MBA Tuition Fees (2020/2021): Calculating the Cost of your Studies

Cost of an MBA

Over the past few decades, the average cost of attending a top U.S. MBA has increased faster than the rate of inflation.

The table below shows tuition fees of two-year, full-time MBA programs in United States.







Business SchoolTotal Tuition Fees (Class of 2021)First-Year Tuition (2020/2021)First-Year Tuition (2019/2020)
Wharton School$161,810$80,432 -1.16%$81,378
MIT Sloan$154,336$77,168 0.00%$77,168
Darmouth (Tuck)$152,628$77,520 +3.21%$75,108
NYU (Stern)$150,964$76,780 +3.50%$74,184
Northwestern (Kellogg)$148,275$74,871 +2.00%$73,404
Stanford GSB$147,768$74,706 +2.25%$73,062
Chicago Booth(1)$146,880$73,440 +2.00%$72,000
Harvard Business School(1)$146,880$73,440 0.00%$73,440
Chicago Booth$145,440$73,440 +2.00%$72,000
Yale SOM$144,700$72,350 0.00%$72,350
Virginia-Darden - (International)$143,500$72,800 +2.97%$70,700
Virginia-Darden - (Out-Of-State)$143,100$72,600 +2.98%$70,500
Michigan (Ross) - (Out-Of-State)$142,096$71,048 0.00%$71,048
Cornell (Johnson)$141,380$71,940 +3.60%$69,440
Duke (Fuqua)$140,000$70,000 0.00%$70,000
Carnegie Mellon (Tepper)(1)$140,000$70,000 +2.94%$68,000
Virginia-Darden - (In-State)$137,100$69,600 +3.11%$67,500
UC Berkeley (Haas) - (Out-Of-State)$133,096$68,444 +5.87%$64,652
UNC Kenan-Flager - (Out-Of-State)$132,594$66,270 -0.08%$66,324
Emory (Goizueta)$132,500$67,100 +2.60%$65,400
Michigan (Ross) - (In-State)$132,096$66,048 0.00%$66,048
UCLA (Anderson)$130,238$65,124 +0.02%$65,114
USC (Marshall)$127,100
UC Berkeley (Haas) - (In-State)$126,692$64,246 +2.88%$62,446
Washington University in St. Louis (Olin)$126,300$64,250 +3.55%$62,050
Georgetown University (McDonough)$120,594$60,894 +2.00%$59,700
University of Texas at Austin (McCombs) - (International)$111,496$56,572 +3.00%$54,924
University of Texas at Austin (McCombs) - (Out-Of-State)$111,496$56,572 +3.00%$54,924
Rensselaer Polytechnic Institute (Lally)$109,600$55,600 +2.96%$54,000
IUPUI/IU (Kelley) - (Out-of-State)$102,907$51,454 0.00%$51,453
UNC Kenan-Flager - (In-State)$102,348$51,146 -0.11%$51,202
University of Texas at Austin (McCombs) - (In-State)$100,554$51,020 +3.00%$49,534
Syracuse University (Whitman)$90,882
IUPUI/IU (Kelley) - (In-State)$55,727$27,864 0.00%$27,863
(1) Tuition rate is fixed for the length of the 2-year MBA program
Cost converted in USD