Overview
If you are planning to study management at Cornell University, understanding the total cost is essential before applying. Cornell’s official program is the Master of Professional Studies in Management (MPS in Management), a full-time program designed for students looking to build a strong foundation in business.
The tuition is only one part of the overall cost. Students should also budget for housing, food, transportation, books, personal expenses and mandatory university fees.
Cornell MIM Fees at a Glance
| Expense | Estimated Cost |
|---|---|
| Tuition | $73,946 |
| Mandatory Fees | $701 |
| Books & Course Materials | $2,464 |
| Food | $5,768 |
| Housing | $19,962 |
| Transportation | $3,754 |
| Personal Expenses | $4,196 |
| Total Listed Costs | $100,791 |
The total above is the sum of Cornell’s currently published estimated costs. Health insurance is mandatory, but Cornell notes that the applicable health and accident insurance rate will be confirmed later, so it is not included in the $100,791 figure.
Cornell MPS in Management Tuition
The current published tuition for the Cornell MPS in Management is $73,946 for the academic year.
Tuition represents the largest part of the investment, but students should not use tuition alone when calculating their budget. Cornell also provides estimated costs for housing, food, transportation, course materials and personal expenses.
Cost of Living at Cornell
Living expenses are an important part of the total cost, particularly for international students moving to Ithaca.
| Living Expense | Estimated Cost |
|---|---|
| Housing | $19,962 |
| Food | $5,768 |
| Transportation | $3,754 |
| Personal Expenses | $4,196 |
Housing is the largest non-tuition expense in Cornell’s current estimate, followed by food, transportation and personal expenses.
Other Cornell MIM Costs
In addition to tuition and living expenses, Cornell estimates $701 in mandatory fees and $2,464 for books and course materials.
The mandatory fees include the student activity fee and Cornell Health fee.
Students should also account for the mandatory health insurance requirement when preparing their final budget.
What Is the Total Cost of Cornell MIM?
Adding Cornell’s currently listed tuition, mandatory fees, books, food, housing, transportation and personal expenses gives an estimated total of $100,791 for the academic year.
This should be treated as a planning figure rather than the final amount you will pay. Health insurance is mandatory and is not included because Cornell states that the applicable rate will be confirmed later.
Cornell MIM Scholarships
Cornell automatically considers all applicants for merit-based scholarships when they submit their application. Students who apply early receive priority consideration for scholarships.
This makes applying early particularly important for students who are depending on merit-based financial support to reduce the overall cost of the program.
Cornell MIM Funding Options
Beyond merit scholarships, Cornell lists several financial support options for eligible students.
- Merit-based scholarships
- Needs-based scholarships and grants
- Federal and state grants
- Work-study
- Federal student loans
- Financial support for study abroad and field-study experiences
The availability and eligibility of individual funding options can vary, so students should review their options carefully when planning how to finance the degree.
Is Cornell MIM Worth the Cost?
The Cornell MPS in Management is a significant financial investment, with tuition of $73,946 and an estimated listed cost of approximately $100,791 before health insurance.
For students targeting a career in business, consulting, finance, technology or other management-related fields, the value of the program should be considered alongside Cornell’s academic reputation, business network and career opportunities.
Students should evaluate the total cost against their expected career outcomes, available scholarships and personal financing before making a final decision.
FAQs
How much is Cornell MIM tuition?
Cornell’s official MPS in Management tuition is currently $73,946 for the academic year.
What is the total cost of Cornell MIM?
Cornell’s currently listed tuition, mandatory fees, books, food, housing, transportation and personal expenses total approximately $100,791. Health insurance is mandatory but is not included in this figure.
Does Cornell offer scholarships for the MPS in Management?
Yes. All applicants are automatically considered for merit-based scholarships, with priority scholarship consideration given to students who apply early.
Does Cornell offer financial aid for the MPS in Management?
Yes. Cornell lists needs-based scholarships and grants, federal and state grants, work-study, federal student loans and financial support for study abroad or field-study experiences among its potential funding options.
Are Cornell MPS students required to have health insurance?
Yes. Cornell states that health and accident insurance is mandatory for all students and accompanying family members. The applicable rate is confirmed separately.
What is the official name of the Cornell MIM?
The official Cornell program is called the Master of Professional Studies in Management (MPS in Management). It is a business master’s program rather than a program officially titled Master in Management.
Final Verdict
The Cornell MPS in Management requires a substantial financial investment, with $73,946 in tuition and approximately $100,791 in currently listed total costs before health insurance.
The good news is that Cornell automatically considers applicants for merit scholarships and offers several additional funding options. For students considering Cornell for its business education and long-term career opportunities, understanding the complete cost not just tuition is essential when planning the investment.
