Online MBA in Alabama
Welcome to our in-depth guide on online MBA programs in Alabama. Whether you are considering an AACSB-accredited MBA degree or another online MBA program option, this guide can help you get started with its collection of Alabama specific resources. This guide is comprehensive, focusing on providing a simple (but complete) collection of every MBA option in Alabama.
Best Online MBA Programs in Alabama
We bring you only accredited online MBA programs in Alabama. An Association to Advance Collegiate Schools of Business (AACSB) International accreditation sets an MBA degree apart. You can put your career on the fast-track by planning your MBA with any one of these schools. We have listed the concentration options and the number of credit hours required for each university. You should be able to make a good choice from these accredited online MBA programs in Alabama.
(The below two online MBA programs in Alabama are listed in alphabetical order.)
1. Jacksonville State University
Jackson State University has been accredited by the AACSB International. It has also received a Southern Association of Colleges and Schools (SACS) accreditation. The AACSB online MBA degree comprises 30 credit hours. The coursework is divided into two classes for every eight-week term, and there are five terms throughout the program. The eight foundation courses take 24 credit hours in total, while business electives take six credit hours. Students can choose two electives from economics, accounting, marketing, management, and other options. The curriculum addresses accounting, finance, management, statistics, marketing, and economics. The extensive coursework also covers e-commerce subjects. Over 1,000 students are enrolled in the MBA program. Students must complete certain prerequisite courses before they can enroll, which may be fulfilled by an undergraduate degree in business. Prerequisites will be mandatory for students without an undergraduate business degree. This online MBA program in Alabama can be completed in 12 to 18 months.
2. Samford University
Samford University offers an MBA program online that is accredited by AACSB. The curriculum for the online MBA program is the same as the on-campus MBA program and allows for a more flexible class schedule. The core subjects of the curriculum include economics, finance, accounting, human resources, marketing, operations, management in information systems, corporate strategy, and organizational behavior.
Concentration options are marketing, finance, and entrepreneurship, though a concentration is not required. The staff has extensive nonprofit, consulting, and corporate experience. Cross-disciplinary learning, decision-making, critical learning, corporate and social responsibility, teamwork, and effective communication are skills learned in the Samford MBA program. Students will be prepared to work in international business environments with the practical experience they receive at Samford.
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Alabama Online MBA Salary and Job Outlook
Alabama is home to many industries, primarily agriculture, aerospace, and automotive sectors. Healthcare, banking, and education are other growing fields there. The booming automotive industry in Alabama has nearly 300 businesses, including International Diesel, Toyota, Honda, Hyundai, and Mercedes. Biotech-based companies are equally popular in the state, with over 90 biotechnology businesses there. Both automotive and biotech sectors offer job opportunities to a large population and businesses in Alabama rake up nearly $200 billion each year.
Coca-Cola, Hunt Refining, O’Neal Industries are popular private players in Alabama. These industries collectively employ more than 7,500 people there. Famous Fortune 500 companies like Regions Financial and HealthSouth also have outlets in Birmingham.
The total salaries in Alabama in 2015 were the highest in the manufacturing sector, at $13.73 billion. Healthcare, social services, and professional, technical, and scientific services followed behind.
Experienced professionals are in demand in the Alabama job market. So are MBA professionals with hands-on experience. Major corporations in Alabama seek out MBA graduates for leadership roles to give their business a competitive edge in the market by helping to increase revenue and support growth. This is exactly why corporate strategists and leaders, most with an MBA, enjoy rewarding, high-paying jobs in Alabama.
Of course, the business school that you choose can make a drastic difference to your pay package. Here’s a look at the salaries earned by different MBA graduates as shown on Payscale.
- Auburn University MBA graduates draw about $53,000 in the early career. The top-career pay is around $122,000.1
- MBA graduates from the University of Alabama- Huntsville Campus draw $67,820 in their early careers. 2
- Troy University MBA graduates earn $51,300 per year earlier on and $82,000 mid-careers.3
The field of expertise also affects the pay scale. The fields below earn the following average salaries per year, according to the Bureau of Labor Statistics.
- Chief executives: $185,8504
- Architectural and engineering managers: $141,6505
- Marketing managers: $140,6606
- Financial managers: $134,3307
- General and operations managers: $119,4608
- Human resource managers: $117,0809
It is evident from the above statistics that chief executives secure the best salaries, so it comes as no surprise that there is a stiff competition in the market for these highly-coveted executive positions. The job opportunities for chief executives over the next 10 years are actually expected to decrease by 1.2% between 2014 and 2024.10
Why Get an MBA?
1. An MBA degree can give you an edge in the job market.
In 2015, the unemployment rate in Alabama stood at about 6%, slightly higher than the national average.11 With an MBA degree from a reputed university, you will increase your chances for getting hired, and may also be able to secure higher-paying jobs than non-MBA grads.
2. MBA graduates in business positions tend to enjoy better pay packages than those without an MBA degree.
The difference in pay can be nearly twice as much. Many students who invest in MBA degrees will be able to appreciate the return on their investment relatively quickly.
3. MBA graduates are needed in Alabama’s growing fields.
Alabama is seeing growth in the Trade, Transportation, Utilities, Educational, Business Services, Financial, and Government sectors. These fields are almost always in need of skilled MBA graduates. Securing an Alabama MBA degree can help you capitalize on the growing market.
Other Popular Online MBA Program Pages
1. Payscale.com, Auburn University: https://www.payscale.com/research/US/School=Auburn_University/Salary
2. Payscale.com, University of Alabama- Huntsville: https://www.payscale.com/research/US/School=University_of_Alabama_-_Huntsville_Campus/Salary
3. Payscale.com, Troy University: https://www.payscale.com/research/US/School=Troy_University/Salary
4. US Bureau of Labor Statistics, Occupational Employment Statistics, Chief Executives: https://www.bls.gov/oes/current/oes111011.htm
5. US Bureau of Labor Statistics, Occupational Employment Statistics, Marketing Managers: https://www.bls.gov/oes/current/oes112021.htm
6. US Bureau of Labor Statistics, Occupational Employment Statistics, Architectural and Engineering Managers: https://www.bls.gov/oes/current/oes119041.htm
7. US Bureau of Labor Statistics, Occupational Employment Statistics, Financial Managers: https://www.bls.gov/oes/current/oes113031.htm
8. US Bureau of Labor Statistics, Occupational Employment Statistics, General and Operations Managers: https://www.bls.gov/oes/CURRENT/oes111021.htm
9. US Bureau of Labor Statistics, Occupational Employment Statistics, Human Resource Managers: https://www.bls.gov/oes/current/oes113121.htm
10. Projections Central, Long-Term Occupational Projections: http://www.projectionscentral.com/Projections/LongTerm
11. US Bureau of Labor Statistics, Economy at a Glance, Alabama: https://www.bls.gov/eag/eag.al.htm