In obtaining a Master’s degree, most applicants have not only completed their Bachelor’s degree but already have several years of professional work experience under their belt. The choice to earn your Master’s in Business Management or Administration (commonly called an MBA or an MBM) is a personal one, but the achievement can bring great rewards.
Of course, working full-time and getting your MBA at the same time is not an easy task, but with the addition of online options popping up in colleges and universities nationwide, it is certainly obtainable. Most of the schools listed below require zero on-campus attendance and are asynchronous allowing you to schedule your studies around your busy lifestyle.
The writers at Business-Management-Degree.net are honored to compile the following list of the Top 20 Online Master’s of Business Management Degree Programs for your review, listed in no particular order. Please look at each one carefully, for they all exhibit exceptional qualities offering affordability and flexibility.
With an AACSB accreditation, you can be certain that you are attending a top-notch school as this accreditation is the hallmark of excellence in business education with only 20% of the business schools in the world receiving this honor. Other contributing factors were considered, such as:
- Offers 100% Online or Hybrid degree programs, providing convenience and flexibility,
- Caters to working adults striving to earn a Master’s Degree In Business Management,
- Exhibits Proper Accreditation to ensure a quality education,
- Allows for flexibility through asynchronous classwork, virtual classroom settings, and 24/7 Tech Support,
- Many online schools offer Career Services and other online help resources focused on Business Management,
- Provides innovative technology used in today’s business applications and management,
- Helps to develop critical-thinking, decision-making and leadership skills set,
- Lays down a strong focus on Business Management Laws and Ethical Practices,
- Covers many areas of Business Management, such as needed in Global Business, Finance, Human Resources, and Supply Chain Management, and much more,
- Provides training relevant to all types of business or industries,
- Opportunities for on-campus activities or community outreach projects.
To learn more, see our METHODOLOGY page.
ARIZONA STATE UNIVERSITY
Consistently ranked high among prestigious online university’s rankings, the W. P. Carey School of Business is taught by a world-renowned faculty, the same teachers that instruct the brick and mortar students. Students admitted to Arizona State’s School of Business generally have worked an average of 6 years before applying to business school.
Campus Location: Tempe, AZ
Accreditation: North Central Association of Colleges and Schools, The Higher Learning Commission, AACSB
Tuition: There is a reservation fee/deposit of $500 that is non-refundable. Tuition for the graduate class of 2019 is $58,352 for resident and non-resident students. Be certain to ask about any additional fees, materials’ costs, etc. There is also an application fee of $70 for domestic students and $115 for international students.
Financial Aid: Available to you are student loans, the ability to file a FAFSA (Free Application for Federal Student Aid), scholarships, and veterans benefits, if applicable, but there are specific deadlines so make sure you meet those. There are also federal unsubsidized loans and private education loans obtained from private lenders available as well.
Acceptance rate: 59%
Pre-requisites: You will need to complete a 30-minute online application after submitting your GMAT scores (they will accept GRE, but prefer GMAT), transcripts, two online letters of recommendation, resume, personal references, and essay questions, along with extracurricular activities.
Course flexibility: W.P. Carey School of Business has a One-Course-At-A-Time format meaning that you take only one course to obtain your MBA at a time allowing for your personal and business life to coexist with your studies and at the most, a semester will include up to three classes taken in 5 week periods per course with an exam week and a short break. Starts dates are in January and August of each year.
Learn more about ASU’s Online MBA Program
ARKANSAS STATE UNIVERSITY – JONESBORO
Arkansas State University Online MBA offers a high powered flexible MBA program geared especially for busy hard-working professionals. The faculty works diligently to provide the best education possible for their students. With an action-based learning style, students will get the experience they need to succeed in today’s demanding business world. The online MBA degree program is only available in certain states; therefore, you should check their website to see if your state is included.
Campus Location: Jonesboro, AR
Accreditation: North Central Association of Colleges and Schools, The Higher Learning Commission, AACSB accredited, AACSB
Tuition: The MBA program’s tuition is stated here for both in-state and out of state residencies.
Admission considerations: Complete the online application, send in your official transcripts, GMAT scores no more than 5 years old, and submission of the GRE is allowed under certain circumstances as there are conditional admission allowances regarding GPA and GRE/GMAT scores (please see website for details).
