The Best Online MBA Programs of 2022

| OnlineMBA.com Staff Modified on May 3, 2022

The Best Online MBA Programs of 2022

Are you ready to discover your MBA program?

Online MBA programs teach foundational business concepts through core courses like accounting, finance, and leadership. Students pursuing online MBA programs often continue their full-time employment while completing their studies, enjoying the benefits of a prestigious education without the hassle of moving to a new location.

MBA graduates can use their credentials to pursue advancement opportunities in a healthy job market. The Bureau of Labor Statistics (BLS) projects 8% growth for business and financial jobs between 2020 and 2030, which is the average growth rate for all occupations.

Students pursuing online MBA programs often continue their full-time employment while completing their studies, enjoying the benefits of a prestigious education without the hassle of moving to a new location.

On this page, readers can learn about the top five online MBA programs. With details about each school, including degree expectations, this list serves as an excellent resource for prospective students. The page also discusses considerations for selecting a business school, plus information about specializations and career possibilities.

Our rankings of the top online MBA programs in the United States highlights five leading business schools. To learn more about the methodology used to evaluate them, follow the link below.

Choosing Between Top Online Business Schools

Choosing the right program depends on each student’s individual goals. Degree-seekers should consider some of the following factors before committing to a program.

  • Accreditation: In the U.S., schools obtain accreditation by submitting to a thorough qualitative review of their programs, faculty, and resources. All accrediting agencies in the U.S. should hold membership with the Department of Education or the Council on Higher Education Accreditation. For school accreditation, regional accreditation carries the most weight, though some schools (especially for-profit institutions) are nationally accredited. Business students may also seek out programmatic accreditation, granted by organizations like the Association to Advance Collegiate Schools of Business.
  • Affordability: Higher education carries a cost, but the best online MBA programs aim to make their offerings worth the price. Many students can access scholarships, grants, federal aid programs, and support from their employers to help cover costs.
  • Alumni Network: Networking with other professionals is an important component of the MBA. Schools with strong alumni networks, where graduates work in a variety of industries, can also help students to secure future employment.
  • Concentration Options: The best MBA programs in the U.S. serve more than one kind of student. These schools offer many specializations in diverse subfields, including healthcare administration, accounting, and supply chain management. Choosing a program with a concentration provides valuable specialized training.
  • Robust Curriculum: Top online MBA programs mix practical courses in accounting and managerial finance with classes in leadership and ethics to facilitate professional and personal growth. These schools also equip students for the data-driven business world through courses in analytics, quantitative methods, and decision-making.
  • Successful Graduates: Prospective students can identify the most successful online MBA programs using two main metrics: graduation rate and job placement rate. High graduation rates indicate that schools provide their students with the resources to complete their degrees. Job placement demonstrates the rate at which recent graduates land full-time jobs.
  • Student-to-Teacher Ratio: Choosing a school with a lower student-to-teacher ratio ensures that students have ample opportunities to connect directly with faculty members. Individualized attention from professors can help students find internship and job opportunities.
  • University Resources: Online students in particular may wish to investigate what resources a school offers to distance learners. Important resources can include tutoring, career centers, library assistance, and disability services.

Why Enroll in an MBA Program?

By completing an online MBA, graduates can stand out as applicants for jobs in competitive industries. Most business careers require a bachelor’s degree at minimum, but many employers prefer candidates with MBAs because they bring advanced knowledge and skills to the table. Additional benefits of obtaining an MBA include:

Career Flexibility
The MBA can entice employers across the country and internationally in a host of industries. Graduates can pursue options at large or small companies, follow a preferred industry to its hotspots, or secure advancement opportunities close to home.
Knowledge Breadth
Because the MBA underpins its curriculum with solid business basics, degree-holders may pursue a variety of jobs that extend beyond their specializations. This can pave the way for promotions and career changes.
Hands-On Experience
Many MBA programs feature practical capstone projects or internships. Often, a capstone or final project requires students to partner with a real business, providing networking opportunities and resume-boosting experience.

