In Best Online MBA Programs: Top 20 Deals, we selected colleges and universities that offered the best value for earning an accredited MBA degree online based on a variety of criteria.
Our methodology included a point system, which placed value on the number of specializations and concentration areas within the MBA program. We awarded points for small class size and low student-to-faculty ratios. Additional value-adding components, such as student body diversity and the availability of special projects and internships, were also evaluated.
The 20 colleges listed below scored the highest among institutions with tuition and fees of less than $12,000 annually, per the National Center for Education Statistics – College Navigator. The following is a guide for students who are seeking the top deal among the best online MBA programs.
#20 – University of Northwestern Ohio
Graduate Tuition/Fees: $11,832
Offering graduate tuition rates under $12,000 annually, the University of Northwestern Ohio is a great school for students looking for a best value online MBA. The MBA curriculum is designed to improve managerial skills and develop knowledge and theories associated with business and management. Course requirements include Executive Leadership, Global Business Issues and Strategies, Production and Operations Management, and Quantitative Analysis for Management. Regional accreditation and low graduate tuition prices earn the University of Northwestern Ohio a place among our best online MBA programs. The University offers access to a list of available scholarships and financial aid opportunities.
#19 – Millennia Atlantic University
Graduate Tuition/Fees: $6,773
An affordable online MBA degree program at Millennia Atlantic University means flexibility and convenience. Working students who desire online options to earn an advanced business degree find Millennia to offer a great opportunity. General course requirements include Finance, Marketing Management, Operations Management, Portfolio Management, and Strategic Management of Organizational Behavior. Course studies cover all areas of business management. To assist students with tuition, the school offers financial aid opportunities that include grant and scholarship options. Millennia is one of the few schools that offer an accredited online MBA degree for under $7,000 per year.
#18 – Dakota State University
Madison, South Dakota
Graduate Tuition/Fees: $8,612
Dakota State University is located in Madison, South Dakota, and lives by the standard that the institution is not a typical four-year university. Founded in 1881 as a school for teachers, today the university is considered one of the most technologically advanced schools in the Midwest. For those interested in earning an inexpensive MBA degree online, Dakota State University delivers. Graduate classes are kept small and curriculum is diverse and comprehensive. The program is accredited by the Higher Learning Commission and Accreditation Council for Business Schools and Programs. Dakota State is listed as one of the most affordable MBA degrees online because of the low cost, in-state graduate tuition rates and fees.
#17 – Southern University and A&M College
Baton Rouge, Louisiana
Graduate Tuition/Fees: $7,338
Students living in Louisiana and those outside of state looking for accredited online MBA degrees are pleased with the affordability that Southern University and A&M College offers. The MBA program is offered entirely online with the option of participating in a business-related internship. In-state tuition for graduate online students is kept low, and financial aid packages are available, which do not include loans. The diverse MBA program has earned accreditation with AACSB International Accreditation, which represents the highest standard of achievement. The curriculum map includes the exploration of such topics as Management Information Systems, Small Business Accounting and Taxation, and Strategic Sales Management.
#16 – Chadron State University
Graduate Tuition/Fees: $4,185
Chadron State University offers a cheap MBA online degree that is designed for mid-level and supervisory managers. The three-year course rotation encompasses a broad scope of knowledge that is applicable to areas of finance, economics, marketing, management, and information management systems. What makes Chadron State a top value among best online MBA programs is affordability. Chadron ranks in the top 3 on our list for cheapest graduate tuition and fees, offering rates just over $4,000 annually. A relatively low student-to-faculty ratio combined with inexpensive tuition makes Chadron one of the best deals for earning an accredited MBA degree online.
#15 – University of Management and Technology
Graduate Tuition/Fees: $7,110
Offering two specializations in business management, the University of Management and Technology in Arlington, Virginia is one of our best deal schools to earn an affordable MBA degree online. Students enrolled in the online MBA can earn General Management Specialization or a Project Management Specialization, depending on areas of interest. For those who want an in-depth project management focus, required courses include Contracts and Procurement, E-Commerce, Planning and Control, Project Finance and Budgeting, and Project Management. Financial assistance for grad students is available, specifically for business and project management students. The Project Management Institute Educational Foundation offers focus-related scholarships at all degree levels.