Course flexibility: The Arkansas State online MBA program is as flexible as it gets when it comes to traditional online courses. It allows those who work full time to study on their own time. The MBA degree program requires 27 hours of core coursework and 6 hours of electives equalling 33 total hours.
Learn more about Arkansas State University’s Master of Business Administration
The Robert J. Harbert College of Business at Auburn University is the same quality education you would receive attending its brick and mortar counterpart. This top-ranked MBA online program will provide you with a competitive advantage in order to achieve success in your future business endeavors.
Campus Location: Auburn, AL
Accreditation: AASCB, Southern Association of Colleges and Schools, Commission on Colleges
Tuition: Tuition Calculator
Financial Aid: Student loans and scholarships are available
Admission considerations: After completing the online e-application, then send the MBA paper application form, with your official transcripts, three recommendations, three required essays, GMAT scores, and a current resume.
Course flexibility: Whether you choose Auburn’s DVD, online, or live streaming options in order to “attend” class, you are being taught by the same award-winning faculty as the on-campus students. Classes can be viewed on your time. Students can complete the program in 21 months for an MBA, with a total of 39 credit hours.
Learn more about Auburn University’s Online Business Administration MBA
BALL STATE UNIVERSITY (MILLER)
At Miller College of Business at Ball State University, experience plays a major role in their curriculum. They have adapted hands-on training into the learning environment for the students. Students also have the ability to interact with business professionals and interact with real-life business scenarios and problem-solving.
Campus Location: Muncie, IN
Accreditation: AACSB, North Central Association of Colleges and Schools, The Higher Learning Commission
Tuition: Ball State offers in-state and out-of-state tuition rates and are calculated based on the number of hours taken. Click for more detailed tuition information.
Financial Aid: Graduate students are not eligible for Federal or State grant programs. You must be enrolled at least half-time (5 hours) to receive Stafford loan funding.
Acceptance rate: 62%
Admission considerations: Undergraduate transcripts to be submitted along with the application (app fee of $60), previous academic record, GMAT scores or GRE as long as they are within the last six years, a one to two-page resume, along with three professional letters of recommendations. You will need to account for at least one year of work experience.
Course flexibility: Most of the online classes are asynchronous and can be taken at your own convenience, but there are some that synchronous and on Webcast and requires your participation with the class.
Learn more about Ball State University’s MBA Online in Business Administration
Boston University Online Master’s program in Business Analytics is designed for the working adult in mind. No matter where you are or what hours that are most convenient for you, you will still be able to complete course assignments. Students gain all the advantages online as they would in a classroom setting. Boston University offers many master’s programs that are offered throughout the year.
With an award-winning online program, Boston University’s School of Business – Distance Education, offers students an up-to-date, unique educational experience. Boston is ranked among the best for having an unrivaled online program due to innovation in course development and a faculty that is known worldwide.
Campus Location: Boston, MA
Accreditation: New England Association of Schools and Colleges, Commission on Institutions of Higher Education, AACSB
Tuition: Full Tuition Information is listed via this link.
Financial Aid: See the university’s website for more information
Acceptance rate: 29%
Admission considerations: Completing the online application ($85 app fee), an essay outlining your motivation for taking the degree program, resume, 3 letters of recommendation, official university-level transcripts, GMAT or GRE results…they accept either one.
Course flexibility: Most of Boston University online courses are on a seven-week schedule. Though you will need to finish work in a manageable time. Most students commonly start and finish two courses per semester. Students are given the opportunity for tech support 16 hours a day (8 am-Midnight).
Learn more about Boston University’s Online MS Degree Program in Business Analytics (MSABA)
CENTRAL MICHIGAN UNIVERSITY
Prior to starting Central Michigan University’s MBA program, you must meet all NINE pre-requisite courses before being accepted. Be aware that you must apply at least six weeks prior to the start of the new semester.
Campus Location: Mt Pleasant, MI
Accreditation: North Central Association of Colleges and Schools, The Higher Learning Commission, AACSB
Tuition: Tuition rates for CMU
Fees: $50.00 application fee
Financial Aid: Federal Direct Subsidized Loans and Federal Direct Unsubsidized Loans.
Acceptance rate: 37%
Admission considerations: In addition to the required courses, you must submit:
- application fee
- all undergraduate transcripts
- personal statement
- GMAT scores: must be less than five years old with a minimum score of 450.
