25 Best MBA Degree Programs Online for 2020

The numbers don't lie: MBA degrees are worth every penny. Professionals in business, finance, and sales who earned a master's degree in business administration enjoyed the highest salary bumps of any occupation, according to the Bureau of Labor Statistics. Professionals in securities, commodities, and finance sectors with an undergraduate education saw an 89% pay increase with an MBA. The degree is used by entry-level employees to boost their competitiveness for promotion, by mid-level professionals to move into leadership and management positions, and by seasoned workers to sharpen their skills or shift into a new profession. According to Poets & Quants study, MBA professionals in 2016 made nearly twice as much as colleagues in the same field. 

Good pay is one of the strong suits of an MBA. The median salary for a chief technology officer is $158,360, according to Glassdoor. The Bureau of Labor Statistics offers these median salaries in roles usually backed with an MBA: computer and info systems manager: $142,530; financial manager: $127,990; marketing manager: $147,240; and database administrator: $90,070. Even roles lower on the pay scale still pay well, such as human resources manager at $48,400, according to Poets & Quants.

This list presents the 25 best universities and colleges to get an MBA online, accommodating the busy lives of working professionals and people with family responsibilities or other concerns. Every program is accredited by the Association to Advance Collegiate Schools of Business International, the watchdog for business programs since 1916. All of the universities require a bachelor's degree, along with widely varying levels of professional experience and academic foundations in business.

Methodology

Best College Reviews provides degree rankings, such as the 25 Best MBA Degree Programs Online for 2020, from carefully researched data sets published from government and non-profit organizations across the United States. Five primary factors affect how we rank degrees: 

  • 25% Student Satisfaction 
  • 30% Earning Potential 
  • 15% Retention Data 
  • 20% Affordability 
  • 10% Acceptance Rates

For an in-depth breakdown of how we calculate each ranking, check out our Methodology page.  

#25 UNIVERSITY OF SOUTH DAKOTA

VERMILLION, SD

ONLINE MASTER OF BUSINESS ADMINISTRATION

Website
Score: 85.78

The online Master of Business Administration degree at the University of South Dakota features five specializations: Business Analytics, Finance, Health Services Administration, Marketing, and Operations and Supply Chain Management. Princeton Review ranks the university No. 19 among online MBA programs. The degree can be completed 100% online. However, there is an optional course, Leadership Development, that requires five days on-campus, giving students an opportunity to meet instructors and network with peers. The South Dakota MBA consists of 33 semester credit hours. Depending on the student's undergraduate experience in business coursework – a bachelor's degree with a minimum GPA of 2.7 is required – there are up to 18 hours of foundation courses that must be taken before entering the master's program. Applicants also should provide a resume, a statement of purpose, and three recommendation letters. GMAT results can be waived if undergraduate or previous graduate coursework is strong enough.

Net Price: $16,647

 

#24 UNIVERSITY OF DELAWARE

NEWARK, DE

MASTER'S IN BUSINESS ADMINISTRATION

Website
Score: 86.44

The Master's in Business Administration degree from the University of Delaware is offered entirely online. Students can follow coursework concentrations in business analytics, finance, health-care management, or leadership. They also can mix and match specializations or create a custom curriculum of their own. Courses last seven weeks, and students can jump into the MBA curriculum at six points during the calendar year. A degree with one concentration requires 44 credit hours of work; a two-concentration degree calls for 47 hours. The MBA can be wrapped up in as few as 16 months, but online students are able to dictate their own pace. Student services include access to a career coach. Application requirements include at least two years of work experience and a bachelor's degree with a minimum GPA of 2.8. GRE/GMAT scores can be waived based on work, GPA, and math experience.

