MIT Sloan Exterior (Courtesy: Above Summit/MIT Sloan)
TOTAL COST AT THE LEADING U.S. MBA PROGRAMS, 2021-2025
| 2025 P&Q Rank | School | 2025 Total Cost | 2024 Total Cost | 2023 Total Cost | 2022 Total Cost | 2021 Total Cost | 2-Year Change – Annual Total Cost | 2-Year % | 5-Year Change – Annual Total Cost | 5-Year % |
| 13 | MIT (Sloan) | $ 138,310 | $ 126,744 | $ 109,180 | $ 119,995 | $ 117,998 | $ 11,566 | 9.1% | $ 20,312 | 17.2% |
| 7 | Columbia Business School | $ 137,571 | $ 132,258 | $ 127,058 | $ 122,460 | $ 118,777 | $ 5,313 | 4.0% | $ 18,794 | 15.8% |
| 11 | New York (Stern) | $ 135,840 | $ 126,874 | $ 123,253 | $ 121,525 | $ 121,541 | $ 8,966 | 7.1% | $ 14,299 | 11.8% |
| 2 | Stanford GSB | $ 135,771 | $ 130,746 | $ 126,465 | $ 124,389 | $ 119,964 | $ 5,025 | 3.8% | $ 15,807 | 13.2% |
| 17 | UC-Berkeley (Haas) | $ 133,655 | $ 124,041 | $ 116,178 | $ 115,931 | $ 110,595 | $ 9,614 | 7.8% | $ 23,060 | 20.9% |
| 12 | Pennsylvania (Wharton) | $ 132,404 | $ 127,716 | $ 124,476 | $ 118,568 | $ 115,464 | $ 4,688 | 3.7% | $ 16,940 | 14.7% |
| 14 | UCLA (Anderson) | $ 131,661 | $ 128,687 | $ 121,591 | $ 117,398 | $ 113,893 | $ 2,974 | 2.3% | $ 17,768 | 15.6% |
| 6 | Dartmouth (Tuck) | $ 129,936 | $ 124,514 | $ 120,004 | $ 117,575 | $ 118,815 | $ 5,422 | 4.4% | $ 11,121 | 9.4% |
| 3 | Chicago (Booth) | $ 129,403 | $ 125,937 | $ 122,160 | $ 115,062 | $ 111,855 | $ 3,466 | 2.8% | $ 17,548 | 15.7% |
| 1 | Northwestern (Kellogg) | $ 128,852 | $ 125,191 | $ 120,432 | $ 117,259 | $ 111,658 | $ 3,661 | 2.9% | $ 17,194 | 15.4% |
| 4 | Harvard Business School | $ 126,536 | $ 118,854 | $ 115,638 | $ 112,306 | $ 112,764 | $ 7,682 | 6.5% | $ 13,772 | 12.2% |
| 8 | Yale SOM | $ 123,936 | $ 119,110 | $ 114,816 | $ 108,780 | $ 104,752 | $ 4,826 | 4.1% | $ 19,184 | 18.3% |
| 5 | Virginia (Darden) | $ 121,275 | $ 117,217 | $ 108,951 | $ 104,036 | $ 100,778 | $ 4,058 | 3.5% | $ 20,497 | 20.3% |
| 9 | Cornell (Johnson) | $ 119,994 | $ 111,436 | $ 107,211 | $ 107,622 | $ 101,685 | $ 8,558 | 7.7% | $ 18,309 | 18.0% |
| 19 | Washington (Foster) | $ 119,148 | $ 115,662 | $ 115,692 | $ 112,254 | $ 107,202 | $ 3,486 | 3.0% | $ 11,946 | 11.1% |
| 15 | Carnegie Mellon (Tepper) | $ 116,428 | $ 111,786 | $ 107,084 | $ 101,922 | $ 97,929 | $ 4,642 | 4.2% | $ 18,499 | 18.9% |
| 23 | Emory (Goizueta) | $ 115,723 | $ 102,931 | $ 104,775 | $ 94,934 | $ 95,475 | $ 12,792 | 12.4% | $ 20,248 | 21.2% |
| 10 | Duke (Fuqua) | $ 114,952 | $ 110,826 | $ 106,735 | $ 100,269 | $ 97,554 | $ 4,126 | 3.7% | $ 17,398 | 17.8% |
| 29 | Michigan (Ross) | $ 111,725 | $ 102,984 | $ 99,780 | $ 99,949 | $ 97,566 | $ 8,741 | 8.5% | $ 14,159 | 14.5% |
| 25 | Georgetown (McDonough) | $ 111,487 | $ 106,781 | $ 103,513 | $ 94,934 | $ 95,475 | $ 4,706 | 4.4% | $ 16,012 | 16.8% |
| 30 | Vanderbilt (Owen) | $ 111,149 | $ 107,172 | $ 106,909 | $ 96,155 | $ 93,751 | $ 3,977 | 3.7% | $ 17,398 | 18.6% |
| 24 | Notre Dame (Mendoza) | $ 103,925 | $ 100,366 | $ 92,000 | $ 83,160 | $ 80,390 | $ 3,559 | 3.5% | $ 23,535 | 29.3% |
| 18 | North Carolina (Kenan-Flagler) | $ 102,960 | $ 102,414 | $ 99,928 | $ 96,676 | $ 94,632 | $ 546 | 0.5% | $ 8,328 | 8.8% |
| 26 | Rice (Jones) | $ 97,123 | $ 99,529 | $ 96,260 | $ 90,537 | $ 80,090 | -$2,406 | -2.4% | $ 17,033 | 21.3% |
| 21 | Washington (Olin) | $ 96,970 | $ 96,920 | $ 89,740 | $ 87,508 | $ 87,508 | $50 | 0.1% | $ 9,462 | 10.8% |
| 22 | Southern California (Marshall) | $ 94,601 | $ 89,769 | NA | NA | NA | $ 4,832 | 5.4% | NA | NA |
| 16 | Texas-Austin (McCombs) | $ 85,889 | $ 84,605 | $ 82,738 | $ 81,128 | $ 80,324 | $ 1,284 | 1.5% | $ 5,565 | 6.9% |
| 34 | Indiana (Kelley) | $ 83,940 | $ 83,258 | $ 81,386 | $ 80,275 | $ 78,658 | $ 682 | 0.8% | $ 5,282 | 6.7% |
| 19 | Georgia Tech (Scheller) | $ 67,496 | $ 65,654 | $ 61,968 | $ 61,480 | $ 62,072 | $ 1,842 | 2.8% | $ 5,424 | 8.7% |
Source: Business schools
Next page: Estimated two-year cost data for 29 of the leading U.S. MBA programs, including the P&Q top 25.