The Top 10 MBA Programs in the United States

The top 10 MBA programs in the United States are ranked by US News and World Report each year and while the same schools often place near the top, the order does frequently change from year to year. The following are the rankings of the best programs in the United States from 2010. Each school’s tuition is listed at the 2009-2010 cost for a full-time student. Choosing the right school requires research about the program, but looking into the top universities can be a great place for potential MBA candidates to start.

1. Harvard University’s Business School tied with Stanford University for the top program in 2010. Harvard costs $46,150 per year.
2. Stanford University’s Graduate School of Business tied with Harvard for the top program in 2010. Stanford costs $51,321 per year.

3. Massachusetts Institute of Technology’s (MIT) Sloan School of Management costs $48,650 per year.

4. Northwestern University’s Kellogg School of Management costs $49,074 per year.

5. University of Chicago’s Booth School of Business costs $49,020 per year.

6. University of Pennsylvania’s Wharton Business School costs $46,600 per year.

7. Dartmouth College’s Tuck School of Business tied with the University of California Berkeley on the list of top MBA programs. Dartmouth costs $47,835 per year.

8. University of California Berkeley’s Haas School of Business tied with Dartmouth College on the list. In-state tuition is $36,472 per year, making it the best value on the list for California residents. Out-of-state tuition is $45,672 per year.

9. Columbia University’s Columbia Business School tied with New York University and costs $49,728 per year.

10. New York University’s Stern School of Business tied with Columbia University and costs $43,100 per year.

The Average Cost of MBA Programs in the United States

Earning a Masters in Business Administration can be an important step in your career. For professionals in business, finance or other related fields, it can be a step towards significant career advancement. Earning an advanced degree can also be a serious investment that often requires significant planning and budgeting to make it a reality.

An MBA program has its straightforward costs, such as tuition, but it has other costs as well. You will not typically be able to work full-time during an MBA program and must consider the loss of income during the time period as part of the cost.

The average cost of an MBA program in the United States is between $40,000 and $60,000 per year and the standard program is two years. Many schools help students to budget actual costs by laying out not only the cost of tuition, but the cost of supplementary materials as well. For example, Harvard Business School costs $48,600 in tuition each year along with an addition $4,650 program support fee that covers textbooks and web-based program materials.

The majority of people entering business school have some work experience. This will be helpful in guiding them towards the right program and giving them support as they make decisions to advance their career within a company or look for a new job. Some employers will be able to provide financial assistance to employees whose careers warrant the investment in an advanced degree.

Working professionals may want to consider programs that cater to people with full-time jobs that cannot afford to take the time off to complete a degree full time. Another alternative is to look into accelerated programs that focus on a heavy course load in a shorter period of time to help shorten the period of time when students must go without a full salary.

Making the decision to go to business school is an important decision and an investment in your future career and potential earnings. Depending on your projected career path, earning the degree is an investment that stands to quickly pay for itself.

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