Business school costs a lot of money. Period.
But when you're factoring in the cost of business school, it's not the tuition alone—which costs more than $60,000 an average—that you have to consider.
You also have to think about everything from the cost of health insurance to books, a computer, and other supplies. Then there are the hidden fees that you probably don't factor in, like loan fees, transportation, business attire, and networking costs (taking people out to lunch, attending conferences, and more).
Add in the cost of living (which can be quite high in a city like New York), and you've got yourself a lot of debt.
We looked at each school's total cost estimate for the first year of business school—most of which assume that students are living a very modest lifestyle. We didn't even include extras like study abroad costs—which are popular add-ons in business school—or miscellaneous fees like club dues. Schools that provided tuition costs for the entire duration of the program were excluded.
We found that the cost of tuition pales in comparison to the total cost of these MBA programs—in fact, the true cost of a MBA is often double the cost of tuition.
#11 McDonough School of Business, Georgetown
Tuition: $53,600
Room & Board: $20,100
Health Insurance: $2,325
Books, Supplies, Computer: $2,620
Miscellaneous Fees (including program fees, clothing, transportation, loan fees, networking costs): $2,580
Total: $81,225
#10 Yale School of Management
Tuition: $57,200
Room & Board: $14,800
Health Insurance: $2,000
Books, Supplies, Computer: $2,005
Miscellaneous Fees (including program fees, clothing, transportation, loan fees, networking costs): $8,000
Total: $84,005
#9 Kellogg, Northwestern University
Tuition: $59,085
Room & Board: $15,711
Health Insurance: $3,067
Books, Supplies, Computer: $2,847
Miscellaneous Fees (including program fees, clothing, transportation, loan fees, networking costs): $6,480
Total: $87,190
#8 MIT Sloan School of Management
Tuition: $58,200
Room & Board: $18,757
Health Insurance: $1,848
Books, Supplies, Computer: $4,046
Miscellaneous Fees (including program fees, clothing, transportation, loan fees, networking costs): $6,098
Total: $88,949
#7 Harvard Business School
Tuition: $56,175
Room & Board: $24,852
Health Insurance: $3,148
Miscellaneous Fees (including program fees, computer, clothing, transportation, loan fees, networking costs, books & supplies): $7,025
Total: $91,200
#6 Chicago Booth, University of Chicago
Tuition: $58,760
Room & Board: $18,900
Health Insurance: $3,021
Books, Supplies, Computer: $3,900
Miscellaneous Fees (including program fees, clothing, transportation, loan fees, networking costs): $7,403
Total: $91,984
#5 Tuck School of Business, Dartmouth
Tuition: $58,935
Room & Board: $14,210
Health Insurance: $2,187
Books, Supplies, Computer: $2,915
Miscellaneous Fees (including program fees, clothing, transportation, loan fees, networking costs): $14,071
Total: $92,318
#4 Columbia Business School
Peter Jacobs/Business Insider
Tuition: $60,720
Room & Board: $20,700
Health Insurance: $3,149
Books, Supplies, Computer: $900
Miscellaneous Fees (including program fees, clothing, transportation, loan fees, networking costs): $7,819
Total: $93,288
#3 Stanford Graduate School of Business
Tuition: $59,550
Room & Board: $24,087
Health Insurance & Health Fees: $4,491
Books, Supplies, Computer: $2,232
Miscellaneous Fees (including program fees, clothing, transportation, loan fees, networking costs): $3,506
Total: $93,866
#2 Wharton, University of Pennsylvania
Tuition: $64,828
Room & Board: $22,495
Health Insurance: $3,430
Books, Supplies, Computer: $2,000
Miscellaneous Fees (including program fees, clothing, transportation, loan fees, networking costs): $4,327
Total: $97,080
#1 NYU Stern
Tuition: $61,274
Room & Board: $25,986
Books, Supplies: $1,980
Miscellaneous Fees (including program fees, clothing, transportation, loan fees, networking costs): $9,546
Total: $98,786
Which schools are really worth the cost?
Mike Nudelman / Business Insider
Check Out The World's Best Business Schools >
Read more: http://www.businessinsider.com/most-expensive-business-schools-2013-7?op=1#ixzz2ZsLw0DDP
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