Dreaming of an MBA but worried about the cost? Don’t let that stop you! An MBA can open doors to amazing career opportunities, but it doesn’t have to come with a huge price tag. Online MBA programs are becoming more affordable, and the best part? You can study from home, no matter where you are in the world.
These programs let you earn a respected degree without draining your savings or moving to another country. Individuals interested in these programs can compare the cheapest online MBA programs for international students listed below.
Cheapest Online MBA Programs for International Students
1. University of North Carolina at Chapel Hill
Cost per Degree:
In-State | $125,589
Out-of-State | $125,589
Credits to Graduate: 62
Part-time and full-time MBA programs are available at UNC Online’s Kenan-Flagler Business School, with completion times ranging from 18 to 36 months.
With emphases in management and leadership, finance, and entrepreneurship, this AACSB-accredited curriculum is STEM-designated. By enrolling in electives in any discipline, students can also design their own curriculum.
In addition to a bachelor’s degree, applicants must have at least 2 years of professional experience. Candidates with a minimum of five years of professional experience are exempt from submitting their GMAT or GRE results.
2. University of Florida
Cost per Degree:
In-State | $58,000 (2-year program), $48,000 (16-month program)
Out-of-State | $58,000 (2-year program), $48,000 (16-month program)
Credits to Graduate: 32 (1-year program) or 48 (2-year program)
The Warrington College of Business at UF offers an online MBA program with a management and leadership concentration. There are two options available to students: a 16-month program and an adaptable 24-month track.
UF was among the first universities to provide an authorized online MBA program in 1999. An applicant must have at least two years of full-time professional experience to be eligible for admission to the program. The university also helps students navigate discussions about asking their employers to pay for their education.
3. Johns Hopkins University
Cost per Degree:
$144,000
Credits to Graduate: 54
The Carey Business School at Johns Hopkins’s online MBA program emphasizes resilience, entrepreneurship, and leadership development. In addition to benefiting from case competitions, student groups, and a community consulting lab, learners can select from eight different specializations.
Both synchronous and asynchronous options are available for the two to three-year fully online curriculum. A range of in-person activities are available for students to complete, such as expedited electives, leadership development trips, and global immersions. Options for online experiential learning are also provided by the curriculum.
4. William & Mary
Cost per Credit:
In-State | $1,425
Out-of-State | $2,025
Credits to Graduate: 49
The Raymond A. Mason School of Business’s online MBA program at William & Mary examines problem-solving and leadership in a global setting. Enrollment in the program is restricted to 22 individuals per class, and it requires 12 courses.
When it comes to William & Mary’s online MBA program, over 96% of graduates rate their satisfaction as “high” or “very high.” According to the college, MBA graduates make, on average, $135,686 per year. Alumni are employed by organizations like Charles Schwab, JP Morgan Chase, Microsoft, and Amazon.
5. The University of Texas Rio Grande Valley
Cost per Credit:
In-State | $472
Out-of-State | $472
Credits to Graduate: 36
Students can enhance their project management and leadership abilities by enrolling in UTRGV’s fully online MBA program. In just twelve months, participants in the expedited program can finish seven-week courses.
Business research, information systems for managers, marketing strategy, and advanced corporate finance are among the subjects covered in the program. It is substantially more economical than many other online MBA programs, with an estimated total cost of $17,000 for the degree. UTRGV offers a one-time graduate choice scholarship that is open to online learners.
6. University of Illinois Urbana-Champaign
Cost per Credit:
In-State | $332
Out-of-State | $332
Credits to Graduate: 72
The Gies College of Business at UIUC offers an online iMBA program with a flexible curriculum that lets students select their own areas of interest. The totally self-paced, online curriculum doesn’t require any college visits and can be completed in as little as 24 to 60 months.
The expected cost of the iMBA program, which allows students to pay as they go, is $23,904 for the whole degree. Submission of GMAT or GRE results is not required of applicants. According to UIUC, 65% of iMBA program participants got a job offer, promotion, or new position.
7. Ana G. Mendez University
Cost per Credit:
In-State | $495
Out-of-State | $495
Credits to Graduate: 42
The theory and practice of management are the main topics of AGMU’s online MBA program in management concentration. Advanced strategy management, corporate economics, project management, and pricing and value management are among the required courses. For each student to graduate, they must finish a research or capstone course.
An applicant must have six credits of financial accounting from a recognized institution toward a bachelor’s degree in management or a degree in another subject in order to be eligible. Chief executive officer, manager, and consultant are among the possible professions for graduates.
8. Western Governors University
Cost per Six-Month Term:
In-State | $4,955
Out-of-State | $4,955
Credits to Graduate: 11 courses
Within just 12 months, alumni of WGU’s online MBA program can assume leadership roles in businesses. Eleven courses covering data-driven decision-making, operational management, and ethical leadership are completed by each learner. Students are able to go through the curriculum at their own pace, as long as they can show that they understand the content.
Students must finish their capstone projects to graduate from the program. The course can improve participants’ abilities in data analysis, operations, management, and communications. MBA grads reportedly had an average pay boost of $14,025 at WGU.
9. University of South Florida
Cost per Credit:
In-State | $497-$750
Out-of-State | $497-$750
Credits to Graduate: 33
The Muma College of Business at USF offers an online MBA program that can equip students for leadership positions dealing with today’s business issues. The majority of program participants work full-time jobs and graduate in two to three years. The degree offers numerous chances for professional development and calls for foundation, core, optional, and capstone courses.
Six extra concentrations are available to students, including healthcare analytics, cybersecurity, finance, and the blue economy. Financial analysis, ethics, and professional communication are all developed in the courses.
Conclusion
Getting an MBA doesn’t have to cost a lot of money. Many online programs offer affordable options for international students, allowing you to earn a valuable degree without spending too much.
These programs give you the chance to learn from anywhere in the world and study at your own pace, which is perfect if you are working or have other responsibilities. With an affordable online MBA, you can get the skills and knowledge you need to succeed in business, all while staying within your budget.