Net Price: $16,286

 

#23 UNIVERSITY OF MASSACHUSETTS AMHERST

AMHERST, MA

MASTER'S IN BUSINESS ADMINISTRATION

Website
Score: 86.86

The Master's in Business Administration degree at the University of Massachusetts Amherst is offered through the university's Isenberg School of Management. U.S. News & World Report ranks the university No. 17 among best online MBA programs. MBA students can choose from five focus areas in their coursework: business analytics, entrepreneurship, finance, health care administration, and marketing. UMass says its online students include people at numerous stages in their careers, with jobs ranging from CFOs to scientists. The MBA can be pursued entirely online or by combining online courses with classes at one of UMass' satellite campus in Boston, Shrewsbury, or Springfield, MA. Students can test-drive the UMass program by taking up to two graduate classes – six credits – before applying to the program. The MBA consists of 39 to 45 semester credit hours, depending on the student's professional and academic background. 

Net Price: $21,281

 

#22 UNIVERSITY OF SOUTH FLORIDA

TAMPA, FL

MASTER'S IN BUSINESS ADMINISTRATION

Website
Score: 87.30

If the student can swing a full-time load, the Master's in Business Administration degree from the University of South Florida can be completed in four semesters, assuming that foundation courses can be waived with a strong professional or academic background in business. Most online students, however, go part-time to balance academics with the rest of their lives, so the MBA will take about three years to finish. South Florida's MBA is unusual in that two of its curriculum concentrations are Cybersecurity and Anti-Money Laundering & Risk. There are 16 credit hours of foundation courses, which will be required depending on the student's experience. The main curriculum consists of 14 credit hours of core courses and 18 hours in a concentration – a practicum project, for three credit hours, is optional. South Florida accepts MBA candidates from various backgrounds, but recent students have had about three years in the business profession and/or an average GMAT score of 560. A bachelor's degree is required, and it can be in any discipline; recent MBA students had an average undergraduate GPA of 3.3.

Net Price: $11,766

 

#21 FLORIDA STATE UNIVERSITY

TALLAHASSEE, FL

MASTER'S IN BUSINESS ADMINISTRATION

Website
Score: 87.68

Florida State University's Master's in Business Administration curriculum consists of 39 semester credit hours and takes seven semesters to complete. U.S. News & World Report ranks the university No. 21 among best online MBA programs. Florida State's online MBA allows students to learn on a flexible schedule. Florida State offers an online MBA specialization in real estate finance and analysis. Florida State is home to the Center for Real Estate Education and Research. Other concentration areas are in Business Analytics, Management Information Systems, and Risk Management & Insurance. Florida State's MBA is geared toward working professionals or people who have strong undergraduate backgrounds, including a bachelor's degree. A general understanding of principles such as economics, finance, and accounting are preferred.

Net Price: $16,450

 

#20 MISSOURI UNIVERSITY OF SCIENCE AND TECHNOLOGY

ROLLA, MO

MASTER'S IN BUSINESS ADMINISTRATION

Website
Score: 88.23

The Master's in Business Administration at Missouri University of Science and Technology consists of 36 hours: 21 hours of core courses and 15 hours of electives. Classes cover a range of subjects, from e-commerce to information systems to entrepreneurship. Electives include Privacy and Information Security Law, International Marketing, and Advanced Customer Focus & Satisfaction. Research-based projects, internships, and practicums are options in this MBA. Applicants to the program must have a bachelor's degree from an accredited institution, earned with a 3.0 GPA or better. GMAT/GRE scores are also required, along with a resume and three recommendation letters. 

