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Online Master’s degree in Management
Introduction
Online Masters in Management Programs
Best Programs
Online Masters in Management Programs Affordable
Affordable Programs
Online Masters in Management Programs
Program Details
One Year Online Masters in Management Programs
One Year
How To Pay
How to Pay?
FAQ Online Masters in Management Programs
FAQ
Career in Online Masters in Management Programs
Careers & Salaries
license
Licensing
Online Masters in Management Programs Resources
Additional Resources

Online Masters in Management

Online Masters in Management Programs

Many students and professionals reach a point where they want to look for growth into a leadership position. And ask themselves if they are ready to advance to a well-paid management position. Earning an online master’s in management can take you to an elite role with leadership, human resources, project management, and healthcare administration expertise. The US Bureau of Labor Statistics found that professionals holding a master’s degree earn $300 per week over graduates with only a bachelor’s degree. Graduate degrees are expensive, but this guide is about finding an affordable Masters in Management degree program that offers high-quality preparation for the competitive business world. We’ve ranked the best online MIM programs based on affordability and academic excellence, and we’ve compiled a list of specialization options.

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Featured Online Programs

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Best Online Masters in Management Programs

Online Masters in Management Programs Best Seal

It’s easy to get tangled up in your comprehensive search for the best online master in management. Using a custom methodology, we have evaluated many of the upper-echelon programs to compare their tuition, student services, accreditation, program excellence, business-school reputation, faculty honors, and graduation rates.  Here are the best Masters in Management programs:

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College Name & Address Tuition Graduation Rate
#1
University of Florida
Tigert Hall, Gainesville, Florida 32611
$10,77088%
#2
Harvard University
Massachusetts Hall, Cambridge, Massachusetts 02138
$49,44897%
#3
Pepperdine University
24255 Pacific Coast Hwy, Malibu, California 90263
$36,20086%
#4
Michigan State University
East Lansing, Michigan 48824
$18,85881%
#5
George Washington University
1918 F Street, NW, Washington, District of Columbia 20052
$31,77082%
#6
Stevens Institute of Technology
Castle Point On Hudson, Hoboken, New Jersey 07030
$37,41485%
#7
Indiana University, Bloomington
107 South Indiana Ave., Bloomington, Indiana 47405
$9,78679%
#8
Quinnipiac University
Mt Carmel Ave, Hamden, Connecticut 06518
$19,35077%
#9
The University of Alabama
739 University Blvd, Tuscaloosa, Alabama 35487
$10,78071%
#10
University of Texas, Dallas
800 West Campbell Road, Richardson, Texas 75080
$14,56070%
#11
Embry-Riddle Aeronautical University, Daytona Beach
1 Aerospace Blvd., Daytona Beach, Florida 32114
$18,22862%
#12
Robert Morris University
6001 University Boulevard, Moon Township, Pennsylvania 15108
NA65%
#13
Webster University
470 E Lockwood Ave., Saint Louis, Missouri 63119
$13,50058%
#14
University of Colorado Denver
1380 Lawrence Street, Lawrence Street Center, Suite 1400, Denver, Colorado 80217
$6,78652%
#15
University of St. Francis
2701 Spring St, Fort Wayne, Indiana 46808
$11,44855%
#16
Liberty University
1971 University Blvd, Lynchburg, Virginia 24515
$7,93547%
#17
Texas A & M University, Commerce
2600 South Neal Street, Commerce, Texas 75428
$3,63043%
#18
Southern New Hampshire University
2500 North River Road, Manchester, New Hampshire 03106
$18,81044%
#19
National University
11255 North Torrey Pines Road, La Jolla, California 92037
$15,48029%
#20
Florida Institute of Technology Online
150 West University Blvd, Melbourne, Florida 32901
$16,128NA%

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

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Most Affordable Online Masters in Management Programs

Online Masters in Management Programs Affordable Seal

Affordability is a primary concern in a school search. The average cost of an accredited master’s program is $40,000. If you attend a prestigious business school, tuition can top $100,000. Are you looking for a cheap online masters in management offering a top-notch education? We’ve done the homework for you and compiled the list of the most affordable online masters in management programs. Here is the list:

