Best Online MBA Programs

Thomas BroderickNalea KoACO Rankings Team
Updated on November 6, 2023
Edited by
The best online MBA programs prepare you for management-level positions and high-paying roles in business, finance, and even healthcare.

Want to improve your career prospects and salary potential in the business world? Then consider applying to online MBA programs. Top MBA programs let you specialize in key business topics like finance, marketing, and management.

Full-time students can earn an MBA degree online in two years, while part-time students take around three years. No matter which option you choose, you’ll graduate with the skills needed for a successful career in business.

We ranked the best online MBA programs using criteria like tuition rates, coursework, support services, and student outcomes.

Why You Should Earn Your MBA Degree Online

  • check-circle Some employers require candidates for leadership and executive roles to have an MBA.
  • check-circle Asynchronous online MBA classes let you complete coursework on your own time.
  • check-circle Out-of-state public universities may offer in-state tuition rates if you enroll in a 100% online program.
  • check-circle The best online MBA programs feature the same student services as on-campus programs, including resume support and career services.
  • check-circle Online education makes it easier to network with peers living around the U.S. — or even around the world.
  • check-circle You can enroll in an out-of-state school without spending money on relocating.

Featured Online MBA Programs

Find a program that meets your affordability, flexibility, and education needs through an accredited, online school.

Top 20 Online MBA Programs

The school and/or program descriptions below were drafted using natural language generation technology and have been edited for clarity and accuracy. The data is primarily sourced from government databases such as IPEDS – see sources section for more details.

All rankings and school descriptions on this page were created and reviewed independently by the ACO Rankings Team.

We use trusted sources like Peterson's Data and the National Center for Education Statistics to inform the data for these schools.
from our partners appear among these rankings and are indicated as such.
#1

The University of Texas Rio Grande Valley

  • Edinburg, TX
  • 4 year
  • Campus + Online
  • Accredited

What Sets It Apart: 

UTRGV's online MBA allows you to graduate in as little as 12 months. Short, intensive courses let you focus on fewer subjects at once. The curriculum emphasizes modern, data-driven skills like business intelligence, data warehousing, and marketing analytics.

Cost per Credit:
In-State | $472
Out-of-State | $472

Credits to Graduate: 36

Programmatic Accreditation: AACSB International

Why Students Choose UTRGV:

  • Accelerated Timeline: The 12-month program is ideal for working adults seeking a rapid return on investment.
  • Analytics Emphasis: Courses in business intelligence, data warehousing, and marketing analytics build modern, data-driven skills.
  • No Application Fees: Apply for free with no added cost.

Know Before You Enroll:

  • Multiple start dates let you begin classes when it fits your schedule.
  • Foundation courses are available if you don’t have a business background.

67%

Online Enrollment

$ 6,948

Avg. Grad Tuition, In-State

81%

Retention Rate

$14,499

Avg. Grad Tuition, Out-of-State
Acceptance Rate
94%
Students Enrolled
33,881
Institution Type
Public
#2

University of Minnesota-Twin Cities

  • Minneapolis, MN
  • 4 year
  • Campus + Online
  • Accredited

What Sets It Apart: 

The University of Minnesota-Twin Cities (UNM) offers an online MBA with strong career outcomes, including solid salary increases and promotion rates. Its flexible completion window of 2-7 years lets you tailor the pace to your work and life demands. UNM also offers an in-person residency that helps you build local connections within the industry.

Cost per Credit:
In-State | $1,797
Out-of-State | $1,797

Credits to Graduate: 52

Programmatic Accreditation: AACSB International

Why Students Choose UNM Twin Cities:

  • Career Outcomes: UNM graduates in 2024 reported a 62% average salary increase and a 39% promotion/advancement rate within just four months.
  • Flexible Timeline: Complete the online MBA in 2-7 years at your preferred pace.
  • Built-In Residency: Connect with local employers and classmates through an in-person residency in Minneapolis-St. Paul.

Know Before You Enroll:

  • The program does not offer specializations, but extensive elective options allow you to customize your MBA.
  • You may automatically receive a 15% tuition discount if you apply by the priority deadlines or qualify through military or corporate partner status.

