According to data from the U.S. Bureau of Labor Statistics (BLS), more than 140,000 business and financial workers and over 167,000 management professionals work in Arizona. These professionals earn high incomes compared to those in many other states, taking home annual mean salaries of $68,190 and $100,680, respectively. Earning an online MBA in Arizona is a great way to launch a business administration career.
Read on for a list of online MBA programs in Arizona, plus additional information to help you decide if earning an Arizona MBA is right for you. The following sections examine Arizona’s economic growth, its major industries and employers, and potential job opportunities for business school grads.
Careers and Salaries for MBA Graduates in Arizona
Arizona boasts the third-fastest growing economy in the United States. In 2018, the state’s gross domestic product (GDP) grew by 4.3%, while the national GDP grew by 3.9%. Much of Arizona’s economic growth comes from companies in the finance, business services, manufacturing, and healthcare industries. These sectors tend to resist economic downturns, making Arizona an excellent place for professional advancement.
Experts expect economic growth to continue at this rate through at least 2022. Employment rates should rise at equal rates. Arizona residents can expect jobs statewide to grow by 41.8% over the next 10 years.
Candidates earning online MBAs in Arizona position themselves to expand with the state’s economy. Companies that start in or move to Arizona need local, well-trained managers to oversee their teams. These professionals can also expect to make above-average wages. The mean income in Arizona sits at $49,290, but the BLS reports that managers in the state earn a mean annual salary of $104,940. The chart below highlights some of the largest Arizona-based employers.
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An online MBA in Arizona can help candidates find managerial positions in these organizations. Higher education organizations and casinos need qualified professionals to manage their large workforces. Graduates can also find work at some of Arizona’s other top employers, which include Raytheon Missile Systems, Mayo Clinic, Southwest Airlines, Honeywell Aerospace, TMC Healthcare, and American Express. These national companies hire MBAs to oversee several areas of business, including marketing, finance, and supply chains.
Careers for MBA Grads in Arizona
Medical and Health Services Manager
Medical and health services managers, sometimes called healthcare administrators or healthcare executives, manage operations in nursing homes, physicians’ offices, hospitals, and other healthcare facilities. They oversee facilities’ schedules, budgets, goals, and personnel. Healthcare administrators typically hold degrees in business administration or similar fields.
Financial managers ensure their organizations’ financial stability. Their specific daily responsibilities depend on the particular industry in which they work, but financial managers generally oversee investments, financial reporting, and long-term financial planning. Many employers require these professionals to hold MBAs, which cover finance, accounting, and economics principles relevant to financial management.
Engineering managers oversee operations and employees in engineering firms, manufacturing facilities, and similar organizations. They develop new products, determine hiring needs, manage budgets, and direct research and development projects. Engineering managers may find ample job opportunities in Arizona, since the state’s major industries include aerospace, defense, technology, and manufacturing.
Computer and information systems managers, who often need MBA degrees, oversee IT-related activities in a variety of organizations. They work with managers to determine their firm’s technology needs. They also oversee the team that installs, maintains, secures, and updates hardware and software.
Advertising and promotions managers fill slightly different roles, but they both work to build interest in goods and services. Some advertising managers help produce advertising campaigns for their clients, while others sell advertising space. Promotions managers incentivize customers to buy products through various types of advertisements, discounts, and contests. An MBA can provide essential marketing, sales, and communication knowledge for an advertising or marketing job.
While the BLS does not provide Arizona data for advertising and promotions managers, the national mean annual salary of the position is $133,090. The Central Projections projects a nationwide 5.4% increase in job openings for advertising and promotions managers from 2016-2026.
MBA Concentrations for Arizona Students
Prospective students should strongly consider selecting an Arizona online MBA that allows them to pursue a concentration. Specializations allow learners to tailor their degrees to their personal interests, building specific skills and knowledge relevant to the most important industries. When choosing a concentration, degree candidates should consider which industries and jobs are growing rapidly in their state.
According to the Arizona Commerce Authority, some of the most important industries to Arizona’s economy include manufacturing, bioscience and healthcare, aerospace and defense, digital media, and financial services. Consult this specializations hub for more advice on finding the perfect MBA fit for you.
Arizona’s Online MBA Programs
The list below provides a sampling of distance MBA programs in Arizona. Browse it to learn key details about schools and decide which programs offer the best academic opportunities and resources to suit your interests.
Keep in mind that you should only apply to schools and programs that hold proper accreditation. Accreditation indicates that a school meets high academic standards set by independent accrediting bodies. The list below only details properly accredited MBA programs in Arizona.
Pursuing the Arizona online MBA available from Grand Canyon University promotes advancement in leadership development, organizational growth, and operations management. Their 46-credit program consists of core courses, offering no electives or concentration options. However, the comprehensive degree plan reflects and responds to the needs of today's businesses, so students study accounting and finance, forecasting and fundraising, departmental functions and diversity, and sustainability in the global marketplace. The asynchronous format requires no set times for class meetings or lectures; students complete their work on their own schedules. Graduate admission requires a completed undergraduate degree with a minimum 2.8 GPA or a completed graduate degree. In some cases, admission may require GRE or GMAT scores.
The 45-credit University of Arizona online MBA offers six start dates. Their flexible schedule, combined with asynchronous instructional delivery, allows students to complete coursework and work full time. Depending on how many courses you take each term, you can finish in 15 months. Whether you study full time or part time, program costs remain the same and include all required course materials and ebooks. The University of Arizona offers six different MBA concentrations, fulfilled by taking specific elective courses: entrepreneurship, healthcare, finance, management and organizations, management information systems, or marketing. Application requirements include a GMAT score (waived for individuals with specific credentials), brief essay, resume, three letters of recommendation, and transcripts from all prior institutions.
The University of Phoenix offers working professionals the opportunity to complete an Arizona online MBA in as few as 18 months. Accredited by the Accreditation Council for Business Schools and Programs, the University of Phoenix offers a selection of courses in corporate finance, organizational leadership, human capital management, and applied business research and statistics that provide a well-rounded exploration of business topics and fundamental skills. Their MBA program requires only 36 credits for completion. To focus on a certain area of business expertise, you may choose to complete an additional concentration certificate, which requires 12 further credits. Certificate options include project management, accounting, human resource management, and marketing. To apply, you must hold an undergraduate degree, a minimum cumulative GPA of 2.5, and meet work experience requirements. The program offers several start times each academic year, allowing for maximum flexibility.