Tuition and Fees
The Professional MBA-Evening and the Professional MBA-Weekend programs both consist of a 22-month, lock-step curriculum that is delivered in four consecutive semesters (two academic years).
The total two-year tuition for the Professional MBA-Evening Class of 2023 is $109,930* and total two-year tuition for the Professional MBA-Weekend Class of 2022 is $115,050*.
Both programs require a non-refundable enrollment deposit** of $2,500 upon acceptance, which will be applied towards the Fall tuition.
Interested in Rice Business?
Professional MBA — Evenings
| Tuition and Fees | Per Term | Annual | Two Year Program Costs |
|---|---|---|---|
| Tuition | $ 27,482.50 | $ 54,965 | $ 109,930 |
| PMBA Activity Fee | $ 100 | $ 200 | $ 400 |
| Optional Fees | Per Term | Annual | Two Year Program Costs |
|---|---|---|---|
| Health Insurance** | $ 1,290 | $ 2,580 | $ 5,160 |
Professional MBA — Weekend
| Tuition and Fees | Per Term | Annual | Two Year Program Costs |
|---|---|---|---|
| Tuition | $ 28,762.50 | $ 57,525 | $ 115,050 |
| PMBA Activity Fee | $ 100 | $ 200 | $ 400 |
| Optional Fees | Per Term | Annual | Two Year Program Costs |
|---|---|---|---|
| Weekend Residency | $ 1,500 | $ 3,000 | $ 6,000 |
| Health Insurance** | $ 1,290 | $ 2,580 | $ 5,160 |
*Tuition and Fees reflect amounts for the 2021-22 Academic Year and are subject to change
**Health Insurance is an institutional requirement. You may waive this requirement by submitting proof of alternative medical insurance that meets Rice University minimum standards. Charges shown are from the 2020-21 academic year and will be updated as we get closer to Fall 2021.
Professional MBA— Evening Extended
A third option is the Professional MBA-Evening Extended program, which allows you to complete the same curricular requirements (a minimum of 54 credit hours) over three to five academic years. While there are some basic enrollment requirements each semester, this academic structure allows you full control to align your pace of completion with your lifestyle preferences.
For students entering the program in Fall 2021, the tuition is $109,930 and is billed on a prorated per credit hour basis each semester.
| Entering Class | Cost Per Credit x 54 |
|---|---|
| Entered Fall 2018 | $ 1,935.19 per credit |
| Entered Fall 2019 | $ 1,995.37 per credit |
| Entered Fall 2020 | $ 2,035.74 per credit |
| Entering Fall 2021 | $ 2,035.74 per credit |
| Fees | Per Term |
|---|---|
| PMBA Activity Fee | $ 50 |
Items Included in PMBA Program Cost
The following items are included and are not charged separately:
- Resources at Fondren Library
- Light meals before classes
- Some GFE costs
Financial Aid Resources
Rice Business MBA students have their own Financial Aid team to assist in the process of securing funding. Instead of reaching out to the Rice University Office of Financial Aid, you can speak to your dedicated Student Financial Services team with all your financial aid or military funding questions.
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.
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