#14 – Wayne State College
Graduate Tuition/Fees: $4,204
Wayne State College offers very affordable MBA online degree programs specific for the general manager. Students who desire to work in general business management can earn an affordable online MBA degree from Wayne State for $4,200 per year. Graduate students take classes such as Decision Science, Financial Administration, Managerial Communications, and Seminars in Organizational Behavior. All classes are administered entirely online to give students the added value of flexibility, with no required campus visits. While Wayne State does not offer areas of specialization for the MBA student, a low student-to-faculty ratio and small class size are a major benefit of graduate level classes at the college.
#13 – Youngstown State University
Graduate Tuition/Fees: $8,391
Youngtown State University in Youngstown, Ohio offers an accredited online MBA degree designed for students who want to learn in a small class setting. While the school is a university, class sizes are intimate to offer students a small school vibe. Even graduate level courses are kept at a minimum. The average student-to-faculty ratio at Youngstown is 15:1. The online MBA degree program is fully AACSB-accredited, and instructors with strong academic backgrounds, vast teaching experience, and credible professional knowledge in class topics and curriculum teach courses at the graduate level. A diverse student population that is made up of students across the country participate in the online MBA program.
#12 – Beulah Heights University
Graduate Tuition/Fees: $9,820
Beulah Heights University is located in the buzzing city of Atlanta, Georgia. The school makes our list of top deals among best online MBA programs because of a combined factor — affordability and small class size. Beulah offers a student-to-faculty ratio of 13:1. Beulah is one of few Christian universities in the United States to offer an accelerated MBA degree program online. Despite already affordable graduate tuition rates, Beulah offers financial aid packages to those in need of financial assistance. The school accepts military tuition assistance, employee reimbursement, and other options for reducing costs. Grad students looking for a fast-paced and affordable online MBA degree program find Beulah to be a beneficial option.
#11 – Grantham University
Graduate Tuition/Fees: $4,040
Not only does Grantham University offer an inexpensive online MBA degree program, but students may specialize in two areas of concentration. Students have the option of earning an accredited MBA online degree in General Management, or in two areas of specialization – Information Management and Project Management. The Information Management MBA hones skills in Business Ethics, Emerging Technologies, Information Systems Strategic Planning, and Managerial Economics, while the Project Management MBA focuses on Organizational Behavior, Project Management Essentials, Project Management Integration Framework, and Project Management Organization Risk. Helpful financial aid assistance packages and affordable tuition rates make Grantham a top choice for military personnel looking to acquire business acumen and skills.
#10 – Western International University
Graduate Tuition/Fees: $8,352
Western International University makes our list of the best online MBA programs because of the affordable tuition, low student-to-faculty ratio of 14:1, and the Management Specialization option. Students may earn a General MBA or hone their management skills to acquire a Management Concentration. Students work at a pace that best suits their academic needs and life obligations, with the option of acceleration. Course requirements and electives include topics such as Ethical Leadership and Corporate Responsibility, Information Resource Management, Operations Management, and Strategic Concepts in Marketing. Reputable governing bodies both nationally and regionally accredit the university and program.
#9 – New Mexico Highlands University
Las Vegas, New Mexico
Graduate Tuition/Fees: $4,776
The School of Business, Media, and Technology at New Mexico Highlands University offers a Master of Business Administration that makes our list for the most affordable online MBA degree program. For under $5,000 annually, graduate students may work at their own pace to satisfy requirements needed for the online MBA. What is unique about New Mexico Highlands University’s MBA program is the required case write-up and oral presentation due prior to graduation. Instead of a thesis, students present a case solution to an oral examination committee. Upon completion of courses and the case solution exit requirement, students earn an online MBA degree from an accredited institution.
#8 – Minot State University
Minot, North Dakota
Graduate Tuition/Fees: $7,819
Considered an inexpensive MBA degree online, Minot State University’s graduate business program combines affordability with small class sizes, low student-to-faculty ratios, and options for specializations. Minot State’s MBA program allows students to focus their studies on general management, or specialize in Information Systems or Management. The business program is challenging, with courses taught by industry professionals and seasoned professors. Small class sizes with a student-to-faculty ratio of 13:1 gives online MBA students a small college vibe accompanied with state-of-the-art technology. The program is nationally accredited to offer graduate level degrees in business.
