• Tuition and fees are subject to change. Annual inflation rate adjustments to tuition possible.
  • Additional travel expenses may be incurred for students who participate in immersion, alumni, and networking events.

Here is a sample schedule and cost breakdown for a 24-month completion, which requires 24-30 hours/week:

Academic TermCoursesCreditsTuition
Spring Year 1416$5,120
Summer Year 128$2,560
Fall Year 1312$3,840
Spring Year 2416$5,120
Summer Year 228$2,560
Fall Year 2312$3,840

*Hours and tuition costs are estimated. Exact amounts may differ each year.


Pay for your degree as you go — each time you take a course, pay tuition for that course only. If a scheduling conflict arises, you are free to take a term off and you won’t be charged during that term.

For a sample tuition payment schedule, see the “Program Length” section on the Academics page.

About the iMBA’s breakthrough pricing

The MBA remains one of the strongest credentials you can earn: in a recent survey, 81% of companies plan to hire MBA graduates this year.

Recently, the price of MBA programs have skyrocketed: costs can easily exceed $200,000. The University of Illinois — a historical land-grant public research institution founded in 1867 — is working to reverse this trend with this under $25,000 MBA program.

Scholarship Opportunities

Gies College of Business and Coursera have partnered to offer a limited number of competitive scholarships covering 70% of tuition for select students. Recipients will be selected based on need, academic standing, and essay submissions. The scholarship application can be completed within your graduate college application. Scholarship applications are only open throughout certain periods of the year. Please check the iMBA admissions page to see which deadlines you can apply for scholarship consideration.

Financial Aid & Tuition Reimbursement

To learn more about financing your degree, visit the Degrees Financial Resources Hub.

Students are encouraged to seek tuition reimbursement through their employer. We recommend that you speak with your manager or HR department to see what’s available to you as an employee.

Please see below for frequently asked questions regarding financial aid.

Application Deadlines

Applications for the Spring 2023 cohort are now open! Students can start classes in March 2023.

  • Final Deadline for March Start: February 2, 2023

Have questions?

Please contact Gies College of Business at

Upcoming Events

The full Gies Online Events Calendar can be found here.

Coursera does not grant credit, and does not represent that any institution other than the degree granting institution will recognize the credit or credential awarded by the institution; the decision to grant, accept, or transfer credit is subject to the sole and absolute discretion of an educational institution.

We encourage you to investigate whether this degree meets your academic and/or professional needs before applying.

Have questions?

If you have questions about the application process or eligibility, please send us an email at