Vermont’s many attractions include maple syrup, dense forests, and mountainous terrain. With around 625 million people, Vermont has one of the smallest populations in the country, second only to Wyoming. Despite its small size, Vermont has thriving outdoor scene, a strong healthcare system, a low unemployment rate, and business environment centered around finance, tourism, and healthcare. Additionally, Vermont’s educational system consistently ranks as one of the best in the country. With these perks, the state has plenty of educational, recreational, and professional opportunities for students interested in online MBA programs in Vermont.
Vermont is home to several excellent universities. These institutions include University of Vermont in Burlington with 12,00 students, Green Mountain College in Killington with 700 students, and Norwich University in Northfield with 3,150 students. According to the Vermont Higher Education Council, business administration and management is one of the most popular degrees in this state.An online MBA program in Vermont provides a flexible way to pursue higher education. While most online programs allow you to complete your coursework from anywhere at any time, some programs require occasional on-campus or in-person meetings, clinical work, and other activities. As such, keep in mind that your proximity to campus may be important when choosing an online program.
Other factors to consider when applying to online MBA programs in Vermont include tuition costs and application requirements. Students who are interested in earning their online MBA in Vermont should apply for in-state residency in order to earn in-state tuition; for most schools, in-state tuition costs thousands of dollars less per year than out-of state tuition. Additionally, students can often save a significant amount of money on tuition, transportation, and room and board costs through enrolling in online programs. Additionally, be sure to research whether or not your MBA program requires applicants to take the GMAT. Both Green Mountain College and Norwich University’s MBA programs require prospective students to submit GMAT scores, though the College of St. Joseph’s does not.
|Percentage of Students Enrolled by Distance Education|
MBA Concentrations for Vermont Students
The concentration that you choose to pursue in your MBA program will depend on your career goals and interests, as well as the concentrations that your program offers. You may want to choose a concentration that is particularly useful in Vermont. Because the state has large industries in finance and healthcare, choosing to specialize in these fields might help you find a job more easily after graduation.
- Healthcare Management: This concentration typically includes classes in general management, healthcare marketing, strategy, analytics, operations, and policy. This concentration prepares students to work in medical centers, hospitals, and government.
- Finance : Students earning their MBA in finance will take classes in risk management, data analysis, and international finance. This concentration prepares students for a wide variety of occupations, including financial analysts and chief financial officers.
Accreditation in Vermont
When researching online MBA programs in Vermont, it’s critical that the school you choose is accredited. There are two different types of accreditation: regional and national. In general, vocational, for-profit, and religious schools acquire national accreditation, which is less widely accepted. Degree-focused, nonprofit schools typically acquire regional accreditation. Look for online MBA programs in Vermont that are accredited by the New England Association of Schools and Colleges (NEASC) and by the Association to Advance Collegiate Schools of Business (AACSB).
Though Vermont is small with a gross domestic product of just over $30 billion, the state enjoys a stable economy and a high rate of employment. Vermont’s unemployment rate of 2.9% is one of the lowest in the country, and the state’s lowest rate in over a decade. The average Vermont resident earns a personal income of $49,984, which is slightly higher than the national average.
Because Vermont’s residents value physical health and outdoor activities such as skiing and hiking, the state has several large medical centers and organizations. The BLS reports that Vermont’s top industry is currently healthcare and social assistance. Additionally, Vermont’s scenic landscape fuels tourism. The Bureau of Economic Analysis cites finance, insurance, real estate, and leasing as other major industries in this state. Because of the state’s strengths in these industries, Vermont is a excellent place for MBA graduates who are interested in healthcare management and administration, finance, tourism and hospitality, and real estate. Vermont’s top regions for employment are the urban areas of Rutland, Burlington, and Montpelier.
