Online MBA Programs in Wyoming
The first step to finding a career in Wyoming’s many industries is to pick the MBA program and concentration that fits your lifestyle and career goals. The schools on this list are all accredited.
|Rank||School||Location||Cost||Toggle||Logo||Tuition||% Receiving Financial Aid||Student Population||School Type||Description|
University of Wyoming
|Location Laramie, WY||Tuition $$$$$||Tuition $23,640||% Receiving Financial Aid 36%||Student Population 12,648||School Type Public||
The University of Wyoming in Laramie was founded in 1886. Designed for business professionals eager to enter management and increase earning potential, the school's part-time online MBA program combines professional training with decision-making acumen. This completely online degree typically takes two years of full-time enrollment to complete and consists of 30 credit hours. The MBA program holds specific international accreditation from the Association to Advance Collegiate Schools of Business. The University of Wyoming's general accreditation is from the Higher Learning Commission.
Courses for the online MBA include an in-depth study of accounting and finance management, human resources management and decision sciences, and global and international business practices. Applicants must hold a bachelor's degree from an accredited institution, possess five or more years of professional work experience, and a 550 GMAT score or higher. Program participants in the Wyoming MBA online have access to all course materials online, with networking and community-building opportunities intended to produce productive members of the business world.
Why Consider an Online MBA in Wyoming?
Prospective MBA students should consider earning their degree in Wyoming. Although the sparsely populated state does not boast as many potential MBA programs as other places, it offers an excellent online MBA through its well-regarded flagship school, the University of Wyoming in Laramie.
Online learning benefits many students in Wyoming, a state where attending college in person can pose some difficulty to potential learners. As the least populous state with many rural areas and few colleges, Wyoming's online programs offer students a way to pursue a degree while living in their local communities.
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 Wyoming Students
MBA students gain widely applicable skills useful in nearly any industry. Students pursuing an MBA in Wyoming can improve their job prospects even more by choosing a concentration related to one of the state's top industries. Some of the top industries in Wyoming include education and healthcare. The two largest employers in the state, for instance, are both school systems. Students who plan to work in the state after graduating should consider a relevant concentration, like education, healthcare, or management.
- Education: An education concentration prepares MBA students for management, administration, and other high-level roles in education. The concentration familiarizes learners with issues currently relevant to the education field.
- Healthcare: MBA students who choose a healthcare concentration can take management roles in the healthcare sector. Graduates work in hospitals, nursing homes, private practices, consulting firms, and other healthcare organizations.
- Management: A management concentration gives students in-demand skills relevant to any industry. Students explore management theories, strategies, and skills that translate to any workplace.
Accreditation in Wyoming
The best online MBA programs in Wyoming hold accreditation. Accredited schools meet the strict academic and ethical standards set by quality control organizations known as accrediting bodies. Depending on the accrediting body which assesses it, a school may hold regional or national accreditation.
Most for-profit, vocational, or technical institutions receive national accreditation, while public or nonprofit schools typically receive regional accreditation. Of the two types, regional accreditation is generally considered 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, Wyoming also hosts several colleges with accreditation from the Accreditation Council for Collegiate Business Schools and Programs and the Association to Advance Collegiate Schools of Business.
Wyoming Economy, Career, and Job Outlook for MBA Graduates
MBA graduates in Wyoming find a promising job outlook and robust economy. Wyoming's economy mirrors the strong U.S. economy, with employment and income increases in 2018. The state's low unemployment rate of 3.6% indicates that most people who want a job in Wyoming find one.
The top industries in Wyoming include education and healthcare, with the largest employers located in major urban areas. The University of Wyoming in Laramie, Natrona County School District in Casper, and Cheyenne Regional Medical Center in Cheyenne rank among the state's top employers. Other major industries cluster primarily in rural areas and include agriculture, mineral extraction, and energy. Tourism is also an attractive industry, with the state boasting Yellowstone National Park, Grand Teton National Park, and Independence Rock.
The importance of the energy and mineral extraction industries to Wyoming mean the state's economy suffered a few years ago when those industries experienced a downturn. However, Wyoming's economy is expanding again as the energy industry recovers. With their broad-based skills relevant to any industry, MBA holders in Wyoming can expect to find many lucrative career opportunities in coming years.
|Company||Location||Main Industry||Number of Employees|
|University of Wyoming||Laramie||Education||2,800|
|Natrona County School District||Casper||Education||2,500|
|Cheyenne Regional Medical Center||Cheyenne||Healthcare||1,853|
Earning an online MBA can help graduates land a job with one of Wyoming's top employers. The skills that students gain while studying business at the graduate level apply broadly to nearly any industry, including education and healthcare. MBA graduates learn leadership, management, communication, and interpersonal skills useful in nearly any organization, both for-profit and nonprofit. The education and healthcare industries both need leaders who understand how to manage finances and people.
Earning Potential with an MBA in the State of Wyoming
Earning an online MBA can substantially boost earning potential and job prospects in Wyoming. The table below includes salary information for workers with an MBA or bachelor's degree, along with those hired directly from industry. The salaries represent the Western region as a whole, including Alaska, Arizona, California, Colorado, Nevada, Oregon, Utah, and Washington, in addition to Wyoming.
The data gives an idea of what MBA grads can expect to earn compared to individuals with a bachelor's degree or those hired directly from industry. MBA graduates earn a median starting salary double that of a bachelor's graduate. They also earn $15,000 more than direct-from-industry hires.
Median Starting Base Salary Among US Employers in the West
Careers for MBA Grads in Wyoming
Human resources managers earn a median annual salary of $113,300. These managers coordinate the administrative operations of organizations in every industry. They manage employee recruitment, hiring, discipline, and firing. They often serve as an intermediary between an organization's leaders or managers and its employees. In some cases, HR managers participate in strategic planning with their organization's top executives.
Medical and health services managers coordinate, plan, and direct healthcare and medical services. They manage entire facilities or departments. These managers need an understanding of healthcare regulations, laws, and technologies. They work collaboratively with physicians, nurses, and other healthcare workers. Medical and health services managers make a median annual salary of $99,730.
Financial managers earn a median annual salary of $127,990. They help businesses and other organizations make effective financial decisions. These managers make financial recommendations, create reports, and strategize about long-term financial planning for their organizations. They need superior decision-making, communication, organizational, and analytical skills.
Top executives earn a median annual salary of $104,980. They help organizations of all kinds meet their goals by crafting policies and strategies. Top executives manage the financial and other activities of organizations. They also analyze performance indicators, consult with staff, and think of ways to improve policies.
Computer and information systems managers earn a median annual salary of $142,530. They coordinate the computer-related work in organizations. They also strategize about IT goals and help meet them. Many hold a bachelor's in computer science and an MBA.
How to Choose an Online MBA in Wyoming
There are many important considerations to make before settling on an online MBA program in Wyoming. 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.