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Are you looking up to getting the most affordable online MBA programs you can enroll in the 2024/25 academy year? If yes, you’ve just got to the best place where you get the necessary information about these MBA programs.

As we all know that pursuing an MBA has become increasingly accessible, thanks to the proliferation of online programs.

However, the affordability factor remains crucial for many aspiring business leaders and professionals looking to advance their careers.

That’s why, we’ve taken it upon ourselves to sift through the myriad of options and compile a comprehensive list of the top 30 most affordable online MBA programs available.

Whether you’re a seasoned executive looking to sharpen your skills or someone that’s about entering the business world, our carefully curated list will help you navigate the plethora of choices and discover cost-effective options that don’t compromise on quality.

In this blog series, we’ll delve into each of these programs, highlighting their unique features, curriculum strengths, and the financial benefits they offer.

affordable online mba programs

Top 30 Most Affordable Online MBA Programs In 2023

Here is a list of the top 30 most affordable online MBA programs in 2023, along with an overview, benefits, eligibility criteria, and application process for each program:

1. Dakota Wesleyan University

Dakota Wesleyan University’s online MBA program is designed for working professionals who want to advance their careers without compromising their busy schedules. The program is offered in a variety of formats, including accelerated and cohort-based options.

Benefits:

Affordable tuition: $14,280
AACSB-accredited program
Flexible format options
Experienced faculty
Strong alumni network

Eligibility Criteria:

Bachelor’s degree from an accredited institution
Minimum GPA of 2.75
Two years of professional experience

How to Apply:

Submit an online application
Transcripts from all undergraduate institutions
Two letters of recommendation
GMAT or GRE score (optional)

2. William Carey University

William Carey University’s online MBA program is designed for working professionals who want to gain the skills and knowledge they need to succeed in the business world. The program offers a variety of specializations, including finance, marketing, and healthcare management.

Benefits:

Affordable tuition: $14,970
AACSB-accredited program
Flexible format options
Experienced faculty
Strong alumni network

Eligibility Criteria:

Bachelor’s degree from an accredited institution
Minimum GPA of 2.75
Two years of professional experience

How to Apply:

Submit an online application
Transcripts from all undergraduate institutions
Two letters of recommendation
GMAT or GRE score (optional)

3. Southern Arkansas University

Southern Arkansas University’s online MBA program is designed for working professionals who want to advance their careers in the business world. The program offers a variety of specializations, including finance, marketing, and management.

Benefits:

Affordable tuition: $15,354
AACSB-accredited program
Flexible format options
Experienced faculty
Strong alumni network

Eligibility Criteria:

Bachelor’s degree from an accredited institution
Minimum GPA of 2.75
Two years of professional experience

How to Apply:

Submit an online application
Transcripts from all undergraduate institutions
Two letters of recommendation
GMAT or GRE score (optional)

4. West Liberty University

West Liberty University’s online MBA program is designed for working professionals who want to gain the skills and knowledge they need to succeed in the business world. The program offers a variety of specializations, including finance, marketing, and management.

Benefits:

Affordable tuition: $15,792
AACSB-accredited program
Flexible format options
Experienced faculty
Strong alumni network

Eligibility Criteria:

Bachelor’s degree from an accredited institution
Minimum GPA of 2.75
Two years of professional experience

How to Apply:

Submit an online application
Transcripts from all undergraduate institutions
Two letters of recommendation
GMAT or GRE score (optional)

5. University of North Alabama

The University of North Alabama’s online MBA program is designed for working professionals who want to advance their careers in the business world. The program offers a variety of specializations, including finance, marketing, and management.

Benefits:

Affordable tuition: $15,990
AACSB-accredited program
Flexible format options
Experienced faculty
Strong alumni network

Eligibility Criteria:

Bachelor’s degree from an accredited institution
Minimum GPA of 2.75
Two years of professional experience

How to Apply:

Submit an online application
Transcripts from all undergraduate institutions
Two letters of recommendation
GMAT or GRE score (optional)

6. Mississippi State University

Mississippi State University’s online MBA program is designed for working professionals who want to gain the skills and knowledge they need to succeed in the business world. The program offers a variety of specializations, including finance, marketing, and management.

