MBA Programs Cost

I have done graduation degree and now I want to do MBA program in USA so can you please tell me the cost of MBA in USA?

[Kiran Chandar]

Enrolling in an MBA program is one of the biggest investments you can make. The average MBA tuition can be between $50,000 per year, or $80,000 for the full two years.

Tuition Fee-

US business schools fall under two major categories:
- public (state supported)
- private (independent) institutions

University Type Tuition Fees (annual in U.S. Dollars)
Private School (High Cost) $ 35,000
Private School (Low Cost) $ 15,000
State School (High Cost) $ 20,000
State School (Low Cost) $ 10,000

The tuition fee is different for different universities and varies widely with courses.

It can vary from as low as $ 8000 a year for state universities to as much as $ 35000 per annum for some private universities.

Living Expenses

The approximate annual living expenses during the MBA program is about $14,400, which includes accommodation as well as other daily expenses.

However, the expenses are different for different people depending on the lifestyles and this is just a rough idea.

The main expenses can be split up as:

Rent $ 500 per month
Groceries $ 150 per month
Utilities $ 150 per month
Phone $ 150 per month
Sundry $ 250 per month

So, about $1200 per month is a good estimation.

Mostly people can survive between $700-$1000 a month.