Online MBA in New Jersey
Welcome to our online MBA in New Jersey guide. If you are searching for an online MBA program – and want to cut back on your research time – this is the place for you. We have done the research for you and we’ve put together this guide to help you find the most up-to-date information. Plus, we have organized the guide 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!
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 can be just as rigorous as traditional full-time/part-time MBA programs. Take a look at some of the universities in the state that offer an online MBA.
The five online MBA programs in New Jersey found below are listed in alphabetical order.
1. New Jersey Institute of Technology
The online Master of Business Administration at the School of Management, which is fully accredited by the Association to Advance Collegiate Schools of Business (AACSB), requires 48 credit hours to graduate. This translates to 16 courses, with students taking two courses per semester. As a result, the total duration of the program is eight semesters of 15 weeks, or roughly 30 months/two-and-a-half years. Specializations are offered in Marketing, Finance, and Management Information Systems (MIS). The school strongly believes against structuring the coursework to include “hot” or trendy 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. US News & World Report ranks the online MBA program #117 nationwide, and the university itself comes in at #140 among all 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 at the Rohrer College of Business takes about 22 months to complete. This program is notable because it prepares students for taking up managerial-level roles in governmental and non-governmental organizations, in addition to commercial accounting firms. Another good thing about the program is that prospective students 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. US News & World Report ranks Rowan #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 & World Report, and it offers a 100% online Master of Business Administration degree. 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.
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 US News & World Report. It offers online mini-MBA programs, which typically take 35-40 hours to complete over a period of 12 weeks. The course content is divided across 10 modules and a Capstone project (business strategy simulation tool that allows students 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 questions students may have regarding the coursework, in addition to being available 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 coursework is delivered through a proprietary app), Business Essentials, and Entrepreneurship.
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 & World Report, is accredited by the AACSB. It takes a minimum of 36 credits to graduate, 15 of which must be in your intended major/department. Online students prepare presentations, participate in group projects, take part in live lectures, and download and study course content at your convenience. Technology is fully leveraged in this online MBA program in New Jersey, but 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 program has been developed using the latest research in innovation, marketing, analytics, and management. It also focuses on how data can impact business and why it must be used to help solve problems or create opportunities.
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MBA Programs in New Jersey
Following are some of the AACSB-accredited business schools 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? No problem. You can still complete your MBA, and if you have an undergraduate degree in Business, it may take you less time. No GMAT? Don’t worry. 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
The Silberman College of Business is accredited by the Association to Advance Collegiate Schools of Business 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 earn their MBA in as little as 15 months in 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. The degree 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 US News & 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 AACSB International and its Master of Business Administration program offers five concentrations, 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 one year. The part-time MBA at Leon Hess has been rated #208 nationwide by US News & World Report, and the university has been rated #36 among all regional universities in the North. The average applicant is age 26 and has two years of work experience 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 around 84% and class sizes are small.
3. Montclair State University
The AACSB International-accredited Master of Business Administration program at Montclair State University requires 49.5 semester hours to complete, which 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 can be received all throughout the year. The acceptance rate is around 72%, and the average applicant has a 3.27 undergraduate GPA. Students may waive up to 12 credit hours depending on previous undergraduate or graduate-level study, and the remaining 37.5 credit hours must be completed in order to graduate. The part-time MBA is jointly ranked #208 by US News & 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 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 but must be discussed with the candidate’s academic advisor. The school does not structure the program around “hot” management topics. Full-time and part-time study are possible. 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 universities in the United States by US News & 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 to complete it. The Ramapo MBA takes 42 credit hours to complete, and this is accomplished by completing two courses of six credits each during ten weeks (an academic term). Seven such terms complete the program. The size of the class has been capped at 35, and it is designed for those with at least 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 at Rider University include Finance, Business Analytics, Forensic Accounting, and Global Business. However, concentrations are optional, and you may choose to pursue a general MBA at Rider instead. Rider has been ranked #22 among all regional universities in the North. For those with undergraduate degrees in Business, the program may take only 33 credit hours, and for those without, it could take as many as 52.5 credit hours to graduate. The GMAT requirement can be waived or deferred and there is also an Executive MBA that takes 16 months to complete. This comes with an international study tour that provides candidates with exposure to emerging economies around the world.
7. Rowan University
At the AACSB-accredited Rohrer College of Business, the MBA is a 36-credit-hour program, which includes three electives that are worth nine credits each. In addition, a candidate can also choose a specialization. Specializations/electives are available 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 US News & 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 the part-time program can take between 27-32 months.
8. Rutgers-The State University of New Jersey-Camden
Accredited by the Association to Advance Collegiate Schools of Business, the Master of Business Administration program consists of 54 credit hours, nine of which are designated to elective courses. This AACSB program offers concentrations in Entrepreneurship, Finance, International Business/Operations Management, Management, and Marketing. Many of the students hold full-time jobs, so the emphasis is on providing a 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 program with an international study tour in either South Africa or Brazil, both of which have emerging economies. Rutgers, The State University of New Jersey-Camden is ranked #36 all regional universities in the North by US News & World Report.
