For those of you in or wanting to get into the business world, getting an MBA (Master’s Degree in Business) is a great way to advance your career. There are many ways to get an MBA, and the busy professional might see the online route as the best option.
OnlineMBAprogramscan be completed in about two years, assuming full-time enrollment. They aregreat for full- or part-time study.
Applying to a school for an MBA is usually done online and can be completed fairly quickly. Students can also register for individual courses online.
If your career is in business, and you are interested in bettering yourself or stepping up that professional ladder, an MBA can provide plenty of opportunities for upward movement.
Online MBA Programs That Might Interest You
Learn about start dates, transferring credits, availability of financial aid, and more by contacting the universities below.
Ranking Methodology|Best Online MBA Program Rankings
Rankings
The EduRef Best Online MBA rankings are based on affordability, academic quality, and student outcomes via the following information:
- Financial Aid
- Average Net Price
- Retention Rates
- 4-year Graduation Rates
Each school considered for this ranking was given a score and a ranking based on financial aid, average net price, retention rate, and graduation rate. Scores were then combined to create an overall ranking and score with 100 being the highest score and a ranking of #1 as the highest possible ranking in each category and overall ranking.
All data was gathered fromNCES.ed.govand is accurate at the time of this writing (June 2019). All other information was gathered from school websites and other ranking sites such as EDsmart.org, US News & World Report and Niche.com.
Best Online MBA Programs in the U.S.
#1 University of North Carolina at Chapel Hill
Score: 100
Financial Aid: 67%
Average Net Price: $11,100
Retention Rate: 96%
Graduation Rate: 91%
The Kenan-Flagler Business School at the University of North Carolina Chapel Hill is ranked highly among online MBA programs. This online program is comprehensive and aims to directly mimic the campus experience. This is a large public university with an average of 1,107 applicants for the MBA program and an acceptance rate of 61%. To attend, you must take either the GRE or GMAT except in special circumstances. This University is tied for the first place ranking on US News’ Online MBA Ranking for 2019 and number 29 on the niche.com Best Colleges for Business in America list. In addition to these rankings, the peer assessment score for UNC-Chapel Hill is also high, indicating that other universities hold this school in high regard. The high work experience among MBA students adds to the experience here and the extensive and international alumni network. For an online program, tuition costs about $1728 per credit hour for in and out-of-state residents. The total investment comes to just over $100,000, so this isn’t a program to enter lightly, as you will need to land a great job post-MBA for this investment to pay off.
#2 University of South Florida
Score: 99.6
Financial Aid: 89%
Average Net Price: $11,766
Retention Rate: 90%
Graduation Rate: 71%
The University of South Florida is a public university located in Tampa, Florida. The Online MBA Program is ranked among the US News Top 100 Best Online MBA Programs. There are generally around 124 applicants for this program, with 59 of those individuals accepted to the University, creating an acceptance rate of about 48%. These light numbers create smaller class sizes across the board, allowing professors more time to interact with students one-on-one. The average undergraduate GPA is 3.2, and the average GMAT score is 563. The GMAT is required during the application process, except for certain circumstances. Almost 100% of students have prior work experience, averaging around five years. Tuition is relatively affordable at around $900 per credit. USF is a larger school, but this program is smaller and will ensure that you get what you need from peers and professors. The school as a whole is about evenly split between genders, but the business program does skew males, at only 34% female.
#3 West Virginia University
Score: 98.4
Financial Aid: 93%
Average Net Price: $11,486
Retention Rate: 80%
Graduation Rate: 57%
The online MBA program at West Virginia University is ranked number 45 according to US News. This is a hybrid MBA program, as you cannot earn the degree entirely online or abroad. You must take either the GMAT or GRE as part of the application requirements here. Additionally, you must have a minimum of two years of professional experience before beginning this program. Despite these stipulations, WVU has a very high acceptance rate, 94%, and allows applicants to be admitted that are living abroad. There is a mandatory collaboration between online and campus-based students. There are around 170 students enrolled in this program, the majority of which (98%) are employed. Tuition is relatively affordable at around $1,000 per credit hour, whether in or out of state. This program’s hybrid nature allows the flexibility and convenience needed to enable working professionals to meet their academic goals. Outside of the core curriculum, you can also choose an emphasis, which is somewhat limited. This MBA program only offers an Energy Finance Emphasis, a Forensic Accounting and Fraud Examination Emphasis, and an Integrated Marketing Communications Emphasis. Although if these programs fit your interest, WVU’s MBA program may be right for you.
#4 Arizona State University
Score: 98.0
Financial Aid: 91%
Average Net Price: $12,947
Retention Rate: 87%
Graduation Rate: 63%
The Carey School of Business at Arizona State University is placed at #6 by US News in the Online MBA Ranking for 2019. This program is also accredited by the Association to Advance Collegiate Schools of Business. The curriculum is unique because students are engrossed in two topics at a time for just about eight weeks. The acceptance rate for ASU is around 61%. The GRE or GMAT is required as part of the application process. Undergraduate GPA and standardized test scores are also important to the application process. Four concentrations are offered here, including Finance, International Business, Marketing, and Supply Chain Management/Logistics. Class sizes are relatively large, with an average of 61 students and a maximum of 100 students. Almost 70% of students in this program are male, and the average age is 32 years old. Tuition is a bit higher here than at many other universities, at around $1200 per credit. However, you will receive mostly the same experience on campus or online; the curriculum, as well as the faculty, is mostly the same between both programs.
#5 Southwestern University
Score: 98.2
Financial Aid: 98%
Average Net Price: $27,008
Retention Rate: 86%
Graduation Rate: 74%
Southwestern University, located in Texas, specifically Georgetown, is a smaller private Christian university. This university is distinct in that it was the first institution of higher learning in the state of Texas. Southwestern University does not provide an online MBA program or any master’s programs for that matter. However, they will provide you with a small campus experience to prepare you for the next step in your academic or professional career. With an undergraduate population of under 1,500 students, the acceptance rate is 43, its size doesn’t mean it will take anyone to grow. The student-faculty ratio is 11 students to a faculty member, which ensures one-on-one time and access to your professors. There are no programs that cater to evening classes for working professionals.
