Best Colleges Online - Most Affordable Degrees-01

In this article, we profile the top 50 most affordable online MBA degree programs for 2020.

You may want to earn a master’s degree in business for the potential hike in earnings it can deliver. According to a recent career outlook report by the United States Department of Labor – Bureau of Labor Statistics, more master’s degrees were awarded in business than any other field. And among all occupations, business had some of the highest wage premiums for those employed with an MBA. So while there is competition, the earning potential is a huge benefit of earning a master’s in business administration. Online MBA programs are now available to accommodate the growing demand for this degree, and even some of the nation’s top universities are offering MBA programs online.

Ranking Methodology for the 50 Most Affordable MBA Programs Online

This is a list of the top 50 most affordable online MBA degree programs offered by accredited colleges and universities, and ranked according to raw affordability. The programs listed below are strong MBA degree options with graduate tuition and fees below $10,000 per year. We looked at approximately 275 accredited colleges and universities listed by the National Center for Education Statistics (NCES) College Navigator that offered online MBA programs. We verified accreditation and selected schools and programs that had earned rankings by U.S. News and World Report. From the list of schools, we selected the 50 most affordable online MBA programs.

Below is our list of the top 50 most affordable online MBA degree programs listed in order of affordability.

#50 – Union College

Online MBA

Barbourville, Kentucky

Website

Union College - Top 50 Most Affordable Online MBA Degree Programs 2020
Union College’s affordable online MBA costs less than $10,000 per year.

Graduate Tuition/Fees: $9,650

Union College’s affordable online MBA costs less than $10,000 per year and is fully accredited. Applicants should possess an undergraduate degree in business, such as the BBA, from a regionally accredited college or university. Once enrolled, students take online courses like business ethics and social responsibility, contemporary economic issues, managerial and leadership analysis, and marketing for results. The program offers convenient eight-week schedules that accommodate the needs of busy and working students. Union College ranks #45 in best national liberal arts colleges, according to U.S. News and World Report. Additional rankings include #82 in best value schools and #43 in most innovative institutions.

#49 – Louisiana Tech University

Professional Online MBA

Ruston, Louisiana

Website

Louisiana Tech University - Top 50 Most Affordable Online MBA Degree Programs 2020
Earn a professional online MBA! Louisiana Tech University!

Graduate Tuition/Fees: $9,603

As far as affordable MBA online programs go, Louisiana Tech’s professional online MBA is a top choice. Not only is this program fully online, but accredited and cheap. In fact, the annual cost is less than $10,000. Online courses cover a number of business and leadership topics such as the following: accounting analysis for decision making, financial management, global perspective in management, marketing management, and organizational behavior. In addition to accreditation, Louisiana Tech University ranks with U.S. News and World Report as the 272nd best national university. Also, the online MBA programs rank #112 out of more than 1,200 surveyed programs.

#48 – Minnesota State University

Online MBA

Moorhead, Minnesota

Website

Minnesota State University - Top 50 Most Affordable Online MBA Degree Programs 2020
100% placement rate following graduation! The online MBA program at Minnesota State University.

Graduate Tuition/Fees: $9,540

The accredited MBA online program at Minnesota State University is an easily accessible program designed for working or busy students looking for flexible courses and programming. By taking online courses, you won’t sacrifice quality. In fact, this AACSB-accredited program offers 100% placement rate following graduation. All classes are delivered online and cover topics in advanced business practices. Courses include financial management, international marketing, investments, managerial accounting, marketing management, and operations management. MSU ranks #92 in best regional universities in the Midwest by U.S. News and World Report. Also, the online MBA programs rank #208 out of more than 1,200 surveyed programs.

#47 – Ball State University

Online MBA

Muncie, Indiana

Website

Ball State University - Top 50 Most Affordable Online MBA Degree Programs 2020
Ranked and accredited! The online MBA at Ball State University.

Graduate Tuition/Fees: $9,512

Ball State University offers nationally recognized MBA online programs that are accredited by the premier business school accrediting body–the Association to Advance Collegiate Schools of Business (AACSB International). The program is flexible and cost-effective. Five optional concentrations allow students to concentrate on specific areas of business like entrepreneurship, finance, health economics, logistics and supply chain management, and sales management. Admission requires satisfactory GMAT or GRE scores, four letters of recommendation, and solid academic performance in undergraduate studies. U.S. News and World Report ranks the university as a top public school and national institution. Also, the online MBA programs are ranked #15 out of more than 1,200 surveyed programs.

#46 – University of Maine

Online MBA

Orono, Maine

Website

University of Maine - Top 50 Most Affordable Online MBA Degree Programs 2020
100% online! Affordable online MBA programs at University of Maine.

Graduate Tuition/Fees: $9,347

University of Maine’s online master’s in business administration is an affordable option for those looking for a cheap online MBA. Available 100 percent online, the MBA is flexibly designed to accommodate busy and working schedules. Curriculum emphasizes all areas of business, including accounting, business analytics, and finance. The online courses cover topics like financial statement analysis, management policy, managerial marketing, and statistical analysis and modeling for organizational operations. The University of Maine, in addition to being fully accredited, ranks with U.S. News and World Report as a top national university. Also, the online MBA programs rank #47 out of more than 1,200 surveyed by U.S. News.

