Between the academic years 2022–23 and 2025–26, the total cost of attending the Chicago Booth MBA program for a single student has increased steadily, primarily driven by tuition hikes and rising expenses for administrative, housing, and personal costs.
Tuition Fee Inflation – Reached 12.2% (4-year trend)
Tuition rose from $77,841 in 2022–23 to $80,961 in 2023–24, a 4.0% increase. It continued to climb to $84,198 in 2024–25 (4.0%) and reached $87,354 in 2025–26 (3.75%). Over the four years, the tuition rose by $9,513, reflecting a total increase of approximately 12.22%.
Student Services Fee Inflation – 12.03% (4-year trend)
The student services fee also increased incrementally, from $1,347 in 2022–23 to $1,398 in 2023–24 (3.78%), $1,452 in 2024–25 (3.86%), and $1,509 in 2025–26 (3.93%). This resulted in a total increase of $162, or 12.03%, over the four years.
Administrative Fee Inflation – 19.23% (4-year trend)
The administrative fee, charged in the first year only, started at $2,600 in 2022–23 and remained the same in 2023–24, then increased to $3,000 in 2024–25 and $3,100 in 2025–26. These increases, though relevant for first-year students only, represent a 19.23% rise over time.
The one-time lifetime transcript fee increased marginally from $75 in 2022–23 and 2023–24 to $78 in 2024–25 and $81 in 2025–26, reflecting an 8% total increase.
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Book Expenses – Fell by 19.74% (4-year trend)
Book expenses dropped from $684 in 2022–23 to $549 in 2023–24 and remained steady thereafter, indicating a 19.74% decrease with no change for the last three years.
Housing and Food Expenses Inflation – a 17.25% Increase (4-year trend)
Housing and food costs increased significantly from $22,185 in 2022–23 to $26,010 in 2023–24, a jump of 17.25%. This figure then stabilized, remaining constant at $26,010 through 2025–26. The overall increase over four years was $3,825 or 17.25%.
Personal Expenses Inflation – 4.43% Increase (4-year trend)
Personal expenses grew modestly from $7,086 in 2022–23 to $7,167 in 2023–24, $7,250 in 2024–25, and $7,400 in 2025–26. This represents a cumulative increase of $314, or 4.43%.
Transportation Cost – Fell by 7.41% (4-year trend)
Transportation costs slightly decreased from $1,944 in 2022–23 to $1,800 in 2023–24 and remained unchanged thereafter, a reduction of 7.41%.
Computer Allowance – 23.08% Increase (4-year trend)
The one-time computer allowance rose from $1,300 in 2022–23 to $1,600 in 2023–24 and held steady, indicating a 23.08% increase.
The total cost increased from $115,062 in 2022–23 to $122,160 in 2023–24 (6.17%), then to $125,937 in 2024–25 (3.09%), and $129,403 in 2025–26 (2.75%).
Over the four-year period from 2022 to 2025-26, the total increase in costs for the Chicago Booth MBA program was $14,341, or approximately 12.46%.
Related Download
- Chicago Booth MBA Essay Guide (Essay Examples Included)
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| Expenses | MBA Cost for 2022-23 | MBA Cost for 2023-24 | MBA Cost for 2024-25 | MBA Cost for 2025-26 |
| Tuition | $77,841 | $80,961 | $84,198 | $87,354 |
| Student Services Fee | $1,347 | $1,398 | $1,452 | $1,509 |
| Admin Fee (only first year) | $2,600 | $2,600 | $3,000 | $3,100 |
| Lifetime Transcript Fee (One time) | $75 | $75 | $78 | $81 |
| Books | $684 | $549 | $549 | $549 |
| Housing and Food | $22,185 | $26,010 | $26,010 | $26,010 |
| Personal Expense | $7,086 | $7,167 | $7,250 | $7,400 |
| Transportation | $1,944 | $1,800 | $1,800 | $1,800 |
| Computer allowance (one-time) | $1,300 | $1,600 | $1,600 | $1,600 |
| Total | $115,062 | $12,2160 | $125,937 | $129,403 |