Executive MBA Program Description
The Executive MBA (EMBA) is a 21-month program, with Cohorts meeting in Ann Arbor and Los Angeles. Students attend 5 consecutive semesters (Fall, Winter, Spring/Summer, Fall and Winter) and complete 47.5 credit hours to earn their degree.
Executive MBA Tuition Cost
Ann Arbor and Los Angeles students pay the same tuition. Tuition rate will be based on student’s entering Cohort Group and charged the same rate for all 5 semesters.
|Michigan Resident||Non – Resident|
|Cohort 29 – starting Fall 2022||$34,700 per Semester||$35,700 per Semester|
|Cohort 30 – starting Fall 2023||$35,700 per Semester||$36,700 per Semester|
Tuition for the Michigan Ross EMBA Program covers:
- All tuition for courses, workshops, special speakers, and events
- Textbooks and course materials, software, and communications needs
- All accommodations and meals; including breakfasts, lunches, dinners, snacks/coffee breaks, and occasional group dining excursions if organized by the EMBA Program.
All accommodations and meals are covered for the duration of extended on-campus residencies. In addition, international and/or domestic travel required for the EMBA MAP project course is covered by sponsoring organizations and/or the EMBA Program. Note that tuition does not cover student’s monthly travel expenses. EMBA students are required to pay for all transportation to and from Ann Arbor and/or Los Angeles. If you are traveling from outside the region, you may be eligible (depending on distance traveled) to stay in EMBA Program facilities on the Saturday night after classes.
The Cohort 29 tuition rates were approved by the University of Michigan Board of Regents in June 2022. The Cohort 30 tuition rates were approved by the University of Michigan Board of Regents in June 2023. Each entering Cohort will have their tuition rates known in July prior to the start of their entering term.
For information on current tuition and fee rates, please visit the Office of the Registrar website.
EMBA Estimated Other Academic Costs (outside of tuition)
In addition to tuition cost, EMBA students may borrow educational loans against the following approved budget items. These budget items are listed for loan purposes only and will not be charges to the student. Students are able to borrow up to the estimated Cost of Attendance (cohort tuition + approved budget items). If a student elects to borrow more than the cost of tuition, they will receive a refund that they may use towards other estimated personal expenses.
|Food and Housing||$9,352 per semester|
|Misc. Personal Expenses (including Health Insurance)||$3,410 per semester|
|Estimated Cost of Attendance Total:||$12,762 per semester|
The above estimated Cost of Attendance (COA) budget was finalized by the University of Michigan Board of Regents in June 2023. The estimated 2024 – 2025 Cost of Attendance (COA) budget will be available July 2024.
Loan borrowing information
When students are looking to borrow loans to assist in the cost of tuition with or without the COA living/education expenses, they may be completing up to three (3) loan applications based on the type of loans and when the loans are needed for.
For students attending a program and registered in terms during different academic years, financial aid would be requested and awarded accordingly. Financial aid can be requested for an academic year but awarding would be per either a traditional or non-traditional term. Fall and Winter loan can be combined or separate but are considered a traditional term and would be certified as such. The Spring/Summer loan is considered a non-traditional term and any loans would need to be applied separately from Fall/Winter and would be certified as such by our Loan department.
Loan information on what options students may have are listed on our Loan page.
Terms, type of term, within which academic year for 2023-2026 terms:
|Term(s):||Type of term:||Academic Year:|
|Fall 2023 and Winter 2024||Traditional term(s)||2023-2024 academic year|
|Spring/Summer 2024||Non-traditional term||2023-2024 academic year|
|Fall 2024 and Winter 2025||Traditional term(s)||2024-2025 academic year|
|Spring/Summer 2025||Non-traditional term||2024-2025 academic year|
|Fall 2025 and Winter 2026||Traditional term(s)||2025-2026 academic year|
EMBA Veterans Information
For the EMBA Veteran students that plan to use their Chapter 33 benefits to pay for tuition, please review the VA EMBA Information Cost Sheets to understand your out of pocket expense against the EMBA Tuition structure. The out of pocket expense is updated each July for the upcoming academic year for each cohort.
For utilizing any VA benefits, a student will want to visit the U of M Veteran and Military Services website that will help guide you in regards to the process for using VA benefits. Questions can be directed to Alex Margraves at firstname.lastname@example.org. Be sure to include your UMID number in all correspondence.
VA EMBA 2023 – 2024 Information Cost Sheet:
- VA EMBA Cohort 29 – Ann Arbor campus – Non-Academic Cost Sheet
- VA EMBA Cohort 29 – Los Angeles campus – Non-Academic Cost Sheet
- VA EMBA Cohort 30 – Ann Arbor campus – Non-Academic Cost Sheet
- VA EMBA Cohort 30 – Los Angeles campus – Non-Academic Cost Sheet
Employer support information
While some EMBA students are sponsored in full or in part by their employers, financial sponsorship is not a requirement for admission. Sponsored students are those students that are registered and require Student Financial Services to bill an outside sponsor for tuition and fees while they attend the University of Michigan. Student Financial Services will process deferred third-party billing of tuition and fees to businesses, governments, agencies and organizations desiring to sponsor a student at the University of Michigan.
UM Student Financial Services – Sponsored Account Team Information
- Phone: 734-764-7447
- Fax: 734-647-0061
- Email: email@example.com
- Website: finance.umich.edu/finops/student/sponsoredstudents
Employer Support with a Tuition Reimbursement coverage
A student’s employer that will covered tuition in full or partial as a tuition reimbursement after grades are released, they will want to explore the Ross Short Term Reimbursement Loan. This is a 3% loan that you apply for prior to the start of the semester. The loan funds would be used to pay towards only tuition prior to the term ending and grades being released for reimbursement. The loan would be due 2 months after the end of the borrowing semester.
Employer support with the enrollment deposit
Please notify the EMBA Program Office at firstname.lastname@example.org or 734-647-3400 if your organization will be paying the non-refundable enrollment deposit and cannot use the University’s online credit card process.
Students who believe their residency status should be In-state (Michigan Resident) and not Out-of-state (Non-Resident), will want to contact the Residency Classification Office. Phone: (734) 764-1400 Email: email@example.com
Multidisciplinary Action Projects (MAP)
All EMBA students will participate in MAP during their fourth semester.
There is no cost to the student for participating in MAP. On behalf of the student, the participating MAP company sponsors will cover all MAP related expenses. To account for the cost of MAP covered by the company sponsors, and as per federal regulations, this support must be reported against the student’s account.
What this means to you and your financial aid:
For Cohort 29 EMBA students participating in MAP in Fall 2023, an estimated “MAP EMBA Placeholder” of $1,766 will show on the financial aid award. This is to record the cost covered by MAP company sponsors. All EMBA Cost of Attendance budgets are also increased by $1,766 to accommodate this placeholder, and to not impact aid/loan borrowing eligibility. Therefore, the budget increase and the corresponding placeholder cancel each other out and create an equal balance of expenses and payments against the student’s account. The MAP placeholder will not reduce, refund or disburse against the student’s account / tuition cost.
For EMBA – Cohort 29, the MAP EMBA placeholder and budget offset for Fall 2023 will be $1,766. The MAP placeholder will not reduce, refund or disburse against the student’s account / tuition cost.
Please contact Ross Financial Aid if you have any questions regarding financial aid or other questions. Be sure to include your UMID number in all correspondence with our office.
The Ross School of Business Office of Financial Aid is a satellite office of the University of Michigan Office of Financial Aid.