#45 – Mississippi State University

Online MBA

Mississippi State, Mississippi

Website

Mississippi State University - Top 50 Most Affordable Online MBA Degree Programs 2020
AACSB-accredited! Mississippi State University’s online MBA degree program.

Graduate Tuition/Fees: $8,910

The College of Business at Mississippi State University offers an affordable online MBA program that is AACSB-accredited and ranked by major publications like U.S. News and World Report. This 30-credit hour program offers students affordable classes that can be taken entirely online. Courses include corporate finance, economics for managers, financial and accounting report analysis, management information technology and systems, and strategic business consulting. Admission is competitive and requires a strong undergraduate GPA and GMAT or GRE test scores, along with a bachelor’s degree from an accredited institution. Mississippi State University is ranked by U.S. News and World Report as a top national university and public school. Also, the online MBA programs are ranked #40 out of more than 1,200 surveyed programs.

#44 – Emporia State University

Online MBA

Emporia, Kansas

Website

Emporia State University - Top 50 Most Affordable Online MBA Degree Programs 2020
Earn an online MBA in 12 months! Emporia State University!

Graduate Tuition/Fees: $8,577

In as few as 12 months, students may earn an online master’s in business administration from Emporia State University. This 33-credit online MBA is AACSB-accredited and offered as an accelerated program. With seven-week courses, students learn at a rigorous pace. Online courses cover business topics like advanced financial management, behavioral aspect of management, business policy and strategic management, information systems for managerial decisions, and marketing management. Emporia State ranks with major publications like U.S. News and World Report. In fact, the school ranks #95 in best regional universities in the Midwest and #24 in top public schools. The online MBA programs also rank among the top 300 programs according to U.S. News.

#43 – Oklahoma State University

Online MBA

Stillwater, Oklahoma

Website

Oklahoma State University - Top 50 Most Affordable Online MBA Degree Programs 2020
A self-paced online MBA degree program – Oklahoma State University.

Graduate Tuition/Fees: $8,460

Oklahoma State University’s accredited MBA online program offers full-time and part-time completion options for students with professional obligations that make face-to-face classroom work impossible. The program is self-paced and allows students to take a limited number of courses each semester. Admission to the program can be competitive and requires an earned four-year undergraduate degree from an accredited college or university and a competitive GMAT score and GPA. Oklahoma State is ranked by U.S. News and World Report as a top nationally ranked institution. Also, the online MBA programs have earned a ranking of #40 out of more than 1,200 surveyed programs.

#42 – University of Central Missouri

Online MBA

Warrensburg, Missouri

Website

University of Central Missouri - Top 50 Most Affordable Online MBA Degree Programs 2020
GMAT and GRE waivers available! University of Central Missouri’s online MBA program.

Graduate Tuition/Fees: $8,439

The University of Central Missouri offers an accredited and highly affordable online master’s in business administration. This program requires a minimum undergraduate GPA of 2.5 and satisfactory GMAT or GRE scores for admission. However, GMAT or GRE waivers are available to those with undergraduate cumulative GPAs of 3.5 or better. The online MBA program offers a series of online courses taught by UCM’s esteemed faculty. These courses cover topics like accounting for managers, economic analysis for business decisions, information management systems, and management and strategy. U.S. News and World Report ranks University of Central Missouri #78 in best regional universities in the Midwest.

#41 – Southern Utah University

Online MBA

Cedar, City, Utah

Website

Southern Utah University - Top 50 Most Affordable Online MBA Degree Programs 2020
Ideal for working students! Southern Utah University’s MBA online programs.

Graduate Tuition/Fees: $8,338

Southern Utah University offers MBA online programs that have received continuous accreditation by AACSB International. The purpose of the online MBA is to develop leaders for business in a flexible and convenient distance-learning format. The program offers small class sizes and highly qualified faculty with experience both professionally and academically. Electives allow students to tailor their degree toward specific career goals or personal interests. The program is highly affordable and ranked by major publications like U.S. News and World Report. In fact, the most recent edition of Best Colleges ranks the school’s online MBA as the 118th best program out of over 1,200 surveyed.

#40 – Governors State University

Online MBA

University Park, Illinois

Website

Governors State University - Top 50 Most Affordable Online MBA Degree Programs 2020
AACSB-accredited and affordable online MBA available at Governors State University.

Graduate Tuition/Fees: $8,282

Governors State University offers an affordable online MBA for approximately $8,000 per year. The program is designed to equip students with the necessary skills to manage organizations and increase their profitability. The program is offered fully online or in a hybrid format and takes approximately 18 months to complete. Courses cover a number of advanced business and management topics that are applicable to contemporary roles in business administration. In addition to being a highly affordable program, it is also AACSB-accredited. Governors State ranks with U.S. News and World Report as a top regional university in the Midwest. In addition to school rankings, the online MBA programs rank #241 out of more than 1,200 surveyed programs.

#39 – Lamar University

Online MBA

Beaumont, Texas

Website

Lamar University - Top 50 Most Affordable Online MBA Degree Programs 2020
Earn an online MBA at Lamar University in just 16 months!

