5 Best Online MBA Programs in New York 2021

Are you ready to discover your MBA program?

Wall Street characterizes the financial system for the entire United States, and many business professionals aspire to work there. Students hoping to find finance jobs in New York City or other business hubs can improve their chances by earning an online MBA in New York.

MBA learners study advanced business principles and theories, applying these ideas to real-world situations through experiential learning. This professional degree supports business students who want to obtain leadership and management roles and secure promotions.

MBA graduates in New York often earn higher salaries than they would in other states. The Bureau of Labor Statistics (BLS) reported an average annual salary of $147,530 for financial managers nationwide as of May 2019. In New York, however, financial managers earned an average annual salary of $210,240.

Prospective learners can begin their New York school search with our list of MBA programs below. This page also covers details and frequently asked questions about the degree.

Why Get an Online MBA in New York?

The courses that comprise MBA degrees prepare students for work in the business world. Learners are trained in finance, marketing, management operations, and accounting. Graduates also enjoy a number of employment benefits:

Higher Salaries
MBA graduates may earn significantly higher salaries than their coworkers. In fact, MBA-holders may secure starting salaries that are $20,000 higher than starting salaries for professionals with just a bachelor’s degree in business.
Leadership Promotions
The highly transferable leadership skills students learn in MBA programs allow them to take on advanced leadership and management roles. Some programs offer opportunities to specialize in a specific style of management, such as human resources.
Positive Job Outlook
MBA graduates qualify for many positions with high growth projections. For example, the BLS projects jobs for analytics management professionals to grow by 11% from 2019 to 2029.

Because New York is the nation’s business center, MBA students in the state can readily find work after graduation with major corporations like JPMorgan Chase, IBM, and PepsiCo. These companies offer jobs across many fields, including banking, media, healthcare, entertainment, and even cybersecurity.

Online MBA Programs for You

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

What To Expect From NY’s MBA Programs

The MBA experience varies by school, but most degrees comprise 50-60 credits and take 1-3 years to complete. Online MBA programs sometimes provide accelerated study options, which allow students to finish the degree in one year. Schools may also offer part-time enrollment, permitting students to take fewer classes at once. Part-time students take longer to complete their degrees.

Online MBAs in New York offer foundational knowledge in core subjects like finance and marketing. However, students can specialize their expertise through electives or concentration tracks.

Business professionals with concentrated MBAs in areas like leadership, finance, and marketing enjoy a competitive edge for securing employment in New York.

Admission Requirements for MBAs

Admission requirements for MBA programs in New York vary by school, but students should prepare to provide the following information:

  • Prior Education: MBA candidates must hold a bachelor’s degree in business or a related field and demonstrate their prior education through formal transcripts.
  • Work Experience: Some programs may require students to hold a few years of professional experience and submit a resume detailing their employment history.
  • Required Tests: Depending on program requirements, candidates should prepare to sit for the GMAT, the GRE, or the Executive Assessment.
  • Statement of Goals: Many MBA programs ask prospective enrollees to write an essay about their career aspirations and how the program would help them achieve these goals.

Explore MBA Admissions

Specialized MBAs

Though many MBA programs in New York offer a general purview of advanced business concepts, some schools may offer specialized curricula. These degrees feature more coursework in specific areas of business like healthcare management or marketing, and students who graduate from these programs are often prepared for niche careers.

MBA students in New York who aim to work on Wall Street may specialize in finance, information systems, or business analytics can make them stand out as applicants. Others who hope to start their own business may enjoy a concentration in entrepreneurship.

Click the links below for more information regarding MBA concentrations.

Popular MBA Program Courses

Course offerings vary by school. However, many MBA programs offer similar core classes that teach students about business essentials, like economics and leadership. Common courses students can expect to encounter in their MBA include:

This class teaches future business professionals the theories, frameworks, and tools to analyze financial decisions at the corporate level. Students examine concepts like capital structures, cost of capital, and dividend policies.
Through studying macro- and global economics, MBA degree-seekers learn to think systematically about the economy, macroeconomic policy, and the economic environment. This course focuses on economic theory, including concepts like national income, interest rates, and exchange rates.
Since business professionals at the executive level rely on managerial skills to successfully lead their teams, MBA programs generally require completion of core courses in leadership and management. These courses examine leadership theory and often incorporate experiential learning opportunities where students can apply these ideas hands-on.
Elective courses in marketing analysis teach students to use modeling tools to support marketing analysis and decision-making. This class is crucial for future marketing professionals. Topics of study include marketing segmentation, new product development, and sales promotion analysis.

The MBA Capstone or Thesis

Many MBA programs require students to complete a culminating project like a capstone or thesis.

Capstone projects challenge students to identify a business issue or problem and propose a solution. These hands-on projects usually take 1-2 semesters to complete, and students often work in teams to conduct studies and present their solutions. These projects can provide the real-world experience employers find valuable.

