MBA Program Description
Full-Time MBA or Day MBA students complete 57 credit hours over two years. Students traditionally attend a total of 4 semesters (Fall, Winter, Fall, Winter) to earn 57 credits towards their degree. Dual-degree programs on average take 3 years to complete both programs.
MBA Tuition Cost for 2022-2023
|Michigan Resident||$34,098 per Semester or $68,196 for Academic Year|
|Non -Resident||$36,598 per Semester or $73,196 for Academic Year|
Full time enrollment is 9+ credits per semester.
The 2022 – 2023 tuition rates were approved by the University of Michigan Board of Regents in June 2022. 2023 – 2024 tuition rates and cost of attendance budget will be available July 2023.
For information on current tuition and fee rates, please visit the Office of the Registrar website.
MBA Cost of Attendance Budget for 2022-2023
|Estimated Cost:||Michigan Resident||Non-Resident|
|Books and Supplies*||$1,788||$1,788|
|Food and Housing||$17,780||$17,780|
|Personal Misc. Expenses (including Health Care Insurance)||$6,626||$6,626|
|Federal Loan Fees||$224||$224|
|Estimated Cost of Attendance Total||$94,946||$99,946|
Fall 2021 and Winter 2022 Tuition Breakdown Cost Sheet:
*All estimated figures besides Books and Supplies are estimated to be the same for MBA1 and MBA2. MBA2 estimated Books and Supplies cost will be $546 less than MBA1 figures for the 2022-2023 academic year.
A student’s financial aid is awarded based on the above standard estimated Cost of Attendance budget. Students may borrow up to the Cost of Attendance budget; less other aid (such as scholarships and department aid) to cover other budget expenses.
NOTE: Students enrolled less than 9 credits will be subject to a budget adjustment. Financial Aid will identify the students that are less than 9 credits after the University’s first initial Add/Drop date of the semester, and adjust student’s Cost of Attendance to match that of actual tuition charge on account, which may result in a reduction of awarded aid. To learn more about the University’s Add/Drop date, visit the Registrar’s website and click on “Calendars”> checkbox “Registration Deadlines”> select an “Academic Term” and hit Submit to view the University’s registration deadlines.
The University of Michigan bills all students for tuition and registration fees. Housing is billed only if the student lives in University of Michigan housing. International students are billed for International Health Insurance (part of personal expenses) each month and an additional international student service fee of $500 per semester.
Sometimes the standard estimated Cost of Attendance does not realistically meet a student’s actual expenses. Student’s that are in need of additional aid beyond the standard estimated Cost of Attendance budget, may want to seek a Budget Re-Evaluation.
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. 5000 LS&A Building, South State St. Ann Arbor, MI 48109-1382 Phone: (734) 764-1400 500 Fax: (734) 615-2432
Multidisciplinary Action Projects (MAP)
All first year full time MBA students (MBA1) will participate in MAP during their second 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 all full time MBA1 students participating in MAP in Winter 2023, an estimated “MAP Ross Placeholder” of $2,456 will show on the financial aid award. This is to record the cost covered by the MAP company sponsors. All MBA1 Cost of Attendance budgets are also increased by $2,456 to accommodate this placeholder, and to not impact aid and 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.
Please contact Ross Financial Aid if you have any questions regarding this process. Be sure to include your UMID number in all correspondence with our office.
Dual Degree MBA Students
There are more than 20 established dual degree programs available to Michigan Ross students. Most dual programs require a three-term enrollment at Michigan Ross and three terms with your dual program.
Contact Ross Graduate Academic Advising for more information on dual degrees, and keep in contact with Ross Financial Aid during your dual degree studies at the University of Michigan.
The Ross Financial Aid office processes general financial aid for all Ross dual programs with the exception of Law and Medical. Dual Law and Medical students should contact their Law and Medical financial aid offices for assistance. Ross Financial Aid will post Ross scholarships awarded to dual degree students (including Law and Medical dual students).
The Ross School of Business Office of Financial Aid is a satellite office of the University of Michigan Office of Financial Aid.