Cost of doing MBA from USA – Tuition Fee & Living Expenses

Cost of doing MBA from USA – Tuition Fee & Living Expenses

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
Tuition Fees 25,000 15,000 20,000 10,000
Living Expenses
Rent 500 500 500 500
Groceries 150 150 150 150
Utilities 150 150 150 150
Phone 150 150 150 150
Sundry 250 250 250 250
TOTAL 26,200 16,200 21,200 11,200

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.

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