The value of a Kelley Full-Time +Flex MBA is our unmatched rank-to-cost ratio—and the +Flex options go even further to enhance your ROI. Starting full-time employment or returning to family while you take online classes in year two could save on costs.
| Expense category | Indiana residents | Nonresidents/ international |
|---|---|---|
| Tuition Tuition covers all MBA courses for the academic year. | $29,573 | $55,695 |
| Mandatory fees Required fees include student health, technology, student activity, and MBA program fees. | $2,405 | $2,405 |
| Housing & food Estimated cost of a single room in a graduate residence hall or the average rent for a two-bedroom unfurnished apartment, shared with a roommate. More than 90% of MBA students live off campus. | $16,172 | $16,172 |
| Books and supplies | $1,950 | $1,950 |
| Transportation | $2,958 | $2,958 |
| Miscellaneous | $4,078 | $4,078 |
| Total | $57,136 | $83,258 |
Merit-based scholarships, fellowships, and assistantships
Merit aid
More than 90% of our students receive merit aid, with awards ranging from $15,000 to full tuition. There’s no need for an additional application—all merit aid is awarded through the admissions process.
We base merit aid awards on the following criteria, without regard to financial need:
Dean’s Fellowships
Dean’s Fellowships—providing two years of full tuition—are awarded to students who are truly exceptional in terms of their total profile including work experience, test scores, undergraduate performance, leadership potential, and admissions interview. Dean’s Fellows have access to the Kelley Dean’s Council, a group of leaders from some of the most important companies in the world.
Forté Fellowships
Forté’s mission is to increase the number of female business leaders and to support their careers through business education and networks. Female students named Forté Fellows will receive an award ranging from $15,000 up to full tuition for each of their two years in the Kelley MBA Program.
Global Fellowships
Through the Kelley Full-Time +Flex MBA Program, eligible candidates are offered Global Fellowships of $35,000 to be used toward tuition and fees during each of the two years in the program. Preference is given to students from Latin America or with a direct Latin American connection such as knowledge of Spanish, Hispanic ancestry, nationals from Latin American countries, or work experience with Latin American companies. Students who are Mexican nationals may be eligible for additional funding through FUNED.
Kelley School of Business Merit Fellowship
Students demonstrating strong academic skills and leadership abilities are eligible for awards ranging from $15,000 to a full-tuition fellowship award per academic year. Awards given to first-year students are renewable for their second year in the program.
ROMBA
The Reaching Out LGBTQ MBA Fellowship was created to demonstrate that business schools are the top destination to develop the out LGBTQ and active ally business leaders of tomorrow. Students that self-identify as LGBTQ or active ally will be invited to write an essay explaining how they plan on furthering ROMBA’s mission and supporting the LGBTQ community at Kelley. The ROMBA Fellowship is awarded in addition to any other merit-based financial aid offered at admission. Not only do recipients receive financial support, they gain access to Reaching Out’s corporate partners and network of more than 10,000 peers and alumni.
Professional Student Employee Program
Students have the opportunity to apply for paid positions within Kelley School of Business academic departments and offices starting spring semester of their first year. Work may include grading, research, and administrative tasks. Positions range from five to twelve hours per week and are paid at an hourly rate of $18.75. Further information and applications are available in October, at the midpoint of the first semester.
Two merit-based supplemental fellowships are available to admitted candidates who do not qualify for Indiana in-state tuition but have high school or undergraduate ties to Indiana. These fellowships reduce or eliminate the gap between resident and nonresident tuition, and they may be combined with additional scholarships and fellowships offered as part of admission.
Back to Bloomington Fellowship
Back to Bloomington Fellowships will be awarded to admitted students who have completed their undergraduate education at Indiana University Bloomington and have demonstrated achievement in academics or leadership. These awards range from $10,000 up to the full difference between resident and nonresident tuition rates. Graduates of the Kelley School of Business on the IU Indianapolis campus will also be considered for this award.
Hoosier Heritage Fellowship
Applicants with strong academic credentials or extraordinary achievement in leadership are eligible for the Hoosier Heritage Fellowship if they completed their undergraduate education at a college or university in Indiana, other than Indiana University Bloomington. The Hoosier Heritage Fellowship award ranges from $5,000 up to the full difference between nonresident and resident tuition rates.
Applicants who graduated from an Indiana high school but did not attend an Indiana college or university can submit their high school transcript or diploma for Hoosier Heritage Fellowship consideration.
Need-based aid: Federal and private loans and additional scholarships
Options for all admitted students:
Domestic students
International students
As one of three founding schools of The Consortium for Graduate Study in Management, we strive to enhance diversity in business education. Eligible applicants should complete the Consortium application instead of Kelley’s application to be considered for a Consortium fellowship covering full tuition and fees.
Consortium application
US immigration regulations require you to demonstrate that you have sufficient funds to cover your expenses for a 12-month period.