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 of 2017 is $93,000. This fee covers tuition, textbooks, basic supplies, specialized course software, as well as all meals and lodging for overnight stays associated with the two University Park residence weeks, the alternating weekends at the Chubb Conference Center, and the global immersion experience.

The Smeal EMBA does not provide students with laptop computers since we have found that many prefer the ability to use their existing laptop (personal or work). Discounts offered through Penn State's technology store are available for all registered students. Visa, passport and air travel costs related to the global immersion are not covered.

Financial Aid

Among top executive MBA programs nationwide, more than 60 percent of 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.

All 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. More information can be found in our Cost and Loans flyer (PDF). To learn more about financial aid options, please contact us.

Early Deposit Incentive

Students who make an early commitment to attend the Smeal Executive MBA Program will receive a matching deposit discount. Enrollment deposits received by February 15th will receive a 100% match on the $1500 deposit. (Completed applications are due by 1/31.) Students who deposit by May 15th will receive a 50% match on the $1500 enrollment deposit. (Completed applications are due by 4/30.) All matching amounts will be applied to second year tuition charges.


The Smeal Executive MBA program offers a limited number of scholarships each year to students indicating a financial need who receive little to no financial sponsorship from their organizations. Should you be interested in applying for a scholarship, please submit an essay, as part of your application to the program, answering the following:

  • Describe in approximately 500 words why you feel you are deserving of a Smeal EMBA need-based scholarship.
  • Describe your financial need and sources of funding for the program, including amounts, (corporate sponsorship, student loans, personal funds, etc.) as well as how a scholarship will enable your success in the EMBA program.
  • In order to be considered for a scholarship, students must also complete the Free Application for Federal Student Aid (FAFSA).

Recipients will be selected on a merit basis by the admissions committee. If you have questions about the scholarship process, please contact us.

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 towards their EMBA tuition. Penn State Alumni should contact us to learn more and confirm eligibility.