The Best Online MBA Programs for 2025

Undertaking an online Master of Business Administration program is a valuable undertaking for individuals aiming to advance their professional lives and sustain a leading position in the business sphere.

Key Takeaways

  • Top Online MBA Programs: Indiana University, UNC Chapel Hill, University of Michigan, Rice University, and Carnegie Mellon offer highly ranked online MBA programs.
  • Affordability and Prestige: These programs combine high-quality education with affordability, making them attractive for professionals.
  • Accreditation: All programs are AACSB-Accredited, ensuring they meet high educational standards.

With the convenience of online learning individuals can earn their MBA while balancing their work and personal responsibilities. By adopting an online structure, learners can tap into a top notch educational experience and connect with a global array of instructors, specialists, and graduates.

Featured Online MBA Programs

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

The online MBA curriculum aims to equip learners with the expertise, understanding, and direct exposure needed to excel across diverse sectors, fostering a strategic thought process for making well-informed business choices. With a broadly applicable curriculum that covers critical business topics with hands-on coursework using real-world scenarios, an online MBA can significantly boost your career and earning potential.

EDsmart has created this list of the best online MBA programs of 2024 to help you find the best value education in continuing your education.

Best Online MBA Programs

1

Rice University

Location: Houston, TX

Admission Rate: 9%

Average SAT Score: 1546

Undergraduate Enrollment: 4,480

The MBA@Rice program is seen as equally prestigious, if not more so, than the on-campus equivalent. It's often referred to as the "Ivy of the South" in business education.

Located in Houston, TX, this AACSB-Accredited program offers a high-quality online MBA experience, combining the prestige of Rice University with the flexibility of online learning.

Tuition for the Full-Time MBA and MD/MBA programs is $73,500 per year. 

Accreditation: Southern Association of Colleges and Schools Commission on Colleges

Average Cost of Attendance: $71,745

In-state Tuition and Fees: $54,960

Out-of-state Tuition and Fees: $54,960

Median Total Debt After Graduation: $11,000

Median Earnings (10 years): $89,718

Average Net Price
$15,091
Retention Rate
98%
Graduation Rate
94%
Median Earnings (6 years)
$79,751
2

University of North Carolina at Chapel Hill

Location: Chapel Hill, NC

Admission Rate: 17%

Average SAT Score: 1449

Undergraduate Enrollment: 19,921

The MBA@UNC program is known for its flexibility, strong core curriculum, and talented professors and students. The program is "heavily invested in" providing a comprehensive business education.

Located in Chapel Hill, North Carolina, this AACSB-Accredited program offers a blend of rigorous academics and flexibility, making it ideal for working professionals seeking a top-tier online MBA experience.

Tuition for the MBA programs is $53,776 per year. 

Accreditation: Southern Association of Colleges and Schools Commission on Colleges

Average Cost of Attendance: $24,711

In-state Tuition and Fees: $8,989

Out-of-state Tuition and Fees: $37,550

Median Total Debt After Graduation: $14,000

Median Earnings (10 years): $72,200

Average Net Price
$12,414
Retention Rate
96%
Graduation Rate
91%
Median Earnings (6 years)
$57,057
3

University of Michigan-Ann Arbor

Location: Ann Arbor, MI

Admission Rate: 18%

Average SAT Score: 1473

Undergraduate Enrollment: 32,448

The Ross School of Business offers a highly regarded online MBA program, combining the prestige of the University of Michigan with the flexibility of online learning.

Located in Ann Arbor, MI, this AACSB-Accredited program is known for its rigorous curriculum and strong alumni network. It attracts students looking for a top-tier business education in a flexible format.

Tuition for the 57 credits MBA programs is $118,000. 

Accreditation: Higher Learning Commission

Average Cost of Attendance: $32,139

In-state Tuition and Fees: $16,736

Out-of-state Tuition and Fees: $55,334

Median Total Debt After Graduation: $19,500

Median Earnings (10 years): $83,648

Average Net Price
$16,792
Retention Rate
97%
Graduation Rate
94%
Median Earnings (6 years)
$73,762
4

University of Wisconsin-Madison

Location: Madison, WI

Admission Rate: 49%

Average SAT Score: 1374

Undergraduate Enrollment: 35,184

Accredited by the Higher Learning Commission, UW-Madison exemplifies the public university model: providing quality education at scale while maintaining affordability, particularly for state residents. This approach positions it as a key player in discussions about higher education's role in fostering broad economic mobility.

Tuition for the MBA programs is $27,764.80 per year. 