Online MBA Programs for You

Grow your career, leadership, and business acumen with an accredited online MBA program.

Why You Should Get Your MBA Online

Even before the COVID-19 pandemic, online learning has been growing more popular each year. Accredited online MBA programs are an excellent option for many students, especially self-motivated students with good time management skills.

Many online MBA degrees make use of asynchronous coursework, where students can engage with lectures and discussion boards in accordance with their own schedules. Some classes may also run synchronously, with live webcam sessions that more closely resemble the in-person experience. Online programs may also require occasional campus visits for residencies or immersion events.

Part of the appeal for online programs includes the cost-saving opportunities: schools may offer reduced or in-state tuition for all learners, regardless of residency status. Online programs also do not require students to relocate. Many do not require an in-person presence, which eliminates commuting costs. There are many reasons why an online program may be the ideal solution; each student needs to evaluate their situation to determine if it is the right fit.

Career Opportunities After Graduating

With an MBA, degree-holders qualify for top careers with high earning potential. The BLS reports that chief executives earned a median annual salary of $197,840 as of May 2020, with higher median salaries in top-paying industries. Chief executives are employed across government, healthcare, manufacturing, and professional, scientific, and technical services.

MBA-holders may also pursue careers in areas like accounting, healthcare management, information systems, real estate, and consulting. Each industry encompasses a variety of specific job titles, giving MBA graduates a wealth of choices and entry points to each industry.

What to Expect From Online MBA Programs

A typical online MBA program requires around 50 credits for graduation. Students can complete many programs within two years, though requirements and timelines differ depending on each individual’s academic background. Learners can also take advantage of part-time and accelerated pathways.

Online MBA tuition rates vary widely. Some schools offer reduced rates for distance learners, while others do not differentiate between online and in-person programs. As a rough estimate, students can find top accredited MBA programs that cost between $55,000 to $161,000.

While the particulars differ depending on the school, MBA core courses often include strategic management, financial accounting, managerial economics, and marketing. With many concentration options available, prospective students can seek out the school that best aligns with their goals. Frequent specialization options include entrepreneurship, analytics, finance, project management, and technology.

Admissions

Prospective MBA students should research each program’s admission requirements. A minimum GPA, standardized test scores, or previous work experience may be required.

Cost

The pursuit of higher education is a sizable financial investment. Degree-seekers may wish to compare program costs against the potential return on investment and look for funding opportunities.

Capstone or Thesis

A capstone project can be a meaningful resume-building experience for MBA students. Online students should consider whether they need a capstone, and how the online MBA structures this requirement.

Online Courses

Some students thrive in face-to-face environments, while others enjoy the relative flexibility of online programs. When considering an online degree, students should factor personal preferences into their decision-making process.

Internships

Students hoping to gain professional experience should consider a degree with internship opportunities. Distance learners should find out how online programs structure their internships.

Networking

Networking is an important aspect of the MBA. Prospective students may want to ask how an online program handles alumni connections and networking events.

The Top Five Online MBA Programs of 2022

  1. Franklin University
    Location

    Columbus, OH

    Founded in 1902, Franklin has become one of Ohio's largest private universities. The school focuses on serving working students.

    Ross College of Business

    Among the nation's best online MBA programs, Franklin's program requires 36 credits of coursework. Learners take core classes and can choose an optional focus area. Choices include human resources, marketing, and organizational psychology. 

    Degree-seekers gain practical, hands-on experience through a business simulation competition. Nearly 500 teams representing 51 institutions create a strategic brand and compete for global market leadership and strong financial performance.

    Students can take courses fully online, in person, or in a hybrid format. Franklin offers locations across Ohio and eight start dates throughout the year. Learners can earn this MBA in 12 months.