36%

Online Enrollment

$19,116

Avg. Grad Tuition, In-State

91%

Retention Rate

$29,580

Avg. Grad Tuition, Out-of-State
Acceptance Rate
80%
Students Enrolled
56,666
Institution Type
Public
#3

University of Maryland-College Park

  • College Park, MD
  • 4 year
  • Campus + Online
  • Accredited

What Sets It Apart: 

The UMD's online MBA stands out for its AI-forward curriculum, covering topics such as machine learning, intelligent technologies, and modern global disruptions. You can also add in-person courses, certificates, and experiential learning at three Maryland/D.C. campuses, including action learning projects and opportunities to help manage a $1 million global equity fund.

Cost per Credit:
In-State | $1,733
Out-of-State | $1,733

Credits to Graduate: 54

Programmatic Accreditation: AACSB International

Why Students Choose UMD:

  • AI-Focused Curriculum: Learn how AI is reshaping business and build skills that give you an edge in a rapidly evolving landscape.
  • Specialization Options: Choose from four career-focused specializations, along with electives in AI, analytics, supply chain, and technology management.
  • Career Services: Access lifetime career support, including coaching, workshops, mock interviews, and recruiting tools.

Know Before You Enroll:

  • If admitted, you must submit a $750 deposit within four weeks to secure your seat in the program.
  • Merit scholarships up to $25,000 are available for spring and fall 2026 students.
  • The program is a combination of live online classes and self-paced learning.

30%

Online Enrollment

$16,560

Avg. Grad Tuition, In-State

96%

Retention Rate

$36,100

Avg. Grad Tuition, Out-of-State
Acceptance Rate
45%
Students Enrolled
41,725
Institution Type
Public
#4

California State University, San Bernardino

  • San Bernardino, CA
  • 4 year
  • Campus + Online
  • Accredited

What Sets It Apart: 

CSUSB's online MBA includes a unique bootcamp that helps you build key business skills before starting your core courses. The program offers true flexibility for working adults. You have the option of completing the MBA quickly with a structured 21-month plan or choosing a slower, more flexible pace.

Cost per Credit:
In-State | $1,100
Out-of-State | $1,100

Credits to Graduate: 48

Programmatic Accreditation: AACSB International

Why Students Choose CSUSB:

  • MBA Boot Camp: This structured set of prep modules helps you improve business fundamentals before moving onto core courses.
  • Focused Sessions: Two 6-week sessions per semester let you concentrate on one class at a time.
  • Accelerated or Flexible Path: Finish in as little as 21 months or extend your timeline as needed.

Know Before You Enroll:

  • This program is fully self-paced (asynchronous).
  • You must have at least two years of professional experience to apply. 

74%

Online Enrollment

$ 7,176

Avg. Grad Tuition, In-State

80%

Retention Rate

$16,680

Avg. Grad Tuition, Out-of-State
Acceptance Rate
93%
Students Enrolled
17,900
Institution Type
Public
#5

University of Utah

  • Salt Lake City, UT
  • 4 year
  • Campus + Online
  • Accredited

What Sets It Apart: 

The University of Utah's online MBA is designed for working professionals and delivered through a custom-built digital platform. You can stack certificates in areas such as business analytics, cybersecurity management, and information systems, or pursue dual degrees like the MHA, MSBA, or MS in finance. The program also allows you to mix online and on-campus courses for added flexibility.

Cost per Credit:
In-State | $1,500
Out-of-State | $1,500

Credits to Graduate: 48

Programmatic Accreditation: AACSB International

Why Students Choose Utah:

  • Stackable Credentials: Choose from five dual degree programs and four stackable certificates to increase your career potential. 
  • Promotion Rate: About half of Utah online MBA students receive a promotion before they graduate, while 36% of graduates reported an average 36% salary increase.

Know Before You Enroll:

  • Expect a mix of asynchronous (self-paced) and synchronous (live) learning.
  • Admissions scholarships are available to newly admitted students, but they are limited to a first-come, first-served basis.

