At HBS, we consider getting your MBA a shared investment in your future. Our students meet the annual cost of our MBA program through scholarships, savings, and student loans.
The HBS Cost of Attendance includes both direct and indirect expenses. Direct expenses, tuition and fees, are charged directly to your student bill. Indirect expenses, such as living expenses, are more flexible. This annual cost of attendance assumes a nine (9) month academic year and a moderate student lifestyle. You may receive a combination of need-based scholarships, complementary fellowships, outside scholarships, and student loans, up to the Cost of Attendance for the academic year.
A Shared Investment in Your Future
2022-2023 MBA Student Budget Class 2023 (EC) and Class of 2024 (RC)-9 months
| Single | Married | Married with One Child |
Married with Two Children | |
|---|---|---|---|---|
| Tuition | $73,440 | $73,440 | $73,440 | $73,440 |
| HUHS Student Health Fee (SHF) | $1,304 | $1,304 | $1,304 | $1,304 |
| Student Health Insurance Plan (SHIP) | $4,080 | $4,080 | $4,080 | $4,080 |
| hushp FOR STUDENT SPOUSES/DEPENDENTS | $0 | $8,464 | $12,962 | $15,224 |
| COURSE & Program MATERIALS Fee |
$2,550 | $2,550 | $2,550 | $2,550 |
| Room & Utilities (9 months) | $14,850* ($1,650/mo) |
$23,120** ($2,569/mo) |
$29,700*** ($3,300/mo) |
$29,700 ($3,300/mo) |
| LIVING EXPENSES (9 months) | $16,540 ($1,838/mo) |
$21,350 ($2,372/mo) |
$25,880 ($2,876/mo) |
$31,010 ($3,446/mo) |
| Total | $112,764 | $134,308 | $149,916 | $157,308 |
| Computer (variable; not included in above budgets) |
$1,500 | $1,500 | $1,500 | $1,500 |
*based on average area market rate for 2 bedroom apartment w/roommate
**based on average area market rate for 1 bedroom apartment
***based on average area market rate for 2 bedroom apartment
2021-2022 Cost of Attendance: Class of 2022 and Class of 2023
Please note that eligibility for Federal student aid is based on the single student budget.
Visit the MS/MBA: Engineering Sciences and MS/MBA Biotechnology: Life Sciences Program Admissions & Financial Aid pages for the Cost of Attendance for each program.
IMPORTANT ANNUAL COST OF ATTENDANCE DETAILS
9 Months of Classes, 12 Months of Rent
The academic year is nine months. While HBS dorms have a nine-month lease, off-campus housing often requires a 12-month lease. If you live off campus, or stay for a summer program, you will need to cover the additional three (3) months’ rent, as well as utilities and monthly expenses.
Federal Student Aid
According to Federal regulations, total eligibility for Federal loans is based on the total annual cost of attendance for a single student.
Health Insurance
Health insurance coverage is mandatory. The Annual Cost of Attendance above shows two separate charges for health insurance. The Student Health Fee (SHF) is mandated for all students and may not be waived. However, if you participate in another health insurance plan with comparable coverage to the Student Health Insurance Plan (SHIP), you may waive the SHIP portion of your health fees.
Optional Activities
There are countless opportunities to participate in optional activities during your time at HBS. While the MBA Program Cost of Attendance makes allowances for many of the typical expenses, there is no way to anticipate specific costs for each individual student. It is important to understand that students who get financial aid will need to make choices—or plan additional savings to cover the costs of optional activities.
