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Top 25 Most Affordable Online MBA Programs 2018

Are you looking to earn an MBA online on a budget? Look no further. The programs highlighted on this page are all offered online and offer an affordable tuition. MBA programs teach students many skills that help them earn promotions, change careers, or obtain high-level business positions. Some graduates may even have the skills to start their own business, since many programs cover financial and accounting topics. Most MBA programs can be completed in about two years. Some schools on this list offer accelerated options which allow students to earn their degree in even less time. Part-time learners will often take longer than the average of two years, but online programs are ideal for learners who must maintain work and family responsibilities.

For more information on MBA programs, check out our Top 50 MBA Program Super Ranking, Top 50 Affordable MBA Programs, and the Top 50 Online MBA Program Super Ranking.

Methodology

This ranking is designed to find the best and most affordable online Master’s of Business Administration degrees available. A list of over 470 schools was obtained and evaluated first on their MBA program’s distance format. Then each program was vetted based on their accreditation. Accreditation directly affects a degree’s value and program brand recognition, and thus the competitive advantage of each alumni in the job market. Every program included in this ranking is regionally accredited by one of the six accrediting agencies recognized by the US Department of Education, and additionally holds an accreditation by one of the top three business school accrediting institutions: IACBE, ACBSP, and AACSB-International. Then the ranking order is 100% reliant upon the estimated tuition cost of the program. The tuition information was gathered from the most recent data available on each online MBA program or school website. This financial data was calculated for the entirety of the degree, but does not included fees, books, or room and board, with the exception of programs that only offer all-inclusive figures. In the event that a school offers a lower in-state tuition cost, the in-state pricing was used. The average tuition cost from this affordability ranking is $10,239.

#1 Texas A&M University-Kingsville College of Business Administration – Kingsville, Texas


Texas A&M University-Kingsville’s College of Business Administration offers the most affordable online MBA program in the nation. This MBA tops list by not only offering a program with a low tuition cost, but one that offers an excellent business education as well.

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This online MBA consists of 21 core credits and nine elective credits. Students will take courses in economics and managerial decision making, information systems and business analytics, accounting and value creation, and marketing management. This is one of the cheapest online MBA programs. Each course is worth three credits. The courses in this program prepare students for advanced business positions. Graduates are prepared for managerial roles.they live this mission out by serving an ethnically and culturally diverse community and by placing an emphasis on challenging educational programs that reflect high standards of academic performance.

Estimated Program Tuition: $5,380

#2 Angelo State University College of Business – San Angelo, Texas


The College of Business at Angelo State University offers an affordable and highly accredited online Master’s of Business Administration. This program stands out with a commitment to accessibility, affordability, and flexibility.

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Angelo State offers one of the cheapest online MBA programs. Students can complete the program in a hybrid or completely online format. Most students must have at least a 2.5 GPA to apply. Learners will take courses in accounting, marketing, management, finance, economics, law, data analytics, and management information systems. Full-time students can complete the program in about two years. Angelo State is located in San Angelo, Texas. Graduates are prepared high-level business positions, and professionals will leave with the skills for possible promotion.

Estimated Program Tuition: $6,426

#3 Fayetteville State University College of Business and Economics – Fayetteville, North Carolina


The College of Business and Economics at Fayetteville State University offers an exceptional online Master’s of Business Administration. This program stands out in our ranking as the most affordable program with the elite AACSB business accreditation.

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Students who earn this MBA, which is considered one of the cheapest online MBAs, con choose between multiple concentrations. All kinds of students can apply to this program, including international and military learners. Concentration include general business, healthcare management, business intelligence and data analytics, international business, and marketing. MBA graduates can also earn a graduate certificate through the school. Some applicants may need to submit GMAT or GRE scores. Some students may apply for a waiver.

Estimated Program Tuition: $6,591

#4 Augusta University James M. Hull College of Business – Augusta, Georgia


Augusta University’s James M. Hull College of Business offers a highly regarded online Master’s of Business Administration. This online MBA is a smart choice for the professional student looking for flexibility, affordability, and excellence in curriculum.

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MBA students at Augusta University must complete at least 30 credits to graduate, which takes one to two years. Part-time students may take longer to complete the program. Students have the option to complete this program on campus and through a hybrid format as well. Required courses include accounting systems, national and international economics, managerial finance, organization behavior, managerial leadership, and marketing management. The University is located in Augusta, Georgia. Graduates leave the program with critical-thinking skills that allows them to obtain advanced business positions.

Estimated Program Tuition: $6,660

#5 University of North Carolina at Pembroke School of Business – Pembroke, North Carolina


The School of Business at the University of North Carolina at Pembroke offers a 36-credit hour online Master’s of Business Administration. This online MBA sits as one of the best in the country, combining educational excellence, accessibility, and affordability.

