November 20, 2009, Newsletter Issue #192: The Financial Savings Of Taking An MBA Degree Online

Tip of the Week

According to the National Center for Education Statistics, the projected number of student enrollments in degree granting institutions (in the United States), including programs to earn an MBA online, was estimated to be 13.4 million in 2006. That's a lot of people interested in obtaining an mba degree. Are you interested in becoming a full or part-time mba student? If so, you may be wondering about costs. Below is a comparison of tuition costs (including approximated living expenses, student health coverage, etc.). These are the estimated total costs, for the year 2007 – 2008, for students attending regular mba classes. Knock anywhere from $12,000 to $15,000 off of these estimates, and you’ll have a rough idea of what it’ll cost you for your first year of online mba studies:

WHARTON MBA ADMISSIONS: Tuition and fees are $42,180  the total estimated cost for first-year students is $66,171

COLUMBIA MBA ADMISSONS: Tuition and other fees for first year students $73,464

HARVARD MBA ADMISSIONS: Tuition and other fees for first year students $73,300

Remember, this is just a sample of the tuition costs and living fees you’d be paying if you were to take traditional classes. Working towards an mba degree online, could end up saving you money.

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