MBA graduates in Wyoming can access a variety of careers. The state's top sectors include tourism, energy, agriculture, and engineering.
Earning an MBA provides students with an understanding of diverse business topics. Students learn about finance, leadership, HR, marketing, and economics. MBA graduates can apply these skills across various industries.
An MBA can also unlock increased earning potential. According to PayScale data, MBA graduates earn an average annual salary of $92,000 as of July 2022.
By comparing the best online MBA programs in Wyoming, prospective students can decide which schools to consider. Learn about online MBA programs in Wyoming, including admissions requirements, concentrations, and career outlook.
Why Get an Online MBA in Wyoming?
Enrolling in an online MBA program can feel like a big commitment, especially for students who are also working full-time. However, the potential for career advancement, salary growth, and professional connections can make getting an MBA worthwhile. Here are some benefits students can expect from an online MBA:
- Job opportunities: Many businesses are eager to hire MBA graduates. In the National Association of Colleges and Employers (NACE) Winter 2022 survey, MBA graduates were the most in-demand master’s level graduates, according to employers.
- Flexibility: Online MBA programs offer a lot of flexibility. Online MBA programs often offer flexible part-time attendance options and asynchronous learning. Graduates also have flexibility in their career options. They can apply their skills to a larger variety of roles and industries than other master’s degree options.
- Networking: MBA programs can offer great networking opportunities. The connections made with peers, alumni, teachers, and industry professionals can help students throughout their careers.
Getting an online MBA in Wyoming can benefit students due to the state's affordable tuition rates. For example, the University of Wyoming offers an online MBA program that charges students $9,996 per year. This rate is lower than the average graduate tuition of $12,410 for the 2019-20 school year, according to the National Center of Education Statistics.
If you live or plan to work in Wyoming, choosing a Wyoming college for your online MBA may be more beneficial for several reasons. Many schools, including the University of Wyoming, offer optional in-person networking activities open to online students. Wyoming schools are also more likely to have strong reputations and relationships with top Wyoming employers.
What To Expect From MBA Programs in Wyoming
Online MBA programs in Wyoming may be completed on a full-time or part-time basis. Full-time students may earn an MBA in one year if they enroll in summer courses. MBA programs in Wyoming typically require 30-40 credit hours for completion.
Online MBA programs may require scheduled virtual meetings or be fully asynchronous, allowing students to review class materials on their own schedules without set class times. Many MBA students prefer asynchronous programs so they can continue working in a part-time or full-time capacity while pursuing their degrees.
MBA programs in Wyoming typically cover a wide variety of business topics. Students often learn about financial management, leadership, organizational behavior, and marketing in their core classes.
Admission Requirements for MBAs
To apply for admission to an MBA program in Wyoming, students must hold a bachelor’s degree.
MBA programs often do not have specific requirements for undergraduate majors or coursework. However, some programs require students to demonstrate proficiency in business math, economics, or accounting. Students can typically do this through related coursework or professional experience. A GPA above 3.0 is strongly preferred. To be competitive in more prestigious programs, students may need above a 3.5 GPA.
Many MBA programs in Wyoming require or prefer that applicants have 2-5 years of professional experience. Though some programs are open to recent graduates with intern experience.
GRE or GMAT scores are required by some institutions. Even if these tests are not required, they can be helpful in offsetting a lower undergraduate GPA or limited work experience.
MBA Concentrations for Wyoming Students
Some schools offer both general MBA and MBA concentration program options. While a general Wyoming MBA offers business-related coursework relevant to most managerial positions in most state industries, a concentrated MBA program includes industry-specific or role-specific coursework. In many cases, an MBA with a concentration translates into easier access to a particular industry or specialized position.
Students with clear career aspirations can sometimes reach their goals more quickly by choosing concentrated online MBA programs in Wyoming. For example, students seeking management roles in the state's booming healthcare, mining, and tourism industries can find corresponding Wyoming MBA concentrations in hospitality management, healthcare administration, supply chain, or operations management.
Careers for MBA Graduates in Wyoming
Medical and Health Services Manager
Also known as healthcare administrators or executives, medical and health services managers include nursing home managers, clinic managers, and health information managers. These professionals manage medical departments or institutions, often overseeing staffing, finances, technology, and recordkeeping.
Medical and health services managers also attend to public relations and keep current on legal and regulatory shifts in the field. MBA graduates interested in healthcare careers benefit from general MBA coursework on leadership, operations management, and budgeting or from MBA in healthcare concentrations featuring industry-specific courses.
Wyoming's growing healthcare industry bodes well for aspiring medical and health services managers. The U.S. Department of Labor projects a 20% growth in medical and health services manager positions between 2018 and 2028. U.S. Bureau of Labor Statistics (BLS) reports medical and health services managers in Wyoming earn about $104,500 annually.
