Begin planning how to fund your degree and when to submit a deposit to secure your place in the incoming class of MS in Management graduate students.
There are options available to help pay for your MSM education, including graduate assistantships, fellowships, military benefits, and federal loan options.
The MSM program requires 36 credit hours (30 credit hours for Kelley School of Business majors and minors), which can be completed in two or three semesters (international students can expect to finish in three semesters). The 6 credit hour course BUS-X 545 Business Foundations is required for nonbusiness students. All students are required to participate in Management Launch. Learn more about determining resident and nonresident student status on the University Policies website.
| Tuition expenses estimates based on 2024–25 | Indiana resident | Nonresident/international* |
|---|---|---|
| Tuition / credit hour fees (30 credits) | $22,614.90 | $43,030.50 |
| X 545 Business Foundations (6 credits) | $4,522.98 | $8,606.10 |
| Mandatory fees (required fees include student health, technology, student activity, and MSM program fees) | $2,352 | $2,352 |
| Total academic year cost | $30,989.88 (with X 545) $26,466.90 (without X 545) | $55,488.60 (with X 545) $46,882.50 (without X 545) |
Additional international student fees apply. US immigration regulations require you to demonstrate that you have sufficient funds to cover your expenses.
Tuition is subject to change every academic year. Visit the Indiana University Tuition and Fees website for the latest updates. Learn more about determining resident and nonresident student status on the University Policies website.
Located in Bloomington, Indiana, you’ll enjoy one of the lowest costs of living of any city with a major business school, yet experience all the amenities of a world-class campus with a thriving cultural scene and award-winning public transportation. IU has a helpful calculator for you to use when estimating your costs outside of tuition and mandatory fees.
| Estimated indirect expenses | Indiana resident | Nonresident/international* |
|---|---|---|
Housing and 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.) | $16,172 | $16,172 |
| Books and supplies | $1,034 | $1,034 |
| Transportation | Varies | Varies |
| Miscellaneous | $4,078 | $4,078 |
Once you are admitted and decide to attend the Kelley School of Business at Indiana University, there is a nonrefundable enrollment deposit of $500 USD, regardless of which round you apply in.
Merit-based graduate assistantships are awarded as five-hour or twelve-hour graduate assistant (GA) positions. Students work five or twelve hours a week for a Kelley School department or faculty member.
All admitted students are considered for GA positions—there is no separate application. If awarded an assistantship, you will receive notification via email. Award amounts are based upon your tuition residency status as determined by Indiana University. GAs are paid partially as a tuition waiver and partially as hourly employees for work completed each week.
A limited number of merit-based fellowships are awarded to entering students as departmental aid. All admitted students are considered for fellowships—there is no separate application. If awarded a fellowship, it will be included in your admission letter. The amount of the award and the number of awards vary each year, and the fellowships cover a portion of tuition costs.
For Indiana University students who are graduating with an undergraduate degree from the College of Arts and Sciences, STEM-based scholarships–up to $25,000 for out-of-state students and up to $15,000 for in-state students–are available.
Need-based aid: Federal and private loans and additional scholarships.
Options for all admitted students:
Domestic students
International students