Best Online MBA Programs, Jobs, and Salary
Do you want to know about the best online MBAs? This guide reviews the online Master of Business Administration (MBA), the best schools with online MBA programs, tuition fees, and common courses covered in online MBA programs.
We also explore the MBA jobs you'll be eligible for after earning an online MBA. An online MBA can open up high-paying career opportunities in supply chain management, business analysis, or project management.
Where can I get an MBA online?
Some of the best schools to earn an MBA online include Arizona State University, Dressel University, Oklahoma State University, and Penn State World Campus. Both public and private universities offer online graduate business programs.
Which schools offer the best MBA degrees?
• Southern New Hampshire University
• University of Arizona
• University of Maryland Global Campus
• University of (Massachusetts Amherst)
• University of Wisconsin
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What are the requirements of admission for the online MBA?
Admission requirements for the online MBA are a bachelor's degree or equivalent education level, and certain GPA, GMAT, or GRE test scores. Some schools require an interview, and most require applicants to include a resume, one or more letters of recommendation, and an admissions essay or personal statement.
If you do not meet the entry requirements for a particular course, you should contact the school's admissions team. Some schools will still admit prospective students who do not meet all requirements.
Online MBA Admission Requirements
- Bachelor's Degree
- GPA, GMAT or GRE Scores
- Official Transcripts
- Letters of Recommendation
- Admission Essay or Personal Statement
How to Earn an MBA
Online You can earn an MBA online by meeting all graduation requirements for your chosen program. This includes completing a specified number of credits, maintaining the minimum required GPA, and completing a capstone project or case study analysis.
Be sure to check the requirements for each program as there may be different graduation requirements depending on the school you choose. Understanding graduation requirements will aid your decision-making process.
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Business Administration Degree Requirements
- Completion of a minimum of 30 to 45 total credits
- Approximately 21 credits in lower level business administration courses
- Approximately 9 credits in advanced business administration courses
- 6 to 10 credits in electives
- Take a capstone course or write a dissertation
Best Online MBA Programs and Schools: Overview
- Arizona State University MBA
- Ball State University MBA
- Drexel University MBA
- Oklahoma State University MBA
- Penn State World Campus
- MBA MA
- Southern New Hampshire University MBA University of
- Arizona MBA University of
- Maryland Global Campus MBA
- University of (Massachusetts Amherst) MBA
- University of Wisconsin-Eau Claire MBA
Best MBA Schools: Top Online MBA Programs
For prospective students, finding a good school with the perfect online MBA program can be challenging. We're here to help with this list of the best schools with online graduate business programs. See below for details on each school, including entry requirements and programme details.
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What is an online MBA?
An online MBA is a very popular academic credential among employers, qualifying you for managerial positions in all industries. An MBA with a specialisation means you have taken additional coursework in a specific field, such as business analysis, marketing or human resources.
An online MBA usually takes about two years to complete and is as rigorous as an on-campus degree. You take exactly same courses just like in-person MBA. The only difference is that classes, tutoring, networking and submission of work are all done online.
Online vs. In-person Business Administration Degrees
Deciding whether an online MBA versus a traditional in-person MBA is right for you can be challenging. Both options have their advantages, however, whichever format you choose, this postgraduate degree will help you land better-paying management jobs.
MBA online programs come with online courses, online resources, communication and job submissions are all online. Most offer flexible schedules, and some offer recorded lessons that you can access at any time. The on-campus version requires you to attend in-person, scheduled classes and activities on campus. You can attend part-time or full-time.
Top 5 Benefits of an Online MBA
• Cost. Online tuition can be cheaper than in-person tuition, and distance learners do not need to travel to and from school.
• Location is flexible. You can take the classes you want, even if you are far from home.
• global vision. Online courses allow you to learn from and connect with teachers and students around the world.
• Flexible schedule. Taking an online MBA program will give you more control over your study schedule. Many schools have pre-recorded lessons that you can access online at any time.
• Maintain your career. Pursuing an online MBA makes it easy to study while maintaining your current job or family responsibilities.
5 Benefits of a Personal MBA
• A structured routine. Classes are scheduled and there are routines so you know ahead of time what to expect. This means you plan your life around lessons.
