Although Massachusetts is the seventh-smallest state in the U.S., it has the fifteenth-largest population with approximately 6.8 million residents. More than 80% of residents live in the metropolitan area surrounding Boston, the state’s capital. In February 2017, U.S. News & World Report ranked Massachusetts as the top state in the U.S., citing the quality of its healthcare, economy, and education opportunities.

With five campuses, the University of Massachusetts is the state’s largest university system. Several top-rated private colleges are located in Massachusetts, including world-renowned institutions Harvard University and MIT. The state’s large number of respected colleges means a variety of options for students enrolling in online MBA programs in Massachusetts.

Ideal for students pursuing an online MBA, Massachusetts’ variety of accredited programs vary significantly in size and tuition cost. Many of these programs are in Boston, which has a higher cost of living than other areas of Massachusetts, but several schools are located in cities such as Springfield, Amherst, and Dartmouth. Although tuition for online MBA programs is often the same as for on-campus programs, online students often save on housing, transportation, and childcare, while taking advantage of flexible scheduling that allows graduate students to work full-time jobs. In-state tuition rates for Massachusetts residents typically apply to online and hybrid programs.

Massachusetts online MBA programs typically require 30 to 50 credit hours completed over 16 to 24 months. Some schools offer multiple MBA concentrations, and most programs can be completed entirely online. However, certain programs require a limited number of campus visits. Check the residency requirements of any program you consider and determine whether the schedule fits your lifestyle. Some online MBA programs in Massachusetts require applicants to submit GMAT or GRE scores, but many schools will accept alternative proof of academic preparedness.

Percentage of Students Enrolled by Distance Education
Percentage of students enrolled at Title IV institutions in Massachusetts, by distance education enrollment status, Fall 2012

MBA Concentrations for Massachusetts Students

Some schools offer concentrations, which give graduates an advantage when seeking employment. Certain concentrations are especially valuable to students earning their online MBA in Massachusetts. Finance, healthcare, higher education, and retail are the largest industries in the state, so concentrations in finance and marketing are among the most useful for job seekers in Massachusetts.

 

  • Finance: A concentration in finance prepares students for management roles in finance companies or other corporations. Graduates become chief financial officers and deal with corporate finance, investment banking, and portfolio management.
  • Marketing: Students study brand management, advertising, and consumer data analysis. Marketing is a valuable skill in every industry, and a marketing MBA prepares students for corporate roles, such as marketing director.

Accreditation in Massachusetts

The best online MBA programs in Massachusetts are accredited, which ensures the programs meet certain standards and will hold value for potential employers. Earning an MBA from an accredited online program gives graduates an edge in the competitive job market and creates opportunities for advancement.

In Massachusetts, regional accreditation is granted by the New England Association of Schools and Colleges. Regional accreditation is the most reputable type and is awarded to public and private nonprofit universities. National accreditation, on the other hand, is generally applied to for-profit institutions, such as trade schools, and is not as valuable as regional accreditation.

Massachusetts’ thriving economy is fueled by several sectors. As of 2015, the healthcare and social assistance industry employed the most Massachusetts residents. With so many colleges and universities in the state, higher education is another major employer, as is the information technology industry, including companies such as Oracle and Dell. General Electric recently moved its headquarters from Connecticut to Boston, making GE the highest-ranked Fortune 500 company in Massachusetts. The hospitality and tourism industry is consistently robust, thanks in part to Boston’s historical significance and its position along the Atlantic coast.

In 2016, the professional and business services industry was the largest contributor to Massachusetts’ gross domestic product and is projected to continue growing over the next decade. The unemployment rate in Massachusetts is below the national average, and the state’s per capita personal income ranked second in the U.S. in 2016.

Top Employers in Massachusetts

Company Industry Headquarters City Number of Employees
General Electric Multinational conglomerate Boston 295,000 worldwide
TJX Companies Department stores Framingham 235,000 worldwide

The employment outlook in Massachusetts is good, but it is even better for professionals with an MBA. An advanced degree provides a competitive edge when applying for management positions and creates opportunities to for career advancement and higher earning potential.

Earning an MBA maximizes a professional’s employability and earning potential. Advanced academic credentials demonstrate a commitment to improving knowledge and skills and becoming a valuable asset to a company. The discipline and self-motivation required to earn an MBA are necessary for positions of responsibility. For professionals who aspire to management roles in Massachusetts, online MBA programs offer a path to higher positions with increased salaries.

Average Salary by Degree
Search Programs by Concentration

Careers for MBAs in Massachusetts

Medical and Health Services Managers

These managers direct medical and health services for organizations such as hospitals, clinics, managed care companies, and public health agencies. Massachusetts has the highest concentration of medical and health services manager positions in the nation, for which the state median wage is $121,260.

