Affordable online master’s in international business programs help working early- and mid-career professionals take flight in global leadership careers without making their loan debt soar. International business master’s degrees are one- to three-year graduate school journeys that nurture the managerial skills needed for piloting successful corporate decisions in today’s turbulent, multinational market. Master’s IB majors fill their passports with study abroad opportunities to become better aware of foreign cultures, economies, policies, and languages. According to CBS News, general MBAs are a dime a dozen with the number of annual graduates rising by 74 percent since 2001 to over 126,000, so global experience can provide a much-needed competitive edge. Getting buckled into an international business master’s online may drive up your hirability, job stability, and currency for high ROI.
Using the National Center for Education Statistics’ College Navigator as our compass, we virtually traveled the United States for cheap online international business master’s degrees. Next, we mapped out an initial pool of 29 online universities conferring international business programs for tomorrow’s global leaders. Grad School Hub places academic quality foremost, so each potential college had to have one of six regional accreditations authorized by the U.S. Department of Education. While affordability was key, we also took note of business accreditations (AACSB, ACBSP, or IACBE) and national rankings. Lastly, we arranged the following 15 affordable master’s in international business online degrees from highest to lowest mean in-state graduate price.
Ranking Low-Cost Online International Business Master’s
15. Florida International University
Online Master in International Business
Average Graduate Tuition: $15,408 per year
Established in 1964 by Robert M. Haverfield’s Senate Bill 711, Florida International University is a diverse public, research institution of the 12-campus SUSF system that instructs 55,112 Panthers on 573 acres in Miami-Dade County and online via Blackboard. FIU is acclaimed for America’s 47th best graduation rate in Washington Monthly and 110th top business school by Bloomberg. Open for admission until June 1st annually, the Online Master in International Business is a 36-credit, 12-month program emphasizing global production strategies. Chaired by Dr. Sumit Kundu with a faculty that’s 60 percent foreign, the curriculum requires one case analysis seminar and semester-long master’s project. There’s also a Joint MIB-Master of Science in Finance available online.
14. Colorado State University – Global Campus
Master of International Management Online
Greenwood Village, CO
Average Graduate Tuition: $14,076 per year
Giving 10 percent employee discounts for affiliates like Great West Life and AT&T, the Colorado State University – Global Campus is the public system’s adult-friendly, online branch created in 2007 in Arapahoe County and enrolling approximately 19,000 Golden Eagles. Given the 2012 Exemplary Course Award, CSU – Global was recognized for America’s 59th highest research expenditures in Washington Monthly and 99th best business programs by Niche. The ACBSP-accredited School of Business trains tomorrow’s multicultural, multinational workforce leaders with a Master of International Management Online. Directed by Dr. Attila Hertelendy, the 36-credit degree has 14 specializations, such as Human Resource Performance, Organizational Leadership, Strategic Innovation, and Fraud Management, to customize electives and capstone projects.
13. Kettering University
Online MBA with Global Leadership Certificate
Average Graduate Tuition: $13,712 per year
Named for General Motors’ Charles F. Kettering in 1919, Kettering University is a private, coeducational experiential master’s institution that’s endowed for $75.4 million in Mid-Michigan to educate 1,991 Bulldogs face-to-face and online. Kettering is crowned America’s 105th best university on the Social Mobility Index and 120th best online graduate business school by The U.S. News & World Report. Offering a $1,500 travel stipend, the ACBSP-accredited School of Management created the Online MBA with four certificate options, including Global Leadership. Led by Dr. Michael Smith, the 48-credit, 18-month curriculum waives GMAT scores before courses from operations management to marketing. C-Suite alumni are excelling with Bosch, Whirlpool, Zemer International, Corning, and others.
12. Concordia University-Wisconsin
Online Global Master of Business Administration
Average Graduate Tuition: $13,365 per year
Linked to 17,753 LinkedIn alumni, including Norman Wengert and André Carson, Concordia University-Wisconsin is a private, nonprofit Lutheran master’s school that’s headquartered in Money magazine’s 41st best city to teach 7,721 Falcons on-site and online on Blackboard. CUW is distinguished for America’s 120th best religious education on Niche and 214th highest-paid international business grads by College Factual. The Batterman School of Business starts self-paced, IACBE-accredited Christian courses every 10 weeks for the Online Global Master of Business Administration. Coordinated by Dr. Daniel Sem, the 39-credit, non-thesis curriculum offers 15 concentrations like Sustainability Management, Risk Assessment, Finance, and Entrepreneurial Innovation to post-grads with minimum 3.0 GPAs.
