The Best Online MBA Programs of 2023

Updated January 30, 2023

Looking for a flexible, affordable MBA program to fit your lifestyle and advance your career? Explore the best online MBA programs of 2023 in this guide.

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Explore the top five online MBA programs of 2023. Want to learn more about how we rank schools? Click the link below to learn about our methodology.

Top 5 Online MBA Programs: At a Glance
Rank School Admissions Insights Outcomes by the Numbers

1.

University of Florida | Gainesville, FL

  • Minimum Undergrad GPA: 2.0
  • Admission Rate: 30%
  • Total Tuition and Fees: $49,205 (online 1-year); $59,808 (online 2-year)

2.

Rice University | Houston, TX

  • Minimum Undergrad GPA:
  • Admission Rate: 9%
  • Total Tuition and Fees: $113,400

3.

Western Governors University | Salt Lake City, UT

  • Admission rate: 100%
  • Average Student Age: 35.2
  • Total Tuition and Fees: $18,920
  • Average Starting Salary: $48,210

4.

University of Minnesota Twin Cities |Minneapolis, MN

  • Acceptance Rate: 73%
  • Total Tuition and Fees: $1,605 per credit
  • Average Starting Salary: $114,749

5.

Texas A&M International University | Laredo, TX

  • Acceptance Rate: 54%
  • Average Student Age: 33
  • Total Tuition and Fees: $11,010 total (in-state); $30,900 total (out-of-state)

#1 The Best Online MBA Programs of 2023

University of Florida

  • Gainesville, FL
  • 4 years
  • Online + Campus

Located in Gainesville Florida in proximity to beaches and theme parks, the University of Florida enrolls over 53,000 students. UF offers over 300 degree tracks, including various graduate programs. 

Hough Graduate School of Business

UF's Hough Graduate School of Business offers 1-2 year MBA program tracks for on-campus and distance learners.

UF's online MBA program features the same renowned faculty and rigorous coursework as the on-campus program. Students may pursue a 16-month accelerated track or a more traditionally paced 24-month track. The accelerated program suits learners with an undergraduate degree in business who meet specific program-eligibility requirements.

Students complete all coursework online. But, an in-person orientation in Gainesville is required, and additional on-campus residencies are encouraged. These intensive programs max out at 65 students per cohort to foster stronger connections between faculty and students.

Applying to UF

Admission to both the one- and two-year program requires an undergraduate degree from an accredited institution, a minimum of two years of professional experience, two letters of recommendation, and an entrance essay. Some applicants may be invited for an interview.

Program at a Glance 

  • School Type: Public
  • Accreditation: SACSCOC, AACSB
  • Tuition: $49,205 total (one-year program); $59,807 total (two-year program) 
  • Required Credits: 32 (one-year); 48 (two-year)
  • Program Length: 1-2 years
  • Delivery Format: 100% Online (coursework online, on-campus orientation required)
Average Tuition
In-state
$4,477
Out-of-state
$25,694
Retention Rate
97%
Admission Rate
31%
Students Enrolled
53,372
Institution Type
Public
Percent Online Enrollment
92% Percentage of all students who are enrolled online.
Accreditation
Yes Southern Association of Colleges and Schools Commission on Colleges

#2 The Best Online MBA Programs of 2023

Rice University

  • Houston, TX
  • 4 years
  • Online + Campus

Situated on an 300-acre campus in the heart of Houston, Rice University enrolls students in over 50 undergraduate programs and offers many graduate degrees.

Jones Graduate School of Business

Rice University's 54-credit online MBA gives students the flexibility to tailor their learning toward their career goals. With 13.5 credits of electives built into the curriculum, students can take courses in marketing, finance, strategy, and entrepreneurship. 

The program culminates in a collaborative capstone course where students create a workable solution to a business-centered problem. They can receive help and input from real executives working at not-for-profit community organizations.

Students complete all coursework online through live, courses streamed weekly. They must also attend some on-campus "Rice Residential" events.

Rice's MBA Specializations

Corporate Strategy | Corporate Finance | Investment Management | Marketing | Entrepreneurship | Energy | Healthcare

Applying to Rice

Candidates must submit official transcripts, an online application, letters of recommendation, a detailed professional history, admissions essays, and a $150 application fee. All candidates must also sit for an interview.

Program at a Glance

  • School Type: Private
  • Accreditation: SACSCOC, AACSB
  • Tuition: $2,100 per credit 
  • Required Credits: 54 credits
  • Program Length: 2 years
  • Delivery Format: Hybrid (online with minimal on-campus residencies), synchronous
Average Tuition
In-state
$50,310
Out-of-state
$50,310
Retention Rate
97%
Admission Rate
11%
Students Enrolled
7,643
Institution Type
Private
Percent Online Enrollment
93% Percentage of all students who are enrolled online.
Accreditation
Yes Southern Association of Colleges and Schools Commission on Colleges

#3 The Best Online MBA Programs of 2023

Western Governors University

  • Salt Lake City, UT
  • 4 years
  • Online

Western Governors University's student body of more than 138,000 resides across all 50 states. Excelling in distance education, WGU operates on a competency model that allows students to get credit for the skills they learn.

WGU Online Master of Business Administration

Western Governor University's fully online MBA program offers students the flexibility to complete coursework anywhere, anytime, and earn credit as they master skills. The school's competency-education model emphasizes earning credit for the experience and skills students already have, allowing learners to complete their degrees faster.

Students work with their instructors and a program mentor to develop and follow a specialized degree plan tailored to their experience, interests, and goals. Students demonstrate competency by completing course assessments and requirements. 

The program culminates in a capstone course. Students demonstrate their skills by identifying and solving a real-world business problem. 

