Online MBA programs are flexible, accessible, and perfect for working adults who want to earn a stellar credential that qualifies them for more significant professional opportunities. But there’s a problem. Many top online MBA programs are relatively expensive, especially since most students attend universities from out-of-state and must pay higher tuition costs.
However, there are plenty of affordable MBA programs that you can take online! You simply need to know where to look. Let’s break down 15 of the most affordable online MBA programs. You can find each of these programs via GetEducated.com, and check out each school or program’s page for more information! Tuition rates for each school shown below are the yearly cost.
The 15 Most Affordable Online MBA Programs
1. University of the Cumberlands – Master of Business Administration
Cost per credit: $315
The University of the Cumberlands offers one of the cheapest online MBA programs ever, with tuition averaging less than $6,000 per year. When students attend this program, they’ll complete classes covering a wide range of business topics, including managerial accounting, leadership and management, and understanding current business issues and trends.
The program is an excellent resource for aspiring business leaders since all students have access to knowledgeable advisors. In addition to personal work, students will also complete group projects, examine case studies, and undertake other challenging assignments. Such work prepares students for the competitive business workplace.
The International Accreditation Council accredits the program. The Southern Association of Colleges and Schools Commission on Colleges accredits the university. Applicants must have a 2.5 GPA or higher to apply. It would help to have a resume with some business experience to maximize your chances of acceptance.
2. William Woods University – Master of Business Administration/Master of Health Administration
Cost per credit: $400
William Woods University’s online MBA program is a dual degree program that combines a traditional MBA curriculum with a Master of Health Administration (MHA). Therefore, it’s a perfect choice if you want an affordable route to becoming a hospital administrator or holding other managerial positions in healthcare.
You can complete both of the above degrees simultaneously, cost-effectively, and time-efficient. You need 36 credit hours for the MBA program plus another 24 credit hours for the MHA program. By the end, graduates will have a solid background and lots of learned skills in their appropriate course materials, including but not limited to:
- Managerial Ethics
- Business Management and Leadership
- The Legal Elements of Healthcare Management and Administration
The MBA/MHA program is 100% online. The Higher Learning Commission accredits the university. The Accreditation Council for Business Schools and Programs accredits the program. Note that students need a 2.5 GPA or above to be accepted, in addition to official college transcripts.
3. University of Central Arkansas – Master of Business Administration
Cost per credit: $325
The University of Central Arkansas’s online MBA program is an excellent degree for students who wish to concentrate in a specific area. By the end, students must declare and complete a core competency in an area such as operations management, strategic management, or accounting. Elective classes include Taxation, Business Intelligence, and Entrepreneurial and Small Businesses.
Online students gain access to many other benefits, including direct access to faculty and advisers. Other advantages include technical assistance, career services, and flexible class scheduling options. Some students complete the program in less than two years, depending on their past class credits or concentration.
Applicants need a GPA of 2.7 or above along with some business experience. Students must also submit a Statement of Purpose as part of their application. The AACSB International accredits the program, which is 100% online.
4. Texas Tech University – Master of Business Administration
Cost per credit: $194
Texas Tech University’s Rawls College of Business provides an affordable online MBA program. Students can usually attend for less than $10,000 a year. The AACSB accredits the program, ensuring that all graduates become future business leaders in their fields.
Every course is 100% online and asynchronous, meaning you can complete your coursework according to what works for your schedule. On top of that, you have the choice to complete the program either full-time or part-time. The courses cover Financial Management, Business Leadership and Ethics, Managerial Accounting, and Strategic Business Management.
Should you desire to focus your studies, you can choose a concentration. Available concentrations include Information Technology, Marketing Analytics, Healthcare Organization Management, and more. On top of that, Texas Tech University offers a variety of business administration credentials and certificates. These credentials are excellent opportunities to maximize your chances of being hired, as they hold great value to employers.
5. Fitchburg State University – Master of Business Administration/Human Resources Management
Cost per credit: $275
Fitchburg State University’s online Master of Business Administration degree is a specialized program opportunity. It focuses on human resources management. Students interested in becoming an HR manager, affirmative-action officer, or payment manager choose this program for its specialization. Its course material emphasizes ethics, business leadership, and human resources topics.
