The MBA Price Tag: 21 Of The Top 25 U.S. B-Schools Now Charge $100K A Year Or More

MIT Sloan Exterior (Courtesy: Above Summit/MIT Sloan)

TOTAL COST AT THE LEADING U.S. MBA PROGRAMS, 2021-2025

2025 P&Q Rank	School	2025 Total Cost	2024 Total Cost	2023 Total Cost	2022 Total Cost	2021 Total Cost	2-Year Change – Annual Total Cost	2-Year %	5-Year Change – Annual Total Cost	5-Year %
7	Columbia Business School	$‎ 137,571	$‎ 132,258	$‎ 127,058	$‎ 122,460	$‎ 118,777	$‎ 5,313	4.0%	$‎ 18,794	15.8%
11	New York (Stern)	$‎ 135,840	$‎ 126,874	$‎ 123,253	$‎ 121,525	$‎ 121,541	$‎ 8,966	7.1%	$‎ 14,299	11.8%
2	Stanford GSB	$‎ 135,771	$‎ 130,746	$‎ 126,465	$‎ 124,389	$‎ 119,964	$‎ 5,025	3.8%	$‎ 15,807	13.2%
17	UC-Berkeley (Haas)	$‎ 133,655	$‎ 124,041	$‎ 116,178	$‎ 115,931	$‎ 110,595	$‎ 9,614	7.8%	$‎ 23,060	20.9%
12	Pennsylvania (Wharton)	$‎ 132,404	$‎ 127,716	$‎ 124,476	$‎ 118,568	$‎ 115,464	$‎ 4,688	3.7%	$‎ 16,940	14.7%
14	UCLA (Anderson)	$‎ 131,661	$‎ 128,687	$‎ 121,591	$‎ 117,398	$‎ 113,893	$‎ 2,974	2.3%	$‎ 17,768	15.6%
6	Dartmouth (Tuck)	$‎ 129,936	$‎ 124,514	$‎ 120,004	$‎ 117,575	$‎ 118,815	$‎ 5,422	4.4%	$‎ 11,121	9.4%
3	Chicago (Booth)	$‎ 129,403	$‎ 125,937	$‎ 122,160	$‎ 115,062	$‎ 111,855	$‎ 3,466	2.8%	$‎ 17,548	15.7%
13	MIT (Sloan)	$‎ 129,084	$‎ 126,744	$‎ 109,180	$‎ 119,995	$‎ 117,998	$‎ 2,340	1.8%	$‎ 11,086	9.4%
1	Northwestern (Kellogg)	$‎ 128,852	$‎ 125,191	$‎ 120,432	$‎ 117,259	$‎ 111,658	$‎ 3,661	2.9%	$‎ 17,194	15.4%
4	Harvard Business School	$‎ 126,536	$‎ 118,854	$‎ 115,638	$‎ 112,306	$‎ 112,764	$‎ 7,682	6.5%	$‎ 13,772	12.2%
8	Yale SOM	$‎ 123,936	$‎ 119,110	$‎ 114,816	$‎ 108,780	$‎ 104,752	$‎ 4,826	4.1%	$‎ 19,184	18.3%
5	Virginia (Darden)	$‎ 121,275	$‎ 117,217	$‎ 108,951	$‎ 104,036	$‎ 100,778	$‎ 4,058	3.5%	$‎ 20,497	20.3%
9	Cornell (Johnson)	$‎ 119,994	$‎ 111,436	$‎ 107,211	$‎ 107,622	$‎ 101,685	$‎ 8,558	7.7%	$‎ 18,309	18.0%
19	Washington (Foster)	$‎ 119,148	$‎ 115,662	$‎ 115,692	$‎ 112,254	$‎ 107,202	$‎ 3,486	3.0%	$‎ 11,946	11.1%
15	Carnegie Mellon (Tepper)	$‎ 116,428	$‎ 111,786	$‎ 107,084	$‎ 101,922	$‎ 97,929	$‎ 4,642	4.2%	$‎ 18,499	18.9%
23	Emory (Goizueta)	$‎ 115,723	$‎ 102,931	$‎ 104,775	$‎ 94,934	$‎ 95,475	$‎ 12,792	12.4%	$‎ 20,248	21.2%
10	Duke (Fuqua)	$‎ 114,952	$‎ 110,826	$‎ 106,735	$‎ 100,269	$‎ 97,554	$‎ 4,126	3.7%	$‎ 17,398	17.8%
29	Michigan (Ross)	$‎ 111,725	$‎ 102,984	$‎ 99,780	$‎ 99,949	$‎ 97,566	$‎ 8,741	8.5%	$‎ 14,159	14.5%
25	Georgetown (McDonough)	$‎ 111,487	$‎ 106,781	$‎ 103,513	$‎ 94,934	$‎ 95,475	$‎ 4,706	4.4%	$‎ 16,012	16.8%
30	Vanderbilt (Owen)	$‎ 111,149	$‎ 107,172	$‎ 106,909	$‎ 96,155	$‎ 93,751	$‎ 3,977	3.7%	$‎ 17,398	18.6%
24	Notre Dame (Mendoza)	$‎ 103,925	$‎ 100,366	$‎ 92,000	$‎ 83,160	$‎ 80,390	$‎ 3,559	3.5%	$‎ 23,535	29.3%
18	North Carolina (Kenan-Flagler)	$‎ 102,960	$‎ 102,414	$‎ 99,928	$‎ 96,676	$‎ 94,632	$‎ 546	0.5%	$‎ 8,328	8.8%
26	Rice (Jones)	$‎ 97,123	$‎ 99,529	$‎ 96,260	$‎ 90,537	$‎ 80,090	-$2,406	-2.4%	$‎ 17,033	21.3%
21	Washington (Olin)	$‎ 96,970	$‎ 96,920	$‎ 89,740	$‎ 87,508	$‎ 87,508	$50	0.1%	$‎ 9,462	10.8%
22	Southern California (Marshall)	$‎ 94,601	$‎ 89,769	NA	NA	NA	$‎ 4,832	5.4%	NA	NA
16	Texas-Austin (McCombs)	$‎ 85,889	$‎ 84,605	$‎ 82,738	$‎ 81,128	$‎ 80,324	$‎ 1,284	1.5%	$‎ 5,565	6.9%
34	Indiana (Kelley)	$‎ 83,940	$‎ 83,258	$‎ 81,386	$‎ 80,275	$‎ 78,658	$‎ 682	0.8%	$‎ 5,282	6.7%
19	Georgia Tech (Scheller)	$‎ 67,496	$‎ 65,654	$‎ 61,968	$‎ 61,480	$‎ 62,072	$‎ 1,842	2.8%	$‎ 5,424	8.7%

Source: Business schools

Next page: Estimated two-year cost data for 29 of the leading U.S. MBA programs, including the P&Q top 25.

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