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The Association to Advance Collegiate Schools of Business (AACSB) is widely regarded as the gold standard in business school accreditation. This list highlights online MBA programs that are among the most affordable and accredited by the AACSB.

Accreditation matters when seeking out a degree program online. Having the seal of approval from an accreditation agency means that the school or program meets high academic standards, that — in the case of the AACSB — faculty members are recognized for their contribution to business research, and students can be assured that their educational investment will be recognized by other institutions or employers.

All of the schools featured are public institutions, backed by the state in which they are based.

List Order: Base Program Cost, Lowest to Highest

University of South Dakota
Campus: Vermillion, South Dakota
Type: Public
Accreditation: AACSB
Primarily Asychronous: Yes
Base Program Cost: $12,639
Per Credit Hour: $383
Minimum Credit Hours: 33
GMAT Required: Yes
Minimum Time Commitment: 24 months
Online Concentrations: Generalist/Electives, Health Services Administration
Campus Requirements: No
School Site: Overview | Tuition | Financial Aid
OnlineMBA.com School Profile: University of South Dakota Online MBA Program

Jacksonville State University
Campus: Jacksonville, Alabama
Type: Public
Accreditation: AACSB
Primarily Asychronous: Yes
Base Program Cost: $12,690
Per Credit Hour: $423
Minimum Credit Hours: 30
GMAT Required: Yes
Minimum Time Commitment: 24 months
Online Concentrations: Generalist/Electives, Accounting
Campus Requirements: No
School Site: Overview | Tuition | Financial Aid
OnlineMBA.com School Profile: Jacksonville State University Online MBA Program

Fort Hays State University
Campus: Hays, Kansas
Type: Public
Accreditation: AACSB
Primarily Asychronous: Yes
Base Program Cost: $13,600
Per Credit Hour: $400
Minimum Credit Hours: 34
GMAT Required: Yes
Minimum Time Commitment: 18 months
Online Concentrations: Generalist/Electives, Finance, Health Care Management, Health and Human Performance/Sports Management, Human Resource Management, Information Assurance, International Business, Leadership Studies, Management Information Systems, Marketing, Tourism and Hospitality Management
Campus Requirements: No
School Site: Overview | Tuition | Financial Aid
OnlineMBA.com School Profile: Fort Hays State University Online MBA Program

University of Mississippi
Campus: University, Mississippi
Type: Public
Accreditation: AACSB
Primarily Asychronous: Yes
Base Program Cost: $13,806
Per Credit Hour: $383.50
Minimum Credit Hours: 36
GMAT Required: Yes
Minimum Time Commitment: 24 months
Online Concentrations: Professional MBA
Campus Requirements: No
School Site: Overview | Tuition | Financial Aid
OnlineMBA.com School Profile: University of Mississippi Online MBA Program

Mississippi State University
Campus: Mississippi State, Mississippi
Type: Public
Accreditation: AACSB
Primarily Asychronous: Yes
Base Program Cost: $16,410
Per Credit Hour: $547
Minimum Credit Hours: 30
GMAT Required: Yes
Minimum Time Commitment: 24 months
Online Concentrations: Generalist/Electives, Project Management
Campus Requirements: No
School Site: Overview | Tuition | Financial Aid
OnlineMBA.com School Profile: Mississippi State University Online MBA Program

University of Massachusetts-Lowell
Campus: Lowell, Massachusetts
Type: Public
Accreditation: AACSB
Primarily Asychronous: Yes
Base Program Cost: $17,550
Per Credit Hour: $585
Minimum Credit Hours: 30
GMAT Required: Yes
Minimum Time Commitment: 24 months
Online Concentrations: Generalist/Electives, Accounting, Finance, Information Technology
Campus Requirements: No
School Site: Overview | Tuition | Financial Aid
OnlineMBA.com School Profile: University of Massachusetts-Lowell Online MBA Program

Clarion University of Pennsylvania
Campus: Clarion, Pennsylvania
Type: Public
Accreditation: AACSB
Primarily Asychronous: Yes
Base Program Cost NR: $17,600
Per Credit Hour NR: $533.45
Base Program Cost R: $16,974
Per Credit Hour R: $514.35
Minimum Credit Hours: 33
GMAT Required: Yes
Minimum Time Commitment: 30 months
Online Concentrations: Generalist/Electives
Campus Requirements: No
School Site: Overview | Tuition | Financial Aid
OnlineMBA.com School Profile: Clarion University of Pennsylvania Online MBA Program

