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Do you want to know about the best online business administration master’s degrees? This guide reviews online Master’s Degrees in Business Administration (MBAs), the best schools with online MBA programs, the cost of tuition, and common courses covered in online business administration master’s degree programs.
We also explore business administration master’s degree jobs you’ll be qualified for after you graduate with an online MBA. An online Master’s Degree in Business Administration can open up high-paying career opportunities in supply chain management, business analytics, or project management.
Where Can I Get a Business Administration Master’s Degree Online?
Some of the best schools to get a business administration master’s degree online include Arizona State University, Drexel University, Oklahoma State University, and Penn State World Campus. Both public universities and private universities offer online graduate business programs.
What Schools Offer the Best Business Administration Master’s Degrees?
- Southern New Hampshire University
- University of Arizona
- University of Maryland Global Campus
- University of Massachusetts Amherst
- University of Wisconsin
What Are the Admission Requirements for an Online Business Administration Master’s Degree?
The admission requirements for an online business administration master’s degree are a bachelor’s degree or equivalent level of education as well as certain GPA, GMAT, or GRE test scores. Some schools require interviews, and most schools require applicants to include a resume, one or more letters of recommendation, and an admissions essay or personal statement.
If you don’t meet the admission requirements for a specific program, you should contact the school’s admissions team. Some schools will still admit prospective students who don’t meet all the requirements.
Online Business Administration Master’s Degree Admission Requirements
- Bachelor’s degree
- GPA, GMAT, or GRE score
- Official transcripts
- Letters of recommendation
- Admissions essay or personal statement
How to Get a Business Administration Master’s Degree Online
You can get a business administration master’s degree online by fulfilling all of the graduation requirements for your chosen program. This includes completing a specific number of credits, maintaining the required minimum GPA, and completing a capstone project or case study analysis.
Make sure to check each program’s requirements because there may be different graduation requirements depending on the school you select. Knowing the graduation requirements will help you with your decision-making process.
Business Administration Degree Requirements
- Complete a minimum of 30 to 45 total credits
- Take around 21 credits in lower-level business administration courses
- Take around 9 credits in upper-level business administration courses
- Take 6 to 10 credits of electives
- Take a capstone course or write a thesis
Best Online Business Administration Master’s Degree Programs and Schools: Overview
| School | Program | Accreditation |
|---|---|---|
| Arizona State University | Master of Business Administration | Higher Learning Commission |
| Ball State University | Master of Business Administration | Association to Advance Collegiate Schools of Business |
| Drexel University | Master of Business Administration | Middle States Commission on Higher Education |
| Oklahoma State University | Master of Business Administration | Higher Learning Commission |
| Penn State World Campus | Master of Business Administration |
Middle States Commission on Higher Education |
| Southern New Hampshire University | Master of Business Administration | New England Commission of Higher Education |
| University of Arizona | Master of Business Administration | Association to Advance Collegiate Schools of Business |
| University of Maryland Global Campus | Master of Business Administration |
International Accreditation Council for Business Education |
| University of Massachusetts Amherst | Master of Business Administration | Association to Advance Collegiate Schools of Business |
| University of Wisconsin-Eau Claire | Master of Business Administration | Association to Advance Collegiate Schools of Business |
Best Schools for Business Administration: Top Online Business Administration Master’s Degree Programs
Looking for a great school with the perfect online business administration master’s degree programs can be challenging for prospective students. We are here to help with this list of the best schools with online graduate business programs. See below for detailed information about each school, including admission requirements and program specifics.
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Arizona State University | Scottsdale, AZ
The US News & World Report has ranked Arizona State University (ASU) as the number one most innovative school for the past seven years. ASU online currently has 13,194 graduate students enrolled. The quality of online education is as good as ASU in-person programs, and a diploma from ASU online looks the same as a diploma earned in person.
Master of Business Administration
This master’s program is worth 49 credits and will teach you how to analyze the human side of organizations through management theories and applications, statistical analysis, and a variety of electives. Electives you can choose from include business-to-business marketing, product and service development, and supplier management and negotiation.
