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Doing a Master's in Management (MiM) from Georgetown University is a great choice if you want to start a strong business career. The school ranks #16 in the world for Management (QS 2024) and is known for its strong network and location in Washington, D.C. The 10-month program is also STEM-designated, which means international students can stay and work in the U.S. for up to 3 years after graduation.
Before you apply, it’s important to know the full Georgetown MiM fees. You’ll need to plan not just for tuition, but also for living costs in D.C., one of the most expensive cities in the U.S. In this blog, you’ll get a clear breakdown of all costs, scholarships, and smart ways to manage your money during the program.
Georgetown MiM Tuition Fees
Tuition fees for the 2025 MIM intake at Georgetown are $63,180.
When planning for your education, it is essential to have a clear understanding of the financial investment required. For the August 2025 intake, Georgetown MiM program fees are $63,180. The fee covers not only tuition but also specified meals and hotel accommodations for the global residency component of the program.
| Fee Component | Cost |
| tuition fees | $63,180 |
What your tuition fee includes
Tuition fees exclude individual healthcare or health insurance premiums, books and supplies, student fees, round-trip airfare to and from international project locations, room and board, visas, and incidental expenses incurred while traveling. The Office of Billing and Payment Services provides additional information regarding tuition breakdown and student fees through the university.
Living Expenses in Washington
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While tuition fees are a primary consideration for students enrolling in the Georgetown MiM program, it’s equally important to account for the cost of living in Washington, D.C. Known for its vibrant city life, cultural landmarks, and academic opportunities, the nation’s capital also comes with a relatively high cost of living compared to other U.S. cities. From housing and food to transportation and utilities, managing expenses effectively is essential for maintaining a comfortable and balanced lifestyle while pursuing your studies.
Understanding the key components of living expenses will help students budget wisely and focus on their academic and career goals. This guide highlights the primary categories of expenses: food, accommodation, travel, and utilities, giving you a realistic overview of what to expect. Whether you’re opting for off-campus housing, exploring local dining options, or navigating the city via public transportation, planning your finances will ensure a seamless and enriching experience in Washington, D.C.
Apart from Georgetown MiM program fees, students should also consider the cost of living in Washington, D.C. Let's explore some key aspects of living expenses in the city:
1. Food
Washington, D.C., offers a wide range of dining options to suit every budget. You can explore affordable food trucks, campus cafeterias, and casual eateries for budget-friendly meals or indulge in upscale dining experiences occasionally. On average, students spend $200 to $400 per month on food. Preparing meals at home can significantly lower costs compared to dining out frequently.
2. Accommodation
Housing is a major expense in Washington, D.C. Renting a one-bedroom apartment in the city center can range from $1,500 to $2,500 per month, depending on the location and amenities. To reduce costs, many students opt for shared housing arrangements with roommates, which can cut rent expenses significantly. University housing may also be an option, though availability is limited.
3. Travel
The city’s public transportation system is well-developed, featuring buses and the Metro. Students find it convenient and affordable to commute using these options. Monthly transportation costs typically range from $80 to $120. Purchasing a discounted student Metro pass or relying on a bike for shorter distances can help save additional money.
4. Utilities
Utility bills, including electricity, water, heating, and internet, are recurring monthly expenses. For a single-bedroom apartment, students can expect to spend $100 to $150 per month on utilities. This cost may vary based on the season, with heating bills being higher during the winter months. Sharing an apartment can also help distribute utility costs among roommates.
Understanding these expenses will help you better plan your finances, ensuring a smooth academic journey at Georgetown University.
| Expense Category | Average Monthly Cost |
| Food | $200 - $400 |
| Accommodation | $1,500 - $2,500 |
| Travel | $80 - $120 |
| Utilities | $100 - $150 |
| Healthcare | $50 - $100 |
Scholarships & Financial Aid at Georgetown
Georgetown University's McDonough School of Business offers various scholarships and financial aid options to assist students in financing their Master of Science in Management (MiM) program. Here's an overview of the available opportunities:
Merit Scholarships
All MiM applicants are automatically considered for merit-based scholarships during the admissions process. The Admissions Committee evaluates candidates holistically, considering academic achievements, professional experiences, and personal attributes. Scholarship decisions are communicated at the time of admission.
