It is very important to us that the Wisconsin MBA is the right fit for you and will help you reach your career goals. Before applying, please be sure to read about our career specializations, our uniquely applied curriculum, and the extensive resources that the Wisconsin MBA provides.

  • Tuition
  • Financial Aid
  • Scholarships, Fellowships & Assistantships
  • Tuition & Financial Aid FAQs

Applicable for 2015-2016 academic year. Business Graduate School cost of attendance is based on a nine-month period. 

Tuition, Fees, and Expenses

2015-2016 Academic Year


Tuition, Fees,
Expenses
Tuition
Resident
Tuition
Non-Resident
Minnesota Resident
Tuition* $14,476 $29,293 $29,293
Segregated Fees** $1,142 $1,142 $1,142
Program Fees $400 $400 $400
Estimated expenses provided by Financial Aid
Books & Supplies $1,200 $1,200 $1,200
Room and Board $9,990 $9,990 $9,990
Miscellaneous $4,905 $4,905 $4,905
Computer*** $1,500 $1,500 $1,500
Travel $800 $800 $800
Yearly Total $34,413 $49,230 $49,230
*Tuition prices vary from year to year. The University of Wisconsin Board of Regents reviews and sets tuition prices annually in June.

**Segregated Fee rate is updated each summer pending decision by UW Board of Regents.

***See Computer Requirement details below.

Residency for Tuition Purposes

Wisconsin residency for tuition purposes is determined prior to enrollment and remains constant for the duration of your program. Students who attended a Wisconsin high school and whose parents are residents of the state for the 12 months prior to enrollment may be considered a resident of the state for tuition purposes, even if the student does not currently live in the state. Exemptions also apply for candidates whose spouses transferred to the state for employment purposes and for members of the military currently stationed in Wisconsin on active duty. More information regarding residency for tuition purposes is available from the Office of the Registrar.

Minnesota-Wisconsin Reciprocity Agreement

Minnesota residents may be eligible for reduced tuition as participants in the Minnesota–Wisconsin reciprocity agreement. Students certified under this agreement, although classified as nonresidents, are assessed the comparable instructional fees in effect at the University of Minnesota–Twin Cities campus, plus the segregated fees assessed all UW–Madison graduate students. Contact the Minnesota Higher Education Services Office for a reciprocity application.

Computer Requirement

The Wisconsin School of Business requires all master's students to own or have access to their own personal computer. To meet this requirement, U.S. citizens and permanent residents who apply for needs-based student loans through the Office of Student Financial Services will receive an additional $3,000 one-time computer purchase adjustment in their budget via an unsubsidized loan only. Computer hardware and software specifications for interfacing with Wisconsin School of Business and UW-Madison technology are communicated upon admission.

UW-Madison Job Center

The UW Student Job Center lists part-time, limited-term employment (LTE), graduate assistant, and summer job openings at the University of Wisconsin–Madison and in the private and public sectors. Many students work part time to help offset the costs of their graduate education.

Loans and Work Study

To be considered for both loans and work study, students must first submit the Free Application for Federal Student Aid (FAFSA) to the University of Wisconsin–Madison by including our school code 003895. Only U.S. citizens and eligible non-citizens may apply.

The Office of Student Financial Aid will review your FAFSA and determine the types and amounts of financial aid that you are eligible for. Eligible graduate students can receive the Unsubsidized Federal Direct Loan and sometimes Federal Work Study. If you need funding above and beyond what is offered to you, you can also apply for a GradPLUS Loan or other private loans.

Though there is no official deadline for applying for financial aid, we’d encourage you to submit the application as early as possible so that you do not experience any delays in disbursement of those funds.

Please contact the Office of Student Financial Aid with any questions.

International Student Funding Options

International students are not eligible for federal student loans and should look to other options in their home country to assist with covering costs. Information about funding options is available from International Student Services at the University of Wisconsin–Madison.

All candidates who apply to the program will be considered for scholarships and fellowships.

The Wisconsin MBA awards several different types of merit-based aid each year.  These awards are made based on an individual’s combination of standardized test scores, undergraduate performance, and career experience.  Additional criteria may be used for evaluation when necessary.  Award categories include:

Fellowships

Wisconsin Distinguished Graduate Fellowships (WDGF)

These awards provide an estimated $19,000 stipend paid out over nine months, in addition to full tuition remission and full health insurance for the student. There are no work requirements associated with fellowship awards.

Consortium for Graduate Study in Management Fellowships

The mission of The Consortium for Graduate Study in Management is to increase the representation of African Americans, Native Americans, and Hispanic Americans in education and business. Consortium fellowships are provided by the Wisconsin Full-Time MBA Program and include, at a minimum, full tuition and fees for the duration of the MBA program. More details can be found here.

