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Most Affordable Online Colleges for MBA Programs

most_affordable_online_colleges_mba_programsIf you’re looking to begin a career in business or advance in your career then getting an MBA is the next step. Earning an MBA not only makes you a more hirable candidate but will teach you crucial and diverse skills to aid in your achievement. A career in business is ever-changing, you’ll deal with different tasks and problems every day. This kind of fast-paced environment is great for people who have quick wits, and creativity.

Having an MBA degree is nothing without earning it from the right school. We’ve taken the time to rank the most affordable online colleges for an MBA degree. All of these universities promise to value your time and teach you the essential components of the business world. You’ll have the opportunity to work with other individuals as a team, pitch ideas, and practice marketing. You’ll feel confident graduating from one of these colleges and feel proud of all that you accomplished.


All schools considered for these rankings

  • Are regionally or nationally accredited
  • Offer at least one fully online MBA degree (with no more than two weeks of required in-person work)
  • Were collected from official accrediting agency websites.

Schools are ranked solely by the average net price as released in the most recent IPEDs database collected in 2020

2021 Most Affordable Online Colleges for an MBA Degree

#1 Grantham University $8,684
#2 The University of Texas of the Permian Basin $9,632
#3 Columbia Southern University $9,910
#4 Eastern New Mexico University-Main Campus $10,325
#5 Midwestern State University $10,764
#6 Clayton State University $11,160
#7 Albany State University $13,066
#8 Southeast Missouri State University $13,113
#9 West Texas A & M University $13,185
#10 Georgia Southwestern State University $13,206
#11 Wayne State College $13,454
#12 Valdosta State University $14,278
#13 Alcorn State University $14,352
#14 Aspen University $14,492
#15 University of Central Arkansas $14,723
#16 Wichita State University $14,876
#17 Western Illinois University $15,970
#18 Missouri State University $16,526
#19 Abraham Lincoln University $18,454
#20 William Woods University $21,098
#21 Union College – KY $21,586
#22 University of the Potomac $27,063

10 Best Affordable Colleges for an Online MBA Degree

1. Grantham University

Average Net Price: $8,684

School Type: For-Profit
School Accreditation: DEAC
Acceptance Rate: 1,352

Grantham University was founded upon the values of building an innovative and diverse community. These values have brought over 16,000 students to their university where they’ve found a home in their education. Grantham University has the advantage of being an all-online 4-year college. Choosing to attend an online university gives way to working full-time, having a family, and tending to all other responsibilities.

Grantham University offers three different online MBA programs that individuals can achieve. These include Business Administration in Information Management, Business Administration in Project Management, and a General Business Administration program. All three of these programs are designed to bring out the leader in each individual. You’ll become an expert in economics, ethics, and strategic marketing. These programs will set you on track to advance in your career.

2. The University of Texas of the Permian Basin

Average Net Price: $9,632

School Type: Non-Profit
School Accreditation: SACS COC
Acceptance Rate: 1,090

Established in 1969, The University of Texas of the Permian Basin has made it their mission to create a university where students feel they belong.  The institute brings a diverse community that allows for student-centered learning and research for a more engaging learning experience for all students. Attending UTPB will open your mind to challenging the boundaries of what you thought you knew.

The University of Texas of the Permian Basin has an exceptional online MBA program that advances each student into leadership roles. What makes this MBA program so unique from other universities is the strategic business techniques taught to graduates that employers value. You’ll become well-rounded as you take classes such as financial management, the legal environment of business, and international business. Graduating with an MBA from UTPB will aid in your success in leading any corporation or business.

3. Columbia Southern University

Average Net Price: $9,910

School Type: For-Profit
School Accreditation: DEAC
Acceptance Rate: 5,859

Located in warm Orange Beach, Alabama, Columbia Southern University is home to more than 31,000 students. CSU is dedicated to building life-long relationships, these relationships are founded on providing an extraordinary student atmosphere and a diverse learning experience. Columbia Southern University is an online-based university impacting lives by helping individuals reach a higher potential.

Columbia Southern University understands the business world is ever-evolving and prepares its students for these changing climates. You’ll be educated on different behavior techniques to be successful and contribute to research that will gain you the necessary skills needed for a business career. CSU gives student’s an opportunity to specialize their MBA program to certain aspects of business they’re interested in pursuing. These concentrations consist of finance, sport management, information technology, and so much more. You’ll find exactly what you need in an MBA degree at Columbia Southern University.

4. Eastern New Mexico University-Main Campus

Average Net Price: $10,325

School Type: Non-Profit
School Accreditation: HLC
Acceptance Rate: 1,305

Eastern New Mexico University was built on the idea of creating a community of active learners and rich educators. Today they uphold that standard with a current student population of 5,268. ENMU has an average tuition of $10,325 making it more expensive but it’s a guarantee that graduating from ENMU will leave you with the knowledge and achievement you desire. This has been proven time again as they keep a student satisfaction rate of 97%.

