Cost is a big factor as you consider where you will earn your MBA. At UW–Madison, the numbers are clearly in your favor. The Wisconsin MBA consistently ranks high for return on investment among full-time MBA programs in the nation due to low tuition and fees, moderate living expenses, and low salary-to-debt ratio—average salary upon graduation compared with student debt.

The program consistently ranks as having one of the most affordable tuitions among top business schools in the United States.

Melanie McEwen

“I can be at Wisconsin and gain the skills that I came here to get, and then go home and be able to take care of my family without having to worry about how I am going to pay my way through school. The financial support has a deeper meaning than just dollars and cents; for me, it’s more personal than it is financial.”

—Melanie McEwen, MBA

Tuition, Fees, and Expenses

The following costs apply to the 2019–20 academic year. The cost of attendance is based on a nine-month period.

Item Resident Tuition Nonresident Tuition[1]
Tuition[2] $21,166.00 $42,704.00
Segregated fees[3] 1,452.00 1,452.00
Program fee[4] 400 400
Books and supplies[5] 1,150 1,150
Room and board[5] 12,974 12,974
Miscellaneous[5] 5,231 5,231
Computer[6] 1,500 1,500
Travel7] 3,500 3,500
Yearly Total[5] $47,373[8] $68,9118]
  1. Minnesota residents may be eligible for reduced tuition as participants in the Minnesota–Wisconsin reciprocity agreement. See details below.
  2. Tuition rates vary from year to year, and are determined by the The University of Wisconsin System Board of Regents, based on budgets approved by the Wisconsin governor and legislature. Tuition is reviewed and set annually in August. For more information about tuition rates, please visit the Bursar's Office website.
  3. Segregated fees are charges assessed to all students for student services, activities, programs, and facilities that support the mission of University of Wisconsin System institutions, including UW Madison. The segregated fee rate is updated each summer by the UW Board of Regents.
  4. Program fee is a one-time fee that applies to first-year MBA students only.
  5. Estimated expenses are provided by the University of Wisconsin–Madison Office of Student Financial Aid. The miscellaneous amount includes an allowance for health insurance, separate from your general health care costs. Individual plan cost may vary.
  6. Estimated one-time cost if the student purchases a new computer. See computer requirements below for details.
  7. Estimated travel expenses for the optional MBA Global Course offered during winter break each year.
  8. Estimated yearly cost before financial aid is applied.

Additional Details about Costs

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  • Residency for Tuition Purposes

    Wisconsin residency for tuition purposes is determined prior to enrollment and remains constant for the duration of your program. Students who attended a Wisconsin high school and whose parents are residents of the state for the 12 months prior to enrollment may be considered a resident of the state for tuition purposes, even if the student does not currently live in the state. Exemptions also apply for candidates whose spouses transferred to the state for employment purposes and for members of the military currently stationed in Wisconsin on active duty. More information regarding residency for tuition purposes is available from the Office of the Registrar.

  • Minnesota–Wisconsin Reciprocity Agreement

    Minnesota residents may be eligible for reduced tuition as participants in the Minnesota–Wisconsin reciprocity agreement. Students certified under this agreement, although classified as nonresidents, are assessed the comparable instructional fees in effect at the University of Minnesota–Twin Cities campus, plus the segregated fees assessed all UW–Madison graduate students. Contact the Minnesota Higher Education Services Office for a reciprocity application.

  • Computer Requirement

    The Wisconsin School of Business requires all graduate students to have access to their own personal computers, which should be equipped with the Windows Operating System and appropriate software. To meet this requirement, all first-year MBA students who apply and qualify for financial aid based on their FAFSA application automatically have an additional $1,500 included in their cost of attendance calculation to allow for the purchase of a computer. Computer hardware and software specifications are included in the newly admitted student guide. For additional information, please visit the Wisconsin School of Business Tech Store page.

  • Global Course

    The Wisconsin MBA program offers an annual global course for first- and second-year MBA students. This course includes travel to an international destination during the winter break. Students interested in this course should budget $2,500–$3,000 for travel expenses. Students may take this course in both years if they choose.

  • Student Health Insurance

    As a UW–Madison student, you have the option to purchase health insurance through University Health Services. There are plans for student only, student plus one, and student plus family. International students are required to purchase health insurance through the Student Health Insurance Plan (SHIP). Other options for U.S. citizens and permanent residents would be through the health insurance marketplace. Costs vary based on plan.

  • Student Jobs at the Wisconsin School of Business

    Many academic and administrative offices hire MBA students to work on departmental projects or assist with MBA recruiting. These positions will be communicated to all MBA students as early as August. Any student can apply and be considered for an hourly work assignment.

  • UW-Madison Student Job Center

    The UW Student Job Center lists part-time, limited-term employment (LTE), graduate assistant, and summer job openings at the University of Wisconsin–Madison and in the private and public sectors. Many students work part time to help offset the costs of their graduate education.

  • Joint JD/MBA Degree Students

    Students who are pursuing the joint JD/MBA degree will pay the combined Law Business Masters tuition during the time they are enrolled as full-time MBA students in the Wisconsin School of Business. For more information on the cost of tuition and segregated fees, please visit the Office of the Registrar.

