Online MBA in New Jersey
Welcome to our online MBA in New Jersey guide. If you are searching for an MBA program – and want to cut back on your research time – this is the page for you. We have carefully researched and put together this page to help you find the most up-to-date information. Plus, we have organized the page to be user-friendly – which means you should be able to easily search and find exactly what you are looking for. Every online MBA in New Jersey is listed here – so take a look!
- Part 1 – Online MBA Programs in New Jersey
- Part 2 – Campus MBA Programs in New Jersey
- Part 3 – Additional Programs
- Part 4 – Job Outlook for Graduates
Online MBA Programs in New Jersey
There are some who cannot afford to do an MBA even part-time. This is where online MBA programs in New Jersey come to the rescue, and contrary to widespread belief, these are indeed valued by the industry, as the academic requirements to graduate are just as hard as full-time/part-time MBA programs. Take a look at some of the universities in the state that offer the MBA program online.
The 5 online MBA programs in New Jersey found below are listed in Alphabetical order.
- 1 – New Jersey Institute of Technology
- 2 – Rowan University
- 3 – Rutgers – The State University of New Jersey – Camden
- 4 – Rutgers – The State University of New Jersey – NewWark/New Brunswick
- 5 – Stevens Institute of Technology
1. New Jersey Institute of Technology
The online Master of Business Administration at the School of Management, which is fully accredited by the AACSB, requires 48 credit hours to graduate. This translates to 16 courses, and students take two courses per semester. As a result, the total duration of the program is eight semesters, each of 15 weeks duration, or roughly 30 months / 2.5 years. Specializations are offered in Marketing, Finance and Management Information Systems (MIS) – the school strongly believes against structuring the course to include ‘hot’ management topics. On the same note, it does not differentiate between its online students and those who choose to pursue their MBA from New Jersey Institute of Technology in the traditional face-to-face mode. The US News and World Report ranks the online MBA program #117 nationwide, and the university itself comes in at #140 among all national universities in the United States.
2. Rowan University
The New Jersey online MBA program offered at Rowan University is accredited by the AACSB, and requires 36 credit hours to complete. There are 12 courses, each carrying three credits, that are administered in eight-week modules. In total, an MBA through the Rohrer College of Business would take about 22 months to complete, and this program is notable because it prepares students for taking up managerial-level roles in governmental and non-governmental organizations, apart from those firms which are commercial in nature. Another good thing about the program is that one can enroll at any time of the year. The average applicant to the program had an undergraduate GPA of 3.25 and a GMAT score of 501. The US News and World Report ranks it #3 among all public schools in the North, and #19 among all regional universities in the area.
3. Rutgers-The State University of New Jersey-Camden
Rutgers, The State University of New Jersey-Camden is ranked #36 all regional universities in the North by US News and World Report, and it offers a 100% online Master of Business Administration course. The program itself is rated #10 nationwide among “Schools Producing the Most Fortune 500 CEOs” by US. News & World Report, and is accredited by the AACSB or Association to Advance Collegiate Schools of Business.
4. Rutgers-The State University of New Jersey-Newark/New Brunswick
The Rutgers School of Business is accredited by the AACSB and ranked #48 in the country by the US News and World Report. It offers online mini-MBA programs, and these typically take 35-40 hours to complete, although not at a stretch, but rather over a period of 12 weeks. The course content is divided across ten modules and a Capstone project (business strategy simulation tool that allows you to apply theoretical knowledge to real-world problems without any of the risks involved) is also included as part of the curriculum. Faculty members are also available during Virtual Office Hours to answer any and all questions you may have regarding a module. This is in addition to them being on a discussion board. Online mini-MBA programs are offered in BioPharma Innovation, Business Essentials, Social Media Marketing, Digital Marketing (those who enroll for this are provided with an Apple iPad and the course is delivered through a proprietary app), Business Essentials, Entrepreneurship, and there is also one for engineers and technology managers.
5. Stevens Institute of Technology
The online Master of Business Administration program offered at Stevens Institute of Technology, which is ranked #75 among all national universities in the country by US News and World Report, is accredited by the by the AACSB or Association to Advance Collegiate Schools of Business. It takes a minimum of 36 credits to graduate, and of this, 15 credits must be in your intended major/department. There are still presentations to be made by online students, who also participate in group projects. If your enroll as an online student of the MBA program, you can take part in live lectures, or download and study course content at your convenience. Technology is fully leveraged in this online MBA program in New Jersey, and it is not delivery alone that matters to Stevens – it aims to develop critical reasoning skills and prepare future managers who can put theory into practice in the field. The course itself is in no way inferior, it has been developed using the latest research in innovation, marketing, analytics and management. It also teaches you how data can impact business, and why therefore it must be used to help solve problems or create opportunities.
