Rice Online Mba Scholarships – What is the MBA sticker price? Even for applicants who are confident that school will be their next step, the financial commitment is significant. For applicants still deciding, calculating the variables – tuition, time, family, work and community responsibilities – can be overwhelming. Both types may wonder how affordable a rice MBA actually is.
I want to share a number of perspectives on how accessible our programs can be for students who meet Rice’s admissions criteria. As Rice’s Director of Financial Services, I have the responsibility to show applicants the many options that can make this great education available. There are scholarships, financial aid, loans inside and outside of school.
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The key concept to understand is what one-on-one teaching can look like. That’s why it’s imperative that you contact me if you want an MBA at Rice. Trying to figure out teaching options without help is, frankly, overwhelming. I know all the possible areas where tuition can be reduced, and there are many. And I’m available individually to find whatever break you need.
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The first question many students ask is about loans. There are two types: federal and private. Federal loans are often easier to obtain. But private loans can offer better interest rates. Neither is a bad option, but depending on your situation, one might be best for you overall.
Rice also awards an impressive list of merit-based scholarships, mostly to full-time MBA students: about $6.5 million in 2022 in a full-time class of about 170 students. We are especially proud of our sponsorship of the full-time MBA program, in which students stop working for two years: more than 83% of them will receive some sort of scholarship.
Outside of school there are even more scholarships. I can help you find them. That’s why I recommend candidates talk to me as soon as possible when considering their MBA to make the most of the options available. School may seem very expensive, but I’ll show you what you’re really paying, and it’s usually less than the sticker price, especially if you’re a full-time MBA.
Knowing this can be a deciding factor. For Barkat Syed, a 2020 full-time MBA, the scholarship not only helped him cover his tuition, but also allowed him to fully focus on his studies once he got there. “My family can rest easy knowing that I can take care of myself without having to impose anything on them,” Syed said thanks to the Rice scholarship.
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As you consider the true dollar value of your education, you will also want to know the long-term return on this investment. In a fun video, Rice professor James Weston does the math. Running the same kind of equation you would use to make other important decisions, Weston shows that the return on investment (ROI) of a two-year college degree – even without school breaks – gives a lifetime salary ROI of 20%.
Another important part of your school’s ROI will be preparing for the disruptions and unexpected demands of the 21st century. That’s part of the equation for Rosalie Maffitt, a second-year student in the professional program. Although the program does not have the same salary as the full-time program, Maffitt chose it because she could receive her salary without interruption while she positioned herself to advance.
“Having a job is important to me and I knew I had some knowledge gaps in that area,” she said. “For example, I have been in enough situations where my boss asked me to review the company’s financials to provide a short report, where more formal training would be helpful.” A former professor suggested Rice because he doesn’t have to leave the workforce to advance through higher-level skills and a new network. In fact, Maffitt said, her career with the Rice Group was one of the program’s biggest benefits because of the life and work experience of her classmates.
“The world is changing faster than ever,” Maffitt said. “What made me successful 10 years ago won’t necessarily make me successful 10 years from now. “I firmly believe that having a strong professional skill set is essential to adapt to change and make more professional choices.”
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“For first-generation Americans, women and underrepresented minorities, the choice of teaching options is broad,” said Lina Bell, Rice’s executive director of diversity and inclusion. Rice is not far from people’s financial reach. If you are a competitive candidate who meets Rice’s criteria, it will most likely be financially feasible for you. We trade based on potential. So if you have the leadership, the scientific talent and the leadership potential, the funding is available.
Bell said some of the funding comes in partnership with national groups that promote a diverse student body: among them the National Association of Black MBAs, Prospanica, The Forte Foundation and The Consortium.
“There’s just a whole world of options out there,” Bell said. Once you take advantage of these opportunities, your Rice MBA can change your career path. It can be exponential in terms of professional success. It can change who you are in the world.”
In July, Rice welcomes its first cohort of students to its newly launched hybrid MBA program. Principal Peter Rodriguez talks about the decision to build the program and why the market was ready at Rice.
Rice University’s Jones Graduate School Of Business
Rice is committed to helping you accelerate your career at every stage and supporting your professional growth even after graduation. The earning potential makes investing in an MBA worth it. A small, selective school with a stimulating and supportive learning culture. Accurate and relevant. From professors who fuel your curiosity and make you ask the right questions.
Join us at our campus in the heart of Houston for our world-class, full-time program. Immerse yourself in clubs, extracurricular activities and networking events, and customize your education by choosing from over 100 different electives. Or secure your place a few years later through our deferred enrollment program.
Accelerate your career or breakthrough without quitting your job. Evening or weekend options allow you to fit into your busy life.
Choose an MBA designed to accelerate your career on your timeline. Join us once a month for a long weekend on campus. Engage with the Rice community, build your lifelong network, and maintain flexibility with online classes during the week.
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Designed for experienced executives, our EMBA program attracts leaders from all industries and expands your perspective along with your network.
No matter where you are, advance your education and skills with a Rice MBA. Our online program attracts professionals who may not have the opportunity to study on campus. Classes start in January, April, July and October.
Earn two advanced degrees at once and integrate what you learn in one to enrich the other. Coordinated degrees at Rice University are completed in three years. A dual degree with Baylor College of Medicine is completed in five years.
Let’s say you belong here. And we mean it. We offer an intensive MBA program in a city full of opportunities. Gain real-world experience, expand your network, and shape your career. Our research-based curriculum, innovation and goal-oriented approach will empower you to become the leader you want to be. Discover the main reasons to choose Rice for your MBA.
Wall Of Honor
Once you’ve decided to make a career change with a Rice MBA, the next step is choosing the program that’s best for you. Here’s how to choose.
We’re here to help you transform your world. Our team will guide you on your journey from the moment you begin looking into the Rice MBA program to the moment you submit your application. At Rice, we believe you belong here, and our recruiting and admissions team will help you get there.
Imagine studying in one of the most intimate programs in the world with access to all the facilities of a university campus in the fourth largest city in the country.
Enter the job market with confidence. View job postings, hiring reports, salary information and more for professional and full-time MBA programs.
Be Who You Are
At Rice, you create connections that last a lifetime. Learn more about our strong alumni network who will support you throughout your MBA journey and beyond.
Our MBA blog showcases compelling stories from students and alumni, as well as unique features of our programs. Get an inside look at the rice experience.
My favorite thing has been the wide range of courses I’ve taken so far. From marketing to data analytics, I really feel like I have the full experience and have learned a lot. Taylor Moser MBA Professional ’22
More than 40 teams are competing to win $1.5 million in prizes in the world’s largest and richest student startup competition. Entrepreneurship is an integral part of the MBA experience, and the Rice Design Competition is just one of them
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