The University of Georgia (UGA) Professional MBA program is a highly respected and accredited graduate degree that offers working professionals the opportunity to advance their careers while balancing work and life responsibilities. One of the primary concerns for many prospective students is the affordability of the program. In this article, we will explore the UGA Professional MBA program's affordable options, including tuition, financial aid, and scholarships.
Program Overview and Cost
The UGA Professional MBA program is a 23-month, part-time program designed for working professionals. The program is offered at the Terry College of Business, which is accredited by the Association to Advance Collegiate Schools of Business (AACSB). The total tuition cost for the program is around 54,000 for in-state students and 64,000 for out-of-state students, making it a relatively affordable option compared to other top-ranked MBA programs.
Tuition and Fees
The tuition and fees for the UGA Professional MBA program are as follows:
| Category | In-State | Out-of-State |
|---|---|---|
| Tuition | $46,000 | $56,000 |
| Fees | $8,000 | $8,000 |
| Total | $54,000 | $64,000 |
It's worth noting that these costs do not include additional expenses such as textbooks, travel, and lodging for the program's residency requirements.
Financial Aid and Scholarships
The UGA Professional MBA program offers various financial aid and scholarship options to help students fund their education. These include:
- Federal student loans: Students can apply for federal student loans, such as the Federal Direct Loan program, to help cover the cost of tuition and fees.
- Private loans: Students can also apply for private loans from banks and other lenders to help cover the cost of tuition and fees.
- Scholarships: The UGA Professional MBA program offers various scholarships to students, including merit-based and need-based scholarships.
- Assistantships: Students can also apply for graduate assistantships, which provide a stipend and tuition waiver in exchange for work on campus.
Scholarship Opportunities
The UGA Professional MBA program offers various scholarship opportunities to students, including:
| Scholarship | Amount | Eligibility |
|---|---|---|
| Merit-based scholarship | Up to $10,000 | Based on academic performance and work experience |
| Need-based scholarship | Up to $5,000 | Based on financial need and academic performance |
| Diversity scholarship | Up to $5,000 | Based on diversity and inclusion criteria |
Return on Investment
The UGA Professional MBA program offers a strong return on investment, with graduates reporting significant increases in salary and career advancement opportunities. According to the program’s employment statistics, the average salary increase for graduates is around 25%, with some graduates reporting increases of up to 50% or more.
In terms of career advancement, the program's alumni network is strong, with many graduates going on to hold leadership positions in top companies and organizations. The program's career services team also provides support and resources to help students achieve their career goals.
Employment Statistics
The UGA Professional MBA program’s employment statistics are as follows:
| Category | Average | Range |
|---|---|---|
| Salary increase | 25% | 10%-50% |
| Job placement rate | 90% | 80%-100% |
| Time to job placement | 3 months | 1-6 months |
What is the tuition cost for the UGA Professional MBA program?
+The tuition cost for the UGA Professional MBA program is around 54,000 for in-state students and 64,000 for out-of-state students.
What financial aid and scholarship options are available to students?
+The UGA Professional MBA program offers various financial aid and scholarship options, including federal student loans, private loans, merit-based and need-based scholarships, and assistantships.
What is the return on investment for the UGA Professional MBA program?
+The UGA Professional MBA program offers a strong return on investment, with graduates reporting significant increases in salary and career advancement opportunities. The average salary increase for graduates is around 25%, with some graduates reporting increases of up to 50% or more.
