Looking for the best MBA programs online? Our consensus ranking of the top online MBA programs for 2020 utilizes our unique aggregate ranking system to reveal the highest rated online MBA programs across the board. You won’t find a more comprehensive ranking of accredited online MBA degrees anywhere.
Online MBA Programs
Busy professionals often turn to online degrees to move their careers forward. Doctors, parents, lawyers, caretakers, entrepreneurs, and more turn to MBA programs to help them make their academic and career goals a reality. Online degree programs allow students at any stage of life or their career to earn their degree on their own terms.
Online Master’s of Business Administration degrees are becoming more and more prevalent as universities strive to create programs that can accommodate today’s students. With the number of online MBA programs in the U.S. reaching almost 600, it is important for every prospective student to narrow down which degrees will help them on their journey.
Our 2020 ranking of the best online MBA programs is a composite ranking that combines the ratings of the five most respected MBA ranking systems: Forbes, The Financial Times, Bloomberg Businessweek, The Economist, and U.S. News and World Report. Each program’s ranking in these systems was converted to a score on a 100-point scale. These scores were weighted equally and then averaged to reveal the program’s Consensus Score.
University of VirginiaDarden School of Business
University of Virginia students can earn their online MBA through the Darden School of Business. Darden carries esteemed accreditation through AACSB International. The University is also regionally accredited by the Southern Association of Colleges and Schools, Commission on Colleges. Online students can complete either their Executive MBA or Global Executive MBA in 21 months. Both programs are offered in a hybrid format that truly blends online learning with in-person collaboration. About one-third of learning takes place completely online. Outside of the online component, participants will complete a one-week leadership residency at the beginning of the program and then return to the UV campus once a month for weekend residencies. EMBA students complete one, week-long, global residency, while the GMBA includes four global study experiences. Recent trip locations have included interesting countries such as India, Australia, China, Argentina, Vietnam, and Ghana. These trips are immersive and include hands-on learning experiences through talks with local industry leaders, cultural excursions, meetings with executives, and more.
Duke UniversityFuqua School of Business
Duke University’s highly esteemed Fuqua School of Business offers an online hybrid EMBA with accreditation through AACSB International. This program is highly recognized in the business education world and ranks within the Top 20 with U.S. News, The Economist, Businessweek, The Financial Times, and Forbes. The format of the Fuqua online MBA is truly unique. From the beginning, students are assigned a group of five to six peers who will become their team throughout the duration of the program. Over two weeks in late July, students will complete an orientation at the main campus in Durham, North Carolina. They will then follow a schedule of alternating online learning and global experiences that will take them to several locations across the world like China, Peru, India, and Germany. The program ends with a culminating two-week residency back in North Carolina. Along with the comprehensive base curriculum, students can also choose from several relevant concentration areas, including Finance, Energy & Environment, Entrepreneurship & Innovation, Marketing, or Strategy.
University of MichiganStephen M. Ross School of Business
An online Master’s of Business Administration available at the University of Michigan can be completed in 57 credit hours or around two years on a full-time basis. Students spend the majority of their time learning through live, interactive classes, and self-guided modules. Three on-campus residencies take learning to the next level. The four-day residencies cover Business Leadership, Business Transformation, and Business Innovation. The Business Leadership residency gives students an opportunity to grow as they work together to solve a simulated business crisis. The Business Transformation residency helps students develop ways to create lasting change within organizations. And the Business Innovation residency lets participants discover the fundamentals of entrepreneurship through collaboration with successful entrepreneurs. The UM MBA also stands out because of its MAP component. Multidisciplinary Action Projects last 14 weeks and count for three credit hours. Students work with corporate partners and peers to find creative solutions to organizational challenges. This type of project allows students to practice what they are learning in the classroom through real scenarios.