• Respond immediately. Taking on-campus classes means you are with your professors as they lecture. You can get instant responses to your questions or job feedback.
• Fewer distractions. Many people find that studying in the classroom is less distracting than studying online at home.
• Hands-on learning. On-campus courses provide students with hands-on learning opportunities that help students engage with material in different ways.
• Internet access. The face-to-face MBA degree program allows you to network with local faculty, students and businesses.
What types of online master's degrees in business administration can you get?
The most common type of online master's degree you can get in business administration is the general master of business administration (MBA). It's hard to find a Master of Science or Master of Arts in Business Administration. However, you can get a different MBA specialization, such as Finance, Marketing, Human Resources or Risk Management.
Is it better to get an MBA with a specialization in general management or an MBA with a specialization in international management?
It is best to get an MBA with a general management specialization as it is very popular with employers. Graduates will have a broad range of management skills and knowledge that can be applied to businesses in any industry, from human resource management to project and operations management.
The MBA with International Management is ideal for students who want to work abroad or in multinational companies. Students study business administration in an international context and prepare students to conduct business around the world.
Both General Management and International Management MBA programs are popular in the job market, but you must decide which is better for you based on your career goals.
How Much Is the Cost of Master of Business Administration?
According to the National Center for Education Statistics (NCES), the average cost of a two-year MBA is $19,314 per year. This includes tuition and required fees, but not living expenses.
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How long does it take to get an online MBA Degree?
It takes about two years for full-time students to earn an MBA online. The part-time format may take three to four years. Some schools allow you to take accelerated courses with enough credits per semester to graduate in one year, but this is a very intensive schedule. If you are interested in earning a degree fast, you should consider an accelerated MBA.
Most MBA degrees require 30 to 49 credits. However, credits vary by program and major. If you plan to complete in two years, you will need to complete 6 to 9 credits per semester.
Are Online Business Administration Degrees Respected?
Yes, on-line business administration degrees are very common and respected well. NCES data shows that in 2019, more than 7 million students enrolled in online courses at colleges and universities. You should make sure you are enrolled in an accredited online MBA program. A degree from an unaccredited institution may not be respected by employers.
You can find accredited online MBA programs and most respected online master's degree schools in our article.
Is it difficult to study business administration online?
No, studying business administration online is not difficult if you are interested in business and can devote the time and effort to study the material and get good grades. Most programs offer online resources to support students and help those in distress.
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MBA Bootcamp vs Online MBA: Which Is Better?
An online MBA is a more advanced qualification than a bootcamp certification, although a bootcamp certification can still help you qualify for jobs at some of the world's top companies. Both types of programs have benefits and potential career paths in business administration.
Top 5 Benefits of an Online MBA
• Advanced program. Learning advanced skills through an MBA program will enhance your employability.
• Internet access. You'll learn about current practices and tools from people with expertise. You can also meet business people through guest lectures and virtual events to build your professional network.
• Knowledge of multiple fields and industries. You will learn about different aspects of business and improve your leadership skills, critical thinking, analytical skills, communication and management skills.
• High salary. A master's degree will unlock some of the highest paying careers. In fact, Statista reports that the average salary for a master's degree is $20,000 higher than the average salary for a bachelor's degree.
• Avoid unemployment. The Bureau of Labor Statistics shows that having a higher-level degree lowers your chances of being unemployed.
5 great benefits of a business administration bootcamp
• Spend less time. Online boot camps are great for busy individuals because they take far less time to complete than a traditional MBA.
• Affordable. Boot camps are more cost-effective because their fees are different from colleges and universities.
• Flexible payments and scholarships. Bootcamp offers flexible payment options through an income share agreement, where students can take out loans and agree to pay a percentage of their income after graduation if they earn more than a set amount.
• Project-based learning. Bootcamps typically teach students through projects and problem sets, rather than traditional lectures and essays.
• Value for money in the job market. Bootcamp graduates are sought after by some of the top global companies that already employ bootcamp graduates. The top global companies recruiting bootcamp graduates are companies such as Google, Microsoft, Amazon, Facebook and JPMorgan Chase.
