwestern (Kellogg)	$38,245	NA	NA	$ 81,015	$185,873
5	Harvard Business School	$25,083	$88,757	52%	$ 74,910	$194,723
6	MIT (Sloan)	$72,519	NA	NA	$ 84,200	$182,529
7	Columbia Business School	$98,036	NA	NA	$ 84,496	$185,125
8	Yale SOM	$82,820	$104,882	44%	$ 82,700	$178,198
9	Dartmouth (Tuck)	$64,459	NA	NA	$ 77,520	$186,690
10	UC-Berkeley (Haas)	NA	$110,102	46%	$ 76,433	$175,221
11	Michigan (Ross)	$72,114	NA	NA	$ 73,196	$181,039
12	Duke (Fuqua)	$94,101	$105,084	56%	$ 75,000	$182,080
13	Cornell (Johnson)	$108,059	NA	NA	$ 79,910	$186,462
14	Virginia (Darden)	$92,331	$114,043	53%	$ 75,600	$186,974
15	New York (Stern)	$108,594	NA	45%	$ 82,326	$191,768
16	UCLA (Anderson)	$98,818	NA	NA	$ 74,618	$168,760
17	Southern California (Marshall)	$95,052	NA	NA	$ 72,501	$173,761
18	Texas-Austin (McCombs)	$80,778	NA	NA	$ 58,270	$168,883
19	North Carolina (Kenan-Flagler)	$63,740	$107,994	65%	$ 71,364	$154,161
20	Washington (Foster)	$59,127	$68,316	36%	$ 57,846	$177,833
21	Emory (Goizueta)	$64,550	$95,094	59%	$ 71,900	$176,949
22	Indiana (Kelley)	$48,496	$53,265	39%	$ 54,602	$159,810
23	Washington (Olin)	$84,449	$61,995	39%	$ 66,200	$135,456
24	Carnegie Mellon (Tepper)	$98,433	$104,233	51%	$ 75,712	$181,569
25	Georgetown (McDonough)	$60,894	NA	NA	$ 64,600	$163,628