UMD News Releases

Duluth - The MBA program offered by the Labovitz School of Business and Economics (LSBE) at the University of Minnesota Duluth (UMD) announces a dramatic reduction in tuition of approximately 25% at both of its program locations in Duluth and Rochester.

The School also recently announced that its graduate students may now apply for one of two newly instituted Dennis Maki Graduate Tuition Fellowships; each of which amounts to $6,000 per year with the possibility of renewal for a second year. The scholarship is a tuition fellowship; the funds can only be used to pay for tuition, not books or other items.

The new per credit tuition amount is $900 in Duluth and $1000 in Rochester, with the program requiring 32 credits. The lower MBA tuition rates are beginning Fall 2015.

“Tuition reductions at a major public university are virtually unheard of these days,” said Rajiv Vaidyanathan, LSBE’s professor of marketing and director of the MBA program. “I don’t think such a large cut in tuition has ever occurred in the history of the University of Minnesota. This was the only program which announced a cut in tuition. Being able to offer such a large reduction in tuition for a high-quality AACSB-accredited MBA program is an astounding real boon for the region and the State.”

While higher education costs are escalating elsewhere, UMD considered this an opportunity to make attaining an advanced degree more accessible to more people. “We wanted to ensure that high-quality business education was available to top quality candidates in Duluth and the surrounding area. With many employers limiting their tuition reimbursement, we felt that cutting MBA tuition by a meaningful amount would have a positive impact on individuals’ willingness to invest in themselves to boost their business skills.”

“There are many people who could qualify academically for our MBA program who just couldn’t afford the cost,” said Vaidyanathan. “We want the highly skilled, highly motivated individuals with work experience who have always wanted to get their MBA to consider it now.”

To learn more visit z.umn.edu/mba. Applications for the Dennis Maki Fellowship and other MBA Tuition Fellowships are due by July 15, 2015. For more information, visit http://z.umn.edu/mbafellowships/

The Labovitz School is accredited by AACSB (Association to Advance Collegiate Schools of Business) International, a prestigious distinction that has been awarded to less than 5% of business schools. The School’s MBA, offered in-person in Rochester and Duluth, is the only AACSB-accredited graduate program offered in those regions. Our program is geared towards working adults, giving the opportunity to graduate in as little as two years through an array of Friday night and Saturday morning classes offered every other week in Rochester and evening classes in Duluth.