Accredited Online MBA Programs

Table of Contents

1 – Best Programs
2 – Search by State
3 – Accreditation
4 – Picking a Program

Choosing the online MBA that meets your specific needs can be a daunting task. With so many options and so many different ways to measure the quality of each program, we have chosen to provide a unique perspective with our rankings this year – focusing on the three-year graduation rate.

This three-year grad rate metric measures how well a given institution provides an overall educational experience that motivates students to finish what they started. There are a sufficient number of MBA programs that excel in this area, and while some charge high tuition in exchange for their high graduation rates, there are also plenty of MBA programs with both high three-year graduation rates and affordable tuition.

After researching over 233 programs, we have created this final shortlist of 35 online MBA options that have the highest percentage of students graduating in three years or less.

The 35 Best Accredited Online MBA Programs – 2020

  • 100% Online
  • Fully Accredited
  • From Public or Non-Profit Institutions
  • High Three-Year Graduation Rate
  • Low Tuition

The table below ranks the top 35 accredited programs by three-year graduation rate. You can quickly sort and compare programs by clicking on the arrows to reorganize the table according to other various metrics, including acceptance rate, average undergraduate GPA, average GMAT score, average class size, and per-credit in-state and out-of-state tuition. Programs are listed in alphabetical order by default.

SchoolRankAccept. RateAvg.
Under-grad GPA
Avg. GMATAvg. Class size3yr Grad RateTuition
(in-state)
Tuition
(out-state)
Arizona State University761%3.35906189%$1170$1226
Ball State University1463%3.45393276%$410$616
Boise State University2491%3.35503469%$750$750
Central Michigan University1968%3.34992872%$625$625
Colorado State University3587%3.14533557%$974$974
Creighton University185%3.350315100%$1128$1128
Florida Atlantic University473%3.23693%$800$800
Florida International University1564%3.35001174%$1000$1000
George Washington University2280%3.35903870%$1825$1825
Hofstra University586%31792%$1375$1375
Louisiana Tech University2173%3.34753071%$412$412
Missouri University of Science & Technology290%362017100%$1200$1200
Oklahoma State University3083%3.35672261%$230$360
Quinnipiac University1862%3.35402972%$935$935
Southern Illinois University1674%3.45252274%$854$854
Stevens Institute of Technology3184%3.35691861%$1620$1620
SUNY2080%3.25481971%$619$743
University of Arizona888%3.35534385%$1000$1000
University of Cincinnati3464%3.36435159%$964$1356
University of Delaware1766%3.35932273%$900$900
University of Florida346%3.35884297%$531$1255
University of Memphis2894%3.45554464%$603$1091
University of Michigan3250%3.45922861%$908$1397
University of Mississippi1231%3.55663981%$810$810
University of Nebraska3379%3.36094159%$630$630
University of New Hampshire2994%3.15501763%$800$910
University of North Carolina660%3.26491490%$1884$1884
University of North Dakota2788%3.35852464%$404$404
University of North Texas2660%3.55622065%$325$767
UT Martin1168%3.15521582%$532$585
University of Utah1066%3.35574482%$1225$1225
University of Wisconsin MBA Consortium1385%3.45962578%$775$775
Washington State University2560%3.55512668%$813$813
West Texas A&M University976%3.45504083%$335$365
Western Kentucky University2388%3.45281670%$707$707

35. Colorado State University

Program Facts

Tuition Per Credit$974
Accept. Rate87%
Avg. Under-grad GPA3.1
Avg. GMAT453
3yr Grad Rate57%
LocationFort Collins, CO
Admissions #(970) 491-1129

Colorado State University’s accredited online MBA gives students the option to specialize in marketing data analytics instead of earning a general degree. The program’s duration ranges from 21 months to five years, depending on the schedule students choose to follow. To graduate, the program requires students to earn 42 credits. The school offers start dates in winter, spring, and fall.

There are 27 full-time instructors who teach online courses at the school, which is several more than the average program on this list. Ninety-three percent of these faculty members have a Ph.D. or terminal degree, and 25 of them are tenured or on track to be. Additionally, successful applicants at Colorado State University have an average GMAT score of 453, which is the lowest average of any school on this list.

34. University of Cincinnati

Program Facts

Tuition Per Credit$821
Accept. Rate64%
Avg. Under-grad GPA3.3
Avg. GMAT643
3yr Grad Rate59%
LocationCincinnati, OH
Admissions #(513) 556-7024

The online MBA program at the University of Cincinnati offers a variety of health care concentrations including health care finance, health care operations, health care policy and regulation, and health care administration. Students who aren’t interested in pursuing a career in health care can also choose from concentrations such as corporate taxation and marketing. The program requires students to complete between 38 and 48 credit hours, which they can take up to five years to complete. However, the average student completes the program in a little more than two years.

