Here Are the Cheapest Online MBAs You Can Do From Your Couch, According to a New Report

May 25, 2024 02:04 AM - 5 months ago 61457

Recent MBA grads successful nan U.S. make a median of $125,000.

But if going backmost to schoolhouse full-time isn't an option, location are ways to summation nan earning imaginable of an MBA without relocating aliases breaking nan bank.

University ranking tract Research.com shared a recent list of nan astir affordable online MBA programs pinch Entrepreneur using information from nan IPEDS database, Peterson's database, College Scorecard database, and nan National Center for Education Statistics.

Online MBAs person grown successful fame complete nan past fewer years, pinch a 158% increase successful students from 2020 to 2021 during nan pandemic.

"Online degrees person skyrocketed successful fame arsenic they connection elasticity to equilibrium your master and individual life," said nan list's author, Imed Bouchrika, co-founder and main information intelligence of Research.com. "These findings outline nan astir affordable options available, truthful you tin execute nan grade you want nary matter your financial situation."

According to a 2023 survey from nan Graduate Management Admission Council (GMAC), professionals person shown dependable liking successful these programs, too. While nan mostly of respondents said they'd for illustration to return classes successful person, online programs drew liking from candidates who attraction astir about flexibility, including women, first-generation collegians, and older students.

Some students considering online MBAs could spot nan grade arsenic a measurement to "gain a promotion aliases unafraid a existent job," nan GMAC study recovered — not chiefly for networking opportunities.

Related: How AI Is Changing Business School Curriculum, Accreditation

Still, wherever you get your MBA whitethorn straight effect your earnings. The MBA programs pinch nan highest mean salaries upon graduation, including Stanford University, Harvard University, and Northwestern University, were each successful nan apical 15 of this year's U.S. News Best Business Schools rankings.

None of those schools are connected this list; astir cost more than $200,000 to complete. Most of nan beneath costs little than $10,000.

Related: MBA Programs Are Making a Grab for Laid-Off Tech Workers

Here are nan apical 10 schools pinch nan cheapest costs per in installments for anyone considering an online MBA.

1. Northeastern State University

Location: Tahlequah, Oklahoma

Accreditation: Accreditation Council for Business Schools and Programs (ACBSP)

Per in installments cost: $251.00

Total credits: 36

Estimated full tuition cost: $9,036

2. Georgia Southwestern State University

Location: Americus, Georgia

Accreditation: AACSB International

Per in installments cost: $257.00

Total credits: 30

Estimated full tuition cost: $7,710

3. Fitchburg State University

Location: Fitchburg, Massachusetts

Accreditation: International Accreditation Council for Business Education (IACBE)

Per in installments cost: $275.00

Total credits: 30

Estimated full tuition cost: $8,250

4. Eastern New Mexico University

Location: Portales, New Mexico

Accreditation: ACBSP

Tuition: $297.25

Total credits: 30

Estimated full tuition cost: $8,917.50

5. Missouri State University

Location: Springfield, Missouri

Accreditation: AACSB International

Per in installments cost: $309.00

Total credits: 33

Estimated full tuition cost: $10,197

6. University of nan Cumberlands

Location: Williamsburg, Kentucky

Accreditation: IACBE

Per in installments cost: $315.00

Total credits: 37

Estimated full tuition cost: $11,655

7. Sam Houston State University

Location: Huntsville, Texas

Accreditation: AACSB International

Per in installments cost: $320.00

Total credits: 36

Estimated full tuition cost: $11,520

8. University of Central Arkansas

Location: Conway, Arkansas

Accreditation: AACSB International

Per in installments cost: $325.00

Total credits: 30

Estimated full tuition cost: $9,750

9. Texas Tech University

Location: Lubbock, Texas

Accreditation: AACSB International

Per in installments cost: $333.00

Total credits: 30

Estimated full tuition cost: $9,990

10. Southeastern Oklahoma State University

Location: Durant, Oklahoma

Accreditation: AACSB International

Per in installments cost: $337.00

Total credits: 36

Estimated full tuition cost: $12,132

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