Master of Business Administration Overview
- Accreditation: Higher Learning Commission
- Tuition and Fees: $554/credit
- Required Credits: 49 credits
- Program Length: 21 months
- Learning Format: 100% online
- NCES School Graduation Rate: 24%
Master of Business Administration Admission Requirements
- GPA: 3.00 minimum in the last 60 semester hours of your bachelor’s degree or master’s degree program
- Standardized Tests: GMAT or GRE test scores
- Application Fee: $70
- Minimum Education: Bachelor’s degree
- Other Requirements: Program-specific admission essay, up-to-date curriculum vitae or resume, and two professional letters of recommendation.
Applying to Arizona State University
- Complete and submit the online application (select “Online” as your campus) before the application deadline.
- Pay the application fee.
- Submit transcripts from all previously attended colleges and universities.
Ball State University | Muncie, IN
Ball State University was founded in 1918 and ranked as the 20th best online MBA program by US News & World Report for 2021. This public research university has 21,597 students enrolled over seven academic colleges. The student-to-faculty ratio is 14 to one, providing students with small classes and one-on-one time with professors.
Master of Business Administration
The Ball State University online MBA program is between 30 and 33 credits. The core subjects include topics like economic analysis for managers, statistics and quantitative methods, and the fundamentals of management and marketing.
Electives to consider as additional courses to complete the credit requirement are in topics like artificial intelligence (AI), healthcare administration, information technology leadership, and logistics and supply chain management, to name a few.
Master of Business Administration Overview
- Accreditation: Association to Advance Collegiate Schools of Business
- Tuition and Fees: $474.33/credit (in state); $689.33/credit (out of state)
- Required Credits: 30 to 34 with a prior business degree, 43 without prior business degree
- Program Length: Average of two years, can be completed in one year
- Learning Format: 100% online, in-person, or hybrid format
- NCES School Graduation Rate: 67%
Master of Business Administration Admission Requirements
- GPA: 2.75 minimum
- Standardized Tests: GMAT with at least 450 total, 20 verbal, and 20 quantitative or GRE with at least 149 quantitative and 149 verbal
- Application Fee: $60 per program
- Minimum Education: Bachelor’s degree
- Other Requirements: Resume or CV, and two letters of recommendation
Applying to Ball State University
- Attend an information session and contact a graduate admissions advisor.
- Review the application requirements and collect required documents.
- Complete the online application.
- Submit transcripts and GMAT or GRE scores.
Drexel University | Philadelphia, PA
Drexel University is a private school that was founded in 1891. It began offering online programs almost two decades ago and today provides over 150 online degree and certificate programs. Drexel offers a free online “test drive” where you can attend a four-day online class with Drexel before applying, to help you decide whether an online program is a good fit for you.
Master of Business Administration
This online MBA program has 49 credit hours and a required capstone project. You can do a concentration in business analytics, finance, general business, or marketing. You also have the option of getting a full dual degree, which is not a double major, with any other online business degree offered at Drexel.
Master of Business Administration Overview
- Accreditation: Middle States Commission on Higher Education
- Tuition: $1,306/credit
- Required Credits: 49 credits
- Program Length: 18 months to five years
- Learning Format: 100% online
- NCES School Graduation Rate: 71%
Master of Business Administration Admission Requirements
- GPA: 3.0 minimum (preferred)
- Standardized Tests: GMAT with at least 570 or GRE with at least 153 in both verbal and quantitative reasoning
- Application Fee: $65 (waived if you attend a virtual open house or information session)
- Minimum Education: Bachelor’s degree
- Other Requirements: One professional letter of recommendation, resume, and personal statement essay
Applying to Drexel University
- Submit your application online.
- Submit transcripts and standardized test scores.
- Apply for financial aid and submit the FAFSA.
Oklahoma State University | Stillwater, OK
Oklahoma State University (OSU) was founded in 1890, and today it has more than 24,000 students enrolled across five campuses. OSU is a public school that offers undergraduate and graduate degrees, all the way up to doctoral degrees, and has a strong focus on research.
Master of Business Administration
This 36-credit online Master’s Degree in Business Administration includes required courses in marketing management, corporate and business strategy, and managerial economics. There is a wide range of electives to customize your studies, from social entrepreneurship to sports management. Full-time, in-person students are required to take an additional three credits for a total of 36 credits.