Graduates will be ethical decision-makers and sensitive to cultural diversity. Furthermore, they will be aware of broad world markets and how those markets affect modern businesses in the US and beyond. Thus, graduates are well-prepared for leadership or HR positions in international firms. Other topics explored during the program include recruitment, risk management, employee training, development, etc.
The International Accreditation Council for Business Education accredits the program, which is 100% online. Students must have a 2.8 GPA or above. However, students don’t necessarily need a great score on the GRE/GMAT to be accepted.
6. Oklahoma State University – Master of Business Administration
Cost per credit: $481
Oklahoma State University offers an entirely online MBA. As with many other online MBA programs, the same faculty members who teach the on-campus in-person classes instruct the online courses. Thus, all students gain access to the same rigorous course materials as in-person students. The online graduate degree is available in both full-time and part-time schedules.
This online MBA program is noteworthy since the faculty takes a teamwork approach to most courses. Indeed, all online students progress with a cohort of fellow students. Students learn the materials with the same MBA students from start to graduation. However, this does limit one’s application opportunities, so keep this in mind.
The emphasis on teamwork ensures that graduates know how to work with diverse teams and lead others in their fields. Applicants must pass the GRE or GMAT to be accepted. AACSB International accredits the program, and the Higher Learning Commission accredits the school overall.
7. Mississippi State University – Master of Business Administration
Cost per credit: $300
Mississippi State University offers an online Master of Business Administration program. This flexible degree opportunity doesn’t have a specific focus but covers a wide range of business and management or leadership concepts. Throughout the program’s duration, you build a core foundation of knowledge in topics like management, industrial engineering, finance, economics, and marketing.
The program is also well known for its other benefits. These include access to student advisors, the ability to take the program either partly online or wholly online, and its innovative approach to integrating technology concepts with classic business management topics. It’s very much a modern MBA degree for modern business professionals.
The institution paces the program, so it’s not as flexible as other online MBA degrees. Still, its academic rigor is well worthwhile, as AACSB International accredits the program. All applicants must have a bachelor’s degree and good scores on the GRE/GMAT to be accepted.
8. Texas A&M University Kingsville – Master of Business Administration
Cost per credit: $302
Texas A&M University’s Kingsville branch offers an online MBA for working professionals who need extra schedule flexibility. Despite the focus on student flexibility, the program is very comprehensive. It covers many essential course topics, ranging from accounting to marketing and management to information systems and analytics. The degree prepares students for business management positions in fields like IT, finance, and so on. Additional elective coursework is also available to specialize or concentrate the degree received.
AACSB International fully accredits the program. Experienced faculty members who teach similar or identical courses at Texas A&M’s campuses lead the online courses. Furthermore, the program has generally small class sizes. This maximizes collaboration and teamwork opportunities and ensures that you get enough focus and attention from professors.
You need a bachelor’s degree and good GRE/GMAT test scores to apply.
9. Lamar University – Master of Business Administration/Financial Management
Cost per credit: $331
Lamar University’s MBA is 100% online and concentrates on financial management. This blended business leadership and online finance degree are perfect for working adults who want to maximize their employability in finance, IT, and strategic leadership.
The program includes coursework in various essential topics, including investments, risk management, international commerce, and more. By the end, graduates have a solid foundation in managerial decision-making and understand essential business functions. All students graduate prepared to work in corporate environments ranging from insurance companies to brokerage firms.
AACSB International accredits this online MBA program. Students need a bachelor’s degree with a 3.0 or higher GPA to apply. A resume showing business experience and college transcripts are also part of the application requirements.
10. University of Wisconsin Whitewater – Master of Business Administration/Accounting
Cost per credit: $652
The University of Wisconsin Whitewater currently offers an online MBA degree with a concentration in accounting. This makes it a perfect degree for future accounting managers or leaders, especially in finance, IT, and so on. You will be a more competitive candidate once you graduate from this program, as the curriculum covers contemporary and advanced accounting issues.
Courses include accounting foundations, financial management, and technology and information systems. AACSB International accredits the 100% online program. Because of its rigor, students must have 3.0 or higher GPAs when they apply. However, with rare exceptions, students may qualify with extensive business or accounting experience.