Benefits:

Affordable tuition: $16,000
AACSB-accredited program
Flexible format options
Experienced faculty
Strong alumni network

Eligibility Criteria:

Bachelor’s degree from an accredited institution
Minimum GPA of 2.75
Two years of professional experience

How to Apply:

Submit an online application
Transcripts from all undergraduate institutions
Two letters of recommendation
GMAT or GRE score (optional)

Explore More:

7. University of Wisconsin-Eau Claire

The University of Wisconsin-Eau Claire’s online MBA program is designed to prepare students for leadership roles in today’s dynamic business environment. The program is offered entirely online and can be completed in as little as 24 months.

Benefits:

Affordable tuition: $16,290
AACSB-accredited program
Experienced faculty
Strong alumni network

Eligibility Criteria:

Bachelor’s degree from an accredited institution
Minimum GPA of 3.0
Two years of professional experience

How to Apply:

Visit the University of Wisconsin-Eau Claire website
Create an account
Complete the online application form
Submit your transcripts
Submit two letters of recommendation

8. University of Findlay

The University of Findlay’s online MBA program is designed to help students advance their careers in business. The program is offered entirely online and can be completed in as little as 24 months.

Benefits:

Affordable tuition: $16,430
AACSB-accredited program
Flexible format
Experienced faculty

Eligibility Criteria:

Bachelor’s degree from an accredited institution
Minimum GPA of 3.0

How to Apply:

Visit the University of Findlay website
Create an account
Complete the online application form
Submit your transcripts.
Submit one letter of recommendation.

9. Bellevue University

Bellevue University’s online MBA program is designed to provide students with the skills and knowledge they need to succeed in today’s competitive business world. The program is offered entirely online and can be completed in as little as 24 months.

Benefits:

Affordable tuition: $16,440
AACSB-accredited program
Flexible format
Experienced faculty

Eligibility Criteria:

Bachelor’s degree from an accredited institution
Minimum GPA of 3.0

How to Apply:

Visit the Bellevue University website
Create an account.
Complete the online application form.
Submit your transcripts.

10. Texas A&M University-Commerce

Texas A&M University-Commerce’s online MBA program is designed to prepare students for leadership roles in the global business community. The program is offered entirely online and can be completed in as little as 24 months.

Benefits:

Affordable tuition: $16,440
AACSB-accredited program
Flexible format
Experienced faculty

Eligibility Criteria:

Bachelor’s degree from an accredited institution
Minimum GPA of 3.0

How to Apply:

Visit the Texas A&M University-Commerce website
Create an account.
Complete the online application form.
Submit your transcripts.

11. University of Texas of the Permian Basin

The University of Texas of the Permian Basin’s online MBA program is designed to provide students with the skills and knowledge they need to succeed in today’s competitive business world. The program is offered entirely online and can be completed in as little as 24 months.

Benefits:

Affordable tuition: $16,440
AACSB-accredited program
Flexible format
Experienced faculty

Eligibility Criteria:

Bachelor’s degree from an accredited institution
Minimum GPA of 3.0

How to Apply:

Visit the University of Texas of the Permian Basin website
Create an account
Complete the online application form
Submit your transcripts

12. Purdue University Global

Purdue University Global’s online MBA program is designed for working professionals who want to advance their careers in business. The program is offered entirely online and can be completed in as little as 24 months.

Benefits:

Affordable tuition: $17,280
Flexible format
Experienced faculty
Strong alumni network

Eligibility Criteria:

Bachelor’s degree from an accredited institution
Minimum GPA of 3.0

How to Apply:

Visit the Purdue University Global website!
Create an account.
Complete the online application form.
Submit your transcripts.
Submit two letters of recommendation.

