MBA Tuition, Financial Aid and Scholarships
Full-Time MBA Tuition & Fee Costs (2023-24 Academic Year)
Tuition — $132,400.00*
Fall 2023 Program Fee — $3,750 (estimated $750 per semester)
Student Government Fee — $650.00 (estimated at $130 per semester)
Global Immersion Expenses — $1,250 (estimated between $1,000 and $1,500)
Olin will cover the cost of flights booked through the program, lodging and some meals. Costs covered by student during the Global Immersion may include:
- Some weekend lunches, most dinners
- Souvenir and personal tourists or experience costs
- SIM card or international phone plan
- Visa application
*Assumes graduation by May 2025. Program cost is represented by $33,100 per semester for AY 2023-24. Tuition estimated at $35,086 for AY 2024-25. Final AY 2024-25 costs will not be published until spring 2024.
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 degrees. 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, call us at 314-935-7301 or visit our Olin Financial Services webpage.
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 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 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 students who exhibit Values Based, Data Driven™ leadership, represent diverse backgrounds, seek a global outlook and demonstrate a commitment to advancing the interest of women in business are considered for Forté awards. Go to fortefoundation.org to learn more about the foundation.
Entrepreneurship Fellowship
Developing an entrepreneurial spirit is a pillar of the student experience at WashU Olin. The Entrepreneurship Fellowship is awarded to Full-Time MBA students who are looking to influence business and society in areas globally such as equity, diversity and inclusion; sustainability; and social responsibility. Fellows receive full tuition remission, networking opportunities, one-on-one mentorship, housing within the Lewis Collaborative and more. For more information, download the Entrepreneurship Fellowship information sheet (PDF).
US Military Veterans
We are pleased to offer Olin Veterans Association Fellowships 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.