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UNC – Pembroke offers multiple accelerated online MBAs, which are considered some of the cheapest online MBAs in the state. Learners can earn this MBA with a concentration in supply chain management, financial services, and business analytics. Students have the ability to complete this program in one year, and all requirements can be completed online. The general curriculum teaches students accounting and finance skills. Graduates are prepared for many business careers, and each concentration better prepares for more specialized ones.

Estimated Program Tuition: $6,741

#6 Tarleton State University College of Business Administration – Stephenville, Texas


Students can earn a well respected and fully online Master’s of Business Administration degree from the College of Business Administration at Tarleton State University. This MBA offers affordability with high business accreditation, making it a great choice for the budget conscious student.

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Tarleton State is a member of the Texas A&M university system, and the school is located in Stephensville, Texas. Students in the MBA program, which is one of the cheapest online MBAs in Texas, learn leadership, decision-making, and critical-thinking skills. Learners will take courses in business problems, business research methods, accounting management, and managing information systems. A fast track option is available, which allows students to complete the program in one years; the traditional track takes about 18 months.

Estimated Program Tuition: $7,013

#7 Georgia Southwestern State University School of Business Administration – Americus, Georgia


Students at Georgia Southwestern State University can earn an accredited online Master’s of Business Administration degree through the School of Business Administration. This elite program made our list because of their budget friendly tuition and high academic standards.

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As one of the cheapest online MBAs, students are able to save on tuition and still earn a quality education at Georgia Southwestern. Learners must earn a minimum of 30 semester credits. Admission requirements include taking courses in accounting, business statistics, business finance, and principles of management. Some applicants may need to submit GMAT scores. The university is located in Americus, Georgia.

Estimated Program Tuition: $7,710

#8 Louisiana Tech University College of Business – Ruston, Louisiana


The College of Business at Louisiana Tech University includes a professional online MBA program. This online Master’s of Business Administration program is a great choice for students because of its exceptional value.

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Louisiana Tech’s online MBA does not offer any concentration, but is still considered one of the cheapest online MBAs. Students can also take this program in a hybrid format. Online courses include accounting analysis for decision making, financial management, information resource management, marketing management, and organizational behavior. The school is located in Ruston, Louisiana. Students may be required to submit GMAT scores. Undergraduate applicants should have a GPA of at least 2.75

Estimated Program Tuition: $7,740

#9 West Texas A&M University College of Business – Canyon, Texas


West Texas A&M University is a distinguished member of the Texas A&M University system. The university’s online MBA program stands out from the multitude of programs across the country because of their low tuition cost, accreditations, and high educational standards.

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West Texas A&M University offers an online MBA that requires applicants to have at least a 3.0 GPA. Depending on what emphasis students choose, they will have to earn between 31 and 46 credits to graduate. The core MBA courses consist of 28 credits. Core subjects include accounting, quantitative analysis, computer applications, and more. Core courses include accounting for decision making, quantitative analysis in business, information technology management, and financial management. Emphases include general business, computer information systems, management, and marketing.
Estimated Program Tuition: $7,742

#10 Henderson State University College of Business – Arkadelphia, Arkansas


Henderson State University’s College of Business features a 100% online Master’s of Business Administration program. This exceptional MBA was selected for our ranking because of their high accreditations and budget conscience tuition.

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The MBA program from Henderson State University is one of the cheapest online MBAs. Students must complete at least 32 credits to graduate. Three concentrations are offered; students can earn a general MBA, a concentration in accounting, and a concentration in public and nonprofit management. Most applicants are expected to have taken some courses in business. Full-time students can complete the program in about one year, but they will be required to complete some coursework on campus; 70% of the program is completely online.

Estimated Program Tuition: $8,070

#11 Eastern New Mexico University College of Business – Portales, New Mexico


The College of Business at Eastern New Mexico University offers a convenient and accredited online Master’s of Business Administration degree. This program made a great addition to our list because of their economical tuition and quality.

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Eastern New Mexico University’s online MBA is offered entirely online, and it’s also considered one of the cheapest online MBAs. This program is accredited by the Accreditation Council for Business Schools and Programs. Graduates are prepared to find work as entrepreneurs, operations managers, marketing managers, financial officers, and business operations specialists. Students will complete 11 core courses, which equates to 30 credits. Core courses include accounting, managerial research analysis, integrative strategic management, managerial economics, managerial finance, and leading human resources.

