Online MBA Programs in New York
|1 – Compare Programs|
|2 – Affordable Programs|
|3 – Lowest Debt Programs|
|4 – No GMAT Required|
|5 – Highest Graduation Rate|
|6 – Highest Acceptance Rate|
|7 – Full Program Profiles|
|8 – Career and Job Outlook|
Completing a master’s degree in business administration (MBA) has the potential to open many doors. Not only do MBA graduates tend to earn more than their non-MBA counterparts, but high-quality MBA programs also provide opportunities to network with executives and develop valuable consulting skills. As a result, MBAs are employed in every industry, from health care and hospitality to retail and information technology.
Many programs are now 100% online, making it even easier for graduates to jumpstart their careers and increase their earning potential. Video conferencing, discussion forums and other tools make it possible to learn from instructors and collaborate with classmates, eliminating the need to spend time in a traditional classroom.
Not all programs have the same level of quality, however, so it’s important for students to research their options carefully. This guide aims to make it easier to compare online MBA programs in New York based on their affordability, acceptance rates, graduation rates and admission requirements. It also provides state and national data to make side-by-side comparisons even easier. All data comes from individual schools, the Common Data Set, the National Center for Education Statistics, reputable publications and several accreditation databases.
Whether you are considering an MBA degree online, or another business school in New York option, this guide can help you get started with its collection of New York specific resources.
Compare Online MBA Programs in New York
Enrolling in an online MBA program is a major step in building a rewarding career. Online MBA programs in New York provide many opportunities to solve real-world problems, gain consulting skills and network with other business professionals. Here’s a quick overview of the how 15 programs compare to each other.
The table below provides an overview of 15 online MBA programs offered at business schools in New York. Each school is a private or public institution with regional accreditation, ensuring a high-quality experience. Although the schools vary in terms of their admission requirements, tuition costs, acceptance rates, average student debt rates and graduation rates, they all offer 100% online MBA programs led by experienced instructors.
|School||City||Accred.||Accept. Rate||Tuition||GPA||GMAT||3yr. Grad. Rate|
|Iona College||New Rochelle||0%||$1,206||0%|
|Mercy College||Dobbs Ferry||86%||$917||0%|
|Molloy College||Rockville Centre||71%||$1,195||0%|
|Rochester Institute of Technology||Rochester||AACSB||31%||$1,660||3.5||83%|
|St. Bonaventure University||St. Bonaventure||AACSB||99%||$770||3.1||690||0%|
|St. John’s University||Queens||AACSB||87%||$1,280||3.4||570||0%|
|St. Joseph’s College New York||Patchogue||64%||$680||40%|
|SUNY Polytechnic Institute||Utica||AACSB||58%||$750||3.3||512||82%|
Affordable Programs in New York
Although completing a master’s degree has long-term financial benefits, some students struggle to afford tuition and other education-related expenses. The good news is that it’s possible to find online MBA programs in New York that offer a good balance of quality and affordability. Nationally, the average cost of tuition for an MBA program is $821 per credit, while the New York average is $1,029 per credit.
Fortunately, New York has five highly affordable programs, so prospective students don’t have to choose between keeping their jobs and getting an education. The most affordable is D’Youville University, which costs $500 per credit, a difference of $529 compared to the state average. For a three-credit class, that’s a difference of $1,587.
Utica College $650 per credit for its New York MBA, $171 less than the national average and $379 less than the state average. St. Joseph’s College New York also offers an online MBA program with tuition costs below $700 per credit. At $680 per credit, the St. Joseph’s College MBA is $141 cheaper than the national average and $349 cheaper than the state average.
Two State University of New York (SUNY) programs are available for $750 per credit. One is offered by SUNY-Oswego, and the other is offered by SUNY Polytechnic Institute. A rate of $750 per credit is $71 less than the national average and $279 less than the state average, resulting in a savings of up to $837 for a three-credit course.