MBA Programs in New Jersey
These are some of the AACSB-accredited MBA programs in New Jersey. Whether your intention is to pursue one full-time or part-time, depending on your work commitments, there is something for everyone, irrespective of his/her GMAT score and/or his level of work experience. No work experience? Take a look, you can still do your MBA and even lighten the academic requirements if you have an undergraduate degree in Business. No GMAT? Don’t worry, there is still hope. Some MBA programs waive this requirement on a case-by-case basis.
(The 12 MBA programs in New Jersey listed below are in alphabetical order)
- 1 -Fairleigh Dickinson University
- 2 – Monmouth University
- 3 – Montclair State University
- 4 – New Jersey Institute of Technology
- 5 – Ramapo College of New Jersey
- 6 – Rider University
- 7 – Rowan University
- 8 – Rutgers – the State University of New Jersey – Camden
- 9 -Rutgers-The State University of New Jersey-Newark/New Brunswick
- 10 – Seton Hall University
- 11 – Stevens Institute of Technology
- 12 – William Paterson University
1. Fairleigh Dickinson University
The Silberman College of Business is accredited by the Association to Advance Collegiate Schools of Business or AACSB and the Master of Business Administration program offers nine specializations, including Accounting, Entrepreneurship (a Top 20 program), Finance, Information Systems, Management, Marketing, Pharmaceutical Management, International Business, and a Business Administration Study Option. Those with undergraduate degrees in Business or Liberal Arts can hope to earn their MBA in 15 months, if he/she were to opt for the accelerated program. There is also a general Saturday MBA that requires 30-42 credits to graduate. Up to 12 foundation credit requirements may be waived depending on the applicant’s undergraduate education. This takes 21 months to complete, with a combination of in-person (all day on alternate Saturdays) and online classes. The university itself was rated among the Top 296 in the United States by the Princeton Review, while the US News and World Report ranks it #83 among the regional universities in the North.
2. Monmouth University
The Leon Hess Business School at Monmouth University is accredited by the AACSB (Association to Advance Collegiate Schools of Business) International, and the Master of Business Administration program and offers five concentrations, namely Accounting, Finance, Management, Marketing and Real Estate. Choosing a concentration is optional, and the program requires 57 credit hours to complete. An exemption of up to 21 credit hours may be granted depending on undergraduate coursework already undertaken, and there is also an accelerated MBA that can be completed in a year. The part-time MBA at Leon Hess has been rated #208 nationwide by US News and World Report, and the university is rated #36 among all regional universities in the North. The average applicant has an age of 26, carries with him two years of work experience, and is armed with an undergraduate GPA of 3.0 – 3.6, in addition to a GMAT score of 435 – 545. The acceptance rate at Leon Hess is estimated to be 84%, and class sizes are small.
3. Montclair State University
The AACSB (Association to Advance Collegiate Schools of Business) International-accredited Master of Business Administration program at Montclair State University requires 49.5 semester hours to complete, and can be completed in 18, 21 or 24 months, depending on the candidate’s level of commitment. Although work experience is desirable, it is not a prerequisite and applications to the program are received all throughout the year. The acceptance rate is around 72%, and the average applicant has a 3.27 undergraduate GPA. A waiver of up to 12 credit hours may be granted, depending on previous undergraduate or graduate-level study, and the remaining 37.5 credit hours should be completed at here itself in order to graduate. The part-time MBA is jointly ranked #208 by US News and World Report, which also lists the university at #36 among all regional universities in the North.
4. New Jersey Institute of Technology
The School of Management at New Jersey Institute of Technology is fully accredited by the AACSB, and its New Jersey MBA program requires 48 credit hours to graduate. Concentrations are offered in Marketing, Finance, Healthcare Management, and Management Information Systems (MIS). Custom concentrations are also possible, although this requires a discussion with the candidate’s academic advisor. The school strongly believes against structuring the degree to include ‘hot’ management topics, and also offers it for part-time study. The school has an acceptance rate of 69% and the average applicant has a GMAT score of 560-580. There is also an Executive MBA, which is designed to propel graduates to top management-level positions. The university is ranked #140 among all national universities in the United States by US News and World Report.
