The Best Online MBA Programs in Massachusetts of 2022

| Ashley Robinson Modified on June 1, 2022

The Best Online MBA Programs in Massachusetts of 2022

Are you ready to discover your MBA program?

A master of business administration (MBA) can give professionals the boost to pursue new career opportunities. An MBA is an advanced degree that gives students more in-depth business and management knowledge, allowing them to specialize in fields like operational management or strategy.

Online MBA programs in Massachusetts can be a smart investment. The Bureau of Labor and Statistics (BLS) reports that the 12-month percentage change for business sector jobs in the state was 5.6% from March 2021 to March 2022.

Additionally, people with MBAs made nearly 30% more than those with a bachelor’s degree in business, according to a 2020 National Association of Colleges and Employers (NACE) survey.

When looking for online MBA programs, Massachusetts residents have plenty of options. This page contains information for aspiring MBA students, including program benefits, degree costs, and a list of the best MBA programs in Massachusetts.

What To Expect From MBA Programs in Massachusetts

An MBA degree usually takes two full-time years to finish. Accelerated programs may take one year. Students may complete between 36 and 60 credit hours to graduate. Additionally, MBA costs vary widely, but students can expect to pay between $34,225 and $60,935.

In general, MBA programs typically follow four formats: traditional, online, accelerated, and hybrid. Traditional programs require students to attend classes in person, while hybrid programs involve a mix of in-person and online courses.

Accelerated programs allow students to complete their degrees in 12 months with more intensive schedules. For those looking for more flexibility, online courses allow students to earn their degrees completely online and on their own schedule.

MBA programs often allow students to specialize in business subfields. Specializations and courses vary by program, but may include management, leadership, strategy, consulting, finance, and entrepreneurship. Some common MBA class subjects include:

  • Finance: This course covers the foundations of business finance, including how to make investment decisions, assets and liabilities, and how to choose a capital structure.
  • Leadership: An introductory leadership class helps future managers and business owners develop a leadership style and develop team management skills.
  • Microeconomics: This class teaches the basics of economic analysis. Students develop skills in understanding cost curves, market structure, and pricing concepts.

Online MBA Programs for You

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

Why Get an Online MBA in Massachusetts?

An online MBA in Massachusetts programs can offer some benefits. While there are professional advantages to earning this degree, students may be surprised to find there are personal benefits as well. Here are three main benefits of an online MBA:

  • Better Job Opportunities: MBA degrees can set candidates apart in a highly competitive job market. Having an MBA can show employers that a candidate has the education, skill, and dedication to succeed.
  • Increased Earning Potential: Earning an advanced degree can pay off. In a recent NACE survey, people with graduate business degrees earned about 30% more than those with a bachelor’s in the field.
  • Larger Professional Network: Networking is an important part of building a career. MBAs give students invaluable networking opportunities that can translate into better job opportunities.
  • Increased Self-Confidence: MBA programs can be tough. Graduating with an MBA can give students a sense of accomplishment and boost their confidence.

When it comes to earning an MBA online, Massachusetts offers students some unique opportunities. For instance, the BLS reports that the number of jobs in the business sector has increased over 5% year-over-year in March 2022. This may mean there is a higher likelihood that MBA holders will find jobs after graduation. Additionally, people interested in business healthcare and technology may have more opportunities in the state since biotechnology and healthcare are the state’s biggest industries.

Online MBA Programs in Boston

Boston is the largest metropolitan area in the state. It is also home to high-quality MBA programs that can help students pursue advanced roles in the field.

For instance, Boston University’s MBA program gives students the opportunity to earn joint degrees in fields like digital technology, economics, law, and medicine. This can give students an added advantage when it comes to finding good jobs in competitive industries.

Additionally, there are flexible Boston MBA online programs as well. For example, the University of Massachusetts Boston offers both an accelerated MBA and an online MBA so students can pick the program that best fits their needs. Suffolk University’s online MBA offers students unique opportunities, like participating in business simulations and interactive discussions with industry experts.

MBA Concentrations for Massachusetts Students

Students with an MBA specialization can align their studies with potential careers. Healthcare dominates the list of Massachusetts' largest employers, with 13 hospitals, emergency centers, and healthcare management companies ranking among the state's top 25. Other large employers include software programmers and electrical equipment manufacturers.

