Cornell MIM Fees: Tuition, Scholarships, Cost of Living & Funding Explained (2026 Guide)
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Overview
The Cornell University Master of Professional Studies (MPS) in Management, offered by the Cornell Johnson Graduate School of Management, is a one-year, full-time, STEM-designated program designed for early-career professionals and fresh graduates.
The program focuses on core business fundamentals, leadership development, analytics, and real-world problem solving, making it a strong launchpad for careers in consulting, finance, technology, and general management. This guide covers Cornell MIM Fees.
Cornell MIM Fees
Cornell publishes a transparent Cost of Attendance for the MPS in Management program.
Tuition & Academic Fees
Fee Component | Cost (USD) |
Tuition (Full Program – 1 Year) | $71,266 |
Student Activity & Mandatory Fees | ~$690 |
Books & Course Materials | ~$2,466 |
Total Estimated Cost of Attendance
Beyond tuition, students should plan for living and personal expenses while studying in Ithaca, New York.
Living & Personal Expenses
Expense Category | Estimated Cost (USD) |
Housing | ~$16,796 |
Food | ~$5,654 |
Transportation | ~$3,544 |
Personal & Miscellaneous | ~$4,248 |
Overall Budget Snapshot
Category | Estimated Annual Cost |
Tuition & Academic Fees | ~$74,400 |
Living & Personal Expenses | ~$30,200 |
Total Estimated Cost | ~$104,600+ |
Cornell MIM Scholarships & Funding
Merit-Based Scholarships
Cornell Johnson offers merit-based scholarships to outstanding MIM applicants.
Key Highlights:
No separate scholarship application required
All admitted students are automatically considered
Scholarship amounts typically range from $5,000 to $15,000
Awards are competitive and limited
Applying in earlier rounds significantly improves scholarship chances, as funds are allocated on a rolling basis.
Education Loans & External Funding
While Cornell does not provide extensive need-based aid for this program, students commonly fund their degree through:
Education loans (US and international lenders)
Private or government-backed loans from home countries
External scholarships and sponsorships
International students often combine partial scholarships + education loans to manage total costs.
Cost of Living in Ithaca, New York
Ithaca offers a student-friendly environment with a lower cost of living compared to major US cities like New York or Boston.
Typical Monthly Living Costs
Expense | Approximate Cost |
Rent (shared apartment) | $900 – $1,500 |
Utilities & Internet | $150 – $250 |
Groceries | $300 – $400 |
Transportation | Minimal (free campus buses) |
Is Cornell MIM Worth the Cost?
The Cornell MIM offers:
Ivy League brand value
Strong academic rigor
Career-focused curriculum
Access to Cornell’s global alumni network
For students aiming to break into consulting, finance, technology, or management roles, the program delivers strong long-term ROI when paired with smart financial planning and early scholarship strategy.
Final Takeaway
The Cornell MIM (MPS in Management) is a premium, one-year investment with a total estimated cost of ~$105,000. While tuition forms the largest portion, merit scholarships, education loans, and Ithaca’s manageable living costs make the program financially achievable for high-potential candidates.
Applying early, planning funding in advance, and optimizing living expenses are key to making the most of your Cornell MIM journey.
Cornell MIM Fees: Tuition, Scholarships, Cost of Living & Funding Explained (2026 Guide) offers a clear breakdown for aspirants planning to study management at a global Ivy League institution. The Cornell Master in Management (MIM) program comes with competitive tuition fees, which typically range around USD 70,000–75,000 for the full program, excluding living expenses. In addition to tuition, students should budget for accommodation, food, health insurance, and personal expenses, which can cost USD 18,000–22,000 annually in Ithaca.
To reduce the financial burden, Cornell provides merit-based scholarships, fellowships, and external funding opportunities. Students can also explore education loans and part-time work options as permitted by visa regulations. Since English proficiency is a key requirement, many applicants strengthen their profiles through online IELTS coaching, which helps them achieve the required band score while balancing academic and professional commitments. Overall, with smart financial planning, scholarships, and the right test preparation strategy, pursuing Cornell’s MIM in 2026 can be a strong long-term investment in a global management career.