50%

Online Enrollment

$ 7,353

Avg. Grad Tuition, In-State

86%

Retention Rate

$25,961

Avg. Grad Tuition, Out-of-State
Acceptance Rate
86%
Students Enrolled
36,894
Institution Type
Public

Application Requirements for an Online MBA

  • check-circle Completed application and application fee
  • check-circle Undergraduate transcripts
  • check-circle Resume
  • check-circle Statement of purpose
  • check-circle 2-3 letters of recommendation
  • check-circle GMAT or GRE scores, if required
  • check-circle Interview, if required

Price Check

The average cost of an MBA is around $30,000 in tuition and fees, according to 2016 data from the National Center for Education Statistics (NCES).

Importance of Accreditation for Online MBA Programs

The best online MBA programs hold both institutional and programmatic accreditation.

You can check a school’s accreditation status by using the directories on the Council for Higher Education Accreditation website or the Department of Education website.

Top MBA programs should hold programmatic accreditation from one or more recognized business program accreditors:

Programs with AACSB, ACBSP, or IACBE accreditation offer many benefits, including a rigorous curriculum and high-quality student services. These programs also do the most to help you land a job.

What You’ll Study in an Online MBA Program

In an online MBA program, you’ll learn business and accounting basics. You’ll study topics like business strategy, operations management, entrepreneurship, business law, and microeconomics.

Online MBA programs require 36-48 credits across a mix of core and elective courses. You’ll also likely need to complete a capstone or thesis project.

Some programs give you the opportunity to do an in-person internship at a local business.

Most online MBA programs let you tailor your coursework to a specific concentration, such as finance or human resources.

Common MBA Concentrations

MBA concentrations give students specialized training in specific areas of business and can lead to a salary boost. You can complete an MBA in healthcare administration, entrepreneurship, finance, supply chain management, or hospitality management, among other specialties explored here.

Accounting

An accounting concentration can prepare you to understand accounting data and concepts to make informed business decisions, regardless of the specific sector you work in. Possible coursework may teach you about cost analysis, regulatory issues, taxes, and financial statement analysis. Potential career outcomes for graduates include positions as management analysts or financial managers.

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Entrepreneurship

After college, you can start your own business or work as a consultant with the tools and knowledge gained in an MBA in entrepreneurship. You’ll learn about building a new venture, including branding, marketing, and day-to-day operations. Employers hire these graduates to fill positions as chief strategy officers, business consultants, and nonprofit fundraisers.

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Finance

From portfolio management to financial markets and institutions, an MBA with a finance concentration covers all aspects of advanced financial management. The topics surveyed in this course may include international financial markets, corporate risk and insurance management, and financial statement analysis. The best online MBAs can prepare you for financial analyst, finance manager, or investment banker roles.

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Healthcare Administration

Through an MBA in healthcare administration, you can get an advanced perspective of the operational side of a medical facility. Common courses include healthcare law, managerial accounting, and healthcare analytics. This concentration can prepare you to seek a leadership position in the medical field. Graduates can pursue jobs as healthcare information managers, hospital administrators, or patient administrators.

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Hospitality Management

With a concentration in hospitality management, you can learn to apply business concepts to careers in event planning and airline and cruise management or at hotels, resorts, and travel agencies. Concentration courses teach you about event leadership and planning, corporate law and ethics, strategic event management, and quality service operations analysis.

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Human Resources

Earning an MBA with a concentration in human resources (HR) puts executive and management HR positions within your reach. The concentration often emphasizes staffing and employment law with coursework in workforce planning and development, compensation and benefits, employee relations, and organizational behavior and policy. As a human resources manager, you can work for the government and healthcare, manufacturing, or management companies.

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Information Systems

When you earn an MBA with a specialty in information systems, you can chase a career as a computer and information systems manager or database administrator. To prepare for these careers, you’ll study database management systems, information systems principles, and computer applications for business.

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Information Technology

Through a concentration in information technology, you can study topics such as big data analytics and data mining for business. Professionals like computer and information systems managers commonly hold MBAs. These professionals work in computer systems design, information, finance, and manufacturing.

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International Business

If you want to work globally in business, consider an MBA in international business. The concentration incorporates international communication, strategy, marketing, and financial policy courses that provide the education necessary to work in global business. To gain a greater cultural perspective of the global economy, international business students in the best online MBA programs may study abroad.