Master of Business Administration Overview
- Accreditation: Higher Learning Commission
- Tuition: $481.15/credit hour (in state); $611.35/credit hour (out of state)
- Required Credits: 33 credits
- Program Length: 12 months or longer
- Learning Format: 100% online or in-person
- NCES School Graduation Rate: 64%
Master of Business Administration Admission Requirements
- GPA: 3.00 minimum
- Standardized Tests: GMAT or GRE
- Application Fee: $40
- Minimum Education: Bachelor’s degree
- Other Requirements: Three professional letters of recommendation, resume, and a statement of purpose
Applying to Oklahoma State University
- Submit an online application.
- Submit your GMAT or GRE test scores.
- Submit all of your undergraduate and graduate transcripts, if applicable.
Penn State World Campus | University Park, PA
The Pennsylvania State University was founded in 1855 and launched the Penn State World Campus in 1998. It offers more than 175 online degrees and certificates, and US News & World Report ranks Penn State World Campus in the top 10 for 20 different online degrees, including business programs offered through Smeal College of Business.
Master of Business Administration
This online business administration master’s degree is worth 48 credits and all classes meet asynchronously so you can learn on your own schedule. Courses cover subjects like leadership communications and change management, marketing in a global environment, and managing in the digital economy. There are 24 concentrations available, from Accounting Foundations to Cybersecurity Intelligence Leadership.
Master of Business Administration Overview
- Accreditation: Middle States Commission on Higher Education
- Tuition: $1,236/credit
- Required Credits: 48 credits
- Program Length: 6 semesters at 8 credits per semester
- Learning Format: 100% online
- NCES School Graduation Rate: 73% (entire Penn State System)
Master of Business Administration Admission Requirements
- GPA: No minimum required
- Standardized Tests: GPA or GMAT
- Application Fee: $65
- Minimum Education: Bachelor’s degree
- Other Requirements: Two references, resume, six short-answer essay questions, and online interview
Applying to Penn State World Campus
- Complete and submit the online application, make sure you select “World Campus.”
- Submit transcripts from all education attended.
- Submit all other documentation.
- Pay the application fee.
Southern New Hampshire University | Manchester, NH
Southern New Hampshire University (SNHU) is a private school that has been educating students since 1932 and has around 22,000 graduate students enrolled in its over 100 career-focused master’s degrees. In 2021, US News & World Report ranked SNHU the most innovative school in the Northern US.
Master of Business Administration
SNHU’s online Master’s Degree in Business Administration will teach you how to analyze and interpret data for decision making, develop adaptable business strategies, and evaluate and implement new processes in line with cultural, ethical, and legal standards and best practices. In this program, you can specialize in one of 17 different concentrations.
Master of Business Administration Overview
- Accreditation: New England Commission of Higher Education
- Tuition: $627/credit hour
- Required Credits: 30 credits with a prior business degree, 36 credits without a prior business degree
- Program Length: 1 year for full-time students
- Learning Format: 100% online
- NCES School Graduation Rate: 37%
Master of Business Administration Admission Requirements
- GPA: 2.75 minimum
- Standardized Tests: Not required
- Application Fee: No application fee for US graduate students
- Minimum Education: Bachelor’s degree
- Other Requirements: Resume
Applying to Southern New Hampshire University
- Complete and submit the online application.
- Submit transcripts from any schools attended.
- Complete and submit the Graduate Attestation Form, with undergraduate GPA and conferral date.
- Submit the Free Application for Federal Student Aid (FAFSA).
University of Arizona | Tucson, AZ
The University of Arizona traces its roots back to 1913 and today has programs for students across 20 colleges. The Eller College of Management at the University of Arizona has 26 academic programs, 10 undergraduate majors, and 16 graduate programs, with 1,042 graduates enrolled for further education.
Master of Business Administration
This 45-credit program was ranked number seven of the best online MBA programs by US News & World Report. In this program, you’ll get training in statistics, communications management, and managing ethics in organizations. Electives include topics like entrepreneurship, finance, health care management, privacy and security, and marketing.
Master of Business Administration Overview
- Accreditation: Association to Advance Collegiate Schools of Business
- Tuition: $1,145/credit
- Required Credits: 45 credits
- Program Length: 14 to 28 months
- Learning Format: 100% online
- NCES School Graduation Rate: 65%
Master of Business Administration Admission Requirements
- GPA: No minimum required
- Standardized Tests: GMAT or GRE (waived for veterans with at least 3.0 GPA or applicants with at least a 3.5 GPA from a Bachelor’s Degree in Business Management or STEM major)
- Application Fee: $90
- Minimum Education: Bachelor’s degree
- Other Requirements: Resume, professional letter of recommendation, and admissions essays. An interview may be requested.
