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21.07.2014 10:32
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Private Business Schools Mike Evans Jersey With the Highest Price Tags

MBA hopefuls dreaming of attending a top ranked business school better start saving.

Tuition and fees at Harvard Business School, tied for No. 1, topped $63,200 for the 2012 2013 school year. Stanford University, tied for No. 1, charged $57,300 and the Wharton School at the University of Pennsylvania, No. 3, had a price tag of more than $62,000 during the same time frame.

All three schools are among the 10 most expensive private business schools. In fact, eight of the top 10 business schools appear on this list. Average tuition and fees at these pricey b schools was just shy of $59,000 for 2012 2013, an increase of roughly $6,150 from 2010, according to data reported by 45 ranked private business schools.

[Discover ways to pay for your MBA.]

Price didn't deter applicants, though. Harvard, Stanford and Wharton received more full time applications in fall 2012 than any other business schools. Columbia University, the Kellogg School of Management at Northwestern University, the Ben Gardner Kids Jersey Sloan School of Management at Massachusetts Institute of Technology and the Booth School of Business at University of Chicago all among the highest priced private programs also made the list of 10 b schools that received the most applications.

High tuition can also translate to high student loan debt. Five of the 10 most expensive private MBA programs also landed among the 10 MBA programs that lead to the most debt.

Graduates from full time programs at Sloan and Kellogg carried average debt loads of $100,212 and $88,740, respectively, in 2012. Johnson Graduate School of Management at Cornell appeared on both lists, as well.

[Read how student loan interest changes affect grad students.]

Attending a quality business school even a private one does not need to break the bank, though. Brigham Young University's Marriott School of Management, No. 30, is the least expensive private business school in the country, with tuition and fees of $21,900 for 2012 2013. Students who belong to the Church of Jesus Christ of Latter day Saints paid just $10,950. News surveyed 448 schools for our 2012 survey of business programs. News's data the most accurate and detailed collection of college facts and figures of its kind. 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. 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. News's rankings of Best Colleges or Best Graduate Schools. The tuition data above are correct as of Aug. 27, 2013.

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