#6 UT Martin
Score: 97.6
Financial Aid: 99%
Average Net Price: $11,034
Retention Rate: 76%
Graduation Rate: 50%
The University of Tennessee – Martin is ranked 34th according to US News as a top online MBA Program. This public school is AACSB accredited and on the smaller side. The average class size is 15 students, and the maximum class size is only slightly higher at 20 students, with 90% of classes between ten and 19 students. The acceptance rate is 68%, so your chances of attending if you apply are rather high. Tuition is also affordable, costing only $585 per credit. Virtually every student has prior work experience. This degree is also attainable entirely online; no in-person classes are necessary. Online and on-campus students are also in separate courses. However, the faculty is the same for both online and in-person classes. The male-to-female ratio of students is pretty balanced, the population consists of 57% male students. New students entering this program also skew a bit older than most at 39 years old. This is a good, fully online experience. The curriculum is solely presented through the Canvas application, ensuring a smooth operation.
#7 Drexel University
Score: 97.6
Financial Aid: 99%
Average Net Price: $40,977
Retention Rate: 89%
Graduation Rate: 71%
Drexel University is a private school located in Philadelphia, Pennsylvania. In the US News Online MBA Ranking, Drexel University is ranked number 45. This online MBA program has one of the highest acceptance rates around, accepting approximately 90% of applicants. This program is AACSB accredited and offers six concentrations. These concentrations include Entrepreneurship, Finance, General Management, Health Care Administration, Marketing, and Sports Business. Classes are slightly large at Drexel, with an average of around 31 students. However, the maximum class size is 35. If you wish, you can earn your degree entirely online or abroad, and no interaction with on-campus students is required, though it is encouraged. Additionally, students enroll as online students but are permitted to take classes on campus as they choose with no notification or permission needed. Almost all students are employed upon the start of their time with Drexel, and the average age of online MBA students is 33 years old. Tuition per credit hour is $1,300, so the cost of this degree could be an issue here. The curriculum offers a cohort or flexible/self-paced option, however, so if need be, courses can be completed on your own time.
#8 Rochester Institute of Technology
Score: 97.2
Financial Aid: 98%
Average Net Price: $31,376
Retention Rate: 90%
Graduation Rate: 67%
The Rochester Institute of Technology AACSB accredited online MBA program ranks at number 26 on US News Best Online MBA Programs. This private school offers five types of MBA programs Executive Focus, Personal, Applied, Leadership Development focus, and Global. The Executive Focus is for professionals further along in their careers. Personal mimics a smaller school environment with a high-touch engagement atmosphere. Applied is a more straightforward experience with an 18- week client capstone course included. The Leadership Development track includes a professional development coach and the curriculum emphasizes leadership. The Global option focuses on international business and finance and includes a client project during an international residency. Tuition is a bit steep for this upstanding university, at $1660 per credit hour. The acceptance rate is around 50%, and all students have prior work experience. The class sizes range from two to 40 students, with an average of around 17 students per class. This degree cannot be earned entirely online, classes include campus-based students, and online credits are equal to those earned on campus. The student body is about equally comprised of males and females, 51.1% of students are male. The average student is 39 years old.
#9 University of Wisconsin La Crosse
Score: 95.0
Financial Aid: 79%
Average Net Price: $13,045
Retention Rate: 83%
Graduation Rate: 71%
This public university MBA program is AACSB accredited and ranked ninth of online MBA programs by US News and World Report. University of Wisconsin – La Crosse does provide a 100% online program. The average class size is 25 students, of which the average age is 31. You can take either the GRE or GMAT to get into business school. The total cost for this program, which takes from two and a half to three years to complete, is $26,000. This number does not include foundation courses that may be necessary depending upon your undergraduate major. Faculty here are still professionally active, which means they actually know what is going on in the business world today. This degree does not offer concentrations but there are 16 credits of electives to help you personalize your education in that way. If you want a completely online MBA experience with teachers who are also business professionals, this is a good choice.
#10 Murray State University
Score: 94.6
Financial Aid: 94%
Average Net Price: $11,562
Retention Rate: 77%
Graduation Rate: 49%
The Murray State University MBA program is AACSB accredited and has been since 1981. This is a public university that offers a fully online MBA program. This program lasts only 18 months and will cost around $20,000 to complete. This makes the Murray State University online MBA program among themost affordable. The online program also allows you to complete classes if you are not based in the United States. This makes the program extremely military-friendly. This is a general MBA program, no concentrations are offered, but there is a portion of credits made up of electives. Murray State University is a good program for a basic MBA degree, particularly if you are traveling abroad or unsure where you will be within the next two years while completing this program.
#11 Southeast Missouri State University
Score: 94.6
Financial Aid: 96%
Average Net Price: $12,165
Retention Rate: 75%
Graduation Rate: 52%
This AACSB accredited, public university provides a fully online MBA program, taught by the same professors as the on-campus classes. Southeast Missouri State University is highly affordable. Tuition is under $400 per credit hour. Additionally, US News ranked the university at 109 as one of the top online programs to earn an MBA. Applicants living abroad can be admitted to this program, and since you are able to earn the degree entirely online, you can earn the degree abroad as well. If you have the credentials, chances are you will get accepted to this school, the acceptance rate is 88%. There are three programs offered for the Master of Business Administration: General Management, Health Administration, and Sport Management. The class sizes average around 21 students but max out at 25 students. Collaboration is encouraged between online and on-campus students, but it is not mandatory. Online classes may, however, include campus-based students. Additionally, you must enroll as an online student if you choose, but you can switch to the campus-based program if you wish. The student body is overwhelmingly male, only about 30% female, and the average age is 33 years old. For a completely online experience no matter where you are, Southeast Missouri State University is a solid choice.
#12 Emmanuel College
Score: 94.8
Financial Aid: 100%
Average Net Price: $31,448
Retention Rate: 78%
Graduation Rate: 66%
Emmanuel College is a private Roman Catholic institution located in an urban setting in Boston, Massachusetts. The location of this institution is one of the main features, it is situated near Fenway Park and easily accessible via public transportation. The Master’s program is not an MBA, but a Master of Science in either Management, Human Resources Management, or Research Administration. They also offer a six-course Graduate Certificate in Leadership and Management, Human Resource Management, or Research Administration. Depending on your career goals, this can offer an interesting alternative to the traditional MBA. This program offers some online classes but mostly is not a fully online degree. However, if you wish to achieve a Master’s of Science in Management with specialization in Research Administration or a Graduate Certificate in Research Administration, you may complete the coursework fully online. This program is focused on a global perspective concentrating on management and real-world experience. If you live, or you want to live, in Boston this is a good option for furthering your education.
