US MBA programs are world renowned for giving students a competitive edge in the business world through excellent education, diverse specialized programs and unparalleled networking opportunities and resources.

MBA Cost in US

Tuition Fee

US business schools fall under two major categories:

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

A brief idea can be got from the following table:

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.

Colorado Technical University offers the MBA program for less than US $ 10,000 a year, while many top schools like Harvard Business School and Wharton Business Schools have a fee structure of around US $ 30,000 per year.

Living Expenses

The approximate annual living expenses 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 rough idea.

The main expenses can be split up as:

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.