Decoding the Cost of a Northeastern University MBA: Tuition, Fees, and Funding Options

Pursuing an MBA is a significant investment in one's future, and understanding the costs associated with a program is crucial for prospective students. This article provides a comprehensive overview of the tuition, fees, and available financial aid options for the MBA programs at Northeastern University, specifically focusing on the D'Amore-McKim School of Business. This guide aims to provide prospective students with the necessary information to make informed decisions about their graduate education.

Understanding the Tuition Structure

Northeastern University's tuition structure varies depending on the specific MBA program (full-time, part-time, or online) and the college offering the program. Tuition costs are typically calculated on a per-credit-hour basis, though some programs may have a fixed program rate or per-semester fee.

D'Amore-McKim School of Business Graduate Tuition

For most graduate programs within the D'Amore-McKim School of Business, a per-credit-hour tuition rate applies. However, specific programs like the MSAMBA (Accounting and Business Administration) have a program rate. It's important to check the specific tuition structure for the program you are interested in.

Online MBA Program Costs

Northeastern University offers several online MBA programs with varying tuition rates per credit hour:

MBA Business Administration-Online: \$900 USD per credit hour
MS Business Analytics (online): \$750 USD per credit hour
MS Management (online): \$800 USD per credit hour
MS Management with Concentration in Digital Transformation in Healthcare (online): \$830 USD per credit hour
MS Management with Concentration in Healthcare Administration (online): \$830 USD per credit hour
Graduate Certificate, Business Administration (online): \$438 USD per credit hour

The total program cost for the Online MBA program is around $73,800.

Other Colleges' Graduate Tuition

The College of Arts, Media and Design, Khoury College of Computer Sciences, College of Engineering, College of Science, and College of Social Sciences and Humanities also offer graduate programs. PhD programs in these colleges typically have a per-semester tuition fee. For instance, most PhD programs across these colleges cost \$15,750 USD per semester. For other graduate programs within these colleges, it's essential to check the specific per-credit-hour rate.

School of Law Graduate Tuition

The School of Law has a different tuition structure. All programs, except specific ones, cost \$65,652 USD per academic year. The JD Law, Part-Time Option (FlexJD) costs \$49,230 USD per academic year, while the LLM Law (On Ground) also costs \$65,652 USD per academic year. The LLM Law-Online program costs \$1,575 USD per credit hour, and the MLS Legal Studies-Online program costs \$1,219 USD per credit hour.

Additional Fees

In addition to tuition, students should be aware of other fees that may apply. These fees can vary depending on the program and enrollment status (full-time vs. part-time, on-campus vs. online).

Graduate Fees

All campus-based, full-time graduate programs, except specific programs listed below, are subject to graduate fees.

Dissertation and Continuation Fees

Master's or professional doctorate continuation fees are charged at a flat rate equivalent to the college's per-credit-hour rate.

Lab and Studio Course Fees

Beginning Fall 2025, a fee of \$100 will be charged for each lab and studio course due to the specialized staffing, equipment, materials, and supplies required.

Health Insurance

Massachusetts law mandates that all qualified students enroll in a health insurance plan that meets or exceeds state minimum requirements. Northeastern University's student health plan (NUSHP) is administered by Blue Cross/Blue Shield of Massachusetts.

Other Potential Fees

Some programs may require students to obtain an initial professional licensure as part of their curriculum, and the cost of this licensure will be included in the Cost of Attendance. Some fees may not be applicable to online programs.

Financial Aid and Scholarship Opportunities

Northeastern University offers various financial aid and scholarship opportunities to help students finance their MBA education.

Merit-Based Scholarships

Scholarships are available to students in their first year of study, providing partial- to full-tuition reimbursement based on the strength of their application. No separate application is necessary for these awards.