Applying to University of Arizona
- Complete an online application.
- Submit admissions essays, transcripts, and a letter of recommendation.
- Upload your updated resume.
- Pay the application fee.
University of Maryland Global Campus | Adelphi, MD
The University of Maryland (UMD) is a public school that was founded in 1865 and started offering online education in the mid-1990s. Today UMD Global Campus offers more than 90 degree and certificate programs. UMD Global Campus’s online courses were originally designed as online courses, and students have lifetime access to UMD career services.
Master of Business Administration
This online Master’s Degree in Business Administration requires online students to complete 36 credits in core courses such as financial decision making and innovation through marketing and technology.
Master of Business Administration Overview
- Accreditation: International Accreditation Council for Business Education
- Tuition: $694/credit
- Required Credits: 36 credits
- Program Length: 18 months
- Learning Format: 100% online
- NCES School Graduation Rate: 18%
Master of Business Administration Admission Requirements
- GPA: No minimum required
- Standardized Tests: Not required
- Application Fee: $50 (fee waivers available)
- Minimum Education: Bachelor’s degree
- Other Requirements: None
Applying to University of Maryland Global Campus
- Complete and submit your online application.
- Pay the application fee.
- Submit your transcripts from your previous education.
- Apply for scholarships and financial aid with the Free Application for Federal Student Aid (FAFSA).
University of Massachusetts Amherst | Amherst, MA
The University of Massachusetts Amherst is a public university that was founded in 1863 and has 32,045 students. UMass Amherst offers an online MBA program through the Isenberg College of Management and is ranked as the 12th best online MBA program according to US News & World Report.
Master of Business Administration
This 39-credit online MBA program will cover subjects like the foundations of finance, economic analysis for managers, statistics for business, and human resource management. Elective options include Negotiation Theory and Practice, Data Management for Business Leaders, and Corporate Real Estate. Students may add a focus area, which requires six additional credits.
Master of Business Administration Overview
- Accreditation: Association to Advance Collegiate Schools of Business
- Tuition: $925/credit
- Required Credits: 39 credits for a General MBA, 45 for an MBA with focus area
- Program Length: 2 years
- Learning Format: 100% online
- NCES School Graduation Rate: 83%
Master of Business Administration Admission Requirements
- GPA: No minimum required
- Standardized Tests: GMAT or GRE (waivers available)
- Application Fee: $85
- Minimum Education: Bachelor’s degree
- Other Requirements: Three years of professional work experience, two letters of recommendation, resume, and personal statement
Applying to University of Massachusetts Amherst
- Complete an online application through SPIRE.
- Submit transcripts, resume, personal statement, and two letters of recommendation.
- Submit official test scores.
University of Wisconsin-Eau Claire | Eau Claire, WI
The University of Wisconsin-Eau Clair was established in 1916 and added its School of Business in 1966. The University of Wisconsin-Eau Claire currently has 10,060 undergraduate students and 500 graduate students enrolled. Almost 98 percent of graduates are employed, and 93 percent of recent graduates are employed in a job related to their career goals.
Master of Business Administration
This 36-credit online MBA program teaches students business essentials such as financial analysis and economic and statistical analysis. In these rigorous courses, students will also learn about practical issues like stewarding a diverse and dynamic workforce and developing new products and services. You can select electives like Quantitative Business Analysis and Employee Training and Development.
Master of Business Administration Overview
- Accreditation: Association to Advance Collegiate Schools of Business
- Tuition: $825/credit
- Required Credits: 36 credits
- Program Length: 2.5 years
- Learning Format: 100% online
- NCES School Graduation Rate: 65%
Master of Business Administration Admission Requirements
- GPA: 2.75 minimum
- Standardized Tests: GMAT with a score of at least 475 or GRE with a comparable score
- Application Fee: $56
- Minimum Education: Bachelor’s degree
- Other Requirements: Resume, three letters of recommendation, and a personal statement
Applying to University of Wisconsin
- Submit an online application.
- Pay the application fee and submit your personal statement.
- Submit your transcripts.
- Submit your resume and three letters of recommendation.
