Tuition & Expenses

Information about the tuition and expenses associated with the Penn State Smeal MBA.

As a land-grant institution, Penn State offers competitive tuition and is recognized as a top business school in return on investment. According to Forbes' 2013 rankings, a Smeal MBA pays for itself within 3.5 years, and a 2014 Bloomberg report ranked the Smeal MBA program second in return on investment, stating that Smeal MBAs received "close to half what they invested in business school the first year after graduation." Additionally, the U.S. News & World Report found that the Smeal MBA has "one of the highest salary and bonus-to-debt ratio[s] for the Class of 2015" at 3.1-to-1. With the majority of our students receiving fellowships and scholarships, the Penn State Smeal MBA is an even better investment. 

Below are estimated tuition expenses for the current academic year for the Penn State Smeal MBA Program. Estimated housing expenses are based upon on-campus graduate housing fees, which may be lower than off-campus options.

Estimated Expenses for the 2017-18 Academic Year
Expenses Pennsylvania Residents Out-of-State Residents
Tuition $25,430 $40,874
Fees $948 $948
Orientation Fees $170 $170
Communications Course $30 $30
Room, Board, & Personal (estimated) $17,400 $17,400
Laptop Computer $1,300 - $2,200 $1,300 - $2,200
Books & Supplies $2,200 - $2,500 $2,200 - $2,500
Global Immersion (second-year only) $2,000 $2,000
Health Insurance (required for international students)

$659.20 for MBA Fellows

$3,296 for Non-MBA Fellows

$659.20 for MBA Fellows

$3,296 for Non-MBA Fellows

Student Association Memberships

(While optional, student association memberships are highly recommended, as these opportunities will serve you well during your time in the MBA program and beyond.

MBA Association - $300 (Lifetime Membership)

Other Student Associations - $30 to $50 per association

Source: Penn State Tuition and Fees Schedules