Costs involved in doing an MBA from USA are important criteria for those who nurture dreams of studying in America. Total costs are a sum of the tuition fee charged by the college/university and the living expenses. The average total cost of pursuing a two year masters in business administration is U.S. $ 40,000. The figures will vary from college to college.
Further the costs are also largely different for private and public institutions. The average annual tuition fee for private institutions is between U.S. $ 15,000 and U.S. $ 25,000. The figures for state colleges go down by U.S. $ 5000 each. Below are the details for total expenses as a sum of the tuition fee and other expenses.
|University Type||Private Colleges||State Colleges|
|Cost range in US $||High||Low||High||Low|
The above mentioned numbers are estimated costs for Tier II colleges. For Tier I colleges like Kellogg School of Management, Graduate School of Business – Chicago, Wharton School – Pennsylvania, Stanford, etc, the tuition fee is much higher. Candidates seeking admission to any of the business schools in America must go through the detailed fee structure for the specific college.