It may cost US$99,000 to attend a top business school in US this year

New York

SOME top-ranked business schools are raising tuition fee by between 2 per cent and 10 per cent this fall, bumping up the cost of classes for the 2015-16 academic year to nearly US$66,000 at the high end.

Throw in room and board, fees, and textbooks, and it will cost as much as US$99,000 to attend B-school next year, according to data compiled by Bloomberg Business.

Half of the MBA programmes ranked in Bloomberg Businessweek's top 20 have announced updated tuition numbers so far this year.

Of that group, the University of Maryland's Smith School of Business has the biggest tuition hike, with tuition up by 9.9 per cent next year for out-of-state residents, bringing the cost of classes to US$52,380 from US$47,655…