Graduate Tuition/Fees: $8,264

Looking for an affordable and accredited online master’s in business administration? Lamar University offers a 36-credit hour online MBA designed to be completed in just 16 months. This fully online program is AACSB-accredited and costs less than $8,300 per year. Based on the FranklinCovey principles of leadership methods, the online MBA at Lamar prepares students for careers in business, administration, and leadership. Online courses are taught by the same nationally recognized faculty who instruct on campus. These courses include financial management, international business, managerial accounting, and strategic management. Lamar is a top-ranked national university. In fact, U.S. News and World Report ranks the school among some of the best schools in the country. Also, Lamar’s online MBA programs rank #213 out of more than 1,200 surveyed programs.

#38 – University of Houston

Online Global MBA

Victoria, Texas

Website

University of Houston - Top 50 Most Affordable Online MBA Degree Programs 2020
Ranked with U.S. News and World Report! University of Houston’s online MBA.

Graduate Tuition/Fees: $7,899

University of Houston’s online master’s in business administration program prepares students with the business competencies needed in today’s international business environment. The fully accredited online MBA is designed for individuals who desire online courses and quick degree completion time. In fact, the online MBA takes only 18 months to complete at University of Houston. In addition to online courses, three concentrations are also available. These concentrations include finance management, human resources management, and marketing. According to U.S. News and World Report, University of Houston ranks #185 in best national universities and #133 in best value schools.

#37 – North Carolina A & T State University

Online MBA

Greensboro, North Carolina

Website

North Carolina A & T State University - Top 50 Most Affordable Online MBA Degree Programs 2020
GRE or GMAT scores required! North Carolina A&T State University’s MBA online programs.

Graduate Tuition/Fees: $7,862

North Carolina A & T State University’s accredited MBA online degree program seeks engaged learners looking to earn an advanced business degree fully online. Offering four business concentrations, the program allows students to tailor their degree to meet career goals or focus on interests. These concentrations include accounting, general management, human resource management, and supply chain management. Eligibility for admission requires an earned bachelor’s degree from an accredited institution, GRE or GMAT scores, and two letters of recommendation. The school ranks with major publications like U.S. News and World Report. In fact, recent rankings of North Carolina A&T include #281 in best national universities.

#36 – Western Governors University

Online MBA

Raleigh, North Carolina

Website

Western Governors University - Top 50 Affordable Online MBA Degree Programs 2020
The online MBA at WGU consists of 11 courses.

Graduate Tuition/Fees: $7,790

The MBA online programs at Western Governors University is ACBSP-accredited and designed for working professionals. In fact, the program itself states that business professionals looking to advance their careers will benefit from earning the online MBA at WGU. Not only does the program offers quality curriculum, but a quick degree completion time. In just 24 months, nearly 80 percent of students graduate with the online MBA. The program consists of 11 courses that cover topics like accounting for decision makers, ethical leadership, financial management, and management communication. WGU ranks with major publications like U.S. News and World Report as a top regional university in the West.

#35 – University of North Texas

Online MBA

Denton, Texas

Website

University of North Texas - Top 50 Most Affordable Online MBA Degree Programs 2020
Earn an online MBA at University of North Texas in just 14 months!

Graduate Tuition/Fees: $7,788

The online master’s business administration degree from University of North Texas is designed to be completed in as little as 14 months. The program offers two areas of specialization designed so students can tailor their degree toward highly specific areas of interest. These specializations include organizational behavior and human resource management and strategic management. The program is AACSB-accredited and provides students with five available start dates throughout the year. Admission requires an official transcript and undergraduate work that warranted at least a 3.0 GPA. GMAT scores are also required. University of North Texas is a regionally ranked institution by U.S. News and World Report. In fact, recently the school has ranked #77 in best regional universities in the West.

#34 – Prairie View A & M University

Online MBA

Prairie View, Texas

Website

Prairie View A & M University - Top 50 Most Affordable Online MBA Degree Programs 2020
Under $8,000 per year! Prairie View A&M’s online MBA program.

Graduate Tuition/Fees: $7,629

Prairie View A&M University offers online master’s in business administration programs designed for busy professionals and working students. The online MBA is accredited by the Association to Advance Collegiate Schools of Business (AACSB) and is highly affordable. In fact, the annual cost at Prairie View is under $8,000 per year. Online courses cover topics like managerial accounting, managerial communication, management economics, marketing management, production and operations management, and strategy and policy. Prairie View ranks with U.S. News and World Report as the 87th to 113th best regional university in the West. Also, the school’s online MBA programs rank among the top 300 in the country.

#33 – East Carolina University

Online MBA

Greenville, North Carolina

Website

East Carolina University - Top 50 Most Affordable Online MBA Degree Programs 2020
Ranked by U.S. News! East Carolina University’s online MBA.

Graduate Tuition/Fees: $7,535

For those seeking cheap online MBA programs, East Carolina University offers an AACSB-accredited and affordable business degree. Thanks to a customizable option, students may earn their degree entirely online by taking flexible classes with no cohorts or dictated pace. These courses cover advanced business and accounting topics like financial and managerial accounting, financial management, government regulation of business, and quantitative methods. Admission to the program requires an undergraduate GPA of at least 2.7 and satisfactory GMAT scores. ECU ranks with major publications like U.S. News and World Report. In fact, the online MBA programs rank #102 out of more than 1,200 programs surveyed by U.S. News.

