Admissions

Scholarships and Merit-Based Award Details

Tippie's merit-based award packages can consist of a graduate assistantship (G.A.) and scholarship or a scholarship alone. These packages are funded by the university to attract the best MBA candidates.

For the Fall 2014 entering class, approximately 87% of admitted students received merit-based financial awards. The average award value (including cash and non-cash benefits) was $28,651 per year.

Criteria and How to Apply

Details on selection criteria and how to apply can be found on our MBA Scholarships page.

Financial Award Scenarios - Entering Class Fall 2014

The Tippie MBA offers three types of merit-based financial award packages. These scenarios list the percentage of students receiving each package and out-of-pocket tuition costs for students entering in Fall 2014. Exact amounts will be updated in Spring 2015 when the '15-'16 tuition amounts are released.

31 percent of the entering class of 2014 received Full-tuition Financial Awards.

Cash Benefits

Amount
Tuition (does not include fees)

Graduate Assistantships allow the holder, regardless of their residency status, to pay resident tuition rates. Tuition amount does not include university fees.

$19,592
Graduate Assistantship Salary

Paid directly to student in 10 installments September through June.
GA salary is not applied directly to tuition charges.

$9,040
Scholarship

This amount is applied directly to tuition bill.

$10,552

Total Out-of-Pocket Tuition Expense

$0.00

Non-Cash Benefit

 
Non-resident Tuition Discount

Applies for non-Iowa residents and international applicants

$16,358
Estimated health and dental benefits

Based on '14-'15 premiums for individual health/dental insurance.
Graduate Assistants receive a benefit of subsidized health insurance premiums. GAs pay approximately 10% of the total premium for individual plans and approximately 30% of the premium for plans that include spouse or children. GAs are responsible for 15% of dental insurance premiums for an individual policy; 30% of the premium for plans that include spouse/children.

$2,923

Total Merit-Based Award Value

$38,873

55 percent of the entering class of 2014 received Partial-tuition Financial Awards.

Cash Benefits

Amount
Tuition (does not include fees)

Graduate Assistantships allow the holder, regardless of their residency status, to pay Resident Tuition rates. Tuition amount does not include university fees.

$19,592
Graduate Assistantship Salary

Paid directly to student in 10 installments September through June.
GA salary is not applied directly to tuition charges.

$9,040
Scholarship

This amount is applied directly to tuition bill.

$8,252

Total Out-of-Pocket Tuition Expense

$2,300

Non-Cash Benefits

 
Non-resident Tuition Discount

Applies for non-Iowa residents and international applicants

$16,358
Estimated health and dental benefits

Based on '14-'15 premiums for individual health/dental insurance.
Graduate Assistants receive a benefit of subsidized health insurance premiums. GAs pay approximately 10% of the total premium for individual plans and approximately 30% of the premium for plans that include spouse or children. GAs are responsible for 15% of dental insurance premiums for an individual policy; 30% of the premium for plans that include spouse/children.

$2,923

Total Merit-Based Award Value

$36,573

2 percent of the entering class of 2014 received Scholarship-only Awards.

Breakdown for Iowa Residents

  Amount
Iowa Resident Tuition (does not include fees)

Tuition amount does not include university fees.

$19,592
Scholarship

Amount shown is an average of the Scholarship Awards given to recipients of this award.
This amount is applied directly to tuition bill.

$5,000

Average Out-of-Pocket Tuition Expense

$14,592

Breakdown for non-Iowa Residents

  Amount
Non-resident Tuition (does not include fees)

Tuition amount does not include university fees.

$35,950
Scholarship

Amount shown is an average of the Scholarship Awards given to recipients of this award.
This amount is applied directly to tuition bill.

$5,000

Average Out of Pocket Tuition Expense

$30,950

All amounts are annual and renewable for the second year of the MBA program.

About Graduate Assistantships

Assistantships are two-year awards, given as part of financial aid packages at the time of admission. Graduate assistants (GAs) work 10 hours per week for a department within the Tippie College of Business or the university.

See our Graduate Assistantships page for example GA positions and responsibilities.

In return, students receive a salary (amount detailed above; paid in 10 installments, Sept.-June), an automatic scholarship (also detailed above), as well as resident tuition status for out-of-state residents (a savings of over $15,000 per year), a reduction in fees of about $300, and a significant contribution toward health and dental insurance.

GAs are renewable for the second year of the MBA program provided the student maintains a 3.0 GPA or higher and satisfactory performance in the duties of his/her GA.

About Scholarships

The Tippie MBA scholarships are funded by alumni and friends of The University of Iowa. Scholarships awarded separately from a graduate assistantship aid package range from $2,000 to $10,000, depending on the strength of the candidate.

Scholarships are renewable for the second year of the MBA program provided the student maintains a 3.0 GPA or higher. If the scholarship is paired with a Graduate Assistantship, it is renewable with a 3.0 GPA or higher and satisfactory performance in the duties of his/her GA.