Tuition and Fees
Broad MBAs are not only highly sought after by corporate employers, but they are also wise investors.
In 2006, Business Week ranked the Broad MBA a “Best Buy.” As a “best buy,” the Broad MBA was recognized for providing one of the quickest paybacks relative to a student's total investment. According to Business Week, on average, Broad MBAs earn a 110% increase on their pre-MBA salary and receive a 38% return on investment with a payback in 4.3 years.
Tuition
Below are the estimated expenses for the 2008-2009 academic year. The Broad MBA Program follows a block tuition structure that allows students to register for up to 17 credits per semester. The block tuition structure was implemented to provide additional curriculum flexibility for our students; the structure gives students the option to pursue additional business electives or electives in other fields of interest without having to pay for extra credits.
When budgeting, please consider that your actual expenses may differ from those listed below. Students spending habits vary – this budget could be more or less depending on your lifestyle choices. For example, prudent shoppers may save money when purchasing a laptop computer. Still other students may wish to live on-campus in graduate housing, where living costs will vary from an off-campus apartment with a roommate.
2008-2009 MBA Program Student Budget (9-month academic year)
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In-State Residency
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Out-of-State Residency
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International (Out of State Residency)
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Tuition, Fees, and Student Taxes
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$20,469 |
$29,183 |
$29,233 |
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Housing, utilites, and food
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$ 9,720
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$ 9,720
|
$ 9,720
|
|
Books and supplies
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$ 1,312
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$ 1,312
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$ 1,312
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|
Transportation
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$ 4,158
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$ 4,158
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$ 4,158
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|
Health insurance for student only
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$ 1,442
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$ 1,442
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$ 1,442
|
|
Laptop computer (year 1 only expense)
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$ 1,700
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$ 1,700
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$ 1,700
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Total Budget
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$38,801 |
$47,515 |
$47,565 |
Notes to 2008-2009 MBA Program Budget:
In-state residency tuition is $19,955. Out-of-state residency is $28,710. Fees include energy charge ($228), student voted taxes ($31 total; FM radio station tax, COGS – graduate student tax, and State News tax), and international student registration fee ($50; international students only). These figures are pending MSU Board of Trustees approval (expected no later than July 2008).
The housing estimate is based on double-occupancy accommodations in off-campus housing.
Health Insurance is optional for all domestic students and U.S. permanent residents. Health Insurance is mandatory for all international students. This budget item is an estimate of 2008-09 costs (for reference: 2007-08 costs are $1,393 for domestic students and $1,224 for international students). Please note: student health insurance for spouses and families with children is available at an additional cost. Please contact MSU Human Resources for more information on student health insurance.
All students must have a laptop computer. Domestic students may file a special conditional application with the Office of Financial Aid. This application is for a one-time cost of attendance increase for federal student loans. Please contact the MSU Office of Financial Aid for more information.
The MSU Board of Trustees will establish 2009-2010 tuition and fees in July 2009
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