Tuition and Aid

An overview of tuition and support opportunities for students in the Penn State Smeal Executive MBA Program in Philadelphia.

Penn State Smeal Executive MBA tuition for the class entering in August 2023 is $102,000. This fee covers:

  • Tuition
  • Program fees
  • All course materials, meals, break service, and overnight lodging required for the 13-months of in-person classes associated with the two University Park residencies and alternating class weekends at Union League Liberty Hill. 
  • Specialized course software
  • Individual executive coaching and career support
  • All tuition and fees for (1) Smeal online graduate certificate that can be earned during the program or post graduation

Note about program cost: Books and materials for online courses are not included in the program cost. The Smeal EMBA does not provide students with laptop computers; however, discounts offered through Penn State's technology store are available for all registered students. 

Application Deadlines

The Penn State Smeal Executive MBA features multiple application deadlines throughout the year. Application reviews and decisions are made on a rolling basis. 

Deadlines for Fall 2023 Intake Submit Your Application By
1st Round November 1
2nd Round March 1
3rd Round May 15

Deposit Incentive

Students who are accepted and deposit by certain dates will receive an automatic reduction of their third semester's tuition.

Deposit By Tuition Discount Amount
December 1 $2,000
April 1 $1,500

Custom Executive Options

We provide additional optional learning experiences to help any leader evolve. For those who want to continue to advance their business knowledge and lifelong learning journey, consider our custom executive options.

  • Global Immersion
    • For a tuition add-on of $2,750*, students may choose to participate in our optional Global Immersion experience. This includes a weeklong global immersion trip to apply the global business skills learned throughout the curriculum. Past destinations include Brazil, the Czech Republic, Peru, South Africa, China and Turkey. The additional cost includes lodging for 7 nights, hotel breakfasts, a group city tour, (1) group dinner, up to (8) business visits, on-site support, 24-hour travel customer support, and travel health insurance.

*Fee subject to change

  • Earn an Extra Credential
    • Each Executive MBA student will have the opportunity to diversify their knowledge by earning a graduate certificate credential as part of the program. Students may work toward this credential during the program or earn one within three years of graduating. 

Financial Aid

More than 85 percent of our students cover some or all of the program costs on their own. Lack of or limited corporate financial support should not be a barrier to your enrollment. Several student loan products are available to help cover the costs of the program.

Most candidates are eligible for the federal Stafford Loan Program, which provides up to $20,500 in low-interest federal student loans per academic year. In addition, federal graduate PLUS loans can cover any remaining costs of the program. Low interest rates and flexible repayment timelines make these products an attractive option for those considering an executive MBA.

Contact Us: If you would like to discuss your payment and financial aid options, email Tara Banerjee at


Penn State's Smeal College of Business is pleased to be able to award limited scholarships to successful applicants based on merit. All those admitted to the Smeal EMBA will be considered for scholarships, with those completing applications by April 1, 2023 given priority.

Penn State Alumni Fellowship Award

Students who have completed a degree through Penn State University are eligible to receive a one time award of $5,000 toward their EMBA tuition. Penn State Alumni should contact us to learn more and confirm eligibility.

Ready to begin your application? Visit our Apply page to take the next step.