- Submit your official test scores.
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What Is an Online Business Administration Master’s Degree?
An online business administration master’s degree is a highly favored academic credential among employers that qualifies you for management positions in all industries. A Master’s Degree in Business Administration with a specialization means you have taken additional courses in a specific field, such as business analytics, marketing, or human resources.
Online business administration master’s degrees usually take around two years to complete and are just as rigorous as an on-campus degree. You take the same courses as an in-person MBA. The only difference is that classes, tutoring, networking, and submission of work take place online.
Online vs In-Person Business Administration Degrees
Deciding if an online MBA is right for you vs a traditional, in-person MBA can be challenging. Both options have their advantages, but, whatever format you choose, this graduate degree will help you access management jobs that have better salaries.
An MBA online program comes with online classes, online resources, and communication and submission of work are all online. Most offer flexible schedules, and some provide recorded classes that you can access anytime. An on-campus version requires you to physically participate in on-campus, scheduled classes and activities. You can attend part-time or full-time.
Top 5 Benefits of an Online Master’s Degree in Business Administration
- Cost. Online tuition can be less expensive than in-person tuition, and distance learners do not need to commute to and from the school.
- Flexible location. You can pursue the program you want, even if it’s far away from your home.
- Global perspective. Online classes allow you to learn from and network with faculty and students all over the world.
- Flexible schedule. Taking an online MBA Program will allow you more control over your academic schedule. Many schools have pre-recorded classes you can access online anytime.
- Maintain your career. Doing an online MBA makes it easy to study while staying at your current job or attending to family responsibilities.
Top 5 Benefits of an In-Person Master’s Degree in Business Administration
- Structured routine. Classes are scheduled and have a routine, so you know what to expect in advance. This means you plan your life around classes.
- Immediate responses. Attending an on-campus program means you are there with professors while they are lecturing. You can get immediate responses to your questions or feedback on your work.
- Fewer distractions. Many people find it less distracting to learn in a classroom than learning online at home.
- Hands-on learning. On-campus programs give students hands-on learning opportunities to help students engage with the material in different ways.
- Networking. In-person MBA degree programs allow you to network with local faculty, students, and businesses.
What Types of Online Master’s Degrees Can You Get in Business Administration?
The most common type of online Master’s Degree you can get in Business Administration is a general Master of Business Administration (MBA). It is very rare to find Master of Science or Master of Arts degrees in Business Management. However, you can earn different MBA specializations like a finance specialization, marketing specialization, human resources specialization, or risk management specialization.
Is It Better to Get a Master of Business Administration with a General Management Specialization or a Master of Business Administration with an International Management Specialization?
It is better to get an MBA with a General Management specialization because it is very popular among employers. Graduates will have a wide range of management skills and knowledge that can be applied to businesses in any industry, from human resource management to project and operations management.
An MBA with an International Management specialization is excellent for students who want to work abroad or in a multinational company. Students learn about business administration in an international context, and it prepares students to do business all over the world.
Both General Management and International Management MBA specializations are popular in the job market, but you will have to decide which is better for you based on your career goals.
How Much Does a Business Administration Master’s Degree Cost?
According to the National Center for Education Statistics (NCES), a two-year business administration master’s degree costs an average of $19,314 per year. This includes tuition and required fees but does not include living expenses.
How Long Does It Take to Get a Business Administration Master’s Degree Online?
It takes about two years to get a business administration master’s degree online for full-time students. A part-time format could take three to four years. Some schools allow you to take an acceleraged program, which is enough credits per semester to graduate in just one year, but this is a very intensive schedule. If you are interested in getting your degree quickly, you should consider an accelerated MBA.
Most business administration master’s degrees require between 30 and 49 credits. However, credits vary by program and specialization. If you plan to finish within two years, you will be required to complete 6 to 9 credits per semester.
Are Online Business Administration Degrees Respected?
Yes, online business administration degrees are respected and common. NCES data shows that in 2019, more than seven million students registered for online courses at colleges and universities. You should make sure that you enroll in an accredited online MBA program. A degree from an unaccredited institution will likely not be respected by employers.
You can find accredited online business administration master’s degree programs and top respected schools for online master’s degrees in our article.
Is Business Administration Hard to Learn Online?