Estimated Program Tuition: $8,077

#12 Texas A&M International University A. R. Sanchez, Jr. School of Business – Laredo, Texas


At Texas A&M International University, students from all backgrounds and stages of life can earn a convenient and fully online Master’s of Business Administration degree. This program is a great choice for students because of their esteemed accreditations and excellent value.

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TAMIU offers multiple online MBA programs to online students. Students can earn an MBA in management, international banking and finance, international business, and international trade and logistics. Each program requires students to earn at least 30 credits and takes about 15 months for full-time learners to complete. As one of the cheapest online MBAs, TAMIU charges around $10,000 for each program if you’re an in-state student. All programs are AACSB accredited. Most applicants will need a minimum GPA of 3.0. Core courses for the management concentration include business research methods, strategic management, financial statements analysis, managerial economics, and financial management.

Estimated Program Tuition: $8,220

#13 University of Texas of the Permian Basin College of Business – Odessa, Texas


UT Permian Basin is a proud member of the University of Texas University system. This dynamic online MBA program was selected for our ranking because of their reputation for excellence and economical tuition costs.

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UTPB’s online MBA can be completed in about one year. Multiple concentrations are offered which require students to earn more credits, but the general MBA requires 30-36 credits. Emphases include finance and accounting. Applicants can get the GMAT requirement waived if they have at least a 3.25 GPA. The program is AACSB accredited. General MBA courses include accounting analysis, financial management, production and operation management, organizational behavior, and marketing management. Graduates are prepared for high-level business positions.

Estimated Program Tuition: $8,310

#14 Midwestern State University Dillard College of Business Administration – Wichita Falls, Texas


The Dillard College of Business Administration at Midwestern State University offers a dynamic online Master’s of Business Administration degree. In addition to affordability, this MBA is a great choice for students because of their program flexibility and overall prestige.

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Midwestern State University, located in Wichita Falls, Texas, offers an online MBA. The program is AACSB accredited. Most courses are three credits. Online MBA courses consist of cost analysis and control, advanced applied business analytics, applied business statistics, and managerial economics. Graduates are prepared for many business positions; some will go on to start their own business, while others will become managers.

Estimated Program Tuition: $8,340

#15 Arkansas State University – Jonesboro, Arkansas

Arkansas State University offers a well respected online Master’s of Business Administration degree. This program makes an excellent addition to our list because of their affordability and flexible program options.

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Arkansas State University’s online MBA is perfect for working professionals or those with other responsibilities. Applicants will need to submit GMAT or GRE scores. Prerequisite courses include survey of accounting, survey of law, and survey of statistics. Students must complete at least 33 credits. This consists of 27 core hours and six hours of electives. Concentrations include supply chain management and finance.

Estimated Program Tuition: $8,520

#16 New Mexico State University College of Business – Las Cruces, New Mexico


The College of Business at New Mexico State University offers a highly accredited Master’s of Business Administration degree. This program made our list because of their outstanding value and academic excellence.

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New Mexico State University offers an online MBA that can be completed in about two years. Coursework is offered synchronously and through a hybrid format. Students must complete at least 36 credits. Applicants should have already completed some business courses. Learners will complete about 12 courses, which includes managerial accounting, business information systems, legal environment of business, management economics, and organization behavior and management. The program will accept up to nine credits from transfer students.

Estimated Program Tuition: $8,780

#17 Prairie View A&M University College of Business – Prairie View, Texas


Students of Prairie View A&M University’s College of Business can earn a highly recognized Master’s of Business Administration degree. This online MBA stands as a top-notch program with incredible affordability, flexibility, and commitment to high academic standards.

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PVAMU offers one of the cheapest online MBAs. The program teaches students many of the critical skills that are necessary to obtain high-level management positions. Graduates are also prepared to start their own business and become entrepreneurs. The program is AACSB accredited. Courses consist of managerial accounting, managerial communications, management information systems, theory of financial management, and quantitative analysis. Students can begin in the summer, fall, or spring.

Estimated Program Tuition: $9,001

#18 Texas Woman’s University School of Management – Denton, Texas


Students enrolled in Texas Woman’s University’s School of Management can earn a well respected online Master’s of Business Administration degree. This program earned its place on our ranking due to their high return on investment potential and flexible format options.

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Texas Women’s University offers five online MBAs through a hybrid format. Students can earn the degree with a concentration in accounting, business analytics, healthcare administration, human resources management, or management. The accounting concentration can be completed in 15 months. Courses are completed in five-week formats. Learners have the option of earning a four-plus-one MBA, which allows them to earn their BBA along with their MBA. Graduates are prepared to become financial managers, top executives, person financial advisers, and managements analysts. No GMAT or GRE scores are required for admission. Learners can begin in the fall, spring, or summer.

