Online MBA Tuition & Financial Aid
The Carlson MBA Program provides academic grounding, hands-on experience, and global connections that can translate into new opportunities and long-term career growth. The cost of your education is determined by the number of credits you need to graduate. Graduation credit requirement is 52 credits.
New Scholarships for Fall 2023
Online MBA applicants for this fall can be considered for 15% merit-based scholarships. Additionally, a limited number of 50% merit-based scholarships are also available.
U.S. military members/veterans and employees from our 11 corporate partners are automatically eligible for a 15% tuition discount or are welcome to apply for a limited number of 50% merit-based scholarships.
The 15% and 50% merit-based scholarships are awarded on a first-come, first-served basis. We strongly recommend applying by the Round 1 or Round 2 deadline for consideration.
Part-Time and Online MBA scholarships are not transferable to other degree programs and may not be "stacked" with other scholarships or discounts.
How to apply
Candidates are invited to submit an essay to be considered for one of the 15% or 50% merit-based scholarships. Scholarships will be awarded on a merit basis to a limited number of admitted candidates who demonstrate the potential to be exemplary contributors to the Carlson School community and possess outstanding academic and professional achievements.
The scholarship essay is not required for admission to the program or for candidates who qualify for the military or corporate discount (if admitted). However, if military or corporate discount candidates would like to be considered for the 50% merit scholarship, the scholarship essay and two letters of recommendation are required to be submitted with the application. Please note that if a military or corporate discount partner candidate applies but does not receive the 50% merit scholarship, they will still receive the 15% tuition discount if admitted to the program.
Selected students will be notified of their award at the time of admission.
To learn more, contact us at mbaandms@umn.edu.
Details can be found on the Admission Requirements page.
Online MBA 2022-2023 Tuition and Fees
| Tuition |
$1,660/credit
|
|---|---|
| Per Course | $3,320 for a 2-credit course $4,980 for a 3-credit course $6,640 for a 4-credit course |
| Additional Information | These figures do not reflect student fees, books, course materials, or other incidental costs such as parking. Tuition levels are set by the Board of Regents in July of each year. Rates are subject to yearly increases. |
Semester Fees
| Collegiate fees | $290 |
|---|
Academic Records Fee
A one time academic records fee of $150 will be charged to all students during the first semester of the program.
Tuition Deposit
Candidates will pay a $200 (non-refundable) tuition deposit after confirming attendance. The fee will later be applied to the student's University tuition bill. All Online MBA candidates are required to attend an in-person orientation at the kick-off of the program. Lodging can be provided to students at their own expense.
Books and Course Materials
The estimated cost of books and course materials is approximately $200/class.
Scholarships and Financial Aid
Financial Aid
Some employers offer reimbursement programs for employees who enroll in the Carlson MBA Program. To cover additional expenses, the University of Minnesota's office of student financial aid provides federal educational loan programs.
To apply for financial aid, complete the Free Application for Federal Student Aid (FAFSA). You may complete it anytime; the University will process the application after you have been admitted. The University of Minnesota FAFSA code is 003969.
If you have questions about loan programs, One Stop Student Services for assistance.
Carlson Corporate Discount
Employees from partner companies will receive a tuition discount for the Online MBA. The discount will apply for the duration of their program as long as they remain employed at a corporate discount partner company. Employment will be verified before the fall and spring semesters.
Details can be found here.
Outside Funding & External Scholarship Resources
Students are typically employed during the program so we encourage students to use a few strategies to fund their study:
- Take advantage of employer tuition benefits. Many companies are willing to contribute $5,250 annually. We encourage candidates to have a conversation with their supervisor or HR to understand their companies’ employer tuition benefit.
- Consider moving through the program more slowly as the program is on a pay-per-credit tuition model. This could allow you to maximize annual benefits, as well as stagger personal contributions
- Use personal savings.
We encourage all MBA applicants to explore external scholarship opportunities to support your MBA experience. Below is a selection of sample external scholarships with links to information on their requirements and applications. This list is not all-inclusive.
- Bush Foundation
- FastWeb
- FinAid
- International Peace Scholarship (non-US & non-Canadian)
- National Black MBA Association (National)
- Prospanica (National)
- Paul and Daisy Soros Fellowships for New Americans
- PFund (LGBT communities)
- Rising Farmworker Dream Fund Scholarship
- Robert Toigo Foundation
- Scholarships360
- Shakopee Mdewakanton Sioux Community Endowed Scholarship