2022-23 Expense Estimate – SCM Residential Program
| Expenses | Total Fall+Spring |
| Tuition | $80,400 |
| Student Life Fee | $396 |
| Extended Health Insurance | $3,089 |
| Estimated Living Expenses | $28,781 |
| Official Total Estimated Expenses | $111,830 |
| Additional Expenses | |
| Partial August Health Insurance | $TBD |
| Books and Supplies | $830 |
|
Additional dependent expenses *All rates subject to change |
$9,000 - $20,000+ |
At the time of acceptance a $2,500 deposit is due. The admissions deposit is non-refundable and will be applied to first semester tuition.
*MIT releases updated tuition and fees in the spring preceding the start of the academic year. The official expense estimate for will be published in July of each year.
Pro-Tip: Do ALL the Math!
An MIT master's in SCM costs considerably less than a traditional 2-year MBA from an elite university, with very comparable career and salary outcomes for many students. And you're back to work – and regular paychecks – after just 10 months on campus (5 months in the Blended cohort!).
We also offer significant fellowship funding to help students pay for their master's degrees; 77% of the class of 2022 received SCM fellowships, with a total of $755k awarded.
2022-23 Expense Estimate – SCM Blended Program
The total estimated cost for the SCMb program are listed below. This is the amount international students must show on their Proof of Funding. Tuition includes costs for all required classes and electives. There is no additional cost for taking electives beyond the requirements, subject to advisor approval.
Living expenses vary, depending on preferences and whether students live alone, with roommates, or have a family. Currently, a budget of $3,205 per month is recommended for single students on campus – $16,025 for the five month duration of the program.
| Expenses | Total |
| Tuition | $48,240 |
| Student life fee | $198 |
| Extended health insurance | $1,802 |
| Estimated living expenses (5 Months) | $16,025 |
| Official total estimated expenses | $66,265 |
| Additional Expenses | |
| Partial January health insurance | $TBD |
| Books and Supplies | $830 |
|
Additional dependent expenses *All rates subject to change |
$5,000 - $10,000+ |
At the time of acceptance a $2,500 deposit is due. The admissions deposit is non-refundable and will be applied to first semester tuition.
The SCM Blended Program requires preparatory work between September and December, prior to official enrollment. An additional pre-enrollment deposit of $2,500 is due September 1st. This deposit is non-refundable and will be transferred to student's financial accounts in December and applied to first semester tuition.
*MIT releases updated tuition and fees in the spring preceding the start of the academic year. The official expense estimate will be published in July of each year.
Full Disclosure: Cost of the MicroMasters
To earn a Blended SCM masters degree, a candidate must first earn the MITx MicroMasters® Program in Supply Chain Management as a verified learner, which costs about $1600 (see 2019-20 pricing update announcement).
Therefore, the total cost of the Blended master's program includes up to US$1600 not reflected in the tuition table shown here.