Estimated Program Tuition: $9,344

#19 Missouri State University College of Business – Springfield, Missouri


Missouri State University’s College of Business offers a well respected online Master’s of Business Administration degree with a variety of additional certificate options. This program was selected for our ranking because of their excellent accreditations and overall value.

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Missouri State University’s online MBA can be completed completely online. Tuition is the same for in-state and out-of-state learners. Most students must submit GRE or GMAT scores. Students with a 3.25 GPA can get the GMAT and GRE scores waived. The curriculum contain 18 hours of core courses. This includes courses in accounting concepts, fundamentals of economics, managerial finance, statistical methods, and legal environment for business managers.

Estimated Program Tuition: $9,405

#20 University of the Cumberlands Hutton School of Business – Williamsburg, Kentucky


The University of the Cumberlands’ Hutton School of Business offers a top-notch online Master’s of Business Administration. This program stands out as not only one of the most affordable in the nation, but that also offers a curriculum that is highly accredited.

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University of the Cumberlands offers one of the cheapest online MBAs. Online MBA concentration include accounting, business analytics, project management, strategic management, and entrepreneurship. Each concentration requires learners to earn at least 36 credits. Graduates are prepared for careers as management analysts, plant managers, presidents, and construction managers. The program consists of core courses and business electives. Learners learn the skills that allow them to earn positions in higher levels of business.

Estimated Program Tuition: $9,450

#21 University of Nebraska at Kearney College of Business and Technology – Kearney, Nebraska


Students at the University of Nebraska at Kearney can earn an accredited Master’s of Business Administration degree through the College of Business and Technology. This program made a great addition to our list because of their competitive pricing and high quality of education offered.

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UNK’s online MBA is a mixture of online and on-campus courses. The program is AACSB accredited and consists of 33 credits. Core classes include managerial accounting systems, financial administration, leadership and organizational behavior, and strategic analysis and decision making. Most courses are worth three credits. Program concentration include accounting, human resources, human services/nonprofit management, and marketing.

Estimated Program Tuition: $9,669

#22 University of Houston-Victoria School of Business Administration – Victoria, Texas


The University of Houston-Victoria is a member of the elite University of Houston system. Students can earn an accredited and respected online Master’s of Business Administration degree through the School of Business Administration.

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University of Houston offers four online MBA programs, which are considered some of the cheapest online MBA degrees. Offerings include a bridge global MBA, a global MBA, a bridge strategic MBA, and a strategic MBA. All programs can be completed completely online. Students must earn 36 to 39 credits, and boths programs can also be completed in about 18 months. Both programs are also AACSB accredited.

Estimated Program Tuition: $9,686

#23 New Mexico Highlands University School of Business, Media and Technology – Las Vegas, New Mexico


The School of Business, Media and Technology at New Mexico Highlands University offers students an accredited online Master’s of Business Administration degree. This program is an excellent choice for students because of their affordability, flexibility, and variety of concentration options.

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New Mexico Highland University’s online MBA program consists of 36 credits, and is also one of the cheapest online MBAs. Students who do not meet the prerequisite requirements must finish them before being accepted into the program. Graduates are prepared for positions of leadership. They are also prepared to work for nonprofits. Students will partake in case studies. Applicants must have at least a 3.0 GPA.

Estimated Program Tuition: $9,721

#24 University of Central Arkansas College of Business – Conway, Arkansas


The University of Central Arkansas offers an accredited Master’s of Business Administration degree that can be completed 100% online. This MBA program offers a high value to working students with their excellent accreditations and convenient delivery options.

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Applicants to the University of Central Arkansas’ online MBA must submit GMAT or GRE scores and have an undergraduate GPA of at least 2.75. Learners must complete at least 30 credits to graduate, which consists of 21 credits of core courses and nine credits of electives. Courses include information technology manager, financial decision making, marketing strategy, strategic management, and operation management. Elective include fundamentals of risk and insurance, bank management, investments, international finance, and project management.

Estimated Program Tuition: $9,750

#25 Southern Arkansas University David F. Rankin College of Business – Magnolia, Arkansas


Students can earn a well respected and fully online Master’s of Business Administration degree from the Rankin College of Business at Southern Arkansas University. This program is a great choice for students across the country because of their affordability, excellent accreditations, and flexible format.

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Southern Arkansas University, which offers one of the cheapest online MBAs, offers an online MBA that requires students to earn 30 credits. Most students take about two years to complete the whole program. In-state students pay a lower tuition than out-of-state students. Learners will take courses in accounting, finance, management, and marketing. Graduates are effective communicators and prepared to lead businesses.

Estimated Program Tuition: $9,960

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