#32 – Texas Woman’s University

Online MBA

Denton, Texas

Website

Texas Woman's University - Top 50 Most Affordable Online MBA Degree Programs 2020
Affordable 15-month online MBA! Texas Woman’s University.

Graduate Tuition/Fees: $7,497

Texas Woman’s University offers affordable online MBA programs that can be completed in as little as 15 months. With no GMAT or GRE requirement, the online MBA at Texas Woman’s is ideal for students who have been in the workforce for a while or those who’ve never taken graduate entrance exams. The online MBA has a number of emphasis options to help students tailor their degree to align with career goals. Some of the emphasis areas include accounting, business analytics, general business, healthcare administration, or women in leadership. In addition to offering quality programs, the school ranks with U.S. News and World Report as a top national university.

#31 – Augusta University

Online MBA

Augusta, Georgia

Website

Augusta University - Top 50 Most Affordable Online MBA Degree Programs 2020
Ranked and accredited! Augusta University’s MBA online programs.

Graduate Tuition/Fees: $7,444

Augusta University’s MBA online programs are designed for professionals wanting to earn their advanced business degree without restrictions of set geographic location or class time. The WebMBA is a cohort, team-based program. This means students have access to their faculty and their peers though online engagement. Online courses cover topics like accounting systems for managerial control, business analytics for managers, managerial finance, and organizational behavior. A total of ten courses are required for the online MBA. Augusta ranks with U.S. News and World Report as a top national university. Additional rankings include #165 in top performers on social mobility and #428 in top business programs.

#30 – University of Nebraska

Online MBA

Kearney, Nebraska

Website

University of Nebraska - Top 50 Most Affordable Online MBA Degree Programs 2020
33-credit online MBA – University of Nebraska!

Graduate Tuition/Fees: $7,381

The accredited MBA online program at University of Nebraska is designed to prepare students with an advanced understanding and leadership knowledge needed for management roles in all areas of business. The 33-credit hour, AACSB-accredited program consists of 18 hours of core classes and 15 hours of electives. Each student chooses an emphasis track that will help guide their studies. These emphasis tracks are ideal for individuals looking to tailor their degree to fit with goals. Emphasis tracks include accounting, generalist, human resources, and marketing. While the tracks support courses delivered entirely online, the accounting track does require some class attendance. In addition to offering quality classes and rigor, University of Nebraska also ranks with major publications like U.S. News and World Report.

#29 – United States University

Online MBA

San Diego, California

Website

United States University - Top 50 Most Affordable Online MBA Degree Programs 2020
Affordable online master’s in business administration – United States University!

Graduate Tuition/Fees: $7,365

United State University offers an affordable online master’s in business administration designed for working adults. Several concentration options allow students to tailor their degree toward areas of interest or to meet career goals. Some of the concentrations include business analytics, finance, human resources, international business, marketing, and project management. All courses are delivered online and taught by United States University faculty. These courses cover topics like business economics, business information systems, financial management, and managerial accounting. In addition to accreditation, the school ranks with U.S. News and World Report.

#28 – Louisiana State University

Online MBA

Shreveport, Louisiana

Website

Louisiana State University - Top 50 Most Affordable Online MBA Degree Programs 2020
An online MBA with concentrations! Louisiana State University.

Graduate Tuition/Fees: $7,349

Louisiana State University’s online master’s in business administration is designed for working professionals seeking an accredited and advanced business degree. The online MBA offers a number of concentrations that allow students to dig deeper into their studies. These concentrations help students curtail their degree to meet career goals or align with personal interests. Some of the concentrations offered at LSU include data analytics, finance, hospitality and casino management, marketing, and project management. LSU ranks with U.S. News and World Report as a top regional university in the South and top performer on social mobility.

#27 – Clayton State University

Online MBA

Morrow, Georgia

Website

Clayton State University - Top 50 Most Affordable Online MBA Degree Programs 2020
Finish an online MBA at Clayton State University in just 12 months!

Graduate Tuition/Fees: $7,234

Clayton State University’s cheap online MBA programs are AACSB-accredited and 100 percent online. Designed for working students and professionals, the online MBA allows students to attend classes virtually from anywhere in the world. The degree can be earned in as little as 12 months. Also, the program offers several concentrations designed to help students tailor their degree. Available concentrations include accounting, digital marketing, general business, human resource leadership, international business, and supply chain management. To apply, students must hold a bachelor’s degree with a minimum undergraduate GPA of 3.0 from a regionally accredited college or university. Clayton State ranks #96-#122 in best regional universities in the South. Also, Clayton’s online MBA programs rank #172 out of more than 1,200 surveyed programs.

#26 – Tarleton State University

Online MBA

Stephenville, Texas

Website

Tarleton State University - Top 50 Most Affordable Online MBA Degree Programs 2020
Fast track options available for the online MBA at Tarleton State.

Graduate Tuition/Fees: $7,215

Fast track and traditional track MBA online programs are available at Tarleton State University. In as little as 12 months, students may earn their online MBA at Tarleton by following the fast track option. All courses are delivered online and taught by university faculty. These courses include accounting management, business problems, business research methods, financial management, managerial economics, and marketing management. Tarleton State ranks #70 in best regional universities in the West and #31 in top public schools. Also, Tarleton’s online graduate business programs rank among the top 150 and top 200. The school is one of the most affordable on our list.

