If you’re thinking about applying to an MBA program, it’s important to understand that not every MBA program is the same, especially regarding the tuition costs and fees. There are plenty of schools that offer an accredited MBA program under $100k. However, there are also many programs over $100k that offer incredible educational experiences including international study opportunities. Though it is important to assess the cost of each MBA program, it’s also important to consider the program’s curriculum to see if it aligns with your career goals.
Today, we are providing a breakdown regarding the best programs over and under $100,000 to help you better decide what business school is best for you.
Top Accredited MBA Programs Under $100K
Hough Graduate School of Business, University of Florida
Location: Gainesville, FL
Costs: $60k to $70k
This full-time two-year program offers an affordable option for students wanting to pursue an MBA. In addition, the UF MBA program is one of the top-ranked programs in the United States and has a progressive curriculum that will help students in today’s business world. According to UF’s website, the MBA program is unmatched; students can take a variety of electives, concentrations, and certificates that are unique to the Hough Business program.
UF’s business program has six concentration including Finance, Human Capital, Marketing, Strategy, Supply Chain, or Real Estate.
The UF Business Program offers a rolling admission process where students have three opportunities to apply in the year. Though applicants are encouraged to apply as soon as possible.
In terms of the fees, both resident and non-resident students are required to pay a $1,000 Professional Development Fee. Though it’s local residents that will benefit from a more affordable tuition fee, the tuition price non-resident students will pay is quite affordable compared to other MBA programs in the United States.
Wisconsin School of Business, University of Wisconsin
Location: Madison, WI
Costs: $34,316 per year
The University of Wisconsin offers an affordable business program. They offer students the option to select from 10 specializations, which include Risk Management, Real Estate, Marketing Research, and more. Students can earn their MBA in 21 months.
If you’re a resident of Wisconsin, you’ll receive even more benefits including a lower tuition fee. Tuition for resident students is $17,452 per semester
The University of Wisconsin also has the option for students to take their business program part-time, which will allow students to work while earning their MBA.
Krannert School of Management, Purdue University
Location: West Lafayette, IN
Costs: $42,184 per year
The Krannert School of Management at Purdue University offers one of the most affordable MBA programs. The MBA program is also one of the most customizable programs in the United States, allowing students to choose from a wide range of specializations. Students can opt to complete one to two areas of study including Accounting, Business Analytics, Finance, Global Supply Chain Management, Human Resource Management, to name a few.
You can complete your MBA in as little as 21 months. Plus, with the average class size of 77 people, you’ll be sure to get a more personalized educational experience.
The application fee is affordable: $60 for domestic students and $75 for international students. Tuition for in-state students is $22,408 per year.
Scheller College of Business, Georgia Tech
Location: Atlanta, GA
Costs: $40,180 per year
According to Georgia Tech’s website, their MBA program is one of the more reasonably priced MBA programs in the country, especially if you’re a local resident. Their full-time MBA can be completed in as little as 22 months and is one of the leading MBA programs that help prepares students for a variety of business challenges.
Georgia Tech welcomes students from all educational backgrounds to apply. The curriculum focuses on helping students develop business and leadership skills. Students will also have the opportunity to engage in different MBA concentrations such as Finance, Marketing, Law and Ethics, Real Estate, among many other concentrations.
The tuition fee for both resident and non-resident students is quite affordable for an MBA program, however, there is a mandatory $2,000 entrance fee that covers students benefits like athletics, health center, computer lab fee, and more. In-state tuition is $29,232 per year.
Jenkins MBA Program @ Poole College of Management, North Carolina State University
Location: Raleigh, NC
Costs: $38,577 per year
Bloomberg Businessweek has ranked North Carolina State University’s business program as one of the best and well-established programs in the United States — plus, it’s been also ranked for its good value. Students can choose from many concentrations including Marketing Management, Finance Management, Technology Entrepreneurship, Innovation Management, among others.