11. Northeastern State University – Master of Business Administration/General Management
Cost per credit: $292
Northeastern State University offers an online MBA with an emphasis on general management. As a versatile and flexible degree, it prepares you for many business leadership positions. Perhaps more important, it can be completed in less than two years if you commit to the program full-time.
However, it can also be completed in two years or even longer, depending on your needs.
The program offers core business and administration courses in project management and business law. The Accreditation Council accredits the program for Business Schools and Programs. You must have a 2.5 or higher GPA in addition to the recommendation or reference letters to be accepted.
12. Missouri State University – Master of Business Administration
Cost per credit: $320
Missouri State University’s online MBA is a cohort-style degree program. This means all online students progress through the material simultaneously with the on-campus students. Application windows are limited, so you should plan to apply ahead of time. If accepted, you will learn a variety of core business courses and electives with your in-person counterparts. These include business leadership, finance management, marketing, and more.
Furthermore, this online MBA program emphasizes communication skills and leadership tactics. You learn to lead others and communicate with diverse teams with varying viewpoints. In the end, graduates can lead diverse teams in the real world at firms across industries.
AACSB International accredits the program overall. You need good scores on the GRE/GMAT to be accepted. Applicants also must submit a resume with some business experience for acceptance into the program.
13. The University of Texas Permian Basin – Master of Business Administration
Cost per credit: $370
The University of Texas Permian Basin’s online MBA degree is an affordable and top-tier choice. It’s one of the best online MBA programs for working professionals who need a flexible online program.
Each course is eight weeks in length and 100% online and asynchronous. This program is ideal for those who need time constraints to complete their tasks. The program improves strategic thinking skills, executive communication techniques and deepens one’s understanding of economics, financing, marketing, and accounting.
As a robust online MBA degree, this program teaches you to synthesize business functions across complex organizations. You also learn to lead companies in the global marketplace. The Southern Association of Colleges and Schools Commission on Colleges accredits the university. To apply and be accepted, you need a GPA of 2.5 or above. However, some applicants with business experience may be able to waive this requirement.
14. Sam Houston State University – Master of Business Administration
Cost per credit: $320
Sam Houston State University is another affordable higher learning school in Texas. Its online MBA program is a versatile and flexible degree choice, emphasizing the synthesis of several different business-related disciplines. Rather than having a concrete focus, this MBA is ideal for those who see themselves in leadership or management positions in various industries over the coming years.
It’s also an excellent degree program if you want to pursue a doctoral degree in business sometime in the future. Regardless, the program may be completed at an accelerated pace in four semesters, although most complete it in two years. Thus, this could be a great online MBA if you want something affordable and fast (as long as you can devote a lot of time to it).
To apply, you need a 2.75 GPA or above. However, suppose you have a good GMAT score or a lot of professional experience in business positions. In that case, you might still be accepted to the program even if your GPA is below 2.75.
15. Fort Hays State University – Master of Business Administration/Digital Marketing
Cost per credit: $350
Fort Hays State University offers an excellent online MBA program that includes a focused concentration in digital marketing. As a result, it’s a perfect degree for students who want to work primarily in digital marketing or help businesses succeed in e-commerce.
Say you are not much of a technical guru. This online MBA could still be a great idea. Even primarily brick-and-mortar businesses need an online presence these days. Therefore, this MBA with a concentration in digital marketing could be a significant credential to maximize your employability.
Specifically, this online MBA teaches you to work as search engine marketing experts, online customer service professionals, and social media strategists. Since it’s an MBA, it also includes plenty of course material on management and leadership, enabling graduates to oversee teams of other individuals in their companies.
The program’s many benefits include regular access to advisors and flexible course scheduling. The Higher Learning Commission accredits this program. It requires passing the GRE or GMAT to qualify.
Find Your Online MBA Program Today!
As you can see, the cost of college doesn’t have to prevent you from attending an outstanding online MBA program. Any of these options could be a practical choice if you want to save some money but still earn a master’s degree in a subject like business administration.
Don’t forget to check out the rest of GetEducated’s online schools and program breakdowns. We’re here to help you find the ideal online educational pathway for your needs!