Campus: Boston, Massachusetts
Base Program Cost: $67,250
Per Credit Hour: $1,345
Minimum Credit Hours: 50
GMAT Required: Yes
Minimum Time Commitment: 24 months
Online Concentrations: Finance, Healthcare Management, High Technology Management, Innovation & Entrepreneurship, International Management, Marketing, Operations & Supply Chain Management, Sustainability
On Campus Requirements: No
School Site: Overview | Tuition | Financial Aid
Northeastern University was founded in Boston in 1898. Combining academic excellence with forward thinking, Northeastern began offering online learning opportunities in 2006 and now has more than 70 programs, degrees and certificates available through six colleges. Students can earn their bachelor’s, master’s and doctoral degree in a variety of fields including health sciences, business administration, arts, engineering, and computer and information sciences. The online master’s degree in business administration provides students with a strong foundation in business enterprise.
Northeastern has been accredited since 1940 by the New England Association of Schools and Colleges, Commission on Institutions of Higher Education. Founded in 1885, this commission is the oldest regional accrediting association in the country and acts as the regional accreditation agency for colleges and universities in the six New England states. This association is recognized by the U.S. Department of Education and the Council for Higher Education Accreditation as a reputable evaluator of postsecondary institutions’ educational quality. In addition, NU’s online MBA program is accredited by the Association to Advance Collegiate Schools of Business.
NU offers the following MBA options:
- Master of Business Administration (MBA): Specializing in Finance
- Master of Business Administration (MBA): Specializing in Health Care Management
- Master of Business Administration (MBA): Specializing in High Technology Management
- Master of Business Administration (MBA): Specializing in Innovation Entrepreneurship
- Master of Business Administration (MBA): Specializing in International Management
- Master of Business Administration (MBA): Specializing in Marketing
- Master of Business Administration (MBA): Specializing in Operations and Supply Chain Management
- Master of Business Administration (MBA): Specializing in General Management
These types of programs allow students to develop a solid foundation in general business knowledge through courses like Managing the Global Enterprise; Financial Management and Accounting; Managing Information Resources; Creating and Sustaining Customer Markets; Strategic Decision-Making in a Changing Environment; and Technology, Entrepreneurship and Enterprise Growth. In addition to core business courses, students also take elective courses that are focused on their area of interest.
Specifically designed for the working professional, Northeastern’s MBA programs are structured to accommodate varying schedules. With nine start dates throughout the year, students won’t have to wait long to begin an MBA program at Northeastern and can complete it in about 24 to 27 months. Students are expected to complete nine courses per year with each course ranging anywhere from three to seven weeks. Although courses still have due dates and deadlines, they are designed with a certain amount of flexibility in mind and allow for students to continue their education while still fulfilling their work and home obligations. According to Northeastern’s website, students spend an average of 15 to 20 hours a week studying and on online discussions, individual assignments and team projects.
If you want to apply for one of Northeastern’s MBA programs, you must be able to provide the following items:
- A completed online admission application from the school
- $100 application fee
- An official undergraduate and or graduate transcript from an accredited institution
- An application essay
- Three letters of recommendation
- A current resume
- Proof of a cumulative GPA of at least 3.0
To be eligible for Northeastern’s MBA programs, students must have earned an undergraduate degree from an accredited institution, be fluent in the English language and be able to demonstrate at least five years of professional experience in a relevant area such as leadership of work teams, financial responsibility and staff management. Those who are unable to meet the minimum work requirements may submit supplementary documentation for the admissions committee to consider including GMAT test scores, certifications and professional designations. About 38 percent of fall 2010 undergraduate applicants were admitted to Northeastern, according to College Navigator, but admissions for the school’s graduate business program will likely be more competitive.
Tuition and Financial Aid
An online MBA program from Northeastern costs approximately $67,250, which consists of 50 semester credit hours, or 17 courses, with a price tag of $1,345 per credit hour, according to the school’s 2012-2013 tuition supplement. The cost of education can differ depending on the materials and software required in a particular program, although most course material should be provided online by the school and all printed materials and textbooks are mailed to students before the start of each course. Financial aid is available to all students enrolled in NU’s programs, including federal loans, grants and scholarships. MBA students can submit a FAFSA application for federal aid. NU also accepts employer-sponsored tuition assistance. According to College Navigator, in the 2008-2009 academic year, 51 percent of undergraduate students at NU received federal student loans and 68 percent received grant or scholarship aid.
Why Northeastern University?
Northeastern’s business school is accredited by AACSB International, the highest standard of business school accreditation worldwide. The Carnegie Foundation for the Advancement of Teaching classifies Northeastern as an institution with high research activity, the highest designation for Tier 1 research universities. Northeastern’s graduate school of business administration appears on U.S. News & World Report’s list of “Best Business Graduate Schools” and BusinessWeek’s list of top full-time MBA programs.
An online education from Northeastern offers the same high quality education as an on-campus one, as traditional programs have been adapted to be delivered to students in an interactive, innovative format. Online MBA programs are taught by prominent scholars and business leaders who are specially trained to work in the online environment. Online students will benefit greatly from Northeastern’s distance learning team designed to support students during their MBA experience. Along with faculty, this team consists of small group instructors, student advisers, admissions advisers and a technical support team. Northeastern strives to keep virtual class sizes small, 12 to 15 students, to ensure each student receives individual attention and is able to be a part of an engaging, supportive and challenging learning community. Educational resources, such as an online library and resource center, are easily accessible and available 24/7 so that students can work on courses whenever their schedule allows. Northeastern also works to make sure students receive timely responses from professors and program managers concerning any questions or requests.
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