11. SUNY Empire State College
Master of Business Administration in International Business Online
Saratoga Springs, NY
Average Graduate Tuition: $13,095 per year
SUNY Empire State College is a public, multi-campus liberal arts branch of the State University of New York system that’s endowed for $14.5 million to employ 1,498 faculty and enroll 19,784 students from Albany to Auburn and the Internet. ESC is renowned for America’s 99th best graduation rate in Washington Monthly and 53rd top distance education on OnlineDegreeReviews.org. The School for Graduate Studies has rolling admission for the Master of Business Administration in International Business Online. Chaired by Dr. Robert Gerulat, the 36-credit, cross-cultural curriculum integrates courses for e-commerce, supply chain, and global marketing before a strategic capstone. Short-term residencies are available in Albania, Greece, Lebanon, Turkey, and Czech Republic.
10. National University
Online Master of Global Management
La Jolla, CA
Average Graduate Tuition: $12,690 per year
Located in San Diego’s “Jewel By the Sea,” National University is a nonprofit, coeducational open-admission institution headed by a 25-member Board of Trustees since 1971 to educate 23,909 Bulldogs online from its $558.9 million endowment. NU is applauded for America’s 121st highest research expenditures in Washington Monthly and 358th most diverse student body by Niche. The IACBE-accredited School of Business and Management admits post-grads with GPAs above 2.5 into the Online Master of Global Management. Culminating with a strategic project, the 58.5-unit curriculum takes 12-36 months for courses like managerial communication and optional international experience from Taiwan to Tunisia. Ambitious seniors could take the accelerated B.A./M.G.M. Transition track too.
9. Tiffin University
Online MBA with a Concentration in International Business
Average Graduate Tuition: $12,600 per year
Affiliated with the United Church of Christ, Tiffin University is a private, civic-oriented master’s institution established as Heidelberg College in 1888 that’s budgeting $48.6 million annually to instruct 4,282 Dragons in Tiffin, Toledo, Cleveland, Romania, and online via Pearson eCollege. Tiffin is lauded for America’s 162nd greatest male-female diversity on College Factual and 270th most community service in Washington Monthly. Headed by Dr. Terry Sullivan, the School of Business awards the ACBSP-accredited Online MBA with a Concentration in International Business. The 36-credit, tech-driven program has distinguished faculty guiding graduates through fast, seven-week courses like global marketing and trade development. Tiffin maintains a 94 percent job placement rate at companies like Marathon Petroleum, Whirlpool Corporation, PNC Bank, and more.
8. University of Scranton
Online MBA in International Business
Average Graduate Tuition: $11,352 per year
Hosting a Beta Gamma Sigma chapter since 1997, the University of Scranton is a private, Jesuit master’s liberal arts bastion upholding Saint Ignatius of Loyola’s values to enlighten 5,422 Royals on its 58-acre Wilkes-Barre Metro campus and online platform of Blackboard. Scranton was ranked America’s sixth friendliest college on Huffington Post and 13th best-run university by The Princeton Review. Also placed within the top 15 by Entrepreneur magazine, the Arthur J. Kania School of Management built an AACSB-accredited Online MBA in International Business. Directed by Dr. Michael Ofosu Mensah, the 36-credit, 24-month program has six start dates to prepare post-grads with three years of relevant experience for globalization. Courses like macroeconomic analysis, supply chain, and international accounting culminate with the business policy capstone.
7. Webster University
MBA with an Emphasis in International Relations Online
St. Louis, MO
Average Graduate Tuition: $11,232 per year
Enrolling 22,100 Gorloks of 130+ nationalities, Webster University is a private, nonsectarian global graduate school of the St. Louis Intercollegiate Conference that’s endowed for $111.5 million for its 47-acre Missouri headquarters and centers in Switzerland, Thailand, Ghana, Mexico, and Austria. Webster is deemed America’s 203rd best college on the Social Mobility Index and 237th top bang for the buck in Washington Monthly. The Herbert Walker School of Business & Technology launched the MBA Online with 15 in-demand emphases, including International Business. Led by Dr. Simone Cummings, the 65-credit, ACBSP-accredited curriculum offers the accelerated 12-month pathway for transfers or the traditional two-year route with study abroad experience. Other online degrees include the MBA International Relations Emphasis and MA in International Business.
6. Oklahoma Christian University
Online MBA: International Business Track
Oklahoma City, OK
Average Graduate Tuition: $10,870 per year
Listed among The Princeton Review’s “Best Western Colleges,” Oklahoma Christian University is a private, co-educational master’s institution linked to the Church of Christ with a $32.43 million endowment to educate 2,584 Eagles at its 200-acre Northwood campus, Das Millicanhaus in Vienna, and online. OCU is proclaimed America’s 113th best religious school on Niche with the 101st highest community service participation in Washington Monthly. The Christ-centered, ACBSP-accredited Graduate School of Business provides the Online MBA with nine specialized tracks like International Business. Organized by Dr. Ken Johnson, the 36-credit, 12-month curriculum integrates case studies from accounting control to advertising before the strategic change capstone. Leveling courses could be added for non-business bachelor’s majors.