Thesis projects require students to write a longform essay to study a business concept in depth. Thesis projects typically take at least two semesters to complete. Though a thesis does not offer the same kind of hands-on experiences a capstone does, they can demonstrate a student’s ability to think critically and synthesize information.

How Much Do MBAs Cost in New York?

New York is home to many postsecondary institutions, including two Ivy League schools. The cost of earning an MBA in New York depends not only on the prestige of the school, but on factors like in-state or out-of-state residency and instructional delivery mode.

While the National Center for Education Statistics reports the average nationwide tuition for graduate students was $19,314 for the 2018-19 academic year, the numbers vary widely: Public school tuition averaged $12,171, while the 75th percentile for private institution tuition was $44,667.

Students attending on-campus programs and residing in New York should consider the state’s high cost-of-living when calculating their expenses. New York has a cost-of-living index of 139.1, much higher than the average national index of 100. This makes New York the third-most-expensive state in the country.

Some schools, however, offer in-state tuition for all online students, regardless of state residency. This means learners can pursue a degree from one of New York’s renowned institutions without taking on the burden of relocation expenses or living in an expensive state. The associated costs of pursuing an online MBA can be complex, so degree-seekers should research online options thoroughly.

MBA candidates can also take advantage of financing options like scholarships, fellowships, grants, and loans to support their educational investments. The link below offers more information about financial aid options:

Learn More About Financial Aid Options

What Jobs Can MBAs Get You?

Professionals with MBAs can qualify for a number of advanced, lucrative jobs in a variety of fields. Though many jobs only require a bachelor’s degree, the additional credential of an MBA can help applicants stand out. Specialized MBAs can also help graduates qualify for competitive, niche careers. The following careers offer especially lucrative salaries in the state of New York:

  • Management Analyst

    Management analysts, also known as consultants, take on leadership roles and work with a team of analysts to improve an organization’s efficiency.

    • Required Education: Bachelor’s degree required, but MBA and work experience preferred
    • Job Outlook (2019-29): +11%
    • Median Annual Salary: $85,260
    • Average Annual Salary in New York: $112,280

  • Administrative Services Managers

    Administrative services managers are responsible for planning and directing an organization’s resources to ensure efficient business operation.

    • Required Education: Bachelor’s degree required, MBA preferred
    • Job Outlook (2019-29): +6%
    • Median Annual Salary: $96,940
    • Average Annual Salary in New York: $138,190

  • Human Resources Managers

    Human resource managers direct an organization’s workforce. They often play major roles in hiring employees, mediating disputes, and overseeing benefits packages.

    • Required Education: Bachelor’s degree required, MBA or master’s in human resources preferred
    • Job Outlook (2019-29): +6%
    • Median Annual Salary: $116,720
    • Average Annual Salary in New York: $158,830

  • Training and Development Managers

    Training and development managers assess and organize the professional development needs of an organization.

    • Required Education: Bachelor’s degree required, MBA or master’s in training and development preferred
    • Job Outlook (2019-29): +7%
    • Median Annual Salary: $113,350
    • Average Annual Salary in New York: $156,910

  • Financial Managers

    Financial managers oversee a business’s finances, monitoring the budgeting and reporting staff to ensure an organization’s financial health.

    • Required Education: Bachelor’s degree required, MBA preferred
    • Job Outlook (2019-29): +15%
    • Median Annual Salary: $129,890
    • Average Annual Salary in New York: $210,240

New York’s Top MBA Employers

MBA graduates in New York can use their degrees to find jobs in finance, marketing, manufacturing, banking, and sales. Companies in New York are often nationally known, which makes job openings very competitive. Thus, these employers seek out highly qualified candidates with the knowledge and experience gained in accredited MBA programs.

The BLS reports high employment numbers and salaries across the business and management sectors: In New York, 611,820 people work in business and financial operations occupations, earning an average annual wage of $96,150 as of May 2019. There are also 502,060 people employed in management occupations, earning a $157,440 average annual wage as of May 2019.

Top MBA Employers in NY


IBM


One of the largest companies in New York, IBM is headquartered in Armonk, New York. The corporation, known for their contributions to computer technology, provides a host of services, including hardware sales and consulting services. IBM offers leadership development programs and career opportunities for MBA graduates, including consultant work.

JPMorgan Chase


JPMorgan Chase, one of the oldest financial institutions in the U.S., is a multinational investment bank and financial holding company. Headquartered in New York City, this bank offers careers in corporate banking, investment banking, and global wealth management. They also offer several programs and internships for MBA students with diverse backgrounds.

PepsiCo


A nationally recognized brand, PepsiCo is headquartered in Harrison, New York. The company’s manufacturing, marketing, and distributing services provide many higher-level career opportunities for MBA graduates. Pepsico offers internship and employment opportunities in marketing, finance, corporate strategy, global procurement, sales, and supply chain operations.


