The cost of an MBA varies widely by the format and the reputation of the school. The tuition for some of the top full-time MBA programs such as Wharton and Stanford is in the range of $60-70,000 per year. Note that these are just tuition costs and with other expenses added in, the cost can rise to just over $100,000 a year. Some of the top executive MBA programs such as Wharton, Kellogg and Columbia cost just below $200,000. This price usually includes everything including two years of tuition, books, supplies and hotel rooms for those that travel from out-of-town. The only thing typically not included is airfare and train tickets if these are needed expenses.
There are less expensive options out there including general online programs and physician executive MBA (PEMBA) programs. One of the highest ranked general online programs is run by the Keenan-Flagler School of business at the UNC Chapel Hill. The complete program costs around $100,000 dollars. UMass Amherst has an online program which is jointly sponsored with other organizations including the American Association for Physician Leadership and the Radiology Leadership Institute of the American College of Radiology that can be completed completely online and costs between $20,000-30,000 for the entire program. The Kelley School of Business of Indiana University has an online program that costs around $60,000 for the entire program. Kelley also has a PEMBA program that costs around $60-70,000 dollars plus travel expenses for the entire two year program. The University of Tennessee has a PEMBA program that can be completed in one year and costs around $77,000 dollars plus travel expenses. Other reasonably priced PEMBA programs include Auburn which costs around $65,000 plus travel expenses and UT Dallas, which costs around $50,000 plus travel expenses.is in
These are just a sampling of the prices for the various MBA formats and representative schools. Every physician is in a unique financial situation and has their own career goals and should decide what they feel comfortable spending before taking the MBA plunge.
There are less expensive options out there including general online programs and physician executive MBA (PEMBA) programs. One of the highest ranked general online programs is run by the Keenan-Flagler School of business at the UNC Chapel Hill. The complete program costs around $100,000 dollars. UMass Amherst has an online program which is jointly sponsored with other organizations including the American Association for Physician Leadership and the Radiology Leadership Institute of the American College of Radiology that can be completed completely online and costs between $20,000-30,000 for the entire program. The Kelley School of Business of Indiana University has an online program that costs around $60,000 for the entire program. Kelley also has a PEMBA program that costs around $60-70,000 dollars plus travel expenses for the entire two year program. The University of Tennessee has a PEMBA program that can be completed in one year and costs around $77,000 dollars plus travel expenses. Other reasonably priced PEMBA programs include Auburn which costs around $65,000 plus travel expenses and UT Dallas, which costs around $50,000 plus travel expenses.is in
These are just a sampling of the prices for the various MBA formats and representative schools. Every physician is in a unique financial situation and has their own career goals and should decide what they feel comfortable spending before taking the MBA plunge.
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