FINANCIAL PLANNING FOR YOUR MBA
FINANCIAL PLANNING FOR YOUR MBA
Enrolling in an MBA program is an important commitment; thus, 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 program fee for the full-time MBA program is HK$600,000 (approximately US$76,930) for Intake 2023.
This applies for 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 self-enrichment activities. Course materials for flexible core and electives are not included.
Successful applicants are required to pay a non-refundable deposit of HK$50,000 (approximately US$6,400), which is deducted from their outstanding program fee. The remainder of the program 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 |
Tuition fee at HKUST already covers the exchange term credits. Exchange students will only need to pay their own travel & living expense, 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 HKUST MBA Merit Scholarship and professional awards to outstanding full-time MBA candidates. All candidates will be automatically considered.
For Terry Tsang MBA Admissions Scholarship and/ or Jebsen Educational Foundation MBA Scholarship, candidates need to indicate their interest during the application (application form required for Jebsen Educational Foundation MBA Scholarship).
HKUST’s alumni referral scheme attracts bright minds from diverse backgrounds. Those either with HKUST MBA or EMBA alumni acting as a referee or who are alumni of HKUST degree programs themselves will receive a tuition reduction.