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Why you should get an MBA online
You should get an MBA online because you can get two of the most valuable benefits of a master's degree, which are high pay and avoiding unemployment. MBA graduates earn significantly higher salaries, with MBA graduates earning on average almost twice as much as associate degree graduates.
You should go back to college and take an MBA course online, because earning an MBA from a reputed school can help graduates start their careers in competitive fields like Silicon Valley tech companies and Wall Street banks. The management skills you learn with an online MBA can be applied to any industry. If you go to school online, there is the added benefit of not having to pay any on-campus student fees or buy as many course supplies, saving you money.
Which courses do you take in an online master's degree program in business administration?
The courses you'll take in an online master's degree program in business administration are organizational management, statistics or data analysis, strategy formulation, marketing, and financial management. Online MBA programs vary by program, but these are some common core courses you should look for in your program. Below are some sample core courses you might find in your online graduate business program.
Organizational Management
Organizational Management prepares students on key issues like leadership, conversation and change management. This area of study will assist students examine the key management capabilities they will need to put into effect best business practices for any MBA job.
Statistics or Data Analysis
Statistical analysis and Data analysis are very important skills for making good business decisions. These courses teach students the fundamentals of business analysis through statistical concepts. This course can be challenging for students who did not cover statistics during their undergraduate years.
Strategic Development Developing strategies
For all aspects of business activity is an essential part of any business management effort. You'll learn to apply your statistical analysis skills to quantify and extrapolate valuable insights from data to develop sound strategies to drive your business forward.
Marketing
Marketing courses teach students key issues such as market research, opportunity analysis, target market identification, customer trends, planning and implementation, and ethical considerations. Learning the practice of developing a business-level marketing strategy is a key concept of any business plan.
Financial Management
The Financial Management course will train students to apply different techniques to help business executives make sound financial decisions. Corporate finance is one of the most important management issues you will face in this field. Financial management courses also give students the opportunity to find out if they are interested in financial management jobs.
Continuing Education Paths
for Online MBA Graduates Online MBA graduates often have only one continuing education path, and that is to earn a Ph.D. or Ph.D. If you decide to pursue further studies, you can earn a Doctor of Business Administration or Ph.D. Acquiring any of these will unlock more senior positions and salaries in corporate management.
If you don't want to take any doctoral programs, you can also take certification exams to improve your credentials. Remember, certification is not the same as certificate. Certifications are usually exams offered by professional organizations or commercial enterprises, while certificates are short educational courses offered by a college or university.
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Related Online MBA Degrees
What to Look for in the Best MBA Programs What to look for
in the best MBA programs are accreditation, cost, concentrations, dual degrees, and entry requirements. These are your top concerns after the initial admissions decision. In the next section, we will explain why these main issues are important.
Accreditation
The institution/organization should be accredited where you get your online MBA degree. Earning a degree from an unaccredited institution will have little value to you, as an unaccredited degree will not be considered a valid qualification by potential employers.
Costs
Knowing the expected cost of your MBA education is critical because you need to be able to pay for your education and pay for other expenses. Be sure to contact the Office of Admissions for financial aid options such as federal grants and school scholarships.
Concentration
It is essential to choose a concentration that sets in your career goals. Choose the right concentration so you can study topics that prepare you for a career in your chosen field and pursue your specific career goals. School admissions counselors can help you tailor your program specialization to the technical skills you need.
Dual Degrees
Some schools also offer dual degree options, allowing you to complete a second master's degree while earning an MBA. The common dual degree is closely related to the MBA and has a lot of program overlap. A double degree is very impressive to potential employers.
Entry requirements
Before taking the time to fill out the application form and pay the application fee, please check the entry requirements carefully to ensure you meet all entry criteria. Some schools specifically require students to already have excellent work experience and expertise in management concepts, so be sure to write about your experience in any essays you need to submit. If you do not meet one or both of these admissions requirements, please contact the program's admissions counselor to see if you are eligible to waive these requirements.
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What is the Most Affordable Online MBA?