If you live in-state, tuition will be even more affordable. Tuition for resident students is $22,617 per year.
Top MBA Programs Over $100K
The Eli Broad Graduate School of Management, Michigan State University
Location: East Lansing, MI
Costs: $90k to $100k
The Eli Broad Graduate School of Management at Michigan State University has been recognized for its high graduate job satisfaction. According to TopMBA.com, 94 percent of the recent graduating class have reported employment after three months post-graduation.
The MBA curriculum focuses on core business foundation classes, plus a variety of elective courses that students can choose from based on their specific career goals. Students will not only build their business skills, but the program will also help students with personal brand building.
As for tuition, Broad has a three-tier structure:
- Local residents pay $30k per year
- Non-residents pay over $48k per year
- International students pay over $49k per year
Broad offers an amazing program that fully-prepare students with both academic and hands-on experience. Though the program does have a high price tag, students will be happy to hear that the average based salary of Broad graduates is $101,836.
Olin Business School, Washington University
Location: St. Louis, MO
Costs: $110k to $120k
Washington University’s Olin Business School is one of the highest ranked MBA programs in the world. Though the full-time program does come at a cost — about $57,900 per semester. However, there are many scholarship opportunities for students to offset the cost of the program.
The curriculum at the Olin Business school is student-driven and is designed to tailor to each students’ specific career goals. According to TopMBA.com, two-thirds of the total credits needed to graduate are elective courses, meaning students can choose courses that will help them with their end goal.
One of the best experiences this school has to offer is the international study opportunities. Although you should keep-in-mind this will affect the total tuition costs, the experience of learning business in a different country may be worthwhile.
While the tuition is on the higher end, it’s important to know that of the recent graduating class. In fact, 97 percent have reported finding work within three months of graduating, according to TopMBA.com.
McDonough School of Business, Georgetown University
Location: Washington, DC
Costs: $110 to $120k
Another MBA that offers innovative business education, but at a price. At McDonough School of Business, students can select from a wide variety of specializations including Brand Management, Finance, Information Management, Marketing, among many other specializations.
In as little as 21 months, students can walk away with an MBA that will help them lead to higher level opportunities in the workforce. The program is very flexible, students can choose to take the program full-time or enroll in the program part-time to allow students to balance work and life.
According to TopMBA.com, the hefty tuition fee may be worth it in the end, as many post-graduates are making an average salary of over $110k.
Carroll School of Management, Boston College
Location: Newton, MA
Costs: $100k to $110k
Boston College offers a world-renowned MBA program that includes a rigorous curriculum that prepares students for 21st century jobs. Although the fee is steep, the Carroll School of Management’s interdisciplinary approach is worth the price.
Throughout the MBA program, students will master a range of professional skills and will gain experience in the business industry. Plus, students will have the opportunity to collaborate with both faculty members and distinguished alumni.
Students will have the option to explore a range of electives in functional areas of management and leadership. Students can also choose from many different electives including data analytics, finance, international business, and more.
Fisher College of Business, Ohio State University
Location: Columbus, OH
Costs: $100k to $110k
Ohio State University offers one of the flagship full-time MBA programs in the United States. Though it’s one of the more expensive MBA programs available, students at Fisher College of Business have lots of benefits including small class sizes, a high level of faculty interaction, and a business program that is focused on teamwork and collaboration.
In the first year, students will learn a variety of core business foundations such as skills-building and leadership. Students can also choose from many different electives including data analytics, finance, international business, and more.
92 percent of graduates of Fisher College of Business are reportedly employed within three months, with an average salary of $95k.
Though price can sometimes play a factor in choosing an MBA program, it’s important to not just consider the costs. You owe it to yourself to spend time researching each MBA program to find one that is best suited to your career goals.
It’s never a good idea to rule out a school just because of the cost. Sometimes it’s graduates who’ve attended pricey schools that are advancing at a higher rate in their career.
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