13. University of Minnesota Duluth

The University of Minnesota Duluth’s online MBA program is designed to provide students with the skills and knowledge they need to succeed in today’s competitive business world. The program is offered entirely online and can be completed in as little as 24 months.

Benefits:

Affordable tuition: $17,370
Flexible format
Experienced faculty
Strong alumni network

Eligibility Criteria:

Bachelor’s degree from an accredited institution
Minimum GPA of 3.0

How to Apply:

Visit the University of Minnesota Duluth website
Create an account
Complete the online application form
Submit your transcripts
Submit two letters of recommendation.

14. University of North Dakota

The University of North Dakota’s online MBA program is designed to equip students with the skills and knowledge they need to succeed in today’s dynamic business environment. The program is offered entirely online and can be completed in as little as 24 months.

Benefits:

Affordable tuition: $17,400
Flexible format
Experienced faculty
Strong alumni network

Eligibility Criteria:

Bachelor’s degree from an accredited institution
Minimum GPA of 3.0

How to Apply:

Visit the University of North Dakota website
Create an account
Complete the online application form
Submit your transcripts
Submit two letters of recommendation.

15. University of Central Arkansas

The University of Central Arkansas’s online MBA program is designed to provide students with the tools and resources they need to succeed in the ever-changing business world. The program is offered entirely online and can be completed in as little as 24 months.

Benefits:

Affordable tuition: $17,430
Flexible format
Experienced faculty
Strong alumni network

Eligibility Criteria:

Bachelor’s degree from an accredited institution
Minimum GPA of 3.0

How to Apply:

Visit the University of Central Arkansas website
Create an account
Complete the online application form
Submit your transcripts
Submit two letters of recommendation.

16. University of Missouri-Kansas City:

The University of Missouri-Kansas City’s online MBA program is designed to provide students with the knowledge and skills they need to advance their careers in business. The program is offered entirely online and can be completed in as little as 24 months.

Benefits:

Affordable tuition: $17,460
Flexible format
Experienced faculty
Strong alumni network

Eligibility Criteria:

Bachelor’s degree from an accredited institution
Minimum GPA of 3.0

How to Apply:

Visit the University of Missouri-Kansas City website
Create an account.
Complete the online application form.
Submit your transcripts.
Submit two letters of recommendation.

17. University of Wisconsin-Stout:

The University of Wisconsin-Stout’s online MBA program is designed to equip students with the skills and knowledge they need to succeed in today’s dynamic business environment. The program is offered entirely online and can be completed in as little as 24 months.

Benefits:

Affordable tuition: $17,520
Flexible format
Experienced faculty
Strong alumni network

Eligibility Criteria:

Bachelor’s degree from an accredited institution
Minimum GPA of 3.0

How to Apply:

Visit the University of Wisconsin-Stout website
Create an account.
Complete the online application form.
Submit your transcripts.
Submit two letters of recommendation.

18. The University of Alabama in Huntsville:

The University of Alabama in Huntsville’s online MBA program is designed to provide students with the tools and resources they need to succeed in the ever-changing business world. The program is offered entirely online and can be completed in as little as 24 months.

Benefits:

Affordable tuition: $16,530
Flexible format
Experienced faculty
Strong alumni network

Eligibility Criteria:

Bachelor’s degree from an accredited institution
Minimum GPA of 3.0

How to Apply:

Visit The University of Alabama in Huntsville website
Create an account
Complete the online application form.
Submit your transcripts.

19. Colorado State University-Global Campus:

Colorado State University-Global Campus’s online MBA program is designed to equip students with the skills and knowledge they need to succeed in today’s dynamic business environment. The program is offered entirely online and can be completed in as little as 24 months.