Diversity Scholarships
The Diversity Scholarship provides merit-based awards to students whose backgrounds or experiences contribute to the diversity of the Georgetown community. Factors considered include socioeconomic, cultural, and family backgrounds, personal experiences, and demonstrated commitment to diversity and cultural understanding. Applicants should complete the optional Diversity Essay to be considered.
Partnership Scholarships
COLFUTURO (Colombia): In partnership with the Fundación para el Futuro de Colombia (COLFUTURO), Georgetown McDonough offers financial support to Colombian students. Selected students may receive a $25,000 scholarship towards MiM tuition from Georgetown and up to $50,000 from COLFUTURO, subject to its policies.
FUNED (Mexico): Through collaboration with the Mexican Foundation for Education, Technology, and Science (FUNED), eligible Mexican citizens can receive up to 40% of total costs, not exceeding $15,000, as a loan. Additionally, students may qualify for a merit- and need-based scholarship ranging from $10,000 to $40,000 through CONACYT.
Service-Based Scholarships
Peace Corps Coverdell Fellows Program: Returned Peace Corps Volunteers pursuing the MiM program may receive a minimum of 25% tuition scholarship and opportunities for Graduate Assistantships. All applicants under this program are granted an application fee waiver.
Segal AmeriCorps Education Award: AmeriCorps alumni are eligible for an application fee waiver and can be considered for a one-time award of at least $5,000. Georgetown McDonough anticipates awarding 1-3 scholarships per year based on applicant pool strength.
Financial Aid and Loan Options
U.S. citizens and permanent residents should contact Georgetown's Office of Student Financial Services to explore federal student aid, loans, and other financing options. International students are encouraged to seek external scholarships and private loans, as institutional financial aid may be limited.
Opportunities for Part-Time Work
To offset the Georgetown MiM fees and living expenses, many students choose to work part-time while pursuing their MiM degree. Here are some potential part-time job opportunities and their average earnings while doing MIM colleges in USA:
- Georgetown University offers a variety of part-time job opportunities on campus, such as research assistantships, administrative roles, and tutoring positions.
- The average earnings for these jobs range from $12 to $20 per hour.
- Washington, D.C., is home to numerous organizations, government agencies, and NGOs, providing ample internship opportunities.
- Internship positions often offer competitive stipends or hourly wages, with average earnings ranging from $15 to $25 per hour.
- The city's thriving retail and hospitality sectors offer part-time job opportunities in restaurants, hotels, and retail stores.
- The average hourly wage in these industries varies but generally ranges from $10 to $15.
Understanding the legalities
International students pursuing their MIM at Georgetown in the USA are subject to certain work-hour restrictions to contribute to the Georgetown MIM Fees. Here are some key points to keep in mind:
- F-1 visa holders can work on campus for a maximum of 20 hours per week during the academic year and full-time during breaks.
- Curricular Practical Training (CPT) allows F-1 students to participate in internships or work experiences directly related to their field of study.
- Optional Practical Training (OPT) provides F-1 students with an opportunity to work in the U.S. for up to 12 months after completing their degree. STEM degree holders may be eligible for an additional 24-month extension.
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- Is Georgetown University MIM Worth it?
Conclusion
Pursuing a Master's in Management at Georgetown University's McDonough School of Business offers numerous benefits but also requires careful consideration of the associated costs. By understanding the Georgetown MIM Fees, exploring available scholarships, evaluating the ROI in return of Georgetown MIM Fees, and considering part-time job opportunities, prospective students can make informed decisions about financing their education.
