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Pursuing a Master of Business Administration (MBA) is a significant investment in one's career. The Kellogg School of Management at Northwestern University offers a prestigious MBA program that equips graduates with the skills and knowledge needed to excel in the business world. However, understanding the total cost of a Kellogg MBA is crucial for aspiring students. In this article, we will break down the tuition and fees associated with the program, explore additional academic expenses, discuss living expenses in Evanston, Illinois, and provide insights into financing options. We will also compare the cost of a Kellogg MBA with other top MBA programs and evaluate the return on investment.
Breaking Down the Total Cost of a Kellogg MBA
When considering pursuing an MBA at Kellogg, it's essential to understand the comprehensive cost of the program. The total cost includes tuition fees, additional academic expenses, and living expenses. Let's delve into each aspect to gain a clearer picture.
Tuition Fees for the Kellogg MBA Program
The tuition fees for the Kellogg MBA program vary depending on the specific Tuition Fees for the Kellogg MBA Program (2025–2026)
- One-Year MBA: $119,996
- Two-Year MBA: $86,370 per year
These figures reflect tuition only; additional costs such as room & board, books, insurance, and fees are outlined in the financial aid section of Kellogg’s site.
While these numbers represent a significant investment, it's essential to recognize that the true value of a Kellogg MBA extends well beyond the cost. You're paying for:
- World-class faculty and curriculum that combine cutting-edge theory with real-world relevance.
- Unmatched networking and career opportunities, opening doors to top employers, clubs, and alumni connections.
When evaluating the total cost, weigh not only the immediate expense but also the long-term return, including career acceleration, salary gains, and the lifelong value of Kellogg’s powerful network.
See the full Northwestern Kellogg MBA tuition breakdown here.
Additional Academic & Living Expenses
Beyond tuition, Kellogg students incur a range of extra academic and living costs during their MBA. According to the official 2025–2026 cost breakdown:
- Books & Supplies / Course Materials: approximately $2,256 for the one-year MBA and $1,743 per year for the two-year program.
- Technology Fees (e.g., computer equipment): around $1,200 per student.
Kellogg annually publishes a comprehensive cost estimate that includes:
- Food & Housing: ~$29,412 one-year / ~$22,059 per year for two-year
- Health Insurance: ~$7,411 one-year / ~$5,919 per year for two years
- Personal Expenses & Travel: $3,780 personal + $2,064 travel for one-year; $2,835 + $1,548 for two-year
In total, the first-year cost of attendance for the full-time MBA ranges:
- One-Year MBA: approximately $173,180
- Two-Year MBA: approximately $128,852
While the total cost of a Kellogg MBA may seem significant, it's important to view it as an investment in your personal and professional growth. The knowledge, skills, and network gained during your time at Kellogg can open doors to exciting career opportunities and provide a solid foundation for long-term success.
Financing Your Kellogg MBA
Financing an MBA can be a significant challenge, but Kellogg offers various options to support students in their pursuit of higher education.
Scholarships and Grants
Kellogg School of Management offers scholarships and grants to eligible students. These financial awards recognize exceptional academic achievements, leadership potential, and diverse backgrounds. Students can explore the Kellogg website to discover the available scholarships and grants and review the application requirements.
Student Loans and Financing Options
Student loans are a common method of financing an MBA. Kellogg students can explore federal and private loan options to cover their tuition and living expenses. It's important to carefully consider the terms and interest rates associated with different loan options and select those that align with your financial goals.
Work-Study Opportunities
Kellogg offers work-study opportunities to students who wish to offset the cost of their MBA education. These opportunities allow students to gain practical experience while earning income that can contribute to their educational expenses. Students can explore on-campus and off-campus work-study options through the Kellogg Career Management Center.
Cost Comparison with Other Top MBA Programs
When considering the cost of a Kellogg MBA, it's insightful to compare it with other top MBA programs. Let's take a closer look at how Kellogg fares against Harvard Business School, Stanford Graduate School of Business, and Wharton School of the University of Pennsylvania.
Kellogg vs. Harvard Business School
Both Kellogg and Harvard Business School are highly regarded institutions, and their MBA programs reflect their excellence. In terms of tuition fees, Kellogg's estimated cost is competitive compared to Harvard's. However, it's essential to consider other factors such as living expenses, scholarships, and financial aid packages before making a decision.