WGU's MBA Specializations

Management | Economics | Marketing | Accounting | Leadership | Finance | Strategy

Applying to WGU

Applicants to WGU must submit official transcripts from an accredited undergraduate program, submit an online application form, and speak with an enrollment counselor.

Program at a Glance

  • School Type: Private
  • Accreditation: NWCCU, ACBSP
  • Tuition: $4,530 per six-month term
  • Required Credits: 11 courses
  • Program Length: 1 year
  • Delivery Format: 100% online, asynchronous
Average Tuition
In-state
$6,380
Out-of-state
$6,380
Retention Rate
75%
Admission Rate
Not provided
Students Enrolled
147,866
Institution Type
Private
Percent Online Enrollment
Not provided
Accreditation
Yes Northwest Commission on Colleges and Universities

#4 The Best Online MBA Programs of 2023

University of Minnesota-Twin Cities

  • Minneapolis, MN
  • 4 years
  • Online + Campus

With an urban campus situated on the Mississippi River, the University of Minnesota Twin Cities enrolls more than 50,000 students. UMTC offers over 200 graduate and professional programs, with online, on-campus, and hybrid options.

Carlson School of Management

UMTC’s Carlson School of Management offers a 52-credit fully online MBA for students seeking both flexibility and collaboration. In addition to completing online coursework on their own time, students can participate in live, virtual interactions with peers and faculty members.

Typically requiring about two years to complete, UMTC's online MBA allows learners to tailor their coursework to their interests. The program offers foundational courses in business and industry-specific courses to help students hone their skills in various fields.

Students can benefit from services like career counseling, mock interviews, networking events, job search tools, and career fairs. 

UMTC's MBA Specializations

Financial Accounting | Data Analysis and Statistics | Managerial Economics | Marketing | Supply Chain and Operations | Financial Management | IT Management | Strategic Management | Business Ethics

Applying to UMTC

Applicants must submit a personal statement essay, GMAT, EA or GRE scores, evidence of two years of full-time work experience, two professional recommendations, a video essay, a current resume, and official undergraduate transcripts.

Program at a Glance 

  • School Type: Public
  • Accreditation: HLC, AACSB
  • Tuition: $1,605 per credit
  • Required Credits: 52 credits
  • Program Length: 2-3 years
  • Delivery Format: 100% online, asynchronous
Average Tuition
In-state
$13,318
Out-of-state
$31,616
Retention Rate
93%
Admission Rate
70%
Students Enrolled
52,017
Institution Type
Public
Percent Online Enrollment
83% Percentage of all students who are enrolled online.
Accreditation
Yes Higher Learning Commission

#5 The Best Online MBA Programs of 2023

Texas A & M International University

  • Laredo, TX
  • 4 years
  • Online + Campus

Part of the massive Texas A&M University system, Texas A&M International University enrolls over 8,400 students in online and on-campus programs at its home location in Laredo, Texas. Situated just near Mexico, the campus embraces a large, diverse multilingual community. 

A.R. Sanchez, Jr. School of Business

TAMIU’s A.R. Sanchez, Jr. School of Business offers an expansive list of fully online degree programs, including a 30-credit MBA designed with students' interests and goals in mind. Learners can choose from six specializations including management, international banking and finance, international business, and criminal justice.

Each program pathway features prep courses to prepare students without a background in business for graduate study. The two-credit prep-module courses cover foundational topics in business like finance, accounting, management, and marketing.

Online MBA students at TAMIU often complete their program within 21-24 months. Coursework is delivered fully online, asynchronously, with no on-campus requirements.

TAMIU's MBA Specializations

Management | International Banking and Finance | International Business | International Trade and Logistics | Criminal Justice | Healthcare Administration

Applying to TAMIU

For automatic admission, applicants must submit official transcripts from an undergraduate business degree with a GPA of at least 3.25 and a resume with three references. Applicants without a business degree can still gain admission after a special review of their transcripts.

Program at a Glance

  • School Type: Public
  • Accreditation: SACSCOC, AACSB
  • Tuition: $11,010 total (in-state); $30,900 total (out-of-state)
  • Required Credits: 30 credits
  • Program Length: 21-24 months
  • Delivery Format: 100% online, asynchronous
Average Tuition
In-state
$3,818
Out-of-state
$13,634
Retention Rate
74%
Admission Rate
59%
Students Enrolled
8,525
Institution Type
Public
Percent Online Enrollment
59% Percentage of all students who are enrolled online.
Accreditation
Yes Southern Association of Colleges and Schools Commission on Colleges

Common Questions About The Best Online MBA Programs of 2023

Are online MBA degrees respected?

Yes. Students who earn their MBA online receive the same education and degree as learners in on-campus programs. Employers respect online MBA degrees just as much as their on-campus counterparts. Your college diploma will not reflect that you graduated from an online program. 

Is a top online MBA worth it?

Yes. Earning a graduate degree can help you advance your career and increase your earning potential. MBA holders earn a median salary 75% higher than those with bachelor's degrees, according to the Graduate Management Admission's Council 2020 survey. This means that earning an MBA can be a great investment with a high return. 

What are the advantages of an online MBA program?

Earning your MBA online offers more flexibility and convenience than traditional on-campus programs, allowing students to work while earning their degree. Online learning often allows students the opportunity to network and grow their skillset without interrupting their daily life.

What should I look for in an online MBA program?

Look for a program that you can tailor to your interests and career goals. Seek a program that offers affordability and flexibility to best suit your budget and your lifestyle. If you want a hybrid option, look for a program close enough to you so you can complete on-campus requirements. Ensure that you attend an accredited school, which means it meets educational standards.

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