    Franklin's MBA Specializations

    Human Resources | Marketing | Organizational Psychology

    Applying to Franklin

    Applicants need a bachelor's degree and a 2.75 GPA. Those with lower undergraduate GPAs may pursue conditional admission. Selection criteria includes work experience, academic ability, and personal qualities.

    Program at a Glance

    • School Type: Private
    • Accreditation: Higher Learning Commission, International Accreditation Council for Business Education
    • Tuition: $670 per credit; $536 per credit for service members; $398 per credit for graduate prerequisite courses
    • Required Credits: 36 credits
    • Program Length: 12 months
    • Delivery Format: 100% online (synchronous and asynchronous), hybrid, or on campus
  2. Brenau University
    Location

    Gainesville, GA

    A private university founded in 1878, Brenau enrolls nearly 3,000 students. Learners can pursue certificates and degrees at every academic level. Brenau's main campus in Gainesville, Georgia, also houses the Brenau Women's College.

    College of Business and Communication

    Brenau boasts more than 20 years of online education experience. The school's online MBA program requires 36-45 credits. Enrollees can choose from more than a dozen specializations. Options include finance, project management, and business analytics.

    Students learn from expert faculty and build skills in budgeting, marketing management, and business operations. Brenau's dedicated success coaches offer additional support.

    Learners can complete this accelerated program in 12 months. The program runs asynchronously. Students connect with classmates and professors through virtual teams, group projects, and discussion forums.

    Brenau's MBA Specializations

    Human Resources Management | Management | Marketing | Project Management | Nonprofit Leadership | Strategic Thinking and Innovation | Mediation and Conflict Resolution | Finance | Managerial Accounting | Public Accounting | Healthcare Management | Business Analytics | Communication Management

    Applying to Brenau

    Applicants need a bachelor's degree and a 3.0 GPA. Prospective students submit all college transcripts and a resume detailing work experience. 

    Program at a Glance

    • School Type: Private
    • Accreditation: Southern Association of Colleges and Schools Commission on Colleges, Accreditation Council for Business Schools and Programs
    • Tuition: $755 per credit
    • Required Credits: 36-45 credits, depending on concentration
    • Program Length: 12 months
    • Delivery Format: 100% online (asynchronous) or on campus
  3. Campbellsville University
    Location

    Campbellsville, KY

    A private Christian university founded in 1906, CU offers technical, undergraduate, and graduate programs from its 101-acre campus in Kentucky. The school serves more than 12,700 students. 

    School of Business, Economics, and Technology

    Graduates of one of Kentucky's best online MBA programs integrate Christian servant leadership into their business careers. This 36-credit program offers 10 concentrations. Options include an accounting track that meets eligibility requirements for the CPA exam.

    Students learn from faculty with extensive, real-world experience in their fields. The curriculum requires courses in organizational theory, business strategy, and business ethics.

    Online enrollees connect with instructors and peers through a remote learning environment that provides maximum scheduling flexibility. CU offers six online start dates each year.

    CU's MBA Specializations

    Accounting | Church Management | Computer Science | Entrepreneurial Leadership | Financial Planning | Healthcare Management | Human Resource Management | Information Technology | International Business | Marketing

    Applying to CU

    Applicants submit three reference letters, a resume, and an essay with a statement of professional goals. CU encourages GMAT or GRE testing for applicants with an undergraduate GPA below 2.5.

    Program at a Glance

    • School Type: Private
    • Accreditation: Southern Association of Colleges and Schools Commission on Colleges, International Accreditation Council for Business Education
    • Tuition: $479 per credit
    • Required Credits: 36 credits
    • Program Length: Two years
    • Delivery Format: 100% online (asynchronous)
  4. Marquette University
    Location

    Milwaukee, WI

    Located in Milwaukee, Wisconsin, Marquette serves a student population of nearly 12,000. The Society of Jesus first established the Jesuit Catholic research university in August 1881.

