Brief Overview of Online Business Master's Degree Programs
Pursuing a Master's in Business online has become a popular choice for individuals looking to advance their careers without sacrificing work or personal commitments. These programs are designed to equip you with the strategic thinking and leadership skills necessary for the competitive business landscape. Here's what you need to know about Online Business Master's Degree Programs:
Affordability: Online programs often offer a more cost-effective option than their on-campus counterparts. Without the need for commuting or relocating, you can save on transportation and living expenses. Additionally, many schools offer competitive tuition rates for online students.
Program Outcomes: A key factor in choosing an online Master's program is the potential return on investment. Look for programs that boast strong job placement rates, salary increases, or promotions among their graduates.
Accessibility: One of the biggest draws of online education is the ability to access coursework from anywhere with an internet connection. This allows for a diverse learning environment with peers from various geographical locations and professional backgrounds.
Student Support Services: Quality online programs provide robust support services to ensure student success. This includes access to academic advising, career services, and technical support, mirroring the resources available to on-campus students.
Accreditation: Accreditation is critical when selecting an online business program. It serves as a stamp of quality and ensures that the program meets certain educational standards. Look for programs accredited by recognized bodies such as the Association to Advance Collegiate Schools of Business (AACSB).
Flexibility: Many online business programs offer asynchronous courses, allowing you to complete coursework on your own schedule. Some may also provide options for part-time enrollment or accelerated tracks to fit different timelines and learning paces.
Program Reputation: The reputation of a program can influence your career prospects. Rankings, alumni success stories, and employer recognition can all be indicators of a program's standing in the field of business education.
When considering an online Master's in Business, it is important to weigh these factors carefully against your personal and professional goals. By choosing a program that aligns with your needs and aspirations, you can maximize the benefits of your investment in higher education. Remember to conduct thorough research and consider reaching out to admissions counselors for more detailed information about specific programs.
Best Online Business Administration Master's Degree Programs in 2024
#1 in Best Online Business Administration Master's Degree Programs in 2024
Arkansas State University
Program Accredited By: Association to Advance Collegiate Schools of Business
Online Program Information:
Cost per Credit:
$500
Contact: admissions@astate.edu
Online Graduate Overall Median Earnings:
$77,292
Why We Picked It:
This program ranks highest due to its excellent balance of affordability ($514 per credit), program duration (can be completed in as few as 12 months), and AACSB accreditation. It offers a comprehensive and dynamic curriculum focused on domestic and worldwide business operations, including logistics and strategic management skills, making it highly accessible and promising for ROI given the median earnings and career progression opportunities.
#2 in Best Online Business Administration Master's Degree Programs in 2024
Georgia College & State University
Program Accredited By: Association to Advance Collegiate Schools of Business
Online Program Information:
Cost per Credit:
$739
Contact: admissions@gcsu.edu
Online Graduate Overall Median Earnings:
Not Provided
Why We Picked It:
Highlighted by its affordability (under $15,000 total for the program) and specific focus on Logistics and Supply Chain Management, this AACSB-accredited program is uniquely positioned due to its long-standing history (over 40 years) and focus within Georgia, a state with a significant economic impact from the logistics industry. Accessibility is high with a fully online format and prioritized admissions for those meeting specific requirements.
#3 in Best Online Business Administration Master's Degree Programs in 2024
University of South Dakota
Program Accredited By: Association to Advance Collegiate Schools of Business
Online Program Information:
Cost per Credit:
$470
Contact: gradadmissions@usd.edu
Online Graduate Overall Median Earnings:
$95,269
Why We Picked It:
USD's Business Administration graduate programs offer a specialization in Operations and Supply Chain Management among others, with the appeal of AACSB accreditation and a high median earnings potential for graduates. The program emphasizes analytical and ethical problem-solving skills, paired with personalized advisement. Its offer of tuition advantages through the WRGP makes it an accessible and affordable choice for students in the Western U.S.
#4 in Best Online Business Administration Master's Degree Programs in 2024
Liberty University
Program Accredited By: Accreditation Council for Business Schools and Programs
Online Program Information:
Cost per Credit:
$565
Contact: admissions@liberty.edu
Online Graduate Overall Median Earnings:
$72,387
Why We Picked It:
This program shines due to its 100% online delivery model with flexible 8-week formats, accreditation from SACSCOC, and significant military benefits, making it highly accessible to both veterans and active service members. With transfer credits accepted (up to 50% of the degree), it also presents a flexible option for students. The program's curriculum is designed to improve critical thinking, leadership, and management skills, aiming for advanced training in supply chain management.
