Executive MBA

Tuition and Financial Aid

The Executive MBA Program is a major investment of both your time and resources. There are a variety of financial aid options available for qualified Executive MBA students. We encourage you to carefully consider this investment and discuss your financing options with our Financial Aid Office. Please find campus-specific tuition and financial aid information below.

Payment

Admitted students are required to submit a nonrefundable advance tuition fee in order to secure a seat in the class. Tuition is billed quarterly in equal amounts for seven quarters (the program's duration). This fee is applied toward the first quarter's tuition.

Scholarships

Merit Scholarships

The Executive MBA Program awards a limited number of merit-based scholarships to students who study in Chicago, London and/or Hong Kong. All admitted students are considered based on the strength of their application – no further materials are required. Award decisions are determined by the Admissions Committee and the award amounts may vary. Candidates are evaluated based on a variety of aspects, including:

  • Professional and academic achievement
  • Professional and academic goals
  • Leadership and teamwork experiences
  • Quality of interview

75th anniversary Alumni Scholarship

The University of Chicago created the world’s first Executive MBA Program in 1943. In honor of the 75th anniversary of this historical innovation, the Executive MBA Program will select one exceptional candidate from each campus to receive a special 75th Anniversary Alumni Scholarship each year. These scholarships are funded by Executive MBA alumni donors. All admitted students will be considered for the award based on the strength of their application and no further materials are required. To be considered for the 75th Anniversary Alumni scholarship, candidates must by apply by February 3, 2020.

US Military Yellow Ribbon Program

Chicago Booth is delighted to participate in the Yellow Ribbon Program, an enhancement of the Post 9-11 Veterans Educational Assistance Act of 2008, which allows institutions of higher learning in the United States to fund tuition expenses that exceed the highest public in-state undergraduate tuition rate. Yellow Ribbon awards are not scholarships and are available to all US Military veterans at Chicago Booth who qualify under the VA guidelines. For the 2018-2019 academic year, Chicago Booth will offer $30,000 per year in Yellow Ribbon scholarship support and the VA will provide up to $30,000 in additional funding. The Yellow Ribbon awards are in addition to other VA programs. You can find the application through the University Registrar. For additional information, please contact your campus admissions office.

Click on your campus of interest below for more detailed information on tuition, financial aid, and available loan options. Additionally, we offer select scholarship opportunities specific to your campus location.


North America

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Tuition

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North America – The program fees cover tuition, all books and course materials, daily meals, and hotel accommodations for five international session weeks (three weeks in Chicago and one week each in London and Hong Kong).

Program fees for the June 2019 class: USD $194,000.

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Financial Aid and Loans

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Student loans for US Citizens and US Permanent Residents

There are three loan programs available to executive MBA students.

Direct Unsubsidized Loan – The Direct Unsubsidized Loan is available to US citizens and US permanent residents who enroll in two or more courses each quarter. The Direct Unsubsidized Loan, which is not credit-based, carries a fixed interest rate and an annual borrowing limit of $20,500.

Direct PLUS Loan – The Direct PLUS Loan is available to US citizens and US permanent residents who enroll in two or more courses each quarter. The Direct PLUS Loan is a credit-based federal loan that can be used to supplement the Direct Unsubsidized Loan. The interest rate is fixed. Students can borrow up to the full cost of attendance (set by the financial aid office) minus all other financial assistance.

Private, credit-based alternative loan – All students can apply for a private, credit-based alternative loan. Students can borrow up to the full cost of attendance (set by the financial aid office) minus all other financial assistance. The terms of private loans are set by the lender.

Europe, Middle East, and Africa

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Tuition

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Europe – The program fees cover tuition, all books and course materials, some meals, and hotel accommodations for three residential weeks in Chicago and one residential week in Hong Kong.

Program fees for the June 2019 class: USD $167,000.

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Financial Aid and Loans

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Chicago Booth does not have a loan program for non-US citizens/non-US permanent residents. We encourage students to learn more about funding sources in their home countries. Please note that this list is not official or comprehensive and that these sources are not affiliated with Chicago Booth. 

Chicago Booth has seen students in our London program borrow from Prodigy Finance. You can check with Prodigy to determine if you're eligible for a loan. Please note that Prodigy Finance is an independent financial institution and Booth is not endorsing them as a partner or lender.

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Scholarships for Executive MBA Program in London

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There are a number of scholarships available to Executive MBA students who study in London:

The Chicago Booth Executive MBA Dean’s Initiative Scholarship: for Women

The aim of this scholarship is to support high-potential female students in the Executive MBA- London program. Candidates will be evaluated on a number of criteria including:

  • Prior educational achievements
  • Professional background and leadership experience
  • Future professional goals
  • Future potential for the highest levels of leadership
  • Expected contribution to the class and program

Eligibility:

All candidates who fit the criteria above and are accepted to the Executive MBA Program in London by February 3, 2020 will be automatically considered for this scholarship. There is no separate scholarship application required.