Choosing Between Online Schools in New York

Although our ranked program lists provide a good place for students to begin their school searches, MBA candidates in New York should also consider the following factors:

Accreditation
Business schools in New York should hold regional accreditation from the Middle States Commission on Higher Education and programmatic accreditation from the Accreditation Council for Business Schools.
School Size
Larger schools can offer a greater variety of electives and concentrations, while smaller schools offer more intimate class settings.
Concentrations
Students interested in specialized careers should find schools with concentrations relevant to their aspirations.
University Resources
Students should investigate the resources a school offers learners, including internship opportunities and other career services that can help graduates land jobs.
Alumni Network
The active, extensive alumni networks of well-known programs can help MBA students find job and internship opportunities.

Why You Should You Consider Online Schools in New York

Online MBA programs offer quality, cost-effective education that often better serves the needs of diverse students. Virtual students can pursue an online MBA in New York from anywhere without relocating. Online learners may pay less per credit, avoid costly commutes to campus, and bypass campus-specific fees. Many online MBAs in New York offer in-state tuition rates to students regardless of their actual location.

Many MBA students pursue their degree while working full time, so their professional obligations may not be compatible with the demands of in-person classes. Online programs, however, often offer their courses asynchronously, where students can watch recorded lectures and complete assignments in accordance with their schedules.

Some online MBA programs offer accelerated programs and even course waivers to experienced professionals in the business industry. These opportunities allow professionals to complete their degrees in as little as one year.

Online MBA Programs In Nearby States


Frequently Asked Questions

  • Is an online MBA respected?

    Yes. Online MBA degrees with accreditation from the Accreditation Council for Business Schools and Programs and the Middle States Commission on Higher Education are as well-respected as in-person MBAs.

  • How much does an MBA cost in New York?

    It depends. Several factors affect tuition rates in New York, including the prestige of the school, in-state or out-of-state tuition, and public or private institution. Graduate students should generally expect to pay $12,171-$44,667.

  • Are MBAs still worth it?

    Yes. MBA degrees prepare students for employment in fields such as finance, marketing, management operations, and accounting. Graduates also enjoy higher salaries, opportunities for promotion, and positive job outlooks.

  • Can you get an MBA in one year?

    Some online MBAs in New York offer accelerated study options or course waivers for experienced business professionals, all of which can help students graduate in a year.

2021’s 5 Best Online MBA Programs in New York

On this page, readers can explore the 10 best online MBA programs in New York for 2021. The profiles include details about each online MBA in New York with information about specialization options, required credits, delivery style, and expected timelines.

Every school we rank holds either regional or national accreditation, which holds the overall institution to certain standards. Many also boast program-specific accreditation from these organizations:

  • Association to Advance Collegiate Schools of Business (AACSB)
  • International Accreditation Council for Business Education (IACBE)
  • Accreditation Council for Business Schools and Programs (ACBSP)
  • Our Ranking Methodology
    1. SUNY Oswego
      Location

      Oswego, NY

      Tuition

      $$$$$

      Located on the shores of Lake Erie, SUNY Oswego's campus features brand-new facilities and a student body of nearly 8,000. The school highlights its flexible study options with a wide selection of online and satellite-campus courses.

      School of Business

      At SUNY Oswego, students can engage in a customizable study plan that emphasizes leadership and teamwork skills.

      The curriculum begins with foundational management courses such as management information systems, managerial finance, and international business. Enrollees then choose from a suite of elective offerings; options include cyber law, technology innovation management, and commercial insurance. All participants complete a capstone project in strategic management before graduation.

      Oswego's online MBA program runs parallel to its on-campus counterpart, though learners can also attend courses on the main campus or in Syracuse.

      Applying to Oswego

      Applicants must hold a bachelor's degree and submit transcripts along with a business essay, resume, three recommendation letters, a $65 fee, and GMAT scores. The school also requires a departmental consultation.

      Program at a Glance

      School Type: Public
      Accreditation:M MSCHE, AACSB
      Tuition: $625/credit
      Required Credits: 36-57 credits
      Program Length: 2 years
      Delivery Format: 100% online or on campus

    2. St. Bonaventure University
      Location

      Saint Bonaventure, NY

      Tuition

      $$$$$

      A Franciscan Catholic institution, SBU underpins its academic programs with its namesake saint's philosophy that 'there is no knowledge without love.' Founded in 1854, the school follows core values of compassion, wisdom, and integrity.

      School of Business

      SBU's online MBA emphasizes skill advancement, niche expertise, decision-making, and leadership. Students can customize their studies with the guidance of faculty who prioritize individual goals. The program highlights accessible professors, experiential learning, and virtual professional development opportunities.