Southeast Missouri State University
Campus: Cape Girdeau, Missouri
Type: Public
Accreditation: AACSB
Primarily Asychronous: Yes
Base Program Cost NR: $18,342
Per Credit Hour NR: 509.50
Base Program Cost R: $10,548
Per Credit Hour R: 293.00
Minimum Credit Hours: 36
GMAT Required: Yes
Minimum Time Commitment: 24 months
Online Concentrations: Generalist/Electives, Accounting, Entrepreneurship, Environmental Management, Financial Management, Health Administration, Industrial Management, International Business, Sport Management
Campus Requirements: No
School Site: Overview | Tuition | Financial Aid
OnlineMBA.com School Profile: Southeast Missouri State University Online MBA Program

Western Kentucky University
Campus: Bowling Green, Kentucky
Type: Public
Accreditation: AACSB
Primarily Asychronous: Yes
Base Program Cost: $18,480
Per Credit Hour: $560
Minimum Credit Hours: 33
GMAT Required: Yes
Minimum Time Commitment: 24 months
Online Concentrations: Generalist/Electives
Campus Requirements: No
School Site: Overview | Tuition | Financial Aid
OnlineMBA.com School Profile: Western Kentucky University Online MBA Program

Morehead State University
Campus: Morehead, Kentucky
Type: Public
Accreditation: AACSB
Primarily Asychronous: Yes
Base Program Cost: $19,188
Per Credit Hour: $533
Minimum Credit Hours: 36
GMAT Required: Yes
Minimum Time Commitment: 24 months
Online Concentrations: Generalist/Electives, Accounting, Bank Management (finance), Computer Information Systems, Human Resource Management and Management.
Campus Requirements: No
School Site: Overview | Tuition | Financial Aid
OnlineMBA.com School Profile: Morehead State University Online MBA Program

– Sean Gallagher, @seangallagherla

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Notes About the Listings

Accreditation:

  • AACSB: Association for the Advancement of Collegiate Schools of Business is an accreditation agency recognized by the U.S. Department of Education. This organization accredits the world’s top business schools. Its standards are high and dictate that faculty must be involved in academic research, among other requirements. The group is a specialized accreditor for business schools.
  • ACBSP: Accreditation Council for Business Schools and Programs is an accreditation agency recognized by the U.S. Department of Education. This organization accredits a broad spectrum of business schools. Its standards are high and its emphasis in on faculty that is experienced in their field of instruction, among other requirements. The group is a specialized accreditor for business programs.
  • IABCE: International Assembly for Collegiate Business Education. IACBE is an outcomes-based programmatic accreditation in business. It is an accreditation agency recognized by the U.S. Department of Education.
  • HLC/NCACS: The Higher Learning Commission of the North Central Association of Colleges and Schools. HLC is the accreditation arm of the NCACS. The group grants initial reviews of applications for accreditation and ensures standards continue to be upheld.
  • DETC: The Distance Education and Training Council. DETC reviews the quality of programs from distance learning institutes. It is an accreditation agency recognized by the U.S. Department of Education.

Primarily Asynchronous: Programs that allow students to participate when convenient within parameters determined by the school or faculty member. Some programs may require synchronous participation for certain classes or discussions.

Base Program Cost: Determined by number of credit hours multiplied by the out of state cost per credit hour. When an out of state credit hour cost is not assigned, the credit hour charge for online graduate students is used. Base program costs do not include additional fees, textbooks, or the cost of prerequisite courses or additional credit hours needed for certifications. Where appropriate, the base program cost will be broken out by in-state (R) and out-of-state (NR) residents. For comparisons or list order, the base program cost for non-residents will be used.

GMAT Required: In certain cases, the GMAT requirement may be waived. This varies by school depending on undergraduate GPA, professional work experience, or previous graduate work. Schools that do require the GMAT may have a minimum score threshold to be considered for enrollment. GMAT requirements are best discussed with admissions counselors at the programs being considered.

Minimum Time Commitment: This is the minimum amount of time a student would need to earn their MBA. This minimum differs by school–based on the student’s full time or part time status, waived prerequisites, or additional factors that are best discussed with an institution’s admissions office.

Concentrations: MBA students can opt to follow a prescribed course sequence such as International Business, Health Care Administration, or other concentrations. Or they will follow a Generalist core curriculum and use Electives to select a concentration of their own design.

Campus Requirements: Some programs elect to have students come to campus for courses, testing, or other reasons best discussed with the admissions offices of the programs under consideration.