In most MBA programs, school-based scholarships do not require any additional applications; rather, students are assessed based on their application for the available need-based, merit-based, or industry-based criteria.
In this analysis of scholarships offered at top MBA programs, we cover scholarships at:
Fellowships are funded by individuals, corporations, and foundations. It is destined for both 1st and 2nd-year students, where second-year students benefit from adding their academic criterion.
Fellowships can be open to all or can be restricted to students from a particular region, industry, or diversity.
Comparing tuition and fees, for California residents, the cost increased from $67,424 in 2022-23 to $69,814 in 2023-24 (a 3.54% increase), and further to $73,160 in 2024-25 (a 4.79% increase).
Tuition Fee (Inflation)(California Residents): Low
The Kellogg MBA program tuition costs rose from $76,368 in 2022-23 to $81,015 in 2023-24, and then to $83,610 in 2024-25, representing an increase of 6.08% from 2022-23 to 2023-24, and 3.20% from 2023-24 to 2024-25, signifying a slight decline in the rate of increase of tuition fee.
The average increase per year was 4.5% when you consider the 3-year timeframe.
Tuition Fee (Inflation): Low
The combined tuition and student fees have increased by 1.9% in 2023, from $82,996 in 2022 to $84,606 in 2023, whereas this rate slightly escalated to a 2.7% increase in 2024, reaching $86,956.
Tuition Fee Inflation (MIT): Low
Housing costs have been fluctuating since they first decreased by 27% in 2023, from $17,100 in 2022 to $12,380 in 2023, and then further increased by 30% in 2024, reaching $16,200 which is still less than that of 2022 Housing cost.
Housing Inflation (MIT): Low
Tuition fees for the Wharton MBA have seen fluctuations which first increased from $82,874 in to $85,370 in 2023 and finally decreased to $84,830. However, over the three years, the tuition has increased by 2.3% - a much lower hike compared to other M7 schools.
The highest increase was seen in the University fees which after remaining stagnant at $2,000 for 2022 and 2023, doubled to $4,670 in 2024. Similarly, Housing and Board costs saw a 16% increase from 2022 to 2023 which further increased by only 6% in 2024.
The total cost has increased for all three years.
The London Business School (LBS) MBA program tuition fees have seen a notable increase in the first year, rising from $117,575 in 2022-23 to $142,788 in 2023-24, a 21.45% increase. Then, there was a modest increase in the second year, to $146,389 in 2024-25, marking a 2.52% rise from the previous year.
Tuition Fee Inflation (Total): 24% (3-year trend)
Housing costs have also escalated sharply, increasing by 30.99% from $12,617 in 2022-23 to $16,530 in 2023-24 and then by 29.41% to $21,385 in 2024-25.
The Cornell MBA program's tuition fees show a steady increase over the years, starting at $76,690 in 2022-23 and rising to $79,910 in 2023-24, followed by $83,106 in 2024-25, indicating a 4.18% increase from 2022-23 to 2023-24 and a 3.99% rise from 2023-24 to 2024-25.
Mandatory Fees: A mandatory fee of $2,019 was charged in 2022-23, whereas in 2023-24 and 2024-25, student activity fees of $85 and $110, respectively, were charged.
The INSEAD MBA program's cost structure has shown significant changes over the three academic years from 2022-23 to 2024-25, both in Fontainebleau (France) and Singapore.
Tuition fees for both campuses have increased steadily.
In Fontainebleau, tuition rose from €91,225 ($92,813) in 2022-23 to €97,000 ($108,106) in 2023-24, marking a 6.34% increase, and further to €99,500 ($108,273) in 2024-25, a 2.58% rise. In Singapore, tuition followed the same pattern with identical percentage increases.
Duke Fuqua MBA Program’s tuition costs have risen from $71,750 in 2022-23 to $75,000 in 2023-24, marking a 4.53% increase, and further to $77,925 in 2024-25, representing a 3.90% rise from the previous year - a marginal decline in the rate of increase in the tuition fees.
The estimated medical insurance and other fees have also seen an upward trend, increasing from $7,547 in 2022-23 to $7,693 in 2023-24, which is a 1.93% rise, and further to $8,005 in 2024-25, reflecting a 4.06% increase from the previous year.