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College Name & Address Tuition Graduation Rate
#1
Middle Georgia State University
100 University Parkway, Macon, Georgia 31206
$3,58223%
#2
Texas A & M University, Commerce
2600 South Neal Street, Commerce, Texas 75428
$3,63043%
#3
Fort Hays State University
600 Park St, Hays, Kansas 67601
$3,72643%
#4
Chadron State College
1000 Main St, Chadron, Nebraska 69337
$4,18545%
#5
Tarleton State University
1333 W. Washington, Stephenville, Texas 76401
$4,24849%
#6
Southeast Missouri State University
One University Plaza, MS2025, Cape Girardeau, Missouri 63701
$5,37350%
#7
American Public University System
111 W Congress St, Charles Town, West Virginia 25414
$6,66040%
#8
University of Colorado Denver
1380 Lawrence Street, Lawrence Street Center, Suite 1400, Denver, Colorado 80217
$6,78652%
#9
Amberton University
1700 Eastgate Dr, Garland, Texas 75041
$6,840NA%
#10
Liberty University
1971 University Blvd, Lynchburg, Virginia 24515
$7,93547%
#11
University of Maryland, University College
3501 University Blvd East, Adelphi, Maryland 20783
$8,64015%
#12
Minot State University
500 University Ave W, Minot, North Dakota 58707
$8,73145%
#13
Peru State College
600 Hoyt Street, Peru, Nebraska 68421
$9,12034%
#14
Indiana University, Bloomington
107 South Indiana Ave., Bloomington, Indiana 47405
$9,78679%
#15
University of Florida
Tigert Hall, Gainesville, Florida 32611
$10,77088%
#16
University of Alabama
739 University Blvd, Tuscaloosa, Alabama 35487
$10,78071%
#17
Thomas Edison State University
111 W State St, Trenton, New Jersey 08608
$12,024NA%
#18
Webster University
470 E Lockwood Ave., Saint Louis, Missouri 63119
$13,50058%
#19
Strayer University
5110 Auth Way, Suitland, Maryland 20746
$14,94010%
#20
Michigan State University
East Lansing, Michigan 48824
$18,85881%

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

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Understanding Online Masters in Management Programs

Students need to fully understand the online masters in management programs before signing up. These programs can get complex and overwhelming if students don’t make a plan. The first step in this process is to know about the master’s in management course details. In this section, we will dig deep into the online masters in management programs.

Online Masters in Management Degree Types

There are three major online Masters in Management degrees to consider: MS, MA, and MBA. Each qualifies you as a manager, but there are major differences between the three. To help you decide the ideal course for a management career, we’ve distinguished the programs with Masters in Management course details and focus:

MS in Management

The online MS in Management is the gold standard for students who plan on various industries’ leadership roles. Unlike the MA, the MS degree offers a greater variety of concentrations in management studies. It is not a terminal degree, meaning graduates may earn a doctorate if they choose. Studies traditionally culminate in a thesis or Capstone project.

MA in Management

MBA in Management

The MBA in Management is a one to a two-year degree (full-time) designed for business professionals who want to take their existing career into the realm of executive, supervisory, and management roles.  This management MBA is different from generalist MBAs in that it concentrates on the leadership of finance, human resources, marketing, and personnel leadership. Find out more about this degree on our MBA page.


Specializations in Online Masters in Management Programs

Today’s online Masters in Management degree programs combine a series of core classes with coursework in a management specialization.  You can choose your degree concentration based on the sector where you plan to practice. Find more details on our organization leadership page.

Healthcare Management Strategy and Leadership  Graduate students learn about managing healthcare systems and services. Courses cover economic principles and decision-making  strategies, healthcare practices, and terminology. Learn the techniques for leading healthcare organizations’ accounting and financial functions.
Project ManagementThis Masters in Leadership online specialization features studies in project planning and evaluation, cost estimating and control, human resources skills, and financial contracts and procurements.
Marketing Management  Develop management strategy and leadership in creating marketing strategies to lead your team in promotions and sales. Conduct market research, explore the competitive landscape, and choose the right avenues for print and broadcast ads, press releases, multimedia, and digital communications.
Management Information Systems  This specialization in the Masters in Leadership online combines advanced IT skills with best-practice management strategies. Learn to organize and prioritize technical initiatives to see them through to completion.

