Master of Business Administration (MBA) Best Colleges 2023 Tuition Comparison and 2024 Estimation

This page introduces the best Master of Business Administration (MBA) colleges. University of Chicago ranks first in Master of Business Administration (MBA) program ranking and Northwestern University is placed in second.
Master of Business Administration (MBA) Best Schools

Academic Comparison Between Best Master Of Business Administration (MBA) Colleges

1 public and 9 private schools rank in the top 10 Master of Business Administration (MBA) colleges. The schools' average acceptance rate is 7.10% where Harvard University has the tightest (lowest) acceptance rate of 3.00% and University of Michigan-Ann Arbor has the highest rate of 18.00%. Total 261,070 students are enrolled in the best Master of Business Administration (MBA) schools where New York University has the largest population with 58,226 students and Dartmouth College is the smallest school with 6,761 students.
The average graduation rate is 94.80% and the average students to faculty ratio is 6.50:1 at those colleges.
The following table shows and compares the academic information and key facts of the best Master of Business Administration (MBA) colleges. The acceptance rate, SAT score, population, and the students to faculty ratio are for the academic year 2022-2023. The graduation rate is based on the academic year 2021-2022.
Table. 2023 Best Colleges in Master Of Business Administration (MBA) Program
RankNameAcceptance RateSAT ScoreGraduation RatePopulationStudent-Faculty Ratio
1University of Chicago
Chicago, IL
5.00%1,54096%18,8325 to 1
1Northwestern University
Evanston, IL
7.00%1,53095%23,4096 to 1
1University of Pennsylvania
Philadelphia, PA
7.00%1,54096%28,0386 to 1
4Massachusetts Institute of Technology
Cambridge, MA
4.00%1,56096%11,9343 to 1
5Harvard University
Cambridge, MA
3.00%1,55097%31,3457 to 1
6Dartmouth College
Hanover, NH
6.00%1,55094%6,7617 to 1
7Stanford University
Stanford, CA
4.00%1,55096%17,6805 to 1
8University of Michigan-Ann Arbor
Ann Arbor, MI
18.00%1,47094%50,27812 to 1
9Yale University
New Haven, CT
5.00%1,54097%14,5676 to 1
10New York University
New York, NY
12.00%1,53087%58,2268 to 1
Average7.10% 1,53694.80%261,070 (Total)6.50 to 1

Best Master Of Business Administration (mba) Colleges 2023 Tuition Comparison and 2024 Estimated Costs

The following table lists and compares 2022-2023 tuition & fees between the best master of business administration (mba) colleges. The 2022-2023 costs are officially published by NCES, National Center for Education Statistics.
The estimated costs for the academic year 2023-2024 are estimated based on each school's rate of tuition change from 2022 to 2023.
For the undergraduate programs, the average tuition & fees of the best master of business administration (mba) colleges is $60,325 where University of Chicago has the most expensive costs at $64,260 and University of Michigan-Ann Arbor has the lowest amount of tuition at $55,334.
The average graduate tuition & fees of the best master of business administration (mba) colleges is $53,573 where University of Chicago has the highest tuition with $66,492 and New York University has the lowest amount of graduate school tuition with $39,592.
UndergraduateGraduate
Table. Best Master Of Business Administration (mba) Colleges 2023 Tuition Comparison and 2024 Estimation
RankSchool Name 2023 Tuition & Fees2024 Estimated Tuition & Fees
In-StateOut-of-StateIn-StateOut-of-State
1University of Chicago $64,260$67,735
1Northwestern University $63,468$66,288
1University of Pennsylvania $63,452$65,243
4Massachusetts Institute of Technology $57,986$60,174
5Harvard University $57,261$58,985
6Dartmouth College $62,658$64,735
7Stanford University $58,416$60,753
8University of Michigan-Ann Arbor $16,736$55,334 $16,291 $55,572
9Yale University $62,250$64,638
10New York University $58,168$59,885
Average$16,736$60,325$16,291$62,401
Table. Best Master Of Business Administration (mba) Colleges 2023 Graduate School Tuition Comparison and 2024 Estimation
RankSchool Name 2023 Tuition & Fees2024 Estimated Tuition & Fees
In-StateOut-of-StateIn-StateOut-of-State
1University of Chicago $66,492$69,150
1Northwestern University $53,024$49,703
1University of Pennsylvania $44,162$45,427
4Massachusetts Institute of Technology $61,075$63,258
5Harvard University $53,760$55,398
6Dartmouth College $61,056$62,882
7Stanford University $57,210$59,497
8University of Michigan-Ann Arbor $26,226$52,456 $26,226$27,261
9Yale University $46,900$48,132
10New York University $39,592$41,028
Average$26,226$53,573$27,261$54,900