New Jersey is home to 73 degree-granting institutions of higher education, many of which offer online MBA programs. While the rate of growth for student enrollment in online programs in New Jersey is lower than the national average, the number of students taking distance education courses has been steadily rising. For instance, between 2012 and 2015, the number of students enrolled in distance education in New Jersey increased by 9.3%; this number continues to grow. Pursuing an MBA online provides students with access to the same course materials and faculty as their on-campus counterparts, while also learners them to complete coursework through a more flexible format.

Online MBA Programs in New Jersey

The following list contains the best online MBA programs in New Jersey. Some programs may have on-campus requirements, but all of the schools on this list are accredited regionally or nationally.

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

Caldwell University

Location Caldwell, NJ Tuition $$$$$ Tuition $32,175 % Receiving Financial Aid 66% Student Population 2,138 School Type Private

A Catholic liberal arts institution founded in 1939, Caldwell University hosts an online master of business administration program that students can finish in less than two years. This degree track offers a well-rounded MBA that consists of 11 courses (33 credits). Core classwork covers advanced business strategy, global business management, operations management, and strategic human resource management. Additionally, all graduate students must complete a capstone course and project.

Incoming students to this online MBA program in New Jersey may transfer up to six graduate-level credits from other accredited schools, provided they earned these credits within the last five years. Applicants who already hold a bachelor's degree in business must submit two letters of recommendation, a personal statement, and boast at least three years of substantial business experience. Prospective students with undergraduate degrees in nonbusiness fields must complete prerequisite courses in economics and basic accounting, submit three letters of recommendation, and interview with the admissions team.


Concentrations

Centenary University

Location Hackettstown, NJ Tuition $$$$$ Tuition $34,905 % Receiving Financial Aid 63% Student Population 2,284 School Type Private

Established in 1867, Centenary University is a private liberal arts institution located in Hackettstown. The school offers a master of business administration that students can complete through online and hybrid formats. By taking eight-week accelerated courses, distance learners graduate in approximately two years. Students take 13 courses (39 credits) and complete a business strategy capstone course at the end of the program. MBA students select five elective classes, choosing from courses in global business environment, financial management, quantitative analysis, human resource management, organizational theory, and challenges in marketing.

Graduates of this New Jersey online MBA program understand the legal and cultural components of productive workplaces and gain the ability to analyze and improve business performance. Applications should include a personal statement and a list of academic references. Centenary University's MBA program holds accreditation from the International Assembly for Collegiate Business Education.


Rowan University

Location Glassboro, NJ Tuition $$$$$ Tuition $32,076 % Receiving Financial Aid 57% Student Population 16,155 School Type Public

Rowan University -- a public research institution located in Glassboro -- opened its doors in 1923. Students at Rowan can pursue a master of business administration through hybrid or online formats. Participants enroll part time and complete 12 graduate classes, which consist of nine required courses and three electives. Students typically take two courses per semester for six consecutive semesters. Degrees seekers can complete the program in less than 24 months.

Required courses include marketing management, managerial accounting, international business, and society and managing organizational strategy. Prospective graduate students must submit a resume, a statement of professional objectives, two letters of recommendation, and GRE scores. Competitive applicants boast a minimum 2.5 undergraduate GPA. Rowan also expects applicants to have completed foundational courses in calculus, statistics, accounting, marketing, finance, and operations management.


Montclair State University

Location Montclair, NJ Tuition $$$$$ Tuition $29,900 % Receiving Financial Aid 60% Student Population 20,465 School Type Public

Established as a public research institution in 1908, Montclair State University currently offers an online master of business administration degree with concentrations in digital marketing, human resources management, marketing, and project management. Accredited by the Association to Advance Collegiate Schools of Business, this MBA program features courses in managing the multibusiness firm, emerging trends in global markets, sustainability and corporate responsibility, and negotiation in the workplace.

This flexible New Jersey online MBA program allows students to choose from six starting points throughout the calendar year. While students can pursue any of the school's concentrations entirely online, Montclair State also offers a hybrid Saturday MBA program for learners who want to receive face-to-face instruction. Faculty deliver courses asynchronously to provide flexibility for working adults. Degree seekers complete 36-39 credits to graduate. Applicants must submit their GMAT or GRE scores unless they earned an undergrad GPA of 3.0 or higher. Accepted students without prior coursework in accounting, statistics, and finance can take self-paced modules in those areas to meet prerequisites.