Curriculum and Skills Gained in Online Masters in Management Programs

By graduation day at your online Masters in Management program, you’ll have a leadership toolkit that serves well incorporate or non-profit management professions. Through online classes and required projects, students learn critical skills in project management, business communications, human resource leadership, accounting, and change management strategies. Here’s a sampling of Masters in Management courses:

Masters in Management CoursesDescription
Project managementStudents learn the specific skills specific to project management, including financial allocation, cost models, quality and risk management, change orders, and implementing best-practice solutions.
Human resource managementThis advanced course explores the strategic planning process for recruiting, training, evaluating, and retaining employees. Includes examination of leadership ethics and HR policies.
Innovative leadershipThis course covers topics including effective leadership, organizational behavior, implementing change, and project management.
Statistics for decision makingBusiness students learn the strategic methodologies for gathering data, interpreting results for the management, and examining trends.
Management capstoneAs a final project, students create an e-portfolio of their work, illustrating the skills and knowledge they have mastered. The presentation includes the application of their skills in a real-life business problem.

Accreditation for Online Masters in Management Programs

When a business school gains national or regional accreditations, it means you’ll receive a program that complies with educational guidelines for a thorough and quality MIM education. If students fail to attend accredited management courses, they become ineligible for federal financial aid. They may also be prohibited from earning professional certifications or enrollment in continuing education. Learn more about accreditation.

Here are some national organizations that provide business school accreditation:

Accreditation Council for Business Schools. Universities and business schools may seek voluntary accreditation from the ACBS that evaluates teaching excellence and continuous efforts to improve accredited management courses. Founded in 1988, the ACBS currently accredits more than 1,200 programs in 60 countries.

The Association to Advance Collegiate Schools of Business (AACSB International). The AACSB accredited institutions include private and public schools offering business degrees from the associate to the doctorate. To date, AACSB currently accredits nearly 900 business schools.

Here are the six regional accreditation organizations:


Timeline for graduation from Online Masters in Management Programs

The total time it takes to complete the online Masters in Management is governed by several variables. The time to graduation is based on the total number of required credits and whether they attend a full- or part-time schedule. There may be prerequisites that must be completed before accruing program credits. In most cases, earning the MIM will require two years. Depending on the requirements and the student’s availability, the degree may take from 1.5 to 4 years. There are ways to shorten the duration. For example, full-time online students might take more courses per term than the recommended course load.

For students pressed for time, accelerated programs are available to be completed in a year (see below).


Online Masters in Management Programs Admission Requirements

Admission requirements can vary from school to school. Typically, applicants must satisfy the general requirements established by the graduate school. They must also address any business division requirements offering the online Masters in Management, including any prerequisite courses. Here a glance at the most-common entrance requirements for the degree program:

Academic transcriptsSubmit official transcripts for each undergraduate or graduate course you have completed. Applicants should have maintained a 3.0 GPA or higher.
Personal statement The personal statement may be called an application essay. It should cover your career aspirations, educational goals, and why their particular program is best for you.
Current professional resumeThe business school wants to know about your experience and why it’s relevant to the online Masters in Management. Students may receive class credit or waivers for taking GRE/GMAT exams with a powerful resume.
Professional recommendation lettersTwo to three letters may be required. They should come from professors in your previous schooling that attest to your academic promise. Letters from employers may also be acceptable.
GMAT/GRE scores  University guidelines require some programs to require graduate testing scores. The GMAT is the preferred entrance exam for this major. Many schools will waive the graduate exams if the applicant’s prior degree, related work experience, and other application documentation demonstrate aptitude.   Learn more about the GRE and GMAT.
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One Year Online Masters in Management Programs

The duration for completing the degree and returning to the workforce is a concern for some students. The one-year online Masters in Management is an accelerated degree option. The university and the program are accredited, yet the total number of hours required for graduation may be lower than at traditional online Masters in Management programs. To complete the program, online students must be dedicated to keeping up with rigorous, accelerated studies. Often, students can customize their curriculum to focus on career advancement, career change, and entrepreneurship. Here are some one year online masters in management programs:

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How to Pay for Online Masters in Management Programs

Graduate school is expensive. However, there are substantial private and Federal Student Aid packages for graduate students, including subsidized public loans. In seeking loans, students enrolling in an online Masters in Management should budget accurately and borrow wisely. Forbes Magazine reports that the 2020 student debt balance was $1.56 trillion. The financial aid process for fellowships, grants, loans, and graduate assistantships begins when you complete the Free Application for Federal Student Aid (FAFSA).