This AACSB-accredited program is one of the more expensive ones on the list. Full-time, out-of-state students pay a total of $40,677 for the program. The average program on this list costs less than $35,000 to complete. That being said, only 34% of students graduate from the program in debt.

33. University of Nebraska

Program Facts

Tuition Per Credit$630
Accept. Rate79%
Avg. Under-grad GPA3.3
Avg. GMAT609
3yr Grad Rate59%
LocationLincoln, NE
Admissions #(402) 472-2338

The MBA@Nebraska is available completely online, but for those who require a little more hands-on learning, the Flex MBA program blends online learning with on-campus courses, which are taken at the school’s Howard L. Hawks Hall. The online program requires students to complete 48 credit hours. Five concentrations are available, including marketing, finance, and international business. Students who prefer to customize their degree can do so by choosing their own electives or combining specializations.

Students complete their studies in a series of eight-week terms rather than semester terms, which is how most programs on this list are structured. All of the instructors who teach this school’s online MBA courses also teach on campus, which means the coursework and quality of education should be on par with the traditional classroom format

32. University of Michigan

Program Facts

Tuition Per Credit$1397
Accept. Rate50%
Avg. Under-grad GPA3.4
Avg. GMAT592
3yr Grad Rate61%
LocationDearborn, MI
Admissions #(313) 593-5460

Students in the University of Michigan’s AACSB-accredited online MBA program can complete their degree with 36 to 48 credit hours. The school offers rolling admission for this program with start dates in January, May, or September. It also offers dual-degree MBA/MS programs in concentrations including health services administration, information systems, and industrial and systems engineering. Students who are enrolled in the online MBA program at the University of Michigan are offered extensive opportunities to network with faculty and peers.

With an acceptance rate of only 50%, this program is the most difficult on this list to gain acceptance into. Students who are accepted to this program have an average GPA of 3.4 and an average GMAT score of 592.

31. Stevens Institute of Technology

Program Facts

Tuition Per Credit$1620
Accept. Rate84%
Avg. Under-grad GPA3.3
Avg. GMAT569
3yr Grad Rate61%
LocationHoboken, NJ
Admissions #(888) 783-8367

New Jersey’s Stevens Institute of Technology offers an accredited online MBA program that allows students to specialize in a concentration of their choosing, such as corporate innovation, project management, or information systems. Students can start their online MBA program in winter, spring, or fall — application deadlines are on October 15, January 15, and April 1. Students need a total of 39 credit hours to graduate from this program. The online MBA program at this school doesn’t require students to have professional business experience before they apply; however, those who do typically have priority.

This accredited MBA program appeals to more minority students than most of the other programs on this list. Stevens Institute of Technology’s online MBA program student body is made up of 21% minority students, while the average program on this list has only 18%.

30. Oklahoma State University

Program Facts

Tuition Per Credit$360
Accept. Rate83%
Avg. Under-grad GPA3.3
Avg. GMAT567
3yr Grad Rate61%
LocationStillwater, OK
Admissions #(405) 744-2951

Oklahoma State University’s Watson Graduate School of Management offers an online MBA program with a variety of concentration options, including information assurance, nonprofit management, data science, and energy business. The school also offers an enhanced MBA in entrepreneurship, which integrates all areas of business to create a well-rounded degree program. Students in the program are required to earn 33 credits, which can be completed in as few as 12 months. Students must submit applications by July 1 each year to be considered for acceptance into the program.

The average age of new students in this program is only 29, which is four years younger than the average school listed here. While only 1% of students are international, 18% of those enrolled are minority students.

29. University of New Hampshire

Program Facts

Tuition Per Credit$910
Accept. Rate94%
Avg. Under-grad GPA3.1
Avg. GMAT550
3yr Grad Rate63%
LocationDurham, NH
Admissions #(603) 862-1367

The University of New Hampshire’s accredited online MBA program offers two start dates annually in the fall and spring. Most students complete their degree in a period of two to three years. Although the school doesn’t require students to submit GMAT scores for acceptance, it does encourage it. Concentration options include growth and innovation, hospitality management, and global business.

The program has 22 faculty members who are tenured or on track to be. This is more than the average program on this list, which has only 17 faculty members who are tenured or on a tenure track. Although the school doesn’t require instructors to receive ongoing education and training, it does require instructors to submit to regular formal peer reviews.

28. University of Memphis

Program Facts

Tuition Per Credit$1091
Accept. Rate94%
Avg. Under-grad GPA3.4
Avg. GMAT555
3yr Grad Rate64%
LocationMemphis, TN
Admissions #(901) 678-2111

Students who are enrolled in the University of Memphis’ online Professional MBA are required to complete 33 credit hours. The school offers three start dates throughout the year in the spring, summer, and fall, with application deadlines on December 1, May 1, and July 1, respectively.

This school is the easiest to get into on this list. The University of Memphis’ program accepts 94% of applicants. Those who are accepted have an average undergraduate GPA of 3.4 and an average GMAT score of 555.

