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50 Most Affordable MBA Degrees Online for 2019

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A Master of Business in Administration (MBA) is a popular graduate degree and with good reason. Not only will an advanced degree help you land a better paying job, but you’ll also most likely move up into higher managerial positions at a faster rate too. But if you’re a busy professional, you may not have time to take a break from work to earn your degree. That’s why so many schools are offering online versions of their on-campus MBA counterparts. With this kind of flexibility, you won’t lose face-time at work, and you’ll be preparing for your future at the same time. Take a look at our top 50 most affordable online MBA degrees and see which one is the right fit for you!

Rating and Ranking Methodology

To develop this ranking of the top affordable online MBA programs, our editors began with an initial pool of over 100 schools. To rate and rank these programs, we applied the methodology below, using information from the National Center for Educational Statistics (NCES), Payscale.com, and each program’s website. In cases of a tie, the more affordable school pulled the higher rank.

Tuition

  • Net Price Below $10,000: 4 points
  • Net Price Below $15,000: 3 points
  • Net Price Below $18,000: 2 points
  • Net Price Below $20,000: 1 point

Student to Faculty Ratio

  • Less than 20:1: 1 point
  • Less than 15: 1: 2 points
  • Less than 10: 1: 3 points

Return on Investment (ROI) According to Payscale.com

  • Top 500: 1 point
  • Top 300: 2 points
  • Top 150: 3 points

Flexibility of the Program (asynchronous course delivery, hybrid options, part-time/full-time schedule, etc. ) – 1 point per item

Online Student Support Network (faculty mentors/advisors, etc.) — 1 point per item

Concentrations/Specializations – 1 point per item

Accreditation (School-Wide and Program-Specific) – 1 point per item

“Wow” Factor – 1 point

#50 Northwest Missouri State University

Maryville, MO

Online MBA

Website
Graduate Enrollment: 864
Points: 4

What began as a higher learning institution for teachers over 110 years ago, has now expanded to a university with 120+ programs to serve the needs of a variety of career aspirations. Though Northwest Missouri State University has grown, one thing remains: the school is more dedicated than ever to fulfill its mission to support “every student, every day.” NMSU offers a fully online MBA program with 3 concentration options: General Business, Marketing, and Human Resource Management. Required courses include Employment Law, Organizational Behavior in Administration, and  Strategic Marketing. To waive your GMAT score, you must have a 2.5 GPA, and one other requirement like 3 consecutive years of work or military experience. Northwest’s MBA programs are accredited by the Accreditation Council for Business Schools and Programs (ACBSP), a premier accrediting institution that only 5% of business programs attain.

Out-of-State Graduate Tuition: $8,382

#49 Valdosta State University

Valdosta, GA

Online MBA

Website
Graduate Enrollment: 2,563
Points: 5

The affordable online MBA program at Valdosta State University stands out on this rankings list because of its focus in the field of Healthcare. If you know 100% that Healthcare Administration is your future, the MBA-HCAD program through the Langdale College of Business Administration could be right for you. The goal of this program is to provide you the leadership skills needed to succeed in high-level positions within the healthcare administration field. According to the program’s website, a MBA-HCAD degree could land you jobs in areas like “hospitals and hospital systems, physician practices and clinics, long-term care facilities, managed care organizations, consulting firms, pharmaceutical and biotechnology companies, local/state/federal health agencies, health insurance companies, and medical supply and equipment manufacturers.” VSU’s low-cost online MBA is accredited by the AACSB.

Out-of-State Graduate Tuition: $16,146

#48 Georgia Southwestern State University

Americus, GA

MBA Online

Website
Graduate Enrollment: 446
Points: 5

The low-cost online MBA program at Georgia Southwestern State University is not short-sighted on only helping you earn a degree; their goal is to “help you build a lifetime of success.”  Through the College of Business and Computing, this 30 credit program will focus on key areas of business, including finance, ethics, international business, management, and marketing.  You will take required courses like:

  • Marketing Management
  • Advanced Business Finance
  • Quantitative Management
  • International Business
  • Managerial Control
  • Org Theory & Behavior
  • Strategic Management

Next, you’ll take two elective courses, and you can complete your degree in just two years. For those students who do not have a background in business, GSSU gives you a list of 4 courses you must complete before applying. To be admitted into the program, you’ll need (1) official transcripts (2) 3 letters of recommendation and (3) standardized testing scores. Georgia Southwestern State University is accredited by the Commission on Colleges of the Southern Association of Colleges and Schools.

Out-of-State Graduate Tuition: $13,590

#47 Louisiana Tech University

Ruston, LA

Professional Online MBA

Website
Graduate Enrollment: 1,511
Points: 5

Founded in 1894, Louisiana Tech University operates on a quarter system, with three quarters per year (Fall, Winter, Spring.) LTU’s College of Business offers an affordable Professional Online MBA that is ranked No. 1 for Best Value for Online MBA by Online MBA Today. And if you’re worried about paying for college, an impressive 89% off all students at LTU receive some sort of financial aid. You could too! While the traditional face to face MBA offers four concentrations, they are not offered through the online format, which is something to consider. Coursework includes classes like Global Perspective in Management, Information Resource Management, Accounting Analysis for Decision Making, and Organizational Behavior. Interested in continuing your education beyond your online MBA? LTU also offers an online Doctorate in Business Administration.

Out-of-State Graduate Tuition: $13,333

#46 Missouri State University

Springfield, MO

Master of Business Administration Online

Website
Graduate Enrollment: 3,333
Points: 5

Accredited by the AACSB, Missouri State University offers a 33-credit fully online MBA. A few required core classes include Quantitative Methods in Business Decision Making, Advanced Financial Management, and Organization Strategy and Policy. For no additional course credits, students can choose from the following graduate Certifications, which will serve as program concentrations:

  • Computer Information Systems
  • Cybersecurity
  • Data Analytics
  • Entrepreneurship
  • Finance
  • Financial Analysis
  • Forensic Accounting
  • International Business
  • Leadership
  • Management
  • Marketing
  • Tax Accounting

An executive MBA option is also available for applicants with 5 years of professional experience. This option will have a higher tuition rate, but does not require standardized testing scores for admission and will be tailored to the working professional. In addition, an accelerated program is offered to students currently in the MSU BBA program, giving students a jump-start on their graduate courses. MSU’s online MBA program is voted as one of the best by the U.S. News and World Report.

Out-of-State Graduate Tuition: $10,098

#45 University of Sioux Falls

Sioux Falls, SD

Website
Graduate Enrollment: 238
Points: 6

The University of Sioux Falls is a small, Christian liberal arts school in South Dakota that offers 100+ degrees and certificate options. Founded in 1883, USF’s goal is to integrate faith and learning. If you don’t live in SD or traveling there for school isn’t an option, don’t worry! You can get your affordable online MBA, and never step foot in the classroom. This 36-credit hour program offers two concentrations: Management and Healthcare. You’ll take 24 credits in core classes, then 12 credit hours in your concentration. Core courses include:

  • Managerial Communications
  • Managing Organizational Dynamics
  • Marketing Management
  • Leadership & Ethical Management
  • Cost Management
  • Managerial Economics
  • Financial Planning and Control
  • Strategic Management

The University of Sioux Falls is accredited by The Higher Learning Commission.