9. Rutgers-The State University of New Jersey-Newark/New Brunswick
The #1 Public MBA program in the New York City region, the Rutgers School of Business is accredited by the AACSB. It is ranked #48 nationwide by US News & World Report and the average applicant is 29 years old, has five years of work experience and a 3.30 undergraduate GPA, and has 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 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 (one of the few programs offered nationwide). The average MBA applicant is 29 years old with a 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 & World Report.
11. Stevens Institute of Technology
Accredited by the AACSB, 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 aimed at students with two years of work experience. For those students with at least five years of work experience, there is an Experienced Professional MBA program, which 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 universities in the United States by US News & World Report.
12. William Paterson University
The Christos M. Cotsakos College of Business at William Paterson University is accredited by the AACSB. Its AACSB-accredited MBA program offers five concentrations: Entrepreneurship, Accounting, Marketing, Finance, and Music Management (one of the few programs offered in the country). Those who choose the Accounting concentration may be eligible to sit for the CFA examination, while those who select the Finance concentration may be eligible to take the CPA examination. Highlights of the program include an emphasis on quantitative analysis, communication skills, and technology in business. The first 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 on weekday nights. There are around 100 applicants annually, and the acceptance rate is about 64%. The average applicant is 28 and has a 3.40 undergraduate GPA. Prospective students can apply at any time throughout the year. Applications will be considered and evaluated on a rolling basis.
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 5% of the world’s 13,000 business schools have received accreditation from the AACSB, making it the benchmark for quality. But that does not mean that non-AACSB accredited programs are worthless. Some business schools may be accredited by 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, the ACBSP looks at excellence in teaching and stresses the need for continuous improvement by way of research. The ACBSP is not lax in its standards by any means; in fact, it requires a review every two years after it accredits a business school. It has accredited only 586 campuses of member educational institutions, making this accreditation as exclusive as the AACSB. Another consideration is that credits obtained from an ACBSP-accredited program are not transferable to AACSB-accredited programs and vice versa.
Another accrediting organization, the International Assembly for Collegiate Business Education or IACBE, 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 the program, a pragmatic approach. It has accredited some 230 member educational institutions so far in 20 countries worldwide. IACBE-accredited programs may only be recognized by other IACBE institutions.
Following are some schools that are not accredited by the AACSB but still offer quality online MBA programs in New Jersey.
1. New Jersey City University
The School of Business at New Jersey City University is accredited by the Accreditation Council for Business Schools and Programs (ACBSP). The Master of Business Administration, offered online, requires 36 credits to complete. This consists of 21 credits of core curriculum, 12 credits of a specialization (specializations offered 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. Those holding undergraduate degrees in Business ideally should score 560 or higher on the GMAT to be admitted. Applicants who do not meet these criteria may be admitted provisionally, with the condition that they take the Graduate Business Essentials course in the first semester with a grade of B or higher to continue with their MBA program. Provisional admittance also applies 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 ensure graduation in about two years. GRE or GMAT scores are not a prerequisite for the program, but Centenary College does require a 3.0 GPA 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 Salary 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 (the states are separated only by the Hudson River) has helped its economy to undergo several transitions over the decades. The state used to be predominantly agricultural until the mid-nineteenth century, after which railroads transformed it into a manufacturing hub. Thomas Edison set up his research laboratory in Menlo Park in 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 now claims the second-highest per capita number of millionaires in the country. New Jersey 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).
New Jersey’s gross state product income is $573 million, ahead of 42 other states. In addition to 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 salary for top executives is $102,750, but in New Jersey and the state average for management professionals is considerably more than this, at $138,750 per year. MBA graduates who do not want to stay in New Jersey could easily seek employment in neighboring New York or Philadelphia, where 12 Fortune 500 companies have their headquarters. The following table includes the average salaries for managers in the state of New Jersey.
|Job Type||Average Annual Salary- New Jersey||Administrative Services Managers||$117,140||Advertising and Promotions Managers||$135,680||Architectural and Engineering Managers||$146,520||Chief Executives||$198,870||Compensation and Benefits Managers||$149,340||Computer and Information Systems Managers||$152,520||Construction Managers||$131,130||Elementary and Secondary School Education Administrators||$124,400||Financial Managers||$154,130||Funeral Service Managers||$111,840||Human Resources Managers||$144,280||Marketing Managers||$159,320||Medical and Health Services Managers||$115,370||Natural Science Managers||$182,690||Operations Managers||$161,370||Other Managers||$127,710||Personal Financial Advisors||$113,760||Post-Secondary Education Administrators||$129,010||Public Relations and Fundraising Managers||$141,360||Sales Managers||$147,740||Training and Development Managers||$130,360||Transportation, Storage, and Distribution Managers||$119,540|
Data from the Bureau of Labor Statistics as of May 2014.