Cost Trends in M7 and Top 20 MBA Programs

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

Between 2022–23 and 2025–26, the total annual cost of attending the LBS MBA program has steadily increased, influenced by rising tuition and living costs, as well as exchange rate fluctuations that have amplified the financial impact for international students.

The Cornell MBA program's tuition fees show a steady increase over the years, starting at $76,690 in 2022-23 and rising to $79,910 in 2023-24, followed by $83,106 in 2024-25, indicating a 4.18% increase from 2022-23 to 2023-24 and a 3.99% rise from 2023-24 to 2024-25. 

Mandatory Fees: A mandatory fee of $2,019 was charged in 2022-23, whereas in 2023-24 and 2024-25, student activity fees of $85 and $110, respectively, were charged. 

The INSEAD MBA program's cost structure has shown significant changes over the three academic years from 2022-23 to 2024-25, both in Fontainebleau (France) and Singapore. 

Tuition fees for both campuses have increased steadily. 

Tuition Fee – Fontainebleau vs. Singapore

In Fontainebleau, tuition rose from €91,225 ($92,813) in 2022-23 to €97,000 ($108,106) in 2023-24, marking a 6.34% increase, and further to €99,500 ($108,273) in 2024-25, a 2.58% rise. In Singapore, tuition followed the same pattern with identical percentage increases.

The Yale MBA program's cost structure has seen notable changes over the past three academic years, with consistent increases across most expense categories. 

Tuition has steadily increased from $79,000 in 2022-23 to $82,200 in 2023-24, marking a 4.05% rise, and further to $84,900 in 2024-25, a 3.28% increase. The program fee has remained constant at $500 throughout all three years.

Room, board, and personal expenses have risen significantly from $25,550 in 2022-23 to $28,266 in 2023-24, reflecting a 10.63% increase, and then to $29,227 in 2024-25, a 3.41% rise.

Tuition fees for Stanford MBA have shown a constant upward trend, first increasing by 3.7%, from $76,950 in 2022 to $79,860 in 2023 further increasing by 3.2% in 2024 to $82,455. 

Living Expenses and Housing showed the highest hike of 6.9% in 2023, from $36,198 in 2021 to $38,724 in 2023 and then moderately increasing by 3%, to $39,888 in 2024.

Although medical insurance saw a hike of 4.9% in 2023, it substantially grew by 6.2% in 2024 to $8,403. 

Tuition fees for the Harvard MBA program saw a hike of 2%, whereas the total fee saw a hike of 2.36% due to increases in expenses such as Housing, Food, Course Materials, Health Fees, and Insurance plans. 
 

Since approximately only 30% of the Harvard MBA class is married or married with Children, we are summarizing the Harvard MBA Cost for a Single Person for 2023 and 2024. 

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Tuition fees for the Harvard MBA program have shown a 2% hike annually for two years.

The tuition fee first rose from $73,440 in 2022 to $74,910 in 2023 and finally saw a 2% hike to $76,410 in 2024.

Similarly, all other expenses, including Health fees, Insurance plans, living expenses, and course and material fees, have shown a marginal increase.