Benefits:

Affordable tuition: $16,704
Flexible format
Experienced faculty
Strong alumni network

Eligibility Criteria:

Bachelor’s degree from an accredited institution
Minimum GPA of 3.0

How to Apply:

Visit the Colorado State University-Global Campus website
Create an account.
Complete the online application form.
Submit your transcripts.

20. Indiana Wesleyan University:

Indiana Wesleyan University’s online MBA program is designed to provide students with the knowledge and skills they need to advance their careers in business. The program is offered entirely online and can be completed in as little as 24 months.

Benefits:

Affordable tuition: $16,770
Flexible format
Experienced faculty
Strong alumni network

Eligibility Criteria:

Bachelor’s degree from an accredited institution
Minimum GPA of 3.0

How to Apply:

Visit the Indiana Wesleyan University website
Create an account.
Complete the online application form.
Submit your transcripts.

21. University of Nebraska at Kearney

The University of Nebraska at Kearney’s online MBA program is designed to equip students with the skills and knowledge they need to succeed in today’s dynamic business environment. The program is offered entirely online and can be completed in as little as 24 months.

Benefits:

Affordable tuition: $16,800
Flexible format
Experienced faculty
Strong alumni network

Eligibility Criteria:

Bachelor’s degree from an accredited institution
Minimum GPA of 3.0

How to Apply:

Visit the University of Nebraska at Kearney
Create an account
Complete the online application form.
Submit your transcripts.

22. University of Louisiana at Monroe (ULM)

The University of Louisiana at Monroe’s online MBA program is designed to provide working professionals with the skills and knowledge they need to advance their careers in business. The program is offered entirely online and can be completed in as little as 24 months.

Benefits:

Affordable tuition: $16,128
Flexible format: Courses are offered in 8-week modules, allowing students to balance their studies with work and personal commitments.
Experienced faculty: The program is taught by experienced faculty members who are experts in their respective fields.
Strong alumni network: ULM has a strong alumni network that can provide students with valuable mentorship and career opportunities.

Eligibility Criteria:

Bachelor’s degree from an accredited institution
Minimum GPA of 3.0

How to Apply:

Visit the ULM online MBA program website.
Create an account and complete the online application form.
Submit your transcripts and two letters of recommendation.

23. University of Arkansas at Monticello (UAM)

The University of Arkansas at Monticello’s online MBA program is designed to provide students with the comprehensive business knowledge and skills they need to succeed in today’s competitive marketplace. The program is offered entirely online and can be completed in as little as 24 months.

Benefits:

Affordable tuition: $16,980
Flexible format: Courses are offered in 8-week modules, allowing students to balance their studies with work and personal commitments.
Experienced faculty: The program is taught by experienced faculty members who are experts in their respective fields.
Real-world application: The program emphasizes real-world application of business concepts and principles.

Eligibility Criteria:

Bachelor’s degree from an accredited institution
Minimum GPA of 3.0

How to Apply:

Visit the UAM online MBA program website.
Create an account and complete the online application form.
Submit your transcripts and two letters of recommendation.

24. The University of Texas at Tyler (UT Tyler)

The University of Texas at Tyler’s online MBA program is designed to provide working professionals with the skills and knowledge they need to advance their careers in business. The program is offered entirely online and can be completed in as little as 24 months.

Benefits:

Affordable tuition: $17,040
Flexible format: Courses are offered in 8-week modules, allowing students to balance their studies with work and personal commitments.
Experienced faculty: The program is taught by experienced faculty members who are experts in their respective fields.
Global perspective: The program incorporates a global perspective, preparing students to succeed in the international business environment.

Eligibility Criteria:

Bachelor’s degree from an accredited institution
Minimum GPA of 3.0

How to Apply:

Visit the UT Tyler online MBA program website.
Create an account and complete the online application form.
Submit your transcripts and two letters of recommendation.

25. Wilmington University

Wilmington University’s online MBA program is designed to provide students with the knowledge and skills they need to advance their careers in business. The program is offered entirely online and can be completed in as little as 18 months.

