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Top 5 Most Affordable Online MBA Degree Programs 2018

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Earning an affordable online MBA is a great way to prepare yourself for a variety of roles within the broad scope of the  business industry. This degree is applicable to every field, and thus a great investment for professionals looking into leadership and management positions. Positions within business operations management, medical and health management, technology-related positions, and financial management can all become more attainable once you have completed an MBA degree.

An Online MBA allows professionals or busy adults to complete their degree on their own time, while still covering and participating in relevant courses such as business law, accounting, marketing, statistics, and ethics. Today’s online MBA programs offer students flexibility in schedule, but also many opportunities to interact with their peers and professors. A few of the options available to online students are discussion boards, hybrid degree options, and even some live streamed classes. There are currently over 1,052 schools offering graduate programs in the area of business administration in the United States. As distance learning has become more popular there has been a rise in online degree options. Because there are now many online Master’s of Business Administration degrees to choose from, finding the right program to meet your specific needs can be difficult and time consuming. Additionally, not every online MBA program is created equal. Prospective online MBA students have a variety of factors to consider in order to assure that they receive the highest return on investment possible for their education. Pricing, areas of specialization, overall prestige, and program flexibility are just a few of the criteria that can make a big impact on student experience and success. The universities listed on our 2018 Most Affordable Online MBA ranking have all met our standards of excellence and also offer programs that are available through distance learning. These inexpensive online MBA programs make earning an MBA attainable for everyone regardless of their budget or time constraints.

For more information on MBA programs, check out our Top 50 MBA Program Super RankingTop 50 Affordable MBA Programs, and the Top 50 Online MBA Program Super Ranking.

Methodology

This ranking is designed to find the best and most affordable online Master’s of Business Administration degrees available. A list of over 470 schools was obtained and evaluated first on their MBA program’s distance format. Then each program was vetted based on their accreditation. Accreditation directly affects a degree’s value and program brand recognition, and thus the competitive advantage of each alumni in the job market. Every program included in this ranking is regionally accredited by one of the six accrediting agencies recognized by the US Department of Education, and additionally holds an accreditation by one of the top three business school accrediting institutions: IACBE, ACBSP, and AACSB-International. Then the ranking order is 100% reliant upon the estimated tuition cost of the program. The tuition information was gathered from the most recent data available on each online MBA program or school website. This financial data was calculated for the entirety of the degree, but does not included fees, books, or room and board, with the exception of programs that only offer all-inclusive figures. In the event that a school offers a lower in-state tuition cost, the in-state pricing was used. The average tuition cost from this affordability ranking is $10,239.

Here is our list of the year’s Top 50 Affordable Online Master’s of Business Administration Degrees.

#1 TEXAS A&M UNIVERSITY-KINGSVILLE COLLEGE OF BUSINESS ADMINISTRATION – KINGSVILLE, TEXAS


Texas A&M University-Kingsville’s College of Business Administration offers the most affordable online MBA program in the nation. This MBA tops list by not only offering a program with a low tuition cost, but one that offers an excellent business education as well.

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The College of Business Administration at Texas A&M University-Kingsville offers the most affordable, accredited online Master’s of Business Administration for 2018. With a resident cost of only $538.08 for a three-credit hour course, students can finish this 30-credit hour degree with a base tuition cost under $5,500. But TAMUK does not discount their educational experience. This online MBA holds the top business accreditation from AACSB, which places them among the top business schools from around the world. It is truly a unique program coupling the lowest base tuition in the country with the highest industry standard in business accreditation. The curriculum consists of 21-credit hours of core focused courses followed by nine-credit hours of electives or certificates. Students can choose to pursue a general MBA or pursue a certificate in Energy Finance and Logistics, Health Service Administration, or Managing People in the Global Enterprise. Applicants must hold a bachelor’s degree from an accredited college, complete leveling prerequisite courses if needed, and submit GMAT/GRE scores. Applicants already holding a degree from TAMU Kingsville or holding an advanced degree from a regionally accredited institution may apply for a GMAT/GRE waiver.

