One-Year MBA Program Tuition & Aid

Tuition for students in the Penn State Smeal One-Year MBA program is determined by the University and is based on the graduate rate for students in the MBA category.

A non-refundable deposit of $500 is required to accept an offer of admission to the program. This deposit will be credited toward your fall tuition payment.

Below are estimated tuition expenses for the current academic year for the Penn State Smeal One-Year MBA Program. Estimated housing expenses are based upon on-campus graduate housing fees, which may be lower than off-campus options. Please also account for textbook/coursepack expenses.

*This is an estimated cost based on double occupancy lodging. This does not include airfare and personal expenses such as passports, visas, meals, etc.

Tuition rates are set by the University in mid-summer and are subject to change. To calculate tuition using the current year’s information, please use the Penn State Tuition and College Cost Calculator. Smeal Fees include MBA Comm/Orientation Fee, Career Services and Student Services Fees.

Your Career ROI

Investing in your MBA is about more than tuition—it's about accelerating your career trajectory and earning potential. Our graduates see strong returns quickly, with the majority securing full-time positions within six months of graduation. The Penn State Smeal One-Year MBA delivers competitive outcomes that reflect the quality of our program, the strength of our network, and the dedication of our career services team to your success.

• 87% Employed within 6 Months

• $83,000 Average Starting Salary

• $135,000 High Salary Reported

Based on Class of 2025 outcomes (94% response rate, 6 months post-graduation).

Financial Support

The Penn State Smeal College of Business One-Year MBA program has merit scholarships available for admitted students. All applicants are automatically considered for funding, and there is no additional application necessary. For full consideration, candidates should apply by the third round deadline. If you have additional questions, please contact the admissions team at oneyearmba@smeal.psu.edu.