Average MBA Tuition in 2024
This study provide a detailed analysis of the average MBA tuition costs by state, region and school in the United States for 2024. By examining the data presented on the page “Average MBA Tuition Costs by State in 2024” from MBAGuide.org, we can gain valuable insights into the regional differences in MBA tuition costs and the factors that may influence these variations.
Methodology
The data for this study was collected from the MBAGuide.org website, which provides a comprehensive list of average MBA tuition costs for each state in the United States for the year 2024. The states were then grouped into regions based on the U.S. Census Bureau’s regional divisions to allow for a more in-depth analysis of the regional trends in MBA tuition costs.
Average MBA Tuition for Each State for 2024
The average MBA tuition varies significantly by state, ranging from a low of $14,503 in South Dakota to a high of $103,312 in New Hampshire. Other notably affordable states for an MBA include $38,995 in Colorado, $59,093 in California, $37,995 in Texas and $37,711 in Florida. On the high end is the state of New Hampshire at $103,312 followed by $83,309 in District of Columbia and $74,395 in Massachusetts.
Some states show a very wide range between the minimum and maximum tuition costs of MBA programs in the state. For example, minimum tuition in Texas is just $11,030 from University of Houston-Victoria while the maximum is $139,081 from Rice University. California also has a large spread, with in-state tuition ranging from $165,591 at Stanford University to a low of $7,176 from California State University, Bakersfield.
- New Hampshire - $103,312
- District of Columbia - $83,309
- Massachusetts - $74,395
- Oregon - $61,583
- New York - $61,321
- California - $59,093
- Pennsylvania - $54,581
- Connecticut - $51,233
- New Jersey - $51,100
- Maryland - $50,582
- Illinois - $48,710
- Washington - $48,319
- Ohio - $47,833
- Virginia - $45,876
- Michigan - $45,734
- Minnesota - $44,597
- Tennessee - $44,060
- Arizona - $40,003
- Colorado - $38,995
- Texas - $37,995
- North Carolina - $37,844
- Florida - $37,711
- Utah - $36,682
- Wisconsin - $33,557
- Louisiana - $33,470
- Indiana - $32,023
- Missouri - $31,909
- Vermont - $31,878
- Georgia - $31,430
- Rhode Island - $29,922
- Delaware - $27,790
- Oklahoma - $27,566
- Wyoming - $26,460
- Iowa - $25,779
- Kentucky - $25,407
- South Carolina - $25,244
- Montana - $24,913
- West Virginia - $21,722
- Alaska - $21,467
- Nebraska - $21,340
- Hawaii - $21,288
- Mississippi - $21,282
- North Dakota - $21,022
- Alabama - $21,005
- Nevada - $20,392
- Maine - $19,935
- Kansas - $19,893
- New Mexico - $18,520
- Arkansas - $17,073
- Idaho - $15,079
- South Dakota - $14,503
10 States with the Least Expensive MBA Tuition
- South Dakota - $14,503
- Idaho - $15,079
- Arkansas - $17,073
- New Mexico - $18,520
- Kansas - $19,893
- Maine - $19,935
- Nevada - $20,392
- Alabama - $21,005
- North Dakota - $21,022
- Mississippi - $21,282
10 States with the Most Expensive MBA Tuition
- New Hampshire - $103,312
- District of Columbia - $83,309
- Massachusetts - $74,395
- Oregon - $61,583
- New York - $61,321
- California - $59,093
- Pennsylvania - $54,581
- Connecticut - $51,233
- New Jersey - $51,100
- Maryland - $50,582
Regional Analysis
Northeast Region
The Northeast region, consisting of states such as New York, Massachusetts, and Pennsylvania, has some of the highest average MBA tuition in the country. New York and Massachusetts, in particular, stand out with average tuition of $61,321 and $74,395 respectively. This can be attributed to the presence of many prestigious, top-ranked MBA programs in these states, which often command higher tuition fees.
West Region
The West region, which includes states like California, Washington, and Colorado, also exhibits higher than average MBA tuition. California, home to many renowned business schools, has an average tuition of $59,093. The high cost of living in many West Coast cities may also contribute to the elevated tuition rates in this region.
South Region
The South region, comprising states such as Texas, Florida, and Georgia, displays a wide range of average MBA tuition. While some states like Texas ($37,995) and Virginia ($45,876) have higher average tuition rates, others like Louisiana ($33,470) and Mississippi ($21,282) have more affordable options. This variation can be attributed to the mix of public and private institutions and the differences in state funding for higher education.
Midwest Region
The Midwest region, which includes states like Illinois, Michigan, and Ohio, has a relatively balanced distribution of average MBA tuition. Illinois stands out with an average tuition of $48,710, likely due to the presence of top-ranked MBA programs in the Chicago area. Other states in the region, such as Indiana ($32,023) and Wisconsin ($33,557), have more moderate tuition rates.
Factors Influencing MBA Tuition
Several factors may contribute to the variations in MBA tuition across states and regions:
- Prestige and Ranking of MBA Programs: States with a higher concentration of top-ranked, prestigious MBA programs tend to have higher average tuition.
- Public vs. Private Institutions: Private institutions generally have higher tuition rates compared to public universities, which receive state funding.
