Additional Personal Expenses
To aid in planning your budget, below are a list of additional expenses that aren’t covered by tuition and fees. The list has been compiled by current MBA students and the MBA Program Office and reflect previous years' costs; fees may vary for the coming year.
Besides the required course packs , all other expenses are optional. We hope this information will help you plan your budget.
| Course Packs (Required) | Average of $310** for the MBA Core. Electronic version only. |
| Accounting Waiver Course | $475 |
| Analytics Primer | $225 |
| Fast Track in Finance | $475 |
| Club Membership | Variable. Between a mix of professional and social clubs, it is not uncommon for students to spend between $300-$400 for clubs dues. Another option is rather than signing up for a club, there is the option to buy tickets for individual events rather than participate as a member for the year. |
| Professional Treks (Students may participate in multiple treks per year) | Average $500-$700 cost per trek (includes airfare, hotel, and transportation) *Some clubs have an existing budget to cover a portion of these costs. |
| Lockers | $50 single hanging; $25 cubby |
| UM Parking | $71 (blue lots - after hours); $86 (orange lots);$241 (yellow lots); all prices are for annual permits |
(Other UM on-campus recreation facilities are free to students) | $350 for one year membership; $175 per semester |
| Season Football Tickets | $231 |
| The BUS | Approximately $150 for season pass |
| Personal Travel (e.g. spring break and other recreational travel) | Varies from student to student |
Other items you may want to consider budgeting for and may vary widely include: moving costs, winter gear, study abroad and global immersions, car insurance, social activities, case competition travel, summer housing for internships and recruiting.
*For tuition and expenses, visit the Full-Time MBA Tuition Website.
**Please note some course pack fees are rolled into tuition bills, while others require that you purchase them separately.