Benefits:

Affordable tuition: $17,070
Flexible format: Courses are offered in 8-week and 10-week modules, allowing students to balance their studies with work and personal commitments.
Experienced faculty: The program is taught by experienced faculty members who are experts in their respective fields.
Specializations: Students can choose from a variety of specializations, such as finance, healthcare management, and marketing.

Eligibility Criteria:

Bachelor’s degree from an accredited institution
Minimum GPA of 2.75

How to Apply:

Visit the Wilmington University online MBA program website.
Create an account and complete the online application form.
Submit your transcripts and one letter of recommendation.

26. University of South Dakota (USD)

The University of South Dakota’s online MBA program is designed to provide students with the skills and knowledge they need to succeed in today’s dynamic business environment. The program is offered entirely online and can be completed in as little as 24 months.

Benefits:

Affordable tuition: $18,426
Flexible format: Courses are offered in 8-week modules, allowing students to balance their studies with work and personal commitments.
Experienced faculty: The program is taught by experienced faculty members who are experts in their respective fields.
Real-world application: The program emphasizes real-world application of business concepts and principles.

Eligibility Criteria:

Bachelor’s degree from an accredited institution
Minimum GPA of 3.0
Two years of professional experience

How to Apply:

Visit the USD online MBA program website.
Create an account and complete the online application form.
Submit your transcripts, two letters of recommendation, and a resume.

27. Minot State University

Minot State University’s online MBA program is designed to provide students with the skills and knowledge they need to advance their careers in business. The program is offered entirely online and can be completed in as little as 24 months.

Benefits:

Affordable tuition: $19,320
Flexible format: Courses are offered in 8-week modules, allowing students to balance their studies with work and personal commitments.
Experienced faculty: The program is taught by experienced faculty members who are experts in their respective fields.
Entrepreneurial focus: The program has an entrepreneurial focus, preparing students to start and run their own businesses.

Eligibility Criteria:

Bachelor’s degree from an accredited institution
Minimum GPA of 3.0

How to Apply:

Visit the Minot State University online MBA program website.
Create an account and complete the online application form.
Submit your transcripts and two letters of recommendation.

28. University of Mary Hardin-Baylor

The University of Mary Hardin-Baylor’s online MBA program is designed to provide students with the skills and knowledge they need to succeed in today’s competitive business world. The program is offered entirely online and can be completed in as little as 24 months.

Benefits:

Affordable tuition: $19,590
Flexible format: Courses are offered in 8-week modules, allowing students to balance their studies with work and personal commitments.
Experienced faculty: The program is taught by experienced faculty members who are experts in their respective fields.
Christian perspective: The program incorporates a Christian perspective, preparing students to lead with integrity and ethical decision-making.

Eligibility Criteria:

Bachelor’s degree from an accredited institution
Minimum GPA of 3.0
Two years of professional experience

How to Apply:

Visit the University of Mary Hardin-Baylor online MBA program website.
Create an account and complete the online application form.
Submit your transcripts, two letters of recommendation, and a resume.

29. University of Jamestown (UJ)

The University of Jamestown’s online MBA program is designed to provide students with the knowledge and skills they need to advance their careers in business. The program is offered entirely online and can be completed in as little as 24 months.

Benefits:

Affordable tuition: $21,300
Flexible format: Courses are offered in 8-week modules, allowing students to balance their studies with work and personal commitments.
Experienced faculty: The program is taught by experienced faculty members who are experts in their respective fields.
Small class sizes: Students receive personalized attention from faculty members due to the small class sizes.

Eligibility Criteria:

Bachelor’s degree from an accredited institution
Minimum GPA of 3.0

How to Apply:

Visit the UJ online MBA program website.
Create an account and complete the online application form.
Submit your transcripts and one letter of recommendation.

30. Baker University

The Baker University’s online MBA program is designed to provide students with the skills and knowledge they need to lead and innovate in today’s complex business world. The program is offered entirely online and can be completed in as little as 24 months.