As demonstrated by these affordable tuition rates, not every online MBA in New York is prohibitively expensive. These programs are likely to attract applicants who understand the value of an MBA and want to reduce their out-of-pocket costs.
Most affordable online MBA programs in New York:
- D’Youville University
- Utica College
- St. Joseph’s College New York
- SUNY Polytechnic Institute
Programs with Lowest Debt at Graduation
Not everyone can afford to pay their full tuition without taking out student loans. For students who need to borrow money to cover educational expenses, it’s wise to borrow as little as possible. Unfortunately, 45% of students who complete graduate programs in New York have debt when they graduate. This is slightly lower than the national average of 45.7%.
Before starting an online MBA in New York, prospective students must think about how much it will cost and how much money they can afford to repay every month. The average student loan payment as of March 2022 is $460 per month, according to the Education Data Initiative. Students with limited budgets may have to borrow less than they planned to make their monthly payments more manageable.
Fortunately, MBA graduates often command higher salaries than graduates of other programs. The National Association of Colleges and Employers reports that students who obtained a master’s degree in business in 2020 had an average starting salary of $76,996. Just because someone earns a good salary doesn’t mean it’s good to carry debt, however.
Although Hofstra University isn’t one of the most affordable programs, its students have the lowest debt at graduation. Just 22% of Hofstra students have education-related debt when they graduate. St. Bonaventure University’s percentage of students with debt is a little higher than Hofstra’s at 30%. This is still much lower than the national and state averages, however. SUNY Polytechnic Institute and Marist college are tied at 40%, while 42% of Clarkson University’s students have debt when they graduate.
New York online MBA programs with the lowest debt at graduation:
- Hofstra University (22%)
- St. Bonaventure University (30%)
- SUNY Polytechnic Institute (40%)
- Marist College (40%)
- Clarkson University (42%)
No GMAT Required
Many schools require applicants to take the Graduate Management Admission Test. Although standardized tests are used throughout the United States, they don’t always tell the full story about an applicant’s aptitude and ability to succeed in graduate school. If a prospective student plans to apply for graduate school while working full-time, it can also be difficult to find the time to study and take the test.
As a result, many schools in New York have made the GMAT optional for their online MBA. This is good news for applicants who don’t do well on standardized tests or don’t want to spend extra money to register for the exam. Eliminating the GMAT requirement also makes sense for experienced professionals who shouldn’t have to take a test to demonstrate that they have what it takes to succeed in a business environment.
For students who want to attend top-tier programs, it’s important to understand that not submitting GMAT or GRE scores may put them at a disadvantage. This is because the admissions committee may want to admit students with high scores instead of taking a chance on students with no scores. The good news is that these schools have GMAT submission rates of less than 35%:
- St. Bonaventure University (1%)
- Syracuse University (2%)
- St. John’s University (15%)
- Clarkson University (16%)
- Marist College (33%)
Highest Graduation Rate
The sooner a student graduates, the sooner they can land a better job and take advantage of the other benefits associated with having an MBA. Graduating on time also reduces the amount of debt a student has to take on to complete a graduate degree. That’s why it’s important to consider each school’s graduation rate.
New York has a three-year graduation rate of 76%, while the national rate is 67%. Remember, just because a student didn’t graduate on time doesn’t mean they’ll never finish their degree. Some students take time off to advance their careers, start families or build their own businesses and then return to school later.
Three of the 15 schools on this list have three-year graduation rates much higher than the state or national averages. It’s no surprise that Hofstra University has the highest graduation rate of 89%. It also has the lowest percentage of students who carry debt when they graduate, indicating that many students finish fast enough to graduate without student loans. Rochester Institute of Technology also has an excellent three-year graduation rate. In 2018-2019, it was 83%.
SUNY Polytechnic Institute is a great example of a high-quality MBA program that’s also affordable. Even though it has some of the lowest tuition costs, it also has one of the highest graduation rates-82% in 2018-2019. Clarkson University has a three-year graduation rate of 76%, an improvement over the national average of 68%. Syracuse University has a lower three-year graduation rate of 67%, but this puts the program right in line with the national average.