#25 – Eastern New Mexico University

Online MBA

Portales, New Mexico

Website

Eastern New Mexico University - Top 50 Most Affordable Online MBA Degree Programs 2020
100% online! Eastern New Mexico University’s online MBA program.

Graduate Tuition/Fees: $7,044

One affordable online MBA program on our list belongs to Eastern New Mexico University. This 100% online program offers affordable tuition and accreditation through the Accreditation Council for Business Schools and Programs (ACBSP). All classes (30 credits) are delivered online and taught by the university’s experienced faculty. These courses cover business topics like accounting for managers, integrative strategic management, and managerial research analysis. To be admitted, applicants must have an overall undergraduate GPA of 3.0 or higher for consideration. According to U.S. News and World Report, the institution ranks among the top regional universities in the West.

#24 – American Public University System

Online MBA

Charles Town, West Virginia

Website

American Public University System - Top 50 Most Affordable Online MBA Degree Programs 2020
A fully accredited online MBA – American Public University.

Graduate Tuition/Fees: $7,005

Offering cheap online MBA programs designed for working students, American Public University requires no application fee or entrance exams for admission. This 39-credit hour, ACBSP-accredited online MBA also offers a number of concentrations that allow students to tailor their degree to fit with career goals and personal interests. These concentrations include accounting, analytics, finance, global business management, healthcare administration, and sports management, as well as others. APU classes are delivered online and cover advanced business topics. These classes include applied decision making, corporate finance, and strategic management. In addition to ACBSP accreditation, APU ranks with U.S. News and World Report among the top regional universities in the South.

#23 – Angelo State University

Online MBA

San Angelo, Texas

Website

Angelo State University - Top 50 Most Affordable Online MBA Degree Programs 2020
No GMAT required! Angelo State University’s online MBA.

Graduate Tuition/Fees: $6,859

Angelo State University’s online master’s in business administration is a top no-GMAT MBA program that only requires test scores for admission when an applicant offers a low GPA. In fact, to bypass the GMAT prior to admission, students only need a bachelor’s degree from an accredited university and an undergraduate GPA of 3.0 or better. A total of 30 credits are required for the Angelo State online MBA. Classes are delivered online and cover business and management topics like advanced management accounting, financial management, legal and social environment of business, and managerial economics. Angelo State also ranks with U.S. News and World Report as a top regional university in the West. Additionally, the school’s online MBA programs rank #161 out of more than 1,200 programs surveyed by U.S. News.

#22 – Texas Southern University

Online Executive MBA

Houston, Texas

Website

Texas Southern University - Top 50 Most Affordable Online MBA Degree Programs 2020
Only 12 courses required for the online MBA at Texas Southern University.

Graduate Tuition/Fees: $6,811

Texas Southern University’s accredited MBA online degree program is a two-year program designed to meet the unique and challenging needs of mid-career business professionals looking to earn an executive MBA (EMBA). Delivered entirely online, the EMBA program offers virtual classrooms, live chats, online lectures, and teleconferencing. Since this program is an EMBA, emphasis is placed on work experience. To be admitted, you are not required to take the GRE or GMAT, but must have professional work experience. The program consists of 36 credit hours or a total of 12 courses. Texas Southern ranks with major publications like U.S. News and World Report. In fact, the school ranks #293-#381 in best national universities.

#21 – University of North Carolina Pembroke

Online MBA

Pembroke, North Carolina

Website

University of North Carolina - Top 50 Most Affordable Online MBA Degree Programs 2020
Less than $7,000! UNC Pembroke’s MBA online program.

Graduate Tuition/Fees: $6,770

UNC Pembroke offers accredited and cheap MBA online programs designed for working and busy students looking for flexible online MBA degrees. Whether you want to start your own business or advance in your current career, the AACSB-accredited online MBA at UNC can help you achieve success. Students take a series of foundation and core courses that explore advanced topics in business and management. These courses include foundations of business statistics, foundations of finance, international business, managerial finance, and strategic planning. UNC Pembroke ranks with U.S. News and World Report as the 87th best regional university in the South. Also, the online MBA programs rank #241 out of more than 1,200 programs surveyed by U.S. News.

#20 – Arkansas Tech University

Online MBA

Russellville, Arkansas

Website

Arkansas Tech University - Top 50 Most Affordable Online MBA Degree Programs 2020
Ranked and affordable! Arkansas Tech’s online MBA degree programs.

Graduate Tuition/Fees: $6,737

Arkansas Tech University offers cheap online MBA programs that cost less than $7,000 per year. But not only do students enrolled in the online MBA program at Arkansas Tech save money, they also save time. Online classes are offered at convenient times, making attendance flexible for those balancing work and family obligations. Some of the required courses cover topics like accounting analysis, business information analysis, corporate financial management, digital marketing strategy, and organizational management and leadership. In addition to the array of business classes, students may elect to choose one of the available concentrations to meet with career goals. Concentrations are available in business data analytics and digital marketing. Arkansas Tech ranks with U.S. News and World Report as the 75th best regional university in the South.