#5 in Best Online Business Administration Master's Degree Programs in 2024
Oregon State University
Program Accredited By: Association to Advance Collegiate Schools of Business
Online Program Information:
Cost per Credit:
$868
Contact: ecampus@oregonstate.edu
Online Graduate Overall Median Earnings:
$81,952
Why We Picked It:
Characterized by its flexibility for working professionals and AACSB accreditation, Oregon State University’s program does not impose additional charges for nonresident students, making it more accessible financially. It offers a rich curriculum with several tracks including Supply Chain and Logistics Management. Despite its higher cost per credit ($868), the program’s recognition for career success and upward mobility contributes to its value.
Top Career Paths by Salary for Business Administration in 2024
| Career | Annual Median Salary | Hourly Median Salary |
|---|---|---|
| Information Systems Manager | $164,070 | $78.88 |
| Marketing Manager | $140,040 | $67.33 |
| Product Manager | $140,040 | $67.33 |
| Purchasing Manager | $131,350 | $63.15 |
| Compensation and Benefits Manager | $131,280 | $63.11 |
| Business Development Manager | $130,600 | $62.79 |
| Sales Manager | $130,600 | $62.79 |
| Human Resources Manager | $130,000 | $62.5 |
| Advertising Manager | $127,830 | $61.46 |
| Economist | $113,940 | $54.78 |
| Health Services Manager | $104,830 | $50.4 |
| Logistics Manager | $98,560 | $47.39 |
Data sourced From O*NET OnLine by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA).
#6 in Best Online Business Administration Master's Degree Programs in 2024
Saint Leo University
Program Accredited By: Southern Association of Colleges and Schools Commission on Colleges
Online Program Information:
Cost per Credit:
$780
Contact: admissions@saintleo.edu
Online Graduate Overall Median Earnings:
$70,283
Why We Picked It:
Saint Leo's program stands out for its curriculum that covers strategic supply chain integration, dynamic risk modeling, and lean/Six Sigma principles among other aspects. Offering both a traditional and accelerated format, and the Next-Level Grad Award for financial aid, it's positioned well for students seeking flexible and comprehensive education in supply chain management. However, its higher cost per credit ($780) slightly impacts its affordability.
#7 in Best Online Business Administration Master's Degree Programs in 2024
Bethel University
Program Accredited By: Accreditation Council for Business Schools and Programs
Online Program Information:
Cost per Credit:
$650
Contact: gs@bethel.edu
Online Graduate Overall Median Earnings:
Not Provided
Why We Picked It:
The unique partnership with MITx for the Supply Chain Management MicroMasters program, combined with 12 credits towards the MBA degree, offers a compelling and rigorous academic experience. Though not the most affordable option at $650 per credit, the flexible online or blended study modes and comprehensive core MBA courses, make it a strong choice for students seeking an industry-validated program. The program’s innovative structure and real-world applicability promise a solid potential return on investment.
#8 in Best Online Business Administration Master's Degree Programs in 2024
University of Dallas
Program Accredited By: Association to Advance Collegiate Schools of Business
Online Program Information:
Cost per Credit:
$1,250
Contact: admissions@udallas.edu
Online Graduate Overall Median Earnings:
$96,431
Why We Picked It:
Despite its high cost per credit ($1250), the University of Dallas offers a specialized concentration in Supply Chain Management in collaboration with the Quinlan School of Business at Loyola University Chicago. The program benefits from high recognition and industry integration, providing students with critical skills and insights. Its national ranking and expert faculty contribute to its reputation, and the curriculum is aligned with Gartner's Supply Chain Talent Attribute Model, enhancing its appeal for career advancement despite being the most expensive option listed.
Typical Tasks for Careers in Business Administration
Act as an intermediary in negotiations between buyers and sellers over property prices and settlement details and during the closing of sales.
Advise clients on aspects of capitalization, such as amounts, sources, or timing.
Advise licensees or other individuals or groups concerning licensing, permit, or passport regulations.
Advise managers on organizational policy matters, such as equal employment opportunity and sexual harassment, and recommend needed changes.
Agree on buying or selling prices at optimal levels for clients.
Analyze and modify compensation and benefits policies to establish competitive programs and ensure compliance with legal requirements.
Technologies and Skills Used for Careers in Business Administration
Accounting software
Analytical or scientific software
- Data visualization software
- Google Analytics
Basic Skills
- Listening to others, not interrupting, and asking good questions
- Reading work related information
What Jobs Can You Get With an Online Business Master's Degree?
Earning an online Business Master's degree opens a plethora of career opportunities across various industries. With the flexibility and comprehensive curriculum that online programs offer, you can look forward to positions that require advanced business knowledge, leadership skills, and strategic thinking. Let's explore some of the roles you might pursue after completing your degree:
Management Consultant: As a management consultant, you'll provide expert advice to help organizations improve their performance by solving problems and finding new and better ways of doing things. It's not just about giving advice — as a consultant, you will also help businesses implement your suggestions.