27. University of North Dakota

Program Facts

Tuition Per Credit$404
Accept. Rate88%
Avg. Under-grad GPA3.3
Avg. GMAT585
3yr Grad Rate64%
LocationGrand Forks, ND
Admissions #(701) 777-5892

The University of North Dakota’s online Master of Business Administration consists of classes for both on-campus and online students. All online students are required to attend live classes, which they may access remotely. These classes are offered during the evening to accommodate students who work full-time. The program offers some unique concentration options, such as government and business, social entrepreneurship, and business analytics. To graduate, students are required to complete 43 credit hours.

In-state students pay only $404 per part-time credit, less than half of the average school on this list ($857.92 per part-time credit). Unlike most of the programs on this list, out-of-state students are subject to the same tuition fees as in-state students.

26. University of North Texas

Program Facts

Tuition Per Credit$767
Accept. Rate60%
Avg. Under-grad GPA3.5
Avg. GMAT562
3yr Grad Rate65%
LocationDenton, TX
Admissions #(940) 369-8977

The University of North Texas’ accredited MBA online is accelerated, allowing students to earn their degree in only eight weeks. The school offers five start dates throughout the year in January, March, June, August, and October. There are multiple concentrations to choose from, including supply chain analytics and human resource management.

This is one of the more difficult programs on the list to get into, with an acceptance rate of only 60%. The average program on this list accepts 73.6% of applicants.

25. Washington State University

Program Facts

Tuition Per Credit$813
Accept. Rate60%
Avg. Under-grad GPA3.5
Avg. GMAT551
3yr Grad Rate68%
LocationPullman, WA
Admissions #(877) 960-2029

Washington State University’s online MBA program students can choose from one of the school’s four concentration options: finance, hospitality business management, marketing, or international business. The program consists of 36 credits, and most students complete the program in a period of 22 to 29 months. Although the program can be completed entirely online, students have the opportunity to enroll in an optional international field study, the location of which changes each year.

As of 2016/2018, 155 of the program’s students were veterans or active service members, which is the highest number of any program on this list. The average program listed here has only 33 veterans or active service members enrolled.

24. Boise State University

Program Facts

Tuition Per Credit$750
Accept. Rate91%
Avg. Under-grad GPA3.3
Avg. GMAT550
3yr Grad Rate69%
LocationBoise, ID
Admissions #(855) 290-3840

Boise State University offers unique MBA concentrations such as construction management and health care leadership, as well as the more traditional online MBA in management. Students can complete an online MBA at this school in as few as 12 months and the program requires a total of 49 credit hours to graduate. The school offers six start dates each year in January, March, May, June, August, October, and November. Application deadlines are typically 20 to 30 days prior to the selected start date.

Students at this school are allowed up to seven years to complete all the credits they require to earn their degree, which is one year more than the average program on this list.

23. Western Kentucky University

Program Facts

Tuition Per Credit$707
Accept. Rate88%
Avg. Under-grad GPA3.4
Avg. GMAT528
3yr Grad Rate70%
LocationBowling Green, KY
Admissions #(270) 745-5458

Western Kentucky University’s online MBA program offers several concentration options, including marketing analytics and strategic management. The school offers an accelerated program that’s eight weeks in length and offers five start dates throughout the year in January, March, June, August, and October. Students who need more time to complete their program can earn an degree part-time in as little as 14 months.

The average class size for this program is only 16 students, which is 13 fewer students than the average school on this list. That means instructors should have more time to provide students with individualized help and attention.

22. George Washington University

Program Facts

Tuition Per Credit$1825
Accept. Rate80%
Avg. Under-grad GPA3.3
Avg. GMAT590
3yr Grad Rate70%
LocationWashington, DC
Admissions #(202) 994-1212

In this unique program, the curriculum is inspired by the school’s rich institutional and professional relationships in the private, public, and NGO sectors. Students who are enrolled in this program are granted the opportunity to take in a four-day residency course in Washington DC. Students can apply year-round, and program start dates are available in August, January, and May. In most cases, students take six credit hours per semester; however, the program allows students to tailor this to their own schedule and lifestyle.

Students in this program require a total of 55 credits to graduate, which is the second-most of any school on this list, coming in behind only the University of North Carolina’s program. The average program on this list requires only 41 credits to graduate.

21. Louisiana Tech University

Program Facts

Tuition Per Credit$365
Accept. Rate73%
Avg. Under-grad GPA3.3
Avg. GMAT475
3yr Grad Rate71%
LocationRuston, LA
Admissions #(318) 257-2924

The Master in Business Administration at Louisiana Tech University offers students who’ve completed 15 hours of foundation courses at the university the opportunity to earn their MBA conveniently on their own schedule. While the online version of the school’s program doesn’t offer the opportunity to select a concentration, students are required to choose two electives, which can be any 500-level business course the university offers. Students can apply for the program at any time, and start dates are scattered throughout the year.