5. Ramapo College of New Jersey
The AACSB-accredited Anisfield School of Business at Ramapo College of New Jersey offers a Master of Business Administration program that can be completed in 20 months, and the best part is that you don’t have to give up your day job. It takes 42 credit hours to complete, and this is accomplished by completing 2 courses, which carry 6 credits in total, in ten weeks (this is what constitutes an academic term); and there are seven such terms. The size of the class has been capped at 35, and it is designed for those with two years of work experience. There are no credit waivers even if you hold an undergraduate degree in Business, but the MBA does come with a nine-day immersion experience in China. Another highlight of the degree is that it teaches you Ethical Leadership (worth nine credits) and encourages working in ‘virtual teams’. No program concentrations are offered.
6. Rider University
Concentrations for the AACSB-accredited Master of Business Administration program include Finance, Business Analytics, Forensic Accounting, and Global Business. However, this is optional, and you may choose to pursue a general MBA at Rider, which ranked #22 among all regional universities in the North, instead. For those with undergraduate degrees in Business, it may take only 33 credit hours, while for those without, it could take as much as 52.5 credit hours to graduate. The GMAT requirement can be waived off completely or deferred (they get back to you within 48 business hours once you apply for this), and there is also a that takes 16 months to complete. This comes with a 9-12 international study tour that provides candidates with exposure to emerging economies around the world.
7. Rowan University
At the AACSB (Association to Advance Collegiate Schools of Business) accredited Rohrer College of Business, the MBA is a 36-credit-hour program, which includes three electives that are worth nine credits. In addition, a candidate can also choose a specialization, which can be combined with the electives to account for no more than 18 credits of the total course load. Specializations/electives can be had in Finance, Accounting, Management, Marketing, Supply Chain & Logistical Systems, or Management Information Systems (MIS). The school has an acceptance rate of 61%, and applicants typically have an undergraduate GPA of 3.32. The Princeton Review lists the university as among the best 295 in the United States for 2016, while the US News and World Report ranks it #19 among all regional universities in the North. The full-time program takes 20-24 months on an average to complete, and doing part-time might take 27-32 months.
8. Rutgers-The State University of New Jersey-Camden
Accredited by the AACSB or Association to Advance Collegiate Schools of Business, the Master of Business Administration program consists of 54 credit hours, out of which nine are for three elective courses. This AACSB program offers concentrations in Entrepreneurship, Finance, International Business/Operations Management, Management, and Marketing. A lot of the students hold full-time jobs and so the emphasis is on providing meaningful education that can be put into practice rather than rote learning. ON top of this, the School of Business allows candidates to complete part of their course by signing up for an international study tour in either South Africa or Brazil, both of which are emerging economies. Rutgers, The State University of New Jersey-Camden is ranked #36 all regional universities in the North by US News and World Report.
9. Rutgers-The State University of New Jersey-Newark/New Brunswick
This is the #1 Public MBA program in the New York City region and the Rutgers School of Business is accredited by the AACSB (Association to Advance Collegiate Schools of Business). It is ranked #48 nationwide by the US News and World Report and applicants typically have an age of 29. They carry with them into the program 5 years of work experience and a 3.30 undergraduate GPA, plus GMAT scores of around 710. The school has an acceptance rate of 42% (over 350 applications are received every year), and the MBA program at Newark/New Brunswick requires 60 credits to complete. Concentrations are offered in Entrepreneurship, Finance, Analytics and Information Management, Global Business, Marketing, Pharmaceutical Management, Marketing Research Insights and Analytics, Strategy and Leadership, and Supply Chain Management.
10. Seton Hall University
The W. Paul Stillman School of Business at Seton Hall University is accredited by the AACSB or Association to Advance Collegiate Schools of Business. It offers a Master of Business Administration that requires 42-45 credits to graduate. Concentrations are available in Information Technology Management, Finance, Accounting, International Business, Management, Marketing, Supply Chain Management, and Sports Management (this is one of the few programs offered nationwide), The average age of the MBA applicant is 29, and he/she comes with 3.09 undergraduate GPA and a GMAT score of around 650. The school itself has an acceptance rate of only 44% (264 applications are received annually), despite the average applicant to the program having seven years of work experience. The university itself is ranked #123 among all national universities in the United States by US News and World Report.
