Over the last 20 years, educators working all over the world have embraced online learning as a way to provide their students a quality education no matter where students live. The same advancements also apply to rigorous graduate programs such as MBAs. Graduate students can earn an affordable online MBA from an excellent university without ever setting foot on campus. With flexible class schedules, many professionals who earn this degree continue working full or part time. Universities incorporate students’ careers into the curriculum through optional on-the-job practicums. Full-time online students often participate in residencies or travel internationally to learn about foreign business practices.

Just like on-campus students, online students receive mentorship from professors and can build long-term professional relationships with peers. Online students can also customize their educations through concentrations or certificate programs, both of which attract top employers’ attention. In summary, an affordable online MBA represents a wise investment in your personal and professional futures.

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We examined approximately 230 institutions that offered accredited online master’s degree programs in business or business administration (MBA). We chose schools that had earned rankings from major publications like Forbes magazine, The Princeton Review, and U.S. News and World Report. From our selection, we chose the top 30 most affordable institutions based on the most recent published graduate tuition price/fees by NCES College Navigator. The school in our #1 position is the most affordable selection.

Below are the 25 most affordable top-ranked online MBA programs.

#25 – George Mason University

Online Executive MBA

Fairfax, Virginia

Website

The master of business administration program at George Mason University emphasizes four concentration areas such as analytical decision making and contemporary issues in business. The 48-credit asynchronous curriculum includes courses in operations management, managerial finance, and financial reporting. Students who earn a graduate certificate in business analytics take additional courses. For an extra fee, students can complete a global residency that involves completing a team project in a foreign country. The typical student graduates in three years or less. George Mason grants standardized test waivers in very few cases and requires a 500-word essay from waiver applicants. All students pay the same credit-based tuition. The university awards merit scholarships to qualified students.

More information on George Mason University

#24 – Washington State University

Online Master’s in Business (MBA)

Pullman, Washington

Website

The highly ranked online MBA program at Washington State University offers ambitious students five degree pathways: marketing, finance, hospitality business management, international business, and general MBA. This 22-29-month affordable online MBA uses a synchronous core curriculum broken into four modules. Only when students complete foundation, strategic leadership, and functional business tools courses do they move on to their concentrations. All students develop and present a business plan during the capstone course. To further personalize their educations, some students travel to China and South Korea to meet with international business leaders. Washington plans to expand its study abroad offerings in late 2018. Qualified applicants do not submit standardized test scores. All online students pay the same credit-based tuition.

More information on Washington State University

#23 – University of Florida

Online Master’s in Business (MBA)

Gainesville, Florida

Website

With 20 years of experience educating students online, the UF MBA online program at the University of Florida offers three unique online programs. The fully online MBA includes no on-campus components and accepts students with undergraduate degrees in business. The hybrid one-year program involves some on-campus coursework at Florida’s Gainesville campus. The hybrid two-year program takes applicants who possess graduate degrees in a non-business-related field. These degree paths require 45-54 credits; students in each choose among four possible concentrations. Florida MBA students benefit from optional professional development opportunities: study abroad, guest lecturers, and networking events. No matter the number of credits, all students pay the same for their degrees.

More information on University of Florida

#22 – University of Texas at Dallas

Online Professional MBA

Richardson, Texas

Website

The UT Dallas professional MBA program at the University of Texas at Dallas includes two affordable online MBA programs: professional MBA (PMBA) flex and PMBA online. The PMBA flex program uses hybrid courses and attracts part-time students. PMBA online uses a 100% online curriculum and appeals to online students. Both programs include a cohort learning model with set meeting times, typically evenings Monday through Friday. UT Dallas offers all core courses each semester; concentration courses rotate throughout the year. The university accepts applications for the fall semester and grants GMAT and GRE waivers to some qualified applicants. Applicants must submit scores if they hope to receive a university-funded scholarship. In-state students save approximately 50% on their educations compared to out-of-state students.

More information on University of Texas at Dallas

#21 – SUNY College at Oswego

Online MBA

Oswego, New York

Website

One of the best affordable online MBA programs in New York, the master of business administration program at Oswego State University of New York dedicates one-third of its 36-credit curriculum to degree customization. New students work with the departmental director to craft a personalized education plan. Students must maintain a minimum 3.0 GPA in all core courses to remain eligible for the MBA. For the four electives, students select from 19 courses that include employment law, brand experience management, and an MBA professional internship. The program concludes with a capstone course in management policy. Transfer students may apply up to six credits toward their degrees.

