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​MBA Tuition, Financial Aid and Scholarships

Full-Time MBA Tuition & Fee Costs — Entering Class of 2020

Tuition — $132,355.00
Activity Fee — $2,000.00 (estimated at $500 per semester)
Health & Wellness Fee — $1,048.00 (estimated at $262 per semester)
Student Government Fee — $520.00 (estimated at $130 per semester)

*Assumes graduation May 2022. Program cost is represented by $32,125 per semester for AY 20-21. Estimated $34,052.50 per semester for AY 21-22. Final AY 21-22 cost will not be published until late spring 2021.

Health Insurance Requirement

Washington University has a health insurance requirement for all full-time, degree-seeking students. Under this requirement, students must either purchase the Washington University Student Health Insurance Plan or prove they have adequate coverage through another plan. If you do not demonstrate that you have adequate coverage from another plan, you will be automatically enrolled in the Washington University Student plan and billed accordingly. The cost of the Washington University Health Insurance Plan will be published once the rates are finalized. For planning purposes, the historical cost for a 12-month student policy has been around $2,000. Additional information can be found at the Student Health Services website.


Funding Your Graduate Degree

Students are encouraged to take a proactive role in planning for their financial success while pursuing their degree. Opportunities include but are not limited to:

Although many financial service resources are available online, we know there is no substitute for a personal conversation—whether it be for be for a quick question or a more detailed discussion. If at any time you have questions or concerns, please do not hesitate to contact us via email at olinfinancialservices@wustl.edu or by phone at 314-935-7301.

Full-Time MBA Scholarships

All candidates admitted to Olin are automatically considered for our limited merit-based scholarship opportunities — a separate application is not required. Our Admissions Committee will review your application to determine eligibility and notify you at the time of admission.

In addition, we offer access to the following scholarship and fellowship programs:

Consortium for Graduate Study Management (CGSM) MBA Fellowships

The CGSM is an organization comprising university and corporate partners that promote diversity in graduate management programs and US business. Founded by Olin, the CGSM provides full-tuition fellowships for MBA study at one of the 19 participating schools. Applicants for this full MBA scholarship should apply using the CGSM application. Visit https://www.cgsm.org/ for more information or to determine eligibility.

McDonnell International Scholars Academy

The McDonnell International Scholars Academy awards full-tuition scholarships to international students who have graduated from specific universities outside the United States. These full MBA scholarship awards include an annual stipend of $28,000. The Academy has a separate application for this award. Go to https://mcdonnell.wustl.edu/ to determine eligibility or apply.

Forté Foundation

The Forté Foundation is a consortium of business schools, corporations, and nonprofit organizations that work to increase women’s participation in business schools and management. All women applying to Olin automatically are considered for Forté awards. Go to www.fortefoundation.org/ to learn more about the foundation.

US Military Veterans

We are pleased to offer Olin Veterans Association Scholarships for those who have served in the US Armed Forces. In addition, Olin is proud to be a full participant in the Post-9/11 GI Bill’s Yellow Ribbon Program. The US Department of Veterans Affairs determines candidates’ eligibility for this benefit.

Reaching Out Fellowship

The Reaching Out LGBT+ MBA Fellowship was created as a joint effort between top business schools and Reaching Out to develop the out LGBT+ and active ally business leaders of tomorrow. Each fellowship recipient will receive a minimum scholarship of $10,000 per academic year and access to an exclusive mentor and leadership development program administrated by Reaching Out. Please visit reachingoutmba.org for more information.

Mr. and Mrs. Spencer T. Olin Fellowship for Women

The Mr. and Mrs. Spencer T. Olin Fellowship for Women is an award administered by Washington University’s Graduate School of Arts & Sciences. It grants full-tuition scholarships for graduate study. Any woman graduate of a US baccalaureate institution is eligible to apply. For more information, call 314-935-6818 or visit the Olin Fellowship website.

The Milford and Leona Bohm Scholarship

The Milford and Leona Bohm Scholarship is available only to graduates of The Technion (the Israeli Institute of Technology) in Haifa, Israel. Enclose a cover letter with your Olin application that verifies your eligibility for this scholarship.