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 2022 is $102,000. This fee covers:

  • Tuition
  • Program fees
  • All textbooks, 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
  • Executive coaching
  • All tuition fees for (1) Smeal online graduate certificate that can be earned as a concentration during the program or post graduation

Custom Executive Options

The Penn State Smeal Executive MBA provides additional optional learning experiences to help any leader evolve, at a fraction of the full cost. 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 (7) business visits, on-site support, 24-hour travel customer support, and travel health insurance.
  • Online Graduate Certificate from Penn State Smeal
    • For a tuition add-on of $5,000, Executive MBA students may choose to earn a second online specialty graduate certification from Smeal at a fraction of the full cost.
  • Online Specialty Master’s Degree from Penn State Smeal
    • For a tuition add-on of $15,000, Executive MBA students may choose to earn one of five available online specialty master’s from Smeal at a fraction of the full cost.
      • Master’s in Corporate Innovation & Entrepreneurship
      • Master’s in Strategic Management & Executive Leadership
      • Master’s in Marketing Analytics & Insights
      • Master of Supply Chain Management
      • Master’s in Taxation 

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. 

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

Early Commitment Incentive

Students who make an early commitment to attend the Smeal Executive MBA will receive a tuition discount. Student must complete the application process, be offered admission, and submit a $1,500 non-refundable enrollment deposit within the deadlines in order to receive this incentive. Enrollment deposits are credited toward the tuition charges for the first semester. Tuition discount amounts will be applied to second-year tuition charges. Please see the table below for the rolling deadlines.

Early Commitment Incentive Deadlines
Early Deadline Enrollment Dates Discount Amount
November 30, 2021 $2,100
December 31, 2021 $1,800
January 31, 2022 $1,500
February 28, 2022 $1,200
March 31, 2022 $900
April 30, 2022 $600
May 31, 2022 $300


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 May 1, 2022 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.