Out-of-State Graduate Tuition: $16,930

#44 New Mexico State University

Las Cruces, NM

Online MBA

Website
Graduate Enrollment: 2,719
Points: 6

New Mexico State University’s College of Business offers a low-cost hybrid Master of Business Administration. While all the courses for this program are delivered online, there are two required meetings in Las Cruces, NM. Before your program begins, you will have an in-person orientation, and all of your work will culminate into a three-day seminar at the end. So before you apply to this program, make sure a few short trips to New Mexico is possible for you. Classes are presented in a synchronous format, meaning you must log-in to class on a certain time on a certain day. You will only have one online evening class meeting per week, and you’ll take two courses per semester. After two full years, you’ll earn your online MBA! NM State University’s affordable Master of Business Administration online program is accredited by the AACSB.

Out-of-State Graduate Tuition: $15,860

#43 Tarleton State University

Stephenville, TX

Online MBA

Website
Graduate Enrollment: 1,731
Points: 6
tarleton-state-university

Tarleton State University offers a 30-credit low-cost online MBA that can be completed at an accelerated rate of only 12 months. Expect to take courses like Business Problems, Managing Information Systems, and Financial Management. While there are many things about TSU’s program that are similar to others, two things set this program apart: its commitment to real-world experience and its student resources. Students can choose study abroad programs or student business organizations to enhance their educational experience. And when it comes to student services? TSU does it right. They help you write your resume and even conduct mock interviews! This program will help you build high-level business management skills to prepare you for careers like:

  • Project Manager
  • Marketing Manager
  • Small Business Entrepreneur
  • CEO

Students in this program can network by joining organizations like the Society for Human Resource Management and the College Entrepreneurs Organization. Tarleton State University is accredited by the Southern Association of Colleges and Schools Commission on Colleges.

Out-of-State Graduate Tuition: $11,466

#42 Chadron State College

Chadron, NE

Online MBA

Website
Graduate Enrollment: 582
Points: 6

Are you a mid-level manager looking for an affordable online MBA? Do you have two years to devote to your studies? Are you ready to move up the corporate ladder? If you answered yes to these questions, you should take a look at Chadron State College’s fully online 36-credit Master of Business Administration program. Classes are offered in 8-week segments, and you can complete the program in just two short years. Take required courses like Legal & Social Environment of Business, High-Performance Leadership, Corporate Finance, and Managerial Accounting. In addition, you can choose from unique elective courses like Managerial Agricultural Policy, Entrepreneurship – New Venture Creation, and Event Management & Logistics. A GMAT score is not necessary for entry into the program, but students will be required to take the Inbound Peregrine Exam. If you earn a satisfactory score, you can jump straight into your coursework! If not, you’ll be required to take a few prep classes to get you back on track. Chadron State College is accredited by the Higher Learning Commission.

Out-of-State Graduate Tuition: $7,965

#41 Auburn University at Montgomery

Montgomery, AL

MBA Online

Website
Graduate Enrollment: 581
Points: 7

If an accelerated online MBA program is important to you, take a look at Auburn University at Montgomery’s ten-course Master of Business Administration online. Depending on your undergraduate degree, educational background, and the number of classes you take at a time, you could complete this degree in just 12 months! Within the 30 credit program, you’ll take these required courses:

  • Managerial Applications of Accounting Information
  • Financial Valuation: Models and Applications
  • Marketing Management
  • Business and Administrative Communication
  • Data Analysis for Managers
  • Managing People
  • Information Resource Management
  • Strategic Analysis for Competitive Advantage

If you do not have an undergraduate major in business, you may be required to take a few prerequisite courses before you can begin the program. According to their program website, AU-Montgomery’s online MBA “prepares diverse, ethical business leaders through an engaged educational experience paired with collaborative research and service.” In addition, it’s accredited by the esteemed AACSB.

Out-of-State Graduate Tuition: $16,056

#40 University of Maryland University College

Adelphi, MD

Online MBA

Website
Graduate Enrollment: 13,775
Points: 7
Top 10 Colleges For An Online Degree Near Arlington, Virginia

If you’ve got 18 months and $25,000 to spare, you can earn a 36-credit affordable online MBA from the University of Maryland University College. To top that off, you won’t pay for a single textbook; all courses utilize online resources, which is included in the tuition price. The program will  emphasize “teamwork, information literacy, technology fluency, ethics, communication, problem-solving, and critical thinking.” You will even have the opportunity to design a marketing plan for a new product as a part of this practical, applicable curriculum. Sample courses include Financial Decision Making, Innovation Through Marketing and Technology, and Leading Organizations and People. UMUC’s business programs are accredited through the International Accreditation Council for Business Education (IACBE).

Out-of-State Graduate Tuition: $11,862

#39 Angelo State University

San Angelo, TX

MBA Online

Website
Graduate Enrollment: 1,698
Points: 7

If you’ve got one year to devote to your grad school degree, check out Angelo State University’s low-cost online MBA program. You can do just that if you enroll on a full-time basis. But if life won’t allow you to be a full-time student, you can enroll as a part-time one. It might take you a little longer, but that flexibility is available. In this 30-credit program, you’ll take required core classes like:

  • Operations and Supply Chain Management
  • Organizational Behavior and Leadership
  • Advanced Data Analytics
  • Management of Information Systems
  • Financial Management
  • Managerial Economics
  • Legal and Social Environment of Business
  • Advanced Management Accounting

Unlike many other programs, ASU doesn’t offer any elective courses. All students will take the same required courses, which could be a great solution if you want a quality, general online MBA degree. Classes are presented in 8-week formats, and if for some reason the online format isn’t working for your preferences, you can switch to an on-campus student at any time. The Norris-Vincent College of Business is accredited by the Accreditation Council for Business Schools and Programs (ACBSP).

Out-of-State Graduate Tuition: $11,434

#38 Arkansas State University

Jonesboro, AR

MBA Online

Website
Graduate Enrollment: 4,326
Points: 7

The low-cost online MBA offering at Arkansas State University strives to help students succeed in a “technology-driven global business world.” They achieve that by providing a high-quality, rigorous, and dynamic program. Through this action-based curriculum, students can choose two concentrations in Supply Chain Management and Finance. For those students living near Jonesboro, AR and who are looking for help paying tuition, graduate assistantships are available. Note that the GMAT or GRE is required for admission to this program. ASU’s business programs are accredited by the Association to Advance Collegiate Schools of Business International (AACSB). ASU itself is accredited by the Higher Learning Commission. Trust the school’s 100+ years of educational experience.

Out-of-State Graduate Tuition: $9,612

#37 Union College

Barbourville, KY

Online MBA

Website
Graduate Enrollment: 215
Points: 7

At Union College in Barbourville, KY, “thinking ahead means thinking big.” And UC’s been doing that for over 135 years. Among the school’s online programs is the cheap MBA online. Classes are offered in an 8-week format. A few courses you can expect to take are Business Ethics and Social Responsibility, Management Information Systems, Strategic Decisions, and Marketing for Results. To be admitted into this program, students need at least a 2.5 GPA and an undergraduate degree from an accredited institution. While applicants must have a business related degree to be admitted, no GMAT scores are necessary. Other admissions requirements include two letters of recommendation and a statement of goals. Union College is accredited by the Southern Association of Colleges and Schools Commission on Colleges.

Out-of-State Graduate Tuition: $9,600

#36 Cleveland State University

Cleveland, OH

Online MBA

Website
Graduate Enrollment: 4,293
Points: 8

Do you want a quick, affordable way to earn your online MBA? If you do, check out Cleveland State University’s program. You’ll be able to complete this 32-34 credit program in just 12 short months. In fact, it was one of the first ones to be accredited by the AACSB. CSU enrolls two cohorts per year, giving you a network of peers to walk through the program with. You can expect the program to focus on small study groups! This option is perfect for the busy modern student who wants to earn a degree online, but still desires connection. Plus, you won’t have any hidden costs, as all of your textbook costs will be included in the tuition price. One unique feature of this program is its mLearning, or mobile learning, option. This means, your curriculum will be at your fingertips!