Kellogg vs. Stanford Graduate School of Business
Stanford Graduate School of Business is renowned for its innovation and entrepreneurial focus. While Kellogg's MBA program holds its own in terms of reputation, the tuition fees for both programs differ. It's worth noting that Stanford's living expenses in the Bay Area can be higher, potentially affecting the overall cost of pursuing an MBA there.
Kellogg vs. Wharton School of the University of Pennsylvania
The Wharton School of the University of Pennsylvania is a prestigious business school known for its rigorous curriculum and extensive alumni network. When comparing costs, Kellogg's tuition fees are generally lower, making it a more cost-effective option for students looking to pursue an MBA.
Return on Investment: Evaluating the Kellogg MBA
Understanding the cost of an MBA program is only one element of the decision-making process. Evaluating the return on investment is equally important.
Average Salary Post-MBA
Kellogg MBA graduates continue to command impressive compensation packages right out of school. According to recent data, here are the latest figures:
Median base salary for the Class of 2024 is $170,000, down slightly from $175,000 the previous year. Median total compensation — base salary plus signing bonus — is approximately $197,000. Median signing bonus stands at $30,000, with over 85–90% of grads receiving one.
By industry:
- Consulting grads earn around $190,000
- Finance roles offer a median of $175,000
- Tech roles average $157,000
Importantly, 95% of graduates receive an offer within three months of post-graduation
Career Opportunities and Advancement
The Kellogg School of Management provides its students with a comprehensive suite of career services to ensure their success in the job market. With access to a vast alumni network and industry-specific resources, Kellogg MBA graduates have a competitive edge when pursuing their desired career paths.
Alumni Network and Support
The Kellogg alumni network is extensive and influential – a valuable resource for both current students and alumni. The network provides mentorship opportunities, professional connections, and ongoing support throughout one's career. This network enhances the value and long-term benefits of the Kellogg MBA.
Final Thoughts
The Kellogg MBA is a serious investment—but for many, it pays dividends far beyond the classroom. With strong post-grad salaries, a collaborative culture, and one of the most powerful alumni networks in the world, Kellogg delivers value that goes well beyond tuition. But to get that ROI, you first need to get in—and that means submitting an application that’s just as polished and strategic as your financial planning.
Whether you're weighing scholarship opportunities, navigating loans, or just want to maximize your chances of admission, working with an MBA coach can give you a major edge. Explore top MBA coaches, many of whom are Kellogg grads or former adcom readers, and book a free intro call to get started.
Read these next:
The Different Types of MBA Programs—and Which One is Right for You
Northwestern Kellogg MBA: Acceptance Rate, Deadlines, Cost, Requirements, & Program Overview
MBA Requirements: What You Need to Apply (and What Top Programs Really Look For)
T25 MBA Acceptance Rates, GPA, & Test Scores
The Top 25 MBA Programs—Acceptance Rates, Tuition, and More
What is an MBA Degree? An Expert Guide
How much does the Kellogg MBA actually cost?
- For the 2025–2026 academic year, the two-year MBA costs around $86,370 per year in tuition, and the one-year MBA is $119,996 total. When you add living expenses, books, insurance, and fees, the total cost can range from $130K to $170K+, depending on the program.
Is a Kellogg MBA worth the money?
- Yes, most Kellogg grads earn a median base salary of $170,000 post-MBA, with high bonuses and strong job placement. Between the network, career support, and ROI, it’s one of the most financially rewarding MBAs.
What’s the cost of living in Evanston as a Kellogg student?
- Expect to budget about $29,000–$30,000 per year for rent, food, transportation, and personal expenses. Evanston is more affordable than NYC or SF, but it still adds significantly to your total MBA cost.
Does Kellogg offer scholarships or financial aid?
- Yes. Kellogg offers merit-based scholarships, need-based aid, and supports both federal and private student loans. There are also work-study opportunities through the Career Management Center.
How does Kellogg’s MBA cost compare to other top schools?
- Kellogg’s tuition is competitive with peer programs like Harvard, Wharton, and Stanford. But total costs may be lower due to Evanston’s affordability and generous aid packages.
Can I work during the Kellogg MBA to offset costs?
- Yes, Kellogg offers on-campus work-study and part-time opportunities through their Career Center. Many students also intern during the summer to earn income and gain experience.
