How Much Does Online MBA Cost in 2023

How much do online MBA programs cost in 2023 and what are the cheapest MBA programs right now? these are the major information to expect in this article. Read thoroughly to the very end to get the full information.

How Much Does Online MBA Cost in 2023
How Much Does Online MBA Cost in 2023

Getting an MBA especially doesn’t have to cost a fortune. Part-time opportunity is offered by some online MBA programs for a few hundred dollars per credit.

Online MBA Cost

An online MBA degree can cost anywhere from $5,000 to $60,000 or more per year. Many of the best online MBA programs are the same price as on-campus MBA programs. This means that some online MBA programs are inexpensive while others are costly.

Are Online MBAs More Affordable

Online MBAs are less expensive because you save money on things like housing, transportation, and campus fees. Tuition for an online MBA is typically the same as tuition for an in-person MBA.

You will save money with an online MBA because you will receive the same education without having to pay for the costs of attending classes in person. These expenses may include campus housing, parking, student activity fees, and other expenses.

Online MBA students have more scheduling flexibility as well. You can earn an online MBA on your own schedule. This means you may be able to complete your online MBA while still working. This work-education balance may also make the online MBA more affordable.

Five Most Affordable Online MBA Programs

Here are some of the most affordable online MBA programs we have now in this decade;

Louisiana Tech University

Louisiana Tech, founded in 1894 as an industrially oriented academic institution, now offers a variety of bachelor’s, master’s, and doctoral degrees. According to the school’s website, it expects students and faculty to follow a set of principles known as the “Tenets of Tech,” as well as to embody certain core values such as leadership and enthusiasm.

Tuition per credit for part-time, out-of-state students: $230 – $280.

credits required to graduate: 30

Cost for Out-of-state students: $7,000 -$8000

University of Texas Permian Basin

When the Texas Legislature approved the establishment of this university in 1969, the intention was to create an upper-level university that would educate college juniors and seniors, as well as graduate students.

The university’s construction was delayed for years due to a property dispute, but it finally opened in 1973. Following that, state legislators passed legislation to establish a four-year college at this university, which enrolled its first “Pioneer Freshmen” class in 1991.

Tuition per credit for part-time, out-of-state students: $250 – $300

credits required to graduate: 30

Cost for Out-of-state students: $8000 – $8500

Fitchburg State University (MA)

In 1894, Fitchburg State was founded as the State Normal School in an old high school in Fitchburg as a two-year program for training female teachers. The first bachelor’s degrees were not granted until 1930, and the school was renamed the State Teachers College at Fitchburg in 1932.

Before becoming Fitchburg State University in 2010, the school would expand its programmatic offerings and change its name twice more.

Tuition per credit for part-time, out-of-state students: $250 – $300

credits required to graduate: 30

Cost for Out-of-state students: $8,250 – $8,750

Eastern University (PA)

Six Baptist ministers founded the Eastern Baptist Theological Seminary on March 19, 1925. In 1932, a collegiate department was established, and 20 years later, the college became independent and relocated to its current location in St. Davids, Pennsylvania.

The university now has approximately 5,700 students enrolled and offers nearly 140 academic programs.

Tuition per credit for part-time, out-of-state students: $280 – $320

credits required to graduate: 30

Cost for Out-of-state students: $8800 – $9200

Texas A&M University-Corpus Christi

This Gulf Coast school had 312 students when it opened under a different name in 1947. According to U.S. News data, undergraduate enrollment will exceed 8,000 students by 2021. The university was founded on an island and is still known as “the Island University.” The official name of the school has changed several times.

Tuition per credit for part-time, out-of-state students: $280 – $320

credits required to graduate: 30

Cost for Out-of-state students: $8800 – $9200

How to Get the Best Value from Online MBA Programs

Find a school with a good reputation and an affordable online MBA degree to get the most out of your online MBA. Top-ranked online MBA programs are available at schools such as the University of North Carolina at Chapel Hill, the University of Nebraska at Lincoln, and the University of Mississippi for $10,000 or less per year.

The top HBCU MBA Programs Online offer even better value. An online MBA from one of the top nine HBCU programs costs less than $10,000 per year. Furthermore, excellent HBCUs such as Fayetteville State University, Albany State University, and top-ranked Florida A&M offer online MBA programs for $6,000 or less per year.

Is It Possible to Save Money On An Online MBA

Looking for a public school in your state can help you save money on an online MBA. Even if you take classes online, you can get an in-state tuition discount. Begin by looking for an online MBA program offered by a public university in your state.

Looking for an accelerated degree program is another way to save money on your online MBA. An accelerated online MBA degree program allows you to complete your graduate degree more quickly. Spending less time in your program can help you save money.

You can also save money by enrolling in an online MBA program without paying for tests. The GMAT exam is required for some MBA programs. The GMAT is only about $250. However, many students will also pay for exam preparation.

Exam prep companies, such as The Princeton Review, charge nearly $2000 per class. The good news is that you might not have to take the GMAT after all. By searching for the Best Online MBA, No GMAT Required, you can save money and time.

Frequently Asked Questions

Is It Worth Getting an Online MBA?

Even if the degree is expensive, it is worthwhile to pursue an online MBA. Online MBAs can help you advance in your career. An online MBA can also help you get a better job. Graduate students benefit greatly from the online MBA program. According to the Bureau of Labor Statistics (BLS), MBA students earn $20,000-$30,000 more per year than college graduates.

Can I Do an MBA Online Free?

An accredited MBA cannot be obtained online for free. Advanced business education can be obtained online. Some MBA-level courses may even be available for free. Some free online business courses are available from top Massive Open Online Course (MOOC) providers such as Coursera and edX.

You can also enrol in free online MBA classes that top business schools offer. Free online MBA courses are available from schools such as Columbia, Berkeley, and the University of Chicago.



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