FINANCIAL PLANNING FOR YOUR MBA
FINANCIAL PLANNING FOR YOUR MBA
Enrolling in an MBA program is an important commitment; as such, good financial planning is essential. Non-Hong Kong residents must apply for a student visa, which requires proof of sufficient financial resources to support your studies.
Program Fee
The full-time MBA program costs HK$600,000 (approximately US$76,930)for Intake 2024. This is for the entire MBA program.
This applies to both the 12- and 16-month options, as they both require 52 credits. This covers tuition, textbooks and course materials for core courses, and certain enrichment activities. Course materials for electives are not included .
Successful applicants are required to pay a non-refundable deposit of HK$65,000 (provisional, approximately US$8,300), which is deducted from their outstanding fee. The remainder of the fee is normally paid in two installments.
Other estimated expenses
| HKD | USD (approx. eqv) | |
|---|---|---|
| Accommodation off-campus (shared living, average for 12 months) | $120,000 | $15,390 |
| Books and supplies | $10,000 | $1,300 |
| Living expenses (12 months) | $84,000 | $10,770 |
| Miscellaneous | $30,000 | $3,850 |
| Optional field trips | $15,000 | $1,930 |
| Total other expenses | $259,000 | $33,240 |
The HKUST tuition fee covers the exchange term credits. Exchange students will only need to pay their own travel and living expenses, administrative fees, and course materials. Travel and living expenses vary according to the location of the school and are excluded from the program fee above. Rental prices for off-campus shared living are subject to market fluctuation.
We offer the HKUST MBA Merit Scholarship and Awards to outstanding full-time MBA candidates. Candidates will be considered based on a holistic assessment of their application. Interested candidates are encouraged to apply as soon as possible.
Donated by the honorable Mr. Albert Chiu, Executive Chairman of EFG Bank for Asia Pacific Region, the Albert and Teggy Chiu MBA Scholarship is open to full-time MBA applicants who demonstrate excellent academic result, professional achievement, and admissions performance.
Awarded by Jebsen & Co. Ltd., the Jebsen Scholarship is available to Full-time MBA students who are permanent residents of mainland China or the HKSAR.
Awarded by HKUST MBA alumnus Mr. Terry Tsang and HKUST alumnus Mr. Terence Tsang, the scholarship is offered to newly admitted candidates who demonstrate excellent work experience, international exposure and academic performance, also with outstanding performance in the admissions process.