- At Central Michigan University, work experience and credit hours from another institution could be accepted upon certain conditions.
Course flexibility: The minimum time requirement is 30 months. Students enrolled in the online MBA degree programs have seven years to complete the program and, at least, two courses per semester are required. Each semester, spring, summer and fall, are all eight weeks long.
Learn more About CMU’s Global Campus-Online MBA Programs
GEORGIA COLLEGE AND STATE UNIVERSITY
The Georgia College online MBA is an awarded program that is designed to challenge its students to ready them for rigorous business industry. A two-day orientation is required, in Atlanta, at the beginning of the program. The program has qualified faculty to lead the students into a sound future in business and their WebMBA is ranked in the top 20 AACSB-accredited distance-learning MBA programs for tuition rates well below the national average.
Campus Location: Milledgeville, GA
Accreditation: Southern Association of Colleges and Schools, Commission on Colleges, AACSB
Tuition: Click this link for full tuition information
Acceptance rate: 39%
Admission considerations: You must have a baccalaureate degree from a regionally accredited college or university in addition to two years of professional work experience. Your GMAT scores will determine your eligibility for the program BUT if you have taken the GRE within the last three years you may be able to substitute the GMAT with your GRE score.
You may request that your “significant” professional work experience be a replacement for a GMAT/GRE score but there are certain guidelines in order to do this, including 8 to 10 years of full-time professional employment AFTER receiving your bachelor’s degree.
Course flexibility: The Georgia College online MBA is completely online, therefore, there are zero on-campus requirements, along with no residencies. Students will work together in a team format. All courses are asynchronous for students to work on their own time. This program will take you an estimated 20 months to complete.
Learn More About Georgia College and State University’s WebMBA-Online MBA Program
INDIANA STATE UNIVERSITY – BLOOMINGTON
Kelley’s School of Business online is called Kelley Direct MBA and offers you the opportunity to achieve the success of a dual master’s degree with only twelve additional hours of course study. Indiana University – Bloomington consistently has one of the top-ranked MBA programs available. An MBA program can be completed within two years.
Campus Location: Bloomington, IN
Accreditation: North Central Association of Colleges and Schools, The Higher Learning Commission, AACSB
Tuition: $1,380/per credit hour, with 54 credit hours needed to graduate with an MBA. The average cost for materials is $100 per course. The application fee is $75.
Financial Aid: Federal loan options, scholarships, military benefits, and third-party sponsorships
Acceptance rate: 86%
Prerequisites: If you do not meet the requirements of this program, they do offer “primer” courses that cost $150.00 per course to fulfill the school’s requirements. Any student that wants to may voluntarily enroll in the primer programs to be certain they are ready.
- Accounting: College-level financial accounting course (200-level or above) or equivalent with a grade of B or better within the past 5 years, or demonstrate significant work experience in financial accounting.
- Statistics: College-level course (200-level or above) or equivalent with a grade of B or better within the past 5 years, or demonstrate significant work experience in statistics.
They also are very selective about who enters the MBA program and also requires your academic record, GRE or GMAT scores, letter of recommendation, official transcripts, resume of work experience, and personal statement.
Course flexibility: The online courses are taught by the same award-winning faculty as in their brick and mortar option and have available the most flexible online program as any other nationally ranked top 20 online MBA program. They offer 60 online courses to better individualize your career options. In addition, knowledge of Microsoft Excel is required to take these online courses and if you are not familiar they have a primer course for it as well.
Learn more about Indiana State University’s Personalized MBA Program Online
JAMES MADISON UNIVERSITY
James Madison University has three Master of Business Administration programs from which you can select. Of course, Business Administration’s core content will be included in your degree program, as well as choosing a concentration in Innovation, Information Security, or Executive Leadership. While maintaining your regular job, their online MBA program can be completed in 28 months or less.
In addition, JMU students are presented the awesome opportunity to take part in a week-long residency within an international location, such as India, South Africa, or China. Your costs, except for airfare, are included in your tuition.
Campus Location: Harrisonburg, VA
Accreditation: Southern Association of Colleges and Schools, Commission on Colleges, Commission of Higher Education Accreditation, AACSB accredited
Tuition: The university’s MBA program tuition for in-state students is $499 per credit hour and $1231 per credit hour for out-of-state students. JMU’s Orientation fee is $180. There is a $60 application fee.