Accreditation: Higher Learning Commission

Average Cost of Attendance: $27,100

In-state Tuition and Fees: $10,796

Out-of-state Tuition and Fees: $39,427

Median Total Debt After Graduation: $20,484

Median Earnings (10 years): $73,792

Average Net Price
$16,834
Retention Rate
94%
Graduation Rate
88%
Median Earnings (6 years)
$61,275
5

Indiana University-Bloomington

Location: Bloomington, IN

Admission Rate: 82%

Average SAT Score: 1322

Undergraduate Enrollment: 35,401

"Perennially ranked at the top for online MBA programs," this school offers flexible schedules and numerous networking opportunities. It's praised as "the only top tier program that was affordable and value-adding."

Located in Bloomington, IN, the program is AACSB-Accredited. It stands out for its combination of prestige and affordability, making it an attractive option for professionals seeking a high-quality online MBA experience.

Tuition for the MBA programs is $29,573 per year. 

Accreditation: Higher Learning Commission

Average Cost of Attendance: $27,131

In-state Tuition and Fees: $11,447

Out-of-state Tuition and Fees: $39,120

Median Total Debt After Graduation: $19,509

Median Earnings (10 years): $63,742

Average Net Price
$15,878
Retention Rate
90%
Graduation Rate
80%
Median Earnings (6 years)
$53,417
6

Carnegie Mellon University

Location: Pittsburgh, PA

Admission Rate: 11%

Average SAT Score: 1546

Undergraduate Enrollment: 7,005

The Part-Time Online MBA offers a unique blend of online classes and on-site "Access Weekends" every two months at various Carnegie Mellon locations across the US.

Located in Pittsburgh, PA, this AACSB-Accredited program combines the flexibility of online learning with periodic in-person sessions, offering students a comprehensive and immersive MBA experience.

Tuition for the MBA programs is $39,181 per year. 

Accreditation: Middle States Commission on Higher Education

Average Cost of Attendance: $77,465

In-state Tuition and Fees: $61,344

Out-of-state Tuition and Fees: $61,344

Median Total Debt After Graduation: $21,750

Median Earnings (10 years): $114,862

Average Net Price
$34,550
Retention Rate
97%
Graduation Rate
85%
Median Earnings (6 years)
$105,360
7

Oklahoma State University-Main Campus

Location: Stillwater, OK

Admission Rate: 71%

Average SAT Score: 1145

Undergraduate Enrollment: 20,362

Tuition for the 37 credit hours/2 years (full-time) MBA programs is $18,093.00. 

Accreditation: Higher Learning Commission

Average Cost of Attendance: $24,770

In-state Tuition and Fees: $10,234

Out-of-state Tuition and Fees: $25,754

Median Total Debt After Graduation: $20,500

Median Earnings (10 years): $57,413

Average Net Price
$14,505
Retention Rate
83%
Graduation Rate
65%
Median Earnings (6 years)
$46,855
8

University of Kansas

Location: Lawrence, KS

Admission Rate: 88%

Average SAT Score: 1192

Undergraduate Enrollment: 18,539

Estimated Total Program Cost (full-time) MBA program is $37,590 per year. 

Accreditation: Higher Learning Commission

Average Cost of Attendance: $24,888

In-state Tuition and Fees: $11,167

Out-of-state Tuition and Fees: $28,035

Median Total Debt After Graduation: $21,000

Median Earnings (10 years): $61,945

Average Net Price
$18,430
Retention Rate
85%
Graduation Rate
65%
Median Earnings (6 years)
$51,217
9

Kansas State University

Location: Manhattan, KS

Admission Rate: 95%

Average SAT Score: Data unavailable

Undergraduate Enrollment: 14,762

Maixmum total cost MBA program is $30,000 per year. 

Accreditation: Higher Learning Commission

Average Cost of Attendance: $24,923

In-state Tuition and Fees: $10,448

Out-of-state Tuition and Fees: $26,519

Median Total Debt After Graduation: $21,250

Median Earnings (10 years): $57,262

Average Net Price
$17,861
Retention Rate
86%
Graduation Rate
64%
Median Earnings (6 years)
$49,330
10

Ball State University

Location: Muncie, IN

Admission Rate: 69%

Average SAT Score: 1191

Undergraduate Enrollment: 13,466

Graduate Student Online Courses cost of the MBA program is $10,208 per year. 

Accreditation: Higher Learning Commission

Average Cost of Attendance: $24,478

In-state Tuition and Fees: $10,440

Out-of-state Tuition and Fees: $27,924

Median Total Debt After Graduation: $23,250

Median Earnings (10 years): $51,833

Average Net Price
$15,419
Retention Rate
73%
Graduation Rate
66%
Median Earnings (6 years)
$44,394

MBA Guide

What is an MBA?

An MBA (Master of Business Administration) is a graduate-level degree created to educate professionals in finance, accounting, human resources, and other business-related fields. The goal was to produce graduates capable of advancing companies using a scientific approach.

