Online MBA Programs in New Jersey

| Amy Boyington Modified on May 6, 2022

Online MBA Programs in New Jersey

Are you ready to discover your MBA program?

New Jersey offers a diverse selection of bustling industries, including healthcare, construction, and hospitality. Many of the Garden State's leading sectors feature higher-than-national-average employment rates and attractive salaries.

For instance, the New Jersey Department of Labor reports its average technology wage for 2020 as $146,120. Additionally, its transportation sector employed 12.5% of the state's private-sector workers, compared to the nation's 9.5% rate.

The state offers MBA graduates many opportunities to start or grow their business careers. Still, it is crucial to consider what online MBA programs in New Jersey meet your needs for scheduling, budgeting, and future goals.

This page explores the top careers and salaries for MBA graduates in New Jersey, along with a few of the state's best MBA online programs.

Why Get an Online MBA in New Jersey?

Weighing the pros and cons of an MBA is essential in deciding if it is the right choice for you. Learners who plan to continue their careers in business may benefit from pursuing MBAs. This degree can lead professionals to pursue better jobs, higher salaries, and increased networking opportunities.

Consider the following additional perks of MBAs:

  • Advanced Skill Development: An MBA builds advanced managerial and operational skills to accelerate their careers. Students can develop essential communication, technology, and critical thinking skills for the modern business climate.
  • Expanded Opportunities: The additional skills an MBA provides allow degree-holders to pursue more diverse job opportunities, including different business pathways that align more closely with their interests and skills. Graduates can also climb their current career ladder to apply for more advanced positions.
  • Increased Earning Potential: MBA-holders may have increased earning power with their new skills and knowledge. According to Relish and TransparentCareer research, MBA graduates see an average salary increase of $36,740 from their pre-MBA jobs.

New Jersey houses several prestigious business schools, including Seton Hall University and Rutgers, The State University of New Jersey. These schools' programs prepare learners for well-rounded leadership positions in the state's array of industries, including healthcare and transportation.

Whether you plan to begin or advance your career in New Jersey, an in-state MBA program can help you pursue your goal. The best business colleges in NJ offer online MBAs for learners to dive into the state's business landscape, even if they attend from other states.

The Garden State also offers abundant networking opportunities for MBA students and graduates. The South Jersey Business Association and the Northern New Jersey Networking Group connect business professionals for professional development and support.

What To Expect From MBA Programs in New Jersey

An online MBA in New Jersey generally takes about two years to complete and averages 36-60 credits. However, some schools offer accelerated programs that degree-seekers can earn in 12-18 months.

Students can expect to take courses in financial management, business operations, accounting, and economics. The best business colleges in NJ also include coursework on leadership, business ethics, and decision-making to develop well-rounded professionals.

Students considering business careers should decide whether a concentration can bring them closer to achieving their goals. Schools may feature several concentrations, including marketing, business analytics, and international business.

Learners access the content for their online MBA programs in New Jersey through a virtual platform. Asynchronous learning is common for online programs, allowing students to study and complete assignments at their own pace. In contrast, synchronous learning requires students to meet with instructors at specific times.

Another option is a hybrid format, which blends online learning with some on-campus education.

Generally, MBA students can expect to pay $30,000-$50,000 for MBA programs in NJ. This rate is lower than the Education Data Initiative's reported national average of $66,300.

Admission Requirements for MBAs

Our list of MBA colleges in NJ features schools with various admission requirements. Generally, degree-seekers need a minimum 3.0 GPA, although some schools prefer closer to a 3.5. An applicant should also aim for a GMAT score of at least 650.

Prospective students who do not meet GPA, test score, or other academic criteria may need to complete prerequisite coursework. Programs may also require this coursework for learners pursuing concentrations. Candidates might improve their chances of acceptance by taking prerequisite courses, even if their program does not require them.

The best MBA programs in NJ also prioritize business experience. Schools typically require applicants to have at least two years of experience in a relevant position, but some may prefer candidates with as many as 5-7 years.

Applicants without the required experience can sometimes meet approval based on their academic credentials and leadership potential. MBA programs usually charge a $75-$200 application fee.

Business Management Careers in New Jersey

New Jersey industries span the technology, healthcare, manufacturing, life sciences, and financial services sectors, all of which require knowledgeable, competent professionals to oversee operational and organizational details.

Additionally, New Jersey is one of the top-paying states for management occupations — these workers earn an annual mean wage of $126,480, according to the U.S. Bureau of Labor Statistics (BLS). The New York-Newark-Jersey City metropolitan area also features the highest employment level for management occupations, with more than 500,000 individuals working in managerial positions.