University of California, Los AngelesAnderson School of Management
Busy professionals can earn their Master’s of Business Administration in a convenient hybrid format through the Anderson School of Management. Students work online for a large portion of the program and then meet on campus once every three weeks for weekend sessions. On average, this degree is completed in around three years, allowing students to work towards their academic goals while still maintaining their work and home responsibilities. All students begin the program with a one-week leadership intensive. From there, the program dives into topics like business strategy, data & decisions, managerial economics, and marketing management. Students can also opt to participate in the Global Access Program. The GAP connects students with companies to create new-market entry plans, complete with financial projections. Through this program, participants will work with a diverse group of professionals, develop a research plan, conduct and analyze research, and present their new investment-quality entry plan. Specializations for this degree include Entrepreneurship, Finance, Marketing, or Tech Management.
Carnegie Mellon UniversityTepper School of Business
The Tepper School of Business is highly recognized by top-ranking systems like Businessweek, The Economist, Forbes, and The Financial Times. The Tepper Part-Time Online MBA includes many options for specialization like Business Technologies, Operations Research, Sustainability, Organizational Behavior, and Communications. The core curriculum includes topics like Global Economy, Managing People & Teams, Ethics & Leadership, and Probability & Statistics. The Accelerate Leadership Center gives MBA students access to many professional and personal development resources. The Online Master’s of Business Administration at Carnegie Mellon is the same high-quality program as the traditional MBA. Students are taught online by the same high-quality faculty but are able to complete their course work on their own schedule. Access Weekends bring classmates together for long weekends in Pittsburg, DC, Silicon Valley, or Pittsburg. During this time, students will take exams, visit local companies, give presentations, attend live classes, and network with peers, professors, and local professionals.
University of Southern CaliforniaMarshall School of Business
USC’s online Master’s of Business Administration is proudly ranked within the Top 5 best programs by U.S. News, Poets & Quants, and the Princeton Review. The Marshall School of Business carries prestigious accreditation through AACSB International and has many recognitions of its own. The distance MBA is delivered in a flexible cohort format. Students work with a small group of peers throughout the program in order to facilitate team building, development of communication skills, networking, and more. While the majority of learning takes place online, there are some in-person components to this degree, like the one-week on-campus orientation that takes place on the main USC campus in Los Angeles. A few of the things that students can expect to develop while completing the Marshall Online MBA are strategic thinking skills, global mindset, critical thinking skills, personal communication skills, ethical reasoning, professional communication through various modalities. Global experiences are not a requirement of the program. However, those who are interested can use elective credits that include trips to Dubai or Singapore.
University of North Carolina at Chapel HillKenan-Flagler Business School
The curriculum for Kenan-Flagler Business School’s Online MBA is created and taught by the University of North Carolina-Chapel Hill’s expert faculty. The program includes concentration options in Data Analytics & Decision Making, Finance, Marketing, Entrepreneurship, or Strategy & Consulting. Summits are held quarterly. These meetings allow students to come together in major cities across the world for immersive, weekend-long learning experiences. Past Summit destinations have included interesting destinations like Lima, London, Mumbai, and Taipei. In addition to Summits, students can apply to participate in the Student Teams Achieving Result. The STAR program is a unique way for students to learn experientially through consulting with real companies and non-profit organizations. Teams have worked with top companies like GE Healthcare, Nascar, Lowes, Krispy Kreme, and more. Students can also choose to study in a particular region like Denmark, Austria, Finland, Brazil, or Israel. There are four start dates every year for this comprehensive program. Applications must be turned in early to start in January, April, July, or October.
University of WashingtonMichael G. Foster School of Business
The Foster School of Business offers a two-year Master’s of Business Administration that can be completed 95% online. Within the online component, students will have flexible coursework such as recorded live stream lectures, interactive discussion boards, podcasts, and online career coaching sessions. Additional, more structured tasks include weekly online meetings, virtual team simulations, real-time course discussions, and scheduled optional review sessions. The last 5% of learning will take place on-campus. This is done through three to five-day intensives where students will participate in interactive classroom discussions, fun social events, networking and career planning workshops, and special lectures held by industry leaders. An optional two credit International Study Tour is available for students during their second year. This experience gives participants the opportunity to learn about various aspects of international business like legalities, politics, history, multicultural business practices, and economic issues that face countries around the world. Recent trips have been to South Africa, Finland, Estonia, London, Dublin, China, and Japan.