11. Stevens Institute of Technology
Accredited by the AACSB or Association to Advance Collegiate Schools of Business, the Master of Business Administration program takes 48 credit hours to complete. It can be completed in two years if one opts for the full-time mode, or three years if done part-time. The program is designed for those with two years of work experience, and for those with at least five years of work experience, there is an Experienced Professional MBA program which still requires the same number of credits to graduate, but for which classes are only on alternate Sundays. Overlooking the Hudson River which separates the states of New Jersey and New York, the university is ranked #75 among all national universities in the United States by US News and World Report.
12. William Paterson University
The Christos M. Cotsakos College of Business at William Paterson University is accredited by the AACSB. It’s AACSB-accredited MBA program offers five concentrations, namely Entrepreneurship, Accounting, Marketing, Finance and Music Management (this is one of the few programs offered throughout the country). Those who opt for the Accounting concentration may find themselves being eligible to sit for the CFA examination, while those who select the Finance concentration find themselves eligible to write the CPA examination. Highlights of the course include an emphasis on quantitative analysis, communication skills and technology in business. The lower 18 credits (out of a total of 38 required) are all about domestic and global economic environments of organizations, analysis and markets, financial reporting, and human behavior in organizations. The program is designed for working professionals and as such, all classes are on the weekends or at night on weekdays. There are some 102 applicants annually, and the acceptance rate is about 64%. The average age of the applicant is 28 and he/she comes with a 3.40 undergraduate GPA. You can apply all throughout the year, and your application will be considered and evaluated as soon as it arrives at the university.
Non-AACSB Accredited Online MBA Programs in New Jersey
The Association to Advance Collegiate Schools of Business or AACSB is a global, non-profit organization that accredits business schools. It has very stringent standards, and because of this, less than five percent of the world’s 13,000 business schools have received accreditation from the AACSB, making it the benchmark for quality. But that is not to say non-AACSB accredited programs are worthless. Some business schools may opt for accreditation from the ACBSP or Accreditation Council for Business Schools and Programs, which is also recognized by the Council for Higher Education Accreditation or CHEA. While the AACSB looks at the quality of education imparted, ACBSP looks at excellence in teaching and stresses the need for continuous improvement by way of research. ACBSP is not lax in its standards – in fact, it seeks a review every two years after it accredits a business school. It has accredited only 586 campuses of member educational institutions, making this accreditation perhaps more exclusive than AACSB.
Another difference is that credits obtained from an ACBSP-accredited program are not transferable to AACSB-accredited programs and vice-versa. This could mean something if a candidate leaves an MBA program midway and tries to transfer to another business school which doesn’t have the same accreditation. Those who have completed MBAs have also reported difficulties while trying to enroll for doctoral-level programs at business schools which do not have the same type of accreditation.
There is yet another accrediting organization, the International Assembly for Collegiate Business Education or IACBE, which looks neither at the quality of education, as the AACSB does, or excellence in teaching and research, as the ACBSP does, but focuses rather on the outcome of a program. This makes sense and is a very pragmatic approach – after all, none of the AACSB or the ACBSP parameters guarantee success in the real world, although they are very strong indicators. It has accredited some 230 member educational institutions so far, in 20 countries worldwide. So numerically speaking, it is even more elitist than the other two. However, the problem of IACBE-accredited programs not being recognized by institutions that are not accredited by the IACBE may exist.
Here are some schools that are not accredited by the AACSB or Association to Advance Collegiate Schools of Business, but still offer some of the best online MBA programs in New Jersey.
1. New Jersey City University
The School of Business at New Jersey City University is accredited by the ACBSP or Accreditation Council for Business Schools and Programs. The Master of Business Administration, offered online, requires 36 credits to complete. This consists of 21 credits of core curriculum, 12 credits on a specialization (specializations offered are in Marketing, Finance, and Organizational Management and Leadership) and another three on a Capstone project. Admission is offered to those who have undergraduate degrees with a GPA of 3.0 or higher. For those failing to meet this criteria, they can still hope to get in if their GPA is 2.75 or above. Those holding undergraduate degrees in Business can take the GMAT and score 560 or above to be admitted; or else they could be admitted provisionally, with the condition that they take the Graduate Business Essentials course in the first semester and get a B grade to continue with their MBA program. Provisional admittance also applies in the same way for those without undergraduate degrees in Business. Those with undergraduate Business degrees may also have to take Financial Accounting and Quantitative Methods for Business Entities, both of which are three credits each, if their previous coursework did not cover these.
