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 2023 is $115,050.
Both programs require a non-refundable enrollment deposit of $2,500 upon acceptance that will be applied towards the Fall tuition.
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Professional MBA — Evenings
| Tuition and Fees | Per Term | Annual | Two Year Costs |
|---|---|---|---|
| Tuition | $ 27,482.50 | $ 54,965 | $ 109,930 |
| PMBA Activity Fee | $ 100 | $ 200 | $ 400 |
| Optional Fees | Per Term | Annual | Two Year Costs |
|---|---|---|---|
| Health Insurance* | $ 1,325 | $ 2,650 | $ 5,300 |
| Textbooks** | $ 550 | $ 1,100 | $ 2,200 |
| Parking*** | $ 125 - $ 475 | $ 250 - $ 950 | $ 500 - $ 1,900 |
Professional MBA — Weekend
| Tuition and Fees | Per Term | Annual | Two Year Costs |
|---|---|---|---|
| Tuition | $ 28,762.50 | $ 57,525 | $ 115,050 |
| PMBA Activity Fee | $ 100 | $ 200 | $ 400 |
| Optional Fees | Per Term | Annual | Two Year Costs |
|---|---|---|---|
| Weekend Residency | $ 1,500 | $ 3,000 | $ 6,000 |
| Health Insurance* | $ 1,325 | $ 2,650 | $ 5,300 |
| Textbooks** | $ 550 | $ 1,100 | $ 2,200 |
| Parking*** | $ 125 - $ 475 | $ 250 - $ 950 | $ 500 - $ 1,900 |
*Health Insurance is an institutional requirement. You may waive this requirement by submitting proof of alternative medical insurance that meets Rice University minimum standards.
**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 2021-22 academic year may be purchased beginning July 1st. Additional information may be found on the Rice University Parking website.
Professional MBA— Extended Evening
A third option is the Professional MBA - Extended Evening 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 |
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Rice Business Scholarships
Rice Business offers a select number of merit-based scholarships to students in our Professional MBA programs. All admitted students are automatically considered for scholarship awards as part of the application review process. Scholarship recipients will be notified at the time of admission to the university. Scholarship awards are $5,000 to $10,000 per year if selected.
Financial Aid Resources
Rice Business is committed to helping you explore financing options so that you make informed decisions. Check out our Financing Your Degree page to learn more about various financial aid and military funding options. Your dedicated Student Financial Services team is available to answer all your questions and walk you through the process.
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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