Financial Aid: Scholarships, grants, and loans are available to students including the FAFSA application to apply for aid.
Acceptance rate: 72%
Admission considerations: GMAT scores, overall grade point average, a resume that includes 5 years of work experience, letter of recommendation (and the writer’s email address) and a minimum of 2 years of full-time work experience, 250-word personal statement. Keep in mind that their recent students’ average GPA is 3.2, the average GMAT score is 570 and 4 years of work experience
Course flexibility: The online MBA program at James Madison University consists of a mixture of synchronous and asynchronous courses. The deadline for application submission is June 1st. Every three weeks you are required to attend a face-to-face meeting with faculty on campus in Harrisonburg, VA, but all other weeks it will be during an online synchronous class. All students attending the online MBA program are generally already employed and will have access to all online classes via recorded and archived courses to accommodate your schedule.
Learn More about James Madison University’s Business MBA Online Programs
The Lubin School of Business offers two unique programs, the Executive MBA and their regular MBA program, and both are also another highly ranked business program whose eMBA is regarded as one of the best. Graduates of this program have a high percentage of employment with Pace University placing among the 2 percent of business schools with both accounting and business accreditation from the AACSB.
Campus Location: New York, NY
Accreditation: AACSB, Middle States Commission on Higher Education
Tuition: Lubin School of Business Executive MBA can be completed with 54 minimum credit hours with the entire program estimated to be approx. $80,300 – all-inclusive. A $1,500 non-refundable deposit is required to hold your place in the program upon acceptance which is applied to the tuition costs.
Financial Aid: Several options are available for Pace University students. From scholarships and student loans to work-study programs and graduate assistantships.
Acceptance rate: 76%
Admission considerations: One essay or letter of motivation, official transcripts, two letters of recommendation, in addition to a $95 non-refundable application fee. Extremely selective, Pace University requires, also, at least five years of managerial or professional work experience and an undergraduate degree from an accredited college. A GMAT score is not required; however, a personal interview with faculty is required to determine your determination and career goals.
Course flexibility: With a minimum time commitment of 20 months, you can complete this eMBA program. There is a required one-week orientation on-campus.
Learn More about Pace University’s-Executive (MBA) NYC Campus Online
PENN STATE – WORLD CAMPUS
The Penn State World Campus strongly engages students to be able to interact with faculty through various types of online communications. Students have the resources to interact with professionals from a wide range of business industries. There are many students who feel that the interaction with the faculty is as good if not better than sitting in a classroom. The faculty at Penn State World Campus are all full-time graduate faculty with many years of combined experience in successful business industries and have also been specially trained to teach online effectively.
Campus Location: State College, PA
Accreditation: Middle States Commission on Higher Education, AACSB
Tuition: 48 credits are required to obtain your MBA at a cost of $1,236 per credit, with 20 concentrations to choose from.
According to the school’s website, “The cost of the online MBA program covers ALL tuition, books, course materials, fees, and room and board during the residency experiences. The only cost not covered is the transportation to the residency experiences. There is no additional charge for non-Pennsylvania residents.” Great news that non-residents can choose and attend this online MBA program without additional costs involved!
Financial Aid: Students must complete the FAFSA to apply for financial aid and scholarships are available.
Acceptance rate: 54% admissions rate with a 42% enrollment rate
Admission considerations: You must complete the school’s online application (application fee of $65) and submit two recommendations (with their email addresses), resume with preferably two years of working experience, essay responses to six questions, and U.S. Bachelors’s degree official transcripts. The GMAT or GRE score is accepted but must be from within the last 5 years. An online interview may be requested.
Course flexibility: The iMBA program allows you to study at your convenience. For the most part, a course is separated into lessons with one lesson being assigned per week. At times, you will be required to schedule your study during a team-based work activity which occurs during the week.
Learn more about PennState’s Master of Business Administration Online Programs
The Quinnipiac University MBA program offers in-depth programs for working adults and full-time students. The school strives for its students to be innovative in their studies and learning. Ethical standards and skill development are key for students during the curriculum since it is action-oriented. The MBA program is 46 credit hours (34 core credits and 12 elective credits) but students have choices from a varied group of electives for a more broad study of various areas in business.