5. Stratford University
International Master of Business Administration Online
Average Graduate Tuition: $10,170 per year
Attracting the United States’ most F-1 Visa students for Optional Practical Training, Stratford University is a global for-profit, adult-friendly institution founded in 1976 that’s proving “Knowledge is Power” to 2,279 Cardinals at campuses from Alexandria to New Delhi and online via Moodle. Granted the 2016 President’s E Award for Exports, Stratford has America’s 163rd most popular business education on College Factual and 50th most veteran-friendly programs in Military Times. With SACS accreditation candidacy, the School of Business prepares for 21st-century global leadership with the International Master of Business Administration Online. The 54-credit, 15-month program headed by Dr. Shawn Stewart develops a team environment for courses like organizational behavior and capstone applications.
4. St. Thomas University
Online Master of Business Administration in International Business
Miami Gardens, FL
Average Graduate Tuition: $9,000 per year
Named for St. Thomas of Villanova in 1961, St. Thomas University is a private, non-profit Catholic ACCU member of the Archdiocese of Miami that’s endowed for $24.2 million to train 4,674 “Leaders for Life” in 67 majors on-site and online. Honored by the Hispanic Chamber of Commerce, STU has America’s 256th best graduation rate in Washington Monthly and 102nd most diverse students on Niche. Offering the $1,000 Priority Commitment Award, the Gus Machado School of Business grants the Online Master of Business Administration in International Business within 14-24 months. Led by Prof. Lloyd Mitchell, CGMA, the 36-credit, non-thesis curriculum bolsters decision-making authority for multinational corporations. Similar online offerings include the M.S. in Trade and Logistics Management and MBA in Global Marketing.
3. Dallas Baptist University
International Business MBA Concentration Online
Average Graduate Tuition: $8,912 per year
Known for its Patriot Discipleship missions in Guatemala, Peru, and South Korea, Dallas Baptist University is a private, coeducational Christian master’s school opened in 1898 that’s employing 124 full-time professors and teaching 1,933 post-grads from its 292-acre campus on Mountain Creek Lake. DBU was congratulated for America’s 31st most service participation in Washington Monthly and 121st best business value on College Factual. Available 24/7 asynchronously on Blackboard, the ACSBP-accredited College of Business confers the International Business MBA Concentration Online. Chaired by Dr. Dale Sims, a Fulbright Scholar, the 36-credit degree infuses service-learning components into courses like global finance and economics. The 150-credit Accelerated Bachelor of Business Studies/MBA track is online too.
2. Webber International University
International Business MBA Online
Babson Park, FL
Average Graduate Tuition: $8,100 per year
Founded by business theorist Roger Babson in 1927 and merged with St. Andrews College in 2011, Webber International University is a private, nonprofit B-school with an International Club that’s enrolling 800 Warriors from 48 countries at its 110-acre Central Florida campus and online. WIU was designated the South’s 57th best college by the U.S. News & World Report and 250th best value in Washington Monthly. The Graduate School of Business schedules 10-week terms for tackling the International Business MBA Online. Full-time Webber faculty led by Dr. Nikos Orphanoudakis deliver the 11-course curriculum with an optional travel experience. Online classes from marketing philosophy to financial reporting culminate with a group-based consulting project capstone.
1. Florida Institute of Technology
Online Master of Business Administration – International Business
Average Graduate Tuition: $8,100 per year
Situated on 130 acres near Cape Canaveral, Florida Institute of Technology is a private, space-grant RU/H institution of the Peach Belt Conference with on-site and online study for 6,451 Panthers. Florida Tech was lauded for America’s 108th best online MBA by the U.S. News & World Report and 146th highest starting salary on PayScale. For our list’s lowest price of $8,100 yearly, the IACBE-accredited National M. Bisk College awards the Online Master of Business Administration – International Business. Coordinated by Dr. Christian Sonnenberg, the 36-credit curriculum progresses toward the global business strategy capstone with eight-week courses like cross-cultural management in 18 months. Related online programs include the M.S. Supply Chain Management and Mini MBA Management.