#13 Robert Morris University
Score: 94.6
Financial Aid: 96%
Average Net Price: $25,645
Retention Rate: 81%
Graduation Rate: 61%
This AACSB accredited private university is located on the outskirts of Pittsburgh in Pennsylvania in a town called Moon Township. The MBA program at Robert Morris University requires 30 credit hours. This program also features team teaching in every class to reinforce the interaction between management, finance, marketing, etc. in business. There is a fully online program available and specialized online certificates can also be earned separately or as a part of the MBA. Certificates available to be earned are in Business Analytics, Project Management, and Supply Chain Management and Logistics. US News ranked this online MBA program tied at number 73. The same curriculum is used for the online program as for the on-campus program, and both are team-taught by experienced faculty. Tuition is affordable for this program at under $1,000 per credit hour. The acceptance rate for the MBA program at Robert Morris is 84%, and they do accept applicants living abroad. The degree may also be earned while the student is entirely abroad. The average class size is 17 students with a maximum size of only 20 students. The average age of students is 30 years old, and only 11% are employed upon entering the program. The minority of students in this program are female, with just under 70% male students. If you are living or working abroad or prefer a small school experience close to a city, Robert Morris may work for you.
#14 Florida Atlantic University
Score: 94.2
Financial Aid: 82%
Average Net Price: $10,100
Retention Rate: 79%
Graduation Rate: 51%
Florida Atlantic University is ranked number 51 in online BA programs by US News and also AACSB accredited. The College of Business at this university boasts a 23 month long Online MBA Program. This program has the same curriculum and teachers as the in-person experience but is accessible from anywhere. You can apply and earn this degree from abroad, it is not necessary to check in on campus at any time. The student population is about 60:40 male to female ratio and the average student age entering the program is 31 years old. Tuition is only $800 per credit hour, so this university is also rather affordable. The degree you will end up with is a general MBA, the online MBA also has a specialization in International Business. The entire program including foundation courses is 46 credits total, however, those six credit hours may be waived. This program is specifically set up for professionals to complete while continuing their careers.
#15 Walsh University
Score: 93.6
Financial Aid: 100%
Average Net Price: $19,417
Retention Rate: 74%
Graduation Rate: 61%
This school is a private Catholic university that offers a completely online MBA experience. The acceptance rate is 90%, so if you meet the qualifications to apply, it is very likely that you will get into this school. Applicants are admitted while living abroad and the entire program can be completed online. The student base is divided fairly evenly between males and females. Classes max out at 20 students, but the average size is closer to 13 students per class. There are three specialties available for the online program, including Marketing, Healthcare Management, and Management. Walsh University also offers accelerated programs so you could potentially earn your MBA in as little as a year’s time. There is little to no collaboration between online and on-campus students, the courses are separate. The rolling application deadline and low cost of this degree make it accessible for many people. The cost is only $705 per credit hour, and you only need between 36 and 42 credits to complete the degree.
#16 University of Louisiana at Monroe
Score: 93.4
Financial Aid: 97%
Average Net Price: $9,923
Retention Rate: 72%
Graduation Rate: 41%
This public university, located along the Bayou DeSiard, is AACSB accredited and ranked in the top 150 of Online MBA schools by US News. The MBA degree is attainable completely online, and about 85% of the student population work while earning this degree. The University of Louisiana at Monroe has an acceptance rate of about 88%, so if you meet the minimum requirements it is likely that you will be accepted to this program. Student gender is almost evenly split but skews slightly male. The average student is 31 years old when they enter the program. Class size is rather small, averaging at 15 students and maxing out at only 25 students. Classes include campus-based and online students for this program. The University of Louisiana at Monroe MBA program does not have any specializations or concentrations, so what you get here is the generic MBA degree. However, at the low price of $583 per credit, this degree is highly accessible.
#17 Ball State University
Score: 93.4
Financial Aid: 90%
Average Net Price: $13,535
Retention Rate: 78%
Graduation Rate: 62%
Ball State University is ranked highly by US News as one of the top MBA programs online, sitting at number 13. This public university is also AACSB accredited and offers an MBA degree completed completely online. This means that you can also complete this program while abroad, no on-campus interaction is necessary. Ball State has a 63% acceptance rate and only costs $616 per credit hour so gaining admittance to this school can be competitive. The curriculum and faculty are identical for on-campus and online students, so you will be getting a top-of-the-line education. The student body is young, the average age of entrants is 28 years old, and slightly more male than female at 63% male. The average class size is a bit large at 32 students, but the maximum size is listed at 40 students, so the classes don’t get too large. There are a variety of concentrations offered in addition to the General MBA, including Entrepreneurship, Finance, Health, Economics, Policy, and Administration, Supply Chain Management and Logistics, and Sales Management. Also, if you are not ready for the full MBA experience certificates are available in Business Essentials for Professionals, Professional Sales Management, or Health, Economics, Policy, and Administration.
#18 Boise State University
Score: 93.2
Financial Aid: 94%
Average Net Price: $13,363
Retention Rate: 80%
Graduation Rate: 44%
The MBA Program at this AACSB accredited, public university can be attained 100% online and abroad. Boise State University was ranked at number 40 for its online MBA program by US News. US News also ranked this institution among the Most Innovative Schools in the United States in 2018. Boise State is accessible to attend as well, with a 91% acceptance rate and a cost of only $750 per credit hour. The online and on-campus students are in separate classes, but the curricula are mostly the same for both tracks. The average class size is a bit large at 34 students per class. The student body is comprised of mostly males, 73% in fact, and 98% of students are employed when they enroll in this program. The average student’s age is 34 years old. Boise State University only offers a general MBA degree, there are no specializations or concentrations. However, the high acceptance rate, relatively low price, and US News rankings of the school make this an attractive program.
