MBA Tuition Fees (2022/2023): 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. The total is an estimate and is calculated by adding first-year tuition of 2022/2023 and first-year tuition of 2021/2022

Business SchoolTotal Tuition Fees (Class of 2023)First-Year Tuition (2022/2023)First-Year Tuition (2021/2022)
Wharton School$168,104$84,874 +1.98%$83,230
NYU (Stern)$161,026$82,326 +4.61%$78,700
MIT Sloan$159,354$80,400 +1.83%$78,954
Darmouth (Tuck)$155,040$77,520 +0.00%$77,520
Northwestern (Kellogg)$154,644$78,276 +2.50%$76,368
Yale SOM$153,500$79,000 +6.04%$74,500
Chicago Booth$152,760$77,841 +3.90%$74,919
Stanford GSB$151,656$76,950 +3.00%$74,706
Cornell (Johnson)$150,716$76,690 +3.60%$74,026
UC Berkeley (Haas) - (Out-Of-State/International)$148,250$76,433 +6.43%$71,817
Virginia-Darden - (International)$148,200$75,400 +3.57%$72,800
Virginia-Darden - (Out-Of-State)$147,800$75,200 +3.58%$72,600
Harvard Business School(1)$146,880$73,440 +0.00%$73,440
Carnegie Mellon (Tepper)(1)$145,600$72,800 +4.00%$70,000
Michigan (Ross) - (Out-Of-State/International)$145,310$73,196 +1.50%$72,114
Virginia-Darden - (In-State)$144,800$75,200 +8.05%$69,600
Carnegie Mellon (Tepper)$142,800$72,800 +4.00%$70,000
Duke (Fuqua)$141,750$71,750 +2.50%$70,000
Emory (Goizueta)$138,640$70,200 +2.57%$68,440
Michigan (Ross) - (In-State)$135,310$68,196 +1.61%$67,114
UNC Kenan-Flager - (Out-Of-State/International)$134,952$68,112 +1.90%$66,840
UC Berkeley (Haas) - (In-State)$132,784$67,424 +3.16%$65,360
UCLA (Anderson)$126,493$64,789 +5.00%$61,704
University of Texas at Austin (McCombs) - (Out-Of-State/International)$117,440$58,720 +0.00%$58,720
University of Texas at Austin (McCombs) - (In-State)$105,100$52,550 +0.00%$52,550
UNC Kenan-Flager - (In-State)$102,302$51,150 +0.00%$51,152
(1) Tuition rate is fixed for the length of the 2-year MBA program
Tuition amount is the figure advertised by the schools and may include mandatory fees and other costs.
Cost converted in USD