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.
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.
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.
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.
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.
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.
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