Metropolitan areas such as New Brunswick, Newark, and Madison host major corporate headquarters, including Johnson & Johnson, Prudential Financial, Merck, Honeywell International, and NRG Energy. Data indicates that job opportunities in the management and business administration fields should grow in the coming years.

The BLS projects financial manager positions in the United States to grow by 17% between 2020 and 2030 — much faster than the national growth average for all occupations.

Pursuing an online MBA can help students begin flourishing careers in a strong economic landscape. The table below includes information about New Jersey's top three employers, which fall within the manufacturing and national security sectors.

COMPANY

LOCATION

MAIN INDUSTRY

NUMBER OF EMPLOYEES

Johnson Controls, Inc.

Princeton

Manufacturing

69,000

Northeast Automation of America

Westfield

Manufacturing

40,000

McGuire Airforce Base

McGuire Afb

National Security

40,000

Source: Career One Stop

An MBA program's core curriculum covers business-related subjects like economics, finance, organizational behavior, marketing, accounting, and human resources. Many programs offer concentrations geared toward specific industries, such as healthcare administration and professional accounting. Concentrations in information security, strategic operations, and human resources may particularly serve New Jersey workers.

Careers and Salaries for MBA Graduates in New Jersey

Medical and Health Services Manager


Medical and health services managers oversee services in hospitals, nursing homes, and other clinical settings. These professionals manage staff, ensure their facilities comply with regulations, and handle budgets. Many medical and health services managers hold MBAs, which prepare them to pursue roles in accounting and budget management, personnel management, and health information systems.

New Jersey employed 14,700 medical and health services managers as of May 2021. These professionals earned an annual mean wage of $136,580 in the state, according to the BLS. Projections Central data indicates a projected 17.7% increase in demand for the profession from 2018-2028.


Human Resources Manager


Human resources managers oversee personnel administration for their organizations. They typically hire staff, administer benefits, liaise between staff and management, and solve personnel-related problems within their organizations. Some employers require human resources managers to hold master's degrees. MBAs can develop applicable skills in labor relations, regulations, and management for these professionals.

According to the BLS, New Jersey employed 4,410 human resources managers as of May 2021. These managers earned an annual mean wage of $170,850 in this period, making New Jersey the second-highest paying state for human resources managers. Projections Central estimates that these professionals will see a 7.9% increase in demand in New Jersey from 2018-2028.


Finance Manager


These managers analyze records, direct cash flow, oversee investment choices, and report their findings to executives. These professionals may also manage staff teams on matters related to budgeting, spending, risk management, and insurance. Employers often require finance managers to hold MBAs, which equip them to handle the intricacies of financial strategies and systems.

As of May 2021, New Jersey employed 26,570 finance managers, according to the BLS. These professionals earned an annual mean wage of $186,890 in that period, ranking New Jersey third in average finance manager pay nationally. Projections Central reports that the demand for finance managers in New Jersey will increase by a projected rate of 15.7% from 2018-2028.


Computer and Information Systems Manager


Computer and information systems managers, or IT managers, oversee the computer-based operations of their companies. Areas of responsibility may include strategizing with executives about tech upgrades and managing IT teams. These managers deal with budgets and oversee big-picture strategies — two crucial areas typically covered in MBA programs.

According to the BLS, New Jersey employed 19,700 IT managers as of May 2021. These workers earned an annual mean wage of $189,540, making New Jersey the third-highest paying state for the profession. Projections Central reports a projected 6.1% increase in demand for IT managers between 2018-2028.


Industrial Production Manager


Industrial production managers handle big-picture logistics regarding the production of goods. They create schedules, ensure the maintenance and proper operation of equipment, hire staff, and handle quality control issues. Production managers with MBAs can pursue roles with big plants and corporations, where the degree can help them oversee large-scale operations.

New Jersey employed 4,830 industrial production managers as of May 2021, according to the BLS. These managers earned an annual mean wage of $146,000 in the same period, making New Jersey the top-paying state for the job. Projections Central reports a 6.5% projected increase in demand for production managers in New Jersey — about the same as the national average across all occupations.

MBA Concentrations for New Jersey Students

Key New Jersey industries should influence students' concentration choices regarding MBA programs in New Jersey. With a heavy focus on clean financial services, healthcare, technology, and manufacturing, MBA students in New Jersey can look to specialize in finance, healthcare management, information technology, or supply chain management, depending on their area of interest.

By paying attention to thriving industries in the state, MBA students can set themselves up for great opportunities as they enter the job market.

The Top 5 Online MBA Programs in New Jersey of 2022

Explore our list of 2022's five best online MBAs in New Jersey to find a program that meets your needs. We rank programs based on criteria such as reputation, academics, and affordability. Learn more about our ranking methods at the link below.


Featured Image: Alexander Spatari / Moment / Getty Images

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