Total Cost To Attend A Top 50 Business School

SEE ALSO POETS&QUANTS‘ BEST UNDERGRADUATE BUSINESS PROGRAMS OF 2016 and ACCEPTANCE RATES AT TOP 50 BUSINESS SCHOOLS

  • Vijay

    Sticker price comparison is meaningless as that will not be the cost incurred by most of the students. What is more meaningful is to take 3 or 4 case scenarios of financial status and show what would be the actual cost after accounting for financial aid for each scenario. Financial status like – under 75K household income, under 125k, under 200k and above 200k and show how much it would actually cost for each of these scenarios. Another vairiation of this is when one more sibling is attending the school at the same time.

    • JohnAByrne

      Obviously, financial aid varies from school to school and from one student to another. Some schools put more scholarship money on the table but may use the money for merit–not need. Others may have a different approach. So sure, we could ask schools to estimates these numbers by household income but I’m not so sure it would be all that meaningful.

      • Akhil

        Hi John,

        I have been watching a lot of your youtube videos, regarding the so called MBA odds and found most of the videos very informative on a comparative basis. Im still in my 3rd year of undergrad studies at HKUST in Hong Kong. Something, that I wanted to know was, what is the reputation/intake of students from Asia. HKUST happens to be the leading MBA school in Asia along with INSEAD. I expect to graduate with a cgpa of 3.3 but major gpa of 3.6 in information systems and big data analytics with a minor in marketing, however my school does not allow retaking of courses and hence its hard to do courses as well reputed as HKUST’s in Hong Kong. I was wondering, what are the chances of students coming from Asia to the US to study MBA. Could I send a further detailed description?

      • Vijay

        Thanks for your reply, John. I was thinking of taking a first cut of compiling that info for one of the 3 scenarios (at 150 K) over the weekend for 10 universities but actually found the work done by Forbes, in this link.
        http://www.forbes.com/sites/troyonink/2015/03/31/do-you-earn-too-much-to-qualify-for-college-financial-aid/2/#302de1332858
        From that data, say, for Wharton, with 125K AGI, with one kid attending the college, the EFC is $26.6 k approx. Sticker price for Wharton per year is $70 K. So, given Wharton is need-blind, meaning Wharton provides the difference of sticker price and EFC through their own grants ($43.4 k), the actual cost per year for this scenario is $26.6 K, which is 38% of sticker price. That is what I was referring to, in my comment. $26.6 k is the price that matters to this to this family, not the sticker price. For a comparison, the cost for attending a public University, say Univ., of Wisconsin, Madison is ~ $23 K per year (EFC is higher so, has no affect on the cost for this University). which is just 10 % cheaper than Wharton, in this case.
        Of course, for second kid in the college, that price would come down to $ 13.3 k per kid. There is another variation. Some of the private colleges, even though they are need-blind, they limit that up to only a certain income level, thus limiting the maximum grant the university will provide. I believe New York University fits this bill. They are need-blind but up to 100k income, limiting the grants to around $17 k. In this case, if this kid chooses to go to NYU, his cost would be: Sticker price – max grants from Univ., = $62k – 17 k = $45 k, which is way more expensive than Wharton, for this family.
        Information like this, I think would be more meaningful for the families, than the sticker price. Let me know your thoughts.