ENMU is ranked number 22 on the nation’s fastest-growing master’s programs, with one of their most popular programs being their MBA degree. In this degree program, you’ll be exceptionally trained on all essential aspects of business, and see growth in your managerial skills. ENMU designed its MBA program to help students either step-up in their career or for students to gain a more advanced job opportunity. This MBA program is accredited by the Accreditation Council for Business Schools and Programs.

5. Midwestern State University

Average Net Price: $10,764

School Type: Non-Profit
School Accreditation: SACS COC
Total Graduate Enrollment: 730

Midwestern State University was founded in 1922 in Wichita Falls, Texas. Today the university is home to more than 11,000 students with 719 of them being graduate students. The values they instill into their students consist of social justice, critical thinking, and emotional/physical well-being. These important attributes are what help students reach their highest potential at Midwestern State University.

Business is a rapidly changing field that requires somebody who can think fast on their feet. The MBA program at Midwestern State University was designed to bring out the best skills needed for individuals to advance and make more money in their careers. The College of Business at Midwestern State University is an accredited member of The Association to Advance Collegiate Schools of Business. This accreditation assists in students graduating with highly employable skills more desired by employers than graduates at non-accredited schools.

6. Clayton State University

Average Net Price: $11,160

School Type: Non-Profit
School Accreditation: SACS COC
Total Graduate Enrollment: 441

Clayton State University was established in 1969 with a mission to provide a rich education to assist in individuals reaching their highest potential. Students at CSU value the exceptional faculty, smaller class sizes, and positive campus life.  The university makes it a priority to give individualized time to each student. You’ll feel confident in what you’re learning, and be able to call Clayton State University home.

The university knows that while achieving a master’s degree your time is valuable, with this thought in mind they’ve created an MBA program that works around your schedule. Students can expect to graduate with an MBA in as little as 12 months, sometimes a little longer depending on what concentrations students earn. In this degree, you’ll learn real word experience and have opportunities to work as a team.

7. Albany State University

Average Net Price: $13,066

School Type: Non-Profit
School Accreditation: SACS COC
Total Graduate Enrollment: 370

Located in Albany, Georgia, Albany State University was founded in 1903 to serve its students and community. The university makes it a goal to educate diverse students who will elevate their communities.  Albany State University has the vision to deliver a creative and enriched education that will enhance research opportunities for its students.

The MBA degree at Albany State University is a rigorous program that will challenge you to a higher understanding. The program’s fundamental goal is to “develop professional managers/leaders capable of making valuable contributions to the system of diversity and growth of their chosen organizations.” While earning a degree you’ll take classes such as accounting analysis for decision making, economics for managers, and organizational behavior.

8. Southeast Missouri State University

Average Net Price: $13,113

School Type: Non-Profit
School Accreditation: HLC
Total Graduate Enrollment: 1,030

Southeast Missouri State University is located by the great Mississippi River. SMSU strives to be recognized for its enriched education, research, and engagement in their community. With a student-focused education, students can feel confident that graduating from Southeast Missouri State University will lead to success in future endeavors. The university is accredited by the Higher Learning Commission.

Southeast Missouri State University is invested in your success, this is proven by offering over 75 graduate programs including their MBA degree. When deciding to acquire an MBA degree at SMSU, you’ll have different concentrations to choose from. Students can get an MBA with a concentration in, accounting, international business, entrepreneurship, and more. All of these programs are prepared to meet your needs, and teach you the best skills necessary to advance you in your career. 92% of students will graduate with a job.

9. West Texas A & M University

Average Net Price: $13,185

School Type: Non-Profit
School Accreditation: SACS COC
Total Graduate Enrollment: 2,653

Founded in 1910, West Texas A & M University is dedicated to keeping tradition and providing excellence through education. The university and its community keep an atmosphere that feels welcoming and supportive for incoming students. At WTAMU you’ll find your passion, you’ll discover what you love through a variety of activities, jobs, and research opportunities offered by West Texas A & M University.

The MBA program at WTAMU has a variety of options for those seeking to strengthen their resume. This program can be taken 100% online or students can choose to take some classes in person. While earning an MBA degree you’ll learn the five most important goals of business, professional communication, leadership, business environment, and business integration. These key components are what helped rank WTAMU’s MBA program #54 for the 2020 Best Online MBA programs.

10. Georgia Southwestern State University

Average Net Price: $13,206

School Type: Non-Profit
School Accreditation: SACS COC
Total Graduate Enrollment: 440

Georgia Southwestern State University is a top-tier post-secondary education that puts its students’ needs first. As a student, you’ll feel valued, especially with the smaller class sizes that provide more one-on-one time. Part of the university’s mission is teaching individuals valuable attributes to make them well-rounded people. After graduating from Georgia Southwestern State University you’ll be skilled in quantitative reasoning, written communication, and understanding cultural differences.

The MBA program represents one of the highest standards for business school, this is proven by its accreditation from AACSB. It’s earned this highly accepted accreditation through its diligent detail to its graduates. In this program, you’ll have the opportunity to work as a team, explore your creativity, and react to unanticipated problems. Earning an MBA degree from Georgia Southwestern University will leave you feeling confident and ready.