The Chicago Booth Executive MBA Dean’s Initiative Scholarship: for Underrepresented Groups

The aim of this scholarship is to support high-potential leaders from underrepresented groups (based on industry, citizenship, background or a combination of these) in the Executive MBA-London Program. Candidates will be considered for this award based on the following criteria:

  • Professional experience in the non-profit, NGO, public sectors or military
  • Citizens of emerging and/or developing economies who demonstrate a commitment to continue working in those countries

Eligibility:

All candidates who fit the criteria above and are accepted to the Executive MBA Program in London by February 3, 2020 will be automatically considered for this scholarship. There is no separate scholarship application required.

Asia

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Tuition

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Asia – The program fees cover tuition, all books and course materials, some meals, and hotel accommodations for three residential weeks in Chicago and one residential week in London.

Program fees for the June 2019 class: HKD 1,355,000.

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Financial Aid and Loans

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Chicago Booth does not have a loan program for non-US citizens/non-US permanent residents. We encourage students to learn more about funding sources in their home countries. Please note that this list is not official or comprehensive and that these sources are not affiliated with Chicago Booth.

Chicago Booth has seen students in our Hong Kong program borrow from Prodigy Finance. You can check with Prodigy to determine if you're eligible for a loan. Please note that Prodigy Finance is an independent financial institution and Booth is not endorsing them as a partner or lender.

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Scholarships for Executive MBA Program in Hong Kong

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There are a number of scholarships available to Executive MBA students who study in Hong Kong:

The Hong Kong Jockey Club Chicago Booth Executive MBA Scholarship

The Hong Kong Jockey Club is offering a scholarship for students who are working at the social service sector to study in our Executive MBA program in Hong Kong. If you are interested in applying for the scholarship, please review the scholarship details here and submit all the required documents together with your completed Executive MBA Program online Application Form. If you have any questions, please reach out to the admissions team via email at axp.admissions@chicagobooth.edu or call (852) 2533-9500 for assistance.

Qualifications for Scholarship Consideration
To qualify for the Hong Kong Jockey Club Executive MBA Scholarship, candidates must:  

  • Have a proven track record of driving social service enhancement, innovation, and positive change in the social sector in Hong Kong
  • Demonstrate a commitment and capacity to further contribute to and strengthen the social sector in Hong Kong once finished with the program
  • Work full-time in an NGO with tax exemption under section 88 of the Inland Revenue Ordinance
  • Be a Hong Kong citizen or permanent resident

Applicants will only receive a scholarship award once their application has been completed and submitted, and they have been formally accepted to the Executive MBA Program.

Scholarship Value: Full tuition

The deadline for the Hong Kong Jockey Club Chicago Booth Executive MBA Scholarship application is February 3, 2020. Your Chicago Booth Admissions application must also be completed by this date.

Chicago Booth Executive MBA Scholarship

All applicants are eligible to apply and are evaluated based on a variety of aspects, including:

  • Professional and academic achievement
  • Professional and academic goals
  • Leadership and teamwork experiences
  • Quality of interview

Scholarship Value: Up to two quarters of tuition

The deadline for the Chicago Booth Executive MBA Scholarship application is April 1, 2020. Your Chicago Booth Admissions application must also be completed by this date.

If you are interested in applying for a scholarship, please indicate your interest and submit a scholarship essay with your completed Executive MBA application. If you have any questions, please reach out to the admissions team via email at axp.admissions@chicagobooth.edu or call (852) 2533-9500 for assistance.

Jhunjhunwala Family Executive MBA Scholarship

Funded by an alumnus of the Executive MBA Program Asia, Mr. Abhinav Jhunjhunwala, ’14, the Jhunjhunwala Family Executive MBA Scholarship will support aspiring leaders to pursue an Executive MBA program at the Chicago Booth Hong Kong campus. Candidates will be considered for this award based on meeting one or more of the following criteria:

  • Work in the non-profit sector or social enterprise and be a resident of India, Indonesia, or Singapore who was not educated in the United States
  • Have established or co-founded an unsuccessful start-up on which they have worked full-time for the past 2-3 years
  • Be a female first-generation college graduate

Scholarship Value: USD 50,500

The deadline for the Jhunjhunwala Family Executive MBA Scholarship application is April 1, 2020. Your Chicago Booth Admissions application must also be completed by this date. 

If you are interested in applying for a scholarship, please indicate your interest and submit a scholarship essay with your completed Executive MBA application. If you have axp.admissions@chicagobooth.edu or call (852) 2533-9500 for assistance.