The Most Expensive Business Schools In America

wharton

Photo: Jack Duval on flickr

This is part of our comprehensive ranking of the World’s Best Business Schools.Business school costs a lot of money. Period.

But when you’re factoring in the cost of business school, it’s not the tuition alone—which costs an average of $44,066 per year along with fees—that you have to consider.

You also have to think about everything from the cost of health insurance to books, a computer, and other supplies. Then there are the hidden fees that you probably don’t factor in, like loan fees, transportation, business attire, and networking costs (taking people out to lunch, attending conferences, and more).

Add in the cost of living (which can be quite high in a city like New York), and you’ve got yourself a lot of debt.

We looked at each school’s total cost estimate for one year of business school—most of which assume that students are living a very modest lifestyle—and then added in some extra costs that the schools seem to have forgotten to include, like loan fees, computers, and more. We didn’t even include extras like study abroad costs—which are popular add-ons in business school—or miscellaneous fees like club dues.

We found that the cost of tuition pales in comparison to the total cost of these MBA programs—in fact the true cost of a MBA is often double the cost of tuition.

#10 McDonough School of Business, Georgetown

Tuition: $51,886

Room & Board: $19,894

Health Insurance: $1,895

Books, Supplies, Computer: $4,600

Miscellaneous Fees (including program fees, clothing, transportation, loan fees, networking costs): $4,500

Total: $82,775

#9 Yale School of Management

Tuition: $55,050

Room & Board: $14,760

Health Insurance: $2,016

Books, Supplies, Computer: $2,900

Miscellaneous Fees (including program fees, clothing, transportation, loan fees, networking costs): $9,480

Total: $84,206

#8 Tuck School of Business, Dartmouth

Tuition: $56,160

Room & Board: $12,075

Health Insurance: $2,006

Books, Supplies, Computer: $3,200

Miscellaneous Fees (including program fees, clothing, transportation, loan fees, networking costs): $14,009

Total: $87,450

#7 MIT Sloan School of Management

Tuition: $58,200

Room & Board: $18,360

Health Insurance: $1,848

Books, Supplies, Computer: $3,926

Miscellaneous Fees (including program fees, clothing, transportation, loan fees, networking costs): $7,098

Total: $89,432

#6 Chicago Booth, University of Chicago

Tuition: $56,000

Room & Board: $18,900

Health Insurance: $2,757

Books, Supplies, Computer: $4,100

Miscellaneous Fees (including program fees, clothing, transportation, loan fees, networking costs): $8,626

Total: $90,383

#5 Harvard Business School

Tuition: $53,500

Room & Board: $23,912

Health Insurance: $3,100

Computer: $2,000

Miscellaneous Fees (including program fees, clothing, transportation, loan fees, networking costs, books & supplies): $8,430

Total: $90,942

#4 Columbia Business School

Tuition: $58,384

Room & Board: $20,700

Health Insurance: $2,981

Books, Supplies, Computer: $2,900

Miscellaneous Fees (including program fees, clothing, transportation, loan fees, networking costs): $7,645

Total: $92,610

#3 Stanford Graduate School of Business

Tuition: $57,300

Room & Board: $23,391

Health Insurance & Health Fees: $4,137

Books, Supplies, Computer: $5,894

Miscellaneous Fees (including program fees, clothing, transportation, loan fees, networking costs): $3,500

Total: $94,222

#2 NYU Stern

Tuition: $56,554

Room & Board: $24,472

Health Insurance: $2,513

Books, Supplies, Computer: $3,960

Miscellaneous Fees (including program fees, clothing, transportation, loan fees, networking costs): $6,767

Total: $94,266

#1 Wharton, University of Pennsylvania

Tuition: $62,034

Room & Board: $20,644

Health Insurance: $3,222

Books, Supplies, Computer: $4,000

Miscellaneous Fees (including program fees, clothing, transportation, loan fees, networking costs): $5,100

Total: $95,000

Which schools are really worth the cost?

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