No, business administration is not hard to learn online if you’re interested in business and can spend the time and effort needed to achieve learn the material and get good grades. Most programs offer online resources to support students and help those who are struggling.
Business Administration Bootcamp vs Online Business Administration Master’s Degree: Which Is Better?
An online business administration master’s degree is a more advanced qualification than a business administration bootcamp certification, though a business administration bootcamp certification can still help you qualify for jobs with some of the top global companies. Both types of programs have advantages and potential career paths in business administration.
Top 5 Benefits of an Online Business Administration Master’s Degree
- Advanced courses. Learning advanced skills through an MBA program will increase your employability.
- Networking. You will learn about current practices and tools from people with professional expertise. You might also meet business people through guest lectures and virtual events to build your professional network.
- Learn about multiple fields and industries. You’ll learn about different aspects of business and enhance your leadership skills, critical thinking, analytical skills, communication, and managerial skills.
- High-paying salaries. A master’s degree will unlock some of the highest-paying professional careers. In fact, Statista reports that the average master’s degree salary is $20,000 more than the average bachelor’s degree salary.
- Avoid unemployment. The Bureau of Labor Statistics shows that having a higher-level degree lowers your chances of unemployment.
Top 5 Benefits of a Business Administration Bootcamp
- Takes less time. Online bootcamps are perfect for busy individuals because they take much less time to complete than a traditional MBA.
- Affordable. Bootcamps are more cost-effective since they don’t have the same fees that colleges and universities do.
- Flexible payment and scholarships. Bootcamps provide flexible payment options with income-share agreements, where students get a loan and agree to pay a percentage of their income back after graduation if they make more than a set amount.
- Project-based learning. Bootcamps typically teach students through projects and problem sets rather than traditional lectures and papers.
- Good value on the job market. Bootcamp graduates are highly favored amongst some of the top global companies that have already hired bootcamp graduates. Top global companies hiring bootcamp graduates are companies like Google, Microsoft, Amazon, Facebook, and JPMorgan Chase & Co.
Why You Should Get a Business Administration Master’s Degree Online
You should get a business administration master’s degree online because you can get the two most valuable benefits of a master’s degree, which are high-paying salaries and avoiding unemployment. An MBA graduate’s salary is significantly higher, the average MBA graduate earns almost double that of an associate degree graduate.
You should go back to college and take business administration courses online because earning a Master’s Degree in Business Administration from a reputable school can help graduates start careers in competitive arenas like Silicon Valley tech companies and Wall Street banks. The management skills you learn through an online MBA can be applied to any industry. If you attend school online, there is also the added bonus of not having to pay any on-campus student fees or buy as many supplies for courses, and therefore saving you money.
What Courses Do You Take in an Online Master’s Degree Program in Business Administration?
The courses you’ll take in an online master’s degree program in business administration are Organizational Management, Statistics or Data Analysis, Strategy Development, Marketing, and Financial Management. Online Master’s Degree in Business Administration courses vary by program, but these are some common core courses you should look for in your curriculum. Below are some sample core courses you are likely to find in your online graduate business program.
Organizational Management
Organizational management trains students on key issues such as leadership, communication, and change management. This field of study will help students learn key managerial skills that they will need to perform the best business practices for any MBA job.
Statistics or Data Analysis
Data analysis and statistical analysis are essential skills for making good business decisions. These courses teach students the basics of business analytics through statistical concepts. This course can be challenging for students who did not cover statistics during their undergraduate degree.
Strategy Development
Developing strategies for various aspects of business activity is a vital part of any business administration job. You learn to apply your statistical analysis skills to quantify and extrapolate valuable insights from data to develop sound strategies that propel the business forward.
Marketing
Marketing courses teach students about major issues like market research, opportunity analysis, target market identification, customer trends, planning and implementation, and ethical considerations. Learning the practice of enacting a business-level marketing strategy is a key concept in any business program.
Financial Management
Financial management courses will train students to apply different techniques that will help business executives make sound financial decisions. Business finances are one of the most important managerial issues you’ll face in this field. Financial management courses also give students the opportunity to see if jobs in financial management are of interest to them.
Continuing Education Paths for Online Business Administration Master’s Degree Graduates
There is typically only one continuing education path for online business administration master’s degree graduates, and that’s getting a doctorate or PhD. If you do decide to pursue further education, you can get a Doctorate or PhD in Business Administration. Acquiring either one will unlock even more senior roles and salaries in business administration.