The average GMAT score of students who are accepted to this program is 475, which is quite a bit lower than the average of the schools on our list, 558. As a result, 73% of the students who apply to the Louisiana Tech University program are accepted.

20. SUNY

Program Facts

Tuition Per Credit$743
Accept. Rate80%
Avg. Under-grad GPA3.2
Avg. GMAT548
3yr Grad Rate71%
LocationOswego, NY
Admissions #(315) 312-3152

Students who are enrolled in the SUNY Oswego online MBA program enjoy a flexible curriculum and a variety of program options, including nursing home administration. Applications are accepted year-round, and students are welcome to start the program at any time during the year. Most students in the Oswego online MBA program attend school full-time for a complete year — a full-time student who studies year-round and starts the program in May should graduate the following summer.

The average tuition cost for full-time, in-state students is $22,284, which is $14,408 less than the average school on this list. The affordability of this program means that only 45% of 2017-2018 graduates finished school with debt.

19. Central Michigan University

Program Facts

Tuition Per Credit$625
Accept. Rate68%
Avg. Under-grad GPA3.3
Avg. GMAT499
3yr Grad Rate72%
LocationMount Pleasant, MI
Admissions #(877) 268-4636

Central Michigan University accepts students for its online MBA in the fall, spring, and summer. Applications are accepted starting on the 15th of January, April, and September. Students are required to earn 36 credits to successfully complete the program, 27 of which must be earned in the core program. Students can choose from a variety of concentrations including business analytics, entrepreneurship, or VDO emphasis.

The average age of students enrolled in the online MBA at Central Michigan University is 31 years, which is about average when compared with the other programs listed here. As of 2017, only 19% of graduates finished the program with debt, which is exceptionally low when compared with most other programs on this list.

18. Quinnipiac University

Program Facts

Tuition Per Credit$935
Accept. Rate62%
Avg. Under-grad GPA3.3
Avg. GMAT540
3yr Grad Rate72%
LocationHamden, CT
Admissions #(877) 403-4277

The online MBA program at Quinnipiac University provides students with the opportunity to earn an accredited mba online program on a part-time basis. Most students who complete the program study over the course of four years, which is about two years longer than the other programs on this list. While the program is able to accommodate specializations in a variety of fields, the school is highly acclaimed for its healthcare management MBA program. Applications are accepted for programs starting in spring, summer, and fall and are typically due within one month of the program’s start date.

The instructors teaching the MBA program at Quinnipiac University have an average of eight years of experience teaching online courses, and all instructors have a Ph.D. or terminal degree. Of the 38 full-time instructors at this school who are teaching the program, 32 are tenured or on track to be.

17. University of Delaware

Program Facts

Tuition Per Credit$900
Accept. Rate66%
Avg. Under-grad GPA3.3
Avg. GMAT593
3yr Grad Rate73%
LocationNewark, DE
Admissions #(302) 831-4626

University of Delaware’s Alfred Lerner College of Business and Economics’ online MBA provides professional students with the opportunity to earn an MBA in as little as 16 months. Students can apply to the program regardless of their undergraduate background and, upon completion, are provided with a personal career coach who will provide services such as career counseling and resume assistance. U of D’s program accepts applications in the spring and fall. Admission deadlines vary depending on the program concentration but usually fall several months ahead of the program’s start date.

Only 66% of prospective students who apply to the program are accepted, which is 8% less than the average school on this list. Those who are considering applying should be aware that the average GMAT score of students accepted to this program is 593.

16. Southern Illinois University

Program Facts

Tuition Per Credit$854
Accept. Rate74%
Avg. Under-grad GPA3.4
Avg. GMAT525
3yr Grad Rate74%
LocationCarbondale, IL
Admissions #(618) 453-3030

Students in Southern Illinois University’s online MBA work with a cohort of other students throughout the program. Most of the instructors who teach the online MBA program at the school also teach the on-campus MBA program. The school offers several concentration options, including agribusiness. Students who wish to apply for this program are required to apply by June 1. The program consists of 42 credits, and students are allotted a period of up to five years to complete all of the coursework. Students who have more than five years of professional work experience in their field, as well as an undergraduate degree aren’t required to take the GMAT or GRE exams.

15. Florida International University

Program Facts

Tuition Per Credit$1000
Accept. Rate64%
Avg. Under-grad GPA3.3
Avg. GMAT500
3yr Grad Rate74%
LocationMiami, FL
Admissions #(305) 348-3125

The online MBA program at Florida International University offers students the opportunity to earn their degree at their own pace with full-time, part-time, and fast-track programs. The school offers students the opportunity to attend a two-day residency at the school every fall and spring, which provides them with the opportunity to attend workshops and networking events while they work alongside their fellow students.

FIU has the most minority students enrolled of any school on this list with 75% of the student body being comprised of minority students. In 2017, 75% of the students that attended FIU’s program graduated with tuition debt, which is more than any other school on this list.