Human Resources Manager
Human resources managers supervise staffing processes, attend to employee hiring and benefits, and assist executives in formulating long-term plans. These versatile managers can come from a variety of academic backgrounds. But, MBA coursework in communications and leadership can provide skills to address sensitive matters such as employee grievances and disciplinary action.
Online MBAs in HR management often provide ideal academic preparation for this position. MBA graduates interested in HR management can seek employment with any of Wyoming's top companies. Wyoming's 140 HR managers earned an annual mean salary of $106,400 as of May 2021, according to the BLS.
In addition to supervising the organization's directors, managers, or department heads, top executives create goals, make high-level decisions, and perform public relations duties. To qualify for this leadership role, top executives usually need an advanced degree plus considerable management experience in a related industry.
An MBA focused on relevant industry or leadership areas such as management, organizational leadership, or public relations can strengthen a candidate's job application. Wyoming's top executives lead the state's major companies and schools, nonprofits, and governmental organizations. The BLS reports these professionals earn an average salary of $124,490 annually..
Financial managers work in education, healthcare, mining, and many other leading Wyoming industries. These professionals supervise financial staff and direct financial activities including budgeting, fundraising, investing, and compensation. To become a financial manager in Wyoming, candidates need related finance industry experience.
Although many financial managers hold a bachelor's degree, MBA coursework in risk management, accounting, and funds management builds additional relevant knowledge and skills for this position. Students may also select a finance-related MBA concentration.
According to BLS data, Wyoming's 730 financial managers earn a mean annual salary of $114,220. The BLS projects a 17% job growth in financial manager positions between 2020 and 2030.
Computer and Information Systems Manager
Computer and information systems managers make technology-related decisions and lead IT staff in implementation. Decisions and tasks typically relate to information security, systems and equipment upgrades, and technical staffing.
Although entry-level managers sometimes hold bachelor's degrees, students aspiring to higher-level computer and information systems management positions benefit from the focused curriculum and specialization enabled by a technology-related MBA concentration. BLS state salary data for this position indicates an annual mean salary of $102,700.
Top Industries in Wyoming
MBA graduates in Wyoming find a promising job outlook and robust economy. Wyoming's economy has recovered 86% of the jobs it lost between February and April 2020. The state also has a low unemployment rate of 3.3%.
The top industries in Wyoming include healthcare and the military, with the largest employers located in major urban areas. The University of Wyoming in Laramie, Natrona County School District in Casper, and Cheyenne Regional Medical Center in Cheyenne rank among the state's top employers.
Other major industries cluster primarily in rural areas and include agriculture, mineral extraction, and energy. Tourism is also an attractive industry, with the state boasting Yellowstone National Park, Grand Teton National Park, and Independence Rock.
NUMBER OF EMPLOYEES
Cheyenne Regional Medical Center
US Air National Guard
Coal Mining & Shipping
Source: Career One Stop
Earning an online MBA can help graduates land a job with one of Wyoming's top employers. The skills that students gain while studying business at the graduate level apply broadly to nearly any industry, including education and healthcare.
MBA graduates learn leadership, management, communication, and interpersonal skills useful in nearly any organization, both for-profit and nonprofit. The education and healthcare industries both need leaders who understand how to manage finances and people.
The Top Online MBA Program in Wyoming of 2022
#1 Online MBA Programs in Wyoming
University of Wyoming
- Laramie, WY
- 4 years
- Online + Campus
The University of Wyoming was founded in 1886. It is one of only 10 degree-granting higher education institutions in the state. The main campus is located in Laramie, Wyoming. The school offers over 200 areas of study.
University of Wyoming College of Business
The University of Wyoming College of Business' online MBA program helps students strengthen their professional skills, leadership abilities, and decision-making acumen. The program is offered completely online in an asynchronous format.
The degree consists of 30 core curriculum credits. Students may also complete an energy concentration by taking three additional courses. This concentration is designed for students interested in the energy industry. Energy is a major industry in Wyoming, and this concentration can help students gain practical skills that they need to enter or grow in the field.
The UW MBA program holds accreditation from the Association to Advance Collegiate Schools of Business. Students may attend the program on a part-time or full-time basis. The degree can be completed in as little as three semesters.
UW's MBA Specializations
Applying to UW
Students applying to the UW MBA program must complete a graduate admissions application. Applicants must also submit a professional resume, GRE scores, official transcripts, and 1-3 letters of recommendation. A completed bachelor’s degree is required, but there are no specific course prerequisites. Applicants are also invited to virtual interviews.
Program at a Glance
- School Type: Public
- Accreditation: AACSB
- Tuition: $4,998 per semester
- Required Credits: 30
- Program Length: 12 months ( full time or part time)
- Delivery Format: 100% online (asynchronous)
Percent Online Enrollment
Percentage of all students who are enrolled online.
Higher Learning Commission
Online MBA Programs in Surrounding States
Featured Image: ReDunnLev / iStock / Getty Images Plus