#19 Cornerstone University
Score: 93.2
Financial Aid: 100%
Average Net Price: $20,475
Retention Rate: 77%
Graduation Rate: 53%
This private institution is located in Michigan and teaches from a “Christ-centered worldview.” Here you can earn your MBA completely online or on campus, but you cannot switch once you choose one of these options. Collaboration is not encouraged between online and on-campus students, but the curriculum for both is almost identical. Classes average at only eight students per class, with a maximum of around 20 students. The student population tips slightly more female (53% of students are female) and the average entrant to the MBA program is 34 years old. Cornerstone University was among the Best Colleges for Business in America according to niche.com. The acceptance rate is 89%, so if you meet the minimum requirements, there is a good chance you will be admitted to this online program. The cost for each credit hour is relatively low at $565 or $1895 per course. This program offers four specializations for students to choose to concentrate on: Finance, Global Business, Health Care, and Project Management. If your worldview lines up with Cornerstone University, and you are looking for a small university experience, this is a good choice for your situation.
#20 University of North Dakota
Score: 93.0
Financial Aid: 91%
Average Net Price: $14,478
Retention Rate: 81%
Graduation Rate: 54%
This institution is a public university that is also AACSB accredited. The University of North Dakota online MBA program was ranked number 31 by US News this year. Applicants to this program can be anywhere in the world and can attain this online MBA degree completely abroad if they choose. The acceptance rate is 88% for the online MBA program. The average entrant to the program is only 30 years old and is likely male as only 19% of the student population is female. Once a student is enrolled in online classes at the University of North Dakota, they are bound to that form of education. However, all curricula and faculty are identical for on or off-campus students. This university offers several concentrations to streamline your experience. Outside of the general MBA track, these include Business Analytics, Government and Business, International Business, and Social Entrepreneurship. The MBA program also has a number of goals and objectives for learning. The first goal is that students will be integrated and interdisciplinary thinkers, with objectives of integrating different approaches, methods, and practices from various disciplines. Goal two is that students will be effective communicators. The objectives for the second goal include a requirement for students to prepare and deliver a professional presentation and demonstrate effective written communication skills. The final goal of the MBA program at the University of North Dakota is that students will be skilled in critical thinking and decision-making using appropriate analytical and quantitative techniques.
#21 Auburn University
Score: 92.6
Financial Aid: 76%
Average Net Price: $22,613
Retention Rate: 92%
Graduation Rate: 77%
Auburn University was ranked number nine by US News for its online MBA program and 76th on the Niche.com rankings for Best Colleges for Business in America. The acceptance rate here is 74% and applicants living abroad are accepted to this public, AACSB accredited school. However only students living in the United States can attend this program, with the exception of United States military personnel. Classes are larger here, with an average size of 54 students and a maximum class size of 140 students. Most of the curriculum is exactly the same online as on campus, and all of the teachers are the same. The majority of students are male, with just over 25% females and the average age of entrants is 30 years old. The Canvas application is used for the online MBA program, to integrate lectures, group work, discussions, and homework. Dual graduate degree options are available through this program in Finance, Industrial and Systems Engineering, and Information Systems.
#22 University of New Hampshire
Score: 93.0
Financial Aid: 85%
Average Net Price: $22,888
Retention Rate: 86%
Graduation Rate: 78%
The online MBA program at the University of New Hampshire, a public AACSB accredited school, is perfect for working professionals. In fact, 96% of students are already employed when they first enroll in this program. The acceptance rate for the University of New Hampshire online MBA program is 94%, ensuring that most qualified applicants are able to enter the program. This program has also been rated number 51 by US News among other MBA programs online. The cost for this program is $910 per credit hour. The student body, along with being mostly employed upon enrollment is about 60% male, and the average age is 34 years old. The average class size for this particular program is 17 students, but the maximum is 40 students. The degree offered by this university is a general MBA degree that can be earned entirely online, or even in another country. However, once you enroll as an online student you are bound to complete the degree online, you can’t switch to on campus. Additionally, the same faculty and curricula are used for both on and off-campus classes, so you can ensure you are getting a great educational experience.
#23 University of Notre Dame
Score: 92.6
Financial Aid: 67%
Average Net Price: $27,435
Retention Rate: 98%
Graduation Rate: 95%
The Mendoza College of Business at the University of Notre Dame is ranked 26th by US News Best Business Schools. Niche.com ranked the school fifth among the 2019 Best Colleges for Business in America. There is no completely online program offered at Notre Dame but they do have an impressive array of other MBA programs. These include a one-year accelerated program, the traditional two-year MBA, several Executive MBA programs, and options for dual degrees to earn with an MBA. The one-year program gives you a close-knit class experience, with a student-to-faculty ratio of three to one. Also, 75% of these students receive a Fellowship. The two-year program is more traditional and provides a focus on business analytics. There is an executive MBA program available at Notre Dame or in Chicago. The school does, however, skew more than 70% male with regard to the student body. The University of Notre Dame is a great school for business but does not offer an online option at this time.
#24 West Chester University
Score: 92.2
Financial Aid: 80%
Average Net Price: $19,348
Retention Rate: 85%
Graduation Rate: 73%
West Chester University offers an entirely online MBA experience for $526 per credit hour. SO even if you are living abroad, you can be admitted and earn the degree without ever stepping foot in West Chester, Pennsylvania. The acceptance rate for this AACSB accredited program is 79% and almost all students, about 98%, have prior work experience. This program was also ranked 58th by US News among the best MBA programs available online. The average and the maximum class size is the same at 29 students. Students generally enroll at the age of 31 and are 61% male. The degree is a general MBA, with no concentrations or specializations available. The target duration of the program is one and a half years; however, this degree is generally earned over two years. If you want to take it slow, West Chester University won’t let you slow down too much. This school dictates that you must earn a degree within three years of enrollment.
#25 University of Wisconsin Whitewater
Score: 92.0
Financial Aid: 77%
Average Net Price: $12,422
Retention Rate: 78%
Graduation Rate: 62%
The online MBA program at the University of Wisconsin Whitewater, a public and AACSB accredited university, is ranked 21st by US News among the best of similar programs. This degree is able to be earned entirely online or abroad and costs $638 per credit hour. Most students have prior work experience and are employed upon entrance to this program. The acceptance rate is 73% for this online MBA program and the average age of entrants is 29 years old. Once you are accepted to the online program you are bound to it, you cannot change to on-campus classes. Classes are large at this school, with an average of 39 students per class and a maximum of 65 students. However, the same faculty teach online and on-campus and the curriculum is also all identical. This university offers a plethora of emphases including Data Analytics, Environmental Health, and Safety, Finance, Human Resources Management, Information Technology Management, International Business, Management, Marketing, Project Management, Supply Chain Management, or a personally customized option.