Indiana UniversityKelley School of Business
The Online Master’s of Business Administration at Indiana University is primarily a distance program. Students complete coursework online but participate in two mandatory “Kelley Connect Weeks” at the beginning and end of the program. Kelley Connect Weeks are seven day long residencies that bring students to IU’s main campus in Bloomingdale, Indiana. During this time together, participants are able to network with peers, build relationships with professors, and work on live business cases for actual business clients. More than 50% of the curriculum is customizable with seven concentrations that allow for the in-depth study of Business Analytics, Entrepreneurship & Corporate Innovation, Finance, Management, Strategic Analysis of Accounting, Supply Chain Operations, or Marketing. Core courses cover relevant subjects like Digital Technology & Innovation, Organizational Behavior, Financial Management, and Operations Management. To apply to this top-notch program, students must have obtained a bachelor’s degree and be ready to submit a 500-word personal essay, resume, three letters of recommendation, GMAT/GRE scores, and transcripts from all previously attended universities.
Rice UniversityJesse H. Jones Graduate School of Business
At Rice University, the online learning experience for their Master’s of Business Administration program is thoughtfully planned and executed. Live classes are held through a distance learning platform each week. These classes are designed to include collaboration, real-time discussions, small breakout rooms for more in-depth conversations, and the ability to record and annotate sessions as needed. Between weekly meetings, participants of the program will complete assignments at a flexible pace that works for their schedule. Assignments are catered to the needs of distance learners and offer interactive modules, videos, discussion forums, and readings to keep learning interesting. Intensive learning experiences are also built into the curriculum. These components bring students to the Rice University campus in Houston, Texas, and also take students around the globe. Applications are accepted on a rolling basis. Admissions are decided based on a holistic view of essays, virtual interviews, leadership roles, career progression, and community involvement. GMAT/GRE scores can be considered, but those with seven or more years of relevant work experience may qualify to have this part of the application waived.
Penn StateSmeal College of Business
Penn State’s Smeal College of Business has an AACSB accredited Online Master’s of Business Administration program. With over 20 concentration options, there is something for everyone. A few of the choices include Health Care Business, Marketing Analytics, Negotiations & Influence, Community & Economic Development, or Strategic Leadership. One of the highlights of the Smeal distance MBA experience is a five-day residency on-campus in University Park, Pennsylvania. Students will network, collaborate on team projects, and attend workshops. Lodging and meals are included during this stay. Starting in 2020, students will be able to participate in an optional Global Immersion trip. This week-long trip brings together online, resident, and Executive MBA students to experience the culture and business practices of top cities like Shanghai, Prague, and Johannesburg. The online MBA curriculum at Penn State follows a unique ICE approach to learning. This stands for the principles of Integration, Collaboration, and Engagement. Every course includes group projects that simulate real-world situations and work environments.
University of MinnesotaCarlson School of Management
The Carlson Online MBA can be completed in only two years. All coursework is completed online, with the exception of two in-person residencies and a required global experience. This combination of mainly distance learning with in-person meetings allows students to connect with peers and professors on a deeper level. Orientation counts as one residency and is a three-day experience that sets students up for success. For the second residency option, students can choose from in-person elective courses, a condensed/evening course, global enrichment, or global immersion programs. Both global options are taught completely in English and offer unique opportunities to explore and learn from other cultures. Graduate Fellowships are also available in Austria, Poland, China, Costa Rica, and more. There are several options that can be completed online or on-campus for students who are unable to travel abroad. These include Global Sourcing of IT, International Environment of Business, Global Operations Strategy, Global Valuation Lab, and International Marketing.
