Stanford Graduate School of Business (GSB) is boosting its tuition cost from $57,300 to $59,534 for the incoming class of 2013-14 bringing the cost for an MBA program rising to around $185,530 for a single student living on campus.
A student living off campus with a spouse or partner will pay more than $220,000. These figures do not take into account required study trips as part of the program, which can cost up to $4,000.
The average scholarship (free money not loans) to entering MBAs this year was $25,562 and 50 percent of students got some amount of money according to Madhav Rajan, a senior associate dean who heads the Stanford MBA program.
Tuition at Harvard Business School is currently $53,500 per year, and the total cost for a single student to complete the two-year program is $174,400. At the University of Pennsylvania’s Wharton School, meanwhile, tuition and fees for per year are $62,034, with total costs for the two-year program coming in at $184,000.
Source: BusinessWeek
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