2. Centenary College
Centenary College’s online MBA program is accredited by the IACBE or International Assembly for Collegiate Business Education. This is a 39-credit program that requires an applicant to have an undergraduate degree with at least a 2.5 GPA to be admitted. There are only 13 courses, and taking one class at a time (just one evening per week) should see you graduate in about two years. GRE or GMAT scores are not a prerequisite for the program, but Centenary College does insist on a 3.0 GPA if you are to graduate with an MBA degree. NJBIZ, New Jersey’s leading business publication, once rated the MBA program at #3 in the state.
New Jersey MBA Career and Job Outlook
New Jersey is one of the smallest states in the Union, but it has the highest population density. Its geographical proximity to New York (both states are separated only by the Hudson River) has helped it a lot and its economy has seen several transitions over the decades – it used to be predominantly agricultural until the mid-nineteenth century, after which railroads transformed it into a manufacturing hub. Thomas Edison located his Menlo Park in the state around 1876, and today the state is noted for both its agricultural produce as well as manufactured goods (key industries include chemicals and pharmaceuticals). The state has also kept pace with technology, and biotechnology, telecommunications and information technology (there are actually more high-tech firms in New Jersey than in Silicon Valley and the state has been ranked #1 for broadband telecommunications and #2 for IT jobs) are now key drivers of the economy. Its status as a suburb of New York has also changed and it proudly lays claim to having the second-highest per-capita number of millionaires in the country. It is also the second-richest state in the United States of America by median household income, and several places in the state have per capita incomes that exceed the national average (in fact, New Jersey ranks second in this regard).
All these are only indicators of how thriving the economy is. Its gross state product is $573 million, ahead of forty two other states. Apart from technology, pharmaceuticals and manufacturing, opportunities also exist in finance, transportation and healthcare. Quality education (the world-famous Princeton University, an Ivy League institution, is located in the state) churns out top-performing managers for these sectors. According to the Bureau of Labor Statistics, the national average for top executives is $102,750 when it comes to annual pay, but in New Jersey, the state average for management professionals (not necessarily those at the top level of management, but also those in rungs below) is considerably more than this, at $138,750. Chief executives in the state make $198,870 on average, while general and operations managers take home $161,370. Marketing managers earn $159,320 on average, and financial managers $154,130. Computer and information systems managers go home $152,520 richer at the end of the year, while compensation and benefits managers make $149,340 annually.
Sales managers take home $147,740 and architectural and engineering managers earn $146,520, while human resources managers take home $144,280. Public relations and fundraising managers are not far off, with annual salaries that hover around $141,360, and advertising and promotions managers earn $135,680 on average. Construction managers still earn $131,130 and training and development managers take home $130,360, with post-secondary education administrators making $129,010 in annual wages. Elementary and secondary school education administrators are close behind, with average annual salaries of $124,400.
Those in the transportation, storage and distribution sector make $119,540 and administrative services managers earn $117,140 annually. Managers in the medical and health Services sector make $115,370 and personal financial advisors earn $113,760 every year on average. Even funeral service managers take home $111,840 annually, and the average pay package for managers in other sectors is $127,710 per year.
Apart from CEOs, natural sciences managers earn the most in the state, with annual salaries of $182,690.
All these are more proof of the employment scene in New Jersey, and graduates of business schools in the state are not restricted to working in the state alone, they could seek employment elsewhere in the United States, such as neighboring New York or Philadelphia, where twelve Fortune 500 companies have their headquarters. These are still only areas that are close to New Jersey, there is nothing to prevent them from working on the West Coast in a city like Los Angeles or San Francisco. Or even in another city like Atlanta, Georgia. An online MBA prepares you for all these, including overseas work opportunities that are both challenging as well as financially rewarding.
- Bureau of Labor Statistics 2014 Employment and Wage Statistics For New Jersey
- Career Outlook for Top Executives
- New Jersey Labor Market Information
- Average Salaries in New Jersey
- Top Schools in New Jersey by Starting Salary Potential