Business School Faculty Votes MBA Tuition Hike

The Business School faculty yesterday unanimously recommended that tuition for the Master of Business Administration (MBA) program be increased next fall.

The faculty vote culminated a 20-month study by the MBA Tuition Policy Committee. The committee, chaired by Martin V. Marshall, professor of Business Administration, was set up to study the Business School's financial problems.

The faculty left the decision of the amount of the increase to Lawrence E. Fouraker, dean of the Business School, School.

Consultation

Fouraker will consult with the MBA Policy and Operating Committee, the MBA Admissions and Financial Aid Committee, and the Coordinating Committee of the Business School to determine the exact amount of the increase.

Fouraker will submit a specific tuition increase proposal to the Corporation for approval sometime in January.

"The purpose of the tuition increase is to move tuition towards covering MBA faculty expenses and other direct MBA expenses. Such action is necessary to maintain a financially viable MBA program," Fouraker said yesterday.

External Sources

Despite the tuition increase, Fouraker stressed, the MBA program will continue to depend heavily on external resources.

Fouraker said other major factors in the Business School income would be "the annual support of the school's graduates through the Harvard Business School fund, the support of corporations, and the support of major donors to specific programs and projects."