Introduction
Pursuing an MBA can significantly enhance your career prospects, but it’s crucial to understand the associated costs to make an informed decision. This article provides a comprehensive overview of the Dominican University MBA Cost, including tuition, fees, living expenses, and potential financial aid options.
Tuition and Fees
For the 2023-2024 academic year, Dominican University offers two MBA programs:
- Executive MBA (EMBA): $102,165 total
- Professional MBA (PMBA): $79,510 total
The total cost includes tuition, program fees, orientation fees, and technology fees. Tuition is charged on a per-credit basis, with a total of 60 credits required for the EMBA and 50 credits for the PMBA.
Living Expenses
Living expenses vary depending on your lifestyle and location, but here’s an estimate for San Rafael, California, where Dominican University is located:
| Category | Monthly Cost |
|---|---|
| Rent | $1,500-$2,500 |
| Utilities | $200-$300 |
| Groceries | $300-$400 |
| Transportation | $200-$400 |
| Other expenses | $300-$500 |
Based on these estimates, living expenses could range from $2,500 to $4,100 per month. For the duration of the program (2 years for PMBA and 2.5 years for EMBA), total living expenses could be approximately $60,000 to $122,400.
Financial Aid Options
Dominican University offers various financial aid options to assist students with their MBA expenses, including:
- Scholarships: Merit-based awards ranging from $5,000 to $25,000 per year.
- Graduate Assistantships: Opportunities to work in various university departments while receiving partial tuition remission and a stipend.
- Fellowships: Prestigious awards that cover full tuition and fees, as well as living expenses.
- Loans: Federal and private loans are available to cover tuition, fees, and living expenses.
Return on Investment
The return on investment (ROI) for an MBA from Dominican University is significant. According to PayScale, graduates of the PMBA program earn an average salary of $115,000, while EMBA graduates earn an average salary of $140,000. These salaries significantly exceed the national average salaries for MBA graduates.
Pros and Cons of Dominican University MBA
Pros:
- Strong reputation and long-standing history
- Experienced and highly qualified faculty
- Flexible program structure (EMBA and PMBA options)
- Career development and alumni support services
- Potential for high ROI
Cons:
- Higher tuition costs compared to some other MBA programs
- Limited campus space, especially for the EMBA program
- Lack of on-campus housing options
- Limited parking availability
Frequently Asked Questions (FAQs)
-
What is the deadline to apply for the Dominican University MBA program?
– EMBA: July 15 for Fall, November 1 for Spring
– PMBA: June 1 for Fall, October 1 for Spring -
What is the average GMAT score for admitted students?
– EMBA: 600-700
– PMBA: 580-650 -
Are there any scholarships available for international students?
– Yes, there are limited scholarships available based on merit and financial need. -
What is the acceptance rate for the Dominican University MBA program?
– The acceptance rate varies year to year, but it typically hovers around 30-40%. -
How long does it take to complete the MBA program?
– EMBA: 2.5 years
– PMBA: 2 years -
What is the average salary for Dominican University MBA graduates?
– PMBA: $115,000
– EMBA: $140,000 -
Are there any online or part-time MBA options available?
– No, Dominican University does not offer online or part-time MBA programs at this time. -
How can I prepare for the MBA application process?
– Take a GMAT or GRE preparation course.
– Develop a strong resume and personal statement.
– Network with professionals in your field and seek letters of recommendation.
