Graduate School of Business

Global MBA

Global MBA


Academic Year 2021-2022Korean Won(\)US Dollar
(estimated equivalent)
Admission Deposit* \1,211,000 $1,100
Tuition fee ** \45,000,000 $35,000

* Non-refundable and payable upon acceptance of offer of admission and will be applied toward tuition.
** The tuition fee is payable in equal installments over 3 semesters.
** The tuition fee is subject to change each year.

Other Expenses

Estimated Monthly Living Expenses*Korean Won(\)US Dollar (estimated equivalent)
Accommodation \350,000 - \600,000 $320 - $550
Living Expenses \400,000 - \500,000 $360 - $460
(Books, Supplies, Recreation, etc.)
\150,000 - \300,000 $140 - $280
Total \900,000 - \1,400,000 $820 - $1,290

*Travel and living expenses for exchange program participants vary according to the location and are not included in the above estimate.


Studying for an MBA requires a significant investment. The Yonsei Global MBA Program offers scholarship opportunities that are available to all students, including international students. A Scholarship is granted considering the candidate’s merits and needs.

 Scholarship Opportunity

Applicants with superior qualifications will have the opportunity to receive a scholarship offered by the Yonsei School of Business.
The amount of a scholarship award depends on the competitiveness of the applicant. For qualified grantees, a stipend could also be offered.
All scholarships and fellowships are awarded at the time an admission decision is made. The admission committee takes into consideration of various factors when making the award decision including but not limited to academic records, professional experiences, interview result, diversity, and others.

Merit Scholarships
Awarded to applicants with strong competitiveness including the exceptional academic performance, leadership potential, professional achievement, etc.
Global Fellowships
Awarded to applicants with potential of adding value to the diversity of the program
YSB Fellowships
Awarded to qualified applicants in financial need (Financial proof might be required.)

Scholarship Requirements and Regulations

Scholarships are renewed each semester, based on a student’s meeting specified criteria. Scholarship grantees need to maintain a good academic standing (GPA of 3.5/4.3) while studying in the Yonsei MBA Program to receive a scholarship and a stipend continuously. Scholarship grantees are required to work for 10 hours per week as an assistant for our MBA Program. Stipend grantees need to work an additional 5 hours per week in addition to the 10 hours of work duty.

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