#26 Colorado State University
Score: 91.6
Financial Aid: 80%
Average Net Price: $17,191
Retention Rate: 82%
Graduation Rate: 69%
Located in Fort Collins, Colorado, Colorado State University provides an AACSB accredited MBA experience that can be entirely online. Additionally, this public university was among the 2019 Best Colleges for Business in America and ranked one of the top MBA programs available online by US News. Because you can earn this degree entirely online your location does not matter, and you can be admitted while living outside of the United States. Most students have prior work experience before enrolling at Colorado State and continue to work throughout the program. The student body is about evenly male and female with slightly more men. The average age of an entrant to this MBA program is 34 years old. The acceptance rate for this program is 87% making it a bit competitive to be admitted. The cost is $974 per credit. Class sizes here are both averaged and maxed out at 35 students, so if you are looking for small classes this might not be the place for you. Other than the general MBA degree there is a specialization in Marketing and Data Analytics available.
#27 MSU Texas
Score: 91.4
Financial Aid: 94%
Average Net Price: $10,210
Retention Rate: 67%
Graduation Rate: 45%
Midwestern State University Dillard College of Business has an AACSB accredited, fully online MBA program available. This school is highly affordable the entire degree earned online will cost only $12,500. The student population of the business school skews slightly male, with 40% female students. The majority of students have also already entered the professional working world. In addition to the general MBA, there are two concentrations available, Energy Management and Accounting. This degree program focuses on professional competencies and positioning students to meet their career goals. Additionally, case studies are used regularly to review real-life business situations and conditions. The Energy Management concentration focuses on all aspects of the energy industry and how it works to position you for a career managing different types of energy systems. The Accounting concentration prepares students for their career in accounting, including providing the 150-hour educational requirement in preparation for the CPA Exam. This online MBA program focuses on professional competencies and positioning students to meet their career goals. Additionally, case studies are used regularly to review real-life business situations and conditions.
#28 Wayne State College
Score: 91.4
Financial Aid: 95%
Average Net Price: $12,626
Retention Rate: 69%
Graduation Rate: 51%
Wayne State College is located in Wayne, Nebraska. If you have no intention of living or working in Nebraska though, don’t worry. The MBA through Wayne State is able to be earned completely online, so you can be anywhere in the United States, or around the world. This public school is accredited by the International Accreditation Council for Business Education (IACBE). Additionally, the online MBA program was also listed among the best online programs to earn your MBA by US News. This school is also highly affordable. It costs only $361 per credit hour for the online program. Wayne State currently only offers a general MBA degree with no specializations or concentrations. However, there is also an MBA for Business Educators program available. This program is designed for secondary-level teachers to enhance their instructional experience with 18 credit hours of business coursework.
#29 Carnegie Mellon University
Score: 91.4
Financial Aid: 60%
Average Net Price: $29,817
Retention Rate: 96%
Graduation Rate: 89%
This private university, located in Pittsburgh, Pennsylvania is AACSB accredited and ranked third among the best MBA programs online by US News. Carnegie Mellon University is also ranked twelfth by Niche.com among the 2019 Best Colleges for Business in America. The acceptance rate for the MBA program is only 54%, and the cost is somewhat prohibitive at $2,063 per credit hour. There are three MBA program options here the Full-Time MBA, Part-Time Online MBA, and the Part-Time Flex MBA. The Full-Time MBA is a traditional experience, ranging over 21 months. There are no concentrations available, but the focus is on leadership and analytics in this full-time program. The Part-Time Online MBA is not entirely online, weekends are required six times throughout the year, in various locations. The same faculty and curriculum are used online as in the on-campus classes, you are getting the same experience from a different location. Both part-time programs are completed over 32 months. The Part-Time Flex MBA also requires in-person weekends six times a year, but these occur at the Pittsburgh campus.
#30 Prairie View A&M University
Score: 90.6
Financial Aid: 95%
Average Net Price: $10,290
Retention Rate: 71%
Graduation Rate: 35%
This public university is AACSB accredited. An MBA degree can be earned entirely online through Prairie View A&M University. The cost is middle of the road for this program at $796 per credit hour. The average class size is 30 students, and the maximum size of classes is 40 students. Collaboration is forbidden between online and on-campus students. However, all of the same curricula and faculty are present in both in-person and online formats. The student body is 60% female and is comprised of 91% minority students. There are no concentrations or specializations so this degree will be a general MBA. This program makes it easy for working professionals to further their education and attain a Master’s degree at their own pace.
#31 Columbus State University
Score: 89.8
Financial Aid: 93%
Average Net Price: $11,334
Retention Rate: 76%
Graduation Rate: 33%
Columbus State University is a public university and the Turner College of Business is AACSB accredited. The online MBA program here was ranked among the best by US News. The acceptance rate for this program is 86%, and most of these entrants, almost 90%, are already employed. This MBA is earned entirely online, with the exception of in-person orientation which must be attended at the beginning of either the spring or fall semesters. The average class size is 5 students, but that number can grow substantially to a maximum of 30 students. The average student in this program is only 29 years old. The student body is about 75% minority and split just about evenly between males and females. The cost for this program is below the national average at $739 per credit hour. Though all faculty teach both online and on-campus, a collaboration between online and campus students is forbidden. The curriculum is mostly the same online as it is on campus, but there are some differences.
#32 Brigham Young University-Hawaii
Score: 89.8
Financial Aid: 92%
Average Net Price: $12,155
Retention Rate: 62%
Graduation Rate: 56%
The online programs at Brigham Young University Hawaii have been mostly replaced with Brigham Young University Pathway Worldwide programs. However, neither of these platforms offers an MBA at this time. BYU Pathway Worldwide does have an Associate in Applied Management as well as a Bachelor’s in Applied Management, as well as several certificates available. Certificate options include Administrative Assistant, Agribusiness, Basic Accounting, Business Administration, Business and Leadership Skills, Commercial Fundamentals, Computer Programming, Computer Support, Construction Field Supervision, Database, Entrepreneurship, Hospitality and Tourism Management, Social Media Marketing, and Web Frontend. Thus, although this option will not help you in obtaining an MBA it can help you get to that point.
