Online MBA has taken the world of business aspirants by storm in recent years. The first-ever online MBA program was started by a Canadian university called the Athabasca University in 1994. Course material reached students in the form of floppy disks. That was the start of an era. As businesses evolved rapidly over the last two decades there has emerged the need for more cogent management techniques, moving toward an amalgamate of business, strategy and analytics.
As the corporates grew extensively, so grew their need for skilled professionals in management positions and burgeoning growth in the number of business schools and MBA institutes came about. To combat disincentives of class-room learning such as limitation of seats etc, these institutes also started several online MBA programs, every bit as authentic and prestigious as an on-campus course taken through them. The key is to find the best online MBA program to suit your specific requirements and to help you do that, we present below a list of the 20 best online MBA Programs currently available.
1. Imperial College Business School
Their online MBA was ranked the UK #1 and a global #2 by QS in 2019. Tuition here is an approximate $46,500 and the program duration is 24 months. During this time the students will learn about Marketing, Managerial Economics, Finance and Accounting, Strategy and Entrepreneurship. Students may also choose five Electives from a portfolio of 14 elective modules offered in the classrooms. Imperial has some great networking opportunities like Induction Week and Capstone that offer invaluable facetime and global networking.
2. IE Business School
The IE Business school in Spain is said to hold the global 6th ranking for its online MBA Program. Tuition is an approximate $58,500 and the duration of the course is 15 months. They partner with the UCLA and SMU. This program is a great option for working professionals aspiring to move up and jet-set their careers into the C-Suite.
3. Warwick Business School
Another acclaimed distance learning MBA program that was ranked #1 by the Financial Times in 2019. The program duration is 30 months and tuition fees are approximately $43,000. In addition to their innovative and cutting-edge online learning experience, there are two Warwick weeks. Students also have the option of studying up to two electives in the classroom. One of these is already included in the tuition fees. They boast a global alumni network of 45,000 as well as professional networks.
4. Babson College, Massachusetts
This 100% online MBA is perfect for anyone who has the aptitude to balance their ongoing career with advancing their existing skill-sets. Students may register for on-campus classes. The degree is AACSB accredited which is of importance if you are doing your online MBA from an American institute. The course is self-paced. They have ranked the #1 Best MBA for Entrepreneurship in the U.S. Tuition fees is $87,000.
5. Warrington College of Business at the University of Florida
They offered their first online MBA degree in 1999. The course length is 24 months and the approximate tuition fee is $58,000. The Warrington also offers a 16-months fast-track MBA program called the Hybrid One-Year. The degree earned online is fully equivalent to their classroom degree. The degree will equip students with all tools necessary to succeed and improve in their career.
6. Durham University Business School
Another relevant online MBA course spanning over 24 months and costing approximately $27,000. They have an extensive and global business network that readily puts their students on a platform with some leading global recruiters. They also provide personal career consultation to each of their students. Durham organizes career workshops designed to enhance skills. An Executive Dean’s Scholarship is offered every year for one exceptional candidate. 50% of the student’s tuition is covered under this scholarship.
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7. Kelley School of Business at Indiana University
The Kelley School of Business ranked #4 successively in 2018 and 2019. Average program duration is of 24 months and tuition is $67,830. However, students may also choose the option of a longer-term of four years to complete this course. Seven majors, a core and 50% electives are combined into an engaging and innovative curriculum guaranteed to take your corporate career to the next level. Programs start in fall or spring.
8. Marshall Business School at the University of Southern California
The Marshall Online MBA network is 380,000 members strong and brings together cutting-edge virtual tools with a comprehensive curriculum designed to mould mid- to senior-level professionals into successful executive-level leaders. Program duration is 24 months and includes an intensive residential week. Tuition fees and other costs cumulatively amount to $106,197. The Marshall School is also a member of AACSB and the best MBA program in Southern California.
9. Australian Graduate School of Management at the University of New South Wales Business School
Recognized by Financial Times UK as #8 in the world, their online MBA program or the MBA is for working professionals who can benefit from the flexibility and accessibility of this highly evolved course. AGSM has been offering online education for over 20 years and their online MBA has a 76.3 employability rate. Tuition is approximately $40,800 and average program length is 60 months.