Top Employers in Vermont
|Company||Industry||Headquarters City||Number of Employees|
|University of Vermont Medical Center||Healthcare||Burlington||6,405|
|Jay Peak Resort||Tourism and Hospitality||Jay||2,000|
Entering the job market with an MBA rather than just a bachelor’s or an associate degree almost always results in a higher salary and a greater number of job opportunities. Additionally, earning an MBA can also ensure that you are on track for high-paying management positions such as chief financial officer, finance director, and director of operations. According to Payscale, financial analysts with bachelor’s degrees earn an average salary of $57,340, while senior financial analysts with master’s degrees can earn $81,740. These numbers are similar for almost any position in business.
|Average Salary by Degree|
Careers for MBAs in Vermont
- Financial Analyst
Finance is one of the largest industries in Vermont, earning 20% of the state’s gross domestic product. Financial analysts study market trends and microeconomics to help their clients make smart investment and other financial decisions. Financial analysts with MBAs can make upwards of $80,000 per year.
- Resort Manager
Because Vermont has a strong tourism industry with several large resorts, there are plenty of opportunities for those interested in hospitality management. Resort management, or operations management, involves overseeing the daily operations for a business. Depending on the size of the business, this type of manager can make around $122,000 per year.
- Sales Manager
Vermont’s large industries in real estate, leasing, and tourism require professionals who can manage major financial accounts. Sales managers set sales goals, direct sales teams, and analyze data. They earn a median annual salary of $117,960 per year.
- Health Services Manager
The UVM Medical Center is Vermont’s largest employer, and this extensive network of hospitals requires MBA graduates to manage its daily operations. Health services managers, executives, and administrators may manage a specific clinic or an entire facility. These professionals make a median salary of $96,540.
- Financial Manager
Financial managers are responsible for overseeing an organization’s budget, expenses, and investments. These professionals play critical roles in nearly any environment, including hospitals and medical centers, real estate companies, resorts and hotels, and government agencies. Financial managers earn a median annual salary of $121,750.
Below you will find a list of the best online MBA programs in Vermont. In order to help you find the program that fits with your personal and career goals, this list includes information about each program’s requirements, coursework, and format, as well as other unique details. All of the schools on this list are accredited.
|Rank||School||Location||Cost||Toggle||Logo||Tuition||% Receiving Financial Aid||Student Population||School Type||Description|
|Location Burlington, VT||Tuition||Tuition $28,620||% Receiving Financial Aid 63%||Student Population 4,006||School Type Private||
Green Mountain College
|Location Poultney, VT||Tuition||Tuition $30,525||% Receiving Financial Aid 71%||Student Population 864||School Type Private||
|Location Northfield, VT||Tuition||Tuition $28,512||% Receiving Financial Aid 64%||Student Population 3,870||School Type Private||
There are many important considerations to make before settling on an online MBA program in Vermont. These include factors discussed above like cost, accreditation, and available specializations. The following list includes some key steps to follow during the program research process for MBA options in any state.
Compare student outcomes data
Student outcomes include graduation rate, year-to-year retention rate, the average debt for a graduate from that school, and overall student satisfaction with their degree program. Student outcomes do not guarantee you will be satisfied with a particular program, but can be useful for pinpointing a school’s strengths and weaknesses.
Estimate the expected costs of your programs
Virtually every accredited college or university posts tuition rates online. Additionally, you should research other college-related costs like living accommodations and meal plans (if you plan to live on-campus), administrative fees, and technology fees (for online students). You should also look into scholarships, grants, and other forms of institutional financial aid that can offset some of the costs.
Check that classes will fit in with your schedule
Scheduling is critical for students with other important commitments, such as childcare or full-time employment. Many online programs are asynchronous, or self-paced; students in these tracks are free to complete course requirements on their own schedule. Synchronous programs, on the other hand, require weekly online meetings with teachers and fellow students.
Look for partnerships with local businesses
A large number of online MBA programs include internship and/or capstone practicum requirements ― and in many cases, students are able to gain on-the-job training and real-world office experience. You should look into the school’s business partnerships, particularly in regard to the industry you plan to enter after earning your MBA.
Make sure the program is accredited
Accreditation status should always be available and easily accessible on a school’s website. In addition to regional or national accreditation, some MBA pathways receive programmatic accreditation. Recognized programmatic accreditors for MBA programs include the Accreditation Council for Business Schools and Programs (ACBSP) and the International Accreditation Counsel for Business Education (IACBE).
Talk to current students and/or recent alumni
You should contact the alumni office at each school you are considering and ask to be connected with former students. These individuals can be good sources of information about education costs, life on- and off-campus, local business tips, and other important details for aspiring MBA students.