A typical fulltime program at a top business school can cost upwards of $150k for the two years you are in school. Add in the opportunity costs of lost salary and you're close to being $400k in the hole.
Consider: Harvard Business School reports its latest student budget is approximately $40k for tuition with rent and other living expenses totaling about $30k per year. After two years, MBA grads are looking at $140k of debt! If pre-business school total compensation was $110k per year (for example), then the opportunity cost of attending classes is $220k of lost compensation. $140 + $220 = a whole lot of money!
Besides just the financial costs of attending business school, there are numerous other costs you should consider. Please explore the resources on this page to understand these costs and to help you plan for financing your MBA education. |