Accredited MBA online: Cheapest Programs
How to find a high quality, affordable degree program
An accredited online MBA has many options, but you have to know how to choose correctly. With fierce worldwide competition for high-level and technical professions, having an MBA gives job hopefuls an advantage over those who merely have a bachelor’s degree.
Do you believe an advanced degree is out of your reach? It doesn’t have to be that way. You don’t have to juggle your job schedule to accommodate in-person classes any longer.
For today’s busy professionals, going online is the way to go. Students can plan classes to meet their schedules using asynchronous learning.
According to the most recent U.S. News & World Report, the cost of online degrees at many approved universities can be affordable, depending on the curriculum; a student can anticipate to spend anywhere from a few hundred dollars per credit hour to $2,000 per credit hour for out-of-state students.
Schools provide financial aid, either institutional or non-institutional, to would-be students who are still having trouble paying tuition.
We examined the top 25 universities in each area to come up with the best and least expensive selections for this best-of list. We looked at the curriculum, student reviews, and if the degrees could be completed entirely online.
Cheapest accredited online MBA Programs in 2021
BEST OVERALL: Fitchburg State University, Business Administration Department
Fitchburg State University (FSU), located in Fitchburg, Massachusetts, won this category as a smaller school under the Massachusetts State University system.
The school was ranked first because of the high quality of the curriculum and the positive benefits the degree had on graduates’ careers, according to students.
- The International Accreditation Council for Business Education has given the International Accreditation Council for Business Education its seal of approval (IACBE)
- According to GradReports, 100% of student reviewers recommend this school, and 60% say that Fitchburg education helped them advance in their careers.
- Not accredited by the Association to Advance Collegiate Schools of Business (AACSB)
Fitchburg State University offers a two-year online program with 15-week sessions. The liberal arts-based curriculum has a total cost of $12,510 and can be stretched into a six-year plan of study.
Students who have a GPA of 3.00 or better might apply to enroll in one extra concentration. Instead of the required 30, dual concentration students will finish 39 credits.
One of the reasons FSU won is that its classes are small and engaged, according to reports. Professors spend time in the program getting to know their students.
According to graduate reviews on GradReports, the MBA program coordinators are incredibly helpful, and lecturers go out of their way to help.
Professors are also friendly and approachable. Another reason for FSU’s success in this category is that professional courses are supplemented by a variety of practical business experiences and chances for experiential learning through internships tailored to allow students to apply classroom theory to real work situations.
The school provides excellent chances for students to engage in activities and groups in which they can all join. The program’s student body is likewise quite diverse.
BEST FOR ACCOUNTING AND FINANCE PROFESSIONALS: Culver-Stockton College
Because of the outstanding quality of the curriculum and the students’ ability to complete the courses in as little as five weeks, this Canton, Missouri-based university won this category for accounting and finance professionals.
- U.S. News and World Report ranks the rigorous 100 percent online course curriculum as the 21st best value institution in the Midwest.
- The courses range in length from five to eight weeks and cover topics such strategic financial management, data analysis, investment research, and global strategy.
- No institutional aid available
This institution won this category because its MBA program is more rigorous than most. With only 46% acceptance rate, it’s a tough nut to crack.
While no institutional aid is available, employees of corporate partners may be eligible for a 10% discount, and alumni may be eligible for a 15% discount.
Every eight weeks during the calendar year, there are rolling entrance dates, making application easier than at most other schools.
Students can expect to gain analytical skills needed to make good business decisions, assess qualitative data, and effectively communicate conclusions and suggestions over the five-week classes. The program costs $6,000 to complete.
With 70.8 percent of classrooms having 20 or fewer people, this institution allows students to get to know their classmates while also allowing educators to get to know their students.
The academic support, according to GradReports, is exceptional. Professors have such an open door policy that they will meet with students over their lunch break and after office hours. Students also mention how different the classes are. See more here.
BEST FOR ECONOMICS PROFESSIONALS: University of Houston-Victoria
The University of Houston-Victoria (UHV) in Victoria, Texas, won this category because it provides a $14,999 online Global MBA program with five start dates each year that may be finished in as little as 16 months.
Global Economics, International Management and Leadership, Financial Reporting and Analysis, International Business Strategy, and Economic Development are only a few of the required courses.
- HIS Designated Pros (Hispanic-Serving Institution)
- The program is accredited by the AACSB, the Southern Association of Colleges and Schools, and the Commission on Colleges
- Must have successfully completed at least one statistics course before starting program
One of the reasons the school won this category is that the Global MBA program in economics is meant to be finished in a year and a semester, making it highly doable for the working professional.
According to UniGo, the school is More Selective, with only 48 percent of all candidates being accepted.
Class numbers are small enough that each student receives the one-on-one attention they require to succeed in the program. The University of Houston-Victoria MBA program is ranked as one of the finest online MBA schools in Texas by B-Schools.
The program itself is 54 credits long, with 24 credits for foundation courses and 18 credits for core courses, and costs just under $15,000, making it the best value in this category.
The Global MBA equips students with the business skills, cultural knowledge, and global mentality that are necessary in today’s economy.
According to GradReports, professors are very personable and engaged. B-Schools claims that graduates are well-prepared to take on leadership roles in both private and public companies after graduation.