      Promoting a strong sense of ethics throughout the 14-course program, SBU requires foundational courses such as introduction to business analytics and economic foundations. The curriculum then proceeds with a 12-credit business core, including financial management, marketing management, and organizational behavior.

      At SBU, program participants can choose from four concentrations with the additional option to complete a capstone project in business policy.

      SBU's MBA Specializations

      Accounting | Business Analytics | Finance | Marketing

      Applying to SBU

      Applicants must hold an accredited bachelor's degree and submit transcripts with a resume, GMAT scores, and online application. The school waives GMAT scores for applicants with a minimum 3.2 GPA or 3.0 plus work experience.

      Program at a Glance

      School Type: Private
      Accreditation:M MSCHE, AACSB
      Tuition: $799/credit
      Required Credits: 42 credits
      Program Length: 2 years
      Delivery Format: 100% online (asynchronous) or on campus

    3. Hofstra University
      Location

      Hempstead, NY

      Tuition

      $$$$$

      Founded in 1935, Hofstra University takes pride in its nationally acclaimed programs, including business, education, and law. The school makes ample use of its close proximity to New York City and encourages students to engage in all the metropolitan environment can offer.

      Frank G. Garb School of Business

      Hofstra University's online MBA prioritizes global perspectives and peer networking through two four-day residency requirements and an optional international experience. The residencies include visits to companies in New York, which allows participants further networking opportunities. Enrollees can also choose to join the program in an international trip between the first and second years; past locations include Japan, South Africa, and China.

      Courses in the program fall under the subheadings of core competencies, advanced core, and major concentration. Requirements include survey of economics, business ethics and society, managerial finance, and global decision-making.

      Hofstra University's MBA Specializations

      Strategic Business Management | Strategic Healthcare Management | Finance

      Applying to Hofstra University

      Applicants must hold a bachelor's degree and submit transcripts along with a resume, three recommendation letters, a personal statement, and GRE or GMAT scores. The program prefers 3-5 years of work experience.

      Program at a Glance

      School Type: Private
      Accreditation:M MSCHE
      Tuition: $1,487/credit
      Required Credits: 36 credits
      Program Length: 16 months
      Delivery Format: Online (synchronous and asynchronous) with some in-person requirements

    4. Marist College
      Location

      Poughkeepsie, NY

      Tuition

      $$$$$

      With campuses in Poughkeepsie, New York, and Florence, Italy, Marist College centers its educational philosophy around core values of excellence, community, and service. The school hosts more than 6,500 students annually.

      School of Management

      Marist's MBA program emphasizes business analytics and data-based decision-making. The program also focuses on industry-specific knowledge, technology, and ethical leadership. While classes run fully online, students can elect to travel to campus for optional weekend residencies near New York City.

      The core MBA curriculum at Marist includes courses such as the 21st century manager, global environment of business, accounting, and strategic management. Participants also take an analytics bootcamp to sharpen their knowledge of tools and techniques like spreadsheets, data mining, data management and analysis, and predictive modeling.

      Marist's MBA Specializations

      Ethical Leadership | Healthcare Administration | Finance Management

      Applying to Marist

      Applicants must hold a bachelor's degree and submit transcripts along with a resume, personal statement detailing career plans, $70 fee, and GMAT or GRE scores.

      Program at a Glance

      School Type: Private
      Accreditation:M MSCHE, AACSB
      Tuition: $850/credit
      Required Credits: 36 credits
      Program Length: 2.5 years
      Delivery Format: 100% online (asynchronous)

    5. St. John's University (New York)
      Location

      Queens, NY

      Tuition

      $$$$$

      A Catholic and Vincentian institution located in the New York City borough of Queens, St. John's promotes a mission of academic rigor combined with compassion and community service.

      Peter J. Tobin College of Business

      St. John's offers a suite of online MBA concentrations that run parallel to their on-campus counterparts in Queens, New York. The program looks at business problems through a global lens, emphasizing hands-on experience and making an effort to connect students with professional alumni. The program requires students to attend an on-campus workshop in basic quantitative and analytical business skills before they begin their studies.

      The curriculum includes 24 credits of core coursework in global financial and managerial reporting, business analytics, industrial economics, and decisions in marketing management. Each concentration requires nine credits. All learners complete a three-credit capstone seminar in business policy before graduation.

      St. John's MBA Specializations

      Business Analytics | Finance | Interdisciplinary | Strategic Management | Marketing | Risk Management and Insurance | Taxation

      Applying to St. John's

      Applicants must hold a bachelor's degree and submit transcripts along with a statement of professional goals, resume, two recommendation letters, and GMAT or GRE scores.

      Program at a Glance

      School Type: Private
      Accreditation:M MSCHE, AACSB
      Tuition: $1,320/credit
      Required Credits: 36 credits
      Program Length: 3 semesters
      Delivery Format: Online (asynchronous) with some in-person requirements

    Accredited Online College Programs

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