Concentrations

New Jersey Institute of Technology

Location Newark, NJ Tuition $$$$$ Tuition $51,504 % Receiving Financial Aid 47% Student Population 11,325 School Type Public

Established in Newark in 1881, New Jersey Institute of Technology operates as a public research university and educates approximately 11,500 students. Among its catalog of more than 65 graduate programs, the school offers a master of business administration degree that students can complete entirely online. Accredited by the Association to Advance Collegiate Schools of Business International, NJIT's MBA includes specialized tracks in management information systems, finance, and marketing. Students may also earn a graduate-level certificate in management essentials or management of technology.

Students enrolled in this online MBA program in New Jersey take classes that cover management consulting, competing in global markets, and managerial economics. Students must complete 48 credits to graduate, and each degree track features 12 credits of specialization-specific coursework and six credits of capstone courses. Applicants must hold a bachelor's degree from a regionally accredited school earned with a minimum 2.8 GPA, and competitive students should possess a minimum 500 GMAT score (or the GRE equivalent). Applications also ask for one letter of recommendation, a personal statement, and a resume.


Concentrations

Rider University

Location Lawrenceville, NJ Tuition $$$$$ Tuition $34,980 % Receiving Financial Aid 64% Student Population 5,069 School Type Private

Established in 1865, Rider University is a private school located in Lawrenceville. Its master of business administration degree focuses on advanced business theory, collaborative projects, and case analyses. Students take classes asynchronously and participate in online discussion boards, team projects, and presentations. Learners need to complete 32 credits to graduate, and full-time distance students can finish the program in as few as 12 months.

Degrees seekers can apply for conditional admission into this New Jersey online MBA program and take any/all prerequisite courses entirely online. Incoming students may also take waiver exams to avoid taking prerequisite classes, including calculus, statistics, accounting, management, and economics. Accepted students receive a dedicated academic coordinator to assist with scheduling and registration. These coordinators also act as academic advisers and help distance learners graduate on time. Incoming students can transfer up to six graduate-level business credits as electives toward their degree. Applicants must hold a 3.3 GPA or higher and submit their GMAT scores.


Concentrations

Rutgers University - Camden

Location Camden, NJ Tuition $$$$$ Tuition $81,360 % Receiving Financial Aid 72% Student Population 6,408 School Type Public

Founded in 1766, Rutgers University-Camden hosts many distance learning programs, including a master of business administration that students can complete entirely online. This program holds accreditation from the Association to Advance Collegiate Schools of Business International. Students learn to serve as ethical, inclusive, and transformational business leaders who can facilitate change and deliver positive results. MBA students need 42 credits to graduate and can earn their degree in two years or less.

Prospective students should hold a bachelor's degree from a regionally accredited institution earned with a 3.2 GPA or higher. Applications also need to include GMAT, GRE, or LSAT scores; a personal statement; two letters of recommendation; and a resume. Graduates of this online MBA program in New Jersey can secure employment as operations research analysts, information technology managers, human resource specialists, and information security analysts.


Stevens Institute of Technology

Location Hoboken, NJ Tuition $$$$$ Tuition $74,592 % Receiving Financial Aid 63% Student Population 6,359 School Type Private

Stevens Institute of Technology -- a private institution located in Hoboken -- serves approximately 6,200 students and stands as one of the oldest technical schools in the nation. Its online master of business administration program focuses on technology-based management education and emphasizes leadership, innovation, and business analytics. Incoming students may need to take prerequisite courses in financial management, managerial accounting, and/or economics. Core courses at Stevens include leader development, applied analytics, and administrative judgment. MBA students choose four elective courses to create a flexible specialization. Learners also take a capstone class where they demonstrate mastery of course materials.

Students enrolled in this online MBA program in New Jersey may choose to participate in the Field Consulting Program. This internship-style opportunity involves hands-on work with managers and employees of actual companies, giving distance learners a practical business experience. Applicants must submit their GRE or GMAT scores and two letters of recommendation.


