What is the total cost of the Chicago Booth MBA program?

Question

Prateeksha Manral · Accepted Answer

The total cost of the Chicago Booth MBA program depends on which format you choose: Full-Time, Part-Time, or Executive MBA. If you're planning to study at Booth, it's important to know the full breakdown of tuition, fees, and living expenses so you can budget properly. Here&rsquo;s a simple breakdown to help you understand what you&rsquo;ll need to spend.
Full-Time MBA Cost (2024-2025)
1. Tuition: $28,066 per quarter. Since the program lasts six quarters, the total tuition comes to $168,396.
2. Additional Fees:
One-time Administrative Services Fee: $3,000Lifetime Transcript Fee: $78
3. Living Costs: You&rsquo;ll need to budget for rent, food, transportation, and personal expenses. The exact amount depends on where you live in Chicago and your lifestyle.
Part-Time MBA Cost (Evening & Weekend)
1. Tuition: $8,420 per 100-unit course. Since the total number of required courses varies, your total tuition will depend on how many courses you take each quarter.2. Additional Fees:One-time Administrative Service Fee: $1,400Student Activity Fee: $500Lifetime Transcript Fee: $783. Other Costs: Books, materials, and transportation (especially if you're commuting from another city).
Executive MBA Program:
Tuition and Fees: The total cost for the 2024 Chicago-based Executive MBA program is $210,500. This includes tuition of $181,083 and program fees of $29,471, which cover books, course materials, hotel accommodations for the Kick-Off Week in Chicago and global residencies, most meals during class days, and other program-related expenses.  
Chicago Booth offers scholarships, fellowships, and student loans to help students manage tuition costs. If you&rsquo;re applying, check for available funding options early.
Make sure to plan your finances well, apply for financial aid if needed, and consider your living expenses in Chicago.

S Raghav · Answer

The total cost of the Chicago Booth MBA program varies depending on the specific program and enrollment status. Here's a breakdown:
Full-Time MBA Program:

Tuition: For the 2024&ndash;2025 academic year, tuition is $84,198 per year. Over the typical two-year program, this totals approximately $168,396.
Fees: Students should also budget for fees such as the Student Services Fee ($1,398 per year), Administrative Service Fee ($2,600 in the first year), and a Lifetime Transcript Fee ($75, one-time
Living Expenses: Estimated at around $26,010 annually, covering housing and food.
Total Estimated Cost: Including tuition, fees, and living expenses, the total cost for the two-year program is approximately $226,000.

Part-Time MBA Program:

Tuition: As of the 2024&ndash;2025 academic year, tuition is $8,420 per 100-unit course. The program requires 2,000 units, totaling about $168,400.
Additional Fees: Includes a one-time Administrative Service Fee of $1,400, a Student Activity Fee of $500, and a Lifetime Transcript Fee of $78.
Total Estimated Cost: Approximately $170,378, excluding personal expenses and books.

Executive MBA Program:
Total Cost: For the 2024 Chicago-based program, the total cost is $210,500, which includes tuition ($181,083) and program fees ($29,471) covering books, course materials, accommodations for global residencies, and most meals. Please note that these figures are subject to change, and it's better to check the official Chicago Booth website or contact their admissions office for the most current information.

Yash Mothia · Answer

The total cost of the Chicago Booth MBA program for the 2024&ndash;2025 academic year, the tuition for full-time MBA students entering in 2025 is $28,066 per quarter. Given that the program typically spans six quarters, this amounts to approximately $168,396 in tuition fees.
In addition to tuition, there are other expenses to consider:

Administrative Services Fee: First-year full-time MBA students are charged a $3,000 fee.
Graduate Student Services Fee: This fee is $484 per quarter.
Health Insurance: The University Student Health Insurance Plan (USHIP) is an additional cost, though the exact amount can vary.

Beyond these, you'll need to budget for living expenses such as housing, food, transportation, and personal costs. Estimates suggest that living expenses can be around $25,000 per year, but this can vary based on your lifestyle and housing choices. 
It's also worth noting that costs can change annually, so it's a good idea to check the latest information on the official University of Chicago Bursar's website.