#33 Missouri State University-Springfield
Score: 89.8
Financial Aid: 90%
Average Net Price: $15,173
Retention Rate: 77%
Graduation Rate: 55%
Missouri State University – Springfield has one of the largest public colleges of business in the Midwest. Applicants enjoy an 85% acceptance rate to the online MBA program, which is referred to as the Evening Program by this university. They offer a traditional program, an accelerated program, and an evening program where you can schedule in-person classes on campus or complete the degree entirely online. Only 33 credit hours total is required for this degree. There are a number of Graduate Certificates available through the College of Business, which most students complete as the elective portion of this degree. Graduate Certificates available are Computer Information Systems, Cybersecurity, Data Analytics, Entrepreneurship, Finance, Financial Analysis, Forensic Accounting, International Business, Leadership, Management, Marketing, and Tax Accounting. The online degree cost is quite affordable at a tuition of $11,220 in total.
#34 Georgia Southern University
Score: 89.8
Financial Aid: 90%
Average Net Price: $16,264
Retention Rate: 79%
Graduation Rate: 50%
This public university was ranked 66th among the best MBA programs online. The Georgia Southern University MBA is AACSB andregionally accreditedby the Southern Association of Colleges and Schools Commission on Colleges (SACSCOC). The online MBA is rather affordable at $22,170 for the complete degree in addition to a fee each semester of $290 and a one-time orientation fee of $700. The degree can be obtained almost entirely online, except for attendance at orientation which takes place in Atlanta. This program has an acceptance rate of 91% of students. The average student is 34 years old, and 59% male. Classes are generally limited to 24 students; however, the maximum allowed is 40 students. Online and on-campus students are completely separate. They do share the same faculty and almost identical curricula. The program will take 21 months, just under two years, to complete as it only consists of 30 credit hours in total. This is a general MBA but is still a great way to further your education.
#35 Texas State University
Score: 89.6
Financial Aid: 81%
Average Net Price: $13,579
Retention Rate: 78%
Graduation Rate: 54%
The McCoy College of Business Administration at Texas State University offers both a full-time MBA and a Flex MBA program. Within the Flex MBA program, which can be completed completely online, students can also choose an emphasis to further their experience and expertise. These emphases include Computer Information Systems, Engineering Technology, Health Administration, Human Resource Management, and International Business. The average time taken to complete this degree at the AACSB-accredited McCoy College of Business is around 28 months. The cost for a Texas resident to procure this degree is just around $25,000.
#36 Louisiana State University Shreveport
Score: 89.2
Financial Aid: 95%
Average Net Price: $9,393
Retention Rate: 64%
Graduation Rate: 30%
The Business program at Louisiana State University – Shreveport is ranked among the top business programs in America, according to US News. It is also AACSB accredited. This fully online experience is very low cost at under $13,000 for tuition for the entire program or about $350 per credit hour. This degree can also be completed in as little as ten months, with a total of 30 credit hours needed. This public university also provides many options for concentrations to go along with the MBA. Available concentrations include Data Analytics, Entrepreneurship and Family Enterprise, Finance, Hospitality, and Casino Management, Human Resource Management, International Business, Marketing Project Management, and Non-Profit Administration. The myriad of options for emphasis coupled with the low cost of this school means that this is a great online option. Louisiana State also has a quick turnaround from your application to the start date. For example, an applicant submitting their application on April, 22nd could begin classes as soon as May 13th of the same year.
#37 University of Nebraska at Omaha
Score: 89.0
Financial Aid: 88%
Average Net Price: $11,727
Retention Rate: 76%
Graduation Rate: 47%
The University of Nebraska at Omaha business program is AACSB accredited and internationally recognized. This program is designed for working professionals and it includes a flexible schedule, small and interactive classes, full and part-time completion options, et cetera. There are several concentration options including Business Analytics, Business Technology, Collaboration Science, Healthcare Management, Human Resource Management, International Business, Investment Science, Risk Management, Supply Chain Management, and Sustainability. There are a total of 33 credit hours required, nine of which are comprised of elective courses. There is also an MBA Leadership Seminar Series that students are required to participate in at least twice prior to graduation. This series allows students the opportunity to interact with and learn from top executives and leaders in the area. There is also a capstone course requirement where students must complete an integrative applied project for a real organization. Dual degrees and certificates are also available, as well as a graduate minor in Business Administration. Dual degree options are MBA and Master of Public Health, MBA and Masters of Science in Management Information Systems, MBA and Pharmacy Doctorate, and MBA and Medical Doctorate. Available certificates include Business for Bioscientists, Business in Health Administration, and Human Resources and Training.
Choosing the Right MBA Program
There are hundreds of MBA programs to choose from in the U.S., so you may want to prioritize your school search according to a few key criteria. Some important things that you should consider before you choose an MBA degree program include:
ACCREDITATION
There are 2 general types of accreditation that you should pay attention to when youresearch online MBA programs.
INSTITUTIONAL ACCREDITATION
Institutional accreditation is given to schools that meet the educational standards of the U.S. Department of Education. When a school is accredited by an agency approved by the Department of Education, students who enroll in that school are eligible for federal and often state financial aid. If the schools that you apply to ask you to fill out a Free Application for Federal Student Aid (FAFSA), then they are almost certainly accredited. However, if you are still concerned about the accreditation status of a school, you can search the online databases offered by theU.S. Department of Educationor theCouncil for Higher Education Accreditation.
SPECIALIZED ACCREDITATION
MBA and other business programs are accredited by theAssociation to Advance Collegiate Schools of Business (AACSB). Most of the traditional business schools in the U.S. are accredited by the AACSB, and several of these offeronline MBAprograms. Some schools are primarily Internet-based and that hold institutional accreditation but not specialized accreditation. You can use the AACSB website to determine which programs they accredit.
AVOIDING DEGREE AND DIPLOMA MILLS ONLINE
By verifying that your school and your online MBA program are accredited, you can avoid getting a degree from a so-called diploma mill. It is important to double-check with accrediting organizations to make sure that each program is really accredited because many degrees and diploma mills use language that suggests that they are accredited when they are not. Remember, if an online degree program seems to be too good or too easy to be true, it probably is.
