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May 4th, 2016, 12:08 PM
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Join Date: Mar 2012
Re: MBA Average Fees

US MBA programs are world renowned for giving students a competitive edge in the business world through excellent education. There are over a thousand MBA programs in the U.S.
U.S. boasts of top Business schools like Harvard, Stanford and Wharton which are respected worldwide.

MBA Tuition Fee & Cost in US

US business schools fall under two major categories:

Public (state supported), and
Private (independent) institutions

University Type Tuition Fees (annual in U.S. Dollars)
Private School (High Cost) $ 35,000
Private School (Low Cost) $ 15,000
State School (High Cost) $ 20,000
State School (Low Cost) $ 10,000

The tuition fee is different for different universities and varies widely with courses.

It can vary from as low as $ 8000 a year for state universities to as much as $ 35000 per annum for some private universities.

Living Expenses

The approximate annual living expense during the MBA program is about $14,400, which includes accommodation as well as other daily expenses.

However, the expenses are different for different people depending on the lifestyles and this is just a reference.

Rent $ 500 per month
(you can live alone with that amount in a place like Auburn or share an apartment with 6 people in NY)
Groceries $ 150 per month
Utilities $ 150 per month
Phone $ 150 per month (if careful with international calls)
Sundry $ 250 per month

So, about $1200 per month is a good estimation.

Mostly people can survive between $700-$1000 a month.


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