Graduates of MBA programs in Massachusetts may select specializations in the state's top industries like healthcare management, information technology or systems, or technology.

How Much Do MBAs Cost in Massachusetts?

MBA tuition can vary widely, but tuition can range between $34,225 and $60,935. But why is there such a difference in program cost? First, the type of program can affect how expensive it is. Online programs are usually cheaper than traditional ones, and accelerated programs can cost even less because students are enrolled for a shorter amount of time.

Additionally, NCES reports that public universities are less expensive than private ones in 2019-2020. This is especially true if students live in the same state as the college they are attending. Students should also consider their school's reputation. More prestigious programs sometimes come with a higher price tag.

Traditional students will need to think about how the cost of living impacts their degree cost. Massachusetts is the fifth most expensive state in the United States. Students attending traditional MBA programs should factor room, board, and transportation into their degree cost.

The good news is that there is financial assistance for MBA students. Scholarships, fellowships, grants, loans, and other forms of financial aid can help reduce the financial burden. Keep in mind that loans will have to be paid back after graduation.

Career Outlook in Massachusetts

It’s important to consider a state’s economy as you research MBA programs. Massachusetts’ economy grew in the last quarter of 2021 according to Northeastern University. Its GDP increased by 8.2% and is expected to grow by an average of 5.6% in the first half of 2022.

The BLS lists Massachusetts’ unemployment rate at 4.3%, making it 38th in the nation in unemployment. According to CareerOneStop, the five fastest-growing careers in Massachusetts are:

  • Solar photovoltaic installers
  • Statisticians
  • Information security analysts
  • Operations research analysts
  • Software developers (applications)

Many of the largest employers in Massachusetts are in the healthcare industry and located in or around Boston. Here are the three largest employers in the state:

Company Location Main Industry Number of Employees
Partners Healthcare Systems Inc Braintree Management Services 25,000
Massachusetts General Hospital Boston Hospitals 16,999
Brigham & Women's Hospital Boston Hospitals 13,303

Source: CareerOneStop

Careers for MBA Grads in Massachusetts

Management Analyst

Management analysts or consultants help organizations improve processes to increase efficiency and revenue. These professionals may review current procedures, interview employees, and analyze financial data to make recommendations. Management analysts may work for one organization or many companies.

Required Education: Bachelor’s degree
Job Outlook (2020-30): 14%
Median Annual Salary: $93,000

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Financial Manager

Finance managers help businesses and individuals make business-related decisions. They analyze the market to understand trends and create investment strategies to help clients meet their financial goals. Some of their daily tasks include meeting with clients, managing portfolios, and deciding when to buy and sell investments.

Required Education: Bachelor’s degree
Job Outlook (2020-30): 17%
Median Annual Salary: $131,710

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Controller

Controllers oversee a company’s accounting division, including departments like payroll and accounts receivable services. Controllers often have the last say over financial decisions, including budgeting and reporting. Some of their daily responsibilities include overseeing daily accounting operations, maintaining financial records, creating company budgets, and ensuring operational compliance.

Required Education: Bachelor’s degree
Job Outlook (2019-29): 8%
Median Annual Salary: $98,980

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Financial Officer

Financial officers are usually executives within their companies and oversee the business’ entire financial operations, including financial planning, forecasting, analysis, and cash flow. Oftentimes, financial officers work closely with CEOs to plan for the company’s future. Some of their daily tasks include overseeing financial report development, managing cash flow, and measuring a company’s return on investment.

Required Education: Bachelor’s degree
Job Outlook (2019-29): 8%
Median Annual Salary: $98,980

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Medical and Health Services Manager

Also known as health information managers, these professionals are in charge of managing health-related data and making sure it stays private and secure. Some of health information managers’ daily tasks include training staff on data privacy and best practices, tracking information, identifying trends, and ensuring data management processes meet federal guidelines.

Required Education: Bachelor’s degree
Job Outlook (2019-29): 32%
Median Annual Salary: $101,340

Learn More

2022’s Top Online MBA Programs in Massachusetts

The following list includes the top five universities offering master's in business administration programs. Prospective MBA students can find program details listed below.

All schools on the list are accredited. Accreditation ensures that schools maintain quality educational standards. Read more about MBA accreditation. The following universities hold accreditation from the New England Commission on Higher Education (NECHE).


Featured Image: Shobeir Ansari / Moment / Getty Images

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