More information on SUNY College at Oswego

#20 – Arizona State University

Online Master’s in Business (MBA)

Tempe, Arizona

Website

Ranked as one of the top 10 affordable online MBA programs in the nation, the MBA program at Arizona State University boasts three dual degrees and four areas of emphasis. In the synchronous curriculum, students take two courses at a time in blocks that last seven-and-a-half weeks. Part-time students use a modified curriculum. Arizona State uses six admission rounds for its January and August start dates. All applicants submit GRE or GMAT scores regardless of academic achievement or professional experience. New students attend orientation on the Temple campus before beginning the program; Arizona State grants waivers to some students who cannot attend the on-campus orientation.

More information on Arizona State University

#19 – University of North Carolina

Online Master’s in Business Administration (MBA)

Chapel Hill, North Carolina

Website

The MBA@UNC at the University of North Carolina stands out for its experienced student body; the average student possesses nearly 10 years of work experience. Also, approximately 25% of students already possess advanced degrees before beginning this affordable online MBA program. Full-time students, even those who work while earning their degrees, can complete the 66-credit program in just 18 months. Part-time students may take up to three years to graduate. The typical student spends no more than 10 hours per week completing coursework. Students select one of five concentrations that include entrepreneurship and marketing. North Carolina charges the same tuition to all students; the university works closely with companies who sponsor their employees’ educations.

More information on the University of North Carolina 

#18 – Auburn University

Online MBA

Auburn, Alabama

Website

Students in Auburn University’s master of business administration online program use the CANVAS eLearning program to view lectures, turn in assignments, and collaborate with peers. The 39-credit synchronous curriculum includes 13 courses, four of which students select as part of their personalized specialization. The wide selection of electives includes global financial markets, advanced real estate finance, and multinational financial management. Some students earn a dual major in information systems, industrial and systems engineering, or finance. Applicants who already possess terminal degrees do not submit GMAT or GRE scores. New students begin the program in the fall and spring semesters; Auburn holds optional on-campus orientations for online students.

More information on Auburn University

#17 – North Carolina State University

Professional Online MBA

Raleigh, North Carolina

Website

Whether taking courses entirely online or through a hybrid program, students earning their professional online MBA from North Carolina State University benefit from an AACSB-accredited curriculum. Students select from an accelerated or part-time track; the program takes anywhere from 21 months to six years to complete. The accelerated track uses a synchronous curriculum; part-time students take courses asynchronously. Instead of concentrations, students select a custom-tailored depth area in a specific subject. Applicants submit either GMAT or GRE scores. New students begin the program in either the fall or spring semester after completing a three-day on-campus residency. Students repeat this residency one more time during the program. North Carolina charges the same tuition to in-state and out-of-state students.

More information on North Carolina State University

#16 – Indiana University

Online MBA

Bloomington, Indiana

Website

Students in MBA program at Indiana University have multiple avenues to personalize their educations. The 51-credit curriculum includes 12 credits wherein students earn a specialization in one of seven areas such as global supply chain management or information technology management. Indiana’s affordable online MBA program includes 30-51 synchronous credits. Students can earn a dual degree by completing an additional 12 credits. Indiana’s study abroad opportunities connect MBA students with business professionals in seven countries. Applicants submit either GMAT or GRE scores. The program automatically considers accepted students for merit scholarships. New students begin the program at four points throughout the year.

More information on Indiana University

#15 – University of Tennessee at Martin

Online MBA for Financial Services Professionals

Martin, Tennessee

Website

At the University of Tennessee – Martin, students can earn their degrees entirely online or through a hybrid program with some courses on the Martin campus. Typical full-time students take two courses in each six to eight-week term. This affordable online MBA does not include concentrations but boasts coursework in organizational theory and financial services. All applicants must possess at least two years of work experience. UT Martin grants GMAT and GRE waivers to applicants with advanced degrees or excellent undergraduate GPAs. New cohorts begin the synchronous curriculum in January and June. Students without a business background take foundation courses alongside those in the core curriculum.

More information on University of Tennessee at Martin

#14 – Cleveland State University

Online Accelerated MBA

Cleveland, Ohio

Website

AACSB-accredited affordable online MBA programs rarely allow students to graduate in just one year. The online accelerated MBA at Cleveland State University does just that. Cleveland State uses a cohort model to ensure that students’ online learning experience mirrors the on-campus experience. The 34-credit curriculum includes 11 seven-week courses over three semesters; to complete the program in one year, students take two courses during each seven-week term. The core curriculum involves courses found nowhere else: management of innovation and technology and product management. The program does not offer concentrations. All students pay the same tuition for their degrees, making this affordable online MBA an excellent choice for both in-state and out-of-state students.

