For the incoming class of 2021, the average MBA applicant planned to pay for business school through a mix of financing sources. 26 percent of the total expenses needed for their business school experience was allocated to grants, fellowships, and scholarships while 25 percent was allocated to loans. Personal savings, parental support, personal earnings, and employer reimbursement made up the rest.
Share of financing sources expected to cover the total expenses of the business school experience for the average MBA applicant in the incoming class of 2021
Characteristic
Share of financing sources
Grants, fellowships, scholarships
26%
Loans
25%
Personal savings
16%
Parental support
12%
Personal earnings
12%
Employer
6%
• Grants, fellowships, scholarships 26%
• Loans 25%
• Personal savings 16%
• Parental support 12%
• Personal earnings 12%
• Employer 6%
Add this content to your personal favorites. These can be accessed from the favorites menu in the main navigation.
Adjust the presentation of the statistic and data points.
Share the statistic on social media channels or embed the statistic in your
website using "Embed Code", where available.
Cite this statistic and select one of the following formats: APA, Chicago, Harvard, MLA & Bluebook.
Print the statistic including description and metadata.
Chart type
Share of financing sources expected to cover the total expenses of the business school experience for the average MBA applicant in the incoming class of 2021
You have no right to use this feature.
Make sure to contact us if you are interested in scientific citation.
You can upgrade your account to enable this functionality for all statistics.
This feature is not available with your current account.Request access
Learn more about how Statista can support your business.
Graduate Management Admission Council. (April 20, 2021). Share of financing sources expected to cover the total expenses of the business school experience for the average MBA applicant in the incoming class of 2021 [Graph]. In Statista. Retrieved April 29, 2025, from https://www.statista.com/statistics/240067/financing-options-considered-by-mba-applicants-in-us-and-canada/
Graduate Management Admission Council. "Share of financing sources expected to cover the total expenses of the business school experience for the average MBA applicant in the incoming class of 2021." Chart. April 20, 2021. Statista. Accessed April 29, 2025. https://www.statista.com/statistics/240067/financing-options-considered-by-mba-applicants-in-us-and-canada/
Graduate Management Admission Council. (2021). Share of financing sources expected to cover the total expenses of the business school experience for the average MBA applicant in the incoming class of 2021. Statista. Statista Inc.. Accessed: April 29, 2025. https://www.statista.com/statistics/240067/financing-options-considered-by-mba-applicants-in-us-and-canada/
Graduate Management Admission Council. "Share of Financing Sources Expected to Cover The Total Expenses of The Business School Experience for The Average Mba Applicant in The Incoming Class of 2021." Statista, Statista Inc., 20 Apr 2021, https://www.statista.com/statistics/240067/financing-options-considered-by-mba-applicants-in-us-and-canada/
Graduate Management Admission Council, Share of financing sources expected to cover the total expenses of the business school experience for the average MBA applicant in the incoming class of 2021 Statista, https://www.statista.com/statistics/240067/financing-options-considered-by-mba-applicants-in-us-and-canada/ (last visited April 29, 2025)
Share of financing sources expected to cover the total expenses of the business school experience for the average MBA applicant in the incoming class of 2021 [Graph], Graduate Management Admission Council, April 20, 2021. [Online]. Available: https://www.statista.com/statistics/240067/financing-options-considered-by-mba-applicants-in-us-and-canada/
Profit from additional features with an Employee Account
Please create an employee account to be able to mark statistics as favorites.
Then you can access your favorite statistics via the star in the header.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