14. Ball State University

Program Facts

Tuition Per Credit$616
Accept. Rate63%
Avg. Under-grad GPA3.4
Avg. GMAT539
3yr Grad Rate76%
LocationMuncie, IN
Admissions #(765) 285-1931

Ball State University’s online MBA program allows students to choose from one of six concentrations, including health economics, policy, and administration. The school offers start dates in fall, spring, and summer with application deadlines falling two weeks prior to the program’s start date. The school offers GMAT/GRE waivers for applicants who have an undergraduate or graduate degree from the Miller College of Business and earned a GPA of 3.2 or higher. Additionally, unlike other schools, Ball State University doesn’t require students to have professional work experience prior to applying.

Ball State University’s program has an acceptance rate that’s below the average of the schools on this list at just 63%. However, students applying to this school can feel some relief knowing that the tuition is nearly $10,000 below the average school listed here.

13. University of Wisconsin MBA Consortium

Program Facts

Tuition Per Credit$775
Accept. Rate85%
Avg. Under-grad GPA3.4
Avg. GMAT596
3yr Grad Rate78%
LocationEau Claire, WI
Admissions #(715) 836-6019

The MBA program at the University of Wisconsin requires students to earn a total of 14 credits from electives, in addition to the 16 credits they must earn in the program’s core courses. The electives that are available cover a wide range of business topics including non-profit management and health care administration. The program has start dates in fall, spring, and summer with application deadlines falling on August 1, December 1, and April 1.

Although the average debt of students graduating from the University of Wisconsin’s online MBA program is more than $40,000, only 37% of the students who completed the program in the 2017/2018 school year owed money for their tuition upon graduation.

12. University of Mississippi

Program Facts

Tuition Per Credit$810
Accept. Rate31%
Avg. Under-grad GPA3.5
Avg. GMAT566
3yr Grad Rate81%
LocationUniversity, MS
Admissions #(662) 915-5483

The University of Mississippi’s Ole Miss Business online MBA program consists of 36 hours of coursework that’s designed to be completed over two years. Students who are enrolled in this program are allowed to take up to six years to complete their degree. The program has three start dates throughout the year in January, May, and August. Students enrolled have opportunities throughout the program to meet alumni.

Of the students enrolled in the U of M’s program, 13% are sponsored by their employers, while 3% have applied while enlisted in the military, which indicates the school’s appeal to companies and organizations that are looking to promote their employees. The school is also a member of the Yellow Ribbon Program.

11. The University of Tennessee at Martin

Program Facts

Tuition Per Credit$585
Accept. Rate68%
Avg. Under-grad GPA3.1
Avg. GMAT552
3yr Grad Rate82%
LocationMartin, TN
Admissions #(731) 881-7012

Students with an undergraduate degree and a minimum of two years of work experience in any field are welcome to apply to the University of Tennessee at Martin’s online MBA program. The program assigns 20 students to a single cohort who work together to provide camaraderie, encouragement, and motivation. All coursework, including textbooks, is available online and the program typically takes students 18 to 24 months to complete. Students require 38 credits in the program to graduate.

Unlike most of the other programs on this list, 100% of the students enrolled in the UT Martin’s online MBA program are employed when they enroll. This program is also among the least expensive, with students paying just $532 per full-time credit.

10. University of Utah

Program Facts

Tuition Per Credit$1225
Accept. Rate66%
Avg. Under-grad GPA3.3
Avg. GMAT557
3yr Grad Rate82%
LocationSalt Lake City, UT
Admissions #(801) 587-8870

The University of Utah’s online MBA program shares a team of instructors with the school’s on-campus MBA program. Its website states that students who graduate the program report an average salary increase of 34% after they’ve successfully graduated, while 56% report receiving a promotion while they were enrolled. Programs start in May and February, and applications are accepted starting on September 15 and January 15 each year. U of U’s online MBA program consists of 48 credits and can be completed as quickly as 24 months.

The student body size at the U of U is considerably smaller than most of the other schools on the list at only 121 students. The average program on this list has 291 students enrolled, which is 170 students more than at the U of U.

9. West Texas A&M University

Program Facts

Tuition Per Credit$410
Accept. Rate76%
Avg. Under-grad GPA3.4
Avg. GMAT550
3yr Grad Rate83%
LocationCanyon, TX
Admissions #(806) 651-2731

The online MBA at West Texas A&;M University can be completed entirely online or in combination with on-campus courses. The program is intended to be completed within a period of two years; however, the school welcomes students to work at their own pace and if they choose, they may complete the program at a quicker pace. Admission requirements for the program are flexible. While prospective students must possess an undergraduate degree with a minimum 3.00 GPA, the school has chosen to give students the opportunity to enroll in the program without taking the GMAT exam if they choose.

The number of full-time instructors teaching courses at school is above the average on this list at 49 full-time instructors. That’s 19 more full-time instructors than the average school listed here, which means that students should be able to get assistance when they require it more easily.