10. Oxford Brookes Business School
This course ranks among the top ten in the QS ranking of Distance Online MBA. Average program duration is 30 months depending on the pace and style chosen by the student. Their online experience is creative and collaborative. Students require to have three years’ managerial or professional experience and an academic reference to be eligible for the course. Tuition fee is approximately $20,000.
11. Kogod School of Business at American University
It’s a private school accredited by AACSB. The curriculum is less competitive, more collaborative. The course is open to students from an arts background. No GMAT/ GRE needed to apply. Average program length is 24 months and tuition costs are an approximate $82,000.
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12. Poole College of Management at North Carolina State University
Preparing students for a global marketplace through their creative and innovative online MBA program with an eye to fostering analytical problem-solving skills and an entrepreneurial mindset. Poole has over 200 corporate partners. The average length of the program is 36 months. Approximate cost for the program is $44,555. This MBA program is AACSB-accredited.
13. Bradford School of Management
Located in the United Kingdom the Bradford Business School has an overall ranking score of 45.5 and an employability rate of 43.5. The program lays special stress on finance, strategy and networking. What makes the program at Bradford stand apart is that their syllabus is very real-world and contemporary. Students can immediately start applying their learning in their work-place. Semesters start January, April, July and October. Tuition can be approximated at $21,660.
14. George Washington University
Semesters begin in Fall, spring or summer. Students have the option to opt for on-campus classes. Each semester includes 14 weeks of study and the course is throughout a mix of digital classes and live sessions. The average length of the program is 42 months. Tuition costs about $101,288. They have a 59.3 employability rate.
15. University of Otago Business School in New Zealand
Their online MBA program teaches the exact same curriculum as their on-campus program, the only difference being the medium of transmission and the longer and flexible time frame of 36 months as opposed to the 15 months of on-campus MBA studies. Assignments and examinations are also the same for both programs. The online curriculum is divided into two phases where the second or final phase requires the student to undertake either a business project or an international exchange. One might even opt for a combination of both. Tuition is $24,000.
16. W. P. Carey School of Business at Arizona State University
Another highly recommended and sought-after online MBA Program. Tuition for non-resident students is an estimated $22,456. In this program, students will learn Advanced Business Strategies, Leadership Skills, Finance, International Business, Marketing and Supply Change Management. Semesters start in January and August.
17. Darden School of Business at University of Virginia
The Darden has two different online MBA formats, namely their Executive MBA or EMBA, and Global Executive MBA or GEMBA. Sessions are 90 mons long and take place in the evenings. Recordings of all such classes are also made available to students who are unable to attend. Core Curriculum includes Accounting for Managers, Business Ethics, Decision analysis, Financial Management and Policies, Global Economies and Markets, Leadership Communication, Leading Organizations, Marketing, Operations Management and Strategic Thinking and Action.
The Program is kick-started with a week-long Leadership Residency at Charlottesville where workshops and coaching are organized for an immersive experience. Week-end residencies also happen once a month, keeping in mind the schedule of the students most of whom are working professionals.
18. Whitman School of Management at Syracuse University
The school is accredited by the AACSB since 1920. There is no GRE or GMAT requirement for applicants that are experienced professionals or have served in the military. Tuition cost is $84,186 and employability rate is 57.8. Whitman is one of the top business grad schools.
19. Villanova School of Business at Villanova University
They were ranked #13 best Online MBA Program by the U.S News & World Report. The online program has the same curriculum and faculty as its prestigious on-campus MBA program. The five optional specializations offered are Finance, Marketing, analytics, International Business or Strategic Management. Students have the option to choose an international immersion in the ambit of an emerging economy. The program is AACSB-Accredited. Villanova has an impressive global alumni network. Tuition is approximately $64,800.
20. Deakin Business School, Australia
The average length of the program is 30 months and approximate tuition cost is $35,700. There are eight core units and four electives. Trimesters open in March, July and November. Admission criteria are a bachelor’s degree and three years of work experience. They have an employability rate of 50.5.
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An online MBA is the best and a necessary step for all working business professionals that want to prevent their careers from stagnating at middle-management and improve their chances of ascending to top executive positions. The best MBA programs for engineers are Finance, Marketing, International Business or Operations Management. Equipped with MBA engineers can improve their pay package. The average compensation for an MBA was an estimated $102,200 per QS survey in 2018. Choose from the best business schools listed above along with their online MBA rankings, to find an MBA Program that is tailor-made for you. Become the best professional version of you.