Campus Location: Hamden, CT
Accreditation: New England Association of Schools and Colleges, Commission on Institutions of Higher Education, AACSB, The Association to Advance Collegiate Schools of Business
Tuition: The MBA program requires 46 credits. Currently, tuition is $985 per credit hour and the registration fee is $25.00 per semester. Supplies and books can cost between $350 and $1050 annually, depending on the chosen degree program.
Acceptance rate: 76.4%
Admission requirements: You must submit an online application, official transcripts from all of the institutions you have attended, a current resume, three letters of recommendation, and a personal statement or letter of intent, GMAT or GRE is required but can be substituted with certain criteria (see website).
Course flexibility: Quinnipiac offers asynchronous online classes, but all courses require your participation in discussions using email and submitting assignments to the faculty via the Web. Textbooks are their primary source so you would need to purchase those books but you would receive all assignments and take tests and such over the Internet.
Learn more about Quinnipiac University’s Online Master of Business Administration
“Experience the power of Fox!” To succeed in today’s business world, you will need a top-of-the-line education that the Fox online MBA can offer. Beginning with a one-week residency at Temple University and completing the leadership development course, students will have the opportunity to meet with fellow online classmates and their world-renowned faculty. The online courses offer working professionals who can not afford to take off time from work. They provide many starting points throughout the year to enter the MBA program. All classes are collaborative so each student can build off one another.
Campus Location: Philadelphia, PA
Accreditation: Middle States Commission on Higher Education, AACSB
Tuition: Tuition is $1,245 per credit hour and the program consists of a total of 48 credits and can be completed in as early as 20 months or you can take up to six years. There is a non-refundable $60 application fee.
Financial Aid: Recognized as a full-time program, Federal Financial Aid options are available, such as the Federal Stafford Loan, the Federal Graduate PLUS loan and alternative educational loans along with merit scholarships.
Acceptance rate: 52%
Admission considerations: Upon completing your application, required of you are your college transcripts, current resume, letters of recommendation, a required essay on a specific topic, and your GMAT scores if taken only within the last five years (There is a GMAT waiver policy and GRE scores are also accepted). After your application has been submitted, interviews for admissions are held via invitation only.
Course flexibility: For most of the course, students will be able to focus on one class at a time lasting up to four weeks. During those weeks of study, the course will be comprised of video lectures (that can be viewed on your own schedule), assigned readings and discussion boards. Each week on Thursdays, there will be a scheduled live class online, which is optional to attend. There will be extra assignments for opting out of the synchronous class. Throughout the course, the faculty and students will endeavor in asynchronous networking.
Learn more about Fox Online MBA-School of Business
UNIVERSITY OF FLORIDA (HOUGH)
The Hough School of Business at the University of Florida offers an online version that includes a two-year program, 24 months, and an accelerated hybrid one year program that actually consists of 16 months of study. Their online MBA program is another consistently high ranking degree program.
Campus Location: Gainesville, FL
Accreditation: Southern Association of Colleges and Schools, Commission on Colleges
Tuition: The two-year program will cost $59,807.20 for the two-year MBA degree program and programs begins in January, May, or August. The application fee is $30 plus an additional $7 if paying by credit card.
Financial Aid: You may apply for student aid even before admission to the MBA program. You may apply through the FAFSA for federal student loan programs and they also offer scholarships and private sector loans as well.
Acceptance rate: 46%
Admission requirements: Applicants are required to submit an application and provide detailed work history, essays, and academic history, two recommendation letters, and your GMAT/GRE scores, as well and if you are applying for the one-year program you must have graduated within seven years from an undergraduate business program. Both the two-year and the one-year option requires at least two, full-time years of professional work experience.
Course flexibility: The UF Internet MBA as it’s called is perfect for those professionals that may relocate during their pursuits to obtain an MBA or maybe your work or professional commitments won’t allow for you to attend the traditional option. This online school does require you to come to the actual campus for a Saturday and Sunday once per term (about every four months) to take your final exam and give presentations to end one term and then also to meet the faculty teaching your following term’s classes.
Learn more about UF MBA Online-Business Administration Degrees
UNIVERSITY OF NEBRASKA – LINCOLN
The MBA program offered at the University of Nebraska at Lincoln allows you to complete the program in as little as two years or as many as ten years, but many students complete the program in two to four years. The award-winning staff will guide you just as they do the students attending classes in person.