Out-of-State Graduate Tuition: $16,781

#35 McNeese State University

Lake Charles, LA

MBA Online

Website
Graduate Enrollment: 703
Points: 8

Accredited by Association to Advance Collegiate Schools of Business (AACSB) International, McNeese State University offers a low-cost online MBA. Theory might be good for some graduate level degrees, but McNeese State University makes a point to say that this program will not focus on it. Instead, this program is designed for practicing managers who need reality-based, applicable skills in leadership and business. After completion of prerequisite courses, students will take 30-credit hours to earn their degree, including courses like Accounting Information for Decision Making, Marketing Management, International Business, and Operations Management. With the combination of curriculum and experiential learning, students will grow both academically and professionally.  Though you need GMAT or GRE scores for admission, they can be waived if you have a 2.75 GPA or higher. Note that you must complete this degree within 6 calendar years of when you started.

Out-of-State Graduate Tuition: $13,740

#34 University of North Carolina at Pembroke

Pembroke, NC

Online MBA

Website
Graduate Enrollment: 771
Points: 9
the-university-of-north-carolina-pembroke

The University of North Carolina at Pembroke offers an affordable online Master of Business Administration. Three concentrations are available in Supply Chain Management, Financial Services, and Business Analytics.

Required courses included in this 36-credit program are:

  • International Business
  • Organizational Theory and Behavior

According to their program’s website, in this low-cost online MBA, you’ll learn to “examine the nature of human behavior, organizational structures, and processes, the impact of financial decisions, and the essential elements of international business.” And even though the whole program is delivered online, you’ll still be able to gain real-world, hands-on experiences. You will manage a computer-simulated company, and build applicable skills for your imminent career. The GRE requirement is waived for those students with a 3.0 GPA or better. UNC at Pembroke’s cheap online MBA program is accredited by the AACSB.

Out-of-State Graduate Tuition: $15,274

#33 Texas A & M University Kingsville Campus

Kingsville, TX

Website
Graduate Enrollment: 1,889
Points: 9

A part of the Texas A & M University System, Texas A & M University in Kingsville offers a fully online accelerated MBA program that can be completed in just 12 months. The 30-credit program features 21 credit hours of core classes and 9 credit hours in an area of emphasis. Those will result in a graduate certificate in one of the following areas: Business Analytics, Collaboration and Team Dynamics, Health Informatics, Energy Finance and Logistics, and Managing People in the Global Enterprise. Sample core classes include:

  • Economics and Managerial Decision Making
  • Accounting and Value Creation
  • Leading a Sustainable Organization
  • Financial Management and Sustainability
  • Information Systems and Business Analytics

Texas A & M University Kingsville campus’s online MBA program is accredited by the AACSB.

Out-of-State Graduate Tuition: $10,698

#32 Marist College

Poughkeepsie, NY

Online Master of Business Administration

Website
Graduate Enrollment: 958
Points: 10

The affordable MBA online offering at Marist College offers three concentrations: Ethical Leadership, Financial Management, and Healthcare Administration. Classes are presented in an asynchronous format and can be accessed anytime, anywhere.  You can expect to participate in online discussions (from students all around the world!), projects, readings, and lectures. Core courses include:

  • The 21st Century Manager
  • Global Environment of Business
  • Economics
  • Analytics Bootcamp
  • Accounting
  • Marketing Management
  • Finance
  • Operations Management
  • Strategic Management

Complete this program as a full-time student in just 4 semesters, or in 7 as a part-time student. While the residency program is not required of online students, it is encouraged for those interested and who live in the NYC area. Marist College is accredited by the Middle States Commission on Higher Education (MSCHE), and the business program is accredited by the Association to Advance Collegiate Schools of Business (AACSB International).

Out-of-State Graduate Tuition: $14,400

#31 Prairie View A & M University

Prairie, TX

Online MBA

Website
Graduate Enrollment: 1,244
Points:

Top 10 Colleges for an Online Degree in Houston, TX

At Prairie View A & M University, you can “ignite your passion” through their fully online MBA program. With three start times per year, you will be prepared to become a leader in your profit or non-for-profit field. This 36-credit affordable online MBA program can be completed in two years if taken on a full-time basis. You can take classes like Production and Operations Management, Theory of Financial Management, and Strategy and Policy. While students without a background in business can apply to the program, some additional foundational courses might be required. The GMAT or GRE is not required for admission. All of the business programs at Prairie View A & M University are accredited by the Association to Advance Collegiate Schools of Business (AACSB).

Out-of-State Graduate Tuition: $12,552

#30 Southeast Missouri State University

Cape Girardeau, MO

Online MBA

Website
Graduate Enrollment: 1,028
Points: 10

Southeast Missouri State University has over 150 years of educational experience with 145+ degrees and certificates available, 30 of which can be completed entirely online. Through the Harrison College of Business, Southeast Missouri State University offers a low-cost online Master of Business Administration. Required courses include Integrated Decision Information Systems, Strategic Decision Making, Organizational Behavior in Practice, Strategic Cost Management, and Quantitative and Qualitative Research Methods.

If you’re looking for options, SMSU offers 9 areas of concentration in:

  • Accounting
  • Environmental Management
  • Financial Management
  • General Management
  • Industrial Management
  • International Business
  • Health Administration
  • Entrepreneurship
  • Sport Management

Online resources like an online writing lab are available for students. The online MBA program at SMSU is accredited by The Association to Advance Collegiate Schools of Business (AACSB).

Out-of-State Graduate Tuition: $9,262

#29 Henderson State University

Arkadelphia, AR

Online MBA

Website
Graduate Enrollment: 502
Points: 10

Henderson State University offers an affordable online Master of Business Administration that could possibly have some in-person meetings. Students will take all coursework online, but meet for two weekend sessions during the program. Though it’s technically a hybrid degree program, those weekend sessions can be attended online via video conferencing, so don’t let those seminars stop you from applying to this program! It can be taken or attended fully online. Students can choose between a full-time or part-time enrollment, but students will typically take two classes per semester. Because all the material is self-paced, you’ll be able to decide when you want to do your schoolwork.  The AACSB-accredited program does accept students who do not have a business background but be aware that you may have to take up to 6 hours of business fundamental classes before admission. Henderson State University is accredited by the Higher Learning Commission (HLC).

