What is the average cost of completing a one-year MBA at leading colleges in the USA?

Question

Yash Mothia · Accepted Answer

Tuition fees to complete a one-year MBA in leading colleges in the USA can differ very significantly from one college to another. Generally, though, tuition fees range from about $60,000 to $150,000 for students. What is most important, though, is that other expenses such as living expenses, textbooks, and materials contribute and add up to much more than the tuition fee.
For instance, the Kellogg School of Management at Northwestern University offers a one-year MBA program, and tuition for which costs in the neighborhood of $105,000. Not included in that tuition price is an estimate of living expenses that would tack on another $20,000 to $30,000 for the year.
Cornell University&rsquo;s Johnson Graduate School of Management charges approximately $79,000 for its one-year MBA program. Living expenses can also run high, making the total cost hover around $100,000.
At the University of Notre Dame&rsquo;s Mendoza College of Business, the tuition for the one-year MBA program is about $60,000. With additional living costs factored in, the total cost may reach around $80,000.
The Goizueta Business School at Emory University has a tuition fee of roughly $82,000 for its one-year MBA program. Students can expect additional costs of around $20,000, bringing the total closer to $100,000.
Lastly, Michigan&rsquo;s Ross School of Business charges about $69,000 for its one-year MBA, with total expenses reaching around $90,000 when living costs are included.
Overall, while the tuition varies, prospective students should budget between $80,000 and $150,000 when considering a one-year MBA at top US business schools, accounting for all expenses to get a clear picture of the financial investment required.
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