An online Master’s in Business Administration (MBA) degree can cost upwards of $10,000 per semester, but luckily that’s not always the case. Forty-one of the fifty-nine affordable online MBA programs on our list have base costs of less than $10,000 and cover concentrations from Finance to Agri-business to IT Management and more.
An MBA provides students with the knowledge, skill sets, and experience that make them desirable candidates for the most competitive of positions.
If you’re thinking of becoming an MBA student, you may want to look at online programs. Benefits include cheaper tuition, flexible scheduling, multiple start dates, a self-paced curriculum, mobility, and interactive learning tools. The schools on our list offer the cheapest online MBAs that can be completed from anywhere in the world.
The schools on our list of the Most Affordable Online MBA programs range in cost from $3,200 to $20,000, with the most inexpensive online MBA coming from the University of Texas of the Permian Basin College in Odessa Texas.
American Public University offers one of the most unique, affordable online MBA programs with a focus on Homeland Security Resource Allocation. For those looking for multiple concentrations from which to choose, Fort Hays State University, Oklahoma State University, and Liberty University offer many options.
As the tuition fee and expenses change, we advise you to check with each university for actual costs. All listed costs are estimates based on the most recent information of tuition rate and fees from each school or the school’s website.
Without further adieu, here are the most affordable online MBA programs for 2022.
Featured Online MBA Programs
Learn about start dates, transferring credits, availability of financial aid, and more by contacting the universities below.
Cheapest Online MBA Programs
#1 University of Texas of the Permian Basin College of Business and Engineering
The online MBA program at the University of Texas of the Permian Basin (UTPB) is accredited by the Association to Advance Collegiate Schools of Business. This program is ranked by U.S. News and World Report between #224-#295 Best Online MBA Program in the nation, and #256 Best Online Bachelor’s Program. The University of Texas of the Permian Basin prepares strong-thinking individuals for the business world. UTPB prides itself on maturing leaders who can flourish in any form of business or corporation setting. Admission into this top-tier program involves keeping a GPA of at least 3.25 and upon a good score on your Graduate Management Admission Test. Online students will take core courses that include accounting analysis, financial management, organizational behavior, and marketing management. It is the most affordable MBA program on our list.
#2 Cameron University School of Graduate and Professional Studies
Cameron University School of Graduate and Professional Studies is a top-tier secondary education and is a great choice for prospective students. The university is dedicated to helping you become the best MBA graduate and in your future profession. The school strives to provide excellence to every online MBA student in teaching, leadership, mentoring, and community outreach. The school of graduate and professional studies holds a mission statement to, “provide a diverse and dynamic student body the opportunity to acquire a wide range of knowledge and skills so they can contribute to their professions and enrich their lives.” This degree is perfect for those working or recent bachelor’s degree graduates who are looking to gain an advantage against other candidates in this competitive field. The faculty you’ll be learning under have been working in the business world for years. The hands-on experience and expertise you’ll gain will make you stand out amongst so many others including other graduate students.
#3 Georgia Southwestern State University School of Business Administration
Georgia Southwestern State University’s online MBA program is accredited by AACSB-International. The AACSB accreditation is the Association to Advance Collegiate Schools of Business. Niche.com ranks GSSU at #774 of Colleges with the best professors in America with an Overall Niche Grade of C+. Georgia Southwestern was ranked 17th on the Bestvalueschools.org list of The Best Value Schools of 2020. This is helped by the fact that the low in-state tuition is also available to residents of Alabama, Florida, North Carolina, South Carolina, and Tennessee. Georgia Southwestern State University educates students through a combination of expertise from world-class faculty and real-world experience within your communities. You’ll learn ethics, values, and multicultural influences that affect our market today. Admission into this program is competitive making it a more lucrative program to be accepted into and worthy of every MBA candidate to look into.
#4 Southeastern Oklahoma State University John Massey School of Business
Southeastern Oklahoma State University is dedicated to providing quality higher education that improves lives. The university holds a mission statement that, “provides an environment of academic excellence that enables students to reach their highest potential. By having personal access to excellent teaching, challenging academic programs, and extracurricular experiences, students will develop skills and habits that promote values for career preparation, responsible citizenship, and lifelong learning.” One of the exceptional programs offered at SOSU is its online MBA program. Within the online MBA program, students have the opportunity to choose between a multitude of different areas to study under including general business, accounting, entrepreneurship, management, healthcare information systems, marketing, and human resources. You’ll be taught by experts in the field of business and learn how to become a leader in an array of different roles and occupations. No matter which area of study is chosen, you can graduate in as little as 12 months and begin your career before any other graduate.
