Cost Trends in M7 and Top 20 MBA Programs

The estimated cost of attendance for single students at Harvard Business School has steadily increased over the past four academic years, from 2022–23 to 2025–26.

Tuition Fee Inflation – 7.2% over 4 Years

Tuition has increased consistently year over year—from $73,440 in 2022–23 to $74,910 in 2023–24, $76,410 in 2024–25, and $78,700 in 2025–26. This marks a total increase of 7.2% over four years.

Tuition Fee (Inflation): Low

Between the academic years 2022–23 and 2025–26, the total cost of attending the Stanford MBA program for a single student has seen a steady year-on-year increase across all major expense categories: tuition, living expenses and housing, and medical insurance and health fees.

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.