Tuition
The Labovitz MBA is designed to keep tuition costs as affordable as possible. Designed for those who live in the Duluth and Rochester regions, costs are evaluated based on area income levels and overall degree return on investment for students. Among AACSB-accredited programs, we aim to ensure our degree is accessible to as many students as possible.
One way we enable this affordability is by placing the prerequisite courses outside of the MBA program rather than incorporating them. By doing so, we reduce the overall number of graduate-level courses (and thus the graduate-level tuition) required. When comparing costs, make sure to compare total program costs—not just the per-credit cost. You will see that the Labovitz MBA is competitively priced, especially for an AACSB-accredited program with the global recognition of the University of Minnesota.
| Tuition Costs (2023- 24) | Duluth | |
| Per Credit | $1,001.25 per credit | |
| Per Course (1 credit) | $1,001.25 | |
| Per Course (2 credits) | $2,002.50 | |
| Per Course (3 credits) | $3,003.75 | |
| Total Program | $32,040.00 |
| Tuition Costs (2023- 24) | Rochester | |
| Per Credit | $1,111.15 per credit | |
| Per Course (1 credit) | $1,111.15 | |
| Per Course (2 credits) | $2,222.30 | |
| Per Course (3 credits) | $3,333.45 | |
| Total Program | $35,556.80 |
Other information about Tuition costs, fees, and other financial topics can be found here.
Financial Aid
A number of employers provide tuition reimbursement assistance to employees who attend the Labovitz MBA program. In addition, there are a number of other ways to obtain assistance in covering the cost of a Labovitz MBA. See below:
All incoming and current students are eligible to apply for scholarships and fellowships via the online application form. To apply, you must ALSO have been admitted to the MBA program, or have a completed MBA program application submitted with a future term of admission selected, by May 1.
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Thomas & Mary Duff Graduate Tuition Fellowship
Thomas & Mary Duff Graduate Tuition Fellowship
The fellowship is intended to provide funds for graduate students enrolled in the Labovitz MBA Program in honor of Thomas B. Duff, a long-time faculty member and previous MBA director. The Labovitz School of Business and Economics is delighted to announce the availability of the Tom and Mary Duff Graduate Tuition Fellowship at $1,500 for the academic year. Fellowship Application. Application deadline is May 1, 2024.
Fellowship criteria include:
- Current MBA Student or Applicant Eligible for Admission
- Good Academic Standing
- Exceptional Potential in their Field
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Fred C. and Mary H. Lewis UMD MBA Scholarship
Fred C. and Mary H. Lewis UMD MBA Scholarship
Offered in partnership with the Duluth Superior Area Community Foundation, the UMD Labovitz School of Business and Economics (LSBE) is delighted to announce availability of the Fred C. and Mary H. Lewis UMD MBA Scholarship. The annual scholarship award typically ranges from $9,000 to $12,000 and may be renewable for a second year based on performance in the program and responsible citizenship. A FAFSA is required. Scholarship Application. Application deadline is May 1, 2024.
Fellowship criteria include:
- High school graduate from Duluth, Superior, Proctor, Esko, or Hermantown who will be enrolled as a full-time student in the Labovitz MBA program
- An undergraduate GPA of 3.00 or higher
- Financial need
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Lilyquist Family MBA Scholarship
Lilyquist Family MBA Scholarship
The fellowship was founded by Carol Lilyquist in honor of her husband John who was a student in the very first MBA class. The Labovitz School of Business and Economics is delighted to announce the availability of the Lilyquist Family MBA Scholarship at $5,000 for the academic year. A FAFSA is required. Scholarship Application. Application deadline is May 1, 2024.
Fellowship criteria include:
- Current MBA Student or Applicant Eligible for Admission
- Financial need
- Taking courses on the Duluth campus
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Maki Graduate Tuition Fellowships
Maki Graduate Tuition Fellowships
Thanks to funding from a private donor, the Labovitz MBA program is delighted to announce the availability of two Maki Graduate Tuition Fellowships at $6,000 each for the academic year. The Fellowship may be renewable for a second year based on performance in the program. Students who previously received the undergraduate Maki Scholarship will be given preference for the Maki Graduate Tuition Fellowship. A FAFSA is required. Fellowship Application. Application deadline is May 1, 2024.
Fellowship criteria include:
- Demonstrated Financial Need
- Academic Caliber
- Level of Prior Work Experience
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LSBE Graduate Student Tuition Fellowships
LSBE Graduate Student Tuition Fellowships
The Labovitz MBA program also has a limited number of LSBE Graduate Student Tuition Fellowships. Thanks to funding from the Graduate School, we will be offering merit fellowships ranging from $1,000-$2,000 to students admitted into the MBA program. Fellowship Application. Application deadline is May 1, 2024.
- Academic Merit
- Level of Supervisory Work Experience and Ability to Bring This Work Experience into the MBA Classroom
- Academic Commitment to the Program
2023-2024 Fellowship Recipients
2022-2023 Fellowship Recipients
2021-2022 Fellowship Recipients
2020-2021 Fellowship Recipients