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Since 2004, the University of Wyoming has offered working professionals a 24-month, fully online, affordable general MBA degree program. Accredited by the Association to Advance Collegiate Schools of Business (AACSB), the Wyoming program is a steal amongst its competitors, priced just under $20,000.

“Affordability was what prospective students tell us they want,” said MBA program director Martin Saffer. “The program has thrived. Not only has it been well-received, but we feel we fill a niche for true MBA program delivered online that is consistent with on-campus curriculum. We believe that gives us the creditability with employers.

“We have a program that employers recognize,” he said. “Programs that don’t carry the AACSB accreditation, may not have the discipline and rigor, and potential employers may not recognize the degree.”

Related: School Report: University of Wyoming | Database: Search, Sort, Compare Online MBA Programs | School Reports: Full Details on MBA Programs | Specialties: Research MBA Concentrations

The 30-credit program is cohorted, with one start time in the fall semester.

There’s a wide age range of current students,” said Saffer. “Everyone has a different reason why they want an MBA. Currently in the program, we have CEOs, CFOs, VP operations, entrepreneurs.” The average work experience level of the most current cohort is 10 years, but there is no minimum requirement to apply to the program. All of the current students are also working.

While Wyoming is vast geographically, the pool of students in the program are international.

“We aren’t relying on Wyoming for our base of students,” added Saffer.

In the admissions process, it’s all about what a student brings to the table.

“In admissions, we want to answer two questions: Do we believe that a candidate can successfully complete our program, and what does the candidate bring that’s unique,” said Saffer. “We do this so we’ll have very diverse viewpoints and backgrounds.”

The process does require that students present undergraduate transcripts and a GMAT or GRE test score, however, based on the level of the students experience, prerequisite coursework and the GMAT may be waived.

– Alanna Stage, @AlannaTweets