Out-of-State Graduate Tuition: $6,048

#28 University of Texas of the Permian Basin

Odessa, TX

Online MBA

Website
Graduate Enrollment: 957
Points: 10

Part of the University of Texas system, UT of the Permian Basin offers an accelerated online MBA that is accredited by the esteemed AACSB. Classes are offered every 7 weeks, with an average completion time of just 12 months. The program is 30 credits long, unless you do not have an undergraduate background in business. Then, your program will be 36 credits. Courses include Analytical Models for Decision Making, Legal Environment of Business, Strategic Management, International Business, and Production and Operations Management. One of the most enticing features of the program is that the GMAT is waived for students who earned a cumulative GPA of 3.25 or better in their undergraduate studies. Or, if you do need to take the GMAT, you can begin your courses and turn your scores in at a later date. After graduation, you’ll be equipped to move into a leadership role in your current job or even start your own business.
Out-of-State Graduate Tuition: $4,451

#27 University of Nebraska

Lincoln, NB

Master of Administration Online

Website
Graduate Enrollment: 5,125
Points: 11
unl where to go for best business degree

At the University of Nebraska-Lincoln, you’ll get a quality education from a reputable Big 10 university you can trust. And you won’t have to attend on-campus to get it! You can earn your low cost online MBA for just 48 credits. Required coursework is delivered in an 8-week format and includes:

  • Introduction to Business Strategy
  • Financial Accounting
  • Managerial Finance, Economics & Marketing
  • Applied Organizational Behavior
  • Supply Chain Management
  • Human Resource Management
  • Business Analytics
  • Strategic Management and Business Policy

Five concentrations are available in Business Analytics, Finance, International Business, Marketing, and Supply Chain Management. To make it even better, UNB has a long list of accolades! The U.S. News and World Report ranked this program among the top 30 in the nation for 2019. In addition, Financial Times ranked UN-Lincoln’s online MBA 13th in the world and 1st in the nation in terms of value. The program is accredited by the AACSB.
Out-of-State Graduate Tuition: $16,654

#26 University of Tennessee at Martin

Martin, TN

Master of Business Administration Online

Website
Graduate Enrollment: 442
Points: 11

If pursuing an online education works for your lifestyle, but you like interaction with peers, take a good look at the University of Tennessee at Martin’s online MBA program. An accelerated program that can be completed in just 18 months, students can enjoy a cohort-based program, with 20 students per group. You’ll focus on 6-8 week courses, and take classes like Corporate Financial Management, Operations Management: Analytics and Application, Corporate Financial Management, and Legal and Ethical Environment of Business. A concentration in Agricultural Business is available as well. UT-Martins’ low-cost online MBA program is ranked at #30 for the U.S. News and World Reports best online MBA programs for 2018. It is important to note that students must have 2 years of work experience to apply to this program. The UT Martin MBA program is accredited by AACSB International.

Out-of-State Graduate Tuition: $14,985

#25 Lamar University

Beaumont, TX

Online MBA

Website
Graduate Enrollment: 5,238
Points: 11
Top 10 Colleges for an Online Degree in Houston, TX

The Princeton Review ranked Lamar University’s College of Business one of the Top 267 Business Schools in the nation. But why? What makes this program worthy of being among the top? It’s the combination of its affordability, rigor, and quality education. A member of the Texas State University System, Lamar University offers a cheap online MBA with 3 options for concentration: Construction Project Management, Criminal Justice Management, and Enterprise Resource Planning. Through 8-week, accelerated courses, you can earn your online MBA in only 16 months! Required courses include:

  • Managerial Accounting

After the core curriculum, you’ll take 4 elective courses like Personal Leadership, Team Leadership, and Business Intelligence. Lamar University’s College of Business is accredited by The Association to Advance Collegiate Schools of Business (AACSB International).
Out-of-State Graduate Tuition: $13,704

#24 University of Central Arkansas

Conway, AR

Online MBA

Website
Graduate Enrollment: 1,795
Points: 11

The University of Central Arkansas, a premier learner-centric higher learning institution, commits to intellectual excellence, community, diversity, and integrity. Among their many degree options is the 30-credit affordable Master of Business Administration online, which aims to prepare graduates for upper-level management positions in various business fields. Students will take these required courses:

  • Information Technology for Managers
  • Accounting For Management Decisions
  • Financial Decision Making
  • Marketing Strategy
  • Strategic Management
  • Organizational Behavior
  • Operations Management

Four areas of concentration are available in Information Management, International Business, Healthcare Administration, and Finance. UCA offers a flat-rate graduate tuition of $325 per credit hour, even for out of state students. Getting your low-cost online MBA is easier and more affordable than ever!

For admission to the program, you’ll need to meet the following requirements:

  • satisfactory GMAT or GRE scores (waived with GPA of 3.25 or better)
  • accredited Bachelor’s degree
  • cumulative GPA of 2.70 or higher
  • statement of purpose
  • 2 letters of recommendation
  • current professional resume

UCA is accredited by the Higher Learning Commission, and the online MBA is accredited by the AACSB.

Out-of-State Graduate Tuition: $9,614

#23 Western Illinois University

Macomb, IL

Online MBA

Website
Graduate Enrollment: 1,842
Points: 11
wiu masters in supply chain management

If you’re looking for a cheap online MBA program that offers a quality and applicable education, Western Illinois University deserves a good look. Only 5% of business programs are accredited by AACSB International, and WIU is one of them! In addition, it made the list of the best online MBA programs for 2019 by the U.S. News and World Report. With 3 start times per year, you can finish your low-cost online MBA in only 18 months. All the while, you’ll learn skills that can help you in your current career from knowledgeable professors who are focused on YOU! In fact, most of the professors have a terminal degree in their field, and they are the same faculty that teach on-campus courses, so you won’t miss a beat. To make your degree more specific, you can choose between two areas of emphasis: Management or Supply Chain Management. Western Illinois University is accredited by the Higher Learning Commission-North Central Association of Colleges and Schools.

Out-of-State Graduate Tuition: $7,767

#22 Southern Arkansas University

Magnolia, Arkansas

MBA Online

Website
Graduate Enrollment: 1,168
Points: 12

The affordable MBA online offering at Southern Arkansas University is a 30-credit program that takes 2 years to complete. The Rankin College of Business offers some unique areas of emphasis through this degree program, including General Business, Agriculture Business, Social Entrepreneurship, and Supply Chain Management. Note that some programs require additional credit hours for completion. Required courses include:

  • Managerial Economics
  • Strategic Marketing
  • Human Behavior in Organizations
  • Managerial Finance
  • Strategic Planning and Analysis
  • Quantitative Methods
  • Enterprise Resource Planning

The program is designed for graduates of a BBA program, however, if you hold a non-business degree, you can take 24-credit hours of prerequisite courses and then apply. This option would prolong your MBA degree but could be a solid, foundational solution if you are changing careers. The online MBA program at SAU is accredited by the esteemed AACSB International.

Out-of-State Graduate Tuition: $7,866

#21 William Woods University

Fulton, MO

MBA Online

Website
Graduate Enrollment: 1,328
Points: 12

The online MBA program at William Woods University goes beyond what traditional programs do. While, yes, you do need to learn advanced business principles like leadership, financial competency, organizational theory, and information systems, WWU understands that the business world is changing. To keep up with that change, WWU has developed a program that also addresses skills like learning to take the right risks and building effective teams. Accredited by the Accreditation Council for Business Schools and Programs, the program includes 12 courses, including Managerial Ethics, Financial Decisions, Management and Leadership, and Human Resources & Organizational Behavior. Two areas of emphasis available are Small Business or Global Business. All work will culminate into a capstone project, which you will present to an outside group of business experts.
Out-of-State Graduate Tuition: $6,300

#20 Fitchburg State University

Fitchburg, MA

Master of Business Administration Online

Website
Graduate Enrollment: 2,958
Points: 12
Top 10 Colleges for an Online Degree in Boston, MA

Fitchburg State University offers an accelerated online Master of Business Administration that can be completed in as little as 12 months. Professors teaching FSU’s online MBA program know exactly how you feel managing work and school, as many of them are working professionals too. And that means your professors will really know what it’s like in the business world and can give you practical and applicable information. In this 30-credit hour low-cost online MBA program, you can choose between 3 concentrations: Management, Accounting, or Human Resources Management. Regardless of your area of emphasis, you’ll take 18 hours of advanced core requirements, 9 hours of required accounting concentration courses and a 3-hour elective course. Sample fundamental courses include Marketing Management, Corporate Finance, Strategic Management, Organizational Behavior and Development, and Management Information Systems. MBA programs at Fitchburg State are accredited by the International Accreditation Council for Business Education (IACBE).
Out-of-State Graduate Tuition: $2,124

#19 University of the Cumberlands

Williamsburg, KY

Online MBA

Website
Graduate Enrollment: 6,782
Points: 13
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The affordable online MBA program at the University of the Cumberlands exists “to develop ethically responsible decision-makers who are intellectually and professionally competent and prepared to lead in the global marketplace,” and sets up graduates for long-term success in the business field. And with 6 areas of concentration, you can hone in on your specific academic and career goals. Specializations include Accounting, Project Management, Strategic Management, Entrepreneurship, Healthcare Management, and Marketing. No matter what cognate you choose, you’ll complete 37-credit hours, including 21 credits of a business core. Those classes include Managerial Accounting, Organizational Behavior, Marketing Management, and Legal, Ethical, and Social Environment. The University of the Cumberlands is accredited by the Southern Association of Colleges and Schools Commission on Colleges.
Out-of-State Graduate Tuition: $5,670

#18 University of Houston Victoria

Victoria, TX

Global MBA Online

Website
Graduate Enrollment: 1,080
Points: 14

If you think a career in international business is in your future, then take a good look at the University of Houston’s Victoria campus low cost online Global MBA. The Global MBA differs from a general MBA because it will have more of a focus on the inner workings of international business and the impact on the global market. You’ll gain real-world experience, complete with business simulations and projects. This program offers concentrations in finance, management, marketing, entrepreneurship, economic development, and human resources management. If taken as a full-time student, you can complete your degree in just 18 months. Part-time students should expect for it to take longer. Graduates of this affordable online MBA will be “prepared to take on senior management responsibilities and manage international operations.” The University of Houston-Victoria’s School of Business Administration is accredited by AACSB International-The Association to Advance Collegiate Schools of Business.

Out-of-State Graduate Tuition: $13,624

#17 University of North Texas

Denton, TX

MBA Online

Website
Graduate Enrollment: 6,828
Points: 14
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The goal of the University of North Texas’ low-cost online MBA is threefold: Advance your career, Enhance your life, and Influence your profession! In just 14 short months, you can earn your degree in one of 6 areas of concentration:

  • Marketing
  • Market Analysis
  • Supply Chain Analytics
  • Supply Chain Management
  • Organizational Behavior and Human Resource Management
  • Strategic Management

UNT offers maximum flexibility, offering both part-time and full-time options. With 5 start dates per year, these asynchronous classes are presented in an 8-week format. If you’re still not convinced, UNT has several program rankings, including the U.S. News and World Report top online MBA and part-time MBA programs for 2019. In addition, UNT has a 50-year continuous accreditation with the esteemed by the Association to Advance Collegiate Schools of Business (AACSB).

Out-of-State Graduate Tuition: $12,920

#16 Eastern New Mexico University

Portales, NM

Online MBA

Website
Graduate Enrollment: 1,426
Points: 14

The low-cost online MBA offering at Eastern New Mexico University stands out on this rankings list for several reasons. Like all of the programs on this list, this program is online. However, what sets this one apart is that the lectures are recorded and you are able to go back and watch or re-watch them at any point in the semester. ENMU also has extremely thorough services for online students, including:

  • online advising via video chat
  • online tutoring services
  • online Writing Center
  • student success center
  • distance education library services
  • free job search help through career services

The 30-credit online MBA program at ENMU requires courses like Leading Human Resources, Integrative Strategic Management, Production and Operations Management, and Law, Ethics, and Social Responsibility. Coursework ends in an integrated comprehensive project, which can be completed online as well. Those interested in adding on an Accounting concentration can do so by taking 3 additional courses. This affordable online Master of Business Administration is accredited by the Accreditation Council for Business Schools and Programs (ACBSP).

Out-of-State Graduate Tuition: $8,985

#15 Midwestern State University

Wichita Falls, TX

Master of Business Administration Online

Website
Graduate Enrollment: 750
Points: 14

Through the Dillard College of Business Administration, Midwestern State University offers a low-cost MBA online with two concentration options: Accounting or Energy Management. You’ll take core courses like Financial Administration, Cost Analysis and Control, Organizational Behavior, and Information Technology Management. You’ll get maximum flexibility and can choose to complete your degree in one or two years. Don’t have an undergraduate business degree? Don’t worry! You can take a 6-hour online leveling course (BUAD 5006), and you’ll be caught up in no time. And if you’re worried about how you’re going to pay for your graduate degree, MSU offers merit scholarships and graduate assistantships, both which can ease the burden of tuition costs. Midwestern State University is an accredited member of AACSB International-The Association to Advance Collegiate Schools of Business, an accreditation only 5% of business school attain.
Out-of-State Graduate Tuition: $4,464

#14 New Mexico Highlands University

Las Vegas, NM

MBA Online

Website
Graduate Enrollment: 1,163
Points: 15

New Mexico Highlands University offers a rigorous, but affordable online MBA that will prepare you to become tomorrow’s leader. And since NMHU has been around since 1893, they’ve got some experience in that area.  Accredited by the ACBSP, this 37-credit program is designed with flexibility for the modern, non-traditional student. Plus, you’ll be able to choose from an impressive list of 7 concentrations, including:

  • finance
  • accounting
  • international business
  • management
  • management information systems
  • human resource management

Worried about paying for this online MBA? Don’t fret. NMHU’s financial aid department is there to help you find the right assistance, through scholarships, work-study, grants, and loans. And if their track record holds true for you, you could land jobs at reputable companies like Intel, Nike, Microsoft, Merrill-Lynch, Sandia National Labs, Los Alamos National Labs, the Peace Corps,  or ConocoPhillips (just like other grads have!).

Out-of-State Graduate Tuition: $9,614

#13 University of South Dakota

Vermillion, SD

Online MBA

Website
Graduate Enrollment: 2,613
Points: 16

The University of South Dakota’s mission is to help you become extraordinary by becoming YOU, who you were always mean to be. And by earning your affordable MBA online at USD, you’ll be prepared to help create well-strategized businesses in the 21st century.  The USD Beacom School of Business offers a fully online MBA with areas of concentration available in:

  • Business Analytics
  • Finance
  • Health Services Administration
  • Marketing
  • Operations and Supply Chain Management

And when it comes to online student support? USD is one of the best, offering services like academic preparation, veteran resources, writing center, library services, and disability services. Not only is USD’s online MBA program accredited but the AACSB, it has upheld that accreditation since 1965. That’s consistency and a reputation you can trust.

Out-of-State Graduate Tuition: $11,283

#12 Arizona State University

Skysong, AZ

Online MBA

Website
Graduate Enrollment: 7,356
Points: 16

Arizona State University’s affordable online MBA program is one of the most innovative around. In fact, two rankings back up that claim! The program is the #1 rated school for innovation by the US News and World Report. In addition, ASU is ranked #6 in both the online graduate business school ranking and the online MBA ranking. This kind of innovative program also helps students get jobs faster. In fact, 87% of graduates get employment after only 90 days! While pursuing your MBA, you can choose from areas of emphasis like:

  • financial accounting
  • statistics
  • economics
  • marketing
  • management

You can trust ASU’s long-standing 50-year accreditation by the Association to Advance Collegiate Schools of Business (AACSB). The W. P. Carey School of Business at ASU is impressive, and to top it all off, you’ll get a solid education that will help you land the right job in the business field!
Out-of-State Graduate Tuition: $6,264

#11 Ohio Dominican University

Columbus, OH

Online Master of Business Administration

Website
Graduate Enrollment: 537
Points: 17
Top 10 Online Schools in Ohio: Columbus, Ohio

Ohio Dominican University offers a cheap online MBA that focuses on ethical leadership and strategic agility. In this 36-credit program, you’ll take classes like Ethics & Social Responsibility, Global Business Enterprise & Trade Issues, and Quantitative Business Analysis. Concentrations are available in the following areas:

  • Data Analytics
  • Risk Management
  • Finance
  • Accounting
  • Leadership
  • Sport Management

While most students graduate in just under 2 years, you can finish your degree in just 16 months, when taking two classes at a time. There will be five 8-week courses per year, which can be taken entirely online, on-campus, or a combination of both. And you won’t need to worry about feeling supported; online students get the same student resources as on-campus students, including video chatting with professors and peers. The online MBA program at ODU is accredited by the Accreditation Council for Business Schools and Programs (ACBSP).

Out-of-State Graduate Tuition: $10,800

#10 Amberton University

Garland, Texas

Online MBA

Website
Graduate Enrollment: 1,040
Points: 17

“A university designed for working adults,” Amberton University has created online, flexible programs just for you. And you won’t be without above-and-beyond support, with student advisors, online libraries, online tech support, and even research assistance through the Ask-a-Librarian forum. AU offers a low-cost online MBA with the following areas of concentration: General Business, International Business, Management, Project Management, and Strategic Management. The 36-credit hour coursework will address fundamental principles of business like Economics, Finance, Management, and Marketing. Specific classes include Ethics in Decision Making, Accounting and Finance for Managers, Strategic Management, and Competitive Analysis.  The flexible schedule will work around your life, offering four 10-week sessions per year. Related degrees that you also might be interesting are an online MS in Agile Project Management or an online MS in Human Relations and Business. Amberton University is by the Southern Association of Colleges and Schools Commission on Colleges.

Out-of-State Graduate Tuition: $6,360

#9 West Texas A & M University

Canyon, TX

Online MBA

Website
Graduate Enrollment: 2,666
Points: 17

If you’re looking for an affordable online MBA program with a stellar reputation, look no further than West Texas A & M University. It’s got a stacked list of accolades, including ones like The Princeton Review’s top 25 MBA programs in the world, the 45th overall spot on the US News and World Report ranking for online MBA programs, and multiple others for affordability and specialties. If that doesn’t entice you enough, WT offers 5 areas of emphasis in their cheap online MBA program: General Business, Computer Information Systems, Management, Marketing, and Healthcare Management. No matter what concentration you choose, you’ll still take 28 credit hours of core courses, but unlike many programs, WT allows you to choose between a multiple of core classes. This feature allows you to tailor your experience to meet your needs and future goals. Sample classes include options like Data and Information Management, Project Management for the Enterprise, International Human Resource Management, and Marketing in the Age of Social Networks. Complete the program in 2 years, or sooner if you desire. Students with an undergraduate GPA of 3.0 or higher can apply to waive the GMAT scores. While the University is accredited by the Southern Association of Colleges and Schools Commission on Colleges (SACSCOC), the Paul and Virginia Engler College of Business at West Texas A&M University holds AACSB accreditation for the business program. The school also holds specific ABET accreditation for the Computer Information Systems Program.
Out-of-State Graduate Tuition: $5,518

#8 Fayetteville State University

Fayetteville, NC

MBA Online

Website
Graduate Enrollment: 833
Points: 18Top 10 Colleges For An Online Degree Near Raleigh, North Carolina

When it comes to options, Fayetteville State University’s low-cost MBA online might be one of the best, featuring 9 concentration options and 4 graduate certificate options (Business, Healthcare Management, Cyber Security Management, Project Management).

Areas of focus include:

  • General Business
  • Business Intelligence and Data Analytics
  • Entrepreneurship
  • Finance
  • Healthcare Management
  • International Business
  • Marketing
  • Management
  • Project Management

To be admitted to the program, you will need a Bachelor’s degree from an accredited university, a 2.75 GPA, GMAT score of at least 400, and letters of recommendation. You can waive the GMAT requirement if you have an undergraduate GPA of 3.6 or higher, 10 years of professional experience, or US military experience. This 36-credit online MBA program can be completed in just 4 semesters! This online MBA program is accredited by the elite Association to Advance Collegiate Schools of Business (AACSB), and FSU is accredited by the Southern Association of Colleges and Schools Commission on Colleges (SACSCOC).

Out-of-State Graduate Tuition:

#7 University of Scranton

Scranton, PA

Online MBA

Website
Graduate Enrollment: 1,563
Points: 18

The University of Scranton, a Jesuit university, offers a low-cost MBA online. The school promises a rigorous curriculum that develops “proactive leadership rooted in technology-enhanced management to help you make even smarter business decisions.” That mission in itself will help you become the best in your field! On top of that, you’ll learn to make those decisions in an ethical, sustainable way. Specialization options include:

  • Accounting
  • Business Analytics
  • Enterprise Resource Planning
  • Finance
  • Healthcare Management
  • Human Resources
  • International Business
  • Operations Management

And unlike any other program on this list, you can actually choose TWO specializations within this 36-credit program. Yes, you read that right! You’ll get extra knowledge in two areas, making you more marketable after graduation. Ranked as one of the top 10 regional universities in the North by the U.S. News and World report (PLUS top rankings for 3 of their concentrations!), the affordable online MBA at the University of Scranton is accredited by the AACSB.

Out-of-State Graduate Tuition: $11,580

#6 Delta State University

Cleveland, MS

Integrated Master of Business Administration Online

Website
Graduate Enrollment: 748
Points: 18

Delta State University offers two paths for a low-cost online MBA: an online Integrated MBA and a general MBA. The main difference between those two degrees is that the general MBA will focus on business as a whole, and the integrated MBA will have more emphasis on the managerial aspects with a business. The iMBA at DSU offer 5 concentrations: Entertainment Industry, Human Resource Management, Health Care Administration, Information Systems Management or General Business. The coursework will be broken down into 3 modules: the Financial Module, the Operation Module, and Strategic Planning (the area of emphasis). Sample classes include Applied Decision Science and Strategic Marketing.

The general MBA offers 3 areas of emphasis in Required coursework includes:

  • Managerial Accounting
  • Managerial Economics
  • Financial Management
  • Applied Decision Science
  • Human Resource Management
  • Strategic Marketing

DSU has a long-standing history bringing quality education in the areas of business and aviation. You can trust almost 100 years of experience and expertise in these focused areas. Note that the GMAT is waived for students holding a 3.25 GPA or better in an undergraduate degree or 4 years of professional experience in the field. Delta State University is accredited by the Southern Association of Colleges and Schools Commission on Colleges.

Out-of-State Graduate Tuition: $7,076

#5 Lousiana State University

Shreveport, LA

Online MBA

Website
Graduate Enrollment: 3,358
Points: 18
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When it comes to the length of programs and customization options, Louisiana State University in Shreveport might offer some of the best options. Taking only 10 months to complete, you will be able to earn your low-cost online MBA at LSU Shreveport faster than any other program, which will help you climb that corporate ladder even faster too. And with 9 specialization options, you’ll be able to target the area of business that interests you the most:

  • General Business
  • Data Analytics
  • Entrepreneurship and Family Enterprise
  • Finance
  • Hospitality and Casino Management
  • Human Resource Management
  • International Business
  • Marketing
  • Project Management

80% of faculty hold a terminal degree in their given field, and online students will learn from the same professors as on-campus students. Accolades, rankings, and impressive AACSB International business program accreditation are other factors that make LSU Shreveport a front runner. Louisiana State University Shreveport is accredited by the Southern Association of Colleges and Schools Commission on Colleges.

Out-of-State Graduate Tuition: $6,196

#4 University of Hartford

West Hartford, CT

Master of Business Administration Online

Website
Graduate Enrollment: 1,492
Points: 19

The University of Hartford’s Barney School of Business offers a 36-credit low-cost online Master of Business Administration. If you take the coursework on a part-time basis while also working, you can complete the program in about 2 years. And when it comes to accolades, UH’s business school has some of the best. It is ranked third on the Hartford Business Journal’s list of the largest MBA programs in Connecticut. In addition, it’s been listed as one of the nation’s “Best Business Schools” by the Princeton Review. You’ll take required courses like Corporate Financial Strategy & Valuation, Economics for Managers, Global Strategic Management, and Managerial Statistics and Analytics. If you’re seeking a specific career, you could choose one of the following concentrations (it will be listed on your degree):

  • Accounting
  • Business Analytics
  • Finance
  • Healthcare Management
  • International Business
  • Management
  • Marketing
  • Project Management
  • Supply Chain Management

UH’s Barney School of Business is accredited by the Association to Advance Collegiate Schools of Business (AACSB).

Out-of-State Graduate Tuition: $12,510

#3 Fort Hays State University

Hays, KS

MBA Online

Website
Graduate Enrollment: 2,606
Points: 19
fort-hays-state-university

Fort Hays State University offers an online Master of Business Administration. In this 34-credit degree, you’ll take 25 credit hours of core courses, followed by 9 concentration credits. A long list of concentrations is available, including:

  • Corporate Communication
  • Digital Marketing
  • Finance
  • Health Care Management
  • Health and Human Performance/Sports Management
  • Human Resource Management (HRM)
  • Information Assurance
  • International Business
  • Leadership Studies
  • Management Information Systems
  • Marketing
  • Tourism and Hospitality Management

You can also opt for no concentration and graduate with a general business MBA, or choose the on-campus focus area in Accounting. Sample courses include options like Strategic Management, Organizational Behavior in a Global context, and Managerial Economics. Related degrees you could also pursue at Fort Hays State University are the online Master’s in Organizational Leadership or an online Master of Liberal Studies in Political Leadership or Global Management. FHSU is accredited by the Higher Learning Commission.

Out-of-State Graduate Tuition: $10,206

#2 American Public University System

Online Institution

Online MBA

Website
Graduate Enrollment: 8,510
Points: 22

Accredited by the Accreditation Council for Business Schools and Programs (ACBSP), American Public University System is an online institution that offers a comprehensive MBA degree. Having a degree in a non-business field won’t stop you from getting admitted to this program. In fact, all you’ll need to do is take 3 prerequisites: Global Management Perspective, Managerial Analysis, and Quantitative Analysis. With one of the largest number of concentrations available, students can choose from one of 15 areas of emphasis:

  • Accounting
  • Analytics
  • Entrepreneurship
  • Finance
  • General
  • Global Business Management
  • Government Contracting and Acquisition
  • Health Care Administration
  • Homeland Security Resource Allocation
  • Information Technology Management
  • Marketing
  • Nonprofit Management
  • Sports Management
  • Cybersecurity
  • Healthcare Administration

Because this program offers monthly start times, you can begin your graduate program whenever you are ready! Expect for your degree to take 2 years to complete, then you’ll be ready to enter the workforce as a corporate executive or entrepreneur. American Public University System is is accredited by the Higher Learning Commission (HLC).
Out-of-State Graduate Tuition: $6,300

#1 Southeastern Oklahoma State University

Durant, OK

MBA OnlineUniversity of South Dakota

Website
Graduate Enrollment: 884
Points: 25

The low-cost online MBA offering at Southeastern Oklahoma State University makes this list for its affordability, flexibility, and unique concentration options. While, yes, you can pursue more common areas of emphasis like accounting, finance, human resources, entrepreneurship, marketing, and healthcare information systems, a few others stand out. No other school on this rankings list has concentrations in these areas:

  • Aerospace Logistics:
  • Safety
  • Native American Leadership
  • Hospitality Management
  • Strategic Communication

But regardless of what path you choose, you can complete these 36-credit programs in just 12 months. All business programs are accredited by the AACSB. In terms of options, affordability, a completion time, you really can’t beat the online MBA at SOSU!

Out-of-State Graduate Tuition: $10,872

What is an affordable online Master of Administration?

The Master of Administration, or MBA, is a professional degree that focuses on areas of managerial business like accounting, marketing, finance, and technology. Beyond theory, though, business executives will also learn to manage employees, make decisions, strategically plan, develop solutions, and more. These skills will be invaluable as you climb up the corporate ladder or start your own business. Most graduates get back to work after they earn their degree, but you can continue your education to earn your Doctor of Business Administration (DBA) if that interests you.

To gain entry to an online MBA program, you will need an undergraduate Bachelor’s degree from an accredited institution. Many applicants do have a background in business, but that shouldn’t stop you if you don’t. Many programs welcome all disciplines and will even offer classes for those who don’t have the correct background for this degree.

Some programs also require certain scores on a standardized test like the GRE or the GMAT. However, other schools will waive the test for a high undergraduate GPA like 3.0 or 3.25.

It’s possible you might have a few more requirements like letters of recommendations, a written essay, or appropriate work experience.

Make sure to check the details of your desired program, so you know exactly what you’ll need to apply.

What accreditations should I look for in a low-cost online MBA?

When you are looking at online MBA graduate programs, you will want to make sure the institution is regionally or nationally accredited. If you need to check the validity of the institution of accreditation, you can check that at the U.S Department of Education’s website. Several reputable ones on this rankings list include The Higher Learning Commission and the Southern Association of Colleges and Schools Commission on Colleges.

You might even find a program-specific accreditation as well, including a Business school one like the Accreditation Council for Business Schools and Programs. While it’s not necessary to choose a school with a program specific accreditation, it does bring a lot of validity to the table, and it’s something to seriously consider. Three of those accrediting institutions we see on programs listed in this ranking are:

Association to Advance Collegiate Schools of Business (AACSB): Founded in 1916, this accrediting institution provides quality assurance, business education intelligence, and professional development services to its members. The AACSB is considered the gold-standard of accrediting organizations, as only the top 5% of business programs achieve accreditation from the AACSB.

Accreditation Council for Business Schools and Programs (ACBSP): A premier accrediting institution, the ACBSP provides accreditation to business programs from Associate all the way to Doctorate. Their vision is to see all business programs around the world receive accreditation.

International Assembly for Collegiate Business Education (IACBE): The IACBE’s believes that “academic quality and excellence in business education should be measured in terms of the educational outcomes of an academic business unit relative to its mission rather than by prescriptive standards relating to academic resources.”

What concentrations are available for an affordable MBA online?

Because the world of business is so wide, the curriculum in an online MBA program will touch on many subject areas like finance, marketing, or international business. You’ll get more advanced knowledge and skills than your undergrad programs, but the information will still be broad enough for you to land a variety of jobs in many different fields of business. However, you might desire something different: to work in a high-level business job in a very specific area. If so, there’s good news for that! Of all the degrees available, it’s safe to say that the online MBA programs we surveyed have some of the most areas of emphasis than other online programs. This will help you hone in on your passion, interests, and talents. If you love numbers and budgets, take a look at a concentration in Finance. Likewise, if you are interested in how products and services are communicated to customers, maybe a specialization in Marketing is the way to go. Whatever you choose, make sure it’s something you’re passionate about. This is your life and your career! Choose wisely.

