Tuition and Financial Awards
Getting your MBA is a long-term investment with high returns for your future.
As a business-minded person, you want to know that you’re getting the best ROI possible. Earning a Baylor MBA is a long-term investment with life-long returns that begin more quickly than you might think. Historically, more than 90 percent of our early-career MBA graduates secure jobs with an average starting salary of $78,000+ within 90 days of graduation. But we know the first step toward financially investing in your future is often the hardest, and that’s why we assist the majority of our Full-Time MBA candidates with some measure of financial support.
The tuition for the Full-Time MBA is the same structure and rate for all students who enroll. There is no difference in tuition based on being an in-state applicant, a Baylor undergrad or an international applicant. The tuition is based on a flat-rate structure for each semester for which a student is registered full-time.
Tuition and Fees 2023-2024
|Flat MBA Semester Tuition Rate: Fall and Spring Semesters**||$27,422|
|Graduate Program Fee - covers MBA program activities||$200|
|Estimated Total Semester Cost||$27,622|
**Summer tuition is a per-hour rate of $1,518/hr.
|MBA Career Development Courses (incl. two courses)||$2,000|
|Lab Fees (pertains to only some courses)||$50|
|Books (yearly estimate)||$1,300|
|International Immersion Trip (estimated one-time cost)||$3,500|
Estimated Tuition Cost Per Semester
Factoring a Program Average 65% Scholarship
|Estimated MBA Tuition Cost/Semester - after tuition remission of 65% applied||$9,598|
Financing Your MBA
Financial assistance for an MBA degree comes in a variety of forms, including tuition scholarships, grants, loans, and work-study opportunities.
MBA Tuition Scholarships
- Tuition Scholarships offered by the Business School range from 25-100% tuition remission.
- The criteria for being awarded a scholarship is based on work experience, GMAT/GRE score, academic record and overall strength of your application.
- There are no additional steps applicants need to take to be considered for a scholarship. All admitted students are automatically considered for a scholarship.
- International students are considered for scholarships on the same basis as domestic students.
No additional application is needed to apply for a scholarship. If you are admitted, the Business School will notify you if you have been awarded a scholarship offer alongside your acceptance notification. Priority for Tuition Scholarships is given to early applicants.
Dual Degree MBA/MSIS and MBA/MSBA Tuition Scholarships
MBA applicants who also apply for the MSIS or MSBA as part of a dual degree program are considered for scholarships awarded separately by each program. Dual degree applicants who are awarded scholarships from both programs can expect different scholarship amounts.
- MBA and MSIS scholarships range from 25%-100% tuition remission. MBA and MSIS scholarships are not automatic and any amount awarded will be based on the applicant’s overall competitiveness.
- All MSBA applicants are awarded a fixed 65% scholarship.
How Dual Degree Scholarships Are Applied
Both the MBA/MSIS and the MBA/MSBA degree plans take two years to complete. If a dual degree student is awarded a scholarship for each program, but the amounts differ, one amount will be applied to the first year of the student’s dual degree program and the second amount would be applied in the second year.
For example, a dual MBA/MSBA student who receives a 50% MBA scholarship and the fixed 65% MSBA scholarship would have the 50% scholarship applied in year one and the 65% scholarship applied in year two.
Tuition for the MBA degree, as well as dual degrees MBA/MSIS and MBA/MSBA, is charged at a flat rate making the tuition costs consistent from one semester/year to the next.
MBA students admitted into any other dual degree programs outside of the Business School (engineering, law, divinity or social work) will have their MBA scholarship applied to the actual semesters that they’re registered for their Business School classes.
Grants, Loans and Work-Study Opportunities
In addition to program-awarded scholarships, other forms of financial aid are available. Once your application is approved, you may also want to apply for financial aid through Baylor University Student Financial Services. Student Financial Services will work with you to determine your eligibility for grants, loans and work-study programs.
Six Tips for Limiting MBA Debt
Laurie Wilson, the director of Graduate Business Programs at Baylor’s Hankamer School of Business, shares her best tips for making smart financial decisions when determining how to fund your MBA. Making good decisions from the beginning makes for a higher return on your investment in the long run. Read more here.
NOTE: This page is intended to help prospective and admitted students estimate the costs and their expenses associated with enrolling in the program. All information on this page is subject to adjustment. For additional information about cost/expenses, please also refer to Baylor's Student Financial Services. Student employment opportunities can be found on the Student Employment website.