Net Price: $14,133

 

#19 UNIVERSITY OF UTAH

SALT LAKE CITY, UT

MASTER OF BUSINESS ADMINISTRATION

Website
Score: 88.36

The David Eccles School of Business at the University of Utah offers the Master of Business Administration degree. U.S. News & World Report ranks the university No. 17 among best online MBA programs. Princeton Review ranks the university No. 11 among online MBA programs. Utah's online classes are asynchronous but provide types of interactive learning. Students can collaborate on an assignment through email or discussion forums and conduct peer reviews through those forums. All the while, there is the 24/7 flexibility that many online students need. The MBA consists of 48 semester credit hours and includes one three-day on-campus residency in the student's first year. A bachelor's degree with a recommended GPA of at least 3.0 is required to apply to the MBA

Net Price: $12,363

 

#18 UNIVERSITY OF MASSACHUSETTS-LOWELL

LOWELL, MA

MASTER'S IN BUSINESS ADMINISTRATION

Website
Score: 88.61

The Master's in Business Administration degree from the University of Massachusetts-Lowell is available entirely online and can be completed in as little as 18 months. However, most online students take one to two courses a semester, and students can take up to five years to complete the program. The curriculum consists of 42 credit hours; those include up to 12 hours of foundation courses that can be waived based on the student's professional experience or academic background in business. Students can pursue a general MBA or choose, via a broad selection of electives, a concentration area. Concentrations include Information Technology, Entrepreneurship, International Business, Managerial Leadership, Health Care, and Marketing. Elective courses include Workforce Analytics, New Venture Creation, and Law and Ethics in Health Care. 

Net Price: $18,375

 

#17 PURDUE UNIVERSITY

WEST LAFAYETTE, IN

MASTER OF BUSINESS ADMINISTRATION

Website
Score: 90.82

The Master of Business Administration degree at Purdue University is offered entirely online. Courses are administered by the Krannert School of Management. Coursework is asynchronous, offering flexibility for students balancing academics and life. The MBA consists of 48 credit hours and can be completed in about three years. The curriculum employs team learning, investigation of case studies, team projects, and collaboration via remote platforms. For applicants, GMAT scores can be waived with at least three years of strong work experience and an undergraduate GPA of 3.0 or more. Applicants also are expected to provide a resume, two letters of recommendation, a statement of purpose, two written essays, and a video that answers questions about goals and motivation.

Net Price: $12,117

 

#16 ARIZONA STATE UNIVERSITY

TEMPE, AZ

MASTER OF BUSINESS ADMINISTRATION

Website
Score: 90.82

The online Master of Business Administration is offered through ASU Online, the remote-learning arm of Arizona State University. U.S. News & World Report ranks Arizona State No. 6 among best online MBA programs. The MBA consists of 49 semester credit hours. There are 17 classes, each lasting 7.5 weeks. Core courses include Statistics for Managers, Financial Performance Reporting, and Ethical Issues for Managers. Areas of emphasis, achieved through elective courses, include finance, international business, marketing, and supply chain management. Applicants must have a 3.0 cumulative GPA in the last 60 credit hours of a bachelor's degree or a 3.0 in a previous master's degree. Other requirements include GMAT/GRE scores, two recommendation letters, a resume, and a short essay.

Net Price: $12,947

 

#15 UNIVERSITY OF MARYLAND-COLLEGE PARK

COLLEGE PARK, MD

MASTER'S IN BUSINESS ADMINISTRATION

Website
Score: 91.26

The Smith School of Business at the University of Maryland offers the Master's in Business Administration degree. The MBA allows students to apply a flexible schedule to learning leadership, communication, and analytical skills from Maryland's Smith School faculty. U.S. News & World Report ranks the university No. 8 among best online MBA programs. The online MBA includes two brief sessions at the College Park campus at the start and near the end of the program. The MBA consists of 54 credit hours and can be completed in as few as 21 months, though most online students take longer. There are dual-degree options that, all told, require up to 68 hours and can take three to four years to finish. MBA applicants should have a minimum of two years of work experience.