Let’s explore your financial aid options, one by one:

Online Masters in Management Programs

Scholarships

Both non-profit associations and private organizations offer scholarships, as do universities and business schools.Scholarships are awarded based on academic performance and student need. They do not need to be paid back.

Grant

Grants

Students can apply for grants from the federal government, from the state, or from the university they attend. This gift-based financial aid does not need to be repaid.

Online Masters in Management Programs

Student Loans

The US Department of Education’s federal student loan program offers four kinds of loans, subsidized and unsubsidized. There are also private loans from banks and credit unions. Students need to pay all loans back — plus interest — upon leaving the university.

Online Masters in Management Programs

Federal Work-Study

This federal program allows grad students to tacklepart-time jobs in their field while in school. Many institutions don’t support their students in working at the campus or off-campus jobs while studying.

Online Masters in Management Programs

Employer Reimbursed Tuition

Tuition reimbursement may be available from your employer. These are incentives to assure you will remain with the employer for a specified amount of time. It’s an investment in your advanced education. Most plans require students to pay for and complete their program before the firm offers repayment.

Get detailed information on how to pay for your online Masters in Management on the Best Financial Guide.


Scholarships for Online Masters in Management Students

Scholarships are available to pay for all or part of the total tuition for an Online Masters in Management. They may be offered based on academic achievement or potential. The best part is that you don’t have to repay your scholarship. They are awarded by professional management organizations, individual universities, and business degree programs at your university. Here’s a sample of the management scholarships out there:

Scholarship

Alpha Kappa Alpha Graduate Scholarships

Who Can Apply:  The AKA Scholarships are granted for one year, and selection is based on academic merit and financial need. Applicants must be enrolled in a graduate program on a full-time basis and have a community involvement record. Amount: $2,500.

scholarship

Goldberg-Miller Public Finance Scholarship

Who Can Apply: Open to full-time graduate students with a demonstrated commitment to management in the public sector. The Girard Miller Foundation has funded this scholarship since 1985. Amount: up to $20,000.

scholarship

Innovision Imaging, Inc. Scholarship

Who Can Apply: Open to students pursuing a master’s degree in areas related to health informatics or health information leadership. The AHIMA Foundation sponsors it. Preference goes to grad students specializing in the management of internet marketing. Amount: $2,000.

scholarship

NSHMBA/HSF Scholarship

Who Can Apply: Applicants must be of Hispanic background and be a graduate management major at an accredited university. The Hispanic Scholarship Fund (HSF) offers $30 million in scholarships per year.  Amount: Varies, $1,500 to $10,000.

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FAQs about Online Masters in Management Programs

Q: What does an MSM degree stand for?
A:The accredited, online Master of Science in Management (MSM) degree focuses on developing leadership skills for students who have earned a bachelor’s degree. Concentrations in the curriculum allow students to concentrate on the industries that most-appeal to them. An MSM differs from an MBA degree and is more suitable for students preparing to enter the management profession.
Q: How much does the online MSM cost?
A:Many factors influence the cost of the degree. Private schools tend to charge higher tuition than public universities. Part-time students may pay more because the total time to earn the degree is extended. Our research shows that the total cost of the degree ranges from $15,000- $40,000.
Q: How long does it take to get an MSM degree online?
A:Each university that offers an online MSM program has different program requirements. The length of time to graduate varies based on the total credits required and whether they attend a full or part-time basis. Typically the MSM takes from one to two years to complete.
Q: Is an MSM different from an MBA?
A:Yes. The MSM is designed for students just entering or transitioning to a management career. The MBA is for experienced professionals who want to advance their skills for C-level roles of entrepreneurship.
Q: Is an MSM degree online worth it?
A:As with many advanced degrees, the value of earning an MSM depends on your career goals and desire to advance in your profession. The benefits can add up throughout your career. For instance, the degree can lead to wider career options, employers’ preference, and a rise to leadership roles and corresponding earnings.
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Careers and Salary Outlook for Online Masters in Management Graduates