Financial Analyst: Financial analysts are experts at reviewing financial data and using their findings to help companies make business decisions. Most notably, they analyze trends in business practices and products to determine their success and sustainability.
Marketing Manager: Utilize your expertise to plan, direct, and coordinate marketing policies and programs. You'll determine the demand for products and services offered by a firm and its competitors, identifying potential customers.
Human Resources Manager: In this role, you'll oversee the recruiting, interviewing, and hiring of new staff; consult with top executives on strategic planning; and serve as a link between an organization's management and its employees.
Health Services Manager: Healthcare is a business, and with your master's degree, you can work as a health services manager to plan, direct, and coordinate medical and health services in hospitals, clinics, managed care organizations, public health agencies, or similar organizations.
Supply Chain Manager: Oversee product lifecycle from acquisition to distribution. Supply chain managers ensure products are delivered efficiently and cost-effectively. This role often involves working closely with suppliers to manage logistics.
Information Technology (IT) Director: In this high-demand field, IT directors oversee the computing strategy of an organization, including the implementation of technology-related policies and goals.
Chief Executive Officer (CEO): For those with an entrepreneurial spirit or high-level executive ambitions, becoming a CEO is the pinnacle. You'll make critical corporate decisions, manage the overall operations and resources of a company, and be the main point of communication between the board of directors and corporate operations.
Each of these roles requires not only a solid understanding of business principles but also strong leadership skills and strategic thinking — all of which are emphasized in online Business Master's degree programs. Additionally, many programs are designed to accommodate working professionals, allowing for practical application of skills learned in real-time.
To further investigate these career paths or to get more information on job outlooks and requirements, authoritative resources such as the U.S. Bureau of Labor Statistics offer valuable insights.
Remember, the specific job you can get may depend on your previous work experience, the specialization of your Master's program, and your professional network. A Master's degree in Business not only equips you with advanced knowledge but also signals to employers your dedication to advancing your career and contributing at a higher level within your chosen field.
Frequently Asked Questions (FAQs) About Online Business Master's Degree Programs
What are the benefits of pursuing an Online Business Master's Degree?
- Flexibility: Balance your studies with work and personal commitments.
- Accessibility: Study from anywhere with an internet connection.
- Variety of Specializations: Choose from concentrations like marketing, finance, or entrepreneurship.
- Career Advancement: Enhance your resume and potentially increase your earning power.
- Networking Opportunities: Connect with peers, faculty, and industry professionals.
Can I trust the quality of an online business master's program?
- Accreditation: Look for programs accredited by recognized bodies such as AACSB or ACBSP.
- Reputation: Research the program’s reputation and read student reviews.
- Faculty Credentials: Ensure that courses are taught by experienced professors.
- Student Support Services: Check if the program offers comprehensive support for online learners.
How do I choose the right online business master's program for me?
- Program Outcomes: Investigate the success rate of graduates.
- Cost: Consider tuition fees and financial aid options.
- Curriculum: Ensure the program covers topics relevant to your career goals.
- Flexibility: Look for programs that offer asynchronous courses or flexible scheduling.
- Technology: Confirm that the program uses up-to-date learning platforms.
What should I expect in terms of workload and time commitment?
- Course Load: Expect to spend 10-20 hours per week on coursework per course.
- Program Length: Most programs require 1-3 years to complete, depending on full-time or part-time enrollment.
- Assignments: Be prepared for a mix of readings, discussions, projects, and exams.
How does the proprietary algorithm rank online business master's programs?
- Affordability: Evaluates tuition costs relative to the value offered.
- Program Outcomes: Assesses graduate success rates and employment statistics.
- Accessibility: Considers ease of access to course materials and resources.
- Student Support Services: Looks at academic advising, career services, and technical support.
- Accreditation: Prioritizes programs with reputable accreditation statuses.
- Flexibility: Ranks programs based on their ability to accommodate various student schedules.
- Program Reputation: Weighs public perception and recognition within the academic and business communities.
Are there opportunities for networking in an online business master's program?
- Virtual Events: Many programs host webinars, guest speaker series, and virtual networking events.
- Discussion Forums: Online platforms often facilitate peer-to-peer and student-to-instructor interactions.
- Alumni Networks: Access to a school's alumni network for long-term professional relationships.
What kind of support can I expect from an online business master's program?
- Technical Support: Assistance with online learning platforms and technology issues.
- Academic Advising: Guidance on course selection and academic progress.
- Career Services: Help with resume writing, interview preparation, and job placement.
Will employers value my online business master's degree as much as a traditional one?
- The perception of online degrees has significantly improved, especially when obtained from an accredited and reputable institution. Employers are increasingly recognizing the validity and rigor of online education, particularly when candidates demonstrate the skills and knowledge needed in their field.