Concentrations

Thomas Edison State University

Location Trenton, NJ Tuition $$$$$ Tuition $27,846 % Receiving Financial Aid 14% Student Population 13,093 School Type Public

Established in 1972, Thomas Edison State University is a public institution located in Trenton. The school offers an accelerated, career-focused master of business administration that students can complete entirely online. Available concentrations include accounting, data analytics, finance, healthcare management, human resource management, and marketing. Faculty deliver some required courses synchronously, requiring students to login and participate at specific times. Each class lasts eight weeks, and full-time students can complete the program in as few as 15 months.

This New Jersey online MBA program does not usually ask applicants to submit standardized test scores, although the dean may request GMAT scores on a case-by-case basis. Competitive applicants hold a bachelor's degree from a regionally accredited college or university earned with a 3.0 GPA or higher. Applicants should also boast at least two years of work experience and a solid understanding of business activities, including marketing, financial reporting, management, and operations. Prospective students must submit a personal essay and a resume as part of their application packet.


Concentrations

Seton Hall University

Location South Orange, NJ Tuition $$$$$ Tuition $52,200 % Receiving Financial Aid 56% Student Population 9,836 School Type Private

A private Roman Catholic institution, Seton Hall University operates out of South Orange. Established in 1856, the school's student body consists of approximately 12,000 students. Seton Hall offers a 40-credit master of business administration degree for online students, and full-time learners can complete this program in about two years. Participants chose from concentrations in accounting, finance, and marketing. Students focus on accruing cross-functional business knowledge, analytical skills, international business savvy, and leadership skills.

Competitive applicants hold a minimum 3.0 GPA and a score of at least 500 on the GMAT (or a 152 on both the quantitative and verbal sections of the GRE). Prospective students with more than five years of work experience and a GPA of at least 3.4 need not submit test scores. Individuals who earn this online MBA in New Jersey can seek out positions as compliance officers, financial managers, business operations managers, and marketing managers.


Concentrations

Why Consider an Online MBA in New Jersey?

Numerous business schools in New Jersey offer entirely online MBA programs, including Montclair State University, Rutgers University, New Jersey Institute of Technology, and Caldwell University. Several other universities and colleges provide hybrid options, where students complete a portion of their required credits on campus and the rest of the program online. One of the many advantages of earning an online MBA in New Jersey is that it allows students to live in more affordable areas while still attending excellent schools. For instance, the cost of living in Newark -- the location of one of Rutgers' regional campuses -- is 22% higher than the national average.

Number of Students Enrolled in Distance Education (2015)

Undergraduate Graduate
Any Distance 74,100 13,195
Exclusively Distance 22,988 7,365
On-Campus 337,142 56,315

Source: Distance Education State Almanac 2017

Distance Enrollment by Institution Type (2015)

All Students Graduate Students Enrolled in Any Distance
Private for-profit 10,401 291
Private not-for-profit 73,666 4,600
Public 339,743 8,304

Source: Distance Education State Almanac 2017

MBA Concentrations for New Jersey Students

The main industries in the Garden State include life sciences, food, healthcare, technology, financial services, logistics, and manufacturing. New Jersey is home to almost 22,000 healthcare establishments, 12 of the country's top pharmaceutical companies, several large food companies, 11,420 financial services or insurance establishments, and nearly 10,000 manufacturers. All of these sectors require managers and executive level professionals to coordinate, plan, and direct day-to-day operations. Students pursuing an online MBA in New Jersey can benefit from choosing a concentration aligned with one of these industries.

  • Healthcare Administration: An MBA with a healthcare administration concentration prepares graduates to work in managerial or executive-level positions within hospitals, doctors' offices, nursing homes, and other healthcare facilities.
  • Human Resource Administration: An MBA with a concentration in human resource administration prepares learners to oversee issues related to recruitment and hiring, employee training and development, and compensation and benefits. These workers can also serve as liaisons between employees and upper-level executives.
  • Professional Accounting: An MBA with a concentration in professional accounting introduces degree seekers to accounting theory and corporate finance, preparing them to sit for the CPA exam.

Accreditation in New Jersey

The best online MBA programs in New Jersey are offered by accredited institutions. These schools have met strict academic and ethical standards set by quality control organizations known as accrediting bodies. Depending on the accrediting body that assesses a school, it can earn regional or national accreditation.

