MS in Business Analytics students review tuition and financial aid on a laptop at Minnesota Carlson.

Business Analytics & Artificial Intelligence Tuition & Aid

2026-2027 Tuition

Total Master of Science in Business Analytics and Artificial Intelligence program tuition for 2026-2027 year is an estimated $45,000 for Minnesota and reciprocity residents (North Dakota, Wisconsin and Manitoba), and $56,250 for non-resident and international students, a decrease from 2025-2026 rates.

Tuition is charged at $1,000 per credit (resident) and $1,250 per credit (non-resident). The program is 12 months (45 credits over 3 terms).

Student Type	Per Credit	Total Tuition
Minnesota Resident & Reciprocity Residents of ND, WI and Manitoba	$1,000	$45,000
Non-Resident/International	$1,250	$56,250

For full details of tuition costs, please visit One Stop.

Merit scholarships are available. Apply early for the best chance of receiving a merit scholarship.

2026-2027 Fees

Student Type	Estimated Fees
Minnesota Resident/Reciprocity Resident/Non-Resident	$8,304.74
International Cost	$9,144.74

Fees Breakdown

As the MS in Business Analytics & AI program ends in the summer, some summer fees would be a prorated version of the full semester fees. All fees are subject to change.

All Student Fees

Fee Type	Fall Term	Spring Term	Summer Term	Total
Carlson Fee	$726	$726	$363	$1,815
Academic Records Fee	$150	$150	N/A	$150
Health Insurance^#	$1,795	$1,795	$915	$4,505
Student Services	$532.50	$532.50	N/A	$1,065
Academic Cloud and AI Services Fee⁺	$100 per course	$100 per course	$100 per course	varies
Athletics	$100	$100	N/A	$200
Transportation	$77	$77	$32	$186
Capital Enhancement	$86.25	$86.25	N/A	$172.50
Council of Graduate Students	$11.12	$11.12	N/A	$22.24
Safety	$9	$9	$9	$27
Stadium	$6	$6	N/A	$12
Fee Subtotal	$3,492.87	$3,492.87	$1,319	$8,304.74

^{#Required unless proof of comparable insurance is provided. Required for all international students.}
^{+Not included in fees total.}

All International Student Fees

In addition to the all student fees listed above, international students have additional fees.

Fee	Fall Term	Spring Term	Summer Term	Total
International Student Services	$308	$308	$176	$792
International Student Engagement	$18	$18	$12	$48
International Sponsored Student fee (not included in total, only applies for agency sponsored candidates, e.g., Fulbright)	$500	$500	$265	$1,265
International Add-On Subtotal	$826	$826	$453	$840

Additional Costs

Program tuition and fees listed above do not include course materials or other personal living expenses. Estimates of those items are identified below.

Tuition Deposit

A non-refundable $1,500 tuition deposit is required to confirm your intention to enroll in the Master of Science in Business Analytics and Artificial Intelligence program and is applied toward the first academic term.

Books, Course Materials, Supplies and Equipment

The estimated annual cost for books, course materials, supplies and equipment is approximately $1,000 per year, or $500 per semester. Actual expenses will vary depending on the courses taken.

Personal Expenses

The estimated costs listed above do not include personal living expenses. You can use the following as a guideline to plan:

Room and board in the Twin Cities for 1 year is approximately $19,108
Transportation for 1 year is approximately $2,350
Personal/miscellaneous for 1 year is approximately $4,000
Loan fees for 1 year is approximately $740

These estimates assume modest, shared housing, simple meals at home, and use of public transportation. Your preferences may result in higher expenses in these areas.

Please see the One Stop Student Services for the latest estimates of the cost of attendance.

Financial Aid

The University of Minnesota offers many loan programs, administered through the Office of Student Finance. To be considered, you must complete the Free Application for Federal Student Aid (FAFSA). International students need a U.S. co-signer for student loans. If you have questions about loan programs, visit Financial Aid — One Stop. The University has reciprocity agreements with the states of Wisconsin, North Dakota, and the province of Manitoba, Canada.

International Student Loans

The University of Minnesota does not specifically offer non-US co-signed loans. Some of the options available to you include:

Prodigy Finance You can find Carlson program-specific information online.
MPower Student Loan

Carlson Graduate Assistant Pay Rates

Graduate Assistants play an important role in the University and the Minnesota Carlson community.

Graduate Labor Union - United Electrical, Radio and Machine Workers of America Local 1105 Eligible Positions

Labor Represented Graduate Appointments
Level	Minimum Hourly Rate	Criteria
1	$28.93	Graduate Assistants working for Minnesota Carlson who are not enrolled in a CSOM PhD program. Includes Master's level students and PhD students outside of Minnesota Carlson.
2	$39.53	PhD student enrolled in a Carlson PhD program.

Non Labor Represented Graduate Appointments at Minnesota Carlson

Non-Labor Represented Graduate Appointments
Job Code	Job Code Title	FY2027 Hourly Rate
9535	Professional Program Assistant	$23.53

Master's students interested in a graduate assistant position should search and apply for available opportunities through the jobsite.

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Master of Science in Business Analytics & Artificial Intelligence Tuition & Aid FAQs

Are scholarships or merit-based awards available, and how do I apply?

Yes. Every MSBAi applicant is automatically considered for merit-based scholarships. There's no separate application, essay, or deadline to track. If you receive an award, it's announced with your final admissions decision. See scholarships and financial aid for eligibility details.

Does the program offer teaching or research assistantships?

Yes. Teaching and research assistant positions are open to MSBAi students, though they're not awarded through admissions. You apply once you're enrolled, and what's available changes each semester. One thing to weigh: the program moves fast, 12 months with a client project every term, so it's worth thinking through how an assistantship would fit before you plan your funding around one. If you're interested, ask your faculty advisor about open positions during orientation. You can also browse University-wide graduate assistant roles on the jobs site.

Can my employer sponsor me?

Yes, though it's uncommon. MSBAi is a full-time, 12-month program, so most students step away from work and fund the degree through merit scholarships, federal aid, private loans, and personal savings. Sponsorship and tuition reimbursement are arranged directly between you and your employer. Carlson doesn't administer or track these agreements.

What is the estimated cost of living and are budgeting resources available?

The Master of Science in Business Analytics & Artificial Intelligence is an in-person program, so your cost of living depends on studying in Minneapolis–St. Paul. The University's cost-of-attendance figures estimate housing, food and personal expenses beyond tuition and fees, and your actual costs depend on where and how you live. See One Stop's cost of attendance to estimate yours and to find financial aid and loan information.

How much is the tuition for the Master of Science in Business Analytics and Artificial Intelligence program?

Total tuition for the 12-month, 45-credit MSBAi program is $45,000 for Minnesota residents and $56,250 for non-residents in 2026-2027, a decrease from the prior year. Residents of North Dakota, Wisconsin, and Manitoba pay the resident rate through reciprocity. Tuition is billed per credit at $1,000 for residents and $1,250 for non-residents. Budget roughly $8,300 in fees on top, or $9,100 as an international student, plus a $1,500 non-refundable deposit to confirm enrollment. Full tuition and fee breakdown.

Contact MSBAi

Email: [email protected]

Phone: 612-625-5555

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