The U.S. News Short List, separate from our overall rankings, is a regular series that magnifies individual data points in hopes of providing students and parents a way to find which undergraduate or graduate programs excel or have room to grow in specific areas. Be sure to explore The Short List: College and The Short List: Grad School to find data that matters to you in your college or grad school search.
Business school can cost so much that some entrepreneurs who hold MBAs are recommending that aspiring business owners skip pursuing a graduate business degree altogether.
One way to cut costs is to study at a public business school, but MBA students who elect to attend a private school have to pay a premium. At the 46 private business schools that reported data on annual tuition and required fees for 2011-2012 to U.S. News, full-time students paid an average of $44,066 per year. The average for students at the 51 public schools that reported tuition and fee data was much lower: $22,136 for in-state students and $34,101 for out-of-state students.
[Check out the 10 lowest-priced private b-schools.]
Harvard Business School, which topped the list of most expensive private business schools both for 2011-2012 and 2010-2011, charged $60,610 in annual tuition and required fees for 2011-2012. The University of Chicago's Booth School of Business was one of the schools to shift its placement on the list, dropping from No. 6 last year to No. 8 on this year's list, with a cost of $54,252 per year.
In addition to minor movements on the top 10 list, there were several significant developments. Every school on the list raised the cost of tuition and fees by at least a few thousand dollars for 2011-2012, with Dartmouth College's Tuck School of Business increasing its total cost by more than $5,500. That was enough to move Tuck up four slots from the eighth most expensive last year to No. 4 this year.
Cornell University's Johnson Graduate School of Management, which was No. 10 on last year's list, is not among the 10 most expensive schools this year, though Babson College's Olin Graduate School of Business, which wasn't expensive enough to make last year's list, is No. 7 this year. Overall, students paid an average of $56,059 to attend one of the 10 most expensive private business schools in 2011-2012.
Truman State University's School of Business, which reported no tuition and fees, was excluded from this analysis, as were private schools that provided tuition and fees data to U.S. News based on per-credit hour costs or overall costs for the entire length of the program, rather than yearly cost of tuition and fees. Also, business schools that were designated by U.S. News as Unranked were not considered for this report. U.S. News does not calculate a numerical ranking for Unranked programs, which do not meet certain criteria that U.S. News requires to be numerically ranked.
Below are the 10 private business schools that charged the most per year in tuition and fees for 2011-2012:
Don't see your school in the top 10? Access the U.S. News Business School Compass to find data on tuition, fees, and much more.
U.S. News surveyed more than 400 schools for our 2011 survey of business programs. Schools self-reported a myriad of data regarding their academic programs and the makeup of their student body, among other areas, making U.S. News's data the most accurate and detailed collection of college facts and figures of its kind. While U.S. News uses much of this survey data to rank schools for our annual Best Business Schools rankings, the data can also be useful when examined on a smaller scale. U.S. News will now produce lists of data, separate from the overall rankings, meant to provide students and parents a means to find which schools excel, or have room to grow, in specific areas that are important to them. While the data come from the schools themselves, these lists are not related to, and have no influence over, U.S. News's rankings of Best Colleges or Best Graduate Schools.
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