    Graduate School of Management

    The school's online MBA program trains learners how to handle business challenges. Enrollees build confidence, cutting-edge skills, and a strong ethical foundation. Applicants do not need a bachelor's in business. Learners complete 31.5-42 credits.

    The program culminates with a project-based capstone. During this course, learners interview a company president or CEO. They appraise the firm's strategic management and present what they learned.

    The same business faculty who teach on campus lead this online MBA program. Faculty members boast years of industry experience, extensive academic publishing, and a passion for teaching.

    Applying to Marquette

    Applicants submit college transcripts and a resume or CV. Marquette makes recommendation letters optional. Qualified applicants may apply for a GMAT or GRE waiver.

    Program at a Glance

    • School Type: Private
    • Accreditation: Higher Learning Commission, Association to Advance Collegiate Schools of Business
    • Tuition: $1,220 per credit
    • Required Credits: 31.5-42 credits, depending on undergraduate background
    • Program Length: Two years
    • Delivery Format: 100% online (asynchronous), hybrid, on campus
  5. Liberty University
    Location

    Lynchburg, VA

    One of the world's largest Christian universities, Liberty enrolls over 93,000 students online and on campus in Lynchburg, Virginia. Liberty is a nondenominational evangelical institution.

    School of Business

    Liberty leverages decades of remote education expertise to bring students one of the nation's best online MBA programs. Students can choose from more than 20 specializations. Options include accounting, marketing, and tourism management.

    Learners build knowledge of business operations through a focus on real-world applications, critical thinking, and Christian servant leadership. Throughout the program, enrollees can network with peers and professionals around the country.

    All Liberty faculty members hold advanced degrees, industry experience, and a strong commitment to mentorship and the Christian faith. 

    Liberty's MBA Specializations

    Accounting | American Legal Studies | Criminal Justice Administration | Economics | Executive Coaching | Finance | Healthcare Management | Human Resources | International Business | International Legal Studies | Leadership | Marketing | Nonprofit Leadership and Management | Project Management | Public Administration | Public Relations | Real Estate Development | Six Sigma | Strategic Management | Strategic Media and Digital Content | Supply Chain Management and Logistics | Tourism Management

    Applying to Liberty

    Applicants need a bachelor's degree and a 3.0 GPA. Prospective students submit college transcripts showing completion of undergraduate business prerequisites.

    Program at a Glance

    • School Type: Private
    • Accreditation: Southern Association of Colleges and Schools Commission on Colleges, Accreditation Council for Business Schools and Programs
    • Tuition: $565 per credit for full-time enrollees; $615 per credit for part-time enrollees
    • Required Credits: 36-45 credits, depending on specialization
    • Program Length: 1-2 years
    • Delivery Format: 100% online (asynchronous)

Online MBA Programs for You

Grow your career, leadership, and business acumen with an accredited online MBA program.

Common Questions About Online MBA Programs

What can I do with a master of business administration?

A versatile degree, the MBA prepares students for various opportunities within the business world. Graduates can secure lucrative jobs in fields like accounting, information technology, real estate management, fundraising, and financial management.

Is an online MBA respected?

Online MBAs carry the same prestige as in-person degrees. Regardless of the format, students should enroll in accredited schools to ensure that particular MBA program meets academic quality standards.

How are online MBA programs accredited?

Like any other higher education degree, online MBA programs gain regional or national accreditation at the institutional level.

Business program accreditors include the Association to Advance Collegiate Schools of Business, the Accreditation Council for Business Schools and Programs, and the International Accreditation Council for Business Education. Online programs must meet the same standards as their in-person counterparts.

Are online MBAs cheaper?

Online MBA programs frequently offer cost-saving opportunities when compared with on-campus alternatives. Some schools allow online students to pay in-state or otherwise reduced tuition, no matter where they live.

Distance learners can also continue to work while they complete their degree, allowing them to earn a salary and gain professional experience.

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