Tuition and Financial Aid

Full-Time MBA Tuition and Fees

Tuition for the 2024-25 Full-Time MBA and MD/MBA programs is $73,500 per year. Required fees for the program are listed below.

A non-refundable enrollment deposit of $2,500 is due upon acceptance and will be applied towards the Fall semester charges.

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A Rice MBA is Worth The Investment

Rice Business Professor James Weston explains why a Rice MBA is a positive return on your investment.

Full-Time MBA Program

Tuition	Annual
Full-Time MBA Tuition* ('24-25)	$ 73,500
Required Fees	Annual
Graduate Student Association Fee	$ 45
Student Organization Fee	$ 8
Health & Wellness Support Fee	$ 677
MBA Activity Fee	$ 500
TOTAL MBA Fees	$ 1,230
Optional Fees	Annual
Health Insurance**	$ 3,139
Estimated Textbooks***	$ 2,600
Parking****	$ 250 - $ 1,009

_{*Tuition is charged a flat-rate per semester and is not assessed for enrolled credits exceeding 60. Please note tuition changes each year. Rates shown are current for Fall 2024.}

_{**Rice University policy requires all students to have health insurance coverage. You may opt out of this coverage if you are enrolled in an alternative insurance plan that meets or exceeds institutional coverage standards. Students are billed for the annual Student Health Insurance plan in the Fall semester. Please see the Student Health Insurance website for additional information.}

_{***Students are responsible for purchasing their textbooks each semester. Textbooks may be purchased at the Rice University Campus Bookstore or through any store or online vendor the student chooses.}

_{****Students wishing to park on campus have multiple options at various price-points. Parking permits for the 2024-25 academic year may be purchased beginning July 1, 2024. Additional information may be found on the Rice University Parking website.}

Rice Business Scholarships

Rice Business is the 8th most affordable MBA in the top 25, according to Poets & Quants.

Through the generous support of our donors, Rice Business was able to provide merit-based scholarships to over 75% of our Full-Time MBA cohort in 2023-2024 with the average award covering over 50% of tuition costs.

All admitted full-time MBA students (domestic and international) are automatically considered for merit-based scholarships as part of the application review process. Scholarship winners will be notified at the time of admission to the university.

Named in honor of former Rice University Board of Trustees Chair James Crownover '65, the scholarship supports selected students financially and provides an avenue for Jim himself to work directly with Crownover Scholars and finalists by sharing his experience on leadership success and community contribution, plus introducing students to relevant business leaders in their chosen fields. Historically, this scholarship is for students interested in a career in management consulting. For questions about the program, please contact Rice Business Admissions, ricemba@rice.edu.
This program was established to recognize individuals with demonstrated academic excellence and inspired leadership, as exemplified by Janice and Robert McNair. One recipient will be selected each academic year and receive full-tuition benefits during the two-year program as a Rice Business student. For questions about the program, please contact Rice Business Admissions, ricemba@rice.edu.
The Military Scholars Program will provide scholarships to cover tuition, fees and expected living expenses for selected active or veteran military applicants who wish to pursue their educational dream of obtaining a full-time Rice MBA degree. For more details, visit the Military Scholars Program page.
Forté Fellowships are prestigious, competitive awards that are recognized within the business school community and beyond. Forté Fellows exhibit exemplary leadership, represent diverse backgrounds, and demonstrate a commitment to advancing women in business — all of which aligns with Forté's mission. All students in the Rice MBA program have access to Forté Member benefits.
The ROMBA LGBTQ+ Fellowship is a joint effort between prominent business school programs and Reaching Out to develop the out LGBTQ+ business leaders of tomorrow. Each Fellow receives a minimum $20,000 scholarship and access to exclusive leadership programming, including a retreat to kick off the Fellowship.

Life Savings

What’s the sticker price of an MBA? Even for candidates who know their next step is business school, the financial commitment is significant. For candidates who are still deciding, calculating the variables — tuition, time, meeting responsibilities to family, work and community — can be overwhelming. Both types of achievers may be surprised at how affordable a Rice MBA really is.