TAMU Kingsville was started in 1925 as the South Texas State Teachers College. What started as a small college to train teachers, has grown into a four-year, public university that is a member of the prestigious greater Texas A&M University system. They offer bachelor’s, master’s, and doctoral degrees to a student body of over 9,200 students, and the university is regionally accredited by the Southern Association of Colleges and Schools, Commission on Colleges. The mission of the school is “teaching, research, and service in South Texas for the advancement of knowledge and of regional development,” and they live this mission out by serving an ethnically and culturally diverse community and by placing an emphasis on challenging educational programs that reflect high standards of academic performance.

Estimated Program Tuition: $5,380

#2 ANGELO STATE UNIVERSITY COLLEGE OF BUSINESS – SAN ANGELO, TEXAS


The College of Business at Angelo State University offers an affordable and highly accredited online Master’s of Business Administration. This program stands out with a commitment to accessibility, affordability, and flexibility.

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Angelo State University’s College of Business offers an affordable and flexible online Master’s of Business Administration. This program consists of 10 courses of 30-credit hours, and the university offers a low resident tuition cost of only $214.20 per credit hour. This makes the total program base tuition cost to come in under $6,500. This online MBA does not only stop at an exceptional level of affordability, but also places their business education at a high standard. The MBA program holds a business accreditation from ACBSP, which shows that they meet very high standards in teaching and business curriculum. The program puts an educational emphasis on organizational decision-making with courses including Marketing Management, Organization Behavior and Leadership, Legal and Social Environment of Business, Management Information Systems, and Managerial Economics. Students can choose to enroll on a part-time or full-time basis and are able to take classes on-campus as well as online throughout the program. Applicants must submit a resume, all college and university transcripts, and GMAT or GRE scores, but the GRE/GMAT test is waived if applicants have a 3.0 GPA in the last 60 hours of coursework or three years of meaningful work experience.

Angelo State University was founded in 1928 as the San Angelo Junior College and has since grown to a four-year, public university with over 9,500 students. The university is a member of the Texas Tech University System and is regionally accredited by the Southern Association of Colleges and Schools, Commission on Colleges. They offer 64 bachelor’s, master’s, and doctoral degrees through six academic colleges. ASU is designated as a Hispanic Serving Institution by the Department of Education and is also consistently regarded as a military friendly school. While supporting their community in the heart of West Texas, ASU is also reaching the far edges of the globe with their dynamic online degrees.

Estimated Program Tuition: $6,426

#3 FAYETTEVILLE STATE UNIVERSITY COLLEGE OF BUSINESS AND ECONOMICS – FAYETTEVILLE, NORTH CAROLINA


The College of Business and Economics at Fayetteville State University offers an exceptional online Master’s of Business Administration. This program stands out in our ranking as the most affordable program with the elite AACSB business accreditation.

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Fayetteville State University’s College of Business and Economics is known for their affordability without sacrificing academic excellence. Their online Master’s of Business Administration is one of the most affordable in the country with a base resident tuition cost of only $183.09 per credit, putting the full program tuition cost under $6,600. Students in this program not only benefit from the low cost, but also the elite business accreditation from AACSB. This accreditation places this program among the top MBA programs from around the world. The curriculum consists of 36 to 39-credit hours of core business courses, a capstone project, and elective courses to tailor the program to each student’s needs and goals. Students can pursue a general MBA or pursue a concentration in Entrepreneurship, Finance, Healthcare Management, International Business, Management, Marketing, or Project Management. To apply, students must complete an online application, send official transcripts with a GPA of 2.75 or higher from an accredited institution, submit GMAT scores, and send in two recommendation letters. GMAT waivers may be considered for students with an advanced degree, US military service, 9 or more hours from an AACSB accredited program, superior academic experience from a regionally accredited institution, or 10 years of progressive professional advancement experience.

FSU is the second oldest public school of higher education in North Carolina. The university dates back to the 1800s when the Howard School was founded for the education of African Americans. Today, the school stands as a four-year, public university and member of the greater University of North Carolina system. The university offers 67 undergraduate and graduate programs in the fields of education, arts and sciences, and business and economics, to a student body of over 6,200 students. FSU holds a regional accreditation from the Southern Association of Colleges and Schools, Commission on Colleges, and continually offers programs with a student-centered focus.