University of FloridaWarrington College of Business
Online MBA students at UF can earn their degree in either a one or two-year timeline. The 12-month program follows an accelerated timeline that is ideal for those with an undergraduate business degree who have graduated within the last seven years. The two-year MBA is created by the same expert faculty but follows a more relaxed schedule to ease the stress of balancing school and life demands. Whether delivered online or on-campus, students receive the same high-quality Master’s of Business Administration degree that is regarded among the world’s best by U.S. News and World Report and Financial Times. At least two years of full-time work experience is required to be eligible for this program. Along with their resume, applicants will also need to submit official transcripts, two professional letters of recommendation, and GMAT/GRE scores. The application will also include five short answer questions and three essay questions that discuss a variety of topics like personal goals, motivations, cultural experiences, and leadership experience.
University of PittsburghCollege of Business Administration and Joseph M. Katz Graduate School of Business
The Katz Graduate School of Business is a part of the highly regarded College of Business Administration at the University of Pittsburgh. The Katz Professional Online MBA follows the same rigorous curriculum of the full-time Master’s of Business Administration program. The unique integrated core gives a well-rounded scope of business knowledge through courses like Information Systems, Business Ethics & Social Performance, Economic Analysis for Managerial Decisions, and Marketing Management. Concentration options allow students to customize their degree through further study of finance, management information systems, operations, marketing, organizational behavior & human resources, or strategy. In addition to academics, Pitt business students are supported through career and networking opportunities that put them in connection with potential employers and former executives with extensive insight into what top companies are looking for. Course work is completed primarily online through a flexible format that keeps working professionals in mind. There are up to three required on-campus visits each semester, but in only three years, students are ready to tackle their largest career goals.
Southern Methodist UniversityCox School of Business
The distance MBA program through the Cox School of Business at Southern Methodist University is centered around three foundational pillars of Leadership, Analytics, and Experiential Learning. During the program, students will complete seven 14-week semesters. Online assignments mixed with 90-minute live class sessions give distance learners the best of both worlds. Courses cover a variety of relevant subjects like Financial Accounting, Legal Environment of Business, Global Business Strategy, Applied Corporate Finance, and Microeconomics. Students complete their learning with a capstone project focused on entrepreneurship. In the second half of the class, students are paired with non-profits, corporations, and global organizations to provide consultation services for their most challenging problems. Two immersion experiences are required for the Cox online Master’s of Business Administration. These four-day trips take students across the globe to cities that are strategically chosen due to their relevance within the business community. Hands-on projects with corporate partners and many networking opportunities allow students to make the most of their time abroad.
Boston UniversityQuestrom School of Business
The Questrom School of Business partnered with edX to create a completely online Master’s of Business Administration. This comprehensive program can be finished in just two years on a part-time basis. The curriculum carries a global perspective and is based on insight from more than 3,000 international business professionals. Coursework is completed in modules that make earning your degree a simple, step by step process. Some of the module topics include fostering an innovative mindset, managing risk, leading with integrity, managing performance with data, and leveraging global opportunities. In addition to top-notch academics, Questrom MBA students also have access to online career development coursework, student success coach, and the exclusive BU job board. While the Questrom online MBA is offered in a flexible format, students should expect the same rigor and high academic standards as the on-campus program. This means that 15-20 hours a week of coursework should be expected.
University of California, IrvinePaul Merage School of Business
The Fully Employed Hybrid Master’s of Business Administration program at the University of California, Irvine, was recently listed among the Top 5 Part-Time MBA programs in the state by U.S. News and World Report. FEMBA participants complete most of their coursework online while also attending in-person classes four Saturdays per quarter. The in-class component gives students the opportunity to network, improve presentation skills, and work collaboratively with peers and professors. Online students have access to all of the perks at UC Irvine. These include but are not limited to workshops, competitions, assistance from the Career Center, top-level marketing events, and more. The curriculum for this degree is dynamic with courses like Strategic Management, Operations Management, Financial Reporting, and Statistics for Managers. A unique aspect of the Merage School of Business is the number of elective courses included within the program. Along with electives, students can further personalize their degree with an area of concentration in Digital Transformation, Innovation & Entrepreneurship, Real Estate & Urban Development, or Healthcare Management & Policy.