- Cost of Living: States with higher costs of living, particularly in urban areas, may have higher MBA tuition rates to account for increased operational expenses.
- State Funding for Higher Education: Differences in state funding for higher education can impact the tuition rates at public institutions, leading to variations across states.
Average Tuition for MBA Programs
Average MBA Tuition for 25 Least Expensive Schools
- The University of Rhode Island - $7,048.00
- California State University, Bakersfield - $7,176.00
- Indiana University South Bend - $7,458.00
- Indiana University Southeast - $7,458.00
- Indiana University Northwest - $7,458.00
- McNeese State University - $8,879.00
- University of Central Oklahoma - $9,068.00
- Columbus State University - $9,087.00
- University of the District of Columbia - $9,156.00
- Savannah State University - $9,180.00
- Southern Utah University - $9,212.00
- Cal Poly Humboldt - $9,294.00
- Tennessee State University - $9,452.00
- Sonoma State University - $9,494.00
- Georgia Southern University - $9,824.00
- University of Idaho - $9,912.00
- New Mexico State University - $10,314.00
- Augusta University - $10,590.00
- University of Louisiana at Monroe - $10,800.00
- Northern Arizona University - $11,004.00
- University of Houston-Victoria - $11,030.00
- University of Central Arkansas - $11,239.00
- San Francisco State University - $11,362.00
- Brooklyn College of the City University of New York - $11,521.00
- Elizabeth City State University MBA - $11,630.00
Average MBA Tuition for 25 Most Expensive Schools
- Cornell University - $219,688.00
- Columbia University - $180,258.00
- University of Pennsylvania - $179,852.00
- The University of Chicago - $167,393.00
- Stanford University - $165,591.00
- Dartmouth College - $165,442.00
- Massachusetts Institute of Technology - $164,000.00
- Northwestern University - $162,030.00
- New York University - $160,130.00
- Duke University - $157,546.00
- University of Southern California - $154,339.00
- Yale University - $153,540.00
- Emory University - $151,689.00
- University of Virginia-Darden - $151,200.00
- Harvard University - $149,820.00
- Carnegie Mellon University - $147,456.00
- University of California, Los Angeles - $142,142.00
- University of California, Berkeley - $139,628.00
- Rice University - $139,081.00
- The University of Michigan - $137,056.00
- Miami University - $136,342.00
- Washington University in St. Louis - $134,020.00
- Johns Hopkins University - $133,000.00
- Vanderbilt University - $131,000.00
- Georgetown University - $124,814.00
Average MBA Online Tuition for Business Schools
Average MBA Online Tuition for 25 Least Expensive Schools
- California State University, Bakersfield - $7,176.00
- Indiana University Southeast - $7,458.00
- Indiana University South Bend - $7,458.00
- Indiana University Northwest - $7,458.00
- McNeese State University - $8,879.00
- University of Central Oklahoma - $9,068.00
- Columbus State University - $9,087.00
- Savannah State University - $9,180.00
- Southern Utah University - $9,212.00
- Tennessee State University - $9,452.00
- Georgia Southern University - $9,824.00
- University of Idaho - $9,912.00
- New Mexico State University - $10,314.00
- Augusta University - $10,590.00
- University of Louisiana at Monroe - $10,800.00
- Northern Arizona University - $11,004.00
- University of Houston-Victoria - $11,030.00
- University of Central Arkansas - $11,239.00
- Brooklyn College of the City University of New York - $11,521.00
- Stephen F. Austin State University - $11,630.00
- North Carolina Central University - $11,978.00
- California State University, East Bay - $12,036.00
- Mississippi State University - $12,294.00
- Purdue University Northwest - $12,350.00
- Purdue University Calumet - $12,350.00
Average MBA Online Tuition for 25 Most Expensive Schools
- Duke University - $157,546.00
- University of Southern California - $154,339.00
- Emory University - $151,689.00
- University of Virginia-Darden - $151,200.00
- Carnegie Mellon University - $147,456.00
- Rice University - $139,081.00
- The University of Michigan - $137,056.00
- Miami University - $136,342.00
- Washington University in St. Louis - $134,020.00
- Johns Hopkins University - $133,000.00
- Georgetown University - $124,814.00
- Boston University - $124,248.00
- Pace University - $116,744.00
- Tulane University - $116,040.00
- Texas Christian University - $115,380.00
- The George Washington University - $113,090.00
- Rochester Institute of Technology - $108,352.00
- The University of Tampa - $107,114.00
- The Ohio State University - $106,123.00
- Pepperdine University - $104,333.00
- Northeastern University - $102,582.00
- The University of North Carolina at Chapel Hill - $102,314.00
- Southern Methodist University - $100,541.00
- Fordham University - $99,497.00
- University of Maryland - $98,865.00
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Rebecca Smith-Allen solved business problems across a variety of industries as a McKinsey consultant before discovering her true passion was writing. Now, Rebecca brings together her love of drafting clear, concise, and persuasive text with her business background as a freelance writer. She focuses on content management, website content, and boosting message visibility via social media. Rebecca earned her B.A. in Economics from Wellesley College and her MBA from the Tuck School of Business at Dartmouth. In her spare time, Rebecca writes young adult speculative fiction.