Online MBA Programs in Vermont
Below you will find a list of the best online MBA programs in Vermont. In order to help you find the program that fits with your personal and career goals, this list includes information about each program’s requirements, coursework, and format, as well as other unique details. All of the schools on this list are accredited.
|Rank||School||Location||Cost||Toggle||Logo||Tuition||% Receiving Financial Aid||Student Population||School Type||Description|
|Location Burlington, VT||Tuition $$$$$||Tuition $28,620||% Receiving Financial Aid 63%||Student Population 4,006||School Type Private||
Located in Burlington, Champlain offers a flexible MBA employing a systems thinking framework, making it one of the most unique online MBAs in Vermont. Tailored toward self-motivated working professionals and delivered completely online, the program's structure consists of two eight-week terms per semester and three semesters per year.
Distance learners complete 24-30 credits for the core MBA, and may opt to complete a 12-credit certificate in one of nine specializations, including positive organization development, healthcare administration, and employment law. Most students complete the program in one year by taking six credits per eight-week term. Students can extend the completion time to two years by taking one class per term.
Champlain evaluates applicants' backgrounds holistically and charges no application fee. Students with a bachelor's degree in an area other than business must fulfill prerequisites in management and accounting.
Green Mountain College
|Location Poultney, VT||Tuition $$$$$||Tuition $30,525||% Receiving Financial Aid 71%||Student Population 864||School Type Private||
Founded in 1884 in Poultney, GMC prides itself on its sustainable MBA program, the first completely online program of its kind. In addition to GMC's distinguished online MBA, Vermont also offers a host of benefits for sustainability-minded distance learners, including affordable tuition rates and an environmentally aware culture.
The MBA program operates on a cohort model, with typical class sizes of 10-18 students. Distance learners begin the program with one four-day on-campus residency intensive per year. Students complete 37 credits of six-week courses in sequence and two capstone projects. Coursework includes sustainable operations and systems thinking, triple bottom line measurement and reporting, and accounting for sustainable organization management.
Admission requirements include a 3.0 GPA, two years of work experience, and evidence of quantitative skills through a GMAT score or GMC's quantitative skills analysis. The school grants test score waivers for qualified applicants and accepts up to nine transfer credits.
|Location Northfield, VT||Tuition $$$$$||Tuition $28,512||% Receiving Financial Aid 64%||Student Population 3,870||School Type Private||
Located in Northfield and founded in 1819, Norwich boasts 200 years of experience training industry leaders in Vermont. Online MBA program options at Norwich include six concentrations, such as construction management, energy management, and a project management concentration that prepares students to sit for the Project Management Institute exams.
Distance learners complete 36 credits for the MBA through six 11-week classes taken one class at a time, culminating in a final one-week residency. Core coursework includes strategic resource management and managerial finance. Students must conduct a three-semester independent research project with a corporate partner. Most students complete the program within 18-24 months.
Distance learners can access around-the-clock helpdesk support. The school accepts up to 12 transfer credits, and students may choose from four start dates per year. Norwich alums, employees, and members of partner companies receive tuition discounts. Admission requirements for this Vermont online MBA include a minimum GPA of 2.75.
Why Consider an Online MBA in Vermont?
Several of Vermont's universities and colleges offer online MBA programs. According to the Vermont Education Council's state of higher education report for 2017, business administration and management represented a top field of master's-level academic study, based on the number of degree conferrals. These programs grant online students access to the same quality curricula, faculty, and student resources that on-campus programs offer traditional students.
Some programs follow a hybrid format, requiring a short residency program or occasional on-campus meetings. Students should research their online MBA programs of interest to find more information regarding tuition costs, delivery format, admission and curriculum requirements, and field experience opportunities.
Number of Students Enrolled in Distance Education (2015)
Source: Distance Education State Almanac
Distance Enrollment by Institution Type (2015)
|All Students||Graduate Students Enrolled in Any Distance|
Source: Distance Education State Almanac
MBA Concentrations for Vermont Students
Vermont's key industries include manufacturing, software development, financial services and insurance, renewable energy, food and beverages, tourism, healthcare, education, and professional and creative services. Many online MBA programs in Vermont offer concentrations in specific areas and industries, such as organizational development, employment law, information security, leadership, human resource management, healthcare administration, and energy management.
Students may increase their job prospects in the state by choosing an area of specialization that aligns with Vermont's economic landscape. Below are three specialization options that may prove particularly useful in Vermont's leading industries.
- Healthcare Administration An MBA with a concentration in healthcare administration prepares students for managerial careers in hospitals, physician's offices, nursing homes, or other healthcare facilities.
- Finance An MBA with a concentration in finance emphasizes topics such as financial analysis and reporting, cash flow, capital budgeting, valuation models, and risk and return analysis.