Arizona State UniversityW.P. Carey School of Business
ASU’s Online Master’s of Business Administration was recently ranked within the Top 10 Online MBAs in the country by U.S. News. This program also carries esteemed accreditation with AACSB and is taught by the same well-respected faculty as the on-campus MBA formats. Distance learners also benefit from on-campus resources like a recent $15 million gift to the W.P. Carey Foundation that will be used to enhance and support career services. Students can begin in August or January and work through their degree in five-week intervals, one class at a time. A large component of the program is collaboration with peers through team-oriented case-based projects. There are five areas of emphasis, including International Business, Business Data Analytics, Finance, Marketing, or Supply Chain Management. Concurrent degrees can also be earned with Legal Studies, Electrical Engineering, and Industrial Engineering. When applying, students should be prepared to submit GMAT/GRE scores.
University of Maryland, College ParkRobert H. Smith School of Business
The Smith School of Business’ Online MBA offers six areas of specialization in Finance, Accounting, Marketing, Information Systems & Business Analytics, Supply Chain Management, or General Business. The curriculum includes a well-balanced mixture of foundations courses, elective courses, and residencies. Foundations courses cover topics like Marketing Management, Entrepreneurship, Ethical Leadership, Organizational Change, Commercial Bank Management, and more. There are many features within the Smith Online MBA that assure an interactive and efficient learning experience. Integrated multimedia, collaborative online workspaces, and audio/video messaging are just a few of the methods used. Coursework is delivered in both asynchronous and synchronous formats. This blend allows students to have structured live online classes, as well as the flexibility to complete assignments on a schedule that fits their individual needs. Action learning projects take learning to the next level by giving students the opportunity to apply what they are learning in the classroom to real-world situations.
University of Texas at DallasNaveen Jindal School of Management
The Jindal School of Management’s Online Professional MBA is a fast-paced, highly regarded program, with no on-campus requirements. The PMBA includes 15 concentration options in top fields such as Accounting, Energy Management, Innovation Technology Management, Real Estate, Marketing, and Supply Chain Management. There are also an impressive 13 double-degree options, with eight of these options being STEM programs. Outside of specializations or double-degrees, students can also personalize their studies through nearly 60 elective course options. This MBA degree can be completed in as few as 21 months or up to six years. Start dates are available throughout the year in Fall, Spring, and Summer semesters. Prerequisite courses are required in Quantitative Foundations of Business and Communications for Management. A few of the core courses within the program are Strategic Management, Organizational Behavior, Operations Management, and International Business Management. Acceptance is highly competitive, and the application does require GMAT/GRE scores. Additionally, prospective students must submit one letter of recommendation, complete an essay, and have an up to date resume outlining relevant work experience.
University of California, DavisGraduate School of Management
The Graduate School of Management at UC Davis has ranked within the U.S. News and World Report’s Top 50 list for more than 25 years. The School holds prestigious AACSB accreditation, and the Online MBA is highly recognized as well. The curriculum for this degree is built on live online class sessions, self-paced coursework, and several in-person residencies. Courses cover a core curriculum with built-in electives that allow students to personalize their learning. Some of the classes available are Negotiations in Organizations, Financial Accounting, Management of Innovation, Digital Marketing, and Marketing Analytics. Elective topics include technology management, entrepreneurship, organizational behavior, analytics, and more. Even online students benefit from the University’s prime location and strong corporate connections with companies in Silicon Valley, Sacramento, and the San Francisco Bay Area. When students attend their residencies, they can expect guest speakers, professional presentations, collaborative assignments, curated reading materials, and simulated case studies and leadership scenarios.