More information on Cleveland State University

#13 – Ball State University

Online Master of Business Administration

Muncie, Indiana

Website

The online master of business administration program at Ball State University boasts many advantages for working professionals. Students can study full or part time, begin the program at one of three points throughout the year, and select one of six concentrations. Students can further personalize their educations through earning a certificate in business essentials, health economics, policy, and administration, or professional sales management. The core curriculum stresses coursework in global strategic management. Students earn 30-51 credits depending on their prior educations. Students living near the Muncie campus may complete their degrees through a hybrid program. Indiana residents save approximately 33% on tuition compared to out-of-state students.

More information on Ball State University

#12 – University of Wisconsin

Online MBA

Eau Claire, Wisconsin

Website

The average student who enrolls in the MBA consortium at the University of Wisconsin has more than five years of work experience, making this program a perfect fit for prospective students wanting an affordable online MBA that accommodates their busy schedules. Students complete the 30-credit program in two-and-a-half to three-and-a-half years. Students who need foundation courses may take up to an additional 18 additional credits. Applicants must possess a minimum 2.75 undergraduate GPA; Wisconsin grants GMAT and GRE waivers to some applicants. New students start the program in the fall, spring, and summer semesters. Transfer students may apply up to nine credits toward their Wisconsin MBA degree.

More information on University of Wisconsin Eau Claire

#11 – Georgia Southern University

Online MBA

Statesboro, Georgia

Website

At the online MBA at Georgia Southern University, full-time students earn their degrees in just 21 months. The synchronous, 30-credit curriculum emphasizes team-based learning. Before starting the program, all students participate in a two-day orientation on the Atlanta campus; Georgia Southern requires no other on-campus components. Course highlights include strategic marketing and global and international business. Georgia Southern does not offer concentrations. All students pay the same tuition; Georgia residents pay more for the online program than if they study on campus, while out-of-state students benefit from significant cost savings. Students without a business background take courses in accounting, finance, statistics, and economics before beginning this affordable online MBA program.

More information on Georgia Southern University

#10 – University of Nebraska

Online Master’s in Business (MBA)

Lincoln, Nebraska

Website

Online students at the University of Nebraska – Lincoln have two options to complete their MBA: a 100% MBA@Nebraska program and a hybrid flex program wherein students split their time between online courses and those held on the university’s Lincoln campus. Both options use an identical curriculum and boast accolades from major rating agencies that praise these programs’ affordability and high quality. Applicants apply for one of three start dates: May, August, or January. The university grants waivers to applicants who possess a doctoral degree in any subject. However, all applicants must have at least one year of work experience. Online and flex students pay the same tuition regardless of residency.

More information on University of Nebraska

#9 – University of North Dakota

Online Master’s in Business Administration (MBA)

Grand Forks, North Dakota

Website

The business administration (M.B.A.) program at the University of North Dakota offers 100% online and on-campus options. In the affordable online MBA program, students pursue a concentration in one of five areas such as international business or business analytics. New students begin the program in the fall, spring, and summer terms. In each course, students and professors meet online at the same time to simulate the on-campus learning experience. Full-time students can complete the 43-credit program in just two years. Online students pay in-state tuition. However, if online students take more than 12 credits per semester, their tuition rate rises; this extra fee does not apply to on-campus students.

More information on University of North Dakota

#8 – Mississippi State University

Online Master’s in Business (MBA)

Mississippi State, Mississippi

Website

One of the top 20 programs for active military personnel and veterans, the master of business administration program online at Mississippi State University lets students earn their degrees from anywhere in the world. Like other online affordable MBA programs, the curriculum at Mississippi State includes foundational, core, and elective courses. The program offers one concentration option: project management. Prospective students can review detailed course syllabi on the Mississippi State website. Applicants apply for the fall, spring, or summer semester. All applicants must submit GMAT or GRE scores. Online students benefit from in-state tuition and access to university scholarships. The university accepts up to six transfer credits.

More information Mississippi State University

#7 – University of Mississippi

Professional MBA Online

University, Mississippi

Website

The online MBA at Ole Miss boasts AACSB accreditation. Full-time students complete the 36-credit program in just two years; part-time students may take up to six years to earn their degrees. Course highlights include project analysis, organizational behavior, and strategic marketing management. All applicants submit GRE or GMAT scores unless they already possess a graduate degree. Ole Miss prefers applicants with professional experience but does not require it to apply. New students start the synchronous program in the spring, summer, and fall semesters. Transfer students may transfer up to six credits toward their affordable online MBA at Mississippi State University. Ole Miss charges one tuition rate for all graduate students.

