Executive MBA

Tuition and Financial Aid

The Executive MBA Program is a major investment of both your time and resources. There are a variety of financial aid options available for qualified executive MBA students. Chicago Booth offers three loan programs to US citizens and US permanent residents only. Scholarships from Chicago Booth are not available to executive MBA students. We encourage you to carefully consider this investment and discuss your financing options with our Financial Aid Office.

The tuition and fees for the program cover:

  • Full tuition for the duration of the program (21 months)
  • All books and course materials
  • Many snacks or meals during class days
  • Hotel accommodations for residential sessions not held at your home campus (except for North America; see below for details)

Air travel to Chicago, London, and/or Hong Kong is not included.

2014 Costs

The tuition costs for the class starting June 2014 are detailed below.

  • Europe - The program fees cover tuition, all books and course materials, some meals, and hotel accommodations for two residential weeks in Chicago and one residential week in Hong Kong. Program fees: £92,000
  • Asia - The program fees cover tuition, all books and course materials, some meals, and hotel accommodations for two residential weeks in Chicago and one residential week in London. Program fees: HKD 1,175,000 (USD 151,500)
  • North America - The program fees cover tuition, all books and course materials, some meals, and hotel accommodations for three residential weeks in Chicago, one residential week in London, and one residential week in Hong Kong. Program fees: USD 168,000

Payment

Admitted students are required to submit a nonrefundable advance tuition fee in order to secure a seat in the class. Tuition is billed quarterly in equal amounts for seven quarters (the program's duration). This fee is applied toward the first quarter's tuition.

Financial Aid

Student loans for US Citizens and US Permanent Residents

There are three loan programs available to executive MBA students.

Federal Direct Stafford Loan - The Federal Direct Stafford loan is available to US citizens and US permanent residents who enroll in two or more courses each quarter. The Stafford loan, which is not credit-based, carries a fixed interest rate of 6.8 percent and an annual borrowing limit of $20,500.

Federal Direct GradPLUS Loan - The Federal Direct GradPLUS loan is available to US citizens and US permanent residents who enroll in two or more courses each quarter. The Federal Direct GradPLUS loan is a credit-based federal loan that can be used to supplement the Federal Direct Stafford loan. The interest rate is fixed at 7.9 percent and there is a 4 percent origination fee. Students can borrow up to the full cost of attendance (set by the financial aid office) minus all other financial assistance.

Private, credit-based alternative loan – All students can apply for a private, credit-based alternative loan. Students can borrow up to the full cost of attendance (set by the financial aid office) minus all other financial assistance. The terms of private loans are set by the lender.

Loan Programs for Non-US Citizens/Non-US Permanent Residents

Chicago Booth does not have a loan program for non-US citizens/non-US permanent residents.  We encourage students to learn more about funding sources in their home countries. Please note that this list is not official or comprehensive and that these sources are not affiliated with Chicago Booth.

Contact Information

For additional information on financial aid, please contact Chicago Booth Office of Admissions and Financial Aid, located in Chicago, at +1 773.702.3964.