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Lots of schools have online MBA programs. Which ones are the best? Check out this post for the top online MBA programs and how much they cost.
To do well in business and stand out from others, it’s helpful to earn an MBA degree. If you want to be a leader in a company or learn advanced business skills, an MBA can help you reach your goals.
Nowadays, more and more people in business think a degree is important and can help them advance in their careers. People who know that the way businesses work can change, and who want to change too, often choose to get an MBA degree.
By studying for an MBA, you will learn and gain the necessary skills, knowledge, and familiarity to become an expert in the business field. You will learn how to be a good leader by managing businesses, organizations, and people well. Lots of business people are getting an MBA for reasons like these, and lots more.
Getting an MBA is now very easy and available. You can get it from an inexpensive online college without spending too much money. Having an MBA can cost a lot of money. It’s important to figure out how to spend less so that you don’t owe too much money when you finish the program. There are some online MBAs in Canada that are not expensive so you don’t have to get a lot of debt as a student.
You can get an MBA degree online without ever going to the campus. Nowadays it is easy and within reach to obtain an MBA degree, which is what I was trying to say. I am sure that Georgia’s online colleges provide an online MBA and other graduate business programs on the internet.
Harvard Business School Online is a school that started the first MBA program. They now offer online MBA courses in many different areas of study. But it will be expensive, so you should consider looking into inexpensive online MBA programs in Texas for your education.
If you don’t like the idea of doing an MBA online and would rather go to a school, there are some inexpensive MBA programs in Canada that you can look into.
Read also: Cheapest Online MBA program in Canada
What is an Online MBA Program?
MBA means a higher level of education in business management. It’s a degree that teaches graduate students about leading and managing in business. The degree includes both practical experience and theory to prepare students for higher positions in their careers.
An online MBA is the same as a regular MBA, but you can study it on the internet instead of going to a physical school. If you are very busy, you can study for an MBA on the internet. This is a good choice because you can study wherever you want, at work, at home, or anywhere else you like. It’s really convenient!
To sign up for online MBA programs, you will need a computer or tablet and a good internet connection.
Requirements for Online MBA Programs
To join an online MBA program, you have to fulfill certain requirements, just like you would for a regular MBA program. Many schools have online MBA programs with different rules, but I will give you the basic and common rules.
The things you need to have or do to be able to take an MBA courses on the internet are:
- Applicant must have completed a bachelor’s degree in business, finance, economics, or a related field from an accredited institution with a minimum GPA of 2.5 or higher on a scale of 4.0
- Academic transcript from previously attended institutions including high school
- GMAT/GRE test scores or waiver. There are MBA programs in the US that do not require the GMAT and if you can’t take the GMAT, apply to them.
- Letters of recommendation (your host institution will specify how many)
- Resume or CV
- TOEFL, IELTS, or any recognized English language proficiency test for international students.
- Work experience or two years or more is mostly required but there are some MBA programs in the UK, Canada, and the US that do not require work experience and they are offered online as well.
- Statement of purpose
- Online interview
- Application fee (your host institution will specify how much)
This list will help you know what you need to enter an online MBA program. To find out what you need to apply to the school, you should call or email the admissions office. They can tell you about things like how much it costs to apply, what kind of grades you need, what scores you need on tests, and how many letters of recommendation you need.
Benefits of Online MBA Programs
Here are reasons why you should consider taking an online MBA program:
- Online MBA programs affordable are flexible meaning that it is designed to fit around your schedule
- The classes are self-paced which means that you can study and learn on your own time. You can choose to move either faster or slower.
- It is convenient. You could literally get an MBA learning from the comfort of your bed or curled up on the sofa or anywhere that is convenient enough for you to learn.
- It improves your use of digital tools
- You can be working and earning while studying to get your MBA degree.
- You get to connect with other business experts from diverse backgrounds who are students like yourself. This can help you expand your horizon and gain a global perspective.
- Online MBA programs do not limit or terminate your freedom. You can be traveling and be studying for your MBA
- A traditional MBA is 2 years of full-time study but online MBA programs can be completed in a shorter amount of time. Some programs offer fast-track or accelerated options that allow you to complete it in 12-15 months.
- Online MBA programs are cheaper compared to traditional MBA programs.
Online MBA Programs Best and their Fees
I have picked out the top MBA programs that give online classes for you to take anytime you want. I also told you how much each online MBA program costs or is online mba programs affordable.
Lots of schools in different parts of the world offer online MBA programs. But which ones are considered the best? Keep reading to find out.
In no particular order, the best online MBA programs are:
1. Warrington College of Business Online MBA
The Warrington College of Business is a school that teaches business at the University of Florida. If you want to study for an MBA online and get a good education, think about going to Warrington. The Warrington online MBA is the third best program according to US News & World Report and is also considered one of the best in the world by Financial Times.
The school has started a new online course for MBA which has been approved by the authority. Students have two choices for studying to get their MBA online. If you finished studying business seven years ago and have a degree, you can complete a shorter 16-month program to get another degree faster. Another choice takes 2 years to finish and gives you the most freedom. Each class credit costs $1,208.
2. USC Marshall School of Business Online MBA
The USC Marshall School of Business is where students learn about business at the University of Southern California. The business school has a great online MBA program that is the best according to US News & World Report rankings. Marshall’s online MBA program is very good and it is ranked in the top 25 by The Princeton Review.
