Cost Trends in M7 and Top 20 MBA Programs

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:

Over the course of three academic years, the Columbia MBA program has seen a steady increase in expenses across various categories. 

Tuition Fee: Inflation (Moderate to High)

Starting with tuition, it increased from $80,472 in 2022-23 to $84,496 in 2023-24, marking a 5% rise. This trend continued into 2024-25, with tuition reaching $88,300, a 4.5% increase from the previous year and an overall increase of 9.7% over two years.

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)

California vs. Non-California Residents

Comparing tuition and fees, for California residents, the cost increased from $67,424 in 2022-23 to $69,814 in 2023-24 (a 3.54% increase), and further to $73,160 in 2024-25 (a 4.79% increase).

Tuition Fee (Inflation)(California Residents): Low

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

The combined tuition and student fees have increased by 1.9% in 2023, from $82,996 in 2022 to $84,606 in 2023, whereas this rate slightly escalated to a 2.7% increase in 2024, reaching $86,956. 

Tuition Fee Inflation (MIT): Low

Housing costs have been fluctuating since they first decreased by 27% in 2023, from $17,100 in 2022 to $12,380 in 2023, and then further increased by 30% in 2024, reaching $16,200 which is still less than that of 2022 Housing cost. 

Housing Inflation (MIT): Low

Tuition fees for the Wharton MBA have seen fluctuations which first increased from $82,874 in to $85,370 in 2023 and finally decreased to $84,830. However, over the three years, the tuition has increased by 2.3% - a much lower hike compared to other M7 schools.

The highest increase was seen in the University fees which after remaining stagnant at $2,000 for 2022 and 2023, doubled to $4,670 in 2024. Similarly, Housing and Board costs saw a 16% increase from 2022 to 2023 which further increased by only 6% in 2024.

The total cost has increased for all three years.

The London Business School (LBS) MBA program tuition fees have seen a notable increase in the first year, rising from $117,575 in 2022-23 to $142,788 in 2023-24, a 21.45% increase. Then, there was a modest increase in the second year, to $146,389 in 2024-25, marking a 2.52% rise from the previous year. 

Tuition Fee Inflation (Total): 24% (3-year trend)

Housing costs have also escalated sharply, increasing by 30.99% from $12,617 in 2022-23 to $16,530 in 2023-24 and then by 29.41% to $21,385 in 2024-25.