  • Summer Courses and Internships

    Courses taken during the summer term are charged on a per credit basis plus segregated fees. Resident and Non-resident rates apply. International students on F-1 visas who obtain/participate in a paid internship during the summer term may incur a cost of approximately $2,330 for General Business 750 (1 credit) which is required for Curricular Practical Training (CPT).  For current tuition rates see the Tuition and Fees website. For additional information on CPT contact International Student Services.

Merit-Based Financial Aid

Substantial merit aid further reduces your cost. Generous financial support from our alumni, friends, and the career specializations enables the Wisconsin MBA Program to award several types of merit-based aid each year.

When you apply, you are automatically considered for merit aid. Awards are based on a holistic review of your application strength. We evaluate your work and leadership experience, test score, undergraduate performance, as well as your admissions interview. We do our best to consider all of your qualifications so you can optimize the aid available to you.

For the best consideration for financial aid, please apply by the priority deadline.

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  • Wisconsin Distinguished Graduate Fellowship

    Each year, the Wisconsin School of Business has a select number of Distinguished Fellowships for exceptional students who demonstrate leadership potential, as well as a strong admission profile in areas such as work experience, test score, undergraduate performance, and the admissions interview. These awards provide an estimated $19,000 stipend paid out over nine months, in addition to a one-year full-tuition award and health insurance.

  • Dean’s Fellowship

    Dean’s Fellowships are for outstanding students who support the mission of the University of Wisconsin–Madison and have been leaders at their undergraduate institution, in their careers, or in their community. Students are evaluated for this award based on their total admissions profile, which includes work experience, test scores, undergraduate performance, leadership potential, and the admissions interview. Students will be considered for tuition awards, as well as scholarships.

  • Wisconsin School of Business Alumni Fellowship

    Alumni Fellowships are provided through the generous support of our Business Badgers and UW–Madison alumni. Students are evaluated for this award based on their total admissions profile, which includes work experience, test scores, undergraduate performance, leadership potential, and the admissions interview. Students will be considered for tuition awards, as well as scholarships.

  • Together Forward Scholarship

    Students who demonstrate strong academic skills and leadership abilities are considered for Together Forward Scholarships ranging from $1,000 to $10,000 per academic year. Scholarships will be awarded for specific terms ranging from one to four semesters.

  • Women in Business Award of Excellence

    Students who demonstrate leadership and a commitment to helping women advance in business and as community leaders will be considered for the Women in Business Award of Excellence. Students will be considered for tuition awards, as well as scholarships.

  • Global Leadership Award

    Students’ prior global experiences are valued and add enrichment to the Wisconsin MBA Program. Students who demonstrate global leadership experiences will be considered for tuition awards, as well as scholarships.

  • Forté Fellowship

    Forté’s mission is to increase gender equity in business. As a Forté sponsor school, Wisconsin is committed to developing female business leaders. Forté Fellows receive financial support through scholarships or other merit aid for each of their two years as a full-time MBA student.

  • Outstanding Leadership Award

    We value leaders in our community and will recognize leaders who give back to their communities. Students who demonstrate leadership, community involvement, and academic excellence will be considered for this fellowship. Students will be considered for tuition awards, as well as scholarships.

  • ROMBA Fellowship

    Students who are a part of/supportive of the LGBTQI community and allies will be considered for scholarships. The Wisconsin School of Business is committed to creating a diverse and inclusive community and will award scholarships to students who can demonstrate their support and commitment to fostering an inclusive environment. Students will be considered for tuition awards, as well as scholarships.

  • Military MBA Scholarship

    U.S. Military service members, including both veterans and those in active duty, will be considered for tuition awards, as well as scholarships. Students are evaluated based on the strength of their application, along with their leadership experience.

  • The Consortium for Graduate Study in Management Fellowship

    The mission of The Consortium for Graduate Study in Management is to increase the representation of African Americans, Native Americans, and Hispanic Americans in education and business. Consortium fellowships are provided by the Wisconsin Full-Time MBA Program and include tuition award and a scholarship for the duration of the MBA program.

Need-Based Financial Aid

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  • Loans and Work Study

    To be considered for both loans and work study, students must first submit the Free Application for Federal Student Aid (FAFSA) to the University of Wisconsin–Madison by including our school code 003895. Only U.S. citizens and eligible non-citizens may apply.

    The Office of Student Financial Aid will review your FAFSA and determine the types and amounts of financial aid that you are eligible for. Eligible graduate students can receive the Unsubsidized Federal Direct Loan and sometimes Federal Work Study. If you need funding above and beyond what is offered to you, you can also apply for a GradPLUS Loan or other private loans.

    Though there is no official deadline for applying for financial aid, we’d encourage you to submit the application as early as possible so that you do not experience any delays in disbursement of those funds.

    Please contact the Office of Student Financial Aid with any questions.

  • International Student Funding Options

    International students are not eligible for federal student loans and should look to other options in their home country to assist with covering costs. Information about funding options is available from International Student Services at the University of Wisconsin–Madison.

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