Wyoming is small in population, but rich in natural resources. National parks and other natural attractions bring in millions of visitors each year, and deposits of coal and a windy landscape attract the energy industry. The largest cities in the state are Cheyenne, Casper, and Laramie. The cost of living in Wyoming is slightly lower than the national average, making it an affordable place to live. The per capita personal income is $55,116, ninth in the United States. Wyoming is a state with interesting career options and a thriving higher education system. Students interested in a flexible, cost-effective path to more career options should consider pursuing an online MBA in Wyoming.
Higher education in Wyoming is driven by its flagship university, the University of Wyoming in Laramie. UW has one of the best online MBA programs in Wyoming and offers an optional concentration in energy management. Local community colleges serve other regions in the state. Despite being the state with the smallest population, Wyoming recently earned the only A grade among all states on its support of public higher education. Through the Wyoming School-University Partnership, the state emphasizes an integrated education system for Wyoming residents. Students who study agri-business at community colleges like Central Wyoming College can become qualified for management positions in the agriculture industry by pursuing a Wyoming online MBA.
When searching for an online MBA, Wyoming schools, including the University of Wyoming and College America in Cheyenne, are a great place to look. These Wyoming online MBA programs run for two years or less and are completely online, giving students the chance to improve their career outlook while continuing to work full time. Students who are local to these schools also enjoy a cost of living that is lower than the national average.
|Percentage of Students Enrolled by Distance Education|
MBA Concentrations for Wyoming Students
Students in online MBA programs in Wyoming often have the chance to focus on a certain concentration or combine their MBA with another advanced degree. This can help students tailor their education to the industries of the region where they would like to work. Wyoming is one of the top states in the country for energy production and natural resource extraction, making a concentration in energy management particularly valuable. A concentration in finance is also useful.
- Energy Management: This concentration gives students the skills to excel as a manager in the energy industry. Courses focus on strategies and issues in energy supply chains, investments in energy and minerals, and the financial accounting of exploration and energy delivery.
- Finance: A concentration in finance prepares MBA students for careers in accounting and financial analysis. Coursework in finance looks at investment strategies, corporate and energy finance, wealth management, and management fraud.
Accreditation in Wyoming
In the United States, institutions of higher education receive accreditation from regional or national accrediting agencies. The U.S. Department of Education and the non-governmental Council for Higher Education Accreditation evaluate and certify both regional and national accrediting bodies in the U.S. Schools with regional accreditation are more prestigious because they are held to higher academic and professional standards. The regional Higher Learning Commission, which oversees the Great Plains and Midwest states and several states in the Southeast, has accredited the University of Wyoming. Some schools in Wyoming, such as College America, may have national accreditation from agencies like the Accrediting Commission of Career Schools and Colleges. An advanced degree from an accredited college is an important step toward a career in one of Wyoming’s thriving industries.
Wyoming capitalizes on the natural beauty of its landscape and rich deposits of natural resources. It is home to world-famous national parks and monuments, including Yellowstone, Grand Teton, and Devils Tower, and welcomed nearly 7,450,000 visitors to these sites in 2016, according to the U.S. National Park Service. The U.S. Bureau of Labor Statistics (BLS) reports that, starting in 2010, accommodation and food services became the industry with the highest employment in Wyoming. Students in online MBA programs in Wyoming are well-placed to find employment in tourism when they graduate. The business of natural resource extraction is also a top industry in Wyoming. The state ranks first in the U.S. in coal and uranium production and has the greatest capacity of any inland state for wind-based energy. With an unemployment rate of 3.3% as of September 2017, the Cheyenne metropolitan area beats Wyoming’s rate of 4% and the national rate of 4.2%.
Top Employers in Wyoming
|Company||Industry||Headquarters City||Number of Employees|
|Powder River Coal, LLC||Coal Production||Wright||1,250|
|Jackson Lake Lodge||Accommodation||Moran||1,000|
An online MBA in Wyoming gives students skills in finance and business operations that employers value. MBA graduates are qualified to take on more responsibilities in business management, and earning an MBA after a bachelor’s of business can mean the difference of nearly $15,000 a year in salary. The Wyoming Department of Workforce Services projects that from 2014 to 2024 the industries of accommodation and food services will grow by 12% and the retail trade will grow by 5.7%. Graduates with management skills from an online MBA can excel in both these industries.
|Average Salary by Degree|
Careers for MBAs in Wyoming
- Operations Manager
Operations managers ensure that a company’s day-to-day operations like purchasing and production run smoothly. These managers also analyze safety and environmental impact in production. On average, operations managers make $111,120 a year in Wyoming.
- Financial Analyst
Financial analysts study the performance of a company and its investments to forecast its growth and recommend future investment plans. After a few years of contraction in Wyoming, employment in the financial field began growing again in 2017.
- Marketing Manager
Employees in this role coordinate efforts toward advertising. They plan marketing strategies and communicate with customers and company executive personnel. They must also have a strong understanding of the current status of the market that the company operates in.
- Human Resources Manager
HR managers oversee hiring and recruitment and ensure that a company follows labor regulations. These managers are also responsible for setting internal HR policies. In Wyoming, HR managers earn an average yearly salary of $102,860.
The first step to finding a career in Wyoming’s many industries is to pick the MBA program and concentration that fits your lifestyle and career goals. The schools on this list are all accredited.
|Rank||School||Location||Cost||Toggle||Logo||Tuition||% Receiving Financial Aid||Student Population||School Type||Description|
University of Wyoming
|Location Laramie, WY||Tuition||Tuition $7,530||% Receiving Financial Aid 36%||Student Population 12,648||School Type Public||
There are many important considerations to make before settling on an online MBA program in Wyoming. 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.