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.
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:
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.
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.
The expert team at OMC followed a methodology in determining the country’s most affordable online MBA programs. This methodology included these vital factors:
Considering all these factors, here are the top 25 affordable online MBA programs:
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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:
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
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.