Campus Location: Lincoln, NE
Tuition: 48 hours are required to complete the MBA program. There is a $50.00 online application fee. Tuition for Nebraska residents is $630 per credit hour.
Acceptance Rate: 64%
Admission considerations: A 3.0 GPA Bachelor’s degree is recommended, a GMAT score of 600 is recommended but a comparable GRE score will be considered. One year of leadership/management work experience is recommended and three letters of recommendation, along with a professional resume. The GMAT score, the 3.0 GPA and the one year of work experience are preferred but it will suffice to have areas of expertise to offset one these by that highlights your abilities.
Course flexibility: At the University of Nebraska-Lincoln you are not required to visit the campus but are, of course, welcomed to anytime. Every situation is certainly different but you should expect to spend four hours on-line and eight to twelve hours off-line PER WEEK, PER COURSE. In addition, you may complete these hours any time of the day or night and although the professors sometimes hold phone conferences or online chat rooms to interact with students, you are not required to attend.
Learn more about the University of Nebraska’s MBA Business Degree Programs Online
UNIVERSITY OF TENNESSEE – MARTIN
The University of Tennessee at Martin’s online MBA program is open to any student or working professional that holds a bachelor’s degree from an accredited four-year college or university. The UT Martin MBA program is young but has already received many awards for its accomplished track record. The online MBA program is geared more towards financial services but is open to all fields. The online MBA is taught by the same dedicated faculty that teaches the brick and mortar counterpart. Typically, the program can be completed in 18 months, offered online or through a hybrid format.
Campus Location: Martin, TN
Accreditation: Southern Association of Colleges and Schools, Commission on Colleges, AACSB accredited
Tuition: Tuition per credit is $620 (in-state) and $676 (out of state). The application fee is $30. You will need 30 credit hours to earn your MBA degree.
Acceptance rate: 62%
Admission considerations: Once you complete the online application, you must submit a letter of recommendation from a supervisor, past or current, GMAT score, official transcripts, and current resume. Potential students must have a minimum of 2 years of professional work experience.
Course flexibility: The Online MBA is completely online which is a great advantage for students that are working full time. Trips to campus are not required of you. All you need is a computer and internet to accomplish the assigned workload. The faculty uses a variety of tools accessible for students to view and listen to recorded lessons and lectures. Discussion boards and virtual classrooms are also open to interacting with faculty and other students.
Learn more about UT. Martin Online Business MBA Degree Programs
UNIVERSITY OF TEXAS – DALLAS
The Naveen Jindal School of Management offers a variety of nationally-ranked programs. The school requires 53 semester credit hours upon applying. The online program allows students to choose between a Full-Time MBA or a Professional MBA degree program. The Naveen Jindal School holds in high regard the published work and contributions from its faculty towards research. Full-time MBA program takes 18 months to complete, although additional time can be added to the second year.
Campus Location: Richardson, TX
Accreditation: Southern Association of Colleges and Schools, Commission on Colleges,
Tuition: Tuition is based on the number of credit hours per semester. Attached is the link directly to the website’s Tuition and Fees.
There is an application fee of $50 – $100 (domestic) $150 (international)
Financial Aid: Please contact the school for more information regarding financial aid.
Acceptance rate: 68% school-wide
Admission considerations: Complete an online application and submit your official transcripts, work resume, one recommendation letter, one or two essays on topics listed in the application, GMAT scores no more than five years old and a GRE score will be accepted with certain restrictions, resume, and interviews are by invitation only. Please check the website for all admission requirements for they may differ depending on the program you choose.
Course flexibility: The Naveen Jindal School of Management is a hassle-free online program for students with a number of obstacles that may hinder them from attending on-campus classes. No campus visits are required for JSOM’S programs unless proctored exams at this location are scheduled. The online program allows students to take and complete courses at a part-time student pace. Courses are offered each of the three semesters (fall, spring, and summer) also allowing students who are not able to attend campus courses due to relocation will not lose any credits from previous classes. The admission requirements are similar to on-campus courses but have additional fees per credit hour for distance learning.