Net Price: $17,241

 

#14 STEVENS INSTITUTE OF TECHNOLOGY

HOBOKEN, NJ

MASTER'S IN BUSINESS ADMINISTRATION

Website
Score: 91.49

The Master's in Business Administration curriculum at Stevens Institute of Technology recognizes how the data revolution affects business leadership. Instruction focuses on changing technology and how to both recognize and shape it to a manager's advantage. Specializations include Corporate Innovation, Information Systems, Finance, and Project Management. The MBA consists of 39 credit hours and can be completed in two years. An accredited bachelor's degree with a minimum GPA of 3.0 is required of MBA applicants, as are two recommendation letters and GMAT/GRE scores. Work experience isn't required, but since acceptance is competitive, evaluators will consider a strong resume. In one of the capstone options at Stevens IT, students work as consultants at an actual company and solve a problem or assess an opportunity.

Net Price: $38,469

 

#13 UNIVERSITY OF MINNESOTA

MINNEAPOLIS, MN

MASTER'S IN BUSINESS ADMINISTRATION

Website
Score: 91.55

The Master's in Business Administration degree from the University of Minnesota consists of 54 credit hours and can be wrapped up in a few as two years. The university's Carlson School of Management offers academic advising online and manages coursework with the Canvas platform. The program is mostly online; there are at least two brief sessions on the Minneapolis campus, including orientation at the start of the program. MBA concentrations via elective courses include Entrepreneurship, Finance, Human Resources, and International Business. Students can connect with the Carlson School alumni community of about 55,000. Program applicants must have at least two years of full-time work experience plus a bachelor's degree. Applicants also will be asked to create a video essay.

Net Price: $16,808

 

#12 GEORGE WASHINGTON UNIVERSITY

WASHINGTON, DC

MASTER'S IN BUSINESS ADMINISTRATION

Website
Score: 92.23

Like many degrees at George Washington University, the Master's in Business Administration program is influenced by the university's location in the nation's capital. The university's relationships with professional and government institutions provide learning opportunities for MBA students. The program consists of 55.5 credit hours, including 27 hours of electives. Students usually take six credit hours a semester; it's recommended that at least one semester include 7.5 hours to be on track for completion in three years. The program is available entirely online, though there is an optional four-day residency course in Washington, D.C. Once-a-week live classroom sessions combine with videos, forums, and other digital tools. Faculty keep digital office hours. The online MBA offers a concentration in health care management. There is no GPA or experience requirement, but the acceptance process is competitive, and most GWU students in the program put in at least two years of professional work. Those with seven years or more can waive GMAT/GRE scores in the application process.

Net Price: $37,638

 

#11 UNIVERSITY OF NEBRASKA

LINCOLN, NE

MASTER'S IN BUSINESS ADMINISTRATION

Website
Score: 92.27

Students can finish the Master's in Business Administration degree from the University of Nebraska in a little as 1.5 years, but most online students need about three years to complete the coursework. U.S. News & World Report ranks the university No. 26 among best online MBA programs. The MBA consists of ten core courses of three credit hours each plus six three-hour electives. Each course lasts eight weeks, and the MBA can be done entirely online. Students have up to ten years to finish the degree. Students can choose concentrations in Finance, Business Analytics, International Business, Marketing, and Supply Chain Management. Students can also earn certificates in supply chain management and business analytics. 

Net Price: $16,813

 

#10 VILLANOVA UNIVERSITY

PHILADELPHIA, PA

MASTER'S IN BUSINESS ADMINISTRATION

Website
Score: 93.03

The Master's in Business Administration online degree from Villanova University is designed to be completed in six semesters, or two years. Distance-learning students, however, can set their own pace. U.S. News & World Report ranks the university No. 13 among best online MBA programs. There is one required on-campus experience: a global practicum near the end of the program. The rest of the MBA is accessible entirely online. Most of the program is asynchronous, with exceptions such as live classwork or assignment discussions and live office hours maintained by faculty. There are 48 total credit hours, including 15 hours of electives. Concentration areas include those in finance, marketing, analytics, international business, and strategic management. No courses can be waived based on undergraduate classwork, but up-to-nine credit hours of graduate coursework can be transferred.

