Online MBA in Wyoming
This page provides information on Wyoming MBA programs; however, as there are relatively few MBA programs in the state, we have listed some of the options in surrounding states as well to help you choose the right online MBA for you.
- Part 1 – Online MBA Programs in Wyoming
- Part 2 – MBA Programs in Wyoming
- Part 3 – Job Outlook for MBA Graduates
Online MBA Programs in Wyoming
If you are interested in completing your MBA degree online, this information will help you choose from the best online MBA programs in Wyoming and surrounding states to meet your needs.
The below three online MBA programs in Wyoming are listed in alphabetical order.
1. University of Wyoming – College of Business
The University of Wyoming offers an AACSB-accredited general MBA degree online that takes two years to complete on a part-time basis. No full-time options are offered. The program includes either 30 or 39 credit hours of study, depending on whether a concentration is added, and is based on a cohort structure where all students begin the program in the fall term and progress through the program together. Students take two courses each term during fall, spring, and summer and graduate in 24 months as a cohort. The College of Business aims to address sustainable business, entrepreneurship, and business ethics issues, which may appeal to students with similar interests.
Applicants must have at least a bachelor’s degree, five years of full-time work experience, including three years of management experience, and a minimum 550 GMAT score to be eligible for the program. To apply, complete the online application and mail your supporting documents, including three letters of recommendation, a resume, and transcripts to the Graduate School office. You may also need to show proof of quantitative skills and attend an interview as part of the application process.
Core Curriculum (30 credit hours) – Financial Accounting, Business Research Methods, Marketing Analysis, Financial Management, MBA Managerial Accounting, Decision Sciences for Managers, Organizational Behavior & Human Resource Management, New Venture, The Global Business Environment, International Business in Practice, and Strategic Management in Dynamic Environments
Program Concentrations and Specialization Options
The University also offers a concentration in Energy. In addition to the core curriculum, Online MBA Energy students must also complete nine credit hours related to the energy industry, including Supply Chain Management in the Energy Industry, Energy Finance: Project Evaluation, and Fundamentals of Accounting in the Energy Industry.
2. Western Governors University
Western Governors University offers an online MBA degree with a competency-based evaluation model; rather than complete credit hours, students must demonstrate key skills through various evaluation methods in order to continue in the program. The timeframe of the program is approximately two years, but this varies depending on what type of skills you have acquired through past education and work experience. Generally, this program has been designed for middle and upper managers with management experience who are looking to progress in their industry. Each new student is assigned several mentors and supports to help throughout the program.
To be eligible, you must have an undergraduate degree and at least three years of work experience. The application is completed online and costs $65. You may also be asked to complete a telephone interview with an enrollment counselor. Currently, the program is only open to US residents and Canadians in approved regions.
Each student creates a personalized degree plan in collaboration with the mentors; however, the school does provide a “Standard Path” for reference purposes.
Standard Path for the general MBA – Managing Organizations and Leading People, Global Economics for Managers, Managing Human Capital, Management Communication, Marketing, Accounting for Decision Makers, Ethical Leadership, Financial Management, Data-Drive Decision Making, Operations Management, and MBA Capstone
Program Concentrations and Specialization Options
It is also possible to complete the program with either a concentration in Healthcare Management or Technology Management.
- The Healthcare Management program is designed for healthcare professionals looking to progress in management positions or managers interested in entering the healthcare industry. The Standard Path for this program includes Managing Organizations and Leading People, Managing Human Capital, Marketing, Accreditation Audit, Global Economics for Managers, Accounting for Decision Makers, Ethical Leadership, Financial Management, Data-Drive Decision Making, Service Line Development, and MBA Healthcare Management Capstone.
- The Technology Management program is designed for IT professionals interested in management positions. The Standard Path for this program includes Managing Organizations and Leading People, IT Project Management, Managing Human Capital, Marketing, Global Economics for Managers, Accounting for Decision Makers, Financial Management, Data-Drive Decision Making, IT Strategic Solutions, and MBA Information Technology Management Capstone.
3. Northwest Nazarene University
Northwest Nazarene University is a Christian institution with a main campus in Nampa, Idaho. The online MBA program has a generalist curriculum comprising 33 credit hours, with courses offered in eight-week blocks throughout the year. The program can be completed in as little as 16 months, but is also flexible to meet individual student needs and you can take up to six years to complete the requirements at your own pace.
