Nevada is one of the fastest-growing states in the country and has a population of just under three million residents. The seventh-largest state by area, much of Nevada is covered by desert. Las Vegas is the largest and most well-known city in the state. It is followed in population by Henderson, Reno, and North Las Vegas. Major state industries include mining, which is the state’s largest export source, as well as aerospace, agriculture, information technology, and tourism.
The Nevada System of Higher Education oversees the state’s eight public colleges and universities. These include the College of Southern Nevada; University of Nevada, Las Vegas; and University of Nevada, Reno. Many public and private colleges in the state offer online education options, and enrolling in an online MBA program in Nevada can lead to exciting career opportunities.
There are many advantages to pursuing an online MBA in Nevada. Because Nevada is so large, many in-state residents may not be located near its two major universities — the University of Nevada, Las Vegas and the University of Nevada, Reno. Additionally, because Las Vegas is the largest city in the state, the city may provide better job opportunities than Reno. Fortunately, an online education allows students living anywhere in the state to take advantage of one of Nevada’s top-tier MBA programs. Attending an online program can also be financially advantageous; students can continue working while attending classes on their own time. Online education eliminates costs associated with commuting, and students can choose to live in a city with a lower cost of living. An online education is oftentimes more affordable than campus-based programs for nonresidents, and some universities even offer in-state tuition to all online graduate students, regardless of where they live.
Online education eliminates costs associated with commuting, and students can choose to live in a city with a lower cost of living.
Many online MBA programs require students to submit GMAT scores, although some programs also accept GRE scores. Some programs waive test scores for students who have already earned an accredited graduate degree or have a professional license. For example, the online executive MBA at the University of Nevada, Reno does not require test scores if an applicant holds a CPA or CMA license.
|Percentage of Students Enrolled by Distance Education in Nevada|
MBA Concentrations for Nevada Students
Many MBA programs offer concentration options that allow students to tailor their degree to suit their academic interests and professional goals. When choosing a specialization, it’s typically a good idea to concentrate in an area that relates to the economy of the state where you plan to work. Concentrating in a specific area can increase your employment opportunities and distinguishes you from other MBA graduates. Top industries in Nevada include finance, real estate, and recreation; thus, concentrations in areas such as finance and management prepare graduates for employment in Nevada.
Concentrations for Nevada MBA Students
- Finance: An emphasis in finance typically includes courses in portfolio management, international finance, and financial markets and institutions. Some programs allow further emphasis in areas such as corporate finance or accounting. Graduates can work for a wide range of financial institutions.
- Management: Management applies to a number of industries and may be particularly applicable to Nevada’s large tourism industry. Students learn management principles related to new ventures and entrepreneurship, human resources, and change management.
Accreditation in Nevada
Colleges and universities in Nevada may be regionally or nationally accredited. The regional accrediting body for the state is the Northwest Commission on Colleges and Universities, which accredits institutions in Nevada and six other states in the northwest United States. National accreditation is less standardized than regional accreditation and typically only applies to colleges that focus on a specific subject or career. MBA programs may also be programmatically accredited by the Association to Advance Collegiate Schools of Business (AACSB) or the International Accreditation Council for Business Education (IACBE). These accreditors ensure business programs meet certain professional standards.
According to the Bureau of Economic Analysis, Nevada’s largest industry in 2016 was finance, insurance, real estate, rental, and leasing; this field totaled 20.4% of Nevada’s GDP. Close behind, at 17.5% of the GDP, was the combination of the arts, entertainment, recreation, accommodation, and food services. The unemployment rate in September 2017 was 4.9%, an improvement of nine points since the last recession. According to Forbes, based on data from Moody’s Analytics, Nevada is expected to add jobs at an annual rate of 2.6% for the next three years, which is the highest rate of any state. While casinos are the biggest employer in the state, other economic developments include Tesla’s new factory (opening in 2018), Ebay’s expanded data operations, and Apple and Microsoft’s Nevada locations.
Nevada is expected to add jobs at an annual rate of 2.6% for the next three years, which is the highest rate of any state.
As a sparsely-populated state, recent graduates should look for jobs in the large cities of Las Vegas (including nearby suburbs Henderson and North Las Vegas) and Reno (including Sparks, located just east of Reno). The largest companies in the state are both headquartered in Las Vegas and focus on the entertainment and hospitality industry. However, these companies operate on such a large scale that they employ people with expertise in a variety of areas, including finance, information technology, analytics, and marketing; these are all skills related to the curricula students take while earning an online MBA in Nevada.
|Company||Industry||Headquarters City||Number of Employees|
|MGM Resorts International||Hospitality, Entertainment||Las Vegas||77,000|
|Caesar’s Entertainment Corp.||Hospitality, Entertainment||Las Vegas||33,000|
Whether MBA graduates work in top state industries (e.g., hospitality and entertainment, finance, manufacturing, or information technology) or in other sectors, they can generally expect to earn more over their lifetime than workers without an MBA.
Graduates from online MBA programs in Nevada earn a financially-rewarding degree. According to PayScale, the average salary for individuals with a master’s of business is significantly higher than the salaries of workers who have earned only an associate or bachelor’s in business. The 2016 Graduate Management Admission Council (GMAC) Alumni Perspectives Survey (p. 5) stated that, on average, alumni recouped their business school investment in less than four years after graduation. Over 20 years, graduate degree holders earned at least half a million dollars more than they would have if they had not earned a graduate degree.
An MBA can also teach you the skills you need for self-employment and help graduates progress into management roles and other upper-level positions. According to the same GMAC survey, among students who expected to receive a promotion based on their degree, 78% were satisfied (p. 7).
|Average Salary By Degree|
Careers for MBAs in Nevada
- Information Technology Manager
Information technology is a leading industry in Nevada, due to both the technology companies located in the city and the need for experienced IT personnel in the casino industry. The number of IT manager jobs is expected to grow by 12% through 2026, and the median annual salary is $84,980 (according to PayScale).
- Gaming Manager
Gaming managers supervise casino gaming operations. Two of the largest companies in the state are in the gaming and hospitality industry; this role is a good fit for online MBA Nevada graduates. PayScale lists the median salary for this position at $72,000.
- Casino Director of Operations
A director of operations manages operation processes and procedures. The national median salary is $88,581 per year. With the many moving parts in a casino, and the vast casino employment opportunities in Las Vegas, this position is a good fit for Nevada online MBA program graduates.
- Industrial Production Manager
Nevada employs more than 56,000 workers in the manufacturing industry, and Tesla’s new factory will increase that number significantly. Industrial production managers oversee the daily operations of manufacturing plants and earn an annual median wage of $97,140.
- Energy Manager
According to the Governor’s office of economic development, energy is a leading industry in the state. According to Fortune, the renewable energy industry is creating jobs 12 times faster than the average industry in the U.S.
There are hundreds of online MBA programs available across the country. While many degree programs are similar, they vary in terms of their credits, cost, faculty, and available concentrations. It is important to look at several programs to find the one that best fits your educational and career goals. The following list contains the best online MBA programs in Nevada; all of the featured schools award accredited degrees and provide a top-notch education.
|Rank||School||Location||Cost||Toggle||Logo||Tuition||% Receiving Financial Aid||Student Population||School Type||Description|
University of Nevada - Reno
|Location Reno, NV||Tuition||Tuition $30,000||% Receiving Financial Aid 40%||Student Population 20,898||School Type Public||
ConcentrationsView School Profile
There are many important considerations to make before settling on an online MBA program in Nevada. These include the 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.