How much does an master of business administration cost? In our BusinessBecause Cost of MBA Report 2021, we break down the total expense of the world’s top programs covering MBA tuition fees, living costs, healthcare, and more.
How much does the Harvard cost? What about the cost at INSEAD, Wharton, Stanford and other top business schools? Understanding the total price of an MBA means looking beyond tuition fees alone.
In our BusinessBecause Cost of MBA Report 2021, we break down the total cost of programs at the world’s top business schools, covering master of business administration tuition fees as well as living costs, healthcare, extra fees, and the cost of books and materials.
From our report you’ll find out how much an master of business administration at a top school like Harvard, Stanford, or INSEAD will cost you; explore ways to finance your MBA and save money; and discover the hidden costs of the MBA.
Key Findings
- The average total expenses of studying one of the world’s top MBA programs starting in 2021 is $176,000.
- The cost of an MBA increased by 4.7% in the past year despite COVID—an additional $8,000 to budget for.
- MIT Sloan remains the world’s most expensive MBA, with a total cost of $241,984, up by 1.8% compared with 2020.
There are so many reasons to pursue an MBA, and with business schools offering generous scholarships and funding options, the fact that the MBA comes at a cost shouldn’t put you off.
Juno uses group buying power to negotiate the best student loan rates possible for US MBA students and has helped American MBA students get more than $300 million in education loans and make savings of up to $15,000 on loan repayments.
Total expenses of top MBA programs
MIT MBA Cost: $241,984
Stanford: $239,928
Wharton: $230,864
Harvard: $223,084
Columbia: $221,362
INSEAD: $132,000 – $137,000 (FR-SG)
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