FACULTY
The faculty members at your online MBA program play an important role in your academic experience. Most schools have faculty websites that let you examine each professor’s academic background and professional experience. Because MBA programs teach both theoretical knowledge and practical skills, it is important for your faculty to have a mix of education credentials and real-world experience.
In an online MBA program, most of your interactions with professors are through e-mail or phone calls, which can sometimes seem impersonal. However, just because you have to use these methods of communication does not mean that you cannot develop professional relationships with your professors. An important aspect of business schools is the opportunity to network with both your professors and your classmates.
FOR-PROFIT VS. NON-PROFIT SCHOOLS
Although both non-profit and for-profit schools offer online MBA degree programs, there are some key differences between these 2 types of schools that you should be familiar with.
FOR-PROFIT SCHOOLS
For-profit schools are privately owned and operated and are sometimes referred to as proprietary schools. Although many online schools are accredited and can offer their students federal financial aid, they still have questionable reputations due to the high student loan default rates among graduates of their programs. If a school’s loan default rate concerns you, you can review these figures on the U.S. Department of Education’sloan default database.
NON-PROFIT SCHOOLS
Non-profit schools can be public or private. If they are accredited, they are also eligible for federal financial aid. Although non-profit schools have been slow to offer programs in a web-based format, the number of their online offerings has increased significantly in the past few years. Because most non-profit schools have a traditional brick-and-mortar campus, an online degree from 1 of these schools often has the same prestige as a campus-based degree. Therefore, a key advantage of the online MBA programs that are offered by traditional non-profit schools is that future employers tend to have a more favorable opinion of the degrees that they award.
BEST TYPE OF PROGRAM: FULLY ONLINE OR HYBRID?
Many online MBA degrees are offered as fully online or hybrid programs. There are advantages to each type of program, and you should choose the format that best suits your learning style and situation.
FULLY ONLINE PROGRAMS
An MBA that is offered in a fully online format offers nearly all of its material online, including lectures, articles and assignments. Textbooks can be either online or in print format. You may have to travel to campus to take exams for your courses, but these programs often let you submit homework assignments, research papers and quizzes over the Internet. A proctored test is when a student takes an exam in a setting where they can be monitored. An un-proctored test is when a student takes an exam alone, either on paper or on their computer. In a fully online MBA program, your primary method of communication with classmates and professors is through e-mail, discussion forums and sometimes over the phone.
If you have a computer and reliable Internet access, the biggest advantage of choosing a fully online MBA program is that you have the flexibility to work and study anytime and almost anywhere you want. However, a disadvantage to a fully online MBA program is that cooperative learning experiences like group projects are often not possible.
HYBRID PROGRAMS
MBA programs that are offered in a hybrid format provide much of their learning materials online, but they also require you to be on campus for certain classes and events. In a hybrid program, you might upload some of your assignments to the class website or present group projects to the class. Exams may be given online or in the classroom.
Hybrid programs are typically designed with the working student in mind. This means that your on-campus meetings will probably be in the evenings or on the weekends. Although hybrid programs offer less flexibility than fully online programs, they still require much less time on campus than traditional programs. Another benefit to the hybrid format is that you will be able to meet and hold discussions with your professors and classmates in person.
CAPSTONE AND PROJECT REQUIREMENTS
Many online and on-campus MBA programs require their students to complete a final assignment called a capstone project in their final year of study. These projects offer you the chance to integrate what you learn in your MBA program into a real-world business situation. Most MBA capstone projects are assigned to groups rather than individuals. If you have questions or are concerned about doing a capstone project, you should contact the schools that you are applying to and ask whether they require MBA students to complete a capstone project.
Should You Get an MBA Online ?
WHAT IS AN MBA?
Amasters of business administration (MBA) degreeis for students who want to either begin their careers or advance their careers in areas such as management, consulting and finance. You do not have to have an MBA to have a career in business. However, in recent years, it has become the industry standard for many higher management and executive positions. In the last decade, thenumber of MBAsthat are awarded each year has climbed by about 50%.
THE PROS AND CONS OF AN ONLINE MBA?
If you are interested in pursuing an online MBA, you should understand the advantages and disadvantages of earning an MBA online.
PROS
Flexibility
One of the most obvious advantages of anonline MBAis that these academic programs offer you flexibility in your schedule that many traditional on-campus programs cannot. If you choose to enroll in anonline MBA program, you can watch lectures, finish reading assignments and do your homework whenever you have the time.
Promotions and Raises
In many situations, earning an MBA is the best way for business professionals to get promotions and larger salaries. Graduates who hold professional degrees like MBAs generally havehigher salariesand lower rates of unemployment than graduates with any other type of degree. However, it is important to note that although many MBA graduates earn 6-figure salaries, an MBA degree does not guarantee a high salary.
Large Networks
Online MBA programs often enroll students from all over the U.S. and worldwide. As economies become more and more globalized, the opportunity to work with and learn from classmates who come from different regions of the U.S. and the world can be a beneficial experience for your future business career.
CONS
Lack of Internships
Internships offer the chance to work with real businesses while you are still in school and are an important part of many traditional MBA programs. However, some online MBA programs do not offer internships, especially those offered by Internet-only schools. By contrast, brick-and-mortar schools that offer both traditional and web-based programs often make the same internship opportunities available to both online and on-campus students.
Expense
MBA programs, in general, are not cheap, and online schools often cost as much as tuition at a brick-and-mortar university. The tuition for 1 year in an MBA program can range from $25,000 per year to more than $50,000 per year. Many of the highest-ranked business schools also charge the highest tuition rates. In addition to understanding how an MBA will help further your career, you should also fully understand the financial commitment that you make when you enroll in an MBA program.
Bad Reputations
You need to note the difference between online MBA programs that are offered by traditional schools and online MBA programs that are offered by Internet-only schools. Although many Internet-based schools offer a rigorous and competitive curriculum, they often have a bad reputation in the academic and business communities. Earning a degree from such a school might not be worth the investment, even if the school or program is accredited. MBA graduates who earn the highest salaries tend to be graduates of the highest-ranked business schools, and none of these are Internet-only schools.
SHOULD YOU ENROLL IN AN ONLINE MBA PROGRAM?