External Scholarships and Fellowships

Northeastern University participates in several external scholarship programs aimed at supporting diverse student populations and those with specific backgrounds or affiliations. These include:

The Association of International Certified Professional Accountants (AICPA) Scholarship: Supports graduate students who will shape the future of accounting.
The AmeriCorps and Teach for America MBA Scholarship: Covers up to 25% of tuition for students who have worked within these programs to improve educational equality.
The City Year MBA Scholarship: Covers at least 25% of tuition for students who have served with City Year.
The Deloitte Foundation Accounting Scholars Program: Offers scholarships that cover full tuition for selected MS in Accounting and MS in Accounting/MBA candidates.
The Dr. Martin Luther King, Jr. Graduate Fellowship: Supports students of African origin who demonstrate exemplary leadership and community service (covers full tuition and fees excluding insurance).
The Forté Scholarship: Recognizes women who show outstanding leadership through mentoring, participating in women's initiatives, advocating for gender equality, or supporting women-led businesses.
The Full Circle Scholarship: Offers a tuition discount to incoming graduate students who are current or former members of the Peace Corps, AmeriCorps, Teach for America, or English Language Learners (ELL).
The Latin American Achievers Scholarship: Recognizes high-achieving graduates of Latin American universities pursuing a graduate business degree (covers up to 50% of tuition).
The National Black MBA Association Scholarship: Supports education and growth opportunities for historically underrepresented students (covers up to 100% of tuition).
The Posse Foundation Scholarship: Supports the future leaders of a diverse, multicultural society (covers up to 100% of tuition for Posse fellows).
The Prospanica MBA Scholarship: Supports Hispanic professionals (covers up to 100% of tuition for Prospanica members).
The Reaching Out MBA LGBTQ+ Fellowship: Supports LGBTQ+ and active ally business leaders (offers a minimum \$10,000 scholarship per academic year).

Military-Affiliated Students

Servicemembers and their spouses are eligible to receive an amended tuition rate for Bachelor Completion Programs through the College of Professional Studies.

Other Financial Aid Options

Northeastern students can also apply for a variety of assistantships, work awards, and loans.

Application Requirements and Deadlines

Applicants must submit a completed online application, two letters of recommendation, a professional résumé, transcripts from each college or university attended, GMAT or GRE scores (though Northeastern has a test-optional policy for the 2021-2022 academic year), a personal statement, and a \$100 application fee. International students from non-English-speaking countries must also submit score reports from the TOEFL, IELTS, or PTE Academic, and non-citizens who are permanent residents must submit their Green Card.

Application deadlines vary, with some falling in October, November, and December, and others in January, March, April, May, and June.

Part-Time MBA Program Details

The Northeastern University part-time MBA at D’Amore-McKim School of Business starts in September and January of each year. It typically takes between two and seven years to complete, and the school requires 60 credits and a 3.0 GPA in order to graduate. The school provides a suggested curriculum that allows students to complete their degree in three years. Students who start in September take approximately six credits each fall and spring and nine credits each summer.

The most recent part-time MBA class consisted of 114 students with an average undergraduate GPA of 3.29. Around 46 percent of the class is made up of female students, and 29 percent of students are traditionally under-represented minorities.

Experiential Learning and Career Advancement

Northeastern is well known for its emphasis on experiential learning, and nearly all students complete some type of internship or cooperative education experience.

NEU online MBA grads feel especially well equipped for career advancement in leadership/management.

Northeastern Illinois University (NEIU) MBA Program

Northeastern Illinois University (NEIU) also offers an AACSB-accredited MBA program that prepares students for mid- and upper-level management careers. The curriculum is designed as a bridge that incorporates the best of theory and application and provides a broad set of business skills. Core courses provide up-to-date business knowledge, and elective courses enable students to shape the program to meet their interests. NEIU's diverse faculty and student body provide opportunities to develop knowledge of cultures and diversity.

NEIU's MBA program views professional connections as integral to career advancement. Courses are held in the evening during the week and on occasional Saturdays, and the core courses are offered in a flex environment, meeting both in-person and through extended online media simultaneously.

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