The program helps bosses become better at doing their jobs and growing their companies. The online MBA program at Marshall is quick and can be adjusted to your schedule. It takes 21 months to finish. Each class credit costs $2,092.
3. Kelley School of Business Online MBA
The Kelley School of Business is a school for studying business at Indiana University. They have a great online MBA (masters in business administration) program. The Kelley online MBA is the best online MBA program according to US News & World Report. This program lets you team up with other students who want to learn about business and make connections. They can help you grow your knowledge and your network.
Kelley’s online MBA program is good because they let anyone apply, as long as they qualify, regardless of what job they have or where they come from. You have to pay $1,449 for every credit you take.
4. Kenan Flagler Business School Online MBA
The University of North Carolina’s Kenan Flagler Business School offers a great online MBA program. It is ranked fourth on our list. The program is the best online MBA according to US News & World Report. The business school is also top 20 in the world.
Kenan’s online MBA program allows you to choose from four different times in a year to start, so you can pick the date that works best for you. People who want to apply for something can ask to not have to pay for the application and not have to take a test called GMAT. You can choose from over 25 different optional courses and 5 different areas of focus. Each credit costs $2,025.
5. Tepper School of Business Online MBA
The Tepper School of Business (from Carnegie Mellon University) has the 5th best online MBA program. US News & World Report rated Tepper’s online MBA as the 4th best online MBA program. The course can be taken in different ways, so it can fit into your schedule. One option is a part-time format where you can both attend in person and study online.
Tepper’s online MBA course is recognized as a STEM program that helps you develop analytical and leadership abilities that are necessary for leading others, utilizing the potential of data and promoting teamwork to encourage innovation. You have to pay $18,200 every semester if you choose to study online. You will need to take either 6 or 8 semesters to finish, depending on which program you choose.
6. Foster School of Business Online MBA
The Foster School of Business is a part of the University of Washington and has an excellent online MBA program. The Foster School’s online MBA is the third best for finding jobs, according to Financial Times. U.S. News & World Report ranks it as the fifth best online MBA program.
The MBA course at Foster is mostly online but you also need to go to the campus sometimes. It is made for people who are busy. There are only 87 students in each group. The program lasts for 2 years and you need to earn 62 credits to finish it. The program costs 90 thousand dollars.
7. Saunders College of Business Online Executive MBA
Saunders College of Business is a school that teaches about business at Rochester Institute of Technology. It has a really good MBA program online that the US News & World Report likes. It’s amazing that a school that mainly focuses on technology has one of the best online MBA programs. Also, its business school, Saunders, is one of the best business schools worldwide.
The Saunders College of Business has a program for bosses who want to become better at leading and running a business. It’s an online program that’s good for people who are pretty high up in their job. It can help them improve their skills and work better in their job. The program has 4 parts that take 17 months total to finish. All teaching materials are given using technology. For every unit of learning, you have to pay $1,660.
8. Arizona State University Online MBA
If you are looking for one of the most affordable and best online MBA programs, ASU online MBA is your best option. The online MBA is ranked as the 7th best online MBA program by the US News & World Report. The program is 100% online and will help you develop leadership skills and expand your knowledge of advanced business strategies.
Total credit hours are 49 with 5 classes per week and a total of 17 classes. The tuition per credit is $1,247.
9. Eller College of Management Online MBA
The Eller College of Management is a school for business at the University of Arizona. They have a really good online MBA program. The US News & World Report says it’s the 7th best online MBA program. The program can be accessed online and you can learn anytime from any place. The web-based MBA program begins 6 times in a year so that you can join it at a comfortable time for you.
This program is made of 45 units. You can finish it in 14 months or take up to 48 months to finish it. You can learn at your own speed. You can pick from six different focuses. The whole program costs $51,525, but if we divide that by the number of units, each unit costs $1,145.
10. Naveen Jindal School of Management Online MBA
On our final list of best online MBA programs is the online MBA offered by the business school of the University of Texas at Dallas – Naveen Jindal School of Management. The online MBA is ranked 9th best by the US News & World Report. The program is 100% online and designed around your fast-paced life.
11. Western Governors University Online MBA
The online MBA program at Western Governors University is one of the cheapest online MBA programs with a tuition fee of $4,530 per six-month term. The MBA here is accelerated and you can complete it in just 12 months.
12. Parker’s University Online MBA
Parker’s University’s online MBA program has multiple concentrations in healthcare and management and other business principles. The cost of an online MBA here is also one of the most affordable online MBA programs at $740 per credit. The total credit is 36 and the program length is 24 months.
13. California Institute of Advanced Management Online MBA
The online MBA at the California Institute of Advanced Management is one of the most affordable online MBA programs at $667 per credit. The required credit is 36 and the program length is 24 months. The program is offered in a hybrid format.
14. Georgia Southwestern State University Online MBA
On our last list of most affordable online MBA programs is the online MBA offered by Georgia Southwestern State University. The tuition is $9,210 and the program is 100% online.
Online MBA Programs No GMAT
It is not common knowledge that one of the entry requirements of the online or traditional MBA programs is GMAT scores, however, some schools that do not require a GMAT are:
- The University of Minnesota
- The University of Miami
- Southeastern Oklahoma State University
- Johnson University
- Southern Methodist University
These schools offer online MBA programs without the GMAT requirement but that means that you need to have an excellent academic record like a GPA of 3.0 or above and professional work experience of 2-8 years.
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