8. University of Arizona

Program Facts

Tuition Per Credit$1000
Accept. Rate88%
Avg. Under-grad GPA3.3
Avg. GMAT553
3yr Grad Rate85%
LocationTucson, AZ
Admissions #(520) 621-2281

Students at the University of Arizona’s Eller College of Management can earn their MBA online in as little as 14 months; however, the school offers students as long as 30 months to complete their coursework. Six start dates are offered throughout the year, and the program offers students the opportunity to choose from one of six concentrations including privacy and security, health care management, and management and organizations. Because all online credits earned can be transferred to on-campus credits, students can easily transfer between the school’s online MBA program and the on-campus MBA program.

The University of Arizona’s instructors have an average of three years of experience in teaching online courses, which is less than the average school on this list. However, students enrolled in this program should appreciate that the program’s instructors are required to participate in formal peer reviews and enroll in continuing education programs on a regular basis.

7. Arizona State University

Program Facts

Tuition Per Credit$1226
Accept. Rate61%
Avg. Under-grad GPA3.3
Avg. GMAT590
3yr Grad Rate89%
LocationTempe, AZ
Admissions #(480) 965-3332

Arizona State University offers online MBA students the opportunity to combine their degree with a master of legal studies, MSA in electrical engineering, or an MS in industrial engineering if they choose. The school also offers four MBA specialization options: finance, international business, marketing, and supply chain management. Courses start twice per year, in January and August.

The number of veterans enrolled in ASU’s MBA degree is above average when compared to the other schools listed here. Of the program’s student body, 73% is made up of veterans or active service members. The school is also a member of the Yellow Ribbon Program, which helps active military members and veterans to pay for tuition costs.

6. University of North Carolina

Program Facts

Tuition Per Credit$1884
Accept. Rate60%
Avg. Under-grad GPA3.2
Avg. GMAT649
3yr Grad Rate90%
LocationChapel Hill, NC
Admissions #(919) 962-8919

Students enrolled in the online MBA program at the University of North Carolina are required to complete 62 credits in a period of up to 36 months. Concentrations that are available include strategy and consulting, finance, entrepreneurship, and marketing; however, students whose interests cover multiple topics are granted the opportunity to customize their curriculum to meet their goals and interests. UNC offers program start dates in January and April, and students should submit their applications in September for a January start or in December for an April start.

At an average of 649, students at UNC have the highest GMAT scores when compared to those at other schools listed here. The average GMAT score among the schools in this list is nearly 98 points lower at 558.

5. Hofstra University

Program Facts

Tuition Per Credit$1375
Accept. Rate86%
Avg. Under-grad GPA3
Avg. GMAT
3yr Grad Rate92%
LocationHempstead, NY
Admissions #(800) 463-7672

Online MBA students at Hofstra University have a variety of options when it comes to their specialization, including strategic business management and strategic healthcare management. The program requires students to earn 45 credits; however, students with a business undergraduate degree may be eligible to earn an MBA with only 38 credits.

When compared with other schools on this list, Hofstra University’s acceptance rate is 12% above average, at 86%. While most students are expected to graduate the program within two years, the school allows students up to five years to complete their studies.

4. Florida Atlantic University

Program Facts

Tuition Per Credit$800
Accept. Rate73%
Avg. Under-grad GPA3.2
Avg. GMAT
3yr Grad Rate93%
LocationBoca Raton, FL
Admissions #(561) 297-2470

Florida Atlantic University’s online MBA program is a 23-month program that encompasses 40 to 46 credits. The program is known for accepting students who have been sponsored by their employers. Students can apply to begin the program in either January, May, or September and must have a minimum of four years of professional experience to qualify for admittance. While the school does require most students to successfully take the GMAT/GRE, those who have an advanced degree may receive a GMAT/GRE waiver. Students in the International Business program are invited to participate in an international field study tour, which features a different destination each school year.

The FAU Career Center provides career services including career assessment, career counseling, and business networking events to students, faculty, and alumni of its business programs, including the online MBA program. FAU is one of only 12 schools on this list to provide a dedicated career center to its students.

3. University of Florida

Program Facts

Tuition Per Credit$1208
Accept. Rate46%
Avg. Under-grad GPA3.3
Avg. GMAT588
3yr Grad Rate97%
LocationGainesville, FL
Admissions #(352) 392-7992

An AACSB-online MBA can be earned at the University of Florida in a period of just 20 or 21 months, and the courses are available completely online. The program has three start dates during the year in January, May, and August. Applications are due on the first of the month prior to the student’s chosen start date but may be accepted later if space is still available in the program. Students who are accepted into the program are invited to attend an academic orientation prior to the start of their courses.

Instructors of the program at the school have been teaching online courses for an average of 10 years, which is several years more than the average instructor on our list.

