What is the cost of an MBA program?

People choose to pursue their MBA because it’s a personal and financial investment in their future.

As investments go, an MBA requires energy and dollars in exchange for long-term benefits.

Costs for an MBA include tuition, books and fees. Costs for full-time programs also include the opportunity cost of lost income for the period of schooling, but this doesn't change the fact that the ROI on your MBA is highest early in your career and you will start at a higher salary with an MBA.

The MBA is not a guarantee and opportunities will vary with things you can control (effort, determination) and things you can’t (economy, job markets). Nonetheless, two recent surveys by the Graduate Management Admission Council (GMAC) show alumni and employers continue to positively rate the value of the MBA. Furthermore, recent graduates rate the value of their MBA positively when comparing the monetary cost of obtaining the degree with the career opportunities resulting from the degree.

How to pay for an MBA

Educational loans are the most common source of financial assistance for MBA students throughout the world. Most U.S. citizens and permanent residents can fully fund their MBA (including educational, living and personal expenses) through government loans. International students may be eligible for private credit-based educational loans.

Scholarships, graduate assistantships and campus work programs may also be offered through your MBA program. Prospective MBA students are also encouraged to utilize free Internet databases of private scholarships.