Other Master’s in International Business Online Degree Offerings
International Development M.A. Online
Average Graduate Tuition: $16,104 per year
Online MBA in International Business
Average Graduate Tuition: $16,128 per year
MBA in Global Leadership Online
Average Graduate Tuition: $16,560 per year
International Business MBA Concentration Online
Average Graduate Tuition: $17,168 per year
Online MBA with an International Business Specialization
Average Graduate Tuition: $17,190 per year
Online MBA International Business Concentration
Average Graduate Tuition: $17,550 per year
Master of Arts in International Leadership Online
Average Graduate Tuition: $18,336 per year
Online M.B.A. with a Concentration in International Business
Average Graduate Tuition: $18,373 per year
MBA in International Business Online
Average Graduate Tuition: $18,600 per year
Online MBA in International Management
Average Graduate Tuition: $22,633 per year
Online MBA with Global Business Concentration
Average Graduate Tuition: $30,200 per year
Suffolk MBA International Business Concentration Online
Average Graduate Tuition: $32,333 per year
Online Master of Global Management
Average Graduate Tuition: $37,100 per year
M.S. in Global Marketing Management Online
Average Graduate Tuition: $49,176 per year
How Does Online International Business Master’s Study Differ From On-Campus?
International business master’s online degrees present the same, accredited high-quality training within a less structured 24/7 schedule. According to MIT News, researchers analyzed nearly 1,000 classes and found that online education is as effective as on-campus programs. Although there’s less involvement in student clubs like Enactus, online B-schools keep students interacting in discussion boards and team projects via web conferencing. Online programs can better accommodate unpredictable shift changes and business travel. Foreign students may graduate from an American online college without applying for an F-1 visa. Limitless location access means online international business master’s have more diverse post-grads sharing their perspectives. Financial aid also remains available for reducing the cheaper price of online study further.
Which Careers Open With International Business Master’s Online Degrees?
Pairing an online master’s in international business with hands-on global market experience would unlock virtually all upper-level administrative careers in the corporate sector. Graduates can tout their career specialization by pursuing several industry certifications. For instance, the HR Certification Institute offers the Global Professional in Human Resources (GPHR) title to international professionals who’ve passed a three-hour, 140-question exam. The Chartered Global Management Accountant (CGMA) credential from the American Institute of CPAs requires 150+ credits for multinational finance expertise. International trade employees could become a Certified Global Business Professional (CGBP) after scoring at least 500 on the NASBITE International exam. Here are four example job descriptions that online international business master’s graduates qualify for:
Import/Export Coordinator- Logistics courses in international business online master’s programs are suitable for import/export coordinators to improve commerce’s supply chain around the globe. The Census Bureau shows that foreign trade accounted for $3.62 trillion in 2017, so coordinators need to confirm client sales, establish invoice pricing, schedule shipments, file for customs entry, track cargo progress, and address transit problems.
International Economist- Requiring a master’s degree, international economics jobs are available at agencies like the World Bank and U.S. Department of Treasury for studying the global market’s production and distribution. Assigned tasks include researching fiscal trends, analyzing statistical data, forecasting economic downturns, presenting conclusions to business or government executives, and publishing in journals, such as Economic Modeling.
Management Analyst- Ranked the #10 best business job by The U.S. News & World Report, management analysts are self-employed consultants hired by multinational companies to enhance operational efficiency across borders. Under executive direction, their responsibilities include studying organization systems, conducting cost-benefit analyses, presenting recommendations to streamline, and implementing approved changes.
Chief Diversity Officer- Twenty percent of global Fortune 500 corporations, such as Microsoft and Airbnb, welcome Chief Diversity Officers into the C-Suite to establish inclusive policies for racial, gender, age, and LGBT equality. International business backgrounds could help CDOs promote a culturally-sensitive workplace, produce diverse candidate pools, intervene against discrimination, and educate executives on ethnic differences.
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How Much Do Online Master’s in International Business Graduates Make?
Cheap online international business master’s offerings are good investments because earnings potential rises much higher than the median master’s salary of $69,732 on SmartAsset. Across fields, management occupations profiled by the Bureau of Labor Statistics grant an average annual wage of $100,790. Industrial production managers and facility managers earn slightly less at $97,140 and $90,050 respectively on average. International finance managers bring home mean pay of $121,750. Sales managers are compensated a median income of $117,960. Banking managers see average revenue of $132,873 themselves. International brand managers can expect median yearly payment of $112,024. Salary.com reports that top international executives, including CIOs, score average profits of $339,764 annually.
What is the Job Outlook After Master’s in International Business Online Programs?
In October 2017, the International Monetary Fund reported above-average GDP growth of 4.9 percent for emerging markets and 3.7 percent worldwide. According to Poets & Quants, eight in 10 surveyed corporations expect to hire MBA and specialized master’s graduates this year. One of the fastest-growing business jobs is operations research analyst where 27 percent growth is forecasted by 2026. The Bureau of Labor Statistics predicts management demand to increase by 9 percent for 878,300 U.S. jobs. High growth of 19 percent in finance, 11 percent in construction, and 10 percent in public relations is expected. Finishing an inexpensive online master’s in international business can fly you toward administrative openings from China to Germany and Brazil.
See also: Top 25 Doctoral Programs in Business