2. Missouri University of Science & Technology

Program Facts

Tuition Per Credit$1200
Accept. Rate90%
Avg. Under-grad GPA3
Avg. GMAT620
3yr Grad Rate100%
LocationRolla, MO
Admissions #(573) 341-4165

Students in the online MBA program at the Missouri University of Science & Technology are provided with hands-on, real-life training throughout their studies. As an alternative to taking the GMAT/GRE, students may enroll in the school’s Graduate Certificate program, which upon successful completion may grant them acceptance into the MBA program. The program consists of 36 credit hours and is completed entirely online. Multiple start dates are available throughout the year and students are welcome to apply at any time.

Students who graduated from the school’s program in 2017/2018 had an average student debt of only $3,550, the lowest of any school listed here. That’s nearly $33,000 less than the average student indebtedness for students graduating from the MBA programs on this list in the 2017/2018 school year.

1. Creighton University

Program Facts

Tuition Per Credit$1128
Accept. Rate85%
Avg. Under-grad GPA3.3
Avg. GMAT503
3yr Grad Rate100%
LocationOmaha, NE
Admissions #(402) 280-2703

The online MBA program at Creighton University allows students who possess an undergraduate degree in business to pick and choose core subjects that meet their needs and interests most. Concentrations areas are vast and include Financial Psychology & Behavioral Finance, as well as Business Intelligence &; Analytics. The program consists of 33 credit hours and offers several start dates throughout the year. Application deadlines are on either the first or 15th of the month prior to the program start.

When compared with other programs on this list, the average MBA class size at Creighton University is far smaller. With an average of only 15 students per class, which is 13.8 students fewer than the average class of the other programs listed here, instructors are available to give more individualized instruction and assistance than in many other online MBA programs.

Online MBA Accreditation – What does it mean? Why is it important?

Accreditation refers to a process through which schools, colleges, universities, and other higher education bodies are validated. There are standards that these centers of higher learning must meet in order to receive accreditation, which are set by an authorized accrediting agency. For online MBA programs, accreditation comes from agencies such as AACSB, AMBA, and EQUIS. Each of these agencies has a board comprised of faculty members from various educational institutions who take on the responsibility of setting the accreditation standards.

A college or university is accredited after areas such as the following pass a review by the accrediting body:

  • Overall Mission of the College
  • Objectives and Goals
  • Student Requirements for Admissions
  • Services Available to Students
  • Quality of Education
  • Reputation of Faculty

Accreditation can make the difference between embarking on an exciting career path or being saddled with debt and worthless college credits.

When a school or college has passed an accreditation process, it usually means that its degrees will tend to be valued by employers. That is why it is important to make sure that your Master of Business Administration degree and business school has the right accreditation.

The accreditation process is often a rigorous one. As mentioned above, there are several areas that are assessed and evaluated, including faculty, services, infrastructure, curriculum, and various other things. In order to gain the right accreditation, the institution must pass the expected standards in each of the areas evaluated by a certain body. The overall evaluation process takes a long time, so accreditation is usually granted within several years. For example, the AACSB’s initial accreditation process takes about three to five years. And accreditation is not a one-time process; it involves continuous evaluation that occurs periodically to ensure that a college or university continually maintains these standards. In order to maintain accreditation, the institution must prove that it is constantly developing and improving. The idea is to make sure that the institution and its programs remain relevant and adaptable to the ever-changing higher education and business environment.

Accreditation is a stamp of quality and prestige for a business school and its MBA programs.

Top Accrediting Bodies

Three top agencies are responsible for accrediting Master of Business Administration programs across the globe. They are:

1. AACSB

“AACSB” stands for Association to Advance Collegiate Schools of Business. It is a US and Singapore-based accrediting agency that is responsible for accrediting undergraduate and graduate business programs all over the world. The agency was established in 1919 and has accredited business degrees and schools across more than 40 countries. In 1980, the AACSB started accrediting accounting programs as well. An AACSB accreditation holds a lot of value, ensuring that accredited schools “have the highest-quality faculty, deliver relevant and challenging curriculum, and provide educational and career opportunities that are not found at other business schools.”1 In fact, less than 5% of the over 16,000 business schools in the world have qualified for accreditation by the AACSB.1 The AACSB conducts an evaluation of a program or school every five years. Only 700 institutions in the world enjoy an AACSB accreditation and 75% of those institutes are in the US.1

2. AMBA

The “AMBA” or Association of MBAs is based in London, England. The agency has accredited business programs and schools in more than 49 countries. About 61% of AMBA-accredited MBA programs and business schools are located in Europe. In the US, only 2% of business programs and schools have AMBA accreditation. The AMBA began its operations in the 1980s. The agency is also responsible for accrediting other programs such as DBAs (Doctor of Business Administration) and MBMs (Master of Business and Management). The AMBA evaluates areas such as curriculum, faculty, strategy, assessment methods, and mission. According to AMBA standards, at least 25% of the faculty at a given school should possess a master’s or doctoral degree in a relevant field.