#19 – Southern Arkansas University

Online MBA

Magnolia, Arkansas

Website

Southern Arkansas University - Top 50 Most Affordable Online MBA Degree Programs 2020
Cheap online MBA program options are available at Southern Arkansas University.

Graduate Tuition/Fees: $6,582

Southern Arkansas University offers an affordable online MBA that consists of 30 credits and takes approximately two years to complete. Offered through the Rankin College of Business, the fully accredited (AACSB International) program prepares students for careers in business and management. Courses are taught by Southern Arkansas faculty and cover advanced topics in management, leadership, business, and finance. Some of the courses you will see while enrolled in the program include accounting for decision makers, enterprise resource planning, human behavior in organizations, and strategic planning and analysis. U.S. News ranks Southern Arkansas University #96-#122 in best regional universities in the South. Also, the school’s online MBA programs rank #245-#321 out of more than 1,200 surveyed programs.

#18 – William Woods University

Online MBA

Fulton, Missouri

Website

William Woods University - Top 50 Most Affordable Online MBA Degree Programs 2020
Ranked with U.S. News! The online MBA program at William Woods University.

Graduate Tuition/Fees: $6,580

William Woods University’s accredited MBA online program is designed to fit the needs and schedules of working professionals. By taking online courses, students may earn their online MBA in less than two years. Required courses cover topics like accounting for managers, business strategies, human resources and organizational behavior, managerial ethics, and statistics and research methods. To be eligible for admission, students must submit official transcripts reflecting a 2.5 GPA or higher. Also, applicants must have three hours of accounting and three hours of economics on an undergraduate level. According to U.S. News and World Report, the online MBA programs rank #245-#321 out of more than 1,200 programs surveyed by U.S. News.

#17 – Ashland University

Online MBA

Ashland, Ohio

Website

Ashland University - Top 50 Most Affordable Online MBA Degree Programs 2020
100% online MBA! Ashland University.

Graduate Tuition/Fees: $6,540

The Ashland University accredited MBA online program provides options to help fit academics and studies into both home and work life. Available fully online and at an accelerated pace, the program allows students to complete their online MBA in as little as one year. Several specialization options add to the convenience of the program. These specializations allow students to tailor their degree to fit with career goals and personal interests. Popular specializations include accounting, business analytics, entrepreneurship, financial management, health care management, and more. In addition to the school’s ACBSP accreditation, Ashland has also received rankings with U.S. News and World Report. These rankings include #53 in best regional universities in the Midwest and #131 in best online MBA programs.

#16 – Amberton University

Online MBA

Garland, Texas

Website

Amberton University - Top 50 Most Affordable Online MBA Degree Programs 2020
Looking for an affordable online MBA? Amberton University has cheap options.

Graduate Tuition/Fees: $6,390

Amberton University, an institution dedicated to helping working adults earn degrees, offers MBA online programs. Classes are delivered entirely online and taught by Amberton’s experienced faculty. The online MBA offers several specialization areas, as well as a general business path for those seeking traditional MBA curriculum. The program consists of 36 credits. Courses cover topics like accounting and finance for managers, ethics for decision making, management fundamentals, statistical analysis, and theory and application of research methods. The school is accredited and ranked with U.S. News and World Report. In fact, rankings include best regional university in the West.

#15 – Henderson State University

Online MBA

Arkadelphia, Arkansas

Website

Henderson State University - Top 50 Most Affordable Online MBA Degree Programs 2020
Ranked and accredited online MBA programs at Henderson State University.

Graduate Tuition/Fees: $6,387

Henderson State University’s accredited MBA online program offers a hybrid pathway to completing the advanced business degree. In this online and hybrid option, students take two courses per term. These courses are self-paced and online, but also require two weekend classroom sessions on Friday at night and on Saturday during the day. To provide maximum flexibility, the weekend sessions can be done in class or online by using video conferencing technology. Admission criteria must be met for consideration for acceptance. Applicants must hold a bachelor’s degree from an accredited college or university and have adequate GMAT or GRE scores. Henderson State ranks with U.S. News and World Report as the 79th best regional university in the South.

#14 – University of West Georgia

Online MBA

Carrollton, Georgia

Website

University of West Georgia - Top 50 Most Affordable Online MBA Degree Programs 2020
The online MBA degree at University of West Georgia takes 18 months to earn.

Graduate Tuition/Fees: $6,362

University of West Georgia offers cheap online MBA programs, such as the online MBA that is fully accredited and takes 18 months to complete. This AACSB-accredited MBA consists of thirty credits and accepts up to six transfer credits. Courses are delivered online and taught by university professors. These courses cover topics like business strategy, human behavior in organization, managerial decision analysis, managerial finance, and strategic marketing. Admission to the online MBA at UWG requires official GMAT or GRE scores and transcripts. Applicants must also have at least two years of professional business experience. UWG ranks with U.S. News and World Report. In fact, the online MBA programs rank #62 out of more than 1,200 surveyed programs.

#13 – West Liberty University

Online MBA

West Liberty, West Virginia

Website

West Liberty University - Top 50 Most Affordable Online MBA Degree Programs 2020
100% online – West Liberty’s online MBA.