#5 Eastern New Mexico University College of Business
Portales, New Mexico
Eastern New Mexico University’s online MBA program is regionally accredited by the Association to Advance Collegiate Schools of Business. This affordable online MBA program was recently named one of the best online MBA programs in New Mexico by OnlineMBA.com. US News and World Report rank the Eastern New Mexico University College of Business in their Regional Universities West Rankings. ENMU has received numerous state, regional, and national awards. Eastern New Mexico University’s online MBA program is run by business professionals who are prepared to teach you in finance, entrepreneurship, marketing, and business research. Earning an MBA at ENMU will shape your future and create a lifetime of opportunities for advancement. Graduates have gone on to be human resource specialists, business operations specialists, business owners, and management analysts.
#6 Chadron State College School of Business, Entrepreneurship, Applied, and Mathematical Sciences and Sciences
With values of accessibility, collaboration, diversity, innovation, integrity, and student engagement it’s no wonder that Chadron State College is one of the best schools to earn an online MBA degree. Chadron State College holds a strong mission statement to, “continue as a learner-centered institution. We are committed to students through our focus on continuous improvement and excellence in teaching, applied scholarship, and service.” Students can earn their MBA degree 100% online with a cost of less than $15,000. No GMAT is required upon admission and degree length varies between 24 months and 18 months. While attending the program you’ll take courses in managerial accounting, corporate finance, business strategy, marketing management, high-performance leadership, organizational behavior, and legal/social environment of business. Feel confident continuing your career and becoming a stronger leader.
#7 Fayetteville State University School of Business and Economics
Fayetteville, North Carolina
Fayetteville State University’s online MBA program is regionally accredited by the Association to Advance Collegiate Schools of Business, the gold standard of business school accreditation. This award-winning online MBA program was recently tied for the #88 spot on U.S. News and World Report’s Best Online MBA Programs rankings. Princeton Review rates the Fayetteville State University School of Business and Economics in the Best Business Schools in the Southeast. This uniquely designed MBA program offers a multitude of concentrations to ensure individuals are studying their business interests. These concentrations include business intelligence/data analytics, entrepreneurship, finance, general business, healthcare management, international business, management, marketing, project management, and supply chain management. Each concentration is flexible to your needs so you won’t have to give up your career while advancing your knowledge.
#8 Texas A&M University Texarkana College of Business, Engineering, and Technology
Texas A&M University Texarkana is “dedicated to admitting a diverse group of highly-qualified students through recruitment efforts, campus tours and events, admission processing, and transitioning students into the Eagle family.” The online MBA program at Texas A&M University Texarkana has a few concentrations for graduates to choose from including an MBA in Energy Leadership, MBA in Information Technology, and an MBA in Supply Chain Management. The MBA program has a unique design in that they’ve partnered with local businesses and organizations within the community so they’re teaching up-to-date information and giving students the opportunity to practice in real-world situations. In 2020 College Census ranked this online MBA program as one of the most affordable online MBA programs in the nation. This program is perfect for individuals wanting to begin a career in business or if you’re looking to advance your career even further. You’ll be challenged and encouraged in ways that will make you stand out amongst other candidates within this competitive field.
#9 Fitchburg State University Business Administration Department
The online MBA program at Fitchburg State University’s Business Administration Department is not accredited by the Association to Advance Collegiate Schools of Business but the MBA program does hold accreditation from the IACBE. According to the U.S. News and World Report, Fitchburg ranks #245 among Best Online MBA Programs in the nation, #96 in Regional Universities North, and #29 among Top Public Schools. According to GradReports.com, 100% of student reviewers recommend this school, and 60% said their Fitchburg degree improved their career. StudentsReview.com awarded the school an overall “B-” for Education Quality and a “B” for Extracurricular Activities. Earning an MBA online from Fitchburg State University has never been easier and provides a freedom that other universities can’t. This MBA degree offers 6 different concentrations which consist of, accounting, healthcare management, human resources management, management, marketing, and supply chain management. This MBA program stands out for a multitude of reasons, one being that students can complete it in as little as 12 months, meaning you’ll graduate and kick-start your career before graduates from other universities. For those wanting a valuable investment, they choose Fitchburg State University.
#10 Texas A&M University Kingsville College of Business Administration
Texas A&M University–Kingsville’s online MBA programs are not accredited by the Association to Advance Collegiate Schools of Business while the school itself is accredited by ACBSP. This online MBA program recently tied for the #111 spot on U.S. News and World Report’s Best Online MBA Programs rankings. This program is one of only seven Texas programs ranked in U.S. News and World Report’s list of Top 100 online MBA programs. Forbes ranks TAMUK at #257 in public colleges and #185 in the south. Concentrations within their MBA program include accounting, business administration, economics, finance, information systems, management, and marketing. Depending on the subject of choice students will take differing courses, a few of these courses consist of, advanced auditing, energy finance, fundamentals of cybersecurity, global strategic management, and negotiations.