Assistantships

Project assistants (PAs) and teaching assistants (TAs) are required to work 13 hours per week or more to receive merit-based financial assistance in the form of tuition remission, health insurance, and a stipend. Stipend values vary based on the number of hours worked and experience level. Most PA and TA appointments are made at the time of admission for either a one-year or two-year commitment. Awards are made based on the merits and qualifications of the candidate. Needs may change during the academic year, and departments may post assistantships throughout the year.

Project Assistantships

Project assistantships, awarded to some admitted applicants, provide an estimated $10,000 stipend paid out over nine months, in addition to full tuition remission and full health insurance for the student. These awards require a 13-hour work commitment per week. Project assistants may work in the MBA Program Office, other departments within the Wisconsin School of Business, or elsewhere on campus.

All admitted Arts Administration applicants will receive a PA merit package.  For additional information, contact The Bolz Center at bolz@bus.wisc.edu.

Teaching Assistantships

These awards provide an estimated $10,000 stipend paid out over nine months, in addition to full tuition remission and full health insurance for the student. Teaching assistantships require a 13–20 hour work commitment per week.

Scholarships

These awards can range from $500-$10,000 and are paid in equal installments over the four semesters of enrollment.

How much can I expect to pay for tuition and living expenses?

Learn more about the program’s tuition and living expenses by clicking on the Tuition tab.

Does the Wisconsin School of Business offer need-based financial assistance?

No. All assistance offered through the Wisconsin School of Business is based on merit. U.S. citizens and permanent residents whose personal and family resources are not adequate to cover tuition and living expenses are eligible for loans through the U.S. government. The Office of Student Financial Aid at the University of Wisconsin–Madison offers information about need-based financial aid for graduate students.

What kind of financial aid is available for domestic and international students?

Merit-based financial aid is available to domestic and international applicants in the form of scholarships, fellowships, project assistantships, and teaching assistantships. All candidates who apply to the program will be considered for scholarships, assistantships, and fellowships. Awards are made on the merits of the candidate and their application materials.

What percentage of students receive financial aid?

Thanks to the generosity of our alumni and donors, the Wisconsin MBA has historically been able to offer more than 80 percent of all students some merit-based aid in the form of scholarships, fellowships, or assistantships.

What percentage of international students receive merit-based aid?

Historically, more 50 percent of all international students have received merit-based aid.

How do I apply for merit-based financial aid?

As merit-based financial aid is based on the competitive nature of a prospective student’s application, all applicants are automatically considered for merit-based financial aid during the review process. You are not required to complete an additional application. Financial aid awards come in the form of scholarships, fellowships, and graduate assistantships. Apply early for your best chance of receiving merit-based financial aid, as this type of aid is limited. 

When will I receive a decision regarding merit-based aid?

Applicants will receive decisions about most scholarships, fellowships, and assistantships with their letter of admission. However, since project assistantships and teaching assistantships are based on the changing needs of the various departments, these appointments may be offered throughout the year.

How do I apply for a student loan?

To be considered for both loans and work study, students must first submit the Free Application for Federal Student Aid (FAFSA) to the University of Wisconsin–Madison by including our school code 003895. Only U.S. citizens and eligible non-citizens may apply.

The Office of Student Financial Aid will review your FAFSA and determine the types and amounts of financial aid that you are eligible for. Eligible graduate students can receive the Unsubsidized Federal Direct Loan and sometimes Federal Work Study. If you need funding above and beyond what is offered to you, you can also apply for a GradPLUS Loan or other private loans.

Though there is no official deadline for applying for financial aid, we’d encourage you to submit the application as early as possible so that you do not experience any delays in disbursement of those funds.

Please contact the Office of Student Financial Aid with any questions.

International students are not eligible for federal student loans and should look to other options in their home country to assist with covering costs. Information about funding options is available from International Student Services at the University of Wisconsin–Madison.

Will the School of Business co-sign a private loan?

No. Neither the Wisconsin School of Business nor the University of Wisconsin–Madison will co-sign a private loan.

Do many students receive a teaching assistantship during their first year?

A limited number of incoming MBA students are awarded teaching assistantships. More often, TA positions are typically filled by doctoral candidates or second-year MBA students who have demonstrated competency in the course in question.

Will I receive in-state tuition during my second year if I paid nonresident tuition for my first year?

No. Residency for tuition purposes is determined upon admission and remains constant throughout your program. The Office of the Registrar for the University of Wisconsin–Madison offers information on residency status in Wisconsin.