Marketing Managers

Marketing managers oversee the creation and execution of marketing strategies, often leading a team responsible for promoting an organization’s goods and services. Virtually every type of company requires marketing, and MBA holders are often preferred for this role. Massachusetts ranks fourth in the nation for employment of marketing managers, and the state median salary for this position is $142,040.

Personal Financial Advisor

Personal financial advisors assess clients’ financial positions and provide strategic advice on topics such as investments, taxes, and real estate. Employers prefer advisors who hold MBAs or certifications. Massachusetts’ employment concentration of personal financial advisors ranks fifth in the nation, and the state median wage is $102,580.

Accountant/Auditor

Accountants and auditors analyze accounting records and use the data to prepare financial statements, provide financial advice, and verify documents. A position as an accountant or auditor can be a stepping stone toward becoming a chief financial officer. The Boston-Cambridge-Newton metro area has the nation’s eighth-highest employment level for these positions, and the local median wage is $85,250.

Chief Financial Officer (CFO)

Chief financial officers are responsible for an organization’s financial strategy and recordkeeping. They manage financial risks and report on the organization’s financial position. As a center for the state’s business activity, Boston companies employ the most CFOs in Massachusetts. The median salary for CFPs in Boston is $165,790.

Below is a list of the top online MBAs in Massachusetts. Each school on this list is accredited, so every program meets standards of quality that potential employers will recognize. This list is the ideal place to begin researching Massachusetts’ online MBA programs to find the best fit for your academic and professional goals.

Rank School Location Cost Toggle Logo Tuition % Receiving Financial Aid Student Population School Type Description

Babson College

Location Wellesley, MA Tuition Tuition $87,025 % Receiving Financial Aid 37% Student Population 3,057 School Type Private
Concentrations
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Bay Path University

Location Longmeadow, MA Tuition Tuition $29,340 % Receiving Financial Aid 91% Student Population 3,107 School Type Private
Concentrations
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Berklee College of Music

Location Boston, MA Tuition Tuition $22,572 % Receiving Financial Aid 39% Student Population 5,289 School Type Private
Concentrations
  • Music Business
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Endicott College

Location Beverly, MA Tuition Tuition $31,454 % Receiving Financial Aid 63% Student Population 4,695 School Type Private
Concentrations
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Fisher College

Location Boston, MA Tuition Tuition $33,312 % Receiving Financial Aid 79% Student Population 1,959 School Type Private View School Profile

Fitchburg State University

Location Fitchburg, MA Tuition Tuition $12,510 % Receiving Financial Aid 71% Student Population 6,598 School Type Public
Concentrations
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Lasell College

Location Newton, MA Tuition Tuition $21,600 % Receiving Financial Aid 84% Student Population 2,160 School Type Private
Concentrations
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University of Massachusetts - Lowell

Location Lowell, MA Tuition Tuition $17,250 % Receiving Financial Aid 57% Student Population 18,047 School Type Public
Concentrations
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University of Massachusetts - Amherst

Location Amherst, MA Tuition Tuition $35,100 % Receiving Financial Aid 60% Student Population 29,269 School Type Public
Concentrations
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Northeastern University

Location Boston, MA Tuition Tuition $78,000 % Receiving Financial Aid 44% Student Population 19,940 School Type Private
Concentrations
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Simmons College

Location Boston, MA Tuition Tuition $58,800 % Receiving Financial Aid 72% Student Population 5,662 School Type Private View School Profile

University of Massachusetts - Dartmouth

Location North Dartmouth, MA Tuition Tuition $57,420 % Receiving Financial Aid 72% Student Population 8,916 School Type Public View School Profile

Suffolk University

Location Boston, MA Tuition Tuition $48,416 % Receiving Financial Aid 58% Student Population 7,922 School Type Private
Concentrations
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Western New England University

Location Springfield, MA Tuition Tuition $29,644 % Receiving Financial Aid 75% Student Population 3,912 School Type Private
Concentrations
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Nichols College

Location Dudley, MA Tuition Tuition $23,400 % Receiving Financial Aid 82% Student Population 1,454 School Type Private View School Profile

Bentley University

Location Waltham, MA Tuition Tuition $53,340 % Receiving Financial Aid 50% Student Population 5,506 School Type Private
Concentrations
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University of Massachusetts - Boston

Location Boston, MA Tuition Tuition $23,892 % Receiving Financial Aid 55% Student Population 16,847 School Type Public
Concentrations
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Salem State University

Location Salem, MA Tuition Tuition $16,704 % Receiving Financial Aid 60% Student Population 9,001 School Type Public
Concentrations
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There are many important considerations to make before settling on an online MBA program in Massachusetts. 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.