Online MBA Programs

An online master of business administration (MBA) is widely believed to guarantee wider career options, more opportunities for promotions, and greater job security. If you pursue an MBA online, you’ll explore many types of management positions in a range of fields such as operations, construction, human resources, and public relations. An MBA will train you for high-level positions in these fields by teaching you practical skills; you don’t need to hold an undergraduate business degree to pursue an MBA.

Students of online MBA programs graduate with advanced degrees that lead to increased job opportunities. The Bureau of Labor Statistics (BLS) projects that the number of job openings in the field will grow by 6% from 2014-2024, with more specific MBA-related fields growing at even higher rates. Furthermore, job candidates with MBAs on average earn $45,000 more per year than their bachelor’s degree-holding counterparts.

By completing an MBA program online, you can earn an advanced degree at an affordable price and from the comfort of your own home. There’s no need to disrupt your busy work or family life to further your education. Read on to learn more about the careers you’ll be eligible for after earning an online MBA degree, and the added advantages of executive online MBA programs.

Online MBA Degree Overview

Degree Avg Degree Cost Avg Loan Default Rate Time Commitment Early Career Pay Mid-Career Pay Unemployment Rate
Master's $19,104 8.56% 1+ years $56,750 $77,466 5.1%
Whether you are new to the field, or looking to advance in your current career, you should weigh the costs and time of getting a new degree against its benefits. There is no one-size-fits-all degree. The best choice for you will depend on your current educational background, financial standing, employment history, and area of interest. For instance, those with no experience may want to consider an associate degree, due to its shorter time commitment and lower cost. If finances are tight for you, then you should prioritize the student loan debt and default categories, as you will want to choose a degree that offers you the best chance of improving your financial standing with minimal risk. If your employer or someone else is paying for your education, then you might want to consider the degree that will offer you the highest salary. All salary information is sourced from the U.S. Bureau of Labor Statistics and/or PayScale

Earning an MBA online can help you significantly advance in your career. Not only are MBA-holders qualified for increased salaries, but the flexibility of an online degree allows professionals to work as they learn, making online MBA programs wise investments.

Choosing Your MBA Career

Average MBA Salaries

$113,860
$124,850
$102,690

Sales Manager

Salary: $113,860
Growth Rate 2014-2024 Number of Jobs: 2014 Degree Certifications
5% 376,300 Masters N/A

Sales managers lead sales teams. They analyze data to set quotas and goals and assign sales territories to sales representatives who work under them. They also train and provide support for sales representatives. Most sales managers were once sales representatives themselves. This first-hand experience gives them inside knowledge of the sales process, which helps them devise more strategic sales plans. Travel to different sites is also often part of a sales manager’s position.

Marketing Manager

Salary: $124,850
Growth Rate 2014-2024 Number of Jobs: 2014 Degree Certifications
9% 225,200 Masters N/A

Marketing managers generate interest in an organization’s products or services by designing targeted advertising programs. To accomplish this goal, they work closely with creative talent in art departments, sales people in marketing departments, and financial staff members in financial departments. Marketing managers usually have prior work experience in advertising, marketing, or sales, and are passionate about promoting their organization’s message. In today’s app-focused economy, an intimate understanding of social media is also beneficial to the position.

Top Executive

Salary: $102,690
Growth Rate 2014-2024 Number of Jobs: 2014 Degree Certifications
6% 2,467,500 Masters N/A

Top executives set policies and design strategies to make sure an organization meets its goals. They direct day-to-day and long-term activities by coordinating the organization’s human and nonhuman resources. Regardless of personality type, the best top executives are simply responsible individuals who are able planners and think in terms of “we” to promote the interests of the organization.

Online MBA Degrees

Master’s

MBA

Even though MBA programs online offer tremendous flexibility, a full-time online MBA may still require more time than you can fit into your busy schedule. That is why many universities also offer part-time MBA programs online. Both full-time and part-time programs will take you through the same curriculum, but a part-time program allows you to pace yourself by taking fewer credit hours per semester. Full-time online MBA programs may be completed in two to three years, whereas completing your part-time MBA online may take three to four years.

Common Majors
Accounting, Finance, Insurance and Risk Management, Management, and Marketing
who Gets an MBA?
Many people already working in the field seeking job advancement, those with no business background seeking a career change

 

EXECUTIVE MBA

An executive MBA online is designed for mid- or senior-level managers who wish to hone their leadership and managerial skills. By contrast, a traditional MBA is for people who are at earlier stages of their careers and may be looking to transition to the business field from another occupation. Executive MBA programs online typically require students to have five to seven years of prior business-related work experience, whereas traditional online MBA programs do not require any prior business experience. The academic program in an executive MBA program is also more accelerated and peer-oriented.

Common Majors
Aerospace & Aviation, Energy, Innovation and Social Business, Leading Digital Transformation, and Luxury
Who Gets an EMBA?
Executives, mid- to senior-level managers, and entrepreneurs

The Top 5 Online MBA Degrees

Rank School Name School Logo City Cost
1

University of North Carolina at Chapel Hill

Chapel Hill
  • in-state tuition: $8,340
  • out-of-state tuition: $30,122
2

Andrews University

Berrien Springs
  • annually: $25,470
3

Maharishi University of Management

Fairfield
  • annually: $26,430
4

Mercer University

Macon
  • annually: $33,120
5

Towson University

Towson
  • in-state tuition: $8,342
  • out-of-state tuition: $20,020

See full rankings