Net Price: $35,491

 

#9 JOHNS HOPKINS UNIVERSITY

BALTIMORE, MD

MASTER'S IN BUSINESS ADMINISTRATION

Website
Score: 93.21

Graduates of Johns Hopkins University's Carey Business School hold jobs at high-profile organizations such as Morgan Stanley, Ernst & Young, and the World Bank. The Master's in Business Administration degree consists of 54 credits. The average Carey School student finishes the coursework in 2.7 years, but students have up to six to complete the degree. Online courses last eight-weeks, matching the schedule of on-campus courses. Classes are taught by the same faculty. Online students can choose concentrations of Finance, Health Care, and Marketing. Concentrations of Communication, Leadership, and Negotiation can be achieved largely online but require brief on-campus residencies in Baltimore that last two or three days. 

Net Price: $29,066

 

#8 AUBURN UNIVERSITY

AUBURN, AL

MASTER OF BUSINESS ADMINISTRATION

Website
Score: 93.53

Auburn University's Harbert Business School uses the Canvas platform for its online Master of Business Administration degree. The Harbert school uses the Boeing Learning Together program, which allows online students to experience the same classes that on-campus MBA students do. Through Canvas, students work on team assignments, join discussions with classmates and professors, and access course materials. U.S. News & World Report ranks the university No. 9 among best online MBA programs. Princeton Review ranks the university No. 13 among online MBA programs. Dual graduate degrees are available in industrial and systems engineering, finance, and information systems. The online experience is capped by a three-day, on-campus experience right before graduation.

Net Price: $22,613

 

#7 UNIVERSITY OF ILLINOIS AT URBANA-CHAMPAIGN

URBANA-CHAMPAIGN, IL

MASTER'S IN BUSINESS ADMINISTRATION

Website
Score: 95.27

Gies College of Business, which offers the Master's in Business Administration at the University of Illinois at Urbana-Champaign, refers to the degree as the iMBA. The degree offers eight specializations, which include Strategic Leadership, Digital Marketing, and Innovative Entrepreneurship. Instruction and learning occur on a platform called Coursera and through Gies College. To complete the iMBA, students must successfully complete six specializations, along with a full-program experiential course. The material on Coursera is asynchronous and can be completed at the student's own pace. All applicants to the iMBA must have a bachelor's degree from an accredited university and at least three years of operational or managerial experience. GMAT/GRE scores are recommended but not required. 

Net Price: $16,638

 

#6 UNIVERSITY OF VIRGINIA

CHARLOTTESVILLE, VA

MASTER'S IN BUSINESS ADMINISTRATION

Website
Score: 95.52

University of Virginia's Darden School of Business offers the Master's in Business Administration degree. Note that Virginia's online MBA program has an extensive on-campus component. Weekend seminars and similar gatherings are scheduled once a month in Rosslyn, VA, and one-week residencies are required at the start and finish of the MBA program, which is designed to last 21 months. The Darden School's coursework often employs what it calls case method. Students read about a case on their own, share ideas with a small team, discuss the case during a class, then reflect on how the process changed original thoughts about the case. The curriculum covers core subjects such as communication, financial management, and ethics. The program is organized into ten quarters that last two months each. 

Net Price: $16,594

 

#5 INDIANA UNIVERSITY

BLOOMINGTON, IN

MASTER'S IN BUSINESS ADMINISTRATION

Website
Score: 96.95

Indiana University's Kelley School of Business offers an online Master's in Business Administration degree. U.S. News & World Report ranks the university No. 1 among best online MBA programs and No. 21 among best business schools. Princeton Review ranks the university No. 1 among online MBA programs. The MBA trains students to lead an organization's crucial business operations. The majority of the degree is online; the program has two required, one-week residencies in Bloomington – one at the start of the MBA and the second near the end. During the residencies, in addition to meeting classmates and instructors, students work on a business case for an actual client. The program consists of 54 credit hours, half of which are electives. There are numerous specializations, including Global Business, Financial Management, and Operations Management. By taking an additional four classes, MBA students can earn another degree in strategic management, supply chain management, analytics, and several other disciplines.

