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The average salary of recent MBA graduates in the US is $125,000.
But if going back to school full-time isn’t an option, there are ways to earn the equivalent of an MBA without having to move or spend a lot of money.
University ranking website Research.com Recent Listings Most Affordable Online MBA Programs entrepreneur Using Data IPEDS Database, Peterson’s Database, University Scorecard Databaseand the National Center for Education Statistics.
Online MBAs have become increasingly popular in recent years. 158% increase The survey targeted students in 2020-2021 during the pandemic.
“Online degrees are rapidly growing in popularity because they offer flexibility in balancing work and personal life,” said Imed Bouchrika, author of the list and co-founder and chief data scientist at Research.com. “The survey results outline the most affordable options, allowing people to earn the degree they want, regardless of their financial situation.”
be 2023 Survey According to the Graduate Management Admissions Council (GMAC), professionals are also showing steady interest in these programs. While the majority of respondents said they prefer to attend classes in person, online programs were cited by candidates who value flexibility most, including women, first-time college students and older students.
The GMAC survey found that some students considering an online MBA see the degree as a way to “gain a promotion or secure their current job,” and not primarily for the networking opportunities.
Related: How AI will change business school curricula and accreditation
Still, where you earn your MBA can have a direct impact on how much you earn. Highest average salary Universities with the highest graduation rates, including Stanford, Harvard and Northwestern, were ranked in the top 15 by U.S. News this year. Best Business Schools Ranking.
None of these schools are on this list. There will be a cost It will cost over $200,000 to complete. Most of the following are under $10,000.
Related: MBA programs are trying to attract displaced tech workers
Here are the top 10 schools with the lowest cost per credit for those considering an online MBA.
1. Northeastern State University
position: Tahlequah, Oklahoma
Certification: Accreditation Council for Business Schools and Programs (ACBSP)
Cost per credit: $251.00
Total credits: 36
Estimated total tuition fees: $9,036
2. Georgia Southwestern State University
position: Americus, Georgia
Certification: AACSB International
Cost per credit: $257.00
Total credits: 30
Estimated total tuition fees: $7,710
3. Fitchburg State University
position: Fitchburg, Massachusetts
Certification: International Accreditation Council for Business Education (IACBE)
Cost per credit: $275.00
Total credits: 30
Estimated total tuition fees: $8,250
4. Eastern New Mexico University
position: Portals, New Mexico
Certification: ACBSP
Tuition: $297.25
Total credits: 30
Estimated total tuition fees: $8,917.50
5. Missouri State University
position: Springfield, Missouri
Certification: AACSB International
Cost per credit: $309.00
Total credits: 33
Estimated total tuition fees: $10,197
6. University of the Cumberlands
position: Williamsburg, Kentucky
Certification: India
Cost per credit: $315.00
Total credits: 37
Estimated total tuition fees: $11,655
7. Sam Houston State University
position: Huntsville, Texas
Certification: AACSB International
Cost per credit: $320
Total credits: 36
Estimated total tuition fees: $11,520
8. University of Central Arkansas
position: Conway, Arkansas
Certification: AACSB International
Cost per credit: $325.00
Total credits: 30
Estimated total tuition fees: $9,750
9. Texas Tech University
position: Lubbock, Texas
Certification: AACSB International
Cost per credit: $333.00
Total credits: 30
Estimated total tuition fees: $9,990
10. Southeastern Oklahoma State University
position: Durant, Oklahoma
Certification: AACSB International
Cost per credit: $337.00
Total credits: 36
Estimated total tuition fees: $12,132
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