New York online MBA programs with the highest three-year graduation rate:
- Hofstra University (89%)
- Rochester Institute of Technology (83%)
- SUNY Polytechnic Institute (82%)
- Clarkson University (76%)
- Syracuse University (67%)
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Highest Acceptance Rates
Some schools are highly selective, while others admit a large percentage of their applicants. Unless a student plans to apply to a top-tier program, a school’s acceptance rate isn’t quite as important as some of these other criteria, but it’s still something you to consider. A high acceptance rate may indicate that the school is committed to delivering a high-quality education to as many students as possible. This is especially true when the school also has a high graduation rate or a low percentage of students with debt when they graduate.
In New York, online MBA programs have an average acceptance rate of 91%, meaning that most people who apply get into at least one program. Nationally, the average acceptance rate is only 79%. Although it’s disappointing to receive a rejection letter, it’s possible to apply to other programs, increasing the overall likelihood of acceptance.
Some programs accept almost every application they receive, so three schools on this list have acceptance rates greater than 90%. St. Bonaventure University accepts 99% of applicants. Hofstra University comes in at a close second with an acceptance rate of 98%. This shows that a school can have a high acceptance rate and still have a high graduation rate and low percentage of students with debt. D’Youville College comes in third with an acceptance rate of 96%. Clarkson University and SUNY-Oswego are a little more selective. Both schools have an acceptance rate of 88%.
New York online MBA programs with high acceptance rates:
- St. Bonaventure University (99%)
- Hofstra University (98%)
- D’Youville College (96%)
- Clarkson University (88%)
- SUNY-Oswego (88%)
Online MBA Program Profiles
Before choosing an online MBA program, it’s important to research each one and determine if it’s a good fit. An MBA student is committing at least a year of their life to graduate-level coursework, so it’s important to look at each program as a whole instead of focusing on acceptance rates, graduation rates and other narrow criteria. Below is a breakdown of every program mentioned above, giving applicants a better idea of what each school offers.
Clarkson University offers a 42-credit MBA that has been accredited by the Association to Advance Collegiate Schools of Business. The program includes 10 core courses, which cover organizational behavior, financial management and other topics relevant to business. Clarkson University has a three-year graduation rate of 76% and an acceptance rate of 88%.
For students interested in data analysis, Clarkson University offers a dual MBA/MS in Applied Data Science. To receive both degrees, enrollees must complete 14 MBA courses and an additional 27 credits in probability and statistics, machine learning, data mining and related subjects.
Applicants must provide transcripts from every previous college or university, a resume or curriculum vitae, two letters of recommendation, GMAT/GRE scores and a statement of purpose. International applicants must also submit a certificate of finance, demonstrate their English proficiency and provide proof of completion of the equivalent of a U.S. bachelor’s degree.
Clarkson University offers automatic admission to its online MBA degree program to applicants who meet one of the following criteria: an undergraduate GPA of 3.3 or higher, an undergraduate GPA of 3.0 or higher paired with a GMAT score of at least 500, or a master’s degree from a regionally accredited college.
D’Youville College offers an accelerated MBA program that has been accredited by the International Accreditation Council for Business Education. How long it takes to finish the program depends on how many classes a student takes each term, but the online MBA is designed to be completed in as little as 17 months.
To complete an online MBA at D’Youville College, an enrolled student must take 12 courses for a total of 36 credits. These courses cover economic theories, human resource management, statistics for business, global supply chain management and other topics of importance to business professionals. D’Youville College charges $500 per credit, making it one of the most affordable MBA programs in New York. The college also has a 96% acceptance rate.
The minimum requirements for admission include a bachelor’s degree in business from an accredited college or university, a minimum GPA of 3.0 on a 4.0 scale and two years of full-time employment experience. Applicants must also submit a personal statement and two letters of recommendation. The full-time employment experience must be completed in a corporate, business or professional environment. Additionally, international students must submit TOEFL scores if they live in non-English speaking countries.