George Washington UniversitySchool of Business
The Online Healthcare Master’s of Business Administration offered through George Washington University’s School of Business is a fully distance program. Students can choose from start dates in August, January, May. Course content is delivered in a variety of ways that make learning interesting and interactive. This is done through podcasts, videos, video cases, pre-recorded content, and animations. Students have the flexibility to progress within learning modules at their own pace, but must complete all assignments by a predetermined target date. During each class, there will be a weekly one-hour live classroom session. These sessions include case discussions, group activities, and lectures. In-person global and experiential learning opportunities can also be added for another layer of learning. Students can choose from Consulting Abroad, short-term programs, or long-term programs. The distance HMBA is tailored specifically to the interests of those in the field of healthcare. The program holds esteemed accreditation through the AACSB and is also recognized for its work with military members
University of Tennessee, KnoxvilleHaslam School of Business
The University of Tennessee, Knoxville, has developed a comprehensive Online MBA with physicians in mind. Haslam College of Business students can complete their Physician Executive Master’s of Business Administration in only one year. The program includes four eight-day residencies that blend online learning with tangible, real-life applications. The curriculum is extensively researched in order to bring healthcare professionals a program that meets their unique needs. Participants are also assigned a dedicated coach to support them as they grow. Students should expect to spend about 24 hours studying each week. Rather than lectures, courses are mainly delivered in the form of case studies, simulations, and discussion exercises. Resident periods consist of classes, leadership development, networking, and team projects with peers. Courses within the curriculum include relevant topics such as Human Resources & Performance Improvement, Decision Making & Negotiations, Communications for Physicians, and Physician Leadership Development. There are no entrance exam requirements to start this comprehensive degree.
Purdue UniversityKrannert School of Management
The Krannert Executive MBA is consistently listed among the best Master’s of Business Administration programs in the world. Most students still remain fully employed while they complete their degree online. There is a residency requirement, but it is only one to two weeks per quarter, making it easy to schedule ahead of time. Five of the residencies are done at the Purdue campus with an additional meeting at an international location. Students from Europe, Latin America, Africa, Asia, and more participate in this highly acclaimed program. This type of diverse peer group encourages a truly global perspective of business. Throughout the program, students work on team projects, giving many opportunities to improve both leadership and communication skills. Coursework is consciously planned for easy application to business work environments. In order to apply, students will need current GMAT scores, professional resume, two professional recommendations, three essays, and official transcripts. An interview is also required and can be completed in-person or virtually.
University of UtahDavid Eccles School of Business
Students can earn a fully distance MBA through the David Eccles School of Business at the University of Utah. This program is completely online and follows an asynchronous curriculum that allows students to work on assignments no matter the time of day. In addition to core coursework, Eccles Online MBA students participate in many interactive learning assignments and activities like group projects, discussion boards, peer reviews, and more. Staying connected is made easy through email with professors, pre-scheduled office hours that can be done by phone or discussion thread, and even on-campus meetings if needed. This degree also includes one on one career coaching that helps students find and plan their unique career path. To apply, those interested should have completed their bachelor’s degree from an accredited university and be ready to complete the program’s online application. This application includes one essay, current and professional resume, unofficial and official transcripts, GMAT/GRE scores, and an interview with an online MBA administrator.
Are there different types of online MBA degrees?
The short answer is yes! Typically students who are searching for an online degree option are looking for flexibility. Hybrid and fully online programs offer just that.
With fully distance programs, students complete all coursework from home. The pace and schedule of courses depend on the curriculum of each program. Some follow an asynchronous format, which allows students to complete coursework on their own schedule without any other commitments. Others are synchronous, meaning that they are built-in weekly Zoom meetings or live class sessions that require students to log on and participate at a specific time each week. There are also programs that are a blend of both formats. These types of programs encourage group face to face contact while still allowing ultimate flexibility.
