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 2014-2015 academic year. Business Graduate School cost of attendance is based on a nine-month period. 

Tuition, Fees, and Expenses

Wisconsin Resident Non-Resident Minnesota Resident
Tuition and Fees* $14,320.40 $27,815.28 $27,815.28
Books and 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
Total $32,715.40 $46,210.28 $46,210.28

*Tuition prices vary from year to year. The University of Wisconsin Board of Regents reviews and sets tuition prices annually in June.

**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. Questions regarding residency for tuition purposes should be directed to the residency counselors in the Office of the Registrar (phone: 608/262-1355, or email: res4tuition@gabriel.acadsvcs.wisc.edu).

Minnesota-Wisconsin Reciprocity Agreement

Minnesota residents may be eligible for reduced tuition as a participant in the Minnesota-Wisconsin reciprocity agreement. Students certified under this agreement, although classified as non-residents, 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

Interested in working to help defray the costs of attendance? The UW Student Job Center lists part-time, limited term employment (LTE), graduate assistant, and summer job openings located at UW-Madison and off-campus in the private and public sectors.

Loans and Work Study

The Office of Student Financial Services (OSFS) assists U.S. citizens and Permanent Residents whose personal and family resources are not adequate to cover the expenses involved in attending the UW-Madison. Eligibility for Federal Work-Study and the Subsidized Stafford Loan is based on financial need as calculated by the OSFS. Students who do not receive the amount they need through either of these programs can apply for the Federal Unsubsidized Stafford Loan. There is no deadline for federal financial aid. However, students should apply as early as possible to assure a timely response by OSFS.

Application for Work-Study and Stafford Loans

Only U.S. citizens and Permanent Residents are eligible. To apply for work-study and/or Federal Stafford Loans (subsidized and unsubsidized), you will need to submit a Free Application for Federal Student Aid (FAFSA) to the federal processor. For more information on the application process, please refer to OSFS.

Global Student Loan

The Global Student Loan Corporation (GSLC) provides an education loan for international students who do not require a U.S. co-signer. The Global Student Loan covers the complete cost of attending school, such as tuition, student fees, books, housing, transportation, and computer costs. To learn more about GSLC, please visit www.globalslc.com.

Private Loans

The MBA Loans Program is a private lender through Sallie Mae.  The MBA Loans Program provides graduate business students with a comprehensive, affordable source of funds designed to meet all of your education financing needs.  To learn more about MBA Loans, please visit the Sallie Mae website.

Stafford Loans

Subsidized: Graduate students may borrow up to $8,500 per year through the Federal Subsidized Stafford Loan to a cumulative maximum of $65,500 for undergraduate and graduate years combined. The interest rate is variable and set annually with a cap of 8.25% for new borrowers. Neither interest nor principal payments begin until the borrower leaves school or is no longer enrolled at least half-time.

Unsubsidized: Graduate students may borrow an additional $12,000 per year through the Federal Unsubsidized Stafford Loan. The interest rate is variable and set annually with a cap of 8.25% for new borrowers. Principal payments do not begin until the borrower leaves school or is no longer enrolled at least half-time. However, the student must choose to either begin interest payments immediately or to defer the interest payments, in which case the interest would accrue while the student is in school.

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:

Scholarships and Fellowships

Wisconsin Distinguished Graduate Fellowships (WDGF)
These awards provide an estimated $18,500 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: As one of the founding schools of the Consortium, the Wisconsin MBA is dedicated to the mission to enhance diversity in business education and leadership by helping reduce the serious underrepresentation of African Americans, Hispanic Americans and Native Americans.  Each year students are awarded Consortium Fellowships by the Wisconsin MBA and invited to participate in the Consortium’s annual summer Orientation Program.

Assistantships

Project assistants (PAs) and teaching assistants (TAs) are required to work 13 hours per week or more to receive a waiver of tuition, 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 on the merits of the candidate and qualifications presented on the Merit-based Financial Assistance Form. Needs may change during the academic year and departments may post assistantships throughout the year. 

Project Assistantships

These awards provide an estimated $9500 stipend paid out over nine-months in addition to full tuition remission and full health insurance for the student. Project Assistantships require a 13-hour work commitment per week. Some admitted applicants may be eligible to receive a PA merit package. For additional information, contact the MBA Program Office at mba@bus.wisc.edu.

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 $9500 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.

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

No. All assistance offered through the 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.

http://finaid.wisc.edu/cost-of-attendance.htm

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 and fellowships. Awards are made on the merits of the candidate and their application materials.

What percentage of students receive financial aid?

Over 70 percent of all students receive some merit-based aid in the form of scholarships, fellowships, or assistantships.

What percentage of international students receive merit-based aid?

Approximately 50 percent of all international students receive merit-based aid.

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?

U.S. citizens or permanent residents who indicate on their Application for Admission that they are interested in applying for loans or work study will automatically receive loan application materials through the university's Office of Student Financial Services. Applicants must submit a Free Application for Federal Student Aid (FAFSA) to a federal processor and submit a university Financial Aid Application and a copy of your most recent tax return to the Office of Student Financial Aid. These government loans are not available to international applicants. See the Office of Student Financial Services for more information.

International students are not eligible for U.S. government loans.  International students should look at loan options in their home country to help assist with school costs.

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

No. Neither the 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?

Very few incoming MBA students are awarded teaching assistantships. TA positions at the School of Business 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?

No. Residency for tuition purposes is determined upon admission and remains constant throughout your program. To see your specific residency status in Wisconsin, please see link below.

http://registrar.wisc.edu/residence.htm

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

For more information refer back to the tuition tab.