Share of financing sources expected to cover the total expenses of the business school experience for the average MBA applicant in the incoming class of 2021
Characteristic
Share of financing sources
Grants, fellowships, scholarships
26%
Loans
25%
Personal savings
16%
Parental support
12%
Personal earnings
12%
Employer
6%
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For the incoming class of 2021, the average MBA applicant planned to pay for business school through a mix of financing sources. 26 percent of the total expenses needed for their business school experience was allocated to grants, fellowships, and scholarships while 25 percent was allocated to loans. Personal savings, parental support, personal earnings, and employer reimbursement made up the rest.
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Graduate Management Admission Council. (April 20, 2021). Share of financing sources expected to cover the total expenses of the business school experience for the average MBA applicant in the incoming class of 2021 [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 26, 2026, from /statistics/240067/financing-options-considered-by-mba-applicants-in-us-and-canada/
Graduate Management Admission Council. "Share of financing sources expected to cover the total expenses of the business school experience for the average MBA applicant in the incoming class of 2021." Chart. April 20, 2021. ÌÇÐÄÆƽâ°æ. Accessed July 26, 2026. /statistics/240067/financing-options-considered-by-mba-applicants-in-us-and-canada/
Graduate Management Admission Council. (2021). Share of financing sources expected to cover the total expenses of the business school experience for the average MBA applicant in the incoming class of 2021. ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 26, 2026. /statistics/240067/financing-options-considered-by-mba-applicants-in-us-and-canada/
Graduate Management Admission Council. "Share of Financing Sources Expected to Cover The Total Expenses of The Business School Experience for The Average Mba Applicant in The Incoming Class of 2021." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 20 Apr 2021, /statistics/240067/financing-options-considered-by-mba-applicants-in-us-and-canada/
Graduate Management Admission Council, Share of financing sources expected to cover the total expenses of the business school experience for the average MBA applicant in the incoming class of 2021 ÌÇÐÄÆƽâ°æ, /statistics/240067/financing-options-considered-by-mba-applicants-in-us-and-canada/ (last visited July 26, 2026)
Share of financing sources expected to cover the total expenses of the business school experience for the average MBA applicant in the incoming class of 2021 [Graph], Graduate Management Admission Council, April 20, 2021. [Online]. Available: /statistics/240067/financing-options-considered-by-mba-applicants-in-us-and-canada/
