Sunday, Jun 24 2018 | Updated at 10:26 AM EDT

Stay Connected With Us F T R

Jun 22, 2017 07:57 AM EDT

A typical two-year MBA program costs $200K, which is already boring holes in students' pockets. However, more and more schools are raising the cost of their MBA programs. In fact, nine schools are already part of this threshold with many more joining in the 'club.'

Here are the nine business schools whose MBAs are worth more than $200K:

Stanford - $225,594
New York University (Stern) - $220,948
Pennsylvania (Wharton) - $218,900
Harvard - $213,600
Columbia - $209,424
Dartmouth (Tuck) - $208,300
Chicago (Booth) - $207,518
MIT (Sloan) - $201,028
Northwester (Kellogg) - $200,434

Most of the most expensive MBA programs are private schools. But further down the list are public schools as well. In fact, the 10th spot for the list of MBAs worth $200K more belongs to UCLA's Anderson School, which is a public school. Although it is not more than $200K, it is getting to that threshold at $194,220.

Watch video

Why did the cost of an MBA program balloon to such big heights?

Stanford was transparent enough to break down where the $225,594 is going. A whole lot of that, of course, goes to tuition which is $68,868. The next biggest slice goes to living allowance which is $34,653. The other slices include medical insurance, books, materials and program fee, and transportation.

With the rising cost, one can't help but wonder if pursuing an MBA program is really worth it. Will the return of investment pay for the cost that a person will spend for a two year masters program?

According to the Graduate Management Admission Council, the median salary of a recent MBA graduate is at $110,000. That's 83 percent more than someone with a bachelors degree who could expect a median salary of $60,000.

Those who finish their MBA programs from prime schools can even expect to receive more. Stanford, for example, said that their MBA graduates can expect a median salary of $140,553.

See Now: Facebook will use AI to detect users with suicidal thoughts and prevent suicide

Follows MBAs Worth More Than $200K, MBA programs, expensive MBA programs
© 2017 University Herald, All rights reserved. Do not reproduce without permission.

Must Read

Controlling Robots With Brainwaves And Hand Gestures

Jun 23, 2018 AM EDTWhat if you can control robots with a simple flick of a finger? A team of experts is trying to make that a reality through this latest experiment.

Flavored Electronic Cigarettes Linked To Possible Cardiovascular Disease

Jun 16, 2018 AM EDTScientists from the Boston University School of Medicine looked into the effects of flavored e-cigarettes to the lining of blood vessels. Here are ...

LendingTree Study: Which Places Have the Most Student Debt?

May 31, 2018 AM EDTLendingTree outs its study that identifies places in the United States with the most student debt. Here's the complete list.

Best College Reviews Names 10 Best Master's in Biomedical Engineering Programs Online

May 31, 2018 AM EDTPlanning to pursue a master's degree in Biomedical Engineering? Here are some of the best online programs you need to consider.