Dear Mendoza Colleagues,

I want to provide an update regarding two of our graduate programs — the Master of Science in Management (MSM) and the Master of Science in Accountancy (MSA). After an extensive review of peer schools and market trends, we decided to reduce the annual tuition for both programs starting in the 2020-21 academic year. The new rate for MSM is $44,900, a reduction of about 15%. MSA’s tuition also will be $44,900, or reduction of about 20%.

I approved these changes as part of my commitment to “reimagine, recommit and reinvest” in the College’s graduate programs. Our goal is to provide greater access to two world-class graduate business programs to high-performing prospective students who value Notre Dame’s unique educational experience as part of their life and career goals, but who may have been deterred by the previous “sticker price.”

The review of our peer schools and market trends in business education revealed the following:

♦ The tuition rates for MSM and MSA were at the very top range compared to peer schools, which essentially put them out of alignment with the larger market for specialty master’s degrees.

♦ The tuition rates for MSM and MSA did not accurately reflect their respective value propositions — which take into account such things as starting salaries, student demand and other market forces at the program level — when compared to our other graduate programs.

We anticipate that the average out-of-pocket expenditures for future students will remain approximately the same as for current students, since we will also adjust fellowship levels for MSA and MSM in 2020-21 in accordance with market trends. We will be informing current students about the new tuition rates tomorrow and prospective students on Wednesday.

The MSA and MSM programs are vital offerings as part of Mendoza’s graduate degree portfolio and I am committed to continued innovation and support to the programs’ students and alumni. I’m thankful to those who were instrumental in bringing about these changes, including Kristen Collett-Schmitt, Mike Brach and his admissions team, Sandra Vera-Muñoz, Keith Urtel, Kelli Kilpatrick, Tim Bohling and Doug Franson.

In Notre Dame,

Martijn