Although you should be very cautious when looking for an online degree, many web-based MBA programs meet the accreditation standards of the U.S. Department of Education and the Association to Advance Collegiate Schools of Business (AACSB). The best online MBA programs are accredited, provide plenty of academic and career support and provide you with the flexibility to study at times that best fit your schedule.
There are several factors that you should consider before you enroll in an online MBA program, including your job situation, family, and geographical location. If you plan to continue to work while you earn your MBA, an online program may offer you the flexibility that you require to do both. The same may be true if you have family obligations and responsibilities that make it impractical for you to enroll in a traditional, on-campus MBA program. If you live in an area where there are no schools that offer an MBA degree, an online MBA program may be your only option.
SHOULD YOU WORK BEFORE GETTING AN ONLINE MBA?
In general, it can be beneficial for you to work before you enroll in an online MBA program. Although business schools sometimes accept applicants with a wide range of work experience, they tend to look for candidates who can contribute to the learning experience of other students. Therefore, applicants with work experience are often more attractive candidates for MBA admissions committees.
Working after you earn your bachelor’s degree and before you enter an MBA program will expose you to the different types of work environments and job responsibilities you may find yourself with after earning an MBA. This experience can shape your interests and guide your specific concentration within your MBA program. If you already know which areas of business interest you, you can also create a more informed list of MBA programs that will suit your interests and career goals.
Additionally, some employers participate in tuition reimbursement programs where they agree to pay for part or all of an employee’s tuition in exchange for a promise to continue working at the company for a specific amount of time after they finish their MBA degree. Because tuition costs can be high, working before and during your MBA program often makes the financial aspect of returning to school less burdensome.
DIFFERENCES BETWEEN AN MBA AND A MASTERS OF ARTS OR SCIENCES
An MBA has several things in common with a master’s of arts (MA) or a master’s of science (MS). All 3 degrees are postgraduate degrees that are only available to applicants who already have a bachelor’s degree. And all of these programs usually take between 1 and 3 years to complete. In addition, MBAs, MAs, and MSs all tend to lead to better career opportunities and higher salaries.
However, there are also some significant differences between MBAs and other types of master’s degrees. For instance, master’s degrees in the arts and sciences are typically considered academic degrees, while MBA degrees are considered to be both academic and professional. Graduates from MA and MS programs can usually demonstrate a level of academic mastery in their chosen discipline. MBA programs teach students the skills that are necessary to work in real-world business settings as well as the academic theories on which those practical skills are based.
WILL AN ONLINE MBA BE WORTH IT?
Only you can determine if an online MBA is worth investing your time, money, and energy. Consider your personal and professional goals and your financial situation, and evaluate how you think an online MBA will help you work toward successfully meeting these goals.
MBA degrees are not necessary to work in business settings, but the degree can positively affect your career opportunities. If you are particularly interested in business strategies, consulting, financial investment, management, and marketing, then the benefits of having an MBA may be worth the investment.
CAN YOU WORK WHILE EARNING YOUR ONLINE MBA?
It is possible to work while you earn your online MBA, and many students hold a job during their studies. Several factors can influence whether or not it is a good idea for you to work and study simultaneously.
One of the main reasons that many students choose to work while they earn their degree is to avoid or reduce the financial burden of paying back student loans after they graduate. And, as mentioned previously, there is also a chance that your employer offers tuition reimbursement plans that cover part of all of your school expenses.
Another good reason to keep working while you study is that you like the company you work for and do not want to lose your position there. Many students actually earn their MBA because they want to advance within the company where they already work. If that is the case, staying in your current position can increase the likelihood that you will find a higher position in that company after you graduate.
Depending on your personal situation, you may want to continue to work while you earn your online MBA. Being a working student can be time-consuming and stressful, but you might find that the advantages outweigh the disadvantages.
ARE YOU READY FOR AN ONLINE MBA PROGRAM?
There are certain skills and personal qualities that will help you succeed in an online MBA program. The most important of these, however, is simply having the motivation and commitment to invest the necessary time in studying and completing assignments. Online MBA programs can offer you more flexibility than traditional programs, but they also require more self-discipline. This is especially true if you have obligations outside of school like a job or a family.
There are also practical skills that will help you succeed in an online MBA program and in online classes:
Computer, Technology and Internet Skills
When you enroll in an online MBA program you should be sure that you have basic computer and Internet skills. You do not have to be an expert technician, but you should know how to send and receive e-mails, upload and download documents, learn new software systems and post comments in online discussion forums.
Scheduling and Time Management Skills
Time management skills are critical to success in your online MBA program. The freedom to set your own study schedule is not only a luxury but also a responsibility. You must create a study schedule that includes all of your various tasks and gives you enough time to complete each 1. Additionally, you must also be able to prioritize your responsibilities. Sometimes unexpected situations arise and disturb your study plan. You must be flexible enough to reorganize your remaining time and determine which tasks are most important.
Study Skills
Students who succeed in online MBA programs have good study skills and are able to use them effectively in an independent learning environment. Although students who study online may have contact with their virtual classmates, the Internet format can make it difficult to organize study groups. Although you may be able to find study partners for certain classes, you should not rely on support and motivation from others.
HOW WILL AN EMPLOYER VIEW YOUR ONLINE MBA?
An employer’s perception of your online degree will depend on several factors. The first and most important factor is whether your degree program and school are accredited by a nationally recognized education organization. Accredited online programs almost always have more legitimacy than those that do not, and this is especially true for online degrees.
Another factor in how an employer will view your online MBA is whether or not you work for the employer when you earn your degree. If you continue to work during your online MBA program and your employer endorses your degree, they will probably view your degree favorably once you have finished.
If you graduate from an online MBA program and then look for a job with a new company, they may be less likely to view your online degree favorably. This is true even for degrees that are earned from accredited schools and programs. A2006 research studyfound that employers were more likely to choose a candidate who has earned a degree from a traditional school over a candidate who has a degree from an online program. Although an increasing number of respected colleges and universities are beginning to offer online programs, you should still be aware that an online degree can be a disadvantage on the job market.
Further Reading:
- Most Affordable Online Colleges
- Fastest Accelerated Online Degrees
- Affordable Online MBA Programs
Accredited Online MBA Programs That Might Interest You
Learn about start dates, transferring credits, availability of financial aid, and more by contacting the universities below.