Debt Burden At The Top 50 U.S. B-Schools: How Much Can You Expect To Owe For Your MBA?

AVERAGE INDEBTEDNESS & PERCENTAGE OF CLASS GRADUATING WITH DEBT AT THE TOP U.S. MBA PROGRAMS: U.S. NEWS, CONTD.

2024 P&Q Rank	School	Average Indebtedness – 2023 (US News)	Average Indebtedness – 2022 (US News)	YOY Change	Percent of Class of 2023 Graduating With Debt (US News)	Percent of Class of 2022 Graduating With Debt (US News)	YOY Change
26	Rochester (Simon)	$60,172	$59,453	1.2%	66%	71%	-5
27	Georgia Institute of Technology (Scheller)	NA	NA	NA	NA	NA	NA
28	Washington (Olin)	$48,914	$61,995	-21.1%	52%	39%	+13
29	Georgia (Terry)	$25,209	$21,113	19.4%	17%	28%	-11
30	Notre Dame (Mendoza)	$59,549	$62,018	-4.0%	42%	42%	None
31	Pennsylvania (Wharton)	NA	NA	NA	NA	NA	NA
32	Brigham Young (Marriott)	$39,523	NA	NA	37%	NA	NA
33	Texas-Dallas (Jindal)	$47,647	$36,778	29.6%	37%	35%	+2
34	William & Mary (Mason)	$64,338	$66,233	-2.9%	38%	41%	-3
35	Arizona State (Carey)	$39,640	$20,549	92.9%	33%	17%	+16
36	Boston College (Carroll)	$73,570	$89,666	-18.0%	43%	38%	+5
37	Indiana (Kelley)	$59,220	$53,265	11.2%	43%	39%	+4
38	Michigan State (Broad)	$37,716	$45,532	-17.2%	38%	56%	-18
39	Maryland (Smith)	NA	NA	NA	NA	NA	NA
40	UC-Irvine (Merage)	$97,806	$74,091	31.7%	36%	29%	+7
41	Boston University (Questrom)	NA	NA	NA	NA	NA	NA
42	George Washington	$68,427	$72,638	-5.8%	34%	39%	-5
43	Texas A&M (Mays)	$50,080	$46,926	6.7%	32%	55%	-23
44	Minnesota (Carlson)	$55,106	$45,416	21.3%	42%	41%	+1
45	UC-Davis	$74,143	$75,736	-2.1%	41%	35%	+6
46	Southern Methodist (Cox)	NA	NA	NA	NA	NA	NA
47	Northeastern (D’Amore-McKim)	NA	NA	NA	NA	NA	NA
48	Babson (Olin)	$73,056	NA	NA	21%	NA	NA
49	Rutgers Business School	$51,232	$43,000	19.1%	29%	32%	-3
50	Ohio State (Fisher)	$50,001	$46,495	7.5%	37%	38%	-1
52	Pittsburgh (Katz)	NA	NA	NA	NA	NA	NA
53	Wisconsin	$46,682	$41,846	11.6%	33%	47%	-14
55	Utah (Eccles)	NA	NA	NA	NA	NA	NA
56	Massachusetts-Amherst (Isenberg)	$41,838	$30,403	37.6%	15%	20%	-5
57	Texas Christian (Neeley)	$35,712	NA	NA	41%	NA	NA
59	Penn State (Smeal)	NA	$34,235	NA	NA	41%	NA
60	Fordham (Gabelli)	$29,042	$42,924	-32.3%	44%	37%	+7
60	Baylor (Hankamer)	NA	NA	NA	NA	NA	NA
64	Houston (Bauer)	NA	NA	NA	NA	NA	NA
69	South Carolina (Moore)	$33,206	$50,874	-34.7%	33%	43%	-10
69	Arizona (Eller)	$33,936	$47,406	-28.4%	24%	40%	-16
UR	St. Louis Chaifetz	$44,853	$37,206	20.6%	46%	52%	-6
UR	American Kogod	NA	NA	NA	NA	NA	NA

Next page: Tuition and fees and total MBA pay at the top U.S. B-schools ranked 1-25.

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