Cost Trends in M7 and Top 20 MBA Programs

The total cost of attending Wharton grew from $118,568 in 2022–23 to $132,224 in 2025–26, representing an overall increase of $13,656 or 11.52%.

The most notable cost jumps came from university fees and room and board, with tuition and health insurance also contributing to the overall rise.

Before we dive into the inflation trends at Wharton, let us look at the general inflation trends in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD metro area.

Between the academic years 2022–23 and 2025–26, the total cost of attending the Berkeley Haas MBA program has consistently increased, with each major expense category showing upward movement.

Before we dive into the inflation trends at Berkeley Haas, let us look at the general inflation trends in California.

Between the academic years 2022–23 and 2025–26, the cost of attending Columbia Business School's MBA program has steadily increased, though the rate and nature of changes vary across categories.

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%.

Between 2022–23 and 2025–26, the total annual cost of attending the Duke Fuqua MBA program has increased consistently, influenced by rising tuition and supplies cost.

Tuition Fee Inflation (Total): 12.41% (4-year trend)

Duke Fuqua MBA Program’s tuition costs have risen from $71,750 in 2022-23 to $75,000 in 2023-24, marking a 4.53% increase, and further to $77,925 in 2024-25, representing a 3.90% rise from the previous year, followed by an identical increase in tuition fee of 3.94% in 2025-26.

In 2022–23, the total cost was $123,253, which rose to $126,874 in 2023–24 and further to $131,818 in 2024–25.

In this in-depth cost trend analysis of NYU Stern MBA, we cover cost trends in:

For Virginia-domiciled students, tuition and fees rose from $72,200 in 2022–23 to $75,600 in 2023–24, marking a 4.7% increase. The following year saw another 4.1% rise to $78,700 for the Class of 2026 (2024–25), and by 2025–26, the tuition had increased to $79,598, a more modest 1.1% year-over-year jump. 

In this in-depth cost trend analysis of Darden MBA, we cover cost trends in:

The comparison of Ross MBA costs across the academic years 2022-23, 2023-24, and 2024-25 shows a steady increase in various expenses.

Tuition Fees (Inflation): Low to Moderate

Beginning with full-time MBA tuition, the cost for Michigan residents rose from $68,196 in 2022-23 to $70,392 in 2023-24, marking a 3.2% increase, and further to $73,030 in 2024-25, showing an additional 3.7% rise.

Inflation: Tuition Fees (Moderate)

The tuition cost for 2022-23 and 2023-24 was the same at $77,520 which increased by 5.2% in 2024-25 to reach $80,620. 

Inflation: Program Fees (High)

The program fees for Tuck first increased by 29%, from $3,558 in 2022-23 to $4,593 in 2023-24, further increasing by 18% to reach $5,420 in 2024-25. 

Inflation: Housing Cost(High)

The Kellogg MBA program tuition costs rose from $76,368 in 2022-23 to $81,015 in 2023-24, and then to $83,610 in 2024-25, representing an increase of 6.08% from 2022-23 to 2023-24, and 3.20% from 2023-24 to 2024-25, signifying a slight decline in the rate of increase of tuition fee. 

The average increase per year was 4.5% when you consider the 3-year timeframe.

Tuition Fee (Inflation): Low