Gabby H.
Written By - Gabby H.

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Online MBA programs are very popular, and tens of thousands of students enroll in business schools for an online MBA program each year. However, affordability is crucial when choosing the right master of business administration program. Investopedia says an on-campus MBA program’s average cost can be between $100,000 to $200,000[1]. An online master of business administration program is not any cheaper, either. The tuition fee of online MBA programs is usually very similar to on-campus MBA programs. That said, getting an online MBA degree should not be back-breaking for MBA students, which is why the expert team at OMC has researched hundreds of online MBA programs and created a list of the cheapest online MBA programs in the U.S. This guide covers all there is to know about affordable MBA online programs and lists out some of the cheapest ones offered by top business schools.

Affordable Online MBA
    Programs for 2024

Table Of Contents

Featured Online Programs

Southern New Hampshire University


Southern New Hampshire University is a private, nonprofit, accredited institution with more than 3,000 on-campus students and over 60,000 online students, making us one of the fastest-growing universities in the country. Founded in 1932, we’ve been relentlessly reinventing higher education ever since and have gained national recognition for our dedication to helping students transform their lives and the lives of those around them.

We’re proud to provide affordable, accessible education that students can pursue on our 300-acre campus in Manchester, NH, over our innovative online platform or at our regional centers in Manchester, Nashua, Portsmouth and Salem, NH, and Brunswick, ME.

SNHU has earned the Best Buy and Best of Business – Best Online Degree awards and is consistently ranked as a top Military Friendly® School by G.I Jobs®.

Understanding Online MBA Programs

A good business education program is meant for prospective students who lack too much work experience but want to master business strategy and for experienced business professionals who wish to advance their careers in business administration. All online MBA degrees help students gain holistic business skills in various areas and graduate with the ability to make informed and data-driven business decisions. Online MBA students can choose from a wide range of core courses and focus areas, including but not limited to – international business, project management, healthcare management, marketing management, accounting analysis, financial management, business analytics, business research, global strategic management, management information systems, operations management, strategic management, business statistics, managerial finance, and more. Online MBA degrees can come in different formats, such as entirely on-campus, entirely online, and hybrid, all of which can prepare students to take on many careers upon successfully earning a degree and becoming MBA graduates.

Which is the Most Affordable MBA Program Online?

Several advance collegiate schools of business offer affordable MBA online degrees. Fitchburg State University[2] is the cheapest one that offers a good online MBA program.

Affordable Online MBA Programs – Details

The expert team at OMC followed a methodology in determining the country’s most affordable online MBA programs. This methodology included these vital factors:

  • Affordability
    Affordability does not necessarily mean only lower tuition costs. Low tuition is a significant factor, but affordability at a good college for business administration must also include the availability of potential financial aid options.
  • Online Options
    Some business administration programs can be finished 100% online, while others are hybrid or on-campus. This factor is essential to determine whether the MBA online program is easy.
  • Graduation Rates
    The number of students graduating from these MBA online programs.
  • Program Quality and Reputation
    The MBA online program curriculum and students’ opinions determined the program’s quality and reputation based on its popularity.

Considering all these factors, here are the top 25 affordable online MBA programs:

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1. Fitchburg State University

Fitchburg State University

Fitchburg State University (Fitchburg State) is a public university out of Fitchburg, Massachusetts. Fitchburg State has more than 7,500 students enrolled in various programs. Fitchburg State has a robust online masters programs, including an affordable online MBA program. Fitchburg State’s online MBA program is most affordable because:

  • No GMAT is required
  • Graduation in 12 months
  • Graduation Rate – 58%
  • Tuition Fee – $12,510 (total tuition for online MBA) and $3,186 (average graduate student fee per year)

2. Texas A&M University, Kingsville

3. Fayetteville State University

4. Albany State University

5. Georgia Southwestern State University

6. Cameron University

7. Wayne State College

8. Tarleton State University

9. Valdosta State University

10. The University of Texas of the Permian Basin

11. West Texas A & M University, Canyon

12. Arkansas State University

13. University of Central Arkansas

14. Southern Arkansas University

15. Missouri State University

16. Southeast Missouri State University

17. Georgia College & State University

18. University of Nevada, Reno

19. Wichita State University

20. Oklahoma State University

21. University of North Texas

22. University of Nebraska, Lincoln

23. Eastern New Mexico University

24. Western Illinois University

25. Union College

Source – Integrated Post Secondary Education Data System & University Data
*Tuition rates are for in-state and per year. Program specific rates may apply.
**NA – data not available

FAQs about Affordable Online MBA Programs

Why should I get an online MBA degree?

Pursuing an online MBA program can help prospective students gain holistic business skills in areas such as operations management, managerial finance, international business, organizational behavior, project management, financial management, etc. The knowledge and skills gained from an MBA degree can help individuals master business strategy and enable them to make data-driven business decisions. MBA graduates generally advance as business professionals and command higher pay packets. Read more about why an online MBA degree is of immense value.

How do I pay for affordable online MBA programs?

Do employers value affordable online MBA programs?

Do the universities that offer these affordable online MBA programs maintain high standards in the programs?

What are the admission requirements for affordable online MBA programs?

Are affordable online MBA programs accredited?

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