Over the course of three academic years, the Columbia MBA program has seen a steady increase in expenses across various categories.
Tuition Fee: Inflation (Moderate to High)
Starting with tuition, it increased from $80,472 in 2022-23 to $84,496 in 2023-24, marking a 5% rise. This trend continued into 2024-25, with tuition reaching $88,300, a 4.5% increase from the previous year and an overall increase of 9.7% over two years.
Mandatory fees also experienced a significant surge, rising from $4,103 in 2022-23 to $5,633 in 2023-24, which represents a substantial 37.3% increase. In 2024-25, these fees increased more modestly to $5,857, reflecting a 4% rise from the previous year.
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Health Insurance: Inflation (Low)
The cost of health insurance fluctuated, starting at $5,497 in 2022-23, decreasing to $4,541 in 2023-24 (a 17.4% drop), but then rising again to $4,955 in 2024-25, a 9% increase from the previous year.
Books and Supplies: Inflation (High)
Books and supplies remained constant at $320 for the first two years but saw a significant spike in 2024-25, rising to $1,250, a 290% increase from the prior year.
Food and Housing: Inflation (Moderate to High)
The cost of food and housing remained stable at $24,822 from 2022-24 but increased to $27,396 in 2024-25, representing a 10.4% jump.
Personal Expenses: Inflation (Low)
Interestingly, personal expenses decreased, remaining steady at $6,246 for the first two years but dropping to $4,500 in 2024-25, marking a 28% decline.
Overall, the total first-year budget rose from $121,460 in 2022-23 to $126,058 in 2023-24 (a 3.8% increase) and then to $132,258 in 2024-25, representing a 4.9% increase.
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| Expenses | Columbia MBA 2022-23 | Columbia MBA 2023-24 | Columbia MBA 2024-25 |
| Tuition | $80,472 | $84,496 | $88,300 |
| Mandatory Fees | $4,103 | $5,633 | $5,857 |
| Health Insurance | $5,497 | $4,541 | $4,955 |
| Books & Supplies | $320 | $320 | $1,250 |
| Food & Housing | $24,822 | $24,822 | $27,396 |
| Personal Expenses | $6,246 | $6,246 | $4,500 |
| Total First-Year Budget | $121,460 | $126,058 | $132,258 |