Hofstra University’s AACSB-accredited online MBA program includes 36 credits of coursework divided into core competencies, a major concentration and a capstone integrative course that allows students to apply what they learned in the classroom to real-world business problems. Available concentrations include finance, strategic healthcare management and strategic business management.
Students who successfully complete their first 12 credits with at least a 3.0 GPA have the option of choosing a different concentration, such as business analytics, international business management or information systems. It typically takes 16 to 30 months to complete the program depending on whether a student enrolls full-time or part-time. Hofstra has a 98% graduation rate, and only 22% of students graduate from the online MBA program with debt.
To apply for the Hofstra University online MBA, every applicant must provide transcripts from each college or university attended and submit three letters of recommendation. Hofstra also requires a resume or curriculum vitae, a personal statement and GMAT or GRE scores. The GMAT/GRE score requirement may be waived for applicants with at least five years of work experience in a managerial role.
|Location:||New Rochelle, NY|
The Iona College LaPenta School of Business offers a 36-credit online MBA program that takes as little as 12 to 15 months to complete. Although the program is entirely online, students have access to career services, networking events and other on-campus services as needed. The AACSB-accredited program also has rolling admissions with four start dates per year, so accepted applicants don’t have to wait until the beginning of a new academic year to start learning.
All MBA students take the same core courses, which cover strategic management, marketing, finance and other business topics. After completing the core requirements, each enrollee must complete 12 credits in a concentration of their choice. Available concentrations include accounting, information systems, financial management, business analytics, marketing and management. Iona College doesn’t publish its acceptance or graduation rates.
To enroll in this online MBA program, each applicant must submit a resume, transcripts from all colleges and universities attended and one professional letter of recommendation with the completed application form. Iona University is one of the one of the online MBA programs with no GMAT requirement, so there’s no need to submit test scores.
The Marist School of Management at Marist College offers an AACSB-accredited online MBA delivered via the iLearn system. Marist College is known for having one of the lowest percentages of students with debt at graduation, 40% compared to the state average of 45%.
Marist College offers three MBA concentrations, making it possible for students to tailor the MBA degree to their personal and professional interests. Enrollees have the option of focusing on health care administration, financial management or ethical leadership. It’s also possible to combine the MBA with a certificate in business analytics by taking just two additional courses.
Applicants must use BusinessCAS, a centralized application system for graduate business programs. After creating a BusinessCAS account, it’s possible to upload unofficial transcripts, a personal statement, GMAT/GRE scores and a recent resume. GMAT or GRE scores must be from within the last five years.
If an applicant had an undergraduate GPA of at least 3.0, they may enroll as a non-matriculated candidate and complete up to two courses in the MBA program. This doesn’t guarantee admission to the full MBA program, but it can help applicants demonstrate their aptitude and improve their chances of acceptance.
|Location:||Dobbs Ferry, NY|
Mercy College offers a no-GMAT MBA program with 100% of the coursework available online. Students with non-business undergraduate degrees have access to TURBO Flex, a free program that starts before the MBA coursework commences. TURBO Flex gives students a solid foundation in business concepts. Students who completed a bachelor’s degree in business within the last five years don’t have to complete TURBO Flex provided they had GPAs of at least 3.0.
All faculty members are business executives, making it easier to understand how the concepts from each MBA class apply to real-world scenarios. The Mercy College Strategic Consulting Institute also exists to give students opportunities to consult for IBM and other top corporations. Once a student completes their core courses, they focus on one of the following areas of business: organizational leadership, managerial analytics, international business, health care management, accounting, marketing, management, human resource management or finance.
All applicants must submit a current resume and a baccalaureate transcript with the completed application form. International students must also provide TOEFL scores and request a formal evaluation of their overseas coursework.
|Location:||Rockville Centre, NY|
The Molloy University online MBA requires 33 to 36 credits depending on the concentration selected. Students who focus on marketing, management or finance need 33 credits to graduate. The health care management concentration requires three extra credits for a total of 36.
All students take core courses in marketing, business ethics, quantitative analysis and other foundational business topics. Each concentration also includes a capstone that requires students to apply the knowledge learned in their courses. All classes are taught by faculty members with extensive expertise, giving enrollees real-world insight into how to approach complex business problems.
Molloy University also offers the option to complete two concentrations instead of one. To complete a dual-concentration MBA, a student must obtain the approval of the program director and satisfy the prerequisites for each concentration. The dual-concentration MBA requires 42 to 48 credits, so it takes longer to complete than the traditional online MBA.
To apply for the Molloy University online MBA program, a prospective student must submit a resume, a personal statement and at least one professional reference. Molloy doesn’t require GMAT scores for admission, but applicants are permitted to include their scores if desired.
Rochester Institute of Technology
Rochester Institute of Technology offers an online MBA program through the Saunders College of Business. The program focuses heavily on STEM skills, giving graduates a strong foundation in both business and technology applications. With 48 required credits, this program takes longer to complete than the typical MBA, but students do have the opportunity to take several STEM electives, such as information systems auditing, design and information systems, advanced business analytics or foundations of parallel computing.
Despite the rigor of RIT’s coursework, the online MBA program has a graduation rate of 83%. RIT also emphasizes the importance of practical experience for all MBA students. Enrollees have the opportunity to participate in a cooperative education program, which provides real-world experience at a participating business organization. The co-op program also includes career services workshops.
The online MBA program is designed for students who already have business experience, so RIT doesn’t require GMAT or GRE scores. Prospective students must complete a graduate application, submit official transcripts from every school attended and provide a current resume or curriculum vitae. Although letters of recommendation aren’t required, they’re recommended. All applicants must have an undergraduate degree with a recommended minimum GPA of 3.0.
St. Bonaventure University
|Location:||St. Bonaventure, NY|
St. Bonaventure University is known for promoting interaction and collaboration among its MBA students. The AACSB-accredited online MBA progroam features foundation courses, a business core and several graduate electives. Students with extensive business education or professional experience may be able to waive some of the foundational courses, so the total number of credits required for completion varies based on each student’s individual background.
The university doesn’t require GMAT or GRE scores, and it also has one of the lowest percentages of students who carry debt at graduation, making it a good choice for students who are concerned about taking out student loans. While enrolled in the MBA program, students study marketing, organizational behavior, financial management and other core business topics, preparing them for careers in a variety of industries. St. Bonaventure University offers four MBA concentrations: legal and ethics, business analytics, marketing and finance. This allows students to tailor the program to their career goals and personal interests.
Every applicant must submit a resume and official transcripts from all colleges and universities attended. International students must also provide IELTS or TOEFL scores to demonstrate their English proficiency. Every student must have a baccalaureate degree before beginning their MBA coursework.
St. John’s University
St. John’s University offers an online MBA program through its Peter J. Tobin College of Business. Online students have access to the same expert faculty and resources as on-campus students, ensuring they have all the tools they need to succeed. St. John’s University offers more concentrations than any other school on the list-16, ranging from business analytics and educational leadership to sustainability and taxation.
The online MBA program has eight core courses, which focus on essential topics that students need to understand to succeed in the business world. Core requirements include accounting, financial management, industrial economics and risk management. St. John’s University also requires online MBA students to complete a capstone course. This course provides an opportunity for students to integrate everything they’ve learned into a practical project at the end of the program.
Every applicant must have a minimum of a bachelor’s degree from an accredited institution to qualify for acceptance into the St. John’s University online MBA program. International students must demonstrate that their degrees are equivalent to a bachelor’s degree from an accredited U.S. institution. Applicants must also submit official transcripts, official GRE or GMAT scores from within the last five years, a statement of professional goals and a resume.