Most nationally accredited schools are for-profit vocational or technical institutions, while nonprofit schools typically receive regional accreditation. Of the two types, regional accreditation is generally considered more prestigious. Credits earned at a nationally accredited school are less likely to transfer than those from regionally accredited institutions. If you want to improve your career prospects with an online MBA, New Jersey is home to many regionally accredited colleges and universities.

New Jersey Economy, Career, and Job Outlook for MBA Graduates

Industries in New Jersey are fairly diverse and span the fields of technology, healthcare, manufacturing, life sciences, and financial services. All of these industries require professionals who are knowledgeable and competent in managing and overseeing operational and organizational details.

Additionally, New Jersey is one of the top-paying states for management occupations -- these workers earn an annual mean wage above $150,000. The New York-Newark-Jersey City metropolitan area also has the highest employment level for management occupations, with more than 500,000 individuals working in managerial positions.

Metropolitan areas such as New Brunswick, Newark, and Madison are home to major corporate headquarters, including Johnson & Johnson, Prudential Financial, Merck, Honeywell International, and NRG Energy. Data indicate that job opportunities in the management and business administration fields are expected to grow in the coming years. For instance, the Bureau of Labor Statistics projects that the number of financial manager positions in the United States will grow by 19% between 2016 and 2026 -- much faster than the average growth for all other occupations in the country.

Pursuing an online MBA can help students find a flourishing career in a strong economic landscape. The table below includes information about New Jersey's top three employers, which fall within the sectors of manufacturing, national security, and scientific and technical consulting.

Company Location Main Industry Number of Employees
Johnson Controls Princeton Manufacturing 69,000
McGuire Airforce Base McGuire Afb National security 42,000
Northeast Automation of America Westfield Scientific and technical consulting 40,000

Source: Career One Stop

The core curriculum of an MBA program covers business-related subject areas like economics, finance, organizational behavior, marketing, accounting, and human resources. Many programs offer students the option to specialize further and pursue concentrations geared toward specific industries, such as healthcare administration or professional accounting. Concentrations in information security, strategic operations, or human resources may be particularly beneficial for workers in New Jersey.

Earning Potential with an MBA in the State of New Jersey

Careers in business management or administration are generally stable and pay well. Earning an online MBA can lead to more career opportunities and an increase in your earning potential. As demonstrated in the table below, graduates of general business and business management and administration graduate programs have the potential to earn an annual salary of over $100,000 in New Jersey. However, one's wages can vary depending on a number of factors, including a worker's occupation and title, employer and company size, company location and regional cost of living, and years of work experience.

Salary for Graduate Business Majors (2015)

Major Median Annual Salary
Business Management and Administration $104,000
Business Management and Administration $103,000

Source: Center on Education and the Workforce

Careers for MBA Grads in New Jersey

Medical and Health Services Manager

Medical and health services managers coordinate the day-to-day operations of healthcare facilities to provide and improve medical and health services. They ensure their organization is compliant with healthcare regulations and laws, supervise staff, monitor budgets, and handle other details related to organization and communication. In 2018, medical and health services managers made an annual median salary of $99,730.


Human Resources Manager

Human resources managers typically supervise the human resource department of a particular organization or company. They are responsible for recruitment and hiring, staff development and training, coordinating work schedules, compensation and benefits, and managing other staffing issues. They often act as mediators between employees and upper management. In 2018, human resources managers earned an annual median salary of $113,300.


Financial Manager

Financial managers conduct the financial planning for an organization or corporation. They prepare financial reports, monitor and direct investment decisions, and develop strategies for long-term financial plans to reduce costs and maximize profits. In 2018, financial managers earned an annual median salary of $127,990.


Computer and Information Systems Manager

Computer and information systems managers evaluate an organization's information technology needs and devise strategies and systems to meet those needs. They oversee the planning and installation of computer hardware and software, protect information and network security, and coordinate the work of other IT professionals. In 2018, computer and information systems managers made an annual median salary of $142,530.


Industrial Production Manager

Industrial production managers coordinate and direct the daily activities and operations of manufacturing and related plants. They develop strategies for meeting production goals, manage budgets, train and monitor workers, ensure equipment and working conditions meet safety standards and regulations, and fix any production problems. In 2018, industrial production managers earned a median annual salary of $103,380.

How to Choose an Online MBA in New Jersey

There are many important considerations to make before settling on an online MBA program in New Jersey. 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.

Online MBA Programs in Surrounding States