The most affordable online MBA is the MBA from Oklahoma State University. The 33-credit program costs $481.15 per credit for in-state students and $611.35 per credit for out-of-state students, $15,878 and $20,175, respectively.
Can I get an MBA online for free?
No, you cannot get an MBA online for free. However, MBA programs have financial aid options to help cover costs. Federal grants, school scholarships, and outside organization grants have different eligibility requirements and criteria, so check with your admissions office to find the best option for your needs.
Salary and Job Outlook for Online MBA Graduates Earning
an MBA can help you land high-paying jobs in business analytics, project management, corporate finance, or healthcare management.
An online MBA can get you a high-paying job in the business industry. After completing an online graduate business program, you will be able to find a job in the business field of your choice.
How hard is it to get a job with an (MBA) Degree?
Getting a job with an MBA is not difficult. Online MBA programs help students prepare for employment after graduation, and many business programs also provide valuable career services to help graduates find jobs in their fields of study. If you take the time to take some online MBA programs and earn a degree, you can definitely get a job in business administration.
What is the range pf average salary for an online (MBA)?
According to PayScale, the average annual salary for someone with an MBA is $92,000. MBA salaries will vary based on the job role and the company you get the job for. Other potential career paths include a project manager with an entry-level salary of $58,320 or a chief financial officer with an entry-level salary of $93,202.
What jobs are available with an online MBA?
Jobs you can get with an online MBA include marketing manager, financial manager, or management consultant. You can also become a product manager with an online MBA.
Business Administration Degree Jobs
- Business Consultant
- Information Technology Manager
- Human Resources (HR) Manager
- Financial Consultant
- Operations Manager
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Potential careers with an online MBA degree How much can an online MBA degree make?
With an online MBA, you can earn between $108,018 and $133,380 per year. Salaries for entry-level jobs often start lower. For example, as an entry-level business development director, you can earn an annual salary of $67,187. The median salary for senior positions is higher, up to $208,000 per year as a marketing manager.
Salary will vary based on professional experience, education level, performance, job role, company and personal reputation. Below we'll look in more detail at some of the high-paying jobs common to online MBA graduates.
Highest Paying Online MBA Jobs and Salary: Overview
- Marketing Manager Average Salary $133,380
- Finance Manager Average salary $131,710
- Senior Product Manager Average salary $128,061
- Sales Manager Average Salary $127,490
- Director of Business Development Average salary $108,445
Best Jobs for Online MBA Graduates
The best online MBA jobs offer competitive salaries and opportunities for advancement. Let's explore the best MBA jobs below, detailing salaries, job prospects, number of jobs, and states with the highest salaries.
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(Best Jobs Based on Your Major)
Is an Online MBA Worth It?
Yes, an online MBA is definitely worth it. Online programs in business administration can qualify you for potential career paths that pay well and help you avoid unemployment, and online degree programs are often more affordable than in-person degrees.
In addition to a respected degree, the business school's value-added services are very helpful when you enter the job market. Career Support Services provides resume reviews, interview guidance, and helps you network and make connections.
Online MBA FAQs
What are some "technical requirements" for an online (MBA)?
The technical requirements for an online MBA program are usually a computer with a stable internet connection, a webcam, and a microphone. Different business programs have distinctive requirements for on line students, so be sure to check with your school.
Can I get a business administration job without an MBA degree?
Yes, you can get a business administration job without an MBA because you can get an entry-level job with an associate or bachelor's degree in business administration. Some have secured MBA-level positions through on-the-job experience and short-term online study or certificate programs. However, the most effective way to get an MBA-level position is to earn an MBA degree.
Can I work remotely in "Business Administration" with an (MBA)?
Absolutely yes, you can work remotely in "business administration" with an MBA. There are many remote enterprise management jobs available today. Use these best remote job boards to find remote jobs. When you're interviewing for a remote job, check with the hiring manager to see if the company wants the position to remain remote, or if they're looking for a candidate willing to transition to an office job at some point.
Where can I find MBA jobs?
You can find MBA jobs on reputable job sites like Indeed, Glassdoor, ZipRecruiter, and LinkedIn. Networking with professors and students in your business program is some other excellent way to find out MBA job opportunities.
