The most affordable of all the top 50 MBA programs in the U.S.: Purdue Krannert, where two years of graduate business education will cost you around $65,000. Purdue photo
The most affordable MBA is Purdue University’s Krannert School of Management, where a two-year degree can be had for the low, low price of $65,592. That’s an estimate based on Purdue’s annual tuition at just $19,766 annually and its “cost of living” — room, board, books, and miscellaneous expenses, but not, critically, fees — at a mere $13,030 per year.
Altogether, Purdue and the next four schools down the list make up a key group: the only five schools out of 50 with a total two-year cost of under $100,000. After the Krannert School, Brigham Young University takes second place, with a total cost of $69,572, but also with a big asterisk: the Marriott School of Business’ annual tuition of $13,450, lowest on record for the top 50, is available only to members of the Mormon church. There are no such restrictions, however, at the next most-affordable MBA programs: the University of Texas-Dallas Jindal School of Management ($89,000), the University of Florida’s Hough Graduate School of Business ($95,620), and the University of Pittsburgh Katz Graduate School of Business ($99,950). (Non-LDS members pay a two-year MBA tuition of $52,240, according to BYU Marriott’s website, bringing its total two-year cost to $94,912 — still third place on the Most Affordable list.)
Acceptance rates are fairly high at all four: 49.4% at Purdue, 52.7% at BYU, 35.1% at Texas-Dallas, 18.8% at Florida, and 34.0% at Pittsburgh Katz. That averages out to 38%.
Only three schools ranked by P&Q in the top 25 find their way into the “bottom” 20 for cost: No. 24 Rice University Jones Graduate School of Business is eighth overall at $116,530; No. 25 Indiana University Kelley School of Business is 16th overall at $137,910; and No. 18 Texas-Austin McCombs School of Business is 20th, at $146,908.
| School & P&Q Rank | 2-Year Tuition | 2-Year Room & Board | 2-Year Total | Average Indebtedness (Class of 2018) | Percentage With Debt (Class of 2018) |
|---|---|---|---|---|---|
| 38. Purdue (Krannert) | $39,532 | $26,060 | $65,592 | $63,261 | 45% |
| 34. BYU (Marriott)* | $26,900 | $42,672 | $69,572 | NA | NA |
| 45. Texas-Dallas (Jindal) | $57,000 | $32,000 | $89,000 | $28,106 | 32% |
| 47. Florida (Hough) | $60,260 | $35,360 | $95,620 | $37,035 | 48% |
| 44. Pittsburgh (Katz) | $63,916 | $36,034 | $99,950 | NA | NA |
| 43. Georgia (Terry) | $64,224 | $43,748 | $107,972 | $36,603 | 40% |
| 33. Wisconsin | $77,554 | $37,236 | $114,790 | $25,737 | 25% |
| 27. Georgia Tech (Scheller) | $80,360 | $37,472 | $117,832 | NA | NA |
| 46. Texas A&M (Mays) | $76,606 | $46,076 | $122,682 | NA | NA |
| 39. Rochester (Simon) | $92,000 | $35,530 | $127,530 | $40,864 | 72% |
| 32. Penn State (Smeal) | $84,936 | $43,900 | $128,836 | $40,122 | 27% |
| 30. Minnesota (Carlson) | $99,888 | $34,000 | $133,888 | $58,165 | 48% |
| 31. Arizona State (Carey) | $94,396 | $39,656 | $134,052 | $30,217 | 40% |
| 41. SMU (Cox) | $91,950 | $42,970 | $134,920 | NA | NA |
| 25. Indiana (Kelley) | $99,910 | $38,000 | $137,910 | $57,079 | 92% |
| 36. Ohio State (Fisher) | $105,248 | $34,768 | $140,016 | $49,781 | 39% |
| 35. Michigan State (Broad) | $100,880 | $42,800 | $143,680 | $51,988 | 47% |
| 50. Rutgers | $93,480 | $53,000 | $146,480 | NA | NA |
| 18. Texas-Austin (McCombs) | $108,788 | $38,120 | $146,908 | $84,043 | 47% |
| 42. Boston (Questrom) | $107,988 | $39,038 | $147,026 | NA | 44% |
| 48. Boston College (Carroll) | $102,400 | $46,670 | $149,070 | $63,081 | 45% |
| 49. UC-Davis | $99,370 | $50,016 | $149,386 | $67,972 | 37% |
| 29. Notre Dame (Mendoza) | $108,240 | $41,300 | $149,540 | $64,529 | 54% |
| 21. Washington (Foster) | $100,092 | $60,992 | $161,084 | $28,968 | 45% |
No comments:
Post a Comment