Graduate Tuition/Fees: $6,300

West Liberty University’s online master’s in business administration is 100% online and fully accredited. This affordable online MBA also offers three concentrations so that students may tailor their degree to align with career goals. These concentrations include forensic accounting, healthcare, and management. WLU’s online MBA consists of 30 credits and ten courses. The accelerated format means classes run seven weeks in length and makes it possible to earn the degree in just 12 months. In addition to being fully accredited, West Liberty ranks with U.S. News and World Report as the 75th best regional university in the South. Also, WLU’s online MBA programs rank #245-#321 out of more than 1,200 programs surveyed by U.S. News.

#12 – Missouri State University

Online MBA

Springfield, Missouri

Website

Missouri State University - Top 50 Most Affordable Online MBA Degree Programs 2020
Nearly $6,000 per year! Missouri State University’s MBA online program.

Graduate Tuition/Fees: $6,250

Offering one of the most affordable MBA online programs on our list, Missouri State University provides options for busy and working students seeking advanced business degrees. Tuition for the online MBA is the same for in-state and out-of-state students. This means you can earn your online MBA from anywhere in the country for close to $6,000 per year. Courses are delivered online and provide a solid foundation for business students. These courses cover topics like accounting concepts for managers, fundamentals of economics, legal environment for business managers, managerial finance, and statistical methods in business research. In addition to the online MBA, students may elect to earn a graduate certificate in one of many areas of business offered at MSU. Missouri State ranks with U.S. News and World Report as a top national university.

#11 – The University of Texas of the Permian Basin

Online MBA

Odessa, Texas

Website

The University of Texas of the Permian Basin - Top 50 Most Affordable Online MBA Degree Programs 2020
AACSB-accredited and highly affordable online MBA! The University of Texas of the Permian Basin.

Graduate Tuition/Fees: $6,038

The University of Texas of the Permian Basis offers an affordable online MBA that is accredited by the AACSB. Admission to the online MBA requires transcripts from all colleges and universities attended and satisfactory GMAT scores. Once accepted, students take a series of advanced online business courses taught by UT faculty. The accredited program prepares students for careers in business as leaders and change-makers. Each online course is taught by the same professors who teach on campus and are committed to research and mentoring students. Adding to the program and school reputation, UTPB ranks with U.S. News and World Report as the 82nd best regional university in the West. Also, the online MBA programs rank #191 out of more than 1,200 programs surveyed by U.S. News.

#10 – Texas A & M University Central Texas

Online MBA

Killeen, Texas

Website

Texas A & M University Central Texas - Top 50 Most Affordable Online MBA Degree Programs 2020
Affordable online MBA programs! Texas A&M University Central Texas!

Graduate Tuition/Fees: $6,026

Individuals looking for cheap online MBA programs may want to consider the MBA program at Texas A&M Central Texas. In addition to core MBA coursework, the program offers areas of interest in high demand fields such as computer information systems, human resource management, management, healthcare administration, and international business. Choosing an area of interest provides additional expertise to be used as leverage when seeking a new career or promotion. The program is currently accredited by the Accreditation Council for Business Schools and Programs and is also seeking accreditation from the Association to Advance Collegiate Schools of Business. Admission requirements include GMAT scores, 500 word personal statement, and one professional letter of recommendation.

#9 – University of the Cumberlands

Online MBA

Williamsburg, Kentucky

Website

University of the Cumberlands - Top 50 Most Affordable Online MBA Degree Programs 2020
Career concentrations available with the online MBA at University of the Cumberlands.

Graduate Tuition/Fees: $5,970

Through the Robert W. Plaster Graduate School of Business, the University of the Cumberlands offers a fully accredited MBA online with six career concentrations across several industries, including IT and health care. The program accepts students from all academic backgrounds, and they are not required to have an undergraduate business degree. Students without a business degree may be required to take foundational courses in finance, accounting, management, marketing, and statistics, depending on their undergraduate major. Students must complete the degree in four years from the time they matriculate. In addition to an undergraduate degree, students must possess a 2.5 minimum GPA.

#8 – Southeast Missouri State University

Online MBA

Cape Girardeau, Missouri

Website

Southeast Missouri State University - Top 50 Most Affordable Online MBA Degree Programs 2020
Affordable and accredited online MBA program – Southeast Missouri State University.

Graduate Tuition/Fees: $5,959

Southeast Missouri State University offers cheap online MBA programs with concentrations in general management, sport management, and health administration. Admission is open to all students with any bachelor’s degree from an accredited institution. Those without an undergraduate degree in business will be required to take approved foundational courses in economics, accounting, finance, MIS, and statistics. The institution offers both regular and probationary admission to applicants, based on several criteria. GMAT or GRE waivers are available for those who meet the criteria. The institution has a sound regional reputation and ranks #78 in regional universities Midwest and #16 in top public schools by U.S. News and World Report.

#7 – New Mexico State University

Online MBA

Las Cruces, New Mexico

Website

New Mexico State University - Top 50 Most Affordable Online MBA Degree Programs 2020
A highly affordable online MBA! New Mexico State University.