Net Price: $12,488

 

#4 UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL

CHAPEL HILL, NC

MASTER'S IN BUSINESS ADMINISTRATION

Website
Score: 96.99

Kenan-Flagler Business School offers the Master's in Business Administration at the University of North Carolina at Chapel Hill. U.S. News & World Report ranks the university No. 2 among best online MBA programs and No. 19 among best business schools. Princeton Review ranks the university No. 2 among online MBA programs. Students in the Online MBA program can finish the program in 18-36 months. Students who take two courses per semester can wrap up the degree in 24 months. Students can choose one of five concentrations: Finance, Marketing, Entrepreneurship, Strategy and Consulting, or Data Analytics and Decision Making. In addition to the online experience, students must attend at least two face-to-face, three-day immersions, which are scheduled at the end of each quarter and held at several locations. Extensive professional work experience is a big plus for applicants. Those with six years of experience or less are required to submit GMAT or GRE scores.

Net Price: $11,100

 

#3 UNIVERSITY OF SOUTHERN CALIFORNIA

LOS ANGELES, CA

MASTER'S IN BUSINESS ADMINISTRATION

Website
Score: 97.57

The University of Southern California's Marshall School of Business offers the Master's in Business Administration program. U.S. News & World Report ranks USC No. 5 among best online MBA programs and No. 17 among best business schools. Princeton Review ranks the university No. 3 among online MBA programs. The online MBA at USC has a unique approach. It features a cohort-based, integrated curriculum and high-level video of five cross-disciplinary courses, plus a one-week, on-campus class: Role of the Manager. Students learn how core subjects such as marketing, finance, and accounting fit together. For instance, one of the core classes, Fundamentals of Business, lasts 15 weeks and accounts for ten of the 51 credit hours for the degree. It is a prerequisite for the remaining four classes, which can be taken in any order. They include Managing Inside the Firm, Managing Outside the Firm, and Opportunity Recognition and Completion. Most coursework is asynchronous, but there is a once-a-week live class available via webcam.

Net Price: $32,892

 

#2 NORTH CAROLINA STATE UNIVERSITY

RALEIGH, NC

MASTER OF BUSINESS ADMINISTRATION

Website
Score: 99.58

The Master of Business Administration program at North Carolina State University can be completed online in a few as 21 months. Courses availability is flexible, however, so students can take up to six years to finish the MBA. U.S. News & World Report ranks the university No. 17 among best online MBA programs. Princeton Review ranks the university No. 9 among online MBA programs. The online program from NC State begins in the fall and spring semesters. The program is mostly online. There are two required three-day residencies in Raleigh. The MBA consists of 40 credit hours. Online students don't do concentrations but do complete a depth requirement, which is six credit hours in a specific subject area. There also are nine hours of electives built into the 40-hour curriculum. MBA applicants must have a bachelor's degree from a regionally accredited institution, along with a statistics course passed with a C or higher, along with at least two years of professional employment.

Net Price: $13,442

 

#1 CARNEGIE MELLON UNIVERSITY

PITTSBURGH, PA

MASTER OF BUSINESS ADMINISTRATION

Website
Score: 100

The Master of Business Administration program has an online approach that includes six face-to-face "access weekends" per academic year. Gatherings are held in Pittsburgh, Philadelphia, Washington, D.C., and California's Silicon Valley. U.S. News & World Report ranks the university No. 3 among best online MBA programs and No. 17 among best business schools. Princeton Review ranks the university No. 5 among online MBA programs. One of the hallmarks of Carnegie Mellon Tepper School of Business is breadth: there are nearly 200 electives in the MBA program, along with 12 concentration-area choices. There are also tracks, in which a student can target a career path and capstone experiences that can employ management simulations, real-world consulting, or study-abroad options.

Net Price: $29,817