Cost of an MBA at NYU Stern: Tuition & Fees

Pursuing an MBA is a big financial decision, and understanding the costs involved is important before applying.

New York University’s Stern School of Business is one of the top MBA programs in the world, but it comes with a significant price tag.

This article breaks down the tuition, fees, and other expenses for the 2024-2025 academic year so you can plan your finances accordingly.

NYU Stern MBA Cost of Attendance for 2024-2025

The total cost of an MBA at NYU Stern includes tuition, mandatory fees, and living expenses.

For the 2024-2025 academic year, the estimated budget for a first-year MBA student is $131,818.

Below is a detailed breakdown of these costs.

How Much Is Tuition for an MBA at NYU Stern?

Tuition is the biggest expense for MBA students at NYU Stern. For the 2024-2025 academic year, the tuition cost is $86,916.

This covers the cost of classes, academic resources, and access to Stern’s facilities.

Unlike some schools that charge per credit, Stern’s tuition is a flat fee for the full academic year.

What Additional Fees Do MBA Students Pay at NYU Stern?

Besides tuition, students must pay mandatory fees.

The LAUNCH orientation fee is $1,960, which covers program materials and activities for new students.

Health insurance is another required cost and it is priced at $4,346 per year.

There is also a small loan fee of $216 for students who borrow federal loans.

These fees add up to $6,522 on top of tuition.

What Are the Living Expenses for an MBA Student at NYU Stern?

Living in New York City is expensive, and students must budget carefully.

Room and board are estimated at $23,588 for the academic year.

Food costs around $6,450, while transportation expenses are about $2,342.

Miscellaneous personal expenses, including entertainment and clothing, add another $4,500.

Books and supplies cost approximately $1,500. In total, living expenses come to $38,380.

Does NYU Stern Offer Financial Aid or Scholarships?

NYU Stern provides several financial aid options to help students manage costs.

Merit-based scholarships are available, and some students receive partial or full tuition coverage.

Federal and private loans are also common ways to finance an MBA.

The school encourages applicants to fill out the FAFSA to qualify for need-based aid.

Additionally, many students secure internships and part-time jobs to offset expenses.

How Does NYU Stern’s MBA Cost Compare to Other Top Business Schools?

NYU Stern’s MBA program is among the most expensive, but it is comparable to other top-tier schools.

For example, Harvard Business School’s tuition is slightly higher at around $92,000 per year.

Columbia Business School’s tuition is similar to Stern’s, but living costs in Manhattan are high for both.

When comparing costs, students should also consider career outcomes, alumni networks, and scholarship opportunities.

Planning for an MBA at NYU Stern requires careful financial preparation.

Tuition, fees, and living expenses add up quickly, but scholarships, loans, and part-time work can help.

Understanding these costs will help you make an informed decision about your MBA journey.