Learn more about the University of Texas’ Online MBA Business Degree Program
UNIVERSITY OF WEST GEORGIA (RICHARDS)
The Richard’s College of Business’ Masters of Business Administration is an 18 month/30 credit hour program that is designed for highly qualified students looking to deepen their knowledge base and extend their careers. They are a member of The Georgia WebMBA program which consists of highly educated faculty from six University System of Georgia institutions.
Campus Location: Carrollton, GA
Accreditation: Southern Association of Colleges and Schools, Commission on Colleges, AACSB
Tuition: The total program tuition for in-state AND out-of-state students currently is $22,170 plus a Special Institution Fee of $145. You may split the cost of the program into five consecutive semesters. There is also an orientation fee of $600.00 that, at the time of acceptance, is required.
Financial Aid: FAFSA application is available, fellowships and scholarships are available, as well, for graduate students that can receive consideration for receiving this type of aid.
Acceptance rate: 58%
Admission considerations: You will need to complete the online application form along with a $40 application fee, your GMAT/GRE scores, current resume, and an official transcript from all universities and colleges you have attended.
Course flexibility: Although a required two-day orientation on campus in Atlanta is required at the beginning of the program, afterward all classes are held in an online format. And, yes, it is mandatory unless you live or are traveling outside of the continental United States.
Learn more about the University of West Georgia’s Georgia Web MBA Masters of Business Administration
UNIVERSITY OF WISCONSIN – CONSORTIUM
The University of Wisconsin allows students that did not major in business to enter the MBA program through their Consortium Foundation Program which consists of pre-requisite courses and is fully available online. Most courses are 8 weeks and are two credits each.
Campus Location: Madison, WI
Accreditation: North Central Association of Colleges and Schools, The Higher Learning Commission, AASCB International
Tuition: Tuition for residents and non-residents are the same at $766 per credit for a Consortium MBA course which consists of 30-credits. You should expect, at least, an additional $2,000 for books and materials depending on which electives you take.
There are additional fees that may apply in regards to any prerequisite courses, books and materials and the cost of the GMAT/GRE tests.
Financial Aid: Eligibility for financial aid depends on your enrollment. You must be enrolled on at least a half-time basis which consists of 4 credits during the spring or fall semesters. You can find the link to the FAFSA application on the school’s website.
Admission considerations: You must have a bachelor’s degree from an accredited college or university, a cumulative undergraduate grade point average of at least a 2.75, submission of your GMAT OR GRE test scores, and for non-business majors, you must complete the MBA program course prerequisites.
Course flexibility: Traditional on-campus classes, with the professors, textbooks, assignments, etc. are very similar to your online class experience and allows you to coordinate all of your obligations, i.e. work, school, family, and school. You may participate in the courses if you wish to add to the discussion and complete online assignments with other students.
Learn more about the University of Wisconsin’s MBA Consortium-Online MBA Business Degree
WASHINGTON STATE UNIVERSITY
Washington State University’s online MBA prepares students for the real world business industry. Graduates from WSU are already equipped with the tools necessary to make important business decisions. The faculty at WSU has many combined years of experience in their respected fields of expertise. Most faculty members have published works and are among the best with their research. Students will have access to communicate with the faculty one on one throughout the program. The same faculty that teaches the online programs also teach these same programs on campus at Washington State University. They offer an Executive MBA and MBA programs.
Campus Location: Pullman, WA
Accreditation: Northwest Commission on Colleges and Universities, AACSB
Tuition: Whether you live in-state or out of state the tuition per credit hour for a master of business management degree is $595.
Acceptance rate: 77%
Admission considerations: No information could be found regarding admission requirements that were readily available.
Course flexibility: Washington State University encourages instructors to be on a personal level with students. Courses are developed with your style of education in mind. All of their online classes are recorded and archived. They have 16 full-time and 6 part-time faculties teaching the online courses and you can complete your MBA in as little as 22 months.
Learn more about Washington State University’s Online Program-MBA Business Administration
What is the difference between a Master’s in Business Administration (MBA) and a Master’s in Business Management (MBM) program?
It is essential to differentiate Masters in Business Management (MBM) from Masters of Business Administration (MBA). The most notable difference between these two programs is the MBA focuses more on specific skills and fields of business systems, while the MBM places more emphasis on the aspects of business management that specifically deal with managing and leading organizations. This distinct difference is equivalent to a wide range of courses and learning outcomes, that are highly dependent on the program.