#7 – Louisiana State University – Shreveport
Graduate Tuition/Fees: $6,175
Louisiana State University lands among our best online MBA programs list due to low graduate tuition and four available MBA specialization options. Students find the flexibility that Louisiana State offers to work well with satisfying the desire to focus on particular areas of business. The school offers four areas of concentration, including Entrepreneurship and Family Enterprise, Finance, General Business, and Human Resource Management. The accredited MBA online degree program is among only 5% of all business schools to be accredited by AACSB. Graduate students who want flexible learning schedules, smaller class sizes of 20:1 student-to-faculty ratios, and opportunity to hone their MBA degree in particular areas of study find Louisiana State University to be a good fit.
#6 – Delta State University
Graduate Tuition/Fees: $6,562
Delta State University in Cleveland, Mississippi offers two unique MBA programs – the traditional MBA and the integrated MBA. Delta State earns a position on our top 20 deals for the best online MBA programs because of the available specializations and low cost. Budget conscious students find earning a degree from Delta State means not going into debt. The school prides itself on offering attractive financial aid packages, even at the graduate student level. The MBA program offers three areas of specialization, including emphases in Healthcare Administration, Human Resource, and Information Systems Management. The MBA program also offers small class sizes with a student-to-faculty ratio of 13:1.
#5 – Granite State College
Concord, New Hampshire
Graduate Tuition/Fees: $7,875
Located in the scenic city of Concord, New Hampshire, Granite State College offers a relatively inexpensive MBA online degree that allows students to specialize in three areas of business – Leadership, Management, and Project Management. One of the biggest benefits of the accredited online MBA degree program at Granite State is the small class size. Graduate students enjoy the mentorship received from instructors because classes are kept at a minimum enrollment. The average student-to-faculty ratio is 12:1. Faculty members assist students in and out of the classroom, helping with career planning, milestone achievement, and graduation requirements.
#4 – Columbia Southern University
Orange Beach, Alabama
Graduate Tuition/Fees: $5,045
Located in Orange Beach, Alabama, Columbia Southern University offers an affordable online MBA degree program that doesn’t sacrifice on quality. Students may enroll in the MBA program for just over $5,000 annually. The estimated time of completion for most online MBA students is three years; however, accelerated options are available. Students also have the option of focusing their studies in various areas of concentration. While class sizes are larger than most MBA programs, the seven areas of concentration allow students ample options in honing their business education. These specializations include Finance, General Business, Health Care Management, Human Resource Management, Marketing, Project Management, and Public Administration.
#3 – Thomas Edison State College
Trenton, New Jersey
Graduate Tuition/Fees: $11,106
Thomas Edison State College offers an affordable online MBA degree that offers the best of both worlds – low tuition rates, small class sizes, and ample areas of specialization. Students have the option of earning a general business degree or honing their skills by focusing on a particular area of interest. There are six available MBA specializations. These include Accounting, Data Analytics, Finance, Healthcare Management, Human Resource Management, and Marketing. Graduate students who want flexible study options can benefit from the online and self-paced course schedule, as well as the areas of study. Students may elect to sample certain courses in various specializations before declaring an area of concentration.
#2 – Aspen University
Graduate Tuition/Fees: $4,050
Aspen University is located in Denver, Colorado and is home to one of the most affordable online MBA degree programs. The school earns a spot on our best online MBA rankings because of the program’s price and optional specializations. The school also offers the lowest student-to-faculty ratio on our list – 5:1. Students may choose a general MBA or to specialize their business degree. There are five specializations to choose from, including Entrepreneurship, Finance, Information Management, Pharmaceutical Marketing and Management, and Project Management. Students with particular areas of interest, or specific career goals, find the unique specializations beneficial.
#1 – Bellevue University
Graduate Tuition/Fees: $9,720
While Bellevue University does not offer the least expensive online MBA degree program in the United States, it does offer the most areas of concentration. Bellevue requires MBA students to declare a concentration during the first term of the MBA program. There are 20 specialization areas to choose from, including unique options that are not normally offered at institutions. Some of the more unique concentrations include Cyber Security, Executive Coaching, Global Economic Threat Environment, International Management, and Tax. Students who are unsure about specific areas of interest may take classes in a variety of topics to help hone their concentration and specialized skills.
This concludes our ranking of Top 20 Deals among the Best Online MBA Programs.
By GCD Staff
Published November 2016