Graduate Tuition/Fees: $5,753

Cheap online MBA programs are abundant, but the program at New Mexico State University offers both affordable tuition and rigorous coursework taught by expert faculty. The program is housed in the NMSU College of Business and is accredited by the Association to Advance Collegiate Schools of Business, which accredits only 5% of business schools worldwide. The 36-credit offering generally takes people 2-3 years to complete and can be started during any term, which means accepted students can begin shortly after applying and matriculating. Students can choose from concentrations in agribusiness, finance, information systems, and public utility regulation. The online MBA program is ranked #131 by U.S. News and World Report.

#6 – Fitchburg State University

Online MBA in Accounting

Fitchburg, Massachusetts

Website

Fitchburg State University - Top 50 Most Affordable Online MBA Degree Programs 2020
Affordability! Fitchburg State University’s online MBA.

Graduate Tuition/Fees: $5,742

Fitchburg State University offers one of our top-ranked MBA online programs, due to its affordable tuition. The 30-credit degree can be finished in as little as 12 months and is accredited by the International Accreditation Council for Business Education. All individuals with a bachelor’s degree are welcome to apply. Admission requirements include regionally accredited bachelor’s degree, GPA of at least 2.8, resume, and transcripts. The GMAT or GRE are not required to apply. Fitchburg State is ranked in numerous U.S. News and World Report categories including #108 in best regional universities North and #245 in best online MBA programs.

#5 – Fayetteville State University

Online MBA

Fayetteville, North Carolina

Website

Fayetteville State University - Top 50 Most Affordable Online MBA Degree Programs
100% online MBA – Fayetteville State University.

Graduate Tuition/Fees: $5,730

Fayetteville State University offers an accredited MBA online that is both flexible and affordable. As part of the UNC system of institutions, online MBA students at FSU have full access to the services and world-class faculty available to help them succeed. Students with a bachelor’s degree from an accredited institution with at least a 2.75 GPA are welcome to apply. Students should contact the institution or check its website as GMAT/GRE waivers are available when applicants meet certain criteria. Accepted students can choose from 10 concentrations in areas like business intelligence and data analytics, finance, health care management, project management, supply chain management, and more.

#4 – Chadron State College

Online MBA

Chadron, Nebraska

Website

Chadron State College - Top 50 Most Affordable Online MBA Degree Programs 2020
A highly affordable online MBA program – Chadron State College.

Graduate Tuition/Fees: $5,352

On our list of cheap online MBA programs, Charon State College offers a regionally accredited program for supervisors and mid-level managers seeking to gain new skills and knowledge through graduate coursework in business and related disciplines. Coursework includes advanced cost management accounting, information systems for managers, governmental and not for profit accounting, and legal and social environment of business. The program is flexible and is offered partially or entirely online in 8-week course iterations. New applicants are required to take an assessment to test their foundational knowledge, which takes two hours. Students that pass will not be required to take any foundational coursework.

#3 – Southeastern Oklahoma State University

Online MBA

Durant, Oklahoma

Website

Southeastern Oklahoma State University - Top 50 Most Affordable Online MBA Degree Programs 2020
Fully online and highly affordable! The online MBA at Southeastern Oklahoma State University.

Graduate Tuition/Fees: $5,022

Southeastern Oklahoma State University offers an affordable online MBA with a staggering 13 concentration areas in fields such as accounting, aerospace logistics, health care information systems, women in leadership, and many more. The diverse offerings make it an attractive program for working professionals seeking a distinct career path that requires in-depth coursework alongside traditional MBA coursework in marketing, management, finance, accounting, and economics. Administered through the John Massey School of Business, the program is accredited by The Association to Advance Collegiate Schools of Business and features a simple admission process that does not include test scores of any kind.

#2 – Georgia Southwestern State University

Online MBA

Americus, Georgia

Website

Georgia Southwestern State University - Top 50 Most Affordable Online MBA Degree Programs 2020
Georgia Southwestern State offers an accredited online MBA designed for working students.

Graduate Tuition/Fees: $4,928

Georgia Southwestern State University offers one of our top-ranked cheap online MBA programs, featuring flexible coursework and affordable tuition rates. The program allows students from all academic and professional backgrounds to apply. Applicants without a bachelor’s in business or a related major should apply as post-baccalaureate students and may have to take prerequisite classes in accounting, statistics, finance, and management. These courses can be taken at Georgia Southwestern or another institution upon gaining approval. Courses must be passed with at least a 3.0 on a 4.0 scale. Graduates go on to work in many different industries as the degree provides students with business expertise that fits nearly any context and occupation.

#1 – Cameron University

Online MBA

Lawton, Oklahoma

Website

Cameron University - Top 50 Most Affordable Online MBA Degree Programs 2020
Offering the most affordable online MBA degree program on our list – Cameron University!

Graduate Tuition/Fees: $4,590

Cameron University offers our top-ranked affordable online MBA. The degree is geared towards working professionals seeking to leverage a graduate degree into future career opportunities, including high-level executive positions within a wide range of industries. The program covers traditional business topics that prepare graduates for the business and leadership challenges faced in a rapid-moving economy. Graduates go on to work for large, medium, and small organizations, while many also follow their own entrepreneurial paths to start their own companies. Cameron ranks #191 in best online MBA programs and #87 in best regional universities West by U.S. News and World Report.

By BCO Staff
March 2020

This concludes our list of the top 50 most affordable online MBA degree programs for 2020.

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