Master of Management career opportunities looks promising. Per the US Bureau of Labor Statistics, national employment in all management occupations is predicted to increase by 5 percent, 2019 – 2029, creating 505,000 new jobs. We have compiled four popular career options based on the MSM professional title, median annual salaries, and job outlook.  Growth rates for the following four Master of Management career opportunities are higher than the projected growth rate for all American professions in the decade:

OccupationMedian Annual SalaryJob Growth (2018-2028)Job Description
Financial Managers$129,89015%Financial managers are responsible for growth and profits in private enterprises. They create income projections, financial strategies, and investments.
Advertising, Promotions, and Marketing Managers$135,9006%Advertising, promotions, and marketing managers develop and analyze corporate business campaigns to compete in the marketplace and boost earnings.
Medical and Health Services Managers  $100,98032%As the fastest-rising group in the management field, medical and health managers plan and oversee the financial programs for hospitals, group medical practices, clinics, and nursing homes.
Computer and Information Systems Managers (IT)  $146,36010%Information technology managers hold a supervisory position. They plan and implement hardware and software solutions to solve business problems.

Source: US Bureau of Labor Statistics

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Certifications and Licensing for Online Masters in Management Graduates

Beyond graduation, working managers can increase job opportunities or advance into leadership roles by obtaining a voluntary MSM certification. Certifications are available from professional organizations that measure your education and skills in your specialty. There are no licenses required for the profession except for those who work as personal financial or insurance advisers.  These are common certifications held by managers:

  • Project Management Professional.  The PMP acknowledges the qualities and qualifications for project leadership. The Project Management Institute that offers the certification exams says those holding the credential can earn at least 25% higher than those without the certification.
  • Healthcare Administrative Management (AAHAM). The AAHAM certification is offered by the Association of Healthcare Administrative Management and designed for strategic healthcare managers. Credentials are for Certified Revenue Cycle Specialist (for beginning managers) and the Certified Revenue Cycle Executive.
  • AMA Certified Professional in Management. The American Management Association offers test preparation and exams to earn an AMA certification. The AMA reports that the certification can increase a manager’s role and higher earnings and separates job seekers from those who do not hold the credential.
  • Financial Risk Manager (FRM®). The FRM is among the top credentials for risk-management professionals the world over. The FRM attests to your skills in analyzing and mitigating risks in a bank or corporate setting.
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Additional Resources for Management Professionals

There are abundant resources that can support your degree work toward an Online Masters in Management. These include professional management associations that offer student memberships. They offer research resources, publications, conferences, and certifications. At the same time, management organizations serve the interests of professionals who are already working. Some organizations offer job boards and employment assistance. One of the most-indispensable features of the association is the opportunity to network with fellow students, mentors, and potential employers. Here are some examples of organizations that support students and managers in healthcare, finance, marketing, and human resources:

  • American Association of Healthcare Administrative Management (AAHAM): AAHAM serves the medical management community with courses, advanced certifications, and financial leadership information for the healthcare industry. Specialties are in the revenue cycle, data management, reporting, and compliance.
  • American Management Association: Founded in 1923, the AMA provides coursework, continuing education, and the AMA Certified Professional in Management credential.  Resources include news, white papers, and articles. Online Masters in Management students can explore skill assessments, women leadership programs, and association events.
  • American Marketing Association: Since 1953, the American Marketing Association provides members with 30% discounts on certification exams. Find the latest industry news, upcoming conferences, continuing education, research publications, and live webinars.
  • National Human Resources Association (NHRA): The NHRA, founded in 1951, is focused on leadership training/mentoring, career planning, and skills development for human resource managers.  Members have access to a career services database, job board, and professional networking (a key need for Online Masters in Management students).
  • PHR® Professional in Human Resources: The HR Certification Institute offers the PHR to attest to a job candidate’s education and performance in a human resource profession. The certification aids vice presidents, directors, managers, and specialists in HR. You can maintain your certification by completing continuing education credits.
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