Accreditation by a national or regional accrediting body creates a gateway for students to participate in more federally funded and state financial aid programs.

3. EQUIS

“EQUIS” stands for European Quality Improvement System. It is an accrediting agency operated by the EFMD Management Development Network. EQUIS is responsible for accrediting undergraduate, graduate, and doctoral programs, especially MBA programs. The agency evaluates areas such as resources, corporate connections, faculty, governance, programs, research and development, students, and even contributions to the community. Only three schools in the United States are accredited by EQUIS.

Accreditation and Financial Aid

As mentioned, pursuing an MBA can be very expensive. That’s why most students seek some sort of financial assistance to support their education. The financial assistance can come from a wide range of sources in the form of grants, loans, assistantships, and scholarships.

Financial aid from federal and state governments have conditions associated with them, one of which is that the school or program must be accredited by a national or regional accrediting agency that is recognized by the US Department of Education. This is yet another reason why accreditation is important. It proves to the government that the institute offers high-quality education to citizens, which is why they are willing to provide financial assistance to students.

Accreditation organizations evaluate the quality standards of a business school’s teaching, faculty, services, and students, among other things.

Which Online MBA Program is Right for Me?

Each year, over 150,000 individuals in the United States alone are awarded traditional campus or MBA online accredited programs. The receipt of an online MBA marks a momentous occasion in graduates’ lives, as they gear up for a rewarding professional career, one many of them road mapped years before joining a business school. Almost 90% of online MBA program graduates state that their degree has been beneficial to them. But choosing an MBA accredited online program is not easy; in fact, there are many things to think about before settling for one.

1. Program Flexibility

When considering an MBA program, you should look at the duration of each program and the flexibility they offer. Managing a job while pursuing an MBA degree is not easy. If you are a working student, the program should ideally allow you to make changes or adjustments if you need to focus on your career. A lot of schools allow online students to complete an MBA program in three to five years. Having more time to complete your degree will give you more flexibility so that you do not have to compromise your job responsibilities.

It’s not just the long-term flexibility that matters. You should also consider the everyday flexibility offered by the program, such as whether the online coursework is offered synchronously or asynchronously. Synchronous learning requires students to be present at certain times for lectures, presentations, or class discussions. Asynchronous learning allows students to participate in coursework at their own pace without scheduled lectures or start and stop times. Inherently, asynchronous learning is more flexible than synchronous learning, so it is more conducive to a working professional’s busy schedule.

2. Interaction with Peers and MBA Faculty

An MBA program isn’t just about the coursework and skills taught. A solid MBA program also provides learning opportunities through networking, mentoring, and peer interaction. Even online programs should provide a high level of interaction with professors and fellow students. Faculty teaching online programs should be available to students for consultation, and discussion should be facilitated between online students so that they can forge relationships that last beyond graduation.

3. Access to Business School Resources and Services

Some schools offering online degrees may compromise on their quality. So when choosing an accredited mba online, it is necessary to verify that online students have access to the same resources as on-campus students. For example, the faculty should be primarily the same for both the online and on-campus programs. Online students should also receive access to the same services as on-campus students, including services such as career placement and academic advising.

4. MBA Accreditation

MBA accreditation is important for any undergraduate or graduate program because many potential employers will place a higher value on accredited programs. The accreditation bodies that are among the most widely valued are the Association to Advance Collegiate Schools of Business (AACSB International or AACSB), the Association of MBAs (AMBA), and the European Quality Improvement System (EQUIS through the European Foundation for Management Development or EFMD).

5. Return on Investment (ROI)

Earning an MBA degree should theoretically help you in your career. While an MBA degree is an investment, think of it as an investment that will offer a direct return for your money. It’s a good idea to understand ahead of time the potential effect an MBA will have on your career so that you can weigh that potential with the upfront cost of the degree. If your new MBA helps you land that promotion you’ve been after, how many years will it take to earn back what you spent on the MBA?

It is important to choose a program that suits not only your career goals but also your budget.
When evaluating the ROI, consider the curriculum offered by the program. Make sure it is in line with your career goals and that it focuses on present-day business standards. Compare the online curriculum to the on-campus curriculum to ensure they are similar or the same.

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Search Online MBA Programs by State

Even MBA applicants should explore degree programs offered in their home states as some universities offer lower tuition rates for in-state students. Use our state pages to learn more about top accredited programs offered close to home or your preferred state across the country.


References:
1. AACSB, Best Business Schools: https://bestbizschools.aacsb.edu/aacsb-accredited
2. ACBSP, Business Schools:https://www.acbsp.org/page/accreditation
3. IACBE, Business Schools:http://iacbe.org/accreditation/
4. National Center for Education Statistics: https://nces.ed.gov/collegenavigator/
5. US News & World Report, Best Online MBA Programs: https://www.usnews.com/education/online-education/mba/rankings
6. Council for Higher Education Accreditation (CHEA): https://www.chea.org/