If you don’t want to commit to any doctoral programs, you could also take certification exams to boost your credentials. Remember, a certification is different from a certificate. A certification is usually an exam offered by a professional organization or business enterprise, while a certificate is a short educational course offered by a college or university.
Related Online Business Administration Degrees
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What to Look For in the Best Business Administration Master’s Degree Programs
Things to look for in the best business administration master’s degree programs are accreditation, cost, concentrations, dual degrees, and admission requirements. After the initial admission decision, these are the most important things to concern yourself with. In the next section, we’ll explain why these major issues are important.
Accreditation
The institution where you get your online MBA should be accredited. Acquiring a degree from an unaccredited institution will hold little to no value for you since potential employers won’t consider unaccredited degrees as valid qualifications.
Cost
Knowing the expected cost of your MBA education is essential because you need to be able to pay for your education and cover other expenses. Make sure to contact the admissions office about financial aid options like federal grants and school scholarships.
Concentrations
Selecting a concentration that fits your career goals is important. Pick the right concentration so you study topics that prepare you for a career in your chosen field and to pursue your specific career goals. School admissions advisors can help you customize your course specializations for the technical skills you need.
Dual Degree
Some schools also offer dual degree options that allow you to complete a second master’s degree while you are getting your MBA. Common dual degrees with an MBA are closely related and have lots of course overlap. A dual degree is very impressive to potential employers.
Admission Requirements
Check the admission requirements carefully to ensure you meet all the admission criteria before taking the time to fill out an application and paying the application fee. Some schools specifically request that students have exceptional work experience and expertise in managerial concepts already, so be sure to write yours in any essays that need to be submitted. If you don’t meet one or two of the admission requirements, reach out to the program’s admissions counselor to see if you meet the conditions to waive those requirements.
What Is the Most Affordable Online Business Administration Master’s Degree?
The most affordable online business administration master’s degree is the Master of Business Administration at Oklahoma State University. This 33-credit program costs $481.15 per credit hour for in-state students and $611.35 per credit hour for out-of-state students, amounting to $15,878 and $20,175 respectively.
Can I Get a Business Administration Master’s Degree Online for Free?
No, you cannot get a business administration master’s degree online for free. However, there are financial aid options for MBA programs to help cover the cost. Federal grants, school scholarships, and outside organization grants have different eligibility requirements and criteria, so talk with your admissions office to find the best options to suit your needs.
Salary and Job Outlook for Online Business Administration Master’s Degree Graduates
An online Master’s Degree in Business Administration can give you access to high-paying jobs in the business industry. Once you have completed your online graduate business program, you will be able to secure employment in your business field of choice.
How Hard Is It to Get a Job With a Business Administration Master’s Degree?
It is not very hard to get a job with a business administration master’s degree. An online MBA program prepares students to be job-ready upon graduating, and many business programs also provide valuable career services to help graduates land a job in their field of study. If you take the time to take some online MBA courses and get a degree, you can definitely find a job in business administration.
What’s the Average Online Business Administration Master’s Degree Salary?
According to PayScale, the average annual salary for someone with a business administration master’s degree is $92,000. MBA salaries will vary depending on the job role and company you secure employment with. Other potential career paths include project manager with an entry-level salary of $58,320 or chief financial officer with an entry-level salary of $93,202.
What Jobs Can You Get With an Online Business Administration Master’s Degree?
The jobs you can get with an online business administration master’s degree include marketing manager, financial manager, or management consultant. You could also become a product manager with your online MBA.
Business Administration Degree Jobs
- Business Consultant
- Information Technology Manager
- Human Resources (HR) Manager
- Financial Advisor
- Operations Manager
Potential Careers With an Online Business Administration Degree
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How Much Money Can You Make With an Online Business Administration Master’s Degree?
You can make between $108,018 and $133,380 per year with an online business administration master’s degree. Entry-level job salaries usually start lower. For instance, you could pull an annual salary of $67,187 as an entry-level business development director. More senior roles have higher median salaries, as much as $208,000 per year as a marketing manager.
Salaries will vary depending on professional experience, level of education, performance, job role, company, and personal reputation. Below we’ll cover some common high-paying jobs for online MBA graduates in more detail.
