Affordable Online MBA Programs
Online MBA programs are very popular, and tens of thousands of students enroll in business schools for an online MBA program each year. But affordability is a key factor when choosing the right master of business administration program. According to Investopedia, an on-campus MBA program’s average cost can be between $100,000 to $200,000. 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.
What are the Most Affordable MBA Programs Online?
An online master can be an expensive pursuit. Therefore, while doing a school search for the best online MBA programs, it is imperative to find trusted partner programs that are affordable, yet offer the same quality as more expensive offerings.
Here is a list of the most affordable MBA programs online:
- Fitchburg State University
- Texas A&M University, Kingsville
- Fayetteville State University
- Albany State University
- Georgia Southwestern State University
- Cameron University
- Wayne State College
- Tarleton State University
- Valdosta State University
- The University of Texas of the Permian Basin
- West Texas A & M University, Canyon
- Arkansas State University
- University of Central Arkansas
- Southern Arkansas University
- Missouri State University
- Southeast Missouri State University
- Georgia College & State University
- University of Nevada, Reno
- Wichita State University
- Oklahoma State University
- University of North Texas
- University of Nebraska, Lincoln
- Eastern New Mexico University
- Western Illinois University
- Union College
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, as well as for experienced business professionals who wish to advance their careers in the world of business administration. All online MBA degrees help students gain holistic business skills in a variety of areas and graduate with the ability to make informed decisions, 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 several different formats, such as entirely on-campus, entirely online, and hybrid, all of which can prepare students to take on a plethora of careers upon successfully earning a degree and becoming MBA graduates.
Which is the cheapest online MBA program?
There are several advance collegiate schools of business that offer affordable MBA online degrees. The cheapest one that offers a good online MBA program is Fitchburg State University.
FAQs about Affordable Online MBA Programs
Here are a few questions prospective students and experienced business professionals frequently ask about an affordable online MBA program:
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 a graduate master business strategy, and enable them to make data-driven business decisions. MBA graduates generally advance in their careers as business professionals and command higher pay packets as well. Read more about why an online MBA degree is of immense value, here.
How do I pay for affordable online MBA programs?
Many advance collegiate schools of business generally offer some kind of financial assistance for their master of business administration program students. However, there is also plenty of outside financial assistance that is available to MBA students. Read more about financial assistance on the best Financial Aid guide.
Do employers value affordable online MBA programs?
Yes, the most affordable online MBA programs are just like any other master of business administration program, with similar faculty and core courses. But advance collegiate schools of business offer these programs at affordable tuition fees for various reasons. Most employers only look for MBA graduates that went through MBA programs that are accredited and do not consider whether the program was an affordable MBA or not.
Do the universities that offer these affordable online MBA programs maintain high standards in the programs?
Yes, the universities that offer the most affordable online MBA programs in this guide maintain high standards. They offer the same core courses and overall quality as their expensive counterparts. OMC has undertaken a thorough school search and carefully taken the program quality and program reputation into account, before ranking these most affordable online MBA programs and advance collegiate schools of business.
What are the admission requirements for affordable online MBA programs?
The admission requirements for MBA students at business schools that offer affordable MBA online programs vary based on the school of business. But generally, most online MBA programs requirements include some common ones like:
• Undergraduate degree
• Letters of Recommendation
Are affordable online MBA programs accredited?
Yes, all the affordable MBA online programs mentioned in this guide are accredited programs. Although the main criteria considered was affordability, the OMC team has also weighed in other important factors such as accreditation, quality of programs, and trusted partner programs while picking the best online MBA programs and online colleges.