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Marketing

An MBA in marketing provides insights into consumer behavior, advertising and promotional strategies, and marketing research. The coursework merges business managerial responsibilities with marketing concepts to give you the skills to launch, analyze, and measure marketing campaigns. You can pursue roles like product marketing manager, brand manager, and market research director.

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Project Management

Companies across various sectors need project managers to keep departments on task and see projects through the entire business systems life cycle. An MBA in project management teaches you about cost estimation, quality control, and risk management. Project managers primarily work in professional, scientific, and technical services, but also in construction, manufacturing, and finance.

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Supply Chain Management

To pursue a career as a logistician, consider an MBA in supply chain management. The courses teach you about sourcing, procurement, and management, as well as demand and supply planning and operations and logistics. Logisticians work in manufacturing, federal government, and wholesale trade. You can pursue positions like purchasing manager, supply chain manager, and operations manager.

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How Much Does an Online MBA Cost?

The average MBA program charges $17,500 in annual tuition and fees, according to 2016 NCES data. Many factors affect the cost of online MBA programs, such as whether you qualify for in-state tuition.

You can lower your out-of-pocket expenses in several ways, including by applying for federal financial aid. You must submit the FAFSA each year if you want to qualify for federal grants and low-interest loans. Your school’s financial aid office can help you fill out this form accurately.

Other aid includes scholarships for MBA students.

Jobs for MBA Graduates

The jobs available for MBA graduates depend on a person’s individual concentration. For example, you may want to research programs with finance concentrations if you hope to become a finance manager.

An MBA can also help you advance your career if your employer restricts management-level positions to employees with advanced degrees. Many MBA job hubs exist to help you find a first job or start a new career. You can use these to research the latest postings for popular MBA jobs like those in the table below.

MBA Jobs and Salaries
JOBMEDIAN ANNUAL SALARY (MAY 2022)JOB GROWTH RATE (2022-2032)MINIMUM EDUCATION REQUIRED
Financial Managers$139,79016%Bachelor’s
Human Resources Managers$130,0005%Bachelor’s
Top Executives$100,0903%Bachelor’s
Financial Analysts$96,2208%Bachelor’s
Project Management Specialists$95,3706%Bachelor’s
Personal Financial Advisors$95,39013%Bachelor’s
Management Analysts$95,29010%Bachelor’s
Financial Examiners$82,21020%Bachelor’s
Budget Analysts$82,2603%Bachelor’s
Accountants and Auditors$78,0004%Bachelor’s
Source: Bureau of Labor Statistics

Frequently Asked Questions About Online MBA Programs

How long does it take to earn an MBA?

On-campus and online MBA programs usually take full-time students about two years to finish. If you opt for an accelerated MBA, you may finish in as few as 1.5 years. Part-time students, on the other hand, typically take 3-3.5 years to earn their MBA.

Is an online MBA respected?

Employers regard accredited online MBA programs as equal to on-campus programs. Advances in online education mean the best online MBAs offer a rigorous curriculum that aligns well with employers’ needs. Note, however, that employers will still likely consider your university’s overall reputation when considering the reputability of your MBA.

Can you get a good job with an online MBA?

Yes. High-paying MBA roles include computer and information systems manager, financial advisor, and operations research analyst. These and other careers feature high median salaries, according to the Bureau of Labor Statistics (BLS).

Use your career aspirations to guide your research of online MBA programs. You may need to concentrate in a specific area to qualify for your ideal job.

How much do MBA graduates make?

MBA graduates can earn vastly different salaries depending on their years of experience, location, employer, and position. Degree-holders in leadership and management roles may earn over six figures.

According to the BLS, the median income for all business and financial occupations was $76,850 as of May 2022 — that’s around $30,000 more than the median salary for all jobs in the U.S.

Will your online MBA result in a higher salary?

Many schools report that some or most students earn more money after getting their MBA. That said, many factors can affect your earning potential, including your location, your MBA concentration, and prior work experience.

Your school’s career center can keep you up to date with changing economic trends and BLS job growth projections. The center can also help you improve your resume and interviewing skills.

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