In another recent poll, Forbes notes that the state has experienced limited job growth in recent years, creating more competition for top-tier jobs in the business sector. For this reason, an online MBA can greatly benefit students who plan to live and work in New Mexico after graduation.
Online MBA Programs in New Mexico
The following list includes New Mexico's top online MBA programs, all of which are fully accredited. You can use this list to compile a list of all the programs you are considering, and then compare them with one another to determine which one is best for you.
|Rank||School||Location||Cost||Toggle||Logo||Tuition||% Receiving Financial Aid||Student Population||School Type||Description|
Eastern New Mexico University
|Location Portales, NM||Tuition $$$$$||Tuition $8,070||% Receiving Financial Aid 33%||Student Population 5,725||School Type Public||
Eastern New Mexico University offers more than 60 associate, bachelor's, and master's degrees. Students at ENMU attend classes at campuses around the state, online, and at satellite locations. A federally designated, Hispanic-serving institution and a member of the Hispanic Association of Colleges and Universities, the school offers 30 certificate and degree options fully online, including an online MBA in New Mexico.
The online MBA at ENMU requires 10 core courses -- or 30 credit hours -- and emphasizes skills in accounting, finance, management, marketing, law, and ethics. Students can view recorded lectures asynchronously and complete work on their own time. Out-of-state students can also take advantage of lower in-state tuition rates at ENMU if registered for six or fewer hours per semester.
New Mexico Highlands University
|Location Las Vegas, NM||Tuition $$$$$||Tuition $10,064||% Receiving Financial Aid 38%||Student Population 3,499||School Type Public||
Students can earn their online MBA at New Mexico Highlands University either on the main campus in Las Vegas, on smaller campuses around the state, or online. With a student-to-faculty ratio of 15-to-1, students at NMHU can take advantage of individualized attention from instructors and a close-knit learning environment.
The online MBA program at NMHU offers concentrations in international business, finance, accounting, management, human resource management, and management information systems. The program requires 37 credit hours, and students may fulfill coursework online, in-person, or through a combination of both. The MBA program also boasts full programmatic accreditation from the Accreditation Council for Business Schools and Programs. All applicants must submit official transcripts from other universities attended, two letters of recommendation, and a statement of purpose.
New Mexico State University
|Location Las Cruces, NM||Tuition $$$$$||Tuition $30,276||% Receiving Financial Aid 40%||Student Population 15,490||School Type Public||
Home to the first honors college in the state, New Mexico State University offers 90 undergraduate degrees, 58 master's degrees, and a variety of graduate certificate options. Students can complete many of these degrees entirely online, including a graduate degree in business.
NMSU's online MBA consists of 36 credits that make up 12 required courses. Though most coursework is asynchronous, students must participate in some synchronous lectures on weekday evenings. Also, students must have earned certain background undergraduate prerequisites in business, which, if they need to, they may take during a summer session before beginning the MBA program. The online MBA in New Mexico program at NMSU holds accreditation from the Association to Advance Collegiate Schools of Business.
University of the Southwest
|Location Hobbs, NM||Tuition $$$$$||Tuition $21,564||% Receiving Financial Aid 55%||Student Population 1,059||School Type Private||
Located in Hobbs, the University of the Southwest grounds itself in nondenominational Christian beliefs and values. This regionally accredited private institution offers on-campus and online degrees. Students looking to earn an online MBA in New Mexico can do so at USW easily and affordably in as few as 12 months.
The online MBA programs at USW provide students with textbooks and technology as part of their tuition. Previous work experience, prior knowledge, and even military experience may all potentially count towards the required 36 credit hours for this unique MBA, making one's time to completion even shorter. Students earning their MBA at USW can choose from one of 10 concentrations, including marketing, public administration, accounting, and finance. Courses emphasize topics in leadership, information technology, and financial planning. Classes begin every eight weeks.
Western New Mexico University
|Location Silver City, NM||Tuition $$$$$||Tuition $9,000||% Receiving Financial Aid 41%||Student Population 3,354||School Type Public||
With more than 3,500 students enrolled in on-campus and online classes, Western New Mexico University averages 18 students per class. Of the school's available online degrees, WNMU offers a fully online MBA in New Mexico accredited by the Accreditation Council for Business Schools and Programs. Students with or without a bachelor's degree in business can earn their online MBA in New Mexico at WMNU, as different degree plans cater to students who need to fulfill certain prerequisites prior to beginning the MBA.
Students with a 3.2 GPA from the last 64 credit hours of undergraduate work do not need to submit GMAT scores. Students can specialize their degree in international business, management information systems, or healthcare administration.
Why Consider an Online MBA in New Mexico?
Several schools in the state offer online MBA programs, including New Mexico State University, which U.S. News & World Report included on its Best Online MBA Programs ranking in 2019. Other public institutions in the state with online MBA pathways include Eastern New Mexico University, Western New Mexico University, and New Mexico Highlands University.
According to the latest United States Census Bureau data, only one city in the state -- Albuquerque -- has a population that exceeds 100,000. Online MBA programs benefit students in remote areas by allowing them to earn a degree without relocating.
Number of Students Enrolled in Distance Education (2015)
Distance Enrollment by Institution Type (2015)
|All Students||Graduate Students Enrolled in Any Distance|
MBA Concentrations for New Mexico Students
Many students earning an online MBA choose a degree specialization that aligns with their state's top industries. A relevant specialization helps MBA holders distinguish themselves from other job candidates and often leads to career advancement opportunities.
According to the Bureau of Labor Statistics (BLS), New Mexico's top industries related to business administration include office administration and support, transportation and material moving, management, and business and financial operations. These industries each employ at least 35,000 people statewide, as of May 2018. Based on this data, online MBA students planning to work in New Mexico should consider one of the following three specializations.
- Marketing: Marketing specializations introduce strategies for promoting products and brands, executing successful advertising campaigns, and interacting with customers. This specialization prepares students for positions such as marketing manager and market research analyst.
- Finance: Finance specializations include coursework in statistics, business analytics, accounting, and other fields related to money management. Students with this specialization may pursue various business and financial occupations, including financial analysts, management analysts, and financial advisors.
- Operations Management: Operations management specializations introduce efficient and cost-effective strategies for business logistics and supply chain management. The specialization prepares students for careers as logisticians or supply chain managers.
Accreditation in New Mexico
The best online MBA programs in New Mexico are offered through accredited institutions. These schools meet the strict academic and ethical standards set by quality control organizations known as accrediting bodies. Depending on the accrediting body that assesses a school, it may be considered regionally or nationally accredited.
Most nationally accredited schools are vocational or technical institutions, while nonprofit schools typically receive regional accreditation. Of the two types, regional accreditation generally serves as the more prestigious designation. Credits earned at a nationally accredited school are less likely to transfer than those from their regionally accredited counterparts. If you want to improve your career prospects with an online MBA, New Mexico is home to many regionally accredited institutions.
New Mexico Economy, Career, and Job Outlook for MBA Graduates
New Mexico boasts an abundance of natural resources. As a result, mining and logging jobs are prominent throughout the state. According to the BLS, these industries grew more than 10% between April 2018 and April 2019. Other strong industries in New Mexico include construction, which increased 5.3% during this period, and leisure and hospitality, which grew 5.4%.
Other industries related to business administration and management, such as professional and business services, manufacturing, and financial activities, reported little to no growth between April 2018 and April 2019. The BLS also notes that New Mexico's unemployment has decreased by a significant margin in recent years. The statewide unemployment rate stood at 7.5% in April 2019, but it has not exceeded 5.1% since March 2018.
CareerOneStop notes the largest employer in New Mexico, the University of New Mexico Board of Regents, has 12,000 employees. The second- and third-largest employers in the state, the Los Alamos National Laboratory and Sandia Corp., both specialize in scientific research and development. Other top employers in New Mexico include the University of New Mexico and New Mexico State University, ESPN, and the New Mexico Board of Health. Sixteen of New Mexico's 25 largest employers are headquartered in Albuquerque, the state's largest city.
|Company||Location||Main Industry||Number of Employees|
|University of New Mexico Board of Regents||Albuquerque||Postsecondary education||12,000|
|Los Alamos National Laboratory||Los Alamos||Government research and development||11,000|
|Sandia Corp.||Albuquerque||Private research and development||8,761|
An online MBA with a specialization in finance can help students qualify for accounting and/or budgeting positions at these three organizations. Additionally, research and development firms often have inventory and transportation needs and seek candidates with a background in logistics and supply chain management. Other specializations can benefit graduates seeking jobs from other top New Mexico employers. These include sales and marketing specializations for prospective ESPN employees and healthcare administration specializations for those who plan to work for the New Mexico Department of Health.
Earning Potential with an MBA in the State of New Mexico
According to the Georgetown Center on Education and the Workforce (CEW), employees with an online MBA in New Mexico or another business-related graduate degree outearn their counterparts with bachelor's degrees in the same fields. Those with a graduate degree in business management and administration earned a median annual salary of $65,000 in 2015.
By comparison, New Mexico employees with a bachelor's in business management and administration earned $54,000 during the same period. However, the CEW report also noted that earnings for New Mexico employees with a graduate degree in business management and administration fell below the national median earnings for this field, which stood at $81,000 in 2015.
Salary for Graduate Business Majors (2015)
|Major||Median Annual Salary|
|Business Management and Administration||$65,000|
Careers for MBA Grads in New Mexico
Logisticians oversee their organization's supply chain. They coordinate the various steps of a product's life cycle, such as acquisition, production, allocation, and delivery. They also work with executives to implement measures that lower costs and increase efficiency. According to the BLS, logisticians earn a median annual salary of $74,600.
Financial analysts monitor the market performance of stocks, bonds, and other investments. Most analysts are either buy-side analysts, who assist leaders of companies with a high amount of capital, or sell-side analysts, who work with agents selling investments. According to the BLS, financial analysts earn a median annual salary of $85,660.
Personal financial advisors meet with individual clients to discuss investments and money management. They typically assist clients with matters such as insurance, home mortgages, taxes, and retirement planning. Additionally, wealth managers are advisors who consult with relatively wealthy clients. According to the BLS, personal financial advisors earn a median annual salary of $88,890.
Market research analysts review marketing and sales data, then use their findings to promote their organizations' products or services. Important metrics for analysts to consider include consumer demographics and buying patterns, competitor prices, and market trends. According to the BLS, market research analysts earn a median annual salary of $63,120.
Advertising, promotions, and marketing managers oversee different programs that promote their organization's products and services. They routinely meet with other company personnel, such as financial analysts and art directors, to ensure campaigns are engaging and cost-effective. According to the BLS, these managers earn a median annual salary of $132,620.
How to Choose an Online MBA in New Mexico
There are many important considerations to make before settling on an online MBA program in New Mexico. 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.