Full-Time MBA Tuition, Scholarships, and Financial Aid

Our advantage as a top-ranked "public ivy" means that you receive an exceptional education for an affordable price. Living in historic Williamsburg, Virginia allows you to enjoy a lower cost of living compared to programs in major metropolitan areas, while experiencing a historic and culturally rich community.


Please note that several expenses are one-time expenses and are not incurred during the second year of the program. The cost of a laptop, books, and supplies will vary greatly depending on individual needs.

If you are currently serving as active-duty military or think that you might qualify for in-state residency, please visit the William & Mary Domicile site to determine if you are eligible for Virginia residency for tuition purposes.

tuition and expenses breakdown
Tuition & Expenses Per Year
In-state Out-of-state
Tuition & Fees $37,632 $49,471
Room/Board (estimated) $8,330 $8,330
Computer/Software (estimated) $3,500 $3,500
Miscellaneous (transportation, medical, etc.) $3,000 $3,000
Books & Supplies (estimated) $1,900 $1,900
Orientation Program Fee (one-time non-refundable expense) $550 $550
MBAA Dues (one-time expense) $300 $300
W&M MBA Accounting & Quantitative Bootcamp (one-time expense) $450 $450

If you are an international candidate, please account for a one-time expense of $130 for International Student Orientation and an additional $65 per semester for ongoing International Student Services.

Scholarships & Assistantships

  • McGlothlin Scholars

  • Mason Scholars

  • Beta Gamma Sigma Scholarship

  • Peace Corps' Paul D. Coverdell Fellows Program

  • Pickering Graduate Fellowship

  • Rangel Graduate Fellowship

  • PROSPANICA: The Association of Hispanic Professionals

  • Graduate Assistantships

Scholarships and Assistantships information

Every new entering student is automatically considered for merit-based scholarships, leadership awards and graduate assistantship.

Scholarships and Assistantship information
McGlothlin Scholars

This designation includes a two-year scholarship that cover Full-Time MBA tuition. McGlothlin Scholars are students that have demonstrated academic excellence and strong leadership skills and have the capability to become extraordinary contributors to our program.

Mason Scholars

This designation includes a two-year scholarship that covers Full-Time MBA tuition. Mason Scholars are expected to contribute to our program through leadership and community service, and to inspire excellence in others.

Beta Gamma Sigma Scholarship

This prestigious award includes a two-year scholarship that covers Full-Time MBA tuition for a candidate who was inducted into the Beta Gamma Sigma Society (BGS) and who demonstrates outstanding professionalism and leadership potential. All BGS members will be considered for the award at the time of admission, please indicate BGS membership on your resume. BGS Scholarship recipients will be required to present their membership certificate upon enrollment. While only on BGS Scholarship will be granted per academic year, all BGS members are encouraged to apply and are eligible to compete for all generous merit-based awards available at the Mason School.

Peace Corps' Paul D. Coverdell Fellows Program

Returning Peace Corps Volunteers (RPCVs) are eligible for the Paul D. Coverdell Fellows Program. This program will provide scholarship support ranging from half to full tuition, based on merit qualifications. Coverdell Fellows will be required to participate in an internship per the guidelines on the Peace Corps website. To redeem, contact the Admissions Office prior to submitting your electronic application. Coverdell Fellows are still eligible for additional scholarship funding & Graduate Assistantship opportunities beyond the 50% baseline support.

Pickering Graduate Fellowship

More Information on Fellowship

Rangel Graduate Fellowship

More Information on Fellowship

PROSPANICA: The Association of Hispanic Professionals

Several scholarships per academic year will cover part or full tuition. Applicants must be U.S. residents or permanent residents and have a minimum GPA of 3.0 on a 4.0 scale (or equivalent) from either a bachelor's or master's degree. Preference will be given, but is not limited to, students of Hispanic heritage or students with a demonstrated commitment to the Hispanic community.

Graduate Assistantship (GA)

Graduate Assistantships (GAs) offer students an excellent opportunity to work closely with a faculty member on valuable research or on projects with administrative units in the Raymond A. Mason School of Business. Some of these assistantships may permit out-of-state and international students to pay tuition at the in-state level, which is a substantial cost savings. A modest research stipend accompanies most assistantships. Although assistantship designations are made at the time of admission, they typically take place only in the students' second year of the Full-Time MBA program.

Alumni Referral Program

William & Mary graduates now have the opportunity to share the MBA experience with friends, family, co-workers, and peers, and help them receive a $10,000 scholarship for the Full-Time MBA program.

To participate in this new program, William & Mary alumni need only to refer and endorse a candidate for admission and encourage them to apply. If the candidate is admitted to the full-time program, they will receive a scholarship of $5,000 each year for the two years of the program.

The Details:

  • Students who are referred and apply will receive a $10,000 Alumni Referral Scholarship upon acceptance into the program.
  • Participating alumni can refer up to three students per academic year.
  • Admitted students may only receive one Alumni Referral Scholarship per year, regardless of the number of referrals they receive.
  • Admitted candidates may be eligible for additional merit-based scholarships and graduate assistantships.

Submit your referral

For questions about the referral program, contact Kim Sperling, Senior Director of Development & Alumni Engagement for MBA programs at 757-221-7848 or [[m|kimberly.sperling]].

For questions about Full-Time MBA Admissions, candidates are invited to contact Amanda Barth, Assistant Dean of MBA Admissions at 757-221-2944 or [[m|amanda.barth]].

Financial Aid

Many students utilize loans to finance a portion of their MBA education. Loan eligibility for U.S. Citizens and Permanent Residents is determined by the information provided on the Free Application for Federal Student Aid (FAFSA), which is submitted to the U.S. Department of Education. Entering U.S. MBA students submitting their FAFSA to the Department of Education before March 1 will be given first priority in determining loan eligibility.

Loans for International Students

International applicants interested in student loan programs should investigate private loan programs in their home countries as well as in the U.S.

William & Mary's Office of Financial Aid has information available on their website for private loans for international students who have access to a qualified co-signer. William & Mary has strong partnerships with Prodigy Finance, MPower Finance and FIDERH. We encourage international candidates to explore global loan-funding through these organizations.

For questions related to Financial Aid, please contact the Business School's Financial Aid Counselor at William & Mary's central financial aid office.

Jennifer Meier
Senior Assistant Director Counselor for Business School Graduate Students
[[w|jmmeie]] | 757-221-2426