Today, an MBA is valuable for various career paths, not just business management.

MBA Admission Requirements:

  • Bachelor's degree from an accredited institution
  • Acceptable GMAT scores (for most programs)
  • Meeting specific school requirements

It's beneficial to research programs well in advance of application deadlines to understand specific requirements and important dates.

Earning Your MBA Online

Online MBA programs offer flexibility for busy professionals with career and family obligations. Before choosing an online MBA, consider:

  • Program accreditation and accrediting agencies
  • School-specific requirements
  • Course flexibility and availability

Accreditation

Accreditation ensures that an institution meets specific educational standards. It's crucial for:

  • Selecting a reputable institution
  • Transferring credits between institutions
  • Ensuring fairness in graduation exams
  • Demonstrating program quality to employers

AACSB Accreditation

The Association to Advance Collegiate Schools of Business (AACSB) is a well-known accrediting body for business schools. Founded in 1919, it accredits schools in 51 countries. Only about 10% of online colleges in the U.S. receive AACSB accreditation. Schools are re-evaluated every five years to ensure ongoing compliance.

Key Accrediting Bodies:

  • AACSB (Association to Advance Collegiate Schools of Business)
  • ACBSP (Accreditation Council for Business Schools and Programs)
  • CHEA (Council for Higher Education Accreditation)
  • DEAC (Distance Education Accrediting Commission)
  • IACBE (International Accreditation Council for Business Education)

Popular MBA Programs

1. Project Management MBA

Focuses on managing business projects from start to finish. Courses include project planning, quality control, and risk management. Common industries: construction, software development, communications.

Average salary: $84,972 (Glassdoor.com)

2. Healthcare Management MBA

Specializes in healthcare sector management, including financial issues, laws, and ethics related to healthcare. Career paths include hospital administration and healthcare consulting.

Average salary: $66,875 (Glassdoor.com)

3. Human Resources MBA

Concentrates on personnel management, leadership, hiring, and workplace dynamics. Graduates can work as HR managers, handling employee needs, company morale, and workplace legalities.

Average salary: $60,547 (Glassdoor.com)

Dual Online MBA Programs

Dual MBA programs allow students to earn two degrees simultaneously, saving time and money. Popular options include:

  • MSN MBA Dual Degree Online: Combines nursing and business administration, ideal for roles in healthcare administration or consulting.
  • MBA MHA Dual Degree Online: Combines business administration with healthcare administration, opening opportunities in pharmaceuticals, health insurance, and public policy.

Note: While many schools offer MBAs with healthcare concentrations, true online MBA MHA dual degree programs are less common.

Frequently Asked Questions

How Long Does it Take to Complete an Online MBA?

An online MBA typically takes two years to complete. However, some accelerated programs can be completed in 18, 15, or even 12 months, whereas some part-time programs can take three to six years to complete.

What Are the Requirements for MBA Admissions?

The requirements for MBA admissions are generally a bachelor's degree and GRE or GMAT scores. However, some of the best business schools offering an online MBA do not require a GMAT.

What Are Some MBA Careers?

There are many MBA careers. Individuals with an MBA can pursue careers in a wide range of fields. Some popular MBA careers include:

  • Budget Analyst
  • Business Advisory Consultant
  • Business Systems Analyst
  • Chief Executive Officer
  • Chief Financial Officer
  • Chief Operating Officer
  • Chief Technology Officer
  • Client Services Consultant
  • Credit Risk Analyst
  • Equity Research Analyst
  • Finance Director
  • Financial Analyst
  • Financial Manager
  • Foreign Exchange Trader
  • Human Resources Director
  • Information Systems Manager
  • International Trade Specialist
  • Investment Analyst
  • IT Consultant
  • Management Analyst
  • Marketing Manager
  • Mergers & Acquisition Analyst
  • Operations Manager
  • Personnel Manager
  • Portfolio Manager
  • Product Development Financial Analyst
  • Project Manager
  • Research Analyst
  • Risk Analyst

MBA Career Fields

  • Banking
  • Brand or Product Management
  • Corporate Financial Management
  • Customer Relations
  • Data Analysis
  • Economic Advising
  • Government Agencies
  • Health Care Industry
  • Human Resources Management
  • Insurance
  • International Banking
  • Law Firm Management
  • Market Research
  • Money Management
  • Non-profit Management
  • Operations Management
  • Personal Financial Planning
  • Production Management
  • Purchasing & Procurement
  • Quality Control
  • Real Estate
  • Research & Forecasting
  • Sales & Retail
  • Teaching
  • Technology
  • Transportation & Logistics

Popular Online MBA Programs

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