How much does an online MBA cost?

How much does an online MBA cost?

An online MBA degree can cost between $5,000 and $60,000+ per year. Many of the top online MBA programs cost the same as on-campus MBA degrees. This means that some online MBAs are affordable and some are expensive.

Take a look at the Best Online MBA Programs.

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For example, tuition for Florida State University is only $7,000 per year. Florida State University ranks #13 on the list of the Best Online MBA Degrees. An online MBA degree from Brandeis University costs $60,000 per year. Brandeis ranks #12 on the list of Best Online MBA degrees. This shows how the cost of an online MBA depends on the school you choose.

Are online MBAs more affordable?

Online MBAs are more affordable because you will save on expenses like housing, transportation, and campus fees. Your tuition for an online MBA will usually be the same as the tuition for an in-person MBA. You will save with an online MBA by getting the same education without paying for the costs of attending classes in person. These costs can include campus residency, parking, student activity fees, and more.

Online MBA students also have more scheduling flexibility. You can earn an online MBA on your time. This means you may be able to earn your online MBA while still holding your job. This balance between work and education can also make the online MBA more affordable.

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Is it worth getting an online MBA?

It is worth getting an online MBA even if the degree is expensive. Online MBAs can help you move forward in your career. The online MBA can also help you get a higher salary. The online MBA gives grad students a great return on their investment. The Bureau of Labor Statistics (BLS) says that MBA students will earn $20,000-$30,000 more a year than college graduates. Some MBA specializations have even higher wages. The BLS says MBA students with specializations like securities, commodities, and financial services can earn 90% more than college grads! The BLS says that market research analysts, marketing sales managers, and real estate managers all earned much more with an MBA. Research shows that online MBA students have the same salary range as in-person MBA students. This makes the online MBA a good investment.

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Can I do an MBA online free?

You can not earn an accredited MBA online for free. It is possible to get some advanced business education online. You may even be able to take some MBA level courses for free. Top Massive Open Online Course (MOOC) providers like Coursera and edX do offer some free online business courses. You can also take some free online MBA classes through top business schools. Schools like Columbia, Berkeley and the University of Chicago offer free online MBA courses. But it is not possible to earn an entire online MBA degree for free. Your online MBA will only be worth it if you earn it from an accredited college or university. All accredited colleges and universities charge some tuition for online MBA degrees.

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How can I get the best value from an online MBA?

You can get the best value from an online MBA by finding a school with a good reputation and an affordable online MBA degree. Schools like the University of North Carolina at Chapel Hill, University of Nebraska, Lincoln, and the University of Mississippi have top ranked online MBAs for $10,000 a year or less. You can get even better value with the top HBCU MBA Programs Online. You can get an online MBA from the top 9 HBCU programs for under $10,000 a year. You can even get an online MBA for $6,000 a year or less at excellent HBCUs like Fayetteville State University, Albany State University, and top-ranked Florida A&M.

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Are there ways to save money on an online MBA?

There are ways to save money on an online MBA by looking for a public school in your state. You can get an in-state tuition discount even if you go to classes online. Start by looking for an online MBA from a public university in your state.

Another way to save money on your online MBA is to look for an accelerated degree program. An accelerated online MBA degree program lets you complete your grad degree at a faster pace. You can save money by spending less time in your program.

You can also save money by getting into an online MBA program without paying for testing. Some MBA programs require you to take the GMAT exam. The GMAT only costs $250. But many students will pay for exam preparation too. Exam preparation companies like The Princeton Review charge nearly $2000 for classes. The good news is that you may not have to take the GMAT. You can save money and time by looking for the Best Online MBA No GMAT Required.

For an in-depth look at ways to save even more on your online MBA, check out 5 Ways to Make Online College Cheaper.

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