Benefits:

Affordable tuition: $22,200
Flexible format: Courses are offered in 8-week modules, allowing students to balance their studies with work and personal commitments.
Experienced faculty: The program is taught by experienced faculty members who are experts in their respective fields.
Entrepreneurial focus: The program emphasizes entrepreneurial thinking and innovation.

Eligibility Criteria:

Bachelor’s degree from an accredited institution
Minimum GPA of 3.0
Two years of professional experience

How to Apply:

Visit the Baker University online MBA program website.
Create an account and complete the online application form.
Submit your transcripts, two letters of recommendation, and a resume.

Conclusion

In conclusion, pursuing an online MBA can be a transformative and rewarding experience, and finding an affordable program that meets your academic and career goals is an important first step. The list of the top 30 most affordable online MBA programs in 2024 highlights institutions that offer high-quality education at a reasonable cost.

As you contemplate your online MBA journey, it’s essential to consider various factors beyond affordability, such as program accreditation, faculty expertise, available specializations, and the flexibility of online learning platforms. Each program on this list provides unique opportunities for growth and development, allowing you to advance your career without breaking the bank.

Remember that affordability should not compromise the quality of your education or your ability to achieve your career aspirations. It’s advisable to thoroughly research and compare programs, consult with academic advisors, and reach out to current students or alumni to gain insights into the program’s strengths and weaknesses.

FAQs

Are online MBA programs accredited?

Some online MBA programs are accredited, while others are not. Accreditation is a process by which an independent organization evaluates and recognizes institutions of higher learning.

Accredited programs generally have higher quality standards, and their graduates may find it easier to qualify for jobs and promotions.

The most respected accreditation body for business programs is the Association to Advance Collegiate Schools of Business (AACSB).

However, there are other reputable accreditation bodies, including the International Assembly for Collegiate Business Education (IACBE) and the Commission on Collegiate Business Education (CCBE).

Can I work while pursuing an online MBA?

Yes, you can work while pursuing an online MBA. Many online MBA programs are designed to be flexible and accommodating to working professionals.

However, it is important to carefully consider your workload and time commitments before you enroll in an online MBA program.

What are the admission requirements for online MBA programs?

The admission requirements for online MBA programs vary by school, but there are some general requirements that are common to most programs. These requirements typically include:

Bachelor’s degree: You must have a bachelor’s degree from an accredited institution.
Minimum GPA: Most online MBA programs require a minimum GPA of 3.0. However, some programs may require a higher GPA for applicants without relevant work experience.
Work experience: Some online MBA programs require applicants to have a certain amount of work experience, typically two to five years.
Letters of recommendation: Most online MBA programs require applicants to submit two or three letters of recommendation from people who can speak to their academic and/or professional qualifications.
Resume or CV: You will need to submit a resume or CV that outlines your academic and professional experience.
Personal statement: You will need to write a personal statement that explains why you are interested in the program and what you hope to gain from it.

Can I specialize in a specific area within the MBA program, such as finance or marketing?

Yes, many online MBA programs allow students to specialize in a specific area within the program, such as finance, marketing, or operations management. These specializations allow students to develop in-depth knowledge and skills in a particular area of business.

Here are some of the benefits of specializing in a specific area within the MBA program:

Develop in-depth knowledge and skills: Specializing in a specific area allows students to develop a deeper understanding of the relevant concepts and theories.
Gain an edge in the job market: Specialization can make students more competitive for jobs in their chosen field.
Prepare for a specific career path: Specialization can help students prepare for a specific career path, such as investment banking or marketing management.

What is the average cost of an online MBA program?

The average cost of an online MBA program varies depending on the school, program, and location.

However, as of 2023, the average tuition for an online MBA program in the United States is around $43,000. Some programs may be more or less expensive, but this is a good starting point for budgeting purposes.

Here is a breakdown of the average tuition for online MBA programs in different regions: