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Among many advantages of having an MBA degree include high salary. In fact, the average income of an MBA graduate is considerably higher than employees with a regular university or college degree. In this article, you will discover 15 Affordable Online MBA Programs you can complete 100% online and at budget-friendly costs.
Here are 15 best affordable online MBA programs for students looking to continue their professional education on a limited budget.
- University of North Dakota (UND)
UND is a public research university established by the Dakota Territorial Assembly since 1883. University of North Dakota is the first in the country to offer a degree in unmanned aircraft systems operations (John D. Odegard School of Aerospace Sciences) and programs in aviation and aerospace.
The school has one of the best Affordable Online MBA Programs in the country. The Graduate level programs include MBA, Applied Economics, Social work, Educational Leadership, Forensic Psychology, and others. The UND’s online MBA programs require 34-43 credits and take 2 years to complete.
- ARIZONA STATE UNIVERSITY
The MBA is offered Online. It consists of 49 semester credit hours. There are 17 rows, each lasting 7.5 weeks. Core courses include manager statistics, financial performance reports, and manager ethics. Focus areas accomplished through electives include finance, international business, marketing, and supply chain management. Applicants must have a 3.0 GPA in the last 60 credit hours of a bachelor’s degree or 3.0 in a previous master’s degree. Other requirements include GMAT / GRE scores, two letters of recommendation, a CV, and a short essay.
The US News & World Report ranked Arizona State Ranking No. 6 among the best online MBA programs. In addition, the online MBA programs at Arizona State University are fully accredited by the Association to Advance Collegiate Schools of Business (AACSB).
- PURDUE UNIVERSITY
The MBA degree at Purdue University is offered entirely online. The courses are run by the Krannert School of Management, and are asynchronous and provide students with flexibility to balance academics and life. The 
MBA program consists of 48 credits and can be completed in 3 years or less. The curriculum uses group learning, case study research, team projects, and collaboration on remote platforms. For applicants, GMAT degrees with at least three years of strong work experience and an undergraduate GPA 3.0 or more can be waived. Applicants are also expected to submit a CV, two letters of recommendation, a statement of purpose, two written articles, and a video that answers questions about goals and motivation.
Purdue University is one of the top leading research schools in the country, routinely ranked at the top in world university and accredited national rankings. In 2020, the Wall Street Journal and Times Higher Education ranked Purdue #7 for best value school in the United States.
- UNIVERSITY OF MASSACHUSETTS-LOWELL
The University of Massachusetts-Lowell MBA is fully available online and can be completed in as little as 18 months. However, most online students take one or two courses in the classroom, and students can take up to five years to complete the program. The study plan consists of 42 credits. These include up to 12 hours of core courses that may be waived based on the student’s professional experience or business background.
Students can pursue a general MBA or choose a focus area with a wide range of electives. Fields available include information technology, entrepreneurship, international business, administrative leadership, healthcare and marketing. Elective courses include workforce analysis, new project creation, and health care law and ethics.
- UNIVERSITY OF UTAH
David Eccles College of Business at the University of Utah offers an MBA program at affordable costs. Utah online lessons are not synchronized, but provide interactive learning types. Students can collaborate on an assignment via email or discussion forums and conduct peer reviews through these forums. The MBA consists of 48 semester credit hours and includes a three-day residency on campus in the student’s first year. A bachelor’s degree with a recommended GPA of at least 3.0 is required to apply for an MBA.
The US News & World Report ranked the program # 17 among the best online MBA programs. Princeton Review ranks the University No. 11 among the online MBA programs.
- MISSOURI UNIVERSITY OF SCIENCE AND TECHNOLOGY
The MBA program at the Missouri University of Science and Technology consists of 36 hours: 21 hours of core courses and 15 hours of electives. The chapters cover a variety of topics, from e-commerce to information systems and entrepreneurship. Elective subjects include Privacy and Information Security Law, International Marketing, Advanced Focus, and Customer Satisfaction. Research-based projects, internships, and hands-on training are options in this MBA. Applicants to the program must have a bachelor’s degree from an accredited institution and have earned a 3.0 or higher grade point average. GMAT / GRE scores are also required, along with a CV and three letters of recommendation.
The university was ranked No. 3 in the “top 10 places to get an engineering degree in the U.S.” by USA Today in 2016. In 2018, it was ranked # 25 in the “top 25 STEM-centric schools” by Forbes.
- FLORIDA STATE UNIVERSITY
The MBA courses at Florida State University consists of 39 semester credit hours, taking 7 semesters to 
complete. The program is online and flexible hours. The school offers an online MBA in finance and real estate analysis. Florida is home to the Center for Real Estate Research and Education. Other areas of focus are in business analysis, management information systems, risk management and insurance.
In 2020, Florida State University has been bravoed as a Top 20 Public University in the country. The US News & World Report ranked the university # 21 among the best online MBA programs.
- UNIVERSITY OF SOUTH FLORIDA
This is the fastest and one of the best affordable online MBA programs in the list. If a student can bear a full-time load, the University of South Florida MBA can be completed in four semesters, assuming that core courses can be waived with a solid professional or academic background in business. However, most students go online part-time to balance academics for the rest of their lives, so it will take around three years for an MBA to finish.
The South Florida MBA is unusual in that two of its curriculum approaches are cyber security and risk and money laundering. There are 16 credit hours of core courses, which will be required depending on the student’s experience. The core curriculum consists of 14 credit hours of core courses and 18 hours of focus: a hands-on project, three credit hours, optional. South Florida accepts MBA candidates from a variety of backgrounds, but new students have approximately three years in business and / or average GMAT scores of 560. Bachelor’s degrees are required and can be in any discipline. New MBA students earn an average of 3.3 college degrees.
- UNIVERSITY OF MASSACHUSETTS AMHERST
The MBA is offered at the University of Massachusetts Amherst through the University’s Isenberg School of Management. MBA students can choose from five focus areas of their studies: business analysis, entrepreneurship, finance, healthcare management, and marketing. UMass says its online students include people at many stages of their careers, with jobs ranging from chief financial officers to academics.
The MBA can be completed entirely online or by combining online courses with classes at one of UMass’s satellite campuses in Boston, Shrewsbury or Springfield, MS. Students can assess UMass leadership by taking up to two semesters of graduate study, six credit hours, before applying for the program. The MBA degree consists of 39 to 45 semester credit hours, depending on the student’s professional and academic training.
The US News & World Report ranked university # 17 among the best online MBA programs.
- UNIVERSITY OF DELAWARE
The University of Delaware MBA program is offered entirely online. Students can track concentrations of courses in business or financial analysis, healthcare management, or leadership. They can also mix and match careers or create their own personalized curriculum. Courses last seven weeks, and students can jump to the MBA curriculum at six points during the calendar year. The focused degree requires 44 work credits; Focused calls of 47 hours.
The MBA can be completed in less than 16 months, but online students can dictate at their own pace. Student services include access to a professional coach. The application requirements include at least two years of work experience and a bachelor’s degree with a minimum average of 2.8. GRE / GMAT scores may be waived based on work, grade point average, and math.
University of Delaware is ranked number 1 in physical therapy and # 8 in different types of engineering.
- UNIVERSITY OF SOUTH DAKOTA
The online MBA degree at the University of South Dakota presents five majors: business analysis, finance, 
health service management, marketing, operations, and supply chain management. The title can be completed 100% online; however, there is an optional course, Leadership Development, which requires five days on campus, giving students the opportunity to meet teachers and communicate with their peers.
The South Dakota MBA program consists of 33 semester credit hours. Depending on the student’s undergraduate experience in business courses (a bachelor’s degree with a minimum average of 2.7 is required), up to 18 hours of core courses must be taken before entering the Master’s program. Applicants must also provide a CV, a statement of purpose, and three letters of recommendation. GMAT results may be waived if previous undergraduate or graduate courses are strong enough.
Princeton Review ranks University No. 19 among the online MBA programs.
4. Georgia Southwestern State University
This public university is part of the University System of Georgia and offering Master of Business Administration, as well as Bachelor of Business Administration, Bachelor of Science degrees, and the Master of Science in computer science.
Georgia Southwestern State University has an online MBA program which promotes strong values and ethics, and helps students to develop necessary multicultural skills which are in demand in the today’s market. The school, has been rated as one of the top 50 affordable MBA programs and the best-value accredited online MBA programs for 2019-2020.
3. Fayetteville State University
This public regional university is a segment of the Thurgood Marshall College Fund and the University of North Carolina System, which offers 9 MBA programs, including marketing, international business, and finance.
The Online Master of Business Administration (MBA) is ranked No. 88 in the country by the U.S. News & World Report in its 2020 Best Online MBA Programs. The Online MBA also is ranked # 49 program for veterans. In addition, the Fayetteville’s School of Business and Economics was among the top 20 Best Business Schools in the Southeast by the Princeton Review.
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University of Nevada
The University of Nevada is the state’s first medical school, the University of Nevada, Reno School of Medicine and home to the Donald W. Reynolds School of Journalism, which has produced six Pulitzer Prize winners so far. In addition, the university is classified among “R1: Doctoral Universities – Very high research activity”.
UNR is a traditional university and their two-year online MBA program is one of the top online business programs in the country, according to U.S. News and World Report and the Princeton Review. It was also ranked #33 in the U.S. News and World Report’s 2018 Best Online Programs rankings.
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Eastern New Mexico University (ENMU)
ENMU is largest regional comprehensive university in New Mexico and a proud member of the Hispanic Association of Colleges and Universities. Eastern New Mexico University has been ranked #2 in Online Elementary Education Master’s Degrees by the Best College Values. In addition, the school has been rated #5 for most affordable schools for online marketing MBA programs among the Southwest four-year universities.
Out of 355 online MBA programs surveyed, Eastern New Mexico University was found to be the cheapest. ENMU has also received many state, regional, and national awards.
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