St. Joseph’s College New York
|Location:||New York, NY|
St. Joseph’s College New York has an online MBA program that costs $680 per credit, making it one of the most affordable programs in New York. Despite the high level of affordability, the three-year graduation rate sits at 40% for 2018-2019. The online MBA program is completely asynchronous, meaning students can log in and complete their coursework whenever it’s convenient.
The general MBA program requires 36 credits of coursework with a heavy focus on developing strong leadership skills and managerial abilities. Students learn how to build cross-functional teams and use those teams to solve difficult business problems. St. Joseph’s College New York also offers an online MBA in marketing. The program focuses on digital marketing principles, giving students the skills needed to conduct consumer research, identify significant marketing trends and analyze marketing reports.
Every applicant must have a minimum of a bachelor’s degree from an accredited institution with a GPA of at least 3.0. Applicants are also required to complete the online graduate application, submit official college transcripts and provide a current resume. Some students may also have to provide GMAT scores depending on their educational backgrounds and professional experiences.
SUNY Polytechnic Institute
SUNY Polytechnic Institute offers an online MBA program with many positive attributes. With a tuition rate of $750 per credit, it’s one of the most affordable programs in New York. The school is also known for having a low percentage of students with debt when they graduate-40% compared to the state average of 45% and the national average of 45.7%.
Because the MBA program focuses so heavily on technology, it includes 48 hours of coursework, so it takes a little longer to complete than the average MBA. Students complete core courses in project management, leading organizational change, business law, accounting, human resource management, marketing and other business and technology topics. After completing the core requirements, each student chooses a concentration. Available concentrations include marketing management, health informatics, accounting and finance, business management and human resource management.
Suny Polytechnic Institute follows the AACSB-recommended admission guidelines for MBA programs. For acceptance, a student must be awarded at least 1,000 points based on their GMAT score plus 200 times their undergraduate GPA. The minimum GMAT score is 400, but higher scores can help offset lower undergraduate GPAs. Applicants must also provide transcripts, at least one reference and a current resume.
Students in SUNY-Oswego’s online MBA program enjoy all the benefits of attending a state university system without having to spend time in a traditional classroom. As part of the state university system, SUNY-Oswego is also able to offer MBA classes for $750 per credit, which is significantly lower than the national average of $1,029 per credit.
Although SUNY-Oswego offers three MBA concentrations, only the business administration degree is available completely online. The program has rolling admissions and doesn’t require applicants to submit their GMAT scores. A student without an undergraduate business degree may have to complete extra foundational courses before beginning the core MBA coursework, extending the length of the program and increasing the overall cost. SUNY-Oswego also offers a variety of MBA electives, including labor relations, enterprise risk management and commercial insurance.
The average GPA of an accepted MBA student is 3.2. Although the GMAT is optional, students with high scores may submit their results if they believe it would strengthen their candidacy. Applicants must also submit official college transcripts, a business essay, a resume; and three letters of recommendation.
Syracuse University offers a highly rated online MBA program that gives students access to the resources of a world-renowned university. In 2020, 68% of graduates reported that they received a promotion or a raise before they even graduated, demonstrating the strength of the program. Graduates also have access to the Orange alumni work, which includes more than 30,000 business professionals in 170 countries.
Although the Syracuse online MBA can be completed in as little as 24 months, students must complete 54 credits of coursework. The curriculum is flexible, allowing students to choose from one of six specializations: supply chain management, business analytics, marketing management, finance, entrepreneurship or accounting. Some students even create their own degree programs by taking additional electives.
The Syracuse University online MBA is designed for working professionals, so GMAT scores aren’t required. All applicants must submit a personal essay, official college transcripts and letters of recommendation. Syracuse also requires MBA applicants to have at least two years of professional work experience.
Utica College offers one of the most affordable online MBAs in New York, charging $650 per credit instead of the state average of $1,029 or the national average of $821. The GMAT isn’t required, and the program also has several customization options to match any student’s goals and personal interests.