Estimated Program Tuition: $6,591

#4 AUGUSTA UNIVERSITY JAMES M. HULL COLLEGE OF BUSINESS – AUGUSTA, GEORGIA


Augusta University’s James M. Hull College of Business offers a highly regarded online Master’s of Business Administration. This online MBA is a smart choice for the professional student looking for flexibility, affordability, and excellence in curriculum.

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The James M. Hull College of Business at Augusta University offers an online Master’s of Business Administration that stands out among the available MBA programs in the US. Augusta offers this program with the very low base resident tuition rate of just $222 per credit hour. This places the total tuition for this 30-credit hour MBA at under $8,000. But even at this level of affordability, the Hull College of Business does not not compromise on their academic excellence. They carry the elite business accreditation from AACSB, placing them among the top business schools from around the world. The curriculum consists of 10 courses that can be completed within 12-24 months. Courses include topics from Designing, Managing, and Improving Operations to Organizational Behavior and from Business Analytics for Managers to Managerial Leadership. The Hull online MBA has a spring and a fall application deadline and requires applicants to complete an online application, submit official transcripts, send in three references, and submit GRE or GMAT scores. The standardized tests may be waived for applicants with advanced degrees, a business bachelor’s degree with a GPA of 3.75 or higher, or a business bachelor’s degree with a GPA of 2.5 or higher combined with 10 or more years of professional business experience.

August University was founded in 1828 as the Medical College of Georgia, the oldest college in the state. In the years since, it has grown to a four-year, public university with three campuses and nine colleges and schools. Their mission is to provide “leadership and excellence in teaching, discovery, clinical care, and service as a student-centered comprehensive research university and academic health center with a wide range of programs from learning assistance through postdoctoral studies.” The university offers over 140 associate’s, bachelor’s, master’s, and doctoral degrees to over 7,900 students, and is regionally accredited by the Southern Association of Colleges and Schools, Commission on Colleges.

Estimated Program Tuition: $6,660

#5 UNIVERSITY OF NORTH CAROLINA AT PEMBROKE SCHOOL OF BUSINESS – PEMBROKE, NORTH CAROLINA


The School of Business at the University of North Carolina at Pembroke offers a 36-credit hour online Master’s of Business Administration. This online MBA sits as one of the best in the country, combining educational excellence, accessibility, and affordability.

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At the University of North Carolina at Pembroke, the School of Business offers a 100% online Master’s of Business Administration. This program consists of 36-credit hours of curriculum split into core and elective courses, taught by the faculty of the on-campus courses. Students with non-business undergraduates additionally have a set of leveling foundational courses. Core courses within this online MBA cover topics in business and leadership that span from accounting to management skills and organizational processes to human behavior. This online MBA has the winning combination of quality, affordability, and accessibility. The School of Business stands as a top school in the country with a business accreditation from AACSB. The affordability stands out from programs across the country, offering resident students an extremely affordable base tuition of only $187.25 per credit. The school allows for six different start times and the ability for students to complete the program in as little as one year. Applicants must complete an online application, submit official transcripts with at least a 2.5 GPA, and submit GMAT or GRE scores. Additionally, applicants with a cumulative 3.0 undergraduate GPA are allowed to waive the GRE requirement.

The University of North Carolina at Pembroke was founded in 1887 as the Croatan Normal School to educate American Indian teachers. Today, they stand as a four-year, public university, and a member of the greater University of North Carolina system. UNC Pembroke offers 41 undergraduate programs, 17 graduate programs in business and education, and one certificate program to a diverse student body of over 6,200 students, and holds a regional accreditation from the Southern Association of Colleges and Schools, Commission on Colleges. The campus sits in a quiet community in Pembroke, North Carolina and is notable as one of the safest schools in the state-wide system as well as one of the most diverse schools in the south.

Estimated Program Tuition: $6,741

Source:https://www.topmanagementdegrees.com

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