More information on the University of Mississippi

#6 – Oklahoma State University

Online Master of Business Administration

Stillwater, Oklahoma

Website

Oklahoma State University’s master of business administration – online learning gives students full and part-time options for its 42-credit program. Online students specialize in one of nine areas such as data science and energy business. Students further personalize their degrees by taking an elective in marketing, law, or management. Oklahoma State uses a 3.0 undergraduate GPA cutoff for its affordable online MBA. Applicants must also submit GMAT scores. Oklahoma residents save approximately 20% on their degrees compared to out-of-state students. However, by earning their degrees entirely online, out-of-state students save over 50% on tuition compared to out-of-state on-campus students.

More information on Oklahoma State University

#5 – Georgia College and State University

Online MBA

Milledgeville, Georgia

Website

Students earning the Georgia WebMBA at Georgia College (Online MBA) enjoy an asynchronous curriculum that fits around full and part-time work schedules. With flexibility comes an excellent education; the WebMBA program boasts accreditation from the Association to Advance Collegiate Schools of Business (AACSB). The 30-credit curriculum stresses global and international business, strategic marketing, and management information systems. Students maintain a 3.0 GPA to maintain good academic standing. All applicants must possess at least two years of work experience. Some applicants may qualify for a GMAT and GRE waivers. New students begin the program in the fall and spring semesters.

More information on Georgia College and State University

#4 – University of North Texas

Online MBA and Accelerated MBA

Denton, Texas

Website

At the University of North Texas, students earn an accelerated online M.B.A. with a specialization in just 14 months. Students can specialize in strategic management, marketing and marketing analytics, organizational behavior and human resources, supply chain analytics, or supply chain management. The program accepts new students at five points throughout the year, making this affordable online MBA perfect for busy professionals looking to start their educations as soon as possible. The asynchronous, 36-credit flexible curriculum allows students to take as few or as many courses as they wish. Applicants must submit GMAT scores from the last five years. Credit-based tuition means that part and full-time students pay the same for their degrees. North Texas awards merit and need-based scholarships to qualified students.

More information on the University of North Texas

#3 – Kennesaw State University

Online Master’s in Business (MBA)

Kennesaw, Georgia

Website

At Kennesaw State University, the Georgia WebMBA program boasts over 15 years of experience educating graduate students online. The synchronous cohort program requires students to take two courses each semester for five semesters. Typical full-time students graduate in 20 months. The university prefers applicants with professional experience but still considers applicants who lack it. Kennesaw grants GMAT waivers to applicants with master’s degrees or exemplary undergraduate GPAs. New students must attend a two-day orientation on the Kennesaw campus before beginning the program in either the spring or fall semester. This affordable online MBA costs approximately 50% less than the on-campus program. Kennesaw awards merit scholarships to some graduate students.

More information on Kennesaw State University

#2 – Arkansas State University

Online MBA

Jonesboro, Arkansas

Website

Arkansas State University’s affordable online MBA program includes optional concentrations in supply chain management and finance. Students who earn a traditional MBA take 33 credits while students who earn an MBA with a concentration take 39 credits. In all three degree options, students can customize their educations through two elective courses. Applicants must submit GMAT or GRE scores; those who earned less than a 2.75 undergraduate GPA may receive conditional admission. New students who take prerequisite courses in accounting and finance may do so online. Arkansas State charges the same credit-based tuition to in-state and out-of-state students.

More information on Arkansas State University 

#1 – University of Nevada

Online Executive MBA (EMBA)

Reno, Nevada

Website

The online executive MBA (EMBA) at the University of Nevada, Reno uses a two-year, 12-course program. New cohorts begin each fall, and students take only one class during the spring, summer, and fall semesters; most students work full time throughout the program. Reno caps cohorts at 30 students. Course highlights include economics of the firm, personal branding, and strategic management for executives. Applicants must possess at least five years of work experience and a minimum 2.75 undergraduate GPA. Nevada grants GMAT waivers to applicants who already have a graduate degree from a regionally accredited university. All students pay the same tuition in this affordable online MBA program.

More information on the University of Nevada

This concludes our ranking of the top 25 most affordable online master’s degree programs in business for 2018.

 

By GSH Staff
August 2018