The MBA leads to specialization, and frequently it deviates from different fields like data science, market analytics, or human performance. The MBM, on the other hand, emphasizes on management and leadership. This will help guide graduates towards careers as project managers, CEOs, human resources managers, business consultants, marketing specialists, and other positions, wherein leadership is highly significant.
Most MBA careers are observed through a commitment to a certain field of administration. MBA programs generally give specialization alternatives for students to advance their skills in such areas further. The degree specializations of MBM, though, are focused on a specific discipline, wherein the skills required for effective leadership may vary from the traditional way. As such, the MBA is ideal for the preparation of students to assume leadership roles on specific specializations. On the other hand, the MBM degree equips students to take on leadership capabilities.
What can be expected from the salary and employment path of an online Master’s in Business Management degree holder?
An online Masters in Business Management will enable students to pursue a management profession fully-equipped to solve challenges in the field. These challenges include proper strategies to be able to meet organizational goals, coordination of operational activities, implementation of organizational plans and directing departments. In terms of interests and experiences, such types of majors may be eligible for positions in leadership for the fields of administrative services, human resources, finance, sales, and more. Graduates may acquire higher-paying positions when a large amount of work experience has been attained.
After the completion of an online Master in Business Management program, graduates may operate or own a business. They become capable of managing international branches of companies and help them achieve advancement and development of business strategies. Students eventually become entrepreneurs and aid start-up companies in their business operations. There are other opportunities that mainly include digital marketing, financial advising and business administration. There are those who may prefer to work in international marketing and business research firms and companies as well.
In general, most graduates of Masters in Business Management enter careers in the corporate sector. Some may lead non-business organizations such as nonprofit groups, government agencies, healthcare facilities, and educational centers. Potential jobs for graduates of masters in business management programs include executives, financial managers, marketing directors, project managers, and supply chain managers.
According to the U.S. Bureau of Labor Statistics, here are the median salaries for the following jobs:
- Administrative Services Managers- $77,890
- Human Resources Managers- $99,180
- Financial Managers- $103,910
- Sales Managers- $98,530
Aside from this, the employment of managers for administrative services was projected to have a 15% increase, by 2020, along with human resources by 13%, financial by 9%, and sales may increase by 12%. Based on the BLS, chief executive officers have a median annual salary of $101,250, with employment projected to increase by 5% in 2020. Job accessibility and salary may vary depending on several factors like experience, location, education level, economic conditions, and others.
What are the notable features of an online Master’s in Business Management program curriculum?
An online Masters in Business Management program follows the same curriculum as that of the traditional on-campus program. It also has the same number of employment opportunities for graduates. The self-paced schedule also features a convenient study-from-home format of distance education, which is most appropriate for students with part-time careers, family responsibilities, and other commitments that may be considered as barriers to effective learning.
There are numerous types of graduate programs in Business Management, like that of the Master of Science in Management. In general, master’s in Business Management programs, similar to Master of Science in Management, is composed of 30-40 credit hours, which may be completed in two years. Nevertheless, the amount of time it takes to complete a degree may differ based on certain factors such as individual programs, previously earned credits, enrollment status, and more.
There are some students, though, who may complete the entire master’s program in one year, given full-time study. The cost of an online Masters in Business Management may also vary depending on the chosen college or university.
Students enrolled in this program should take core courses such as finance, economics, accounting, marketing, professional communication, and operations and strategic management. Elective courses in fields significant to management like human resources, entrepreneurship, international business, or consumer behavior are also available.
The following are courses that can be considered a part of the business management program:
This course talks about the behavior of individual students, groups, and organizations. Students take a detailed look at organizations, their function, and the people who make them work. Specific topics involve teamwork, work roles, career challenges, job enhancement, and employee engagement
This course takes into consideration accounting information from prospective managers. Students may study certain topics such as management control systems, performance assessment, the statement of cash flows, and financial statement analysis.
Students may learn the balance in terms of descriptive information and organizational communication theories, which are related to business and professional speaking. Communication theories may be explored as they may involve interviewing, group work, and interpersonal interactions.
Graduate students of business management programs may work in small groups as they are required to complete projects, which will enable them to assess and solve problems. These kinds of projects may include an examination of case studies, papers, and presentations. To acquire practical work experience, students can also join internships or other forms of career opportunities.