Hybrid programs give students a similar experience of the synchronous online programs but with actual time spent on campus. This can be done through residencies once or twice a quarter or bi-weekly class sessions; it all depends on the programs’ setup.
Both options are great for busy working professionals or those with many personal responsibilities. They generally offer both full-time or part-time scheduling options. This ability to plan courses on a timeline that works for you and complete classwork at your own pace is what makes earning an online MBA so accessible.
Are online MBAs as good at traditional programs?
Most quality online Master’s of Business Administration degrees hold the same accreditation and high standards as their traditional counterparts. In fact, universities are adding more online options all the time in order to accommodate their students’ busy lifestyles. Online MBAs typically follow the same curriculum, course schedule, and standards of the on-campus programs. At many universities, they are taught by the same highly qualified professors or may even have faculty who specialize in online learning. In most cases, the programs are so similar that a student’s diploma will only read Master’s of Business Administration, without mention of the delivery method.
Within this question, it is important to mention that the quality of the business school and university itself is one of the largest contributing factors to the success of an online program. Online students become a part of the same alumni network of traditional students. They typically are also able to partake in events like business fairs, spirit days, and career counseling services. When thinking about your online degree, it is vitally important to consider what additional services and resources the university of choice has to offer.
Checking for accreditation status is another way to ensure that the online MBA you are interested in is a top-notch program. Some of the most respected accreditation agencies for business include AACSB, IACBE, and the ACBSP. The AACSB is the highest level of business accreditation and includes the entire business school, not just one program. Only five percent of business programs in the world are eligible for this level of accreditation. This level of accreditation is a strong sign to students that the programs offered will be of exceptional quality, regardless of their delivery method.
Will I have support while earning my online MBA?
Many online students worry about the level of support and peer interaction that they will receive if they choose to complete their degree in a hybrid or online format vs. a traditional program. While there are some benefits to on-campus learning, distance learning programs are constantly improving and evolving to meet the needs of their students. Many online MBAs include residencies that either bring students on-campus or have them meet at various locations around the globe. These residencies not only bring students physically together but also provide invaluable networking, leadership, and communication opportunities with both peers and faculty.
Outside of residencies, there are a variety of ways that distance programs support their learners. This often includes assigned success coaches, weekly discussion boards, live class sessions, access to on-campus resources such as the library or career services, and more.
Are online MBAs more expensive?
In many cases, online MBAs are actually more affordable than on-campus programs. This is for many reasons. The base costs of distance programs are often less expensive. Many universities also offer in-state tuition rates for online students, even if they continue to reside out of state. Most online MBA programs encourage students to continue working full-time as they progress through their degree. This not only saves money on lost wages but also on potential moving costs or commuting costs. Some programs include free hotspots, ipads, and other digital learning tools within curriculum fees.
Online MBAs often have a fast-track option that can be completed in just one year. This type of program can be less expensive because it allows students to finish their degree quickly and begin working towards their ROI.
Can you specialize within an online MBA?
In most cases, if there are specializations offered in the university’s on-campus MBA, there will be online specializations as well. Sometimes there may be limited options for the online MBA, but in those cases, there are typically a variety of electives that help make the degree fit the interests of students. Some of the top concentrations offered for online MBAs include Entrepreneurship, Operational Management, International Business, Healthcare Management, and Business Analytics. If you are interested in learning more about Healthcare Management, check out our comprehensive guide.
What is the online MBA admissions process like?
Those interested in applying to a distance Master’s of Business Administration program should know that the entrance requirements are typically the same as those of on-campus programs. Each school has the ability to determine their own set of criteria. Some common points among applications are essay components, a professional resume, an acceptable GPA for undergraduate coursework, and letters of recommendation. Some schools require GMAT/GRE scores for all applications, while others will waive this requirement for those who meet a certain GPA or work experience requirements. It is important to note that Executive or Professional online MBA programs may require a more in-depth application. This generally includes more years of managerial experience required, more essays, volunteer experience, and interview requirements.