Online MBA programs have become increasingly popular in recent years as they offer the flexibility and convenience of earning a graduate business degree from the comfort of one’s own home. With the rise of technology and the demand for more accessible education options, the number of online MBA programs has skyrocketed.
Today, we’ll look at the best online MBA degrees for 2023. Read ahead to learn more about these incredible online degrees, a bit about what makes them so great, and how much you can expect to pay for them.
Things to Consider Before Enrolling
Pursuing an online MBA is a time consuming and costly venture. You want to be absolutely sure that you’re picking the right institution and the right program for you, your budget, and your future.
Important things to consider when searching for an online MBA include:
Accreditation
Make sure that the program is accredited by a reputable accrediting body, such as AACSB, EQUIS, or ACBSP.
Faculty
Look for programs with experienced, well-qualified faculty members who have both academic and practical experience in their fields.
Cost
Compare the cost of different programs and consider factors such as tuition fees, additional fees, and financial aid opportunities.
There’s even more you must consider before enrolling, including the flexibility of the program, the curriculum, and the reputation of the school. Which is why we’ve rounded up the top online MBA degrees for 2023 below!
Carnegie Mellon University – Tepper School of Business
Earn the exact same degree as in-person graduate’s with the online MBA from Carnegie Mellon University’s Tepper School of Business. The acclaimed online-program uses a combination of online coursework, case studies, and team projects, in addition to a number of on-campus immersion experiences.
It’s a two year program with a curriculum that covers a lot of ground. Learn how to manage people and teams, explore probability and statistics, study optimization, expand your understanding of finance and more. The program costs $18,200 per semester, and can be completed in as few as six semesters.
Rice University – Jesse H. Jones Graduate School of Business
MBA@RICE is one of the top-ranked online MBA programs in the country. That’s no accident either. The curriculum is designed to provide students with a well-rounded and comprehensive education in business through a mix of online coursework, case studies, team projects, and live, interactive sessions.
It can be completed in as little as 24-months, though there are options to lighten the course load across 36-months. Applicants must provide a current resume, academic records from all previously attended colleges or universities, and submit a written essay. Students must complete 54 credits to graduate, which amounts to a total tuition cost of $113,400.
University of Southern California – Marshall School of Business
Enjoy the flexibility of earning your MBA online without sacrificing your education or your career prospects. The University of Southern California Marshall School of Business’s online MBA program provides students with a flexible, highly-ranked MBA education through online coursework that’s created and taught by USC Marshall faculty.
The industry-tested curriculum covers topics such as finance, marketing, and management across and can be completed in just 21 months. The online MBA has an acceptance rate of around 57% and costs a total of $109,428.
Capella University
Earning the credentials to make your resume stand out isn’t easy, but Capella University is committed to making it easier. No GMAT or GRE required! Just an internet connection and a desire to learn.
Learn how you want, with the option to choose between structured curriculums and self-paced learning. With Capella University, you can earn a Master of Business Administration in as little as 12 months and for under $12,o00.
University of North Carolina at Chapel Hill – Kenan-Flagler Business School
The University of North Carolina at Chapel Hill’s Kenan-Flagler Business School offers an online MBA program designed for working professionals who seek to further their careers while balancing work and personal life. The program emphasizes leadership development, teamwork, and critical thinking skills and features the same rigorous curriculum as the on-campus program.
The online MBA program can be completed in as little as 18-months and students have the flexibility to attend live online classes from anywhere in the world. The program’s cost for the upcoming academic year is $125,589, making it one of the more expensive options available.
Indiana University – Bloomington Kelley School of Business
The Princeton Review awarded Indiana University’s online MBA program with the top spot for 2023 for a variety of reasons. The program has been lauded by current students and graduates for the quality of online instructors and the practicality and depth of the curriculum.
It’s one of the more affordable options available to online students too. Accepted applicants can expect to pay approximately $82,158 in total tuition and fees, and expect to earn an impressive $144,246 starting salary on graduation.
WGU – Western Governors University
A fully accredited online college, WGU offers affordable, fully-online MBA’s designed with the busy professional in mind. Students have three MBA programs to choose from, all of which can be finished in under 12-months.
Tuition is charged per term, not per class. Which saves students money. Advance your career at a fraction of the cost with a 12-month online MBA program at WGU for a little over $9k.
Median Salary for New MBA Hires
An MBA can open doors to lucrative career opportunities, and the numbers speak for themselves. As of 2023, the median salary for new hires with an MBA degree is around $115,000. When compared to other advanced degrees, MBAs continue to provide a strong return on investment.
This being said, it’s important to keep in mind that these are median values and individual salaries can vary greatly depending on the industry, the geographical location, the size and prestige of the company, and the graduate’s prior work experience.
Top Accelerated MBA Programs
As the demand for more flexible education options rises, several business schools now offer accelerated MBA programs that can be completed in under a year.
- University of Pittsburgh – Katz Graduate School of Business: The Katz One-Year MBA program is an accelerated, cohort-based program that begins in May each year and finishes the following April. It offers a comprehensive curriculum, high-quality instruction, and real-world consulting projects.
- Northwestern University – Kellogg School of Management: Kellogg offers a One-Year MBA Program that begins in June and concludes the following June. It’s designed for students who already have a business-related degree or substantial business experience.
- Cornell University – Johnson Graduate School of Management: The Cornell Tech MBA is a one-year program specifically designed for those who want to operate in the tech industry. It offers a unique and specialized MBA experience focused on technology, business, innovation, and entrepreneurship.
As always, prospective students should carefully evaluate their personal circumstances and career goals before choosing a program.
Upgrade Your Credentials From Home
Earning an online MBA degree can provide a wealth of opportunities for professionals seeking to advance their careers and increase their earning potential. The top online MBA programs for 2023 offer a comprehensive education that prepares students for success in a variety of industries.
Whether you’re looking to switch careers, move up the corporate ladder, or start your own business, an online MBA degree can help you achieve your goals. Consider the programs highlighted in this article and research each one thoroughly to determine which one is the best fit for you. With hard work and dedication, you can earn an online MBA degree that can take your career to the next level.
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