You must have a bachelor’s degree with a cumulative 3.0 Grade Point Average (GPA) to apply. The application form is available online or through the School of Business Graduate Office and should be submitted with the $50 application fee, a personal essay, official transcripts, and two recommendation forms. Relevant transfer credit for up to three courses may be accepted if they were completed in the past seven years with at least a 3.0 GPA.
If you do not have an undergraduate business degree, you may be required to take foundational courses covering introductory business topics before beginning the core curriculum.
- Foundational Courses (9 credit hours) – The Business Environment, Business Financial Systems, Business Processes and Systems
- Core Curriculum (33 credit hours) – Quantitative Methods, Accounting for Managers, Management Law, Corporate Finance, Organizational Dynamics, Management Information Systems, Managing in a Global Economy, Ethics in Management, Leadership Development, Strategic Marketing, Strategic Management
MBA Programs in Wyoming
It is possible to complete an on-campus, hybrid, or online MBA in Wyoming. Some programs are accredited by the globally recognized Association to Advance Collegiate Schools of Business (AACSB), which is noted where applicable.
(The below two MBA programs in Wyoming are listed in alphabetical order.)
1. University of Wyoming – College of Business
The University of Wyoming offers several AACSB-accredited, on-campus MBA options, including a general MBA, an Energy MBA, an International MBA, and dual degree programs in law, engineering, or pharmacy. In the general MBA and Energy MBA programs, students begin in the fall term and progress through a 16-month, 47-credit program or a 21-month, 59-credit program respectively. The International MBA is partnered with Pforzheim University in Germany and takes two years to complete. In the dual degree programs, students study both subjects in at an accelerated pace.
For the general MBA and the Energy MBA, you must have a bachelor’s degree and submit your transcripts, GMAT or GRE test scores, three recommendation letters, and a resume. Dual degree program applications also must send a reference letter from a research faculty member. Once your application is reviewed, you will be invited for an interview. International MBA applicants must have at least two years of work experience and a minimum GMAT score of 500.
Foundational Program Coursework
- General MBA (47 credit hours) – Financial Accounting, Business Research Methods, Managerial Economics I & II, Organizational Behavior and Human Resource Management, Decision Making, Professional Development I & II, Decision Modeling, Financial Management, Marketing Management, Entrepreneurial Management, MBA Operations Management, MBA Managerial Accounting, Sustainable Management Strategy Capstone, and nine credit hours of electives
- Energy MBA (59 credit hours) – Financial Accounting, Business Research Methods, Managerial Economics I & II, Organizational Behavior and Human Resource Management, Decision Making, Professional Development I & II, Decision Modeling, Financial Management, Marketing Management, Entrepreneurial Management, MBA Operations Management, MBA Managerial Accounting, Sustainable Management Strategy Capstone, nine credit hours of electives, and 12 credit hours of energy electives
- JD/MBA – Students study law in the first, third, and fourth years of the program, and complete the general MBA curriculum during the second year. Nine credit hours of law will be counted as MBA electives.
- MS Engineering/MBA – Students complete both degrees in two years. The general MBA curriculum is taken during the first year and the MS curriculum and MBA capstone are completed in the second year.
- Pharmacy/MBA – This dual degree takes five years. The general MBA curriculum is completed during the first year and the pharmacy curriculum and MBA capstone are completed in subsequent years.
Degree Concentrations and Specialization Options
No concentrations are offered within these degree programs.
2. Regis University – College for Professional Studies
Regis University is a Jesuit college in Denver, Colorado that offers an AACSB-accredited general business degree. The curriculum consists of 36 credit hours of study and can be completed in two years with up to two concentrations. Classes are held both on campus during the evening and online in eight-week blocks throughout the year and you may start the program at several points during the fall, spring, or summer terms.
To apply, you must complete the online application, pay the $50 application fee, and forward all required documents, including your undergraduate transcripts, a resume, two recommendation letters, and either GMAT scores or a formal essay. If your degree is not in business, you must be able to demonstrate foundational knowledge in quantitative subjects either by taking courses at Regis University before beginning the MBA curriculum or showing proof of equivalent courses through your transcripts.
Although most students will take similar core courses, each concentration requires a slightly different combination of core courses to graduate.