Highest-Paying Online Business Administration Master’s Degree Jobs and Salaries: Overview
| Business Administration Master’s Degree Jobs | Average Salary |
|---|---|
| Marketing Manager | $133,380 |
| Financial Manager | $131,710 |
| Senior Product Manager | $128,061 |
| Sales Manager | $127,490 |
| Business Development Director | $108,445 |
Best Jobs for Online Business Administration Master’s Degree Grads
The best online business administration master’s degree jobs provide a competitive salary and opportunity for advancement. Let’s explore the best business administration master’s degree jobs below with details on wages, job outlook, number of jobs, and states where pay is the highest.
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Marketing Manager | Average Salary: $133,380
Marketing managers build awareness of brands, products, and services. They work to convince consumers to buy products through marketing campaigns. Most companies have products or services they need consumers to purchase, making marketing managers an essential part of any business.
- Average Salary: $133,380
- Job Outlook: 10% job growth from 2020 to 2030
- Number of Jobs: 316,800
- Highest-Paying States: New York, New Jersey, California, Delaware, Virginia
Financial Manager | Average Salary: $131,710
Financial managers manage an organization’s finances by analyzing data and offering advice to increase profit margins. They develop and provide financial reports, conduct investment activities, handle legal issues, and develop long-term strategic plans for the business’s financial prosperity.
- Average Salary: $131,710
- Job Outlook: 17% job growth from 2020 to 2030
- Number of Jobs: 681,700
- Highest-Paying States: New York, Delaware, New Jersey, Colorado, Washington DC
Senior Product Manager | Average Salary: $128,061
Senior product managers manage the complete lifecycle of a product, from conceptualization to production. This includes anticipating the consumer and market needs to ensure production efficiency and maximized sales.
- Average Salary: $128,061
- Job Outlook: 10% job growth from 2020 to 2030
- Number of Jobs: 316,800
- Highest-Paying States: New Jersey, New York, Colorado, California, Washington
Sales Manager | Average Salary: $127,490
Sales managers guide sales and oversee sales representatives daily. They work to achieve or exceed the defined sales goals of a company by implementing the organization’s sales programs and sales activities.
- Average Salary: $127,490
- Job Outlook: 7% job growth from 2020 to 2030
- Number of Jobs: 397,900
- Highest-Paying States: New York, Delaware, New Jersey, Colorado, Virginia
Business Development Director | Average Salary: $108,080
Business development directors work to improve a company’s overall efficiency and development. They use business analysis to assess new strategies and report directly to the owner, board of directors, or company shareholders.
- Average Salary: $108,080
- Job Outlook: 10% job growth from 2020 to 2030
- Number of Jobs: 316,800
- Highest-Paying States: New Jersey, New York, Colorado, California, Washington
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Best Jobs According to Your Major
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Is an Online Business Administration Master’s Degree Worth It?
Yes, an online business administration master’s degree is absolutely worth it. Online programs in business administration can qualify you for high-paying potential career paths and help you avoid unemployment, and an online degree program is usually more affordable than an in-person degree.
In addition to a respected degree, value-added services from business schools are extremely helpful when you enter the job market. Career support services provide resume reviews, interview coaching, and help you network and make connections.
Additional Reading About Business Administration
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Online Business Administration Master’s Degree FAQ
The technical requirements of an online MBA program are usually a computer with a stable Internet connection, a webcam, and a microphone. Different business programs have different requirements for online learners, so be sure to check with your school.
Yes, you can get jobs in business administration without an MBA because you can get entry-level jobs with an Associate Degree or Bachelor’s Degree in Business Administration. Some people have landed MBA-level positions through on-the-job experience and short-term online studies or certificate programs. However, the most efficient way to get an MBA-level position is to earn an MBA.
Yes, you can work remotely in business administration with an MBA degree. There are many remote business administration jobs available now. To find remote jobs, use these best remote job boards. When you land an interview for a remote job, check with the hiring manager to see if the company wants this position to stay remote or if they are looking for a candidate who is willing to transition to working in the office at some point.
You can find MBA jobs on well-known job boards like Indeed, Glassdoor, ZipRecruiter, and LinkedIn. Networking with professors and students in your business program is another great way to find MBA job opportunities.
The post Best Online Business Administration Master’s Degree Programs, Jobs, and Salaries appeared first on Career Karma.
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Simone Du Toit
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