Decoding the Cost of a William & Mary MBA: A Comprehensive Guide

Pursuing a Master of Business Administration (MBA) is a significant investment in one's future. For those considering the Raymond A. Mason School of Business at William & Mary, understanding the tuition costs and associated expenses is crucial. This article breaks down the tuition structure for various MBA programs offered at William & Mary, along with additional costs and financial aid options.

MBA Program Options at William & Mary

The Raymond A. Mason School of Business offers several MBA program formats to accommodate different schedules and career goals:

Full-Time MBA: A traditional two-year residential program based in Williamsburg, Virginia.
Part-Time MBA: An evening program designed for working professionals, with classes available both online and at William & Mary's Peninsula Center in Newport News. Each class meets once per week, Monday through Thursday.
Executive MBA: An 18-month program with alternating weekend classes in Williamsburg, including global immersions, leadership coaching, and domestic residencies in Williamsburg and Washington, D.C.
Online MBA: A flexible 49-credit program for working professionals who need to balance their studies with busy lives.

Tuition Breakdown for William & Mary MBA Programs

Tuition costs at the Raymond A. Mason School of Business vary depending on the program. It’s important to note that these figures are subject to change and should be confirmed on the university's official tuition listing. Annual increases in tuition and fees are announced each May by the William & Mary Board of Visitors and take effect in August.

Online MBA Program Tuition

For the 2025-2026 academic year, the tuition for the Online MBA program is calculated per credit hour. The program requires 49 credit hours, with a cost of $1,468 per credit hour, making the total tuition cost $69,825. In addition to tuition, there is a one-time, nonrefundable graduation fee of $150. A residency fee of $600, plus $1,468 for one tuition credit, is also applicable. Note that tuition rates are not inclusive of textbooks and fees.

Executive MBA Program Tuition

The Executive MBA program is an 18-month cohort program. The tuition for this program is $120,750. A $1,000 non-refundable deposit is due within 30 days of acceptance to secure a position in the cohort. *Long-haul international flights for the required global immersions are not included in program tuition and fees.

Read also: William and Mary Law

Other Online Business Programs

William & Mary also offers online Master of Science programs and certificates with varying tuition rates:

Online MSBA (Master of Science in Business Analytics): $1,406 per credit hour for core classes and $800 per credit hour for prerequisite classes. The program requires 32 credit hours.
Online MS in Marketing: $1,125 per credit hour. The program requires 33 credit hours.
Online Master’s and Certificate in Finance: $1,434 per credit hour. The Master's requires 32-33 credit hours, while the Certificate requires 16.
Online Master of Accounting (MAcc): $1,148 per credit hour for core classes and $800 per credit hour for prerequisite classes. The program requires 32 credit hours.

All of these programs also have a $150 graduation fee and an optional residency fee of $600.

Part-Time MBA Program Tuition

Part-Time MBA students pay per credit hour and qualify for the part-time tuition rate as long as they take less than nine credit hours per semester in Fall or Spring. If a Part-Time MBA student registers for nine or more credit hours in these semesters, W&M will automatically charge the significantly higher full-time tuition rate.

Additional Costs to Consider

Beyond tuition, prospective MBA students should budget for other expenses, including:

Books and Supplies: MBA students reported spending an average of $1,030 on required course materials, including textbooks, e-books, technology, supplies, and other materials.
Healthcare: Student health insurance may be required, costing $1,500-$2,500 yearly or more.
Living Expenses: Housing, food, and personal expenses can range from $26,000-$36,000 a year.
Opportunity Costs: Full-time students may forfeit earnings while in school. The typical bachelor’s degree holder earns nearly $160,500 in two years of working.

Financial Aid and Scholarship Opportunities

William & Mary and the Raymond A. Mason School of Business offer various financial aid options to help students finance their MBA education. In addition to private or third-party tuition support and scholarships, federal or private student loans are available. To be eligible for federal loans, students must complete the Free Application for Federal Student Aid (FAFSA).

Read also: W&M Affordability

Merit-Based Scholarships

All applicants are automatically considered for merit-based scholarships and leadership awards. These scholarships are awarded based on academic achievements and extracurricular activities, including work experience, leadership, and professional accomplishments. Applying by the priority application deadline is essential for scholarship consideration.

The Kyle J. Milliken Memorial Scholarship

This scholarship provides financial support to active duty military or military veterans enrolled in the Online MBA program. To be eligible, students must have completed at least 16 credit hours in the program. The Milliken Scholarship application window opens in May.

Alumni Referral Scholarship

William & Mary graduates can refer friends, family, co-workers, and peers to receive a $2,500 scholarship for an online business program. Alumni can also nominate candidates for the Executive MBA Program.

Corporate Partner Tuition Discount

Admitted students who work for one of William & Mary's Corporate Partners may qualify for a 10% tuition discount.

In-State Tuition

Virginia residents and military service members at a permanent duty station can apply to receive in-state tuition status, which significantly lowers the cost of tuition.

Read also: Funding Your Education at WPU

Loan Programs

Many students utilize loans to finance their MBA education. William & Mary has strong partnerships with Prodigy Finance, MPower Finance, and FIDERH.

The Value of a William & Mary MBA

Despite the significant investment, an MBA from the Raymond A. Mason School of Business can provide a substantial return on investment. The school is a top-ranked "Public Ivy," offering an exceptional education at an affordable price. The Mason School is an AACSB-accredited business school dedicated to developing principled leaders who create meaningful impact across industries and communities.

The school combines high-quality education with research and engagement that advance business knowledge and experiential learning. Students learn to think creatively, act ethically, and lead confidently in a rapidly evolving business environment.

Graduates benefit from robust career support and experiential opportunities that translate into high placement rates and leadership roles across sectors. Following graduation from the William and Mary Online MBA program, over 70 percent of graduates self-reported an increased salary, with 50 percent of students reporting a 25 percent or greater increase in salary.

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