Notre Dame (South Bend), Indiana, US · 21 months
Notre Dame Mendoza MBA: cost, salary and payback
At Notre Dame Mendoza, finance takes the largest share of the class but pays less than consulting, around a school median of $136,000.
Paid back after graduation in
6.6 years
Total cost $350,078 · 10-year NPV -$2,596
| Tuition and fees, whole program | $157,620 |
| Living budget | $57,980 |
| Salary given up, 21 months | $157,500 |
| Summer internship earned | −$23,023 |
| Total cost | $350,078 |
| Salary after: median base salary | $136,000 |
| 10-year net present value | -$2,596 |
| Return on the cost (present values) | -1% |
US dollars at the ECB rate of the last update. Raises of 5% a year with the MBA and 3% without, discounted at 5%, before tax. How this is calculated.
Fees and budget read on October 13, 2026 · employment: Class of 2025 (school standard) · Built by Radif Partners · Method
- Tuition and fees
- $157,620
- Total cost, salary given up included
- $350,078
- median base salary
- $136,000
- Payback, reference person
- 6.6 years
The Notre Dame MBA at the Mendoza College of Business costs $215,600 for two years in tuition, program and student fees and the school's living budget, at the 2026-2027 academic year rate counted twice. For a person earning $90,000 today, the 21 months away add $157,500, the summer internship gives back about $23,023, and the total reaches $350,078. The class of 2025 reported a median base salary of $136,000, plus a median signing bonus of $35,000. On the median, the model repays the cost 6.6 years after graduation, and the ten-year net present value is -$2,596, close to zero: over ten years the degree roughly breaks even for the reference person. What sets Mendoza apart is the shape of the class: 31.2% in financial services, 21.9% in consulting and 15.6% in operations roles, number 3 of 18 schools in our ranking for that function.
Finance first, but not the best paid
Financial services was the largest industry for the class of 2025, 31.2% of graduates, at a median of $130,000. Consulting paid more, $175,000, to a smaller group of 21.9%. The gap tells you what kind of finance jobs these are: the finance and accounting function took 26.6% of graduates, and the report shows no separate investment banking or private equity line, a segment that 14 other schools in our data report on its own. For the reference person, the finance median gives a payback of 7.3 years, against 3.9 years on the consulting median. A candidate who wants a finance career and picks Mendoza for it should type the finance figure in the calculator, not the school median, since it is the lower of the two.
An operations school in disguise
15.6% of graduates took operations and logistics roles at a median of $142,800, above the school-wide figure, which places Mendoza number 3 of 18 in our operations ranking. Marketing and sales added 17.2% and general management 14.1%. Technology employed 18.8% of the class at $142,800, number 14 of 40 in our tech ranking, and healthcare 10.9%. Named employers range from Microsoft, PwC, EY-Parthenon and Amazon to the large accounting and consulting firms.
Notre Dame Mendoza: where the class went
Share of the class
21.9%
| Salary reported | $175,000 |
| Graduates, about | n/a |
| Payback with that salary | 3.9 years |
Reference person earning $90,000 before the MBA.
What the numbers leave open
71.1% of graduates seeking a job accepted an offer within three months, which leaves 28.9% without an accepted offer at that point, and the median describes only those who had accepted. The school publishes no class size, no share of international students and no average age on the pages we read, only a median GMAT of 655. 96.9% of graduates worked in the United States, fewer than half of them in the Midwest. Tuition is $75,460 a year and the school says it expects yearly increases, so the second-year bill is likely to exceed the figure counted here. Merit scholarships are reviewed for every applicant, and the top fellowship covers full tuition with a stipend. On the overall model the school ranks number 36 of 40.
Notre Dame Mendoza: when the MBA pays back, for your salary
Payback after graduation
6.6 years
| Total cost with the salary given up | $350,078 |
| Salary after (median base salary) | $136,000 |
| 10-year NPV | -$2,596 |
Same assumptions as the main calculator; US dollars.
Where Notre Dame Mendoza stands in our rankings
- #36 of 40 · Any industry (whole class)
- #28 of 38 · Consulting
- #22 of 39 · Finance, all segments
- #14 of 40 · Technology
- #11 of 39 · Working in the United States
Our fit score, reference person earning $90,000 before the MBA (method). Third-party rankings play no part in it.
What the Notre Dame Mendoza MBA costs
| Item | Amount |
|---|---|
| Tuition, whole program | $150,920 |
| Mandatory fees | $6,700 |
| Living budget, whole program | $57,980 |
| Salary given up: $90,000 a year for 21 months | $157,500 |
| Summer internship earned | −$23,023 |
| Total cost, reference person | $350,078 |
Notre Dame Mendoza employment report: Class of 2025
| Measure | Value |
|---|---|
| Median base salary | $136,000 |
| Signing bonus (median) | $35,000 |
| Summer internship, per month (median) | $9,209 |
| Graduates who accepted an offer within three months | 71.1% |
Notre Dame Mendoza graduates by industry
| Industry, as the school names it | Share | Salary |
|---|---|---|
| Financial Services | 31.2% | $130,000 |
| Consulting | 21.9% | $175,000 |
| Technology | 18.8% | $142,800 |
| Healthcare | 10.9% | $130,000 |
| Other | 7.8% | $117,000 |
| Manufacturing | 4.7% | $133,000 |
| Consumer Products | 3.1% | not published |
| Energy | 1.6% | not published |
Where Notre Dame Mendoza graduates went to work
| Region | Share | Salary |
|---|---|---|
| US (US Mid-Atlantic + US Midwest + US Northeast + US South + US Southwest + US West) | 96.9% | not published |
Notre Dame Mendoza graduates by job function
| Function | Share | Salary |
|---|---|---|
| Consulting | 23.4% | $175,000 |
| Finance/Accounting | 26.6% | $135,000 |
| General Management | 14.1% | $130,000 |
| Marketing/Sales | 17.2% | $133,000 |
| Operations/Logistics | 15.6% | $142,800 |
| Information Technology | 1.6% | not published |
| Other | 1.6% | not published |
Employers named by Notre Dame Mendoza
Microsoft · PwC · EY-Parthenon · Amazon · JPMorgan Chase & Co. · McKinsey & Company · Deloitte · Bank of America
Names only: the school gives no hire counts.
The Notre Dame Mendoza class
| Measure | Value |
|---|---|
| GMAT median | 655 |