Common concentrations include options like:

  • Finance
  • Marketing
  • Organizational Leadership
  • Strategic Management
  • Human Resources Management
  • Supply Chain Management
  • Accounting
  • Business Analytics
  • Entrepreneurship
  • Project Management
  • Computer Information Systems
  • Management Information Systems
  • International Business
  • Information Technology Management
  • Non-Profit Management
  • Data Analytics

More unique options could include:

  • Energy Management
  • Hospitality and Casino Management
  • Sports Management
  • Cybersecurity
  • Homeland Security
  • Government Contracting
  • Entertainment Industry
  • Agriculture Business
  • Forensic Accounting
  • Digital Marketing
  • Tourism and Hospitality
  • Corporate Communication
  • Risk Management
  • Native American Leadership
  • Aerospace Logistics
  • Safety

Don’t let this long list of options overwhelm you! If you aren’t completely sure what you want to do once you graduate, consider getting a general online MBA degree. That way, you’ll get a breadth of applicable information and you’ll be qualified for a multitude of job options. But, if you’re one of those people who unashamedly knows exactly what you want to do after graduation, you’ve got dozens of options to choose from. Get specific, become an expert in your field, and land your dream job!

Most Frequently Searched Online MBAs:

Arkansas State University–Online MBA: ASU offers a flexible online MBA with concentrations Supply Chain Management and Finance that is designed to prepare grads for a technology-driven global business market.

Colorado University Denver–Online MBA: CU offers a part-time or full-time online MBA that is 48 credits in length. Customize your degree with almost 20 areas of concentration!

Jacksonville State University–Online MBA: Accredited by AACSB-International, JSU offers a 30-credit online MBA that strives to provide a quality distance education. The program prepares grads to be today’s business leaders.

Kennesaw State University–Web MBA: Full of impressive rankings and accolades, KSU offers an online MBA that is flexible and accredited by the AACSB.

Appalachian State University–Online MBA: App State University offers a 36-credit online MBA that will be completed on a part-time basis in two years. Their mission is to “keep your life, and change your future.”

Affordable Online MBA FAQs:

Q: Is getting my low-cost online MBA worth it?

You better believe it! Anytime you advance your education, you’re setting yourself up for success. Plus, it will give you a competitive edge when applying for jobs. And if that isn’t good enough to convince you, think about the raise in pay you will get. People with more advanced degrees will have a higher chance to promote or land bigger jobs. Over time, that can positively affect your financial future and your financial legacy. It’s a win-win!

Q: Will my affordable online Master of Business Administration degree be respected?

A: While some students may be concerned that an online degree may not hold the same weight as a traditional degree, as culture changes, employers are thinking less about the nature of the degree and more about the total package of the applicant. In fact, most online MBA programs are geared toward working professionals, so employers 100% understand that students are juggling work and school at the same time, which could most likely say a lot about your ability to manage schedules and work under pressure. And because online education requires a high amount of self-discipline, completing the degree can be a sign of a diligent employee that would be an asset to any business’ staff. In addition, most degrees do not reveal that the degree was taken online, and therefore, the only way a potential employer would know if you completed your degree online was if you told them yourself.

Q: How long will my affordable online MBA program take to complete?

A: The answer to this question will depend on 3 factors: what your educational background is, how many credits your program requires, and whether you enroll as a part-time or full-time student. A Bachelor’s degree in Business is not necessarily required for admission to every single online MBA program (but for some!). However, if you don’t have a background in business, you will most like have to take a few foundational courses before beginning the program. Note that this could lengthen the time it takes to earn your online MBA. Generally, it will take you about 2 years to complete your online MBA, but there are some accelerated ones that only take 12-18 months to complete. Note that accelerated programs might require more work at a time. If you enroll in such a degree program, make sure that your life circumstances will allow you to take on that kind of workload.

Q: Are there any affordable online MBA programs that don’t require standardized testing like the GMAT or GRE for admission?

A: Yes! Actually, there are more than you think! There are a handful of programs that don’t require testing scores at all. There are others that do require them, but also offer waivers for certain GPAs, usually 2.75-3.0.  Some schools even waive these test scores for professional experience or military service.

Q: Does the location of the school matter for my affordable online MBA?

A: If you are taking a 100% online MBA program, the location of the school will not matter, as all coursework will be submitted online. However, you might find some degree programs like New Mexico State University’s that offer blended options or have mandatory orientation or seminar requirements, so make sure to check the details of your program before fully committing. Other students might prefer to live geographically close to their chosen school for support in advising or practicum placements. That decision will be completely up to you and what you prefer. Note that many schools do have online advising and student support, as well as video/Skype capabilities with faculty and mentors. But if face-to-face support is important to you, choosing a school near to you might be a wise choice.

Q: Can I work while I pursue my low-cost online MBA?

A: Yes, absolutely. Most programs are designed with working professionals in mind, and because classes are typically delivered in asynchronous formats, you’ll be able to complete your coursework when it’s convenient for your schedule. Some programs, however, do incorporate synchronous classes, which means you’ll need to log-on at certain times. Either way, it’s important to consider that the coursework will not be easier or lighter because you are taking your classes online. In fact, most work is identical to on-campus programs, and the classes are taught by the same faculty. Even though you could technically work, you may not want to, or you may want to back off your hours at work while you are pursuing your degree. Though it might take some figuring out, hopefully, you can find a balance that will work for you.

Q: Can I enroll in my low-cost MBA online program as a part-time student?

Yes, you can! Many schools understand that not everyone is able to take 1-2 years off of work to pursue a higher degree. Therefore, they offer part-time enrollment, which will allow you to better juggle your personal and work life with school. Before you apply to a program, make sure you take a good look at the program’s flexibility details.

Career FAQs:

Q: What careers can I pursue with an affordable online MBA?

Your options will be almost endless, as so many of our world’s jobs revolve around business. Depending on your area of concentration (if you got one!), you can choose from many options like:

  • Chief Technology Officer
  • IT Director
  • Marketing Manager
  • Investment Banker
  • Investment Fund Manager
  • Budget Analyst
  • Benefits Manager
  • Operations Manager
  • Sales Manager
  • Training and Development Manager

Q: What income can I expect with my low-cost MBA online?

A: Your salary will vary based on your chosen career, but one thing is for sure; you will certainly make more money with a Master’s degree than any other degree. Your potential for growth in your career is substantial, too. According to the U.S. Bureau of Labor and Statistics, some sample salaries include:

  • Computer and Information Systems Manager: $142,530 per year
  • Medical and Health Services Manager: $99,730 per year
  • Marketing Manager: $147,240 per year
  • Financial Analyst: $85,660 per year
  • Benefits Manager: $121,010 per year
  • Operations Manager: $123,460 per year
  • Sales Manager:$124,220 per year
  • Training and Development Manager: $111,340 per year

Q: Are there any professional organizations to support people with an online MBA degree?

A: Yes! Just as careers in this field are widespread, so are the professional organizations. The ones you choose to become a member of will be determined by your specific goals, professional needs, and career aspirations. A few options include:

American Management Association

The American Finance Association

Society for Human Resource Management

American Association of Healthcare Administrative Management

Sales & Marketing Executives International

American Marketing Association

American Production and Inventory Control Society

Entrepreneurs’ Organization

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