- Core Curriculum for general MBA (36 credit hours) – MBA Cornerstone, The Economics of Management, Ethical and Legal Environment of Business, Developing Effective Organizations, Financial Governance, Planning, and Control, Issues in International Business, Leadership: Explored and Applied, Business Platforms: A Model for the 21st Century (Capstone Project), and 12 credit hours of electives from 600-level or above
- Core Curriculum for Finance and Accounting (24 credit hours) – MBA Cornerstone, Ethical and Legal Environment of Business, Developing Effective Organizations, Financial Governance, Planning, and Control, Business Platforms: A Model for the 21st Century (Capstone Project), Interpreting Accounting Information, and Financial Decision Making
- Core Curriculum for Health Industry Leadership (36 credit hours) – MBA Cornerstone, The Economics of Management, Ethical and Legal Environment of Business, Developing Effective Organizations, Accounting and Finance Concepts for Managers, Business Platforms: A 21st Century Model (Capstone Project), Strategic Planning/Development in Health Services, Health Care Delivery Systems, Legal Aspects of Health Services, Medical Practice Management, Health Care Information Systems, and Advanced Concepts of Health Care Finance
- Core Curriculum for Marketing (24 credit hours) – MBA Cornerstone, The Economics of Management, Ethical and Legal Environment of Business, Developing Effective Organizations, Financial Governance, Planning, and Control, Business Platforms: A Model for the 21st Century (Capstone Project), Discovering Marketing Opportunities, and Marketing Strategy
- Core Curriculum for Operations Management (24 credit hours) – MBA Cornerstone, The Economics of Management, Ethical and Legal Environment of Business, Developing Effective Organizations, Financial Governance, Planning, and Control, Business Platforms: A Model for the 21st Century (Capstone Project), Operations Management, and Innovation in Business
- Core Curriculum for Strategic Management (27 credit hours) – MBA Cornerstone, The Economics of Management, Ethical and Legal Environment of Business, Developing Effective Organizations, Financial Governance, Planning, and Control, Business Platforms: A Model for the 21st Century (Capstone Project), Strategy Formulation, Strategy Implementation and Management, and Managing Change
Degree Concentrations and Specialization Options
The Finance and Accounting, Marketing, and Operations Management concentrations also require nine credit hours of specialization electives and three credit hours of general electives and the Strategic Management concentrations requires nine credit hours of specialization electives.
Wyoming MBA Salary and Job Outlook
According to the Wyoming Department of Workforce Service short-term occupational projections, the state will experience a 2% decrease in employment overall and a 0.8% decrease in management positions during the 2015-2017 period. 1 At first glance, these projections may disappoint Wyoming residents interested in pursuing MBA degrees. However, long-term projections suggest that the state will experience 12.2% growth during the 2012-2022 period overall and 9.1% growth within management positions.2 The highest rates of growth are projected in the Casper metropolitan area (11.7%), the Northeast area of the state (11.02%), and the metropolitan area surrounding the state capital, Cheyenne (10.7%).3 The lowest growth rates in the state are projected in the Northwest region of the state (3.8%) and the Central-Southeast region of the state (6.5%).3
Another consideration when examining projections and growth rates is that different types of management positions may have different projected rates of growth. There is some diversity in the projected growth rates in Wyoming for various categories of managers:
- Chief Executive positions are expected to grow by 5%.4
- General and Operations Managers have a projected growth rate of 15%.5
- Management Analyst positions are expected to grow by 32%, however due to the small number of positions overall, this results in only 20 new positions during the 10-year period.6
- Financial Manager positions are expected to increase by 9%.7
- Managers, All Others will experience a 9% increase in available positions.8
According to the Bureau of Labor Statistics, in 2015 there were 11,520 individuals in management positions in Wyoming, including 160 Chief Executives, 5,210 General and Operations Managers, 550 Financial Managers, 390 Management Analysts, and 800 Managers, All Others.9 The average salaries are as follows:
- Chief Executives earned $145,360 on average.
- General and Operations Managers earned an average salary of $106,810.
- Financial Managers earned $103,700 on average.
- The average salary for Management Analysts was $105,730.
- The Managers, All Others category earned an average salary of $94,470.9
Payscale.com provides more statistics on salaries and degree projections in Wyoming:
- The median salary for General/Operations Managers was $60,306.
- The median salary for MBA graduates was $52,000.
- The early career salary for University of Wyoming graduates (all subjects) was $60,400. This rose to $86,700 after accumulating 10 years of work experience.