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Best 30 US MBA – Total Cost and Total Salary (2024 vs. 2023 vs. 2022)

For the 2024-25 session, none of the Business schools maintained the same tuition fee or cost as that of 2023. 

On average, the percent increase in the total cost remained in the 5% to 15% range.

The highest increase in the cost was from Paul Merage School of Business with 32% hike and Broad College of Business with a 38% hike. Despite such noticeable hike, these two schools remained at the bottom of the Top 30 US schools ranked based on the post-MBA salary.

Johnson Graduate School of Business and UC Davis Graduate School of Business were the only schools with a slight decrease in total Full-Time MBA Cost by 0.3 and 0.2 percent, respectively.

Among the T20 US MBA programs, Darden, with a 12% hike, and Fuqua, with a 10% hike, had the highest increase in total cost. 

M7 MBAs like Booth, Stanford, Columbia, Harvard, Wharton saw a hike ranging from 3% to 8%. The increase in the total cost for 2024 is almost twice and thrice as compared to the increase in 2023.  
 

RankBusiness School NameTotal Salary 2024Total Salary 2023Total Salary 2022Total Cost 2024Total Cost 2023Total Cost 2022% Increase in Cost (2023-2024)
1University of Chicago Booth School of Business$213,000$205,000$190,000$241,720$230,124$229,2065.3%
2Stanford Graduate School of Business$212,500$205,000$188,000$261,492$248,778$243,0005.1%
3Columbia Business School$206,000$205,000$180,000$254,116$244,920$243,0503.5%
4Harvard Business School$205,000$205,000$180,500$237,708$223,084$225,1736.5%
4NYU Stern School of Business$205,000$205,000$190,000$253,748$246,506$251,1462.9%
4Wharton Business School (Base Salary)$205,000$175,000$155,000$254,028$235,136$239,4248%
4Kellogg School of Management$205,000$1950,00$175,000$238,864$234,518$223,3161.8%
4Ross School of Business$205,000$1950,00NA$196,300$189,560$193,4683.5%
4Johnson Graduate School of Business$205,000$193,000$176,600$214,422$215,244$211,866-0.3%
4Fuqua School of Business$205,000$190,000$176,000$221,644$200,538$204,21410%
4Yale School of Management$205,000$190,000$170,000$238,220$217,560$219,5609.4%
4Darden School of Business$205,000NA$180,000$228,026$202,394$199,71212.6%
4Dartmouth Tuck$205,00NANA$260,000$238,908NA4%
5Haas School of Business$203,000$188,418$149,000$223,572$214,336$220,4824.3%
6MIT Sloan School of Management$200,000$195,000$180,000$250,978$239,990$241,4924.5%
7McDonough School of Business$192,581$174,500$160,000$207,026$197,692$193,1264.7%
8Tepper School of Business$192,175$173,067$159,000$214,168$203,844$197,9885%
9McCombs School of Business$190,650$170,500$155,000$156,036$150,816$161,9863.4%
10USC Marshall School of Business$187,532$187,000$159,000$204,400$195,924$207,0284.3%
11Jones Graduate School of Business$186,500$170,500$165,000$203,000$188,400$186,4867.7%
12UNC Chapel Hill Kenan-Flagler Business School$181,334$160,000$155,000$168,468$166,522$179,0401.1%
13Foster School of Business (Base Salary)$181,000$143,200NA$160,032$138,112$154,70015%
14UCLA Anderson School of Management$180,000NA$129,000$244,741$240,472$234,4321.7%
15Kelley School of Business$178,132$160,000$150,000$111,552$110,334$135,9801.1%
16Mendoza College of Business$172,098$160,000$145,950$189,196$169,496NA11.6%
17Carlson School of Management$149,172$149,172$111,477$141,076$136,338$182,9343.4%
18BU Questrom School of Business$145,000$147,500NA$179,874$172,726NA4.1%
19Smeal College of Business (one year)$144,000$144,000$137,500$53,786$478,50NA12.4%
20UC Davis Graduate School of Business$143,419$128,000NA$164,362$1,57,672NA-0.2% (negative)
21Paul Merage School of Business$138,000$154,816NA$181,510$137,339NA32%
22Broad College of Business$130,000$143,577NA$150,876$108,744NA38%

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