The AACSB-accredited program requires a minimum of 30 credits of coursework. Students must complete 15 credits covering fundamental business concepts and at least 12 elective credits. The remaining three credits come from a capstone project, which gives students the opportunity to solve business problems for a real company. Available specializations include accounting, entrepreneurship, data analytics and health care management.
Utica College has a minimum GPA requirement of 2.7 for its MBA program. Applicants with lower undergraduate GPAs may be admitted if they provide a detailed letter explaining the circumstances surrounding the low GPA. Applicants must also submit a personal statement, official transcripts, letters of recommendation and a detailed work history. Professional work experience is recommended, but it’s not required.
New York Online MBA Salary and Job Outlook
According to the Bureau of Labor and Statistics website, Management occupations and Business Financial Operations occupations head the New York area’s employment opportunities. These are two of the major occupational groups in the state. There is ample opportunity for a successful career in this arena, provided you are trained at a reputed school with a comprehensive online MBA program. New York heads the list of top paying states for professionals employed in the Management cadre, and this is another reason to opt for an MBA degree in New York, whether you do it online or on campus.
To give you an idea of what to expect, the BLS site indicates that professionals in the highest management levels earned about $49.40 an hour in 2014. The estimated number of such jobs stood at 2,467,500 during that year.
Payscale.com lists the average salary that MBA holders can draw in New York according to their designations and has some interesting facts to share:
- The listing shows that a Financial Analyst may be earning somewhere between $46,000 and $86,000
- A Financial Analyst in the senior cadre may earn up to $98,000
- CFOs stand to earn between $82,000 to $223,000
- Marketing Directors are also at the high end of the earnings ladder with an earning potential between $62,000 and $ 165,000
The top three best cities for MBAs to find employment are New York, White Plains, Melville, Rochester, Buffalo because of the high salaries that they can earn in these locations. In terms of the best industries for employment in terms of pay scales, the sites list Financial Services at the top, followed by Information Technology and Consulting.
Why should you do your MBA online?
The better pay scale is one of the primary reasons to do your MBA degree in a reputed New York college. An MBA graduate can earn about 50% more salary than they would have garnered without this degree. This means your MBA degree offers an excellent return on your investment in the course. If you get your degree from a highly reputed school, your starting salary is likely to be significantly higher than other MBAs from relatively obscure schools too. On average, your starting salary may lie somewhere between $110,000 and $130,000 annually if you graduate from a reputed school while other school graduates earn about $75,000 to $90,000.
With the help of the best online MBA programs in New York, you are geared up for high-level positions that allow you to take critical responsibilities in the organization. This helps you hone your management skills better with hands-on experience in handling essential tasks for the business, and in turn, gives you the credentials to take on even more challenges with the top of line management roles.
The financial services, engineering, healthcare, and hospitality sectors are the fastest-growing segments of the economy and also the ones where the maximum innovation and expansion takes place. These are also sectors where skilled, qualified MBA students are always required. Your New York MBA online degree makes you an ideal candidate for reputed companies in these sectors.
Experience in the management role in your workplace equips you to take on significant roles in the organization and guarantees a consistent increase in pay scale. MBAs with seven years of experience in the job may earn above $150,000 a year, while those with over ten years of experience in this arena can draw above $200,000 per year.
The pay scale of MBAs differs from the locality where you are employed. Fortunately, New York stands second on the list of best-paying cities for MBAs, with an average graduate salary of $95,083.
Eliminate the risk of being underemployed with an MBA from a reputed school. The Georgetown University Center for Education and Workforce highlights a college degree as an effective way to reduce your risk of underemployment. Their study shows that students WITHOUT Accredited Online MBA Programs in New York have an underemployment rate of 12.9%, while the rate for those with this degree is about 6.2%.
Equip yourself for a market that is indicating a growing employment market. This is not just true of the New York City area but also neighboring locations. This Department of Labor report presents labor market statistics for Upstate New York, showing that private sector employment has increased by 18,700 over the one year ending November 2015. The areas that saw the most increase in jobs include Glens Falls, Buffalo, Rochester, and Syracuse.