- Supply Chain Management An MBA with a concentration in supply chain management prepares students to manage relationships with suppliers, inventory strategy, parts distribution, and sales and operations planning.
Accreditation in Vermont
The best online MBA programs in Vermont are offered through accredited institutions. These schools meet strict academic and ethical standards set by quality control organizations called accrediting bodies. Depending on the accrediting body, a school may obtain either regional or national accreditation. National accreditation usually applies to for-profit vocational or technical institutions, while nonprofit schools typically receive regional accreditation.
Of the two accreditation types, regional is generally considered more prestigious. Credits from nationally accredited schools don't transfer as easily as those from regionally accredited institutions. If you want to improve your career prospects with an online MBA, Vermont offers many regionally accredited institutions.
Vermont Economy, Career, and Job Outlook for MBA Graduates
Vermont is a popular tourism destination, especially for skiing, camping, and hiking, among other outdoor activities. Two of the state's top employers, shown in the table below, are lodges and resorts. These offer skiing in the winter and other activities and amenities during the fall, spring, and summer months. In addition to tourism, Vermont offers several other key industries such as healthcare, finance, and education.
Vermont's healthcare landscape includes several nonprofit hospitals, community healthcare centers, medical manufacturing and software development companies, and university research medical centers. In fact, the University of Vermont medical center is the state's largest employer.
All of the industries below employ managers or executives to supervise staff and coordinate operational activities. According to the U.S. Bureau of Labor Statistics (BLS), 16,170 individuals in the Vermont workforce worked in management occupations in 2018, and this number has likely increased. The BLS projects healthcare administration positions to grow at a particularly fast rate of 20% -- much higher than the national average growth rate for all positions.
Students pursuing an online MBA in Vermont can take advantage of this expansion by tailoring their degree to the state's economic landscape.
|Company||Location||Main Industry||Number of Employees|
|University of Vermont Medical Center||Burlington||Healthcare||6,405|
|Jay Peak Resort||Jay Peak||Tourism and Hospitality||2,000|
|Killington Grand Resort||Killington||Tourism and Hospitality||2,000|
Source: Career One Stop
Graduates with online MBAs would qualify to work at one of Vermont's top employers (shown above) in management or administrative capacities. As students, these learners may benefit from choosing concentrations in healthcare administration, supply chain management, operations management, finance, or human resource management -- all of which can apply to the above companies and industries. In MBA programs that do not offer specializations, students can curate a selection of electives with potential jobs and industries in mind.
Earning Potential with an MBA in the State of Vermont
Graduating from an online MBA program can increase students' earning potential and expand their job outlook. MBAs qualify professionals for managerial and executive-level positions, which generally pay more, as illustrated by the table below. The salaries listed below represent the entire Northeast region, which consists of Connecticut, Delaware, Massachusetts, New Jersey, New York, Pennsylvania, and Vermont.
While these numbers don't apply specifically to Vermont, but they provide a general idea of the base salaries MBA graduates can expect to earn relative to other direct-from-industry hires and candidates with bachelor's degrees.
Median Starting Base Salary Among US Employers, by US Region
Careers for MBA Grads in Vermont
Healthcare administrators oversee a specific department, a medical practice, or an entire healthcare facility. They coordinate the delivery of health services, train and supervise employees, manage finances and budgeting issues, maintain and monitor patient records, and manage all other operational details. According to the BLS, the mean annual wage for healthcare administrators was $99,730 in 2018.
Financial managers organize and direct the financial aspects of a company or organization. They draft financial reports, analyze financial trends, supervise an organization's finance department or other employees, and strategize to reduce costs and maximize profits. According to the BLS, finance managers earned a mean annual salary of $127,990 in 2018.
Strategic sourcing managers devise plans for organizations to streamline operations and increase cost effectiveness in the production of goods or services. They interact with suppliers, vendors, purchasing departments, and stakeholders. According to PayScale, strategic sourcing managers make an average annual salary of about $90,000.
Operations managers oversee the production and delivery of goods and services, including purchasing, warehousing, and manufacturing. These professionals hire and supervise employees, manage budgets, balance operational costs, ensure compliance with government regulations, and coordinate other organizational details. According to PayScale, operations managers earn an average annual salary of about $64,000.
Information technology managers coordinate and manage an organization's computer systems and all information technology-related activities. They evaluate an organization's computer needs and design plans to solve them. These professionals also direct the installation of hardware and software and supervise the work of other IT professionals. According to the BLS, IT